Digital Realty Trust : 1Q24 Earnings Conference Call Presentation

1Q24 FINANCIAL RESULTS

May 2, 2024

Global. Connected. Sustainable.

The meeting place for companies, technologies and data

Executing on Key Strategic Priorities

Positioning for Long-Term Sustainable Growth

5,000+	221,500
Customers	Cross Connects
50+	300+
Metros	Data Centers

Coverage	Capacity
Deploy where you	Host what you need,
need	how you need

Connectivity	Control
Connect how you need	Implement and operate
to whom you need	the way you need

1 Record Leasing

>40%

Above Prior

Bookings Record

~60%

Increase in >1 MW

Rates vs. Prior

Bookings Record

2 Strong Operating Results

18.5%

Record Increase in

>1 MW Renewal

Spreads

5th

Consecutive Quarter

of Positive

Same-Capital Growth

3 Continued to Innovate

Launched Private AI Exchange (AIPx) on ServiceFabric

Note: As of March 31, 2024. Includes investments in unconsolidated entities.

1Q24 Financial Results 2

Strong Demand for Data Center Capacity

PlatformDIGITAL® Well Positioned

Enterprises		Service providers
10-15%	Digitization		Hyperscale		24GW
Forecasted Data Center	Opportunity		Capacity	(5)
Demand Growth	Unfolding(1)	T H E DATA MEETING PLACE	Compounding		New capacity by 2028
through 2030
$6.4T	IT Spend	(2)	Telecom		$524B
		B2B
Accelerating		(6)		Networking Digital
Annual IT Spend by 2026			Growing		Transformation
1.2M	Data Creation	AIaaS		$105B
Category
Intensifying(3)	Emerging(7)
				Market By 2030
New Exabytes by 2025
42%	AI Adoption	Physical- Digital	$1T
Increasing(4)	Converging(8)
Actively Deploying AI					IoT Connected Ecosystem

Notes:
1)	Investing in the rising data center economy (McKinsey&Company)	5)	Hyperscale Data Centers Hit Thousand Mark (Synergy Research Group)
2)	Forecast Alert: IT Spending, Worldwide, 4Q2023 Update (Gartner)	6)	Seizing the core connectivity opportunity in B2B telecom (McKinsey&Company)	1Q24 Financial Results 3
3)	DGx 2.0 (DLR analysis)	7)	AI as a Service Market to Reach $105.04B by 2030 (Grand View Research)
4)	Global AI Adoption Index 2023 (IBM)	8)	Worldwide IDC Global Data IoT Device Installed Base and Data Generated Forecast 2023-2027 (IDC)

Connected Data Communities

Strong 0-1MW + IX Revenue

1Q24 Results

128

new logos

$53M

total 1Q bookings from

0-1 MW + Interconnection

#3

Highest 0-1MW + IX

Bookings in History

1Q24 Financial Results 4

Offering a Global Data Center Platform

Global Capacity to Meet Growing Customer Demand

Global Capacity

32 MW

delivered in 1Q24

~2,500 MW

total capacity in place

>3,000 MW

buildable IT capacity

Note: As of March 31, 2024.

1Q24 Financial Results 5

Northern Virginia Update

Power Transmission Issues Constrain Capacity in Ashburn

Digital Dulles		Manassas(1)

Total in NoVA

272 MW

Total Available For Lease

632 MW

White Space IT Load

In-Place(2)

500+

80 MW

Available For Lease

192 MW

Available For Lease

Acres of land holdings that will support the build-out of another 1,000+ MW

1. Manassas is shown at 100% share. The site is held in joint venture with Blackstone in which Digital Realty maintains a 20% interest.
2. As of March 31, 2024 and represents 438 MW in our consolidated portfolio and 194 MW in our unconsolidated portfolio.

1Q24 Financial Results 6

Leading Data Center Partner for Sustainability

Science-Based Target Commitment to Reduce Global Emissions by 68% by 2030

Renewable Energy		Green Buildings		Energy Efficiency		Green Bonds

Leading data center purchaser of renewable energy

• 1.4 GW contracted renewable capacity
• 100% renewable for European properties and N. Am. productized colocation portfolio
• 126+ sites 100% renewable including New Jersey, Texas, San Francisco, and Sydney markets

More green building certified IT capacity than any other data center provider

• 1.1 GW-IT global operating portfolio has a sustainable building certification
• 59% of certifications are gold level and above
• 158 MW-IT certified in the past year

More energy star certifications than any other data center provider

• ENERGY STAR Partner of the Year; 64% of U.S. operating portfolio ENERGY STAR certified
• Awarded SEAA's "Green Innovations: Water Solutions" in Singapore
• Top 10 in the U.S. EPA Green Power Partnership
• 7% reduction in water use intensity since 2020
• Expanded HVO diesel to 20 Global Sites and 15% of our global portfolio by IT capacity

Leading the data center industry in green bonds

• $6.4B in aggregate principal amount of green bonds issued
• Fully allocated all green bond funds to sustainable projects
• Executed first data center industry green bond

Note: As of March 31, 2024.

1Q24 Financial Results 7

Serving a Social Purpose

Delivering Growth for All Stakeholders

Social

Newsweek's America's Most

Responsible Companies of 2023

Top 100 ranking on JUST Capital

America's Most JUST Companies

12 philanthropic organizations supported as part of 'Giving Tuesday' campaign

Demonstrated commitment to Diversity, Equity & Inclusion: established five employee resource groups & signed CEO Action Pledge for Diversity and Inclusion

	Governance
	Susan Swanezy added to the Board of
2024	Directors
	Enhanced Board diversity to 44% female
	or ethnically diverse
2023	Aligned ownership requirements to
amend bylaws consistent with SEC
	standard
2022	Appointed Mary Hogan Preusse as
	Chair of the Board, which aligns with
	our commitment to strong governance
	Formalized oversight of ESG by the
2021	Nominating & Corporate
	Governance Committee;

Signatory to the UN Global Compact

1Q24 Financial Results 8

1Q24 Financial Results

1Q24 Financial Results 9

AI Spurs Demand for Large Capacity Blocks

Strong and Steady Leasing for 0-1MW + IX

• Record Quarter of $252M Bookings
• Record High >1 MW average leasing rate

HISTORICAL BOOKINGS

ANNUALIZED GAAP BASE RENT $ in millions

$240

$180

$120

$60

$0	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024

1Q24 BOOKINGS

0-1 MW	INTERCONNECTION	>1 MW	OTHER(1)	TOTAL BOOKINGS
$40.0 mm	$13.2 mm	$198.2 mm	$0.7 mm
$252.2 mm
16% of total bookings	5% of total bookings	79% of total bookings	0.3% of total bookings

Note: Totals may not add up due to rounding. Digital Realty revised its reporting categories in 2Q 2020. For prior periods, "0-1 MW" includes Colocation, ">1 MW" includes Turn-Key Flex, "Other" includes Power Base Building and Non-Technical. "Interconnection" is unchanged.

1) Other includes Powered Base Building® shell capacity as well as storage and office space within fully improved data center facilities.

1Q24 Financial Results 10