• Digital Realty Trust, Inc.
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  • Digital Realty Trust, Inc. Amends the Company's 2004 Dividend Distributions
    Company Release - 08/19/2005 07:00

    SAN FRANCISCO, Aug. 19 /PRNewswire-FirstCall/ -- Digital Realty Trust, Inc. (NYSE: DLR), an owner and manager of corporate data centers and Internet gateways, today announced that it is amending its 2004 dividend distributions originally reported to you on Form 1099 as follows. Shareholders are urged to consult with their personal tax advisors as to their specific tax treatment of Digital Realty Trust's distributions.

    
    
                                                                  Per       Per
                                                        Per      Share     Share
                                                       Share     Gross    Ordinary
                                                       Cash     Taxable    Taxable
                   Declaration    Record    Payable   Distrib-  Distrib-    Divid-
                       Date        Date       Date     utions   ution(1)    end(1)
    
         As
          originally
          reported  12/14/200412/31/20041/14/2005  $0.1563   $0.0450   $0.0450
         As
          Amended   12/14/200412/31/20041/14/2005  $0.1563   $0.0081   $0.0081
    
         (1)  In accordance with Internal Revenue Code (IRC) Section 857(b)(9),
              any dividend declared by a real estate investment trust (REIT) in
              October, November, or December of any calendar year, payable to
              shareholders of record on a specified date in such a month, shall be
              deemed to have been paid by the REIT on December 31 of such calendar
              year and have been received by each shareholder on December 31 of
              such calendar year.  This rule applies only if the dividend is
              actually paid by the REIT during January of the following calendar
              year and only to the extent the distribution is out earnings and
              profits of the prior calendar year.  Accordingly, a portion of the
              distribution declared to the shareholders of record on 12/14/04 and
              paid 1/14/05 is treated as an ordinary taxable dividend in 2004.
    
    
    
        About Digital Realty Trust, Inc.

    Digital Realty Trust, Inc. owns, acquires, repositions and manages technology-related real estate. The Company's 34 properties contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise data center tenants. Comprising approximately 7.9 million net rentable square feet, excluding space held for redevelopment, Digital Realty Trust's property portfolio is located throughout the United States and in Western Europe. For additional information, please visit the company's website at www.digitalrealtytrust.com.

    Safe Harbor Statement

    This press release contains forward-looking statements that are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include adverse economic or real estate developments in the Company's markets or the technology industry; general economic conditions; defaults on or non-renewal of leases by tenants; increased interest rates and operating costs; inability to manage growth effectively; failure to obtain necessary outside financing; decreased rental rates or increased vacancy rates; difficulties in identifying properties to acquire and completing acquisitions; failure to successfully operate acquired properties and operations, failure of acquired properties to perform as expected; failure to maintain the company's status as a REIT; environmental uncertainties and risks related to natural disasters; financial market fluctuations; changes in foreign currency exchange rates; and changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2004. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

         For Additional Information:
    
         A. William Stein
         Chief Financial Officer and
         Chief Investment Officer
         Digital Realty Trust, Inc.
         (415) 738-6500
    
         Amy Cozamanis
         Investor/Analyst Information
         Financial Relations Board
         (310) 854-8314
    
         Timothy Grace
         Media Information
         Financial Relations Board
         (312) 640-6667
    
    SOURCE  Digital Realty Trust, Inc.
        -0-                             08/19/2005
        /CONTACT:  A. William Stein, Chief Financial Officer and Chief Investment
    Officer of Digital Realty Trust, Inc., +1-415-738-6500; or Amy Cozamanis,
    Investor/Analyst Information, +1-310-854-8314, or Timothy Grace, Media
    Information, +1-312-640-6667, both of Financial Relations Board, for Digital
    Realty Trust, Inc./
        /Web site:  http://www.digitalrealtytrust.com /
        (DLR)
    
    CO:  Digital Realty Trust, Inc.
    ST:  California
    IN:  RLT CPR
    SU:  DIV
    
    KA-LP
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    5171 08/19/200507:00 EDThttp://www.prnewswire.com