Investor FAQs

Digital Realty common stock is listed on the New York Stock Exchange under the trading symbol DLR.

Digital Realty priced its initial public offering on October 28, 2004 at $12.00 per share. Including the over-allotment option exercised by the underwriters of the IPO, the Company raised approximately $257 million in gross proceeds through the sale of 21.4 million shares of common stock. The IPO was co-led by Citigroup and Merrill Lynch.

Digital Realty was incorporated in the state of Maryland in March 2004.

For inquiries regarding a stockholder’s account, including change of name, address or telephone number, please contact our transfer agent:

American Stock Transfer and Trust Company
Operations Center
6201 15th Avenue
Brooklyn, NY 11219
Phone (800) 937-5449
(718) 921-8124
Website: http://www.amstock.com/main/

The CUSIP number for Digital Realty common stock is 253868103.

Digital Realty does not have a direct stock purchase plan.

Digital Realty does not have a dividend reinvestment program.

Click here to view the analysts that follow us.

Investor Relations contacts at Digital Realty:

Jordan Sadler
Senior Vice President, Public & Private Investor Relations
Email: investorrealtions@digitalrealty.com

Click here to view our latest annual and quarterly reports online.

Latham & Watkins LLP

KPMG LLP

Austin, Texas.

Digital Realty’s fiscal year end is December 31.

Yes, Digital Realty pays quarterly dividends on its common stock and its preferred stock.

Click here for a history of our dividend payouts.

The National Association of Real Estate Investment Trusts (NAREIT) defines a REIT as a company that owns or finances income-producing real estate, such as hotels, apartments, offices, shopping centers and warehouses.

We are structured as an umbrella partnership real estate investment trust, or UPREIT. In a typical UPREIT, contributors of properties or, in certain cases, interests in entities that own properties and a newly-formed REIT, are partners in a partnership that is referred to as an “operating partnership”. In connection with our formation, partners of existing partnerships contributed properties and interests in partnerships that own properties, and we contributed the cash proceeds from our public offering to Digital Realty Trust, L.P., our Operating Partnership, in exchange for interests, or units, in the Operating Partnership. Digital Realty Trust, Inc. is the general partner of the Operating Partnership.

A company that qualifies as a REIT generally is permitted to deduct dividends paid to its stockholders from its taxable income, which has the effect of reducing the amount of federal corporate level tax the REIT is required to pay. As a result, and in order to comply with certain distribution requirements applicable to REITs, most REITs distribute at least 100 percent of their taxable income to their stockholders and, therefore, do not pay federal corporate level taxes. Most states follow this federal tax treatment and allow REITs to deduct dividends paid to their stockholders from their taxable income for state tax purposes.

To qualify as a REIT, a company must comply with certain provisions within the Internal Revenue Code. A REIT must:

• Be an entity that is taxable as a corporation, but for the provisions of the Internal Revenue Code applicable to REITS;
• Be managed by a board of directors or trustees;
• Have shares that are freely transferable;
• Have a minimum of 100 stockholders;
• Have no more than 50 percent of its shares held by five or fewer individuals during the last half of each taxable year; and
• Meet certain tests regarding the nature of its assets and income, and the amount of its distributions.

We calculate funds from operations, or FFO, in accordance with the standards established by the National Association of Real Estate Investment Trusts, or NAREIT. FFO represents net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from sales of property, impairment charges, real estate related depreciation and amortization (excluding amortization of deferred financing costs) and after adjustments for unconsolidated partnerships and joint ventures.

Management uses FFO as a supplemental performance measure because, in excluding real estate related depreciation and amortization and gains and losses from property dispositions and after adjustments for unconsolidated partnerships and joint ventures, it provides a performance measure that, when compared year over year, captures trends in occupancy rates, rental rates and operating costs. We also believe that, as a widely recognized measure of the performance of REITs, FFO will be used by investors as a basis to compare our operating performance with that of other REITs.

However, because FFO excludes depreciation and amortization and captures neither the changes in the value of our properties that result from use or market conditions, nor the level of capital expenditures and capitalized leasing commissions necessary to maintain the operating performance of our properties, all of which have real economic effect and could materially impact our financial condition and results from operations, the utility of FFO as a measure of our performance is limited. Other REITs may not calculate FFO in accordance with the NAREIT definition and, accordingly, our FFO may not be comparable to such other REITs’ FFO.

Accordingly, FFO should be considered only as a supplement to net income computed in accordance with GAAP as a measure of our performance.