Investor Presentaiton
Reconciliation of
Non-GAAP Items
To Their Closest GAAP
Equivalent
0000
Digital Realty Trust, Inc. and Subsidiaries
Reconciliation of Net Income Available to Common Stockholders to Funds From Operations (FFO)
(in thousands, except per share and unit data)
(unaudited)
Net income available to common stockholders
Adjustments:
Noncontrolling interests in operating partnership
Real estate related depreciation and amortization (1)
Depreciation related to non-controlling interests
Real estate related depreciation and amortization related to investment in
unconsolidated joint ventures
(Gain) on real estate transactions
FFO available to common stockholders and unitholders
Basic FFO per share and unit
Three Months Ended
March 31, 2023
March 31, 2022
$
58,547 $
1,500
412,192
(13,388)
63,101
1,600
374,162
33,719
29,320
(7,825)
(2,770)
$
484,745 $
465,412
$
es is
$
1.63 $
1.60
1.60
$
1.60
Diluted FFO per share and unit
Weighted average common stock and units outstanding
Basic
Diluted
(1) Real estate related depreciation and amortization was computed as follows:
Depreciation and amortization per income statement
Non-real estate depreciation
297,180
309,026
421,198
(9,006)
$
412,192 $
FFO available to common stockholders and unitholders -- basic and diluted
$
Note: The Company does not provide a reconciliation for non-GAAP estimates on a
forward-looking basis, where it is unable to provide a meaningful or accurate calculation or
estimation of reconciling items and the information is not available without unreasonable
effort. This is due to the inherent difficulty of forecasting the timing and/or amount of various
items that would impact net income attributable to common stockholders per diluted share,
which is the most directly comparable forward-looking GAAP financial measure. This
includes, for example, external growth factors, such as dispositions, and balance sheet
items, such as debt issuances, that have not yet occurred, are out of the Company's control
and/or cannot be reasonably predicted. For the same reasons, the Company is unable to
address the probable significance of the unavailable information. Forward-looking non-
GAAP financial measures provided without the most directly comparable GAAP financial
measures may vary materially from the corresponding GAAP financial measures.
Reconciliations for additional periods can be found in 1Q22 Supplemental, 2Q22
Supplemental and 3Q22 Supplemental, which are available on our website.
Add: Effect of dilutive securities
Weighted average common stock and units outstanding
Weighted average common stock and units outstanding -- diluted
0000
Total operating revenues
less:
Proforma disposition adjustment
plus:
Constant currency adjustment
Total operating revenues (as adjusted)
г\
DIGITAL REALTY.
LJ
290,163
290,662
382,132
(7,970)
374,162
Three Months Ended
March 31, 2023
March 31, 2022
484,745 $
297,180
202
297,832
465,412
290,163
499
290,662
Three Months Ended
March 31, 2023
March 31, 2022
$
1,338,724 $
1,127,323
35
(2,828)
9,413
$
1,348,172
$
1,124,495
45View entire presentation