Investor Presentaiton
Reconciliation of
Non-GAAP Items
To Their Closest GAAP
Equivalent
Net Debt/LQA Adjusted EBITDA
in 000's
Total debt at balance sheet carrying value
Add: DLR share of unconsolidated joint venture debt
Add: Capital lease obligations
Less: Unrestricted cash
Net Debt as of September 30, 2020
Net Debt/LQA Adjusted EBITDA (II)
(iii) Adjusted EBITDA
Γ
DIGITAL REALTY. Note: For quarter ended September 30, 2020
L
Net loss available to common stockholders
Interest expense
$
(37,368)
89,499
Loss from early extinguishment of debt
Taxes
53,007
16,053
Depreciation and amortization
365,842
EBITDA
487,033
Unconsolidated JV real estate related depreciation & amortization
Unconsolidated JV interest expense and tax expense
19,213
9,002
Severance accrual and equity acceleration and legal expenses
920
Transaction and integration expenses
14,953
Gain on sale / deconsolidation
(10,410)
Other non-core adjustments, net
4,945
Impairment of investments in real estate
6,482
Noncontrolling interests
(1,316)
Preferred stock dividends, including undeclared dividends
20,712
Issuance costs associated with redeemed preferred stock
Adjusted EBITDA
16,520
$
568,054
LQA Adjusted EBITDA (Adjusted EBITDA x 4)
$
2,272,215
Fixed Charged Ratio (LQA Adjusted EBITDA/total fixed charges)
GAAP interest expense plus capitalized interest
Scheduled debt principal payments
Preferred dividends
Total fixed charges
Fixed charge ratio
$
QE 9/30/20
12,874,760
568,757
228,486
(971,305)
$
12,700,698
5.6x
QE 9/30/20
108,467
20,712
129,179
4.4x
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