Investor Presentaiton
Reconciliation of
Non-GAAP Items
To Their Closest
GAAP Equivalent
Net Debt/LOA 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 (including DLR share of unconsolidated JV)
Net Debt as of March 31, 2021
Net Debt/LOA Adjusted EBITDA™)
(iii) Adjusted EBITDA
Net income available to common stockholders
Ś
372,405
QE 3/31/21
$ 13,256,839
714,111
236,358
(414,734)
$ 13,792,574
5.6x
Γ
DIGITAL REALTY.
L
Interest expense
75,653
Loss from early extinguishment of debt
Taxes
18,347
7,547
Depreciation and amortization
369,733
EBITDA
843,685
Unconsolidated JV real estate related depreciation & amortization
Unconsolidated JV interest expense and tax expense
19,378
8,786
Severance accrual and equity acceleration and legal expenses
Transaction and integration expenses
2,427
14,120
Gain on sale / deconsolidation
(333,921)
Other non-core adjustments, net
38,574
Impairment of investments in real estate
Noncontrolling interests
Preferred stock dividends, including undeclared dividends
Issuance costs associated with redeemed preferred stock
Adjusted EBITDA
LOA Adjusted EBITDA (Adjusted EBITDA x 4)
8,756
13,514
$ 615,319
$ 2,461,276
Fixed Charged Ratio (LOA Adjusted EBITDA/total fixed charges)
Interest expense (including unconsolidated JV interest expense) plus capitalized interest
Preferred dividends
Total fixed charges
QE 3/31/21
92,900
13,514
106,414
Fixed charge ratio
5.8x
55
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