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, net
Less: Unrestricted cash
Net Debt as of June 30, 2022
Net Debt/LQA Adjusted EBITDA (ii)
Γ
DIGITAL REALTY.
L
(iii) Adjusted EBITDA
QE 6/30/22
$ 14,294,307
788,838
307,413
(286,240)
Less: Gross Proceeds from Forward Equity
Net Debt as of June 30, 2022 (As Adjusted)
Net Debt/LQA Adjusted EBITDA - As Adjusted
Net Debt as of June 30, 2022
QE 6/30/22
$ 15,104,319
(939,787)
$ 14,164,532
Net Debt/LQA Adjusted EBITDA (iii) (As Adjusted)
5.8x
$ 15,104,319
(iii) Adjusted EBITDA
6.2x
Adjusted EBITDA as of June 30, 2022 x 4
$ 2,443,976
QE 6/30/22
Fixed Charged Ratio (LQA Adjusted EBITDA/total fixed charges)
Net loss available to common stockholders
Interest expense
$
57,245
GAAP interest expense plus capitalized interest
69,023
Preferred dividends
Taxes
12,406
Depreciation and amortization
376,967
Total fixed charges
92,269
10,181
102,450
EBITDA
515,642
Fixed charge ratio
6.0x
Unconsolidated JV real estate related depreciation & amortization
29,023
Unconsolidated JV interest expense and tax expense
6,708
QE 6/30/22
Severance accrual and equity acceleration and legal expenses
3,786
Fixed Charged Ratio (LQA Adjusted EBITDA/total fixed charges) - As Adjusted
Transaction and integration expenses
13,586
Other non-core adjustments, net
31,633
Total fixed charges as of 6/30/22
Noncontrolling interests
Preferred stock dividends, including undeclared dividends
Adjusted EBITDA
436
10,181
$ 610,994
LQA Adjusted EBITDA (Adjusted EBITDA x 4)
$ 2,443,976
Less: Lower interest from debt reduction w/ proceeds from Forward Equity
Total fixed charges
Fixed charge ratio (As Adjusted)
102,450
(4,579)
97,871
6.2x
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