Investor Presentaiton
Reconciliation of
Non-GAAP Items
To Their Closest GAAP
Equivalent
Net Debt/LQA Adjusted EBITDA
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 September 30, 2022
Net Debt/LQA Adjusted EBITDA ()
Γ
DIGITAL REALTY.
L
QE 9/30/22
$15,758,509
794,087
283,086
(321,662)
$16,514,021
Fixed Charged Ratio (LQA Adjusted EBITDA/total fixed charges)
GAAP interest expense plus capitalized interest
Preferred dividends
Total fixed charges
Fixed charge ratio
6.7x
QE 9/30/22
101,878
10,181
112,060
5.5x
(iii) Adjusted EBITDA
QE 9/30/22
Net loss available to common stockholders
Interest expense
$ 226,894
Fixed Charged Ratio (LQA Adjusted EBITDA/total fixed charges As Adjusted
76,502
Total fixed charges as of 9/30/22
112,060
Taxes
19,576
Depreciation and amortization
388,704
Less: Lower interest from debt reduction w/ proceeds from Forward Equity
Plus: Interest adjustment for full quarter of Teraco debt
(3,710)
1,919
EBITDA
711,676
Total fixed charges
110,269
Unconsolidated JV real estate related depreciation & amortization
Unconsolidated JV interest expense and tax expense
30,831
Fixed charge ratio (As Adjusted)
5.7x
11,948
Severance accrual and equity acceleration and legal expenses
1,655
Transaction and integration expenses
25,862
(Gain) loss on sale of investments
(173,990)
Other non-core adjustments, net
(94)
Noncontrolling interests
1,716
Preferred stock dividends, including undeclared dividends
Adjusted EBITDA
10,181
$ 619,786
LQA Adjusted EBITDA (Adjusted EBITDA x 4)
$2,479,144
Net Debt/LQA Adjusted EBITDA - As Adjusted
Net Debt as of September 30, 2022
Less: Gross proceeds from remaining equity forward
Net Debt as of September 30, 2022 (As Adjusted)
$ 16,514,021
(537,616)
15,976,405
6.4x
Net Debt/LQA Adjusted EBITDA (iii) (As Adjusted)
(iii) Adjusted EBITDA
Adjusted EBITDA as of September 30, 2022 x 4
Plus: Full-quarter contribution from Teraco x 4
Adjusted EBITDA (As Adjusted)
$
2,479,144
28,248
$
2,507,392
Note: For quarter ended September 30, 2022.
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