Investor Presentaiton

Reconciliation of Non-GAAP Items To Their Closest GAAP Equivalent Γ DIGITAL REALTY. L Digital Realty Trust, Inc. and Subsidiaries Reconciliation of Same Capital Cash Net Operating Income (in thousands) (unaudited) 0000 Twelve Months Ended December 31, 2019 December 31, 2018 Twelve Months Ended December 31, 2018 December 31, 2017 Twelve Months Ended December 31, 2017 December 31, 2016 Operating income Fee Income $594,216 $549,787 $549,787 (11,654) (7,841) (7,841) $451,295 (6,372) $451,295 (6,372) $497,286 (6,285) Other income (1,231) (1,924) (1,924) (1,031) (1,031) (33,197) Depreciation and amortization 1,163,774 1,186,896 1,186,896 842,464 842,464 699,324 General and administrative 207,696 160,363 160,363 156,711 156,711 146,526 Severance, equity acceleration, and legal 3,400 3,304 3,304 4,730 4,730 6,207 expenses Transaction expenses 27,925 45,327 45,327 76,048 76,048 20,491 Impairment in investments in real estate 5,351 28,992 28,992 - Other expenses 14,118 2,818 2,818 3,077 3,077 213 Net Operating Income $2,003,595 $1,938,730 $1,938,730 $1,555,914 $1,555,914 $1,330,565 Straight-line rental revenue (50,273) Straight-line rental expense Above and below-market rent amortization 1,075 17,097 (40,423) 9,878 26,533 (40,423) (16,564) (16,564) (24,254) 9,878 12,075 12,075 26,533 1,840 1,840 22,341 (8,313) Cash Net Operating Income $1,971,495 $1,934,718 $1,934,718 $1,553,266 $1,553,266 $1,320,339 Same Capital Cash Net Operating Income 1,540,650 1,604,864 Non Same Capital Cash Net Operating Income 430,845 329,854 1,076,981 857,737 1,073,225 480,041 923,556 629,710 895,059 425,280 50 50

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