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
QE 12/31/22
$ 16,596,803
906,210
325,228
(315,949)
$ 17,512,292
6.9x
(iii)
Net Debt/LQA Adjusted EBITDA
(iii) Adjusted EBITDA
Net loss available to common stockholders
$
(6,093)
Interest expense
86,882
Taxes
(17,676)
Depreciation and amortization
430,130
EBITDA
493,244
Unconsolidated JV real estate related depreciation & amortization
33,927
Unconsolidated JV interest expense and tax expense
53,481
Severance accrual and equity acceleration and legal expenses
15,980
Transaction and integration expenses
17,350
(Gain) loss on sale of investments
6
Other non-core adjustments, net
15,127
Impairment of investments in real estate
3,000
Noncontrolling interests
(3,326)
Preferred stock dividends, including undeclared dividends
Adjusted EBITDA
10,181
$ 638,969
LQA Adjusted EBITDA (Adjusted EBITDA x 4)
$ 2,555,877
QE 12/31/22
Fixed Charged Ratio (LQA Adjusted EBITDA/total fixed charges)
GAAP interest expense plus capitalized interest
Preferred dividends
Total fixed charges
Γ
DIGITAL REALTY.
L
Fixed charge ratio
121,455
10,181
131,636
4.9x
62
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