Investor Presentaiton

Reconciliation of Non-GAAP Items To Their Closest GAA 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 Less: Unrestricted cash Net Debt as of December 31, 2018 Net Debt/ LQA Adjusted EBITDA (i) Adjusted EBITDA Net Income (loss) available to common unitholders Interest DLR share of unconsolidated joint venture interest expense (Gain) loss from early extinguishment of debt Taxes (income) expense Depreciation & amortization DLR share of unconsolidated joint venture depreciation EBITDA Γ DIGITAL REALTY. L Severance accrual, equity acceleration and legal expenses Transaction and integration expense (Gain) on real estate transactions $ 32,530 84,883 2,101 1,568 (5,843) $ 299,362 3,615 416,916 602 25,917 (7) Other non-core adjustments, net 1,471 Non-controlling interests (262) Preferred stock distributions, including undeclared distributions 20.329 Adjusted EBITDA (*) $ 466,266 LQA Adjusted EBITDA (Adjusted EBITDA x 4) $ 1,865,062 (a) Includes certain financial information from unconsolidated joint ventures. Fixed Charge Coverage Ratio (LQA Adjusted EBITDA/Total Fixed Charges) QE 12/31/2018 $ 11,101,479 GAAP interest expense plus capitalized interest, less bridge facility fees 268,692 Scheduled debt principal payments 263,844 (116,700) Preferred distributions $ 11,517,315 Total fixed charges Fixed charge coverage ratio 6.2x QE 12/31/2018 94,345 $ $ 153 20.329 114,827 4.0x 51

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