Investor Presentaiton
Reconciliation of
Non-GAAP Items
To Their Closest GAAP
Equivalent
Net Debt/LQA Adjusted EBITDA
0000
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 March 31, 2023
Net Debt/LQA Adjusted EBITDA (iii)
(iii) Adjusted EBITDA
Net loss available to common stockholders
Interest expense
Taxes
Depreciation and amortization
EBITDA
$
58,547
102,220
21,454
421,198
603,419
Unconsolidated JV real estate related depreciation & amortization
33,719
Unconsolidated JV interest expense and tax expense
18,556
Severance accrual and equity acceleration and legal expenses
4,155
Transaction and integration expenses
12,267
Other non-core adjustments, net
(14,604)
Noncontrolling interests
111
Preferred stock dividends, including undeclared dividends
Adjusted EBITDA
10,181
$
667,804
LQA Adjusted EBITDA (Adjusted EBITDA x 4)
$
2,671,214
Fixed Charged Ratio (LQA Adjusted EBITDA/total fixed charges)
GAAP interest expense plus capitalized interest
Preferred dividends
Total fixed charges
Γ
Fixed charge ratio
DIGITAL REALTY.
L
$
QE 03/31/23
17,875,511
1,123,360
335,910
(361,380)
$
18,973,401
QE 03/31/23
140,702
10,181
150,884
4.4x
7.1x
80
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