Investor Presentaiton
Reconciliation of
Non-GAAP Items
To Their Closest
GAAP 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, net
Less: Unrestricted cash.
Net Debt as of March 31, 2022
Net Debt/LQA Adjusted EBITDA (i)
Γ
DIGITAL REALTY.
L
QE 3/31/22
Net Debt as of March 31, 2022
$ 14,388,215
813,519
329,755
(347,183)
Less: Gross Proceeds from Forward Equity
Net Debt as of March 31, 2022 (As Adjusted)
Net Debt/LQA Adjusted EBITDA - As Adjusted
QE 3/31/22
$ 15,184,306
(947,405)
$ 14,236,901
Net Debt/LQA Adjusted EBITDA (iii) (As Adjusted)
5.9x
(iii) Adjusted EBITDA
$ 15,184,306
Adjusted EBITDA as of March 31, 2022 x 4
$ 2,411,974
6.3x
QE 3/31/22
(iii) Adjusted EBITDA
Fixed Charged Ratio (LQA Adjusted EBITDA/total fixed charges)
Net loss available to common stockholders
$
63,101
Interest expense
66,725
GAAP interest expense plus capitalized interest
Taxes
13,244
Preferred dividends
Depreciation and amortization
382,132
Total fixed charges
98,993
10,181
109,175
EBITDA
576,337
Fixed charge ratio
5.5x
Unconsolidated JV real estate related depreciation & amortization
29,319
Unconsolidated JV interest expense and tax expense
21,111
Severance accrual and equity acceleration and legal expenses
2,077
QE 3/31/22
Transaction and integration expenses
11,968
Fixed Charged Ratio (LQA Adjusted EBITDA/total fixed charges) - As Adjusted
Gain on sale deconsolidation
(2,770)
Other non-core adjustments, net
(48,858)
Total fixed charges as of 3/31/22
109,175
Noncontrolling interests
3,629
Preferred stock dividends, including undeclared dividends
Adjusted EBITDA
10,181
Less: Lower interest from debt reduction w/ proceeds from Forward Equity
Total fixed charges
(2,804)
106,371
$ 602,994
Fixed charge ratio (As Adjusted)
5.7x
LQA Adjusted EBITDA (Adjusted EBITDA x 4)
$ 2,411,974
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