COMPANIES

&

PRODUCTSDigitalRealtyCHAPTER

01OverviewRevenueintheDataCentermarketfordifferentsegmentsWorldwidefrom2017to2028(inbillionU.S.dollars)RevenueintheDataCentermarketWorldwide2017-2028NetworkInfrastructureServersStorage5004504003503002502001501005002017201820192020202120222023202420252026202720283Description:Therevenueisforecasttoexperiencesignificantgrowthinallsegmentsin2028.Aspartofthepositivetrend,theindicatorreachesthemaximumvalueforallthreedifferentsegmentsattheendofthecomparisonperiod.ParticularlynoteworthyisthesegmentNetworkInfrastructure,whichhasthehighestvalueof256.14billionU.S.dollars.ReadmoreNote(s):WorldwideSource(s):MarketInsightsEnterprisespendingoncloudanddatacentersbysegmentfrom2009to2022(inbillionU.Sdollars)Spendingoncloudanddatacenters2009-2022,bysegmentDataCenterHardware&SoftwareCloudInfrastructureServices30025020015010050178129.5966922546.532218214839.56.5813.51.5198.0520219393.38981.578.5201681.577.571.460.702009201020112012201320142015201720182019202020224Description:In2022,enterprisespendingoncloudinfrastructureservicesamountedto225billionU.S.dollars,agrowthof47billionU.S.dollarscomparedtothepreviousyear.Thegrowingmarketforcloudinfrastructureservicesisdrivenbyorganizations'demandformodernnetworking,storage,anddatabasessolutions.ReadmoreNote(s):Worldwide;2009to2022Source(s):estimates;SynergyResearchGroupAnnualspendingoncloudITinfrastructureworldwidefrom2013to2026(inbillionU.S.dollars)GlobalcloudITinfrastructurespending2013-202616014012010080133.7110.593.787.771.866.166.86047.435.74020032.226.422.320132014201520162017201820192021*20222023*2024*2026*5Description:In2023,cloudITinfrastructurespendingisexpectedtoreachalmost94billionU.S.dollars.PubliccloudinfrastructurecontinuestoexpandandisalargedriverofITspending.LeadingcompaniesinthemarketincludeDellTechnologies,HPE,Inspur,Lenovo,IBM,andHuawei.ReadmoreNote(s):Worldwide;2013to2023;*ForecastReadmoreSource(s):IDCEnterprisecloudstrategyworldwidefrom2017to2023,bycloudtypeWorldwideenterprisecloudstrategy2017-2023HybridcloudMultiplepublicMultipleprivateSinglepublicSingleprivateNoplans120%100%80%60%40%20%0%1%1%1%2%9%2%11%2%3%5%5%11%5%9%6%6%3%7%4%9%10%2%10%7%7%9%13%72%202310%20%17%21%87%84%82%80%58%58%51%201720182019Jan2020Nov2020202120226/statistics/817296/worldwide-enterprise-cloud-strategyAsof2023,72percentoftheenterpriserespondentsindicatedthattheyhavedeployedahybridcloudintheirorganization.Themigrationtohybridcloudsolutionsgenerallyhappensattheexpenseofoperatingsingleprivateandpublicclouds.

ReadmoreNote(s):Worldwide;2017to2023;750(2023);ClouddecisionmakersandusersSource(s):FlexeraSoftwarePubliccloudservicesend-userspendingworldwidefrom2017to2024(inbillionU.S.dollars)Publiccloudservicesmarketsize2017-2024800700600500400678.79563.59478.32412.6331430024319720010001452017201820192020202120222023*2024*7Description:Theworldwidepubliccloudcomputingmarketcontinuestogrowandisexpectedtoreachanestimated679billionU.S.dollarsin2024.Thisencompassesbusinessprocesses,platform,infrastructure,software,management,security,andadvertisingservicesdeliveredbypubliccloudservices.Apubliccloudisaclouddeploymentmodelthatofferscomputingservicesovertheinternet.Thephysicalhardwareofthiscloudmodelissharedbymultiplecompanies.Theservicesofferedtocustomers[...]

ReadmoreNote(s):Worldwide;2017to2023;*ForecastThecloudadvertisingsegmentwasremovedfromGartner'spubliccloudservicesforecastsegmentsstartingfrom2017.

ReadmoreSource(s):GartnerDatacentervirtualizationmarketrevenueworldwidein2022versus2032(inbillionU.S.dollars)Globaldatacentervirtualizationmarketvalue2022versus203245403530252038.371511.23105020222032*8Description:Datacentervirtualizationtechnologiesallowuserstodesignanddeploydatacentersinthecloud,withouthavingtheactualphysicaldatacenters.In2022,thedatacentervirtualizationmarketrecordedarevenueworthover11billionU.S.dollars.By2032,theglobalapplicationvirtualizationmarketisexpectedtoexceed38billionU.S.dollars.ReadmoreNote(s):Worldwide;2023;*ForecastReadmoreSource(s):GlobeNewswire;SphericalinsightsCHAPTER

02GlobaldatacentermarketRevenueofleadingdatacentermarketsworldwidefrom2017to2028(inbillionU.S.dollars)Revenueofleadingdatacentermarketsworldwide2017-2028UnitedStatesChinaJapanGermanyUnitedKingdom103.11140124.5792.98117.586.23120100107.3577.599.1695.5865.4893.492.3862.1189.3657.8189.4558.888.5158.6876.1351.7880604020073.1969.1763.2823.9322.2320.072109.

038619.0718.7718.1516.5616.3117.2616.341166.

9.

3715.3715.5215.6914.9514.715.2154.762202415.4713.9613.9613.313.4513.5613.4914.0512.0812.6112.1512.0410.932017201820192020202120222023202520262027202810Description:Therevenueisforecasttoexperiencesignificantgrowthinallregionsin2028.Fromtheselectedregions,therankingbyrevenueinthedatacentermarketisforecasttobeleadbytheUnitedStateswith124.57billionU.S.dollars.Incontrast,therankingistrailedbytheUnitedKingdomwith19.36billionU.S.dollars,recordingadifferenceof105.21billionU.S.dollarstotheUnitedStates.ReadmoreNote(s):Worldwide;2017to2028Source(s):TechnologyMarketInsightsDatacentermarketsworldwiderankedbycostofdatacenterconstructionin2023(inU.S.dollarsperwatt)Globaldatacentermarketsrankedbycostofconstructionperwatt2023CostinU.S.dollarsperwatt0246810121416TokyoZurich13.712.98SiliconValleyNewJerseySingaporePortland12.1511.9211.410.5410.5JakartaChicago10.44NorthernVirginiaLondon10.210.1910SeoulFrankfurtKualaLumpur101011Description:In2023,Tokyowasrankedasthemostexpensivemarketworldwidefordatacenterconstruction.ThecostperwattintheJapanesecapitalwasreportedat13.70U.S.dollars,aheadofZurichat12.98U.S.dollars.

ReadmoreNote(s):Worldwide;2023Source(s):Turner&TownsendTotalinventoryofleadingdatacentermarketsworldwidein1stquarter2023(inmegawatts)InventoryofleadingdatacentermarketsworldwideQ12023Inventoryinmegawatts(MW)1,00005001,5002,0002,500NorthernVirginiaLondon2,132956TokyoFrankfurtSydney753707659623SingaporeAmsterdamDallas/Ft.WorthHongKongS?oPauloSiliconValleyParis508434.3418386.7378.1373Chicago363.512Description:NorthernVirginiawasbyfartheworld’slargestdatacentermarketbytotalinventoryinthefirstquarterof2023.Theregionhadareportedinventoryofover2,100MW,whichwasmorethantwicethatofLondon,thesecond-largestmarket.

ReadmoreNote(s):Worldwide;Q12023Source(s):CBREGroupVacancyratesofleadingdatacentermarketsworldwidein1stquarter2023VacancyratesofleadingdatacentermarketsworldwideQ12023Vacancyrate10%0%5%15%20%25%SingaporeNorthernVirginiaSiliconValleySantiago0.6%1.8%2.9%3%QuerétaroFrankfurt3.1%4.8%ChicagoDallas/Ft.WorthTokyo6.7%7.2%11.2%11.9%ParisS?oPauloBogotá13.5%14.7%London15.3%13/statistics/1456844/leading-data-center-markets-by-vacancySingaporehadthelowestvacancyrateamongleadingdatacentermarketsasofthefirstquarterof2023.Singapore'svacancyrateof0.6percentwaslowerthanthatofNorthernVirginia,theworld'slargestdatacentermarketbytotalinventory.

ReadmoreNote(s):Worldwide;Q12023Source(s):CBREGroupWhatistheaverageannualpowerusageeffectiveness(PUE)foryourlargestdatacenter?Datacenteraverageannualpowerusageeffectiveness(PUE)worldwide2007-20232.72.52.52.32.11.91.71.51.981.671.651.591.581.581.571.5520072011201320182019202020212022202314Description:Respondingtoa2023survey,datacenterownersandoperatorsreportedanaverageannualpowerusageeffectiveness(PUE)ratioof1.58attheirlargestdatacenter.DatacenteroperatorsaimtogettheirPUEratioascloseto1aspossible,withmanyofthenewestdatacentersfromhyperscaleandcolocationprovidersofferinggreaterefficiencythanthoserunningoldertechnologies.ReadmoreNote(s):Worldwide;2007to2023;DatacenterownersandoperatorsSource(s):UpsiteTechnologies;UptimeInstituteCHAPTER

03FinancialsTotaloperatingrevenueofDigitalRealtyfrom2014to2023(inthousandU.S.dollars)DigitalRealty'stotaloperatingrevenue2014–20236,000,0005,000,0004,000,0003,000,0005,477,0614,691,8344,427,8823,903,6093,209,2413,046,4782,457,9282,142,2132,000,0001,000,00001,763,3361,616,438201420152016201720182019202020212022202316Description:DigitalRealty'soperatingrevenuesurgedtoalmost5.5billionU.S.dollarsin2023,continuingayear-on-yearincrease.TheTexas-basedcolocationproviderhasenjoyedglobalsuccessamidincreasingdemandfordatacentercapacity.

ReadmoreNote(s):Worldwide;2014to2023Source(s):DigitalRealtyOperatingincomeofDigitalRealtyfrom2014to2023(inthousandU.S.dollars)DigitalRealty'soperatingincome2014-2023800,000700,000600,000500,000694,009594,215589,968557,526549,787524,461497,286451,295401,911400,000300,000200,000100,0000258,666201420152016201720182019202020212022202317Description:DigitalRealty'stotaloperatingincomewas524millionU.S.dollarsin2023,downfrom590millionthepreviousyear.Texas-basedDigitalRealtyprovidescolocationdatacenterservicesacrosstheglobe.

ReadmoreNote(s):Worldwide;2014to2023Source(s):DigitalRealtyDigitalRealty'slargestcustomersin2023,byannualizedrecurringrevenue(inthousandU.S.dollars)DigitalRealty'slargestcustomers2023,byrevenueRevenue

in

thousand

U.S.

dollarsFortune50SoftwareCompanySocialContentPlatformOracleCorporation4189352121981644871568921295699334681438767376930462117618896087349804GlobalCloudProviderIBMEquinixLinkedInCorporationFortune25InvestmentGrade-RatedCompanyFortune25TechCompanySocialMediaPlatformFortune500SaaSProviderMetaPlatforms,Inc.LumenTechnologies,Inc.18Description:AnunnamedFortune50softwarecompanywasDigitalRealty'slargestcustomerbyrevenuein2023,whiletheU.S.techfirmOraclewasthelargestnamedclient.DigitalRealtyprovidescolocationdatacenterservicesacrosstheglobe,withtheU.S.itslargestmarket.ReadmoreNote(s):Worldwide;2023Source(s):DigitalRealtyDigitalRealty'sglobalmarketsbyshareannualrentin2023DigitalRealty'smarketsbyshareannualrent202325%23.4%20%17.3%15%10%8.1%6.4%5.2%5%4.9%4.8%4.6%4.3%4.2%5%0%2.7%2.7%2.6%2%1.8%19Description:TheNorthernVirginiaregionaccountedfor17.3percentofDigitalRealty'sannualrentin2023,thehighestshareofanydatacentermarket.Chicagoaccountedforthesecond-largestshare,whiletheEuropeanfinancialhubofFrankfurtaccountedforthethird-largestshare.DigitalRealty’shomemarketremainsitslargestTexas-basedDigitalRealtyoperatescarrier-neutralcolocationdatacenterfacilitiesacrosstheglobeandisconsideredaleaderintheprovisionofdigitalinfrastructure.Despite[...]

ReadmoreNote(s):Worldwide;2023Source(s):DigitalRealtyLeadingrealestateinvestmenttrusts(REITs)worldwideasofApril11,2024,bymarketcapitalization(inbillionU.S.dollars)LeadingREITsworldwide2024,bymarketcapMarketcapinbillionU.S.dollars020406080100120PrologisInc(U.S)AmericanTowerCorp(U.S)WelltowerInc(U.S)111.5884.8651.3148.4747.4244.944.1642.4539.98PublicStorage(U.S)SimonPropertyGroupInc(U.S)RealtyIncomeCorp(U.S)DigitalRealtyTrustInc(U.S)CrownCastleInc(U.S)GoodmanGroup(Australia)ExtraSpaceStorageInc(U.S)VICIPropertiesInc(U.S)30.1629.32AvalonbayCommunitiesInc(U.S)WeyerhaeuserCo(U.S)26.4624.5220Description:Prologis,AmericanTower,andWelltowerweretherealestateinvestmenttrusts(REITs)worldwidewiththelargestmarketcapsasofApril11,2024.AllthreeREITswereheadquarteredintheUnitedStates.Iffact,outofthe40largestREITs,onlysevenwereheadquarteredoutsidetheUnitedStates.AmongthemwereGoodmanGroup(Australia),LinkRealEstateInvestmentTrust(HongKong),SegroPlc(theUK).ReadmoreNote(s):Worldwide;April11,2024Source(s):FinancialTimes;Refinitiv;VarioussourcesTotalreturnofthe50largestrealestateinvestmenttrusts(REITs)intheUnitedStatesasofNovember2023Totalreturnofthe50largestREITsintheU.S.2023Market

segmentMarket

cap

(in

billion

U.S.dollars)October

2023Prologis(PLD)IndustrialInfrastructureDataCentersInfrastructureSelfStorageHealthCareDataCentersRegionalMallsFreeStandingSpecialty93.0483.0468.2340.3241.9641.5-10.21%9.46%0.47%1.03%-9.41%2.06%2.76%1.72%-4.61%-4.12%-3.49%4.23%AmericanTowerCorp(AMT)EquinixInc(EQIX)CrownCastleInc(CCI)PublicStorage(PSA)WelltowerInc.(WELL)DigitalRealtyTrust(DLR)SimonPropertyGroup(SPG)RealtyIncome(O)37.2135.931.9VICIProperties(VICI)28.0223.5322.6AvalonbayCommunities(AVB)SBACommunications(SBAC)ApartmentsInfrastructure21Description:Amongthe50realestateinvestmenttrusts(REITs)withthelargestmarketcap,Prologis(PLD)andAmericanTower(AMT)recordedtotheatthetopofthelistwitharound93and83billionUSdollarseach.TheREITssectorreportedadecreasein2022,withtheafterthemarketcapreachedrecordhighthepreviousyear.Nevertheless,theyear-to-datetotalreturnsforallpropertysegmentswerenegativeasofSeptember2022.

ReadmoreNote(s):UnitedStates;November2023;50largestREITsbymarketcapSource(s):NareitLeadingrealestateandinvestmentcompaniestradingonthestockexchangeinEuropeinNovember2023,bymarketcap(inbillioneuros)MarketcapofleadingrealestateandinvestmentcompaniesinEurope2023Marketcapitalizationinbillioneuros0102030405060708090100PrologisInc(Germany)AmericanTowerCorp(Germany)DigitalRealtyTrustInc(Germany)RealtyIncomeCorp(Germany)93.2384.537.3535.11SunHungKaiPropertiesLtd(Germany)GoodmanGroup(Germany)26.826.2124.84ExtraSpaceStorageInc(Germany)VonoviaSE(Germany)20.5219.9918.8415.671412.49MitsuiFudosanCoLtd(Germany)ChinaOverseasLand&InvestmentLtd(Germany)MitsubishiEstateCoLtd(Germany)SunCommunitiesInc(Germany)REAGroupLtd(Germany)22Description:Marketcapitalizationreferstothetotalvalueofacompany'ssharesonthestockmarket.OnNovember20,2023,thetopthreerealestateandinvestmentcompanieslistedonstockexchangesinEurope,PrologisInc,AmericanTowerCorp,andDigitalRealtyTrustInchadmarketcapsof93.23,84.5,and37.35billioneurosrespectively.ReadmoreNote(s):Europe;November20,2023Source(s):FinancialTimes;Refinitiv;VarioussourcesCHAPTER

04DatacenterfacilitiesDigitalRealty'sglobaldatacenterbuildingportfoliofrom2021to2023,byregionNumberofDigitalRealtydatacenterbuildingsworldwide2021-2023,byregionEuropeNorthAmericaAfricaAsiaPacific30025020015010050020212022202324Description:AsofDecember31,2023,Texas-basedDigitalRealtylisted242datacenterbuildingsacrosstheglobe,adecreaseonthepreviousyear.ThoughEuropeishometothelargestnumberofindividualDigitalRealtybuildings,theUnitedStatesaccountedforafargreatershareofnetrentablespace.ReadmoreNote(s):Worldwide;2021to2023Source(s):DigitalRealtyNetrentablesquarefeetofDigitalRealtyfacilitiesworldwidefrom2021to2023NetrentablesquarefeetofDigitalRealtyworldwide2021-2023NorthAmericaEuropeAsiaPacificAfrica35,00030,00025,00020,00015,00010,0005,000020212022202325Description:DigitalRealtyreported20,150squarefeetofnetrentablespaceinNorthAmericain2023-alowerfigurethanthatreportedfor2022.ThiswaspartiallyoffsetbyanincreaseinspacemadeavailableforrentinEuropeandAfrica.

ReadmoreNote(s):Worldwide;2021to2023Source(s):DigitalRealtyOccupancyofDigitalRealtyfacilitiesworlwidefrom2021to2023,byregionOccupancyofDigitalRealtyfacilities2021-2023,byregionNorthAmerica86.3%Europe79.3%AsiaPacific75.9%Africa70.2%100%90%80%70%60%50%40%30%20%10%0%85.4%83.8%76.2%75.8%76.7%74.6%71%58.5%20212022202326Description:ThedatacenteroperatorDigitalRealtyreportedthat83.8percentofitsrentableNorthAmericanportfoliowasoccupiedin2023,downfrom86.3percentin2022.NorthAmericaremainsthefirm'slargestmarketbyrentablespace,thoughithaslookedtoexpanditsinterestsabroad.ReadmoreNote(s):Worldwide;2021to2023Source(s):DigitalRealtySpaceunderactivedevelopmentbyDigitalRealtyin2023,byregionSpaceunderactivedevelopmentbyDigitalRealty2023,byregion3,5003,2913,0002,5002,0001,5001,0005002,5901,581730EuropeNorthAmericaAfricaAsiaPacific27Description:ThedatacenteroperatorDigitalRealtyhad3,291squarefeetofspaceunderdevelopmentinEuropeattheendof2023,themostofanyregion.WhileNorthAmericaremainsthefirm'slargestmarketbyrentablespace,ithasbeenlookingtoexpanditsglobalportfolio.ReadmoreNote(s):Worldwide;2023Source(s):DigitalRealtyCHAPTER

05SustainabilityCompositionofDigitalRealty'srenewableenergyusein2022CompositionofDigitalRealty'srenewableenergyuse2022Renewableenergycertificates2%Onsitesolar*1%Greentariffs3%Utilitygridmix12%Retailsupp