1Q24 FINANCIAL RESULTS
May 2, 2024
Global. Connected. Sustainable.
The meeting place for companies, technologies and data
Executing on Key Strategic Priorities
Positioning for Long-Term Sustainable Growth
5,000+ | 221,500 |
Customers | Cross Connects |
50+ | 300+ |
Metros | Data Centers |
Coverage | Capacity |
Deploy where you | Host what you need, |
need | how you need |
Connectivity | Control |
Connect how you need | Implement and operate |
to whom you need | the way you need |
1 Record Leasing
>40%
Above Prior
Bookings Record
~60%
Increase in >1 MW
Rates vs. Prior
Bookings Record
2 Strong Operating Results
18.5%
Record Increase in
>1 MW Renewal
Spreads
5th
Consecutive Quarter
of Positive
Same-Capital Growth
3 Continued to Innovate
Launched Private AI Exchange (AIPx) on ServiceFabric
Note: As of March 31, 2024. Includes investments in unconsolidated entities. | 1Q24 Financial Results 2 |
Strong Demand for Data Center Capacity
PlatformDIGITAL® Well Positioned
Enterprises | Service providers | ||||
10-15% | Digitization | Hyperscale | 24GW | ||
Forecasted Data Center | Opportunity | Capacity | (5) | ||
Demand Growth | Unfolding(1) | T H E DATA MEETING PLACE | Compounding | New capacity by 2028 | |
through 2030 | |||||
$6.4T | IT Spend | (2) | Telecom | $524B | |
B2B | |||||
Accelerating | (6) | Networking Digital | |||
Annual IT Spend by 2026 | Growing | Transformation | |||
1.2M | Data Creation | AIaaS | $105B | ||
Category | |||||
Intensifying(3) | Emerging(7) | ||||
Market By 2030 | |||||
New Exabytes by 2025 | |||||
42% | AI Adoption | Physical- Digital | $1T | ||
Increasing(4) | Converging(8) | ||||
Actively Deploying AI | IoT Connected Ecosystem |
Notes: | ||||
1) | Investing in the rising data center economy (McKinsey&Company) | 5) | Hyperscale Data Centers Hit Thousand Mark (Synergy Research Group) | |
2) | Forecast Alert: IT Spending, Worldwide, 4Q2023 Update (Gartner) | 6) | Seizing the core connectivity opportunity in B2B telecom (McKinsey&Company) | 1Q24 Financial Results 3 |
3) | DGx 2.0 (DLR analysis) | 7) | AI as a Service Market to Reach $105.04B by 2030 (Grand View Research) | |
4) | Global AI Adoption Index 2023 (IBM) | 8) | Worldwide IDC Global Data IoT Device Installed Base and Data Generated Forecast 2023-2027 (IDC) |
Connected Data Communities
Strong 0-1MW + IX Revenue
1Q24 Results
128
new logos
$53M
total 1Q bookings from
0-1 MW + Interconnection
#3
Highest 0-1MW + IX
Bookings in History
1Q24 Financial Results 4
Offering a Global Data Center Platform
Global Capacity to Meet Growing Customer Demand
Global Capacity
32 MW
delivered in 1Q24
~2,500 MW
total capacity in place
>3,000 MW
buildable IT capacity
Note: As of March 31, 2024. | 1Q24 Financial Results 5 |
Northern Virginia Update
Power Transmission Issues Constrain Capacity in Ashburn
Digital Dulles | Manassas(1) | |
Total in NoVA
272 MW
Total Available For Lease
632 MW
White Space IT Load
In-Place(2)
500+
80 MW
Available For Lease
192 MW
Available For Lease
Acres of land holdings that will support the build-out of another 1,000+ MW
- Manassas is shown at 100% share. The site is held in joint venture with Blackstone in which Digital Realty maintains a 20% interest.
- As of March 31, 2024 and represents 438 MW in our consolidated portfolio and 194 MW in our unconsolidated portfolio.
1Q24 Financial Results 6
Leading Data Center Partner for Sustainability
Science-Based Target Commitment to Reduce Global Emissions by 68% by 2030
Renewable Energy | Green Buildings | Energy Efficiency | Green Bonds | |||
Leading data center purchaser of renewable energy
- 1.4 GW contracted renewable capacity
- 100% renewable for European properties and N. Am. productized colocation portfolio
- 126+ sites 100% renewable including New Jersey, Texas, San Francisco, and Sydney markets
More green building certified IT capacity than any other data center provider
- 1.1 GW-IT global operating portfolio has a sustainable building certification
- 59% of certifications are gold level and above
- 158 MW-IT certified in the past year
More energy star certifications than any other data center provider
- ENERGY STAR Partner of the Year; 64% of U.S. operating portfolio ENERGY STAR certified
- Awarded SEAA's "Green Innovations: Water Solutions" in Singapore
- Top 10 in the U.S. EPA Green Power Partnership
- 7% reduction in water use intensity since 2020
- Expanded HVO diesel to 20 Global Sites and 15% of our global portfolio by IT capacity
Leading the data center industry in green bonds
- $6.4B in aggregate principal amount of green bonds issued
- Fully allocated all green bond funds to sustainable projects
- Executed first data center industry green bond
Note: As of March 31, 2024. | 1Q24 Financial Results 7 |
Serving a Social Purpose
Delivering Growth for All Stakeholders
Social
Newsweek's America's Most
Responsible Companies of 2023
Top 100 ranking on JUST Capital
America's Most JUST Companies
12 philanthropic organizations supported as part of 'Giving Tuesday' campaign
Demonstrated commitment to Diversity, Equity & Inclusion: established five employee resource groups & signed CEO Action Pledge for Diversity and Inclusion
Governance | |
Susan Swanezy added to the Board of | |
2024 | Directors |
Enhanced Board diversity to 44% female | |
or ethnically diverse | |
2023 | Aligned ownership requirements to |
amend bylaws consistent with SEC | |
standard | |
2022 | Appointed Mary Hogan Preusse as |
Chair of the Board, which aligns with | |
our commitment to strong governance | |
Formalized oversight of ESG by the | |
2021 | Nominating & Corporate |
Governance Committee; |
Signatory to the UN Global Compact
1Q24 Financial Results 8
1Q24 Financial Results
1Q24 Financial Results 9
AI Spurs Demand for Large Capacity Blocks
Strong and Steady Leasing for 0-1MW + IX
- Record Quarter of $252M Bookings
- Record High >1 MW average leasing rate
HISTORICAL BOOKINGS
ANNUALIZED GAAP BASE RENT $ in millions
$240
$180
$120
$60
$0 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
1Q24 BOOKINGS
0-1 MW | INTERCONNECTION | >1 MW | OTHER(1) | TOTAL BOOKINGS |
$40.0 mm | $13.2 mm | $198.2 mm | $0.7 mm | |
$252.2 mm | ||||
16% of total bookings | 5% of total bookings | 79% of total bookings | 0.3% of total bookings | |
Note: Totals may not add up due to rounding. Digital Realty revised its reporting categories in 2Q 2020. For prior periods, "0-1 MW" includes Colocation, ">1 MW" includes Turn-Key Flex, "Other" includes Power Base Building and Non-Technical. "Interconnection" is unchanged.
1) Other includes Powered Base Building® shell capacity as well as storage and office space within fully improved data center facilities.
1Q24 Financial Results 10
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Digital Realty Trust Inc. published this content on 02 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2024 20:59:09 UTC.