Digital Realty Announces Fourth Quarter And Full Year 2012 Leasing Results

  Digital Realty Announces Fourth Quarter And Full Year 2012 Leasing Results

Full year 2012 commencements generated approximately $134.9 million in
annualized GAAP rental revenue, up 35% over 2011 lease commencements

PR Newswire

SAN FRANCISCO, Jan. 31, 2013

SAN FRANCISCO, Jan. 31, 2013 /PRNewswire/ --Digital Realty Trust, Inc. (NYSE:
DLR), a leading global provider of data center solutions, today announced
leasing results for the fourth quarter and full year 2012.

"The high volume of commencements in the fourth quarter of 2012 drove our
strongest annual performance to date for lease commencements. Furthermore, we
are encouraged by the continued leasing momentum from January 2013 lease
signings that add $18 million in annualized GAAP revenue to our backlog," said
Michael F. Foust, Chief Executive Officer of Digital Realty. "Markets that
experienced the highest level of activity during the year included New York
Metro, Houston, Dallas, Phoenix, Northern Virginia, Singapore and London. In
addition, average annualized GAAP rental rates for new Turn-Key Flex leases
signed in the fourth quarter were up on a global basis as well as in North
America compared to the prior four quarters. We believe this represents
stable pricing for our data center solutions across the majority of our global
markets."

For the quarter ended December 31, 2012, the Company commenced leases totaling
approximately $52.3 million of annualized GAAP rental revenue, including over
$3.9 million of colocation revenue. Commenced leases totaled over 384,000
square feet, including 248,000 square feet of Turn-Key Flex^SM space leased at
an average annual GAAP rental rate of approximately $179.00 per square foot,
approximately 65,000 square feet of Custom Solutions (formerly referred to as
Build-to-Suit) space leased at an average annual GAAP rental rate of over
$39.00 per square foot, 9,000 square feet of Powered Base Building® space at
an average annual GAAP rental rate of approximately $38.00 per square foot,
and over 63,000 square feet of non-technical space leased at an average annual
GAAP rental rate of over $17.00 per square foot.

For the twelve months ended December 31, 2012, the Company commenced leases
totaling over $134.9 million of annualized GAAP rental revenue, including
nearly $8.4 million of colocation revenue. Commenced leases totaled
approximately 997,000 square feet of space, including nearly 611,000 square
feet of Turn-Key Flex space leased at an average annual GAAP rental rate of
$168.00 per square foot, nearly 190,000 square feet of Custom Solutions space
leased at an average annual GAAP rental rate of $80.00 per square foot, over
108,000 square feet of Powered Base Building space leased at an average annual
GAAP rental rate of $65.00 per square foot, and over 88,000 square feet of
non-technical space leased at an average annual GAAP rental rate of $21.00 per
square foot.

The Company signed leases during the quarter ended December 31, 2012 totaling
nearly $28.8 million in annualized GAAP rental revenue, including $3.9 million
of colocation revenue. Leases signed totaled over 247,000 square feet,
including approximately 120,000 square feet of Turn-Key Flex space leased at
an average annual GAAP rental rate of $183.00 per square foot, over 16,000
square feet of Powered Base Building space leased at an average annual GAAP
rental rate of $51.00 per square foot, and over 111,000 square feet of
non-technical space leased at an average annual GAAP rental rate of $20.00 per
square foot.

Of the total leases signed during the fourth quarter of 2012, approximately
217,000 square feet was for space located in the Company's U.S. portfolio,
excluding colocation space. This includes approximately 90,000 square feet of
Turn-Key Flex space leased at an average annual GAAP rental rate of $177.00
per square foot, approximately 16,000 square feet of Powered Base Building
space leased at an average annual GAAP rental rate of $51.00 per square foot
and nearly 111,000 square feet of non-technical space leased at an average
annual GAAP rental rate of $19.00 per square foot.

Leases signed during the fourth quarter of 2012 for space in the Company's
European portfolio totaled over 11,000 square feet of Turn-Key Flex space
leased at an average annual GAAP rental rate of $158.00 per square foot.

Leases signed during the fourth quarter of 2012 for space in the Company's
Asia Pacific portfolio totaled approximately 19,000 square feet of Turn-Key
Flex space leased at an average annual GAAP rental rate of $227.00 per square
foot and 260 square feet of non-technical space leased at an average annual
GAAP rental rate of $83.00 per square foot.

For the twelve months ended December 31, 2012, the Company signed leases
totaling over $105.7 million in annualized GAAP rental revenue, including
nearly $7.3 million in colocation revenue. Leases signed totaled over 849,000
square feet, including over 538,000 square feet of Turn-Key Flex space leased
at an average annual GAAP rental rate of $162.00 per square foot,
approximately 87,000 square feet of Custom Solutions space leased at an
average annual GAAP rental rate of $65.00 per square foot, over 68,000 square
feet of Power Based Building space leased at an average annual GAAP rental
rate of $33.00 per square foot, and over 156,000 square feet of non-technical
space leased at an average annual GAAP rental rate of $22.00 per square foot.

About Digital Realty
Digital Realty Trust, Inc. focuses on delivering customer driven data center
solutions by providing secure, reliable and cost effective facilities that
meet each customer's unique data center needs. Digital Realty's customers
include domestic and international companies across multiple industry
verticals ranging from information technology and Internet enterprises, to
manufacturing and financial services. Digital Realty's 116 properties,
excluding three properties held as investments in unconsolidated joint
ventures, comprise approximately 21.6 million square feet as of December 31,
2012, including 2.1 million square feet of space held for redevelopment.
Digital Realty's portfolio is located in 32 markets throughout Europe, North
America, Asia and Australia. Additional information about Digital Realty is
included in the Company Overview, which is available on the Investors page of
Digital Realty's website at http://www.digitalrealty.com.

Safe Harbor Statement
This press release contains forward-looking statements which are based on
current expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to differ
materially, including statements related to rent from leases that have been
signed but have not yet commenced and other contracted rent to be received in
future periods, and leasing demand and pricing stability across our global
markets. These risks and uncertainties include, among others, the following:
the impact of the recent deterioration in global economic, credit and market
conditions, including the downgrade of the U.S. government's credit rating;
current local economic conditions in our geographic markets; decreases in
information technology spending, including as a result of economic slowdowns
or recession; adverse economic or real estate developments in our industry or
the industry sectors that we sell to (including risks relating to decreasing
real estate valuations and impairment charges); our dependence upon
significant tenants; bankruptcy or insolvency of a major tenant or a
significant number of smaller tenants; defaults on or non-renewal of leases by
tenants; our failure to obtain necessary debt and equity financing; increased
interest rates and operating costs; risks associated with using debt to fund
our business activities, including re-financing and interest rate risks, our
failure to repay debt when due, adverse changes in our credit ratings or our
breach of covenants or other terms contained in our loan facilities and
agreements; financial market fluctuations; changes in foreign currency
exchange rates; our inability to manage our growth effectively; difficulty
acquiring or operating properties in foreign jurisdictions; our failure to
successfully integrate and operate acquired or redeveloped properties or
businesses; risks related to joint venture investments, including as a result
of our lack of control of such investments; delays or unexpected costs in
development or redevelopment of properties; decreased rental rates or
increased vacancy rates; increased competition or available supply of data
center space; our inability to successfully develop and lease new properties
and space held for redevelopment; difficulties in identifying properties to
acquire and completing acquisitions; our inability to acquire off-market
properties; our inability to comply with the rules and regulations applicable
to reporting companies; our failure to maintain our status as a REIT; possible
adverse changes to tax laws; restrictions on our ability to engage in certain
business activities; environmental uncertainties and risks related to natural
disasters; losses in excess of our insurance coverage; changes in foreign laws
and regulations, including those related to taxation and real estate ownership
and operation; and changes in local, state and federal regulatory
requirements, including changes in real estate and zoning laws and increases
in real property tax rates. For a further list and description of such risks
and uncertainties, see the reports and other filings by the Company with the
U.S. Securities and Exchange Commission, including the Company's Annual Report
on Form 10-K for the year ended December 31, 2011 and Quarterly Reports on
Form 10-Q for the quarters ended March 31, 2012, June 30, 2012 and September
30, 2012. The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise.

For Additional Information:
A. William Stein            Pamela M. Garibaldi
Chief Financial Officer and Vice President, Investor Relations and
Chief Investment Officer    Corporate Marketing
Digital Realty Trust, Inc.  Digital Realty Trust, Inc.
+1 (415) 738-6500           +1 (415) 738-6500

SOURCE Digital Realty Trust, Inc.

Website: http://www.digitalrealtytrust.com
Website: http://www.digitalrealty.com