Digital Realty Trust Announces Conversion of 5.500% Series D Cumulative Convertible Preferred Stock

   Digital Realty Trust Announces Conversion of 5.500% Series D Cumulative
                         Convertible Preferred Stock

PR Newswire

SAN FRANCISCO, Feb. 19, 2013

SAN FRANCISCO, Feb. 19, 2013 /PRNewswire/ --Digital Realty Trust, Inc. (the
"Company" or "Digital Realty") (NYSE: DLR) today announced that the Company
has elected to convert all outstanding shares of its 5.500% Series D
Cumulative Convertible Preferred Stock ("Series D Preferred Stock") into
shares of common stock in accordance with the terms of the Series D Preferred
Stock. As of February 15, 2013, there were 4,802,180 shares of Series D
Preferred Stock outstanding.

The conversion will take place and be effective on February 26, 2013 (the
"Conversion Date").

On the Conversion Date, each share of Series D Preferred Stock will convert
into 0.6360 shares of common stock of the Company (the "Common Stock"). The
Company will not issue fractional shares of Common Stock upon the conversion
of shares of the Series D Preferred Stock. Instead, the Company will pay the
value of such fractional shares in cash in an amount equal to the fractional
interest multiplied by the closing sale price per share of the Common Stock on
the New York Stock Exchange on February 25, 2013, the trading day immediately
prior to the Conversion Date.

This conversion is being made at the Company's option pursuant to Section 8(c)
of the Articles Supplementary establishing and fixing the rights and
preferences of the Series D Preferred Stock. Pursuant to the terms of the
Articles Supplementary governing the Series D Preferred Stock, the holders of
shares of Series D Preferred Stock will not be entitled to receive any portion
of the dividend accruing on the converted shares from December 31, 2012, which
was the last dividend payment date, through the Conversion Date of February
26, 2013. On and after the Conversion Date, the only remaining rights of the
holders of the shares of Series D Preferred Stock will be to receive 0.6360
shares of Common Stock per $25.00 liquidation preference and payment for any
fractional interests.

On or before the Conversion Date, all funds necessary for payment for any
fractional shares will have been irrevocably set aside by the Company,
separate and apart from other funds, in trust for the benefit of the holders
of the shares of Series D Preferred Stock. Notice of the conversion will be
delivered to The Depository Trust and Clearing Corporation on or about
February 19, 2013. The holders of the shares of Series D Preferred Stock are
advised that American Stock Transfer & Trust Company, LLC (the "Conversion
Agent") may withhold a portion of the amount payable for any fractional
interest to any holder who has not previously furnished the Conversion Agent
with certification establishing an exemption from or reduction in withholding.
Accordingly, each holder who has not already done so is urged to execute and
deliver an Internal Revenue Service Form W-9, an applicable Internal Revenue
Service Form W-8 or other applicable form with its shares of Series D
Preferred Stock in order to receive full payment for the fractional shares.

Any funds deposited by the Company with the Conversion Agent to pay the
fractional interests which are unclaimed at the expiration of two years from
the Conversion Date will be repaid, together with any interest or other
earnings thereon, to the Company and, after any such repayment, the holders of
the shares of Series D Preferred Stock entitled to the funds so repaid to the
Company shall look only to the Company for payment without interest or other
earnings thereon.

Questions and requests for assistance may be directed to the Conversion Agent
at (877) 248-6417 or (718) 921-8317.

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 117 properties,
excluding three properties held as investments in unconsolidated joint
ventures, comprise approximately 21.9 million square feet as of February 15,
2013, including 2.4 million square feet of space held for development. 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

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. Such forward-looking statements include statements related to the
conversion of our Series D Preferred Stock. 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
Chief Investment Officer    and Corporate Marketing
Digital Realty Trust, Inc.  Digital Realty Trust, Inc.
+1 (415) 738-6500           +1 (415) 738-6500

SOURCE Digital Realty Trust, Inc.

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