Digital Realty Announces Pricing Of 9.0 Million Shares Of 5.875% Series G Cumulative Redeemable Preferred Stock

  Digital Realty Announces Pricing Of 9.0 Million Shares Of 5.875% Series G
                    Cumulative Redeemable Preferred Stock

PR Newswire

SAN FRANCISCO, April 2, 2013

SAN FRANCISCO, April 2, 2013 /PRNewswire/ -- Digital Realty Trust, Inc. (the
"Company" or "Digital Realty") (NYSE: DLR) today announced the pricing of an
underwritten public offering of 9.0 million shares of 5.875% Series G
Cumulative Redeemable Preferred Stock at a price of $25.00 per share for gross
proceeds of $225.0 million. The offering is expected to close on April 9,
2013, subject to closing conditions. The Company has granted the underwriters
a 30-day option to purchase up to an additional 1.35 million shares of its
5.875% Series G Cumulative Redeemable Preferred Stock to cover
over-allotments, if any. The Company intends to apply to list the shares on
the New York Stock Exchange.

The Company intends to contribute the net proceeds from this offering to its
operating partnership, Digital Realty Trust, L.P., which will subsequently use
the net proceeds received from the Company to temporarily repay borrowings
under its global revolving credit facility, to acquire additional properties,
to fund development opportunities, for general corporate purposes, including
potentially for the repurchase, redemption or retirement of outstanding debt
or preferred equity securities, or a combination of the foregoing. The
offering is being made pursuant to an effective shelf registration statement,
prospectus and related prospectus supplement filed by the Company with the
Securities and Exchange Commission.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC
and Wells Fargo Securities, LLC are the joint book-running managers for the

A copy of the prospectus supplement and prospectus relating to these
securities may be obtained, when available, by contacting Merrill Lynch,
Pierce, Fenner & Smith Incorporated, 222 Broadway, New York, NY 10038,
Attention: Prospectus Department (email:;
Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York
10014, Attention: Prospectus Department (telephone: 1-866-718-1649 or email:; or Wells Fargo Securities, LLC, 1525 West W.T.
Harris Blvd., NC0675, Charlotte, NC 28262, Attention: Capital Markets Client
Support, (telephone: 1-800-326-5897 or email:

This press release is for informational purposes only and is not an offer to
sell or the solicitation of an offer to buy with respect to any securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful.
The offering is not being made in any jurisdiction in which the making or
acceptance thereof would not be in compliance with the securities, blue sky or
other laws of such jurisdiction.

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 119 properties,
excluding three properties held as investments in unconsolidated joint
ventures, comprise approximately 22.2 million square feet as of February 28,
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.

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
completion and timing of the offering, the intended use of proceeds from the
offering and the intended listing of the shares on the New York Stock
Exchange. 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 developed properties or
businesses; the suitability of our properties and data center infrastructure,
delays or disruptions in connectivity, failure of our physical infrastructure
or services or availability of power; risks related to joint venture
investments, including as a result of our lack of control of such investments;
delays or unexpected costs in development 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 development; 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 for federal income tax purposes; 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, 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.

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