Digital Realty Qualifies for Incentives in the State of Arizona for its Data Center Operations

 Digital Realty Qualifies for Incentives in the State of Arizona for its Data
                              Center Operations

Long-Term Tax Relief Offers Significant Benefit to Digital Realty Clients

PR Newswire

SAN FRANCISCO, Dec. 3, 2013

SAN FRANCISCO, Dec. 3, 2013 /PRNewswire/ --Digital Realty Trust (NYSE: DLR),
a leading global data center solution provider, announced today that its
Arizona data center locations have been certified under the Arizona Computer
Data Center (CDC) program. In addition, Digital Realty's data centers in
Arizona have also met the qualifications for the "Sustainable Redevelopment
Project" exemption, thus doubling the certification benefits period from ten
to twenty years.

"As a result of the State's recent actions, locating a data center in Arizona
has become more attractive than ever for clients seeking enterprise quality
data center space, with robust power and connectivity at an even lower cost of
occupancy," said Matt Miszewski, Senior Vice President, Sales of Digital
Realty.

"Digital Realty is pleased to offer these landmark economic benefits to our
data center clients in the State of Arizona," said Michael Foust, Chief
Executive Officer of Digital Realty. "Those who partner with us will be able
to take advantage of substantial long-term tax savings and overall cost
reductions in their data center operations and investments in Arizona."

Under the CDC program, Digital Realty and its tenants may qualify for
exemptions from all State, County and local Transaction Privilege Tax (TPT)
and Use taxes on the purchase of all data center equipment. Tenants must
contract for use of at least 500 Kilowatts per month, for a minimum of two
years, to qualify. Jim Grice, a Partner with Lathrop & Gage, LLP, who played
an integral role in the creation of the new CDC program and worked with
Digital Realty on the certification of its Arizona portfolio, explains, "For
Digital Realty's tenants, the new CDC program combined with the additional
depreciation program passed into law in 2012 can create tax savings of 90
percent or more attributable to the purchase and use of data center equipment,
with unlimited server refresh potential over 20 years."

Further details on the Computer Data Center tax exemptions program and the
additional depreciation program can be found at the Arizona Commerce Authority
website: http://www.azcommerce.com/incentives/aca/

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 financial services, cloud and information technology
services, to manufacturing, energy, health care and consumer products. Digital
Realty's 130 properties, including twelve properties held as investments in
unconsolidated joint ventures, comprise approximately 24.0 million square feet
as of September 30, 2013, including 2.8 million square feet of space held for
development. Digital Realty's portfolio is located in 33 markets throughout
North America, Europe, 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 the tax incentives available at
our Arizona data centers and related benefits, including tax savings and cost
reductions for our customers. 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; 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 and Quarterly Reports on
Form 10-Q for the quarters ended March 31, 2013, June 30, 2013 and September
30, 2013. 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            John J. Stewart
Chief Financial Officer and Senior Vice President
Chief Investment Officer    Investor Relations
Digital Realty Trust, Inc.  Digital Realty Trust, Inc.
+1 (415) 738-6500           +1 (415) 738-6500





SOURCE Digital Realty Trust

Website: http://www.digitalrealty.com
 
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