Digital Realty Announces Pricing of Reopening of 2.0 Million Shares of 7.375% Series H Cumulative Redeemable Preferred Stock

Digital Realty Announces Pricing of Reopening of 2.0 Million Shares of 7.375%
                Series H Cumulative Redeemable Preferred Stock

PR Newswire

SAN FRANCISCO, April 3, 2014

SAN FRANCISCO, April 3, 2014 /PRNewswire/ -- Digital Realty Trust, Inc. (the
"Company" or "Digital Realty") (NYSE: DLR) today announced the pricing, in an
underwritten public offering, of a reopening of 2.0 million shares of 7.375%
Series H Cumulative Redeemable Preferred Stock at a price of $25.00 per share
for gross proceeds of $50.0 million. The offering, which priced on April 2,
2014, is expected to close on April 7, 2014, subject to closing conditions.

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
filed by the Company with the Securities and Exchange Commission and only by
means of a prospectus and related prospectus supplement.

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

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, Attn:
Prospectus Department (email: dg.prospectus_requests@baml.com),
1-800-294-1322; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New
York, New York 10014, Attention: Prospectus Department (telephone:
1-866-718-1649 or email: prospectus@morganstanley.com); 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: cmclientsupport@wellsfargo.com).

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 financial services, cloud and information technology
services, to manufacturing, energy, health care and consumer products. Digital
Realty's 131 properties, including 12 properties held as investments in
unconsolidated joint ventures, comprised approximately 24.5 million square
feet as of December 31, 2013, including approximately 1.8 million square feet
of space under active development and 1.3 million square feet of space held
for future development. Digital Realty's portfolio is located in 33 markets
throughout North America, Europe, 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 and the intended use of proceeds from
the offering. These risks and uncertainties include, among others, the
following: the impact of current global economic, credit and market
conditions; 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; 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, increased
operating costs or increased vacancy rates; increased competition or available
supply of data center space; our inability to successfully develop and lease
new properties and development space; 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, as
amended, for the year ended December 31, 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
Interim Chief Executive Officer,                    Senior Vice President
Chief Financial Officer and Chief Investment        Investor Relations
Officer
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
 
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