SAN FRANCISCO-Digital Realty Trust, Inc., a leading global provider of data center solutions, today announced financial results for the second quarter of 2013. All per share results are on a diluted share and unit basis.

Highlights:

-- Reported FFO of $1.22 per share for the second quarter of 2013, up 11.9%
from $1.09 per share for the second quarter of 2012. Excluding certain
items that do not represent core expenses or revenue streams in each
quarter, second quarter 2013 core FFO was $1.19 per share, up 11.2% from
second quarter 2012 core FFO of $1.07 per share;
-- Reported net income for the second quarter of 2013 of $59.6 million and
net income available to common stockholders of $47.1 million, or $0.37
per share, compared to $0.38 per share for the second quarter of 2012;
-- Acquired two properties totaling nearly 354,000 square feet and a
three-acre land site for a total purchase price of approximately $39.4
million;
-- Since the end of the first quarter, signed leases totaling $35.6 million
in annualized GAAP rental revenue, which includes over $16.0 million in
annualized GAAP rental revenue of new lease signings in the second
quarter of 2013 and an additional $19.6 million in annualized GAAP
rental revenue of new lease signings in July;
-- Commenced leases during the second quarter of 2013 totaling
approximately $24.6 million of annualized GAAP rental revenue;
-- Completed the sale of 10.0 million shares of 5.875% Series G Cumulative
Redeemable Preferred Stock, including the partial exercise of the
underwriters' over-allotment option, raising net proceeds of
approximately $241.6 million; and
-- Raised 2013 FFO guidance range to $4.73 to $4.82 per share and narrowed
2013 core FFO guidance to $4.74 to $4.83 per share.

“We are very pleased with our operating performance and second quarter financial results,” said Michael Foust, CEOof Digital Realty. “Our leasing volume and pipeline remain robust despite some lease agreements that we expected to sign in the second quarter ultimately being completed in July. We are encouraged by the notably strong rental rates we are seeing across the portfolio for new Turn-Key Flex leases and renewals. We also continue to see strong demand for multi-megawatt, multi-site requirements from our larger enterprise clients, and are positioned to leverage our unique position in the market to capture those opportunities. We remain confident that our operational expertise, scale, global footprint and financial resources continue to enable us to execute on our strategic plan and enhance shareholder value.”

Leasing Activity: Since the end of the first quarter, the Company signed leases totaling $35.6 million in annualized GAAP rental revenue, which includes over $16.0 million in annualized GAAP rental revenue of new lease signings in the second quarter of 2013 and an additional $19.5 million in annualized GAAP rental revenue of new lease signings in July.
Acquisitions Activity: In April 2013, the Company acquired a three-acre land site in London for a previously signed built-to-suit agreement for a purchase price of $3.6 million. In May 2013, the Company also acquired a six-building portfolio consisting of operating data centers and flex office space totaling 337,000 square feet in Austin, Texas for a purchase price of $31.9 million. Two of the six buildings, totaling approximately 100,000 net rentable square feet, are operating data centers that are 100% leased to three tenants. The remaining four properties consist of flex office space. As of June 30, 2013, the Company's portfolio comprised 127 properties, including three properties held in unconsolidated joint ventures, consisting of 187 buildings totaling approximately 23.7 million net rentable square feet, including 2.8 million square feet of space held for development. The portfolio is strategically located in 32 key data center markets throughout North America, Europe, Asia and Australia.

Digital Realty Trust, Inc., San Francisco, 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 127 properties, including three properties held as investments in unconsolidated joint ventures, comprise approximately 23.7 million square feet as of June 30, 2013, including 2.8 million square feet of space held for development. Digital Realty's portfolio is located in 32 markets throughout North America, Europe, Asia and Australia.

Instant Insights /

Digital Realty Trust Reports Significant Second Quarter Revenue Jumps

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