Digital Realty Trust, Inc.

NYSE-DLR

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Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Income	1,153.3	225.8	362.5	765.8	184.5	239.6
Net Income
Depreciation & Amortization	904.2	915.4	856.4	841.1	853.8	818.8
Depreciation and Amortization of Buildings and Improvements, Tenant Improvements and Acquired Ground Leases
Amortization of Customer Relationship Value, Acquired in-Place Lease Value and Deferred Leasing Costs
Depreciation and Amortization
Share-Based Compensation Expense	45.9	37.6	38.1	45	35.6	51.5
Amortization of Share-Based Compensation
Other Adjustments	-870.1	-77.4	-150.7	-640.2	-62.8	-77.2
Gain on Disposition of Properties, Net
Gain on Lease Termination
Unrealized Gain on Marketable Equity Security
Provision for Impairment
Equity in Income of Unconsolidated Entities
Change in Fair Value of Accrued Contingent Consideration
Distributions from Unconsolidated Entities
Write-Off Due to Early Lease Terminations
Non-Cash Amortization of Terminated Swaps
Amortization of Deferred Financing Costs
Gain on Debt Extinguishment and Modifications
Amortization of Debt Discount/Premium
Straight-Lined Rents and Amortization of Above and Below Market Leases
Amortization of Deferred Financing Costs and Debt Discount / Premium
Changes in Trade Receivables	-240.7	-98.6	-243.5	105.7	-261	-24.1
Accounts and Other Receivables
Change in Accounts Receivable and Other Assets
Changes in Accounts Payable	39.9	306	60.7	-292	67.6	5
Accounts Payable and Other Accrued Liabilities
Accounts Payable, Operating Lease Liabilities and Other Accrued Liabilities
Change in Accounts Payable and Other Liabilities
Changes in Income Taxes Payable	—	—	—	—	—	—
Deferred Tax Liability, Net
Changes in Other Operating Activities	7.8	27.2	2	-4.8	-3.5	-62.2
Change in Restricted Cash
Deferred Rent
Deferred Leasing Costs
Change in Other Assets
Security Deposits and Prepaid Rents
Allowance for Doubtful Accounts
Other Operating Activities, Net
Cash from Operating Activities	1,040.3	1,336	925.5	820.7	814.1	875.8
Net Cash Provided by Operating Activities

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Capital Expenditure	-1,491.6	-1,516.9	-1,314.8	-2,156.9	-1,368.7	-1,576.1
Improvements to Investments in Real Estate
Prepaid Construction Costs and Other Investments
Proceeds from Sale of Property, Plant & Equipment	1,077.4	524.3	1,240.6	2,469	150.8	271.6
Proceeds from Sale of Assets
Purchases of Investments	-215.3	-152.3	-163.3	-340.3	3.8	-299.4
Investments in and Advances to Unconsolidated Entities
Proceeds from Sale of Investments	148.1	2.4	97.4	242	—	203.3
Proceeds from Unconsolidated Entities, Net
Return of Investment from Unconsolidated Entities
Payments for Business Acquisitions	-217.9	-438.1	-69.9	5.9	-58.2	-1,833
Telx Acquisition, Net of Cash Acquired
Cash Paid for Acquisitions
Cash Paid for Business Combination / Asset Acquisitions, Net of Cash Acquired
Proceeds from Business Divestments	—	—	—	—	—	—
Proceeds from Joint Ventures Transactions
Other Investing Activities	-42.5	-50.3	-65.2	-55.8	-6.7	-37.9
Deconsolidation of Ascenty Cash
Cash Assumed in Business Combinations
Excess Proceeds from Forward Contract Settlement
Receipt of Value Added Tax Refund
Refundable Value Added Tax Paid
Change in Restricted Cash
Improvement Advances to Tenants
Collection of Advances from Tenants for Improvements
Excess Proceeds from Forward Contracts
Distribution of Debt Proceeds from Closing of Joint Venture
Other Investing Activities, Net
Cash from Investing Activities	-741.8	-1,630.9	-275.2	163.9	-1,279	-3,271.6
Net Cash Provided by Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Issuance of Short-Term Debt	821.5	920.4	716	1,362.2	1,508.7	5,510.3
Proceeds from Credit Facilities
Repayments of Short-Term Debt	-1,958.6	-1,098.7	-616.3	-1,852	-1,441.6	-3,820.1
Payments on Credit Facilities
Net Issuance / (Repayments) of Short-Term Debt	-1,137	-178.3	99.7	-489.8	67	1,690.2
Issuance of Long-Term Debt	1,868.9	2,188	47	62.9	806.2	1,665.6
Borrowings on Unsecured Term Loan
Borrowings on Secured / Unsecured Debt
Borrowings on Unsecured Senior Notes
Borrowings on Secured Debt
Repayments of Long-Term Debt	-495.8	-1,241.6	-877.4	-108.9	-3.1	-585.8
Repayments on Unsecured Term Loan
Repayments on Unsecured Term Loans
Repayments on Unsecured Senior Notes
Principal Payments on Unsecured Senior Notes
Principal Payments on Secured Debt
Repayments on Secured / Unsecured Debt
Principal Payments on Mortgage Loans
Repayments on Other Secured Loans
Net Issuance / (Repayments) of Long-Term Debt	1,373.1	946.5	-830.5	-46	803.1	1,079.7
Issuance of Common Shares	605.2	1,726.8	1,924	1,465	742.2	928.4
Proceeds from Issuance of Common Stock, Net
Proceeds from Equity Plans
Repurchases of Common Shares	—	—	—	—	—	—
Taxes Paid Related to Net Settlement of Stock-Based Compensation Awards
Net Issuance / (Repurchases) of Common Shares	605.2	1,726.8	1,924	1,465	742.2	928.4
Repurchases of Preferred Shares	—	—	—	—	—	—
Redemption of Preferred Stock
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—	—
Common Share Dividends Paid	-1,281.9	-428.9	-1,204.3	-398.7	-1,122	-379.3
Payment of Dividends to Common Stockholders and Distributions to Noncontrolling Interests in Operating Partnership
Payments of Dividends and Distributions
Preferred Share Dividends Paid	—	—	—	—	—	—
Payment of Dividends to Preferred Stockholders
Other Financing Activities	-21.5	-50.1	58.7	-51.4	-6.1	-933.4
Net Proceeds from Credit Facilities
Earnout Payments Related to Acquisitions
Change in Restricted Cash
Payment of Loan Fees and Costs
Capital Distributions to Noncontrolling Interests in Consolidated Joint Ventures
Capital Distributions Paid to Noncontrolling Interests in Consolidated Joint Ventures, Net
Premium Paid for Early Extinguishment of Debt
Capital Contributions from Noncontrolling Interests, Net
Common and Preferred Stock Offering Costs Paid, Net
Proceeds from Forward Swap Contract
Other Financing Activities, Net
Cash from Financing Activities	-462.2	2,015.9	47.6	479.1	484.3	2,336.1
Net Cash Provided by Financing Activities

Free Cash Flow	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Free Cash Flow	-451.3	-181	-389.3	-1,336.3	-554.5	-700.3
NOPAT	397.1	290.3	144.4	183.2	275.9	276.2
Levered Free Cash Flow	818.1	720.2	-785.1	-1,406.9	585.9	2,176.2
Unlevered Free Cash Flow	-142.6	22	-251.3	-1,429.4	-174.8	-538.2
Net Change in Cash	-163.7	1,720.9	697.9	1,463.7	19.4	-59.7