Digital Realty Announces Leasing Results For The First Quarter Of 2012

SAN FRANCISCO, April 19, 2012 /PRNewswire/ — Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center solutions, today announced leasing results for the first quarter 2012.

The Company signed leases during the quarter ended March 31, 2012 totaling over $18.2 million of annualized GAAP rental revenue, including over $1.0 million of colocation revenue.  Leases signed totaled over 148,000 square feet, consisting of approximately 94,000 square feet of Turn-Key Datacenter® space leased at an average annual GAAP rental rate of $163.00 per square foot, approximately 47,000 square feet of Powered Base Building® space leased at an average annual GAAP rental rate of $26.00 per square foot, and over 7,000 square feet of non-technical space leased at an average annual GAAP rental rate of $27.00 per square foot.

“Our first quarter results are in line with our expectations.  Markets that experienced the highest level of activity during the quarter included Dallas, San Francisco, Northern Virginia, Los Angeles, Boston, Phoenix, London, Singapore and Hong Kong – in line with our capital deployment and development activity,” said Michael F. Foust, Chief Executive Officer of Digital Realty.  “Lease signings tend to be cyclical and these results are consistent, on average, with previous first quarters in terms of aggregate annualized GAAP rental revenue. Furthermore, our pipeline of prospects is very strong across our major markets throughout the U.S., Europe and Asia Pacific.”

Of the total leases signed during the first quarter 2012, over 124,000 square feet was for space located in the Company’s U.S. portfolio.  This includes approximately 71,000 square feet of Turn-Key Datacenter space leased at an average annual GAAP rental rate of $136.00 per square foot, approximately 47,000 square feet of Powered Base Building space leased at an average annual GAAP rental rate of $26.00 per square foot, and over 6,000 square feet of non-technical space leased at an average annual GAAP rental rate of $20.00 per square foot.

Leases signed during the first quarter of 2012 for space in the Company’s European portfolio totaled approximately 8,000 square feet of Turn-Key Datacenter space leased at an average annual GAAP rental rate of $237.00 per square foot and over 500 square feet of non-technical space leased at an average annual GAAP rental rate of $70.00 per square foot.

Leases signed during the first quarter of 2012 for space in the Company’s Asia Pacific portfolio totaled  over 15,000 square feet of Turn-Key Datacenter space leased at an average annual GAAP rental rate of $251.00 per square foot and 500 square feet of non-technical space leased at an average annual GAAP rental rate of $81.00 per square foot.

For the quarter ended March 31, 2012, the Company commenced leases totaling over $25.8 million of annualized GAAP rental revenue, including approximately $1.9 million of colocation revenue.  Commenced leases totaled approximately 160,000 square feet, consisting of over 99,000 square feet of Turn-Key Datacenter space leased at an average annual GAAP rental rate of approximately $177.00 per square foot, approximately 53,000 square feet of Powered Base Building space leased at an average annual GAAP rental rate of approximately $108.00 per square foot, and over 7,000 square feet of non-technical space leased at an average annual GAAP rental rate of approximately $25.00 per square foot.

About Digital Realty Trust, Inc.
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 102 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 19.1 million square feet as of February 27, 2012, including 2.4 million square feet of space held for redevelopment. Digital Realty’s portfolio is located in 31 markets throughout Europe, North America, Singapore 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.

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