Financials Digital Realty Trust, Inc.

Equities

DLR

US2538681030

Specialized REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-10-09 pm EDT			5-day change	1st Jan Change
159.13 ^USD	+0.54%		-0.29%	+18.24%

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Projected Income Statement: Digital Realty Trust, Inc.

Fiscal Period: Dicembre	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,209	3,904	4,428	4,692	5,477	5,574	6,083	6,761
Change	-	21.64%	13.43%	5.96%	16.74%	1.77%	9.14%	11.14%
EBITDA ¹	1,887	2,187	2,412	2,473	2,750	2,871	3,133	3,529
Change	-	15.92%	10.28%	2.53%	11.21%	4.41%	9.11%	12.66%
EBIT ¹	594.2	557.5	694	590	524.5	640.6	1,043	1,263
Change	-	-6.17%	24.48%	-14.99%	-11.1%	22.14%	62.84%	21.11%
Interest Paid ¹	-353.1	-333	-293.8	-299.1	-437.7	-441.5	-491.7	-580.1
Earnings before Tax (EBT) ¹	611.2	400.8	1,820	411.9	1,026	623.4	535.4	688
Change	-	-34.43%	354.16%	-77.37%	149.08%	-39.24%	-14.11%	28.49%
Net income ¹	493	263.3	1,681	337.1	908.1	543.2	430.9	571.8
Change	-	-46.58%	538.51%	-79.95%	169.35%	-40.18%	-20.68%	32.7%
Announcement Date	2/13/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	806.5	787.5	823.3	993	1,025	1,063	1,090	1,093	1,133	1,111	1,127	1,139	1,192	1,233	1,339	1,366	1,402	1,370	1,331	1,357	1,432	1,448	1,453	1,486	1,522	1,534
Change	-	-2.36%	4.56%	20.61%	3.19%	3.7%	2.61%	0.26%	3.65%	-1.94%	1.45%	1.06%	4.63%	3.44%	8.57%	2.06%	2.65%	-2.34%	-2.81%	1.92%	5.52%	1.17%	0.28%	2.3%	2.4%	0.81%
EBITDA ¹	473.3	461.8	482.1	558.7	568.1	578.2	615.3	602.7	610.1	583.7	603	611	619.8	639	667.8	696.6	685.9	699.5	710.6	726.9	715.4	731.2	740.7	756.2	767.1	791.5
Change	-	-2.44%	4.39%	15.89%	1.68%	1.78%	6.43%	-2.05%	1.23%	-4.32%	3.3%	1.33%	1.44%	3.1%	4.51%	4.31%	-1.53%	1.98%	1.58%	2.3%	-1.58%	2.21%	1.3%	2.1%	1.44%	3.18%
EBIT ¹	164.8	138.9	100	152.8	144.4	160.3	192.5	185.6	184.4	131.5	141.2	170.4	157.4	121	177.3	154.9	58.23	134	149.4	9.889	218.7	235.4	257.8	267.9	257	274.3
Change	-	-15.68%	-27.99%	52.74%	-5.5%	10.98%	20.13%	-3.58%	-0.68%	-28.68%	7.41%	20.63%	-7.62%	-23.13%	46.58%	-12.67%	-62.4%	130.18%	11.44%	-93.38%	2,111.07%	7.68%	9.5%	3.92%	-4.07%	6.75%
Charge d'intérêts ¹	-84.57	-80.88	-85.8	-79.87	-89.5	-77.85	-75.65	-75.01	-71.42	-71.76	-66.72	-69.02	-76.5	-86.88	-102.2	-111.1	-110.8	-113.6	-109.5	-114.8	-109	-110.1	-116.5	-125.7	-132.7	-138
Earnings before Tax (EBT) ¹	72.4	347.6	236.5	87.47	14.6	62.83	402.2	173.4	150.3	1,095	141.3	80.27	258.4	-16.91	90.29	131.8	763.2	40.61	310.2	89.66	106.5	116.6	-	-	-	-
Change	-	380.1%	-31.96%	-63.02%	-83.31%	330.33%	540.15%	-56.89%	-13.34%	628.56%	-87.09%	-43.19%	221.88%	-	-	45.99%	478.95%	-94.68%	664.01%	-71.1%	18.8%	9.43%	-100%	-	-	-
Net income ¹	49.83	315.6	202.9	53.68	-37.37	44.18	372.4	127.4	124.1	1,058	63.1	53.24	226.9	-6.093	58.55	108	723.4	18.12	271.3	70.04	81.96	91.84	133.1	118.1	123.9	115.3
Change	-	533.35%	-35.72%	-73.54%	-	-	742.96%	-65.8%	-2.57%	752.27%	-94.03%	-15.62%	326.13%	-	-	84.47%	569.83%	-97.5%	1,397.22%	-74.19%	17.02%	12.06%	44.96%	-11.27%	4.84%	-6.92%
Announcement Date	10/29/19	2/13/20	5/7/20	7/30/20	10/29/20	2/11/21	4/29/21	7/29/21	10/26/21	2/17/22	4/28/22	7/28/22	10/26/22	2/16/23	4/27/23	7/27/23	10/26/23	2/15/24	5/2/24	7/25/24	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Digital Realty Trust, Inc.

balance-sheet-analysis-chart DIGITAL-REALTY-TRUST-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	10,033	13,196	13,306	16,455	15,800	15,673	17,163	18,254
Change	-	31.53%	0.83%	23.67%	-3.98%	-0.81%	9.51%	6.36%
Announcement Date	2/13/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Digital Realty Trust, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	1,350	1,963	2,521	2,643	3,310	2,684	2,741	2,616
Change	-	45.41%	28.4%	4.85%	25.22%	-18.91%	2.13%	-4.54%
Free Cash Flow (FCF) ¹	1,239	-256.7	-818.5	-3,040	519.7	2,249	2,401	-
Change	-	-120.72%	218.86%	271.39%	-117.09%	332.77%	6.77%	-100%
Announcement Date	2/13/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Digital Realty Trust, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	58.79%	56.02%	54.47%	52.7%	50.21%	51.51%	51.5%	52.2%
EBIT Margin (%)	18.52%	14.28%	15.67%	12.57%	9.58%	11.49%	17.15%	18.69%
EBT Margin (%)	19.05%	10.27%	41.11%	8.78%	18.73%	11.18%	8.8%	10.18%
Net margin (%)	15.36%	6.75%	37.98%	7.19%	16.58%	9.75%	7.08%	8.46%
FCF margin (%)	38.6%	-6.58%	-18.49%	-64.79%	9.49%	40.35%	39.47%	-
FCF / Net Income (%)	251.28%	-97.48%	-48.68%	-901.69%	57.23%	414.01%	557.27%	-
Profitability
ROA	1%	0.79%	4.64%	0.79%	2.12%	1.38%	1.03%	1.68%
ROE	2.37%	1.68%	9.41%	1.73%	4.95%	2.76%	2.19%	3.17%
Financial Health
Leverage (Debt/EBITDA)	5.32x	6.03x	5.52x	6.65x	5.75x	5.46x	5.48x	5.17x
Debt / Free cash flow	8.1x	-51.4x	-16.26x	-5.41x	30.4x	6.97x	7.15x	-
Capital Intensity
CAPEX / Current Assets (%)	42.07%	50.29%	56.93%	56.33%	60.43%	48.15%	45.06%	38.7%
CAPEX / EBITDA (%)	71.56%	89.77%	104.52%	106.89%	120.36%	93.47%	87.49%	74.14%
CAPEX / FCF (%)	108.99%	-764.77%	-307.96%	-86.94%	636.87%	119.33%	114.15%	-
Items per share
Cash flow per share ¹	7.226	6.501	6.01	5.57	5.289	6.213	7.118	7.701
Change	-	-10.05%	-7.54%	-7.33%	-5.04%	17.46%	14.57%	8.19%
Dividend per Share ¹	4.32	4.48	4.64	4.88	4.88	4.889	5.016	5.2
Change	-	3.7%	3.57%	5.17%	0%	0.19%	2.59%	3.65%
Book Value Per Share ¹	47.29	70.27	63.3	60.39	64.02	63.72	60.61	59.14
Change	-	48.58%	-9.91%	-4.6%	6.01%	-0.47%	-4.88%	-2.43%
EPS ¹	2.35	1	5.94	1.13	3	1.634	1.317	1.782
Change	-	-57.45%	494%	-80.98%	165.49%	-45.52%	-19.4%	35.3%
Nbr of stocks (in thousands)	208,720	280,165	283,787	287,522	302,852	327,411	327,411	327,411
Announcement Date	2/13/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-	-