Digital Realty Trust Files Q2 2024 10-Q

TL;DR

**DLR Q2 10-Q FILED: Financials and operations update for investors.**

AI Summary

Digital Realty Trust, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial performance and operational status. Key financial data and disclosures relevant to investors are presented in this report.

Why It Matters

This filing provides investors with crucial financial and operational insights into Digital Realty Trust's performance during the second quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new, immediate risks.

Key Numbers

• 20240630 — Period End Date (Indicates the end of the reporting quarter.)
• 20240802 — Filing Date (Date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Digital Realty Trust, Inc. (company) — Filer of the 10-Q
• Digital Realty Trust, L.P. (company) — Related entity
• 20240630 (date) — Period of report

FAQ

Key Financial Figures

• $3.75 billion — " refers to our Operating Partnership's $3.75 billion senior unsecured revolving credit facil
• $207 million — nership's 33,285,000,000 (approximately $207 million based on exchange rates at June 30, 202
• $740 million — " refers to a term loan agreement for a $740 million senior unsecured term loan facility (th

Filing Documents

• dlr-20240630x10q.htm (10-Q) — 5032KB
• dlr-20240630xex10d1.htm (EX-10.1) — 114KB
• dlr-20240630xex31d1.htm (EX-31.1) — 16KB
• dlr-20240630xex31d2.htm (EX-31.2) — 16KB
• dlr-20240630xex31d3.htm (EX-31.3) — 16KB
• dlr-20240630xex31d4.htm (EX-31.4) — 16KB
• dlr-20240630xex32d1.htm (EX-32.1) — 10KB
• dlr-20240630xex32d2.htm (EX-32.2) — 9KB
• dlr-20240630xex32d3.htm (EX-32.3) — 10KB
• dlr-20240630xex32d4.htm (EX-32.4) — 9KB
• 0001558370-24-010734.txt ( ) — 17121KB
• dlr-20240630.xsd (EX-101.SCH) — 97KB
• dlr-20240630_cal.xml (EX-101.CAL) — 93KB
• dlr-20240630_def.xml (EX-101.DEF) — 463KB
• dlr-20240630_lab.xml (EX-101.LAB) — 760KB
• dlr-20240630_pre.xml (EX-101.PRE) — 604KB
• dlr-20240630x10q_htm.xml (XML) — 3473KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 43 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 63 ITEM 4.

Controls and Procedures (Digital Realty Trust, Inc.)

Controls and Procedures (Digital Realty Trust, Inc.) 65

Controls and Procedures (Digital Realty Trust, L.P.)

Controls and Procedures (Digital Realty Trust, L.P.) 66 PART II. OTHER INFORMATION 67 ITEM 1.

Legal Proceedings

Legal Proceedings 67 ITEM 1A.

Risk Factors

Risk Factors 67 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 67 ITEM 3. Defaults Upon Senior Securities 67 ITEM 4. Mine Safety Disclosures 67 ITEM 5. Other Information 67 ITEM 6. Exhibits 68

Signatures

Signatures 69 4 Table of Contents DIGITAL REALTY TRUST, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited, in thousands, except per share data) June 30, December 31, 2024 2023 ASSETS Investments in real estate: Investments in properties, net $ 23,937,514 $ 24,236,088 Investments in unconsolidated entities 2,332,698 2,295,889 Net investments in real estate 26,270,212 26,531,977 Operating lease right-of-use assets, net 1,211,003 1,414,256 Cash and cash equivalents 2,282,062 1,625,495 Accounts and other receivables, net 1,222,403 1,278,110 Deferred rent, net 613,749 624,427 Goodwill 9,128,811 9,239,871 Customer relationship value, deferred leasing costs and other intangibles, net 2,315,143 2,500,237 Assets held for sale — 478,503 Other assets 563,500 420,382 Total assets $ 43,606,883 $ 44,113,258 LIABILITIES AND EQUITY Global revolving credit facilities, net $ 1,848,167 $ 1,812,287 Unsecured term loans, net 1,297,893 1,560,305 Unsecured senior notes, net of discount 12,507,551 13,422,342 Secured and other debt, net of discount 686,135 630,973 Operating lease liabilities 1,336,839 1,542,094 Accounts payable and other accrued liabilities 1,973,798 2,168,984 Deferred tax liabilities, net 1,132,090 1,151,096 Accrued dividends and distributions — 387,988 Security deposits and prepaid rents 416,705 401,867 Obligations associated with assets held for sale — 39,001 Total liabilities 21,199,178 23,116,937 Redeemable noncontrolling interests 1,399,889 1,394,814 Commitments and contingencies Equity: Stockholders' Equity: Preferred Stock: $ 0.01 par value per share, 110,000 shares authorized; $ 755,000 liquidation preference ( $ 25.00 per share), 30,200 shares issued and outstanding as of June 30, 2024 and December 31, 2023 731,690 731,690 Common Stock: $ 0.01 par value p

View Full Filing

View this 10-Q filing on SEC EDGAR