Digital Realty Trust Files Q3 2024 10-Q

Ticker: DLR-PL · Form: 10-Q · Filed: Nov 1, 2024 · CIK: 1297996

Digital Realty Trust, Inc. 10-Q Filing Summary
FieldDetail
CompanyDigital Realty Trust, Inc. (DLR-PL)
Form Type10-Q
Filed DateNov 1, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Key Dollar Amounts$4.2 billion, $296 million, $740 million
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, real-estate, financials

Related Tickers: DLR

TL;DR

**DLR Q3 2024 10-Q FILED - CHECK FINANCIALS & OPERATIONS**

AI Summary

Digital Realty Trust, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and operational updates. Key financial information and business developments are presented for the third quarter of 2024.

Why It Matters

This filing provides investors and analysts with crucial financial data and insights into Digital Realty Trust's performance and strategic direction during the third quarter of 2024.

Risk Assessment

Risk Level: medium — As a real estate investment trust, Digital Realty Trust is subject to market fluctuations, interest rate changes, and operational risks inherent in the data center industry.

Key Numbers

  • Q3 2024 — Quarterly Period (Financial results are reported for this period.)

Key Players & Entities

  • Digital Realty Trust, Inc. (company) — Filer of the 10-Q
  • Digital Realty Trust, L.P. (company) — Related entity
  • 20240930 (date) — Period of report
  • 20241101 (date) — Filing date

FAQ

What is the primary purpose of this 10-Q filing?

This 10-Q filing provides a comprehensive quarterly financial report for Digital Realty Trust, Inc. for the period ending September 30, 2024.

What is the filing date of this 10-Q?

The filing date for this 10-Q is November 1, 2024.

What is the fiscal year end for Digital Realty Trust, Inc.?

The fiscal year end for Digital Realty Trust, Inc. is December 31.

What is the Central Index Key (CIK) for Digital Realty Trust, Inc.?

The CIK for Digital Realty Trust, Inc. is 0001297996.

What SIC code is associated with Digital Realty Trust, Inc.?

The Standard Industrial Classification (SIC) code for Digital Realty Trust, Inc. is 6798, which corresponds to Real Estate Investment Trusts.

Filing Stats: 4,449 words · 18 min read · ~15 pages · Grade level 16.6 · Accepted 2024-11-01 17:01:14

Key Financial Figures

  • $4.2 billion — " refers to our Operating Partnership's $4.2 billion equivalent senior unsecured revolving c
  • $296 million — nership's 42,511,000,000 (approximately $296 million based on exchange rates at September 30
  • $740 million — " refers to a term loan agreement for a $740 million senior unsecured term loan facility (th

Filing Documents

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 66 ITEM 4.

Controls and Procedures (Digital Realty Trust, Inc.)

Controls and Procedures (Digital Realty Trust, Inc.) 67

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

Controls and Procedures (Digital Realty Trust, L.P.) 68 PART II. OTHER INFORMATION 69 ITEM 1.

Legal Proceedings

Legal Proceedings 69 ITEM 1A.

Risk Factors

Risk Factors 69 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 69 ITEM 3. Defaults Upon Senior Securities 69 ITEM 4. Mine Safety Disclosures 69 ITEM 5. Other Information 69 ITEM 6. Exhibits 70

Signatures

Signatures 71 4 Table of Contents DIGITAL REALTY TRUST, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited, in thousands, except per share data) September 30, December 31, 2024 2023 ASSETS Investments in real estate: Investments in properties, net $ 25,230,214 $ 24,236,088 Investments in unconsolidated entities 2,456,448 2,295,889 Net investments in real estate 27,686,662 26,531,977 Operating lease right-of-use assets, net 1,228,507 1,414,256 Cash and cash equivalents 2,175,605 1,625,495 Accounts and other receivables, net 1,274,460 1,278,110 Deferred rent, net 641,778 624,427 Goodwill 9,395,233 9,239,871 Customer relationship value, deferred leasing costs and other intangibles, net 2,367,467 2,500,237 Assets held for sale — 478,503 Other assets 525,679 420,382 Total assets $ 45,295,391 $ 44,113,258 LIABILITIES AND EQUITY Global revolving credit facilities, net $ 1,786,921 $ 1,812,287 Unsecured term loans, net 913,733 1,560,305 Unsecured senior notes, net of discount 13,528,061 13,422,342 Secured and other debt, net of discount 757,831 630,973 Operating lease liabilities 1,343,903 1,542,094 Accounts payable and other accrued liabilities 2,140,763 2,168,984 Deferred tax liabilities, net 1,223,771 1,151,096 Accrued dividends and distributions — 387,988 Security deposits and prepaid rents 423,797 401,867 Obligations associated with assets held for sale — 39,001 Total liabilities 22,118,780 23,116,937 Redeemable noncontrolling interests 1,465,636 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 September 30, 2024 and December 31, 2023 731,690 731,690 Common Stock: $ 0.01 par

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