DIGITAL REALTY TRUST, INC. Annual Report, Year Ended Dec 31, 2022

Digital Realty Trust, Inc. (DLR) reported its fiscal year 2022 results, showcasing continued growth in its global data center platform. The company has significantly expanded its international footprint, notably through the acquisition of a controlling interest in Teraco Data Environments in South Africa, which diversifies its geographic presence and strengthens its service offerings in emerging markets. DLR's strategy remains focused on leveraging its PlatformDIGITAL® to provide scalable colocation and interconnection solutions, catering to the increasing demand driven by digital transformation, cloud adoption, and data growth. Financially, the company reported an increase in total operating revenues, driven by growth in its non-stabilized portfolio and the recent acquisitions. However, it also navigated challenges such as higher utility costs and foreign currency translation effects impacting stabilized revenues. DLR maintained a strong focus on capital allocation, continuing significant investments in development projects while prudently managing its balance sheet with a target debt-to-Adjusted EBITDA ratio. The company's operational resilience and strategic expansion position it to capitalize on long-term secular trends in the digital economy.