Attached files
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|---|---|
| 8-K/A - FORM 8-K/A - DIGITAL REALTY TRUST, INC. | d255963d8ka.htm |
Exhibit 99.1
DIGITAL REALTY TRUST, INC.
Third Quarter 2011
Lease Expirations and Lease Distribution
Lease Expirations
As of September 30, 2011
(Dollar amounts in thousands)
| Year | Number of Leases Expiring (1) |
Square Footage of Expiring Leases (2) |
Percentage of Net Rentable Square Feet (2) |
Annualized Rent (3) |
Percentage of Annualized Rent |
Annualized Rent Per Occupied Square Foot |
Annualized Rent Per Occupied Square Foot at Expiration |
Annualized Rent at Expiration |
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| Available |
961,060 | 6.3 | % | — | 0.00 | % | ||||||||||||||||||||||||||
| 2011 |
152 | 140,497 | 0.9 | % | 14,162 | 1.89 | % | $ | 100.80 | 100.80 | 14,162 | |||||||||||||||||||||
| 2012 |
243 | 400,348 | 2.6 | % | 38,001 | 5.06 | % | $ | 94.92 | 96.12 | 38,482 | |||||||||||||||||||||
| 2013 |
247 | 974,871 | 6.4 | % | 68,954 | 9.18 | % | $ | 70.73 | 73.89 | 72,030 | |||||||||||||||||||||
| 2014 |
214 | 1,350,386 | 8.9 | % | 97,844 | 13.03 | % | $ | 72.46 | 77.64 | 104,839 | |||||||||||||||||||||
| 2015 |
128 | 1,957,003 | 12.8 | % | 82,118 | 10.94 | % | $ | 41.96 | 45.79 | 89,613 | |||||||||||||||||||||
| 2016 |
131 | 1,632,150 | 10.7 | % | 68,146 | 9.07 | % | $ | 41.75 | 46.52 | 75,922 | |||||||||||||||||||||
| 2017 |
59 | 936,546 | 6.1 | % | 41,064 | 5.47 | % | $ | 43.85 | 49.43 | 46,294 | |||||||||||||||||||||
| 2018 |
83 | 1,080,373 | 7.1 | % | 53,489 | 7.12 | % | $ | 49.51 | 60.15 | 64,985 | |||||||||||||||||||||
| 2019 |
78 | 1,618,451 | 10.6 | % | 96,675 | 12.87 | % | $ | 59.73 | 72.83 | 117,864 | |||||||||||||||||||||
| 2020 |
75 | 913,495 | 6.0 | % | 55,483 | 7.39 | % | $ | 60.74 | 76.33 | 69,730 | |||||||||||||||||||||
| Thereafter |
176 | 3,297,679 | 21.6 | % | 135,010 | 17.98 | % | $ | 40.94 | 60.93 | 200,930 | |||||||||||||||||||||
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| Portfolio Total /Weighted Average |
1,586 | 15,262,859 | 100.0 | % | $ | 750,946 | 100.0 | % | $ | 52.51 | $ | 62.57 | $ | 894,851 | ||||||||||||||||||
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Lease Distribution
As of September 30, 2011
(Dollar amounts in thousands)
| Square Feet Under Lease | Number of Leases (1) |
Percentage of All Leases |
Total Net Rentable Square Feet (2) |
Percentage of Net Rentable Square Feet (2) |
Annualized Rent (3) |
Percentage of Annualized Rent |
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| Available |
961,057 | 6.3 | % | — | 0.0 | % | ||||||||||||||||||
| 2,500 or less |
1,022 | 64.4 | % | 472,586 | 3.1 | % | 54,515 | 7.3 | % | |||||||||||||||
| 2,501 - 10,000 |
270 | 17.0 | % | 1,600,012 | 10.5 | % | 138,393 | 18.4 | % | |||||||||||||||
| 10,001 - 20,000 |
128 | 8.1 | % | 2,070,677 | 13.6 | % | 160,971 | 21.4 | % | |||||||||||||||
| 20,001 - 40,000 |
81 | 5.1 | % | 2,347,051 | 15.4 | % | 147,016 | 19.6 | % | |||||||||||||||
| 40,001 - 100,000 |
58 | 3.7 | % | 3,816,799 | 25.0 | % | 146,115 | 19.5 | % | |||||||||||||||
| Greater than 100,000 |
27 | 1.7 | % | 3,994,677 | 26.1 | % | 103,936 | 13.8 | % | |||||||||||||||
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| Portfolio Total |
1,586 | 100.0 | % | 15,262,859 | 100.0 | % | $ | 750,946 | 100.0 | % | ||||||||||||||
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| (1) | Includes license and similar agreements that upon expiration will be automatically renewed, mostly on a month-to-month basis. Number of leases represents the leased-unit count; a lease could include multiple units. |
| (2) | For some of our properties, we calculate square footage based on factors in addition to contractually leased square feet, including available power, required support space and common area. |
| (3) | Annualized base rent represents the monthly contractual base rent (defined as cash base rent before abatements) under existing leases as of September 30, 2011 multiplied by 12. We estimate the total net rentable square feet available for lease based on a number of factors in addition to contractually leased square feet, including available power, required support space and common area. |
Page 24
DIGITAL REALTY TRUST, INC.
Third Quarter 2011
Lease Expirations—By Product Type
As of September 30, 2011
(Dollar amounts in thousands)
| TURN-KEY DATACENTER | ||||||||||||||||||||||||||||||||
| Year | Number of Leases Expiring (1) |
Square Footage of Expiring Leases (2) |
Percentage of Net Rentable Square Feet (2) |
Annualized Rent (3) |
Percentage of Annualized Rent |
Annualized Rent Per Occupied Square Foot |
Annualized Rent Per Occupied Square Foot at Expiration |
Annualized Rent at Expiration |
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| Available |
322,870 | 2.1 | % | — | 0.0 | % | ||||||||||||||||||||||||||
| 2011 |
46 | 18,555 | 0.1 | % | $ | 3,181 | 0.4 | % | $ | 171.44 | $ | 171.44 | $ | 3,181 | ||||||||||||||||||
| 2012 |
85 | 128,586 | 0.8 | % | 19,955 | 2.7 | % | 155.19 | 156.86 | 20,170 | ||||||||||||||||||||||
| 2013 |
89 | 353,563 | 2.3 | % | 46,859 | 6.2 | % | 132.53 | 139.70 | 49,394 | ||||||||||||||||||||||
| 2014 |
94 | 370,258 | 2.4 | % | 57,775 | 7.7 | % | 156.04 | 166.84 | 61,775 | ||||||||||||||||||||||
| 2015 |
41 | 204,151 | 1.3 | % | 25,263 | 3.4 | % | 123.75 | 134.79 | 27,518 | ||||||||||||||||||||||
| 2016 |
60 | 295,178 | 1.9 | % | 35,261 | 4.7 | % | 119.46 | 133.70 | 39,464 | ||||||||||||||||||||||
| 2017 |
18 | 182,444 | 1.2 | % | 20,177 | 2.7 | % | 110.59 | 123.10 | 22,459 | ||||||||||||||||||||||
| 2018 |
37 | 264,087 | 1.7 | % | 28,959 | 3.8 | % | 109.66 | 140.12 | 37,003 | ||||||||||||||||||||||
| 2019 |
27 | 404,109 | 2.7 | % | 56,304 | 7.5 | % | 139.33 | 172.76 | 69,815 | ||||||||||||||||||||||
| 2020 |
34 | 260,661 | 1.7 | % | 35,854 | 4.8 | % | 137.55 | 174.29 | 45,431 | ||||||||||||||||||||||
| Thereafter |
71 | 604,536 | 4.0 | % | 53,208 | 7.1 | % | 88.01 | 148.12 | 89,544 | ||||||||||||||||||||||
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| Portfolio Total /Weighted Average |
602 | 3,408,998 | 22.2 | % | $ | 382,796 | 51.0 | % | $ | 124.04 | $ | 150.92 | $ | 465,754 | ||||||||||||||||||
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| COLOCATION | ||||||||||||||||||||||||||||||||
| Year | Number of Leases Expiring (1) |
Square Footage of Expiring Leases (2) |
Percentage of Net Rentable Square Feet (2) |
Annualized Rent (3) |
Percentage of Annualized Rent |
Annualized Rent Per Occupied Square Foot |
Annualized Rent Per Occupied Square Foot at Expiration |
Annualized Rent at Expiration |
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| Available |
75,431 | 0.5 | % | — | 0.0 | % | ||||||||||||||||||||||||||
| 2011 |
45 | 50,272 | 0.3 | % | $ | 9,641 | 1.3 | % | $ | 191.78 | $ | 191.78 | $ | 9,641 | ||||||||||||||||||
| 2012 |
92 | 79,285 | 0.5 | % | 14,110 | 1.9 | % | 177.97 | 181.04 | 14,354 | ||||||||||||||||||||||
| 2013 |
93 | 43,394 | 0.3 | % | 6,588 | 0.9 | % | 151.82 | 156.40 | 6,787 | ||||||||||||||||||||||
| 2014 |
37 | 41,563 | 0.3 | % | 7,954 | 1.1 | % | 191.37 | 199.43 | 8,289 | ||||||||||||||||||||||
| 2015 |
2 | 2,342 | 0.0 | % | 377 | 0.1 | % | 160.97 | 176.35 | 413 | ||||||||||||||||||||||
| 2016 |
2 | 2,424 | 0.0 | % | 385 | 0.1 | % | 158.83 | 176.98 | 429 | ||||||||||||||||||||||
| 2017 |
2 | 5,456 | 0.0 | % | 625 | 0.1 | % | 114.55 | 122.25 | 667 | ||||||||||||||||||||||
| 2018 |
— | — | 0.0 | % | — | 0.0 | % | — | — | — | ||||||||||||||||||||||
| 2019 |
3 | — | 0.0 | % | 330 | 0.0 | % | — | — | 419 | ||||||||||||||||||||||
| 2020 |
1 | — | 0.0 | % | 15 | 0.0 | % | — | — | 20 | ||||||||||||||||||||||
| Thereafter |
1 | 3,194 | 0.0 | % | 276 | 0.0 | % | 86.41 | 113.34 | 362 | ||||||||||||||||||||||
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| Portfolio Total /Weighted Average |
278 | 303,361 | 1.9 | % | $ | 40,301 | 5.5 | % | $ | 176.81 | $ | 181.55 | $ | 41,381 | ||||||||||||||||||
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| POWERED BASE BUILDING | ||||||||||||||||||||||||||||||||
| Year | Number of Leases Expiring (1) |
Square Footage of Expiring Leases (2) |
Percentage of Net Rentable Square Feet (2) |
Annualized Rent (3) |
Percentage of Annualized Rent |
Annualized Rent Per Occupied Square Foot |
Annualized Rent Per Occupied Square Foot at Expiration |
Annualized Rent at Expiration |
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| Available |
322,552 | 2.1 | % | — | 0.0 | % | ||||||||||||||||||||||||||
| 2011 |
11 | 47,526 | 0.3 | % | $ | 638 | 0.1 | % | $ | 13.42 | $ | 13.42 | $ | 638 | ||||||||||||||||||
| 2012 |
11 | 55,153 | 0.4 | % | 1,824 | 0.2 | % | 33.07 | 33.27 | 1,835 | ||||||||||||||||||||||
| 2013 |
15 | 279,072 | 1.8 | % | 8,286 | 1.1 | % | 29.69 | 30.20 | 8,428 | ||||||||||||||||||||||
| 2014 |
33 | 669,834 | 4.4 | % | 27,766 | 3.7 | % | 41.45 | 45.07 | 30,192 | ||||||||||||||||||||||
| 2015 |
45 | 1,610,385 | 10.6 | % | 52,971 | 7.0 | % | 32.89 | 35.99 | 57,950 | ||||||||||||||||||||||
| 2016 |
35 | 1,135,721 | 7.4 | % | 29,172 | 3.9 | % | 25.69 | 28.49 | 32,355 | ||||||||||||||||||||||
| 2017 |
9 | 156,094 | 1.0 | % | 7,317 | 1.0 | % | 46.88 | 55.70 | 8,695 | ||||||||||||||||||||||
| 2018 |
10 | 571,579 | 3.8 | % | 19,673 | 2.6 | % | 34.42 | 39.02 | 22,305 | ||||||||||||||||||||||
| 2019 |
21 | 1,138,829 | 7.5 | % | 38,503 | 5.1 | % | 33.81 | 40.15 | 45,726 | ||||||||||||||||||||||
| 2020 |
17 | 354,651 | 2.3 | % | 12,639 | 1.7 | % | 35.64 | 45.61 | 16,177 | ||||||||||||||||||||||
| Thereafter |
59 | 2,225,018 | 14.6 | % | 71,627 | 9.5 | % | 32.19 | 44.65 | 99,350 | ||||||||||||||||||||||
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| Portfolio Total /Weighted Average |
266 | 8,566,414 | 56.2 | % | $ | 270,416 | 35.9 | % | $ | 32.80 | $ | 39.26 | $ | 323,651 | ||||||||||||||||||
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| NON-TECHNICAL | ||||||||||||||||||||||||||||||||
| Year | Number of Leases Expiring (1) |
Square Footage of Expiring Leases (2) |
Percentage of Net Rentable Square Feet (2) |
Annualized Rent (3) |
Percentage of Annualized Rent |
Annualized Rent Per Occupied Square Foot |
Annualized Rent Per Occupied Square Foot at Expiration |
Annualized Rent at Expiration |
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| Available |
240,207 | 1.6 | % | — | 0.0 | % | ||||||||||||||||||||||||||
| 2011 |
50 | 24,144 | 0.2 | % | $ | 701 | 0.1 | % | $ | 29.03 | $ | 29.03 | $ | 701 | ||||||||||||||||||
| 2012 |
55 | 137,324 | 0.9 | % | 2,112 | 0.3 | % | 15.38 | 15.45 | 2,122 | ||||||||||||||||||||||
| 2013 |
50 | 298,842 | 2.0 | % | 7,222 | 1.0 | % | 24.17 | 24.84 | 7,422 | ||||||||||||||||||||||
| 2014 |
50 | 268,731 | 1.8 | % | 4,348 | 0.6 | % | 16.18 | 17.05 | 4,582 | ||||||||||||||||||||||
| 2015 |
40 | 140,125 | 0.9 | % | 3,509 | 0.5 | % | 25.04 | 26.63 | 3,732 | ||||||||||||||||||||||
| 2016 |
34 | 198,827 | 1.3 | % | 3,328 | 0.4 | % | 16.74 | 18.48 | 3,674 | ||||||||||||||||||||||
| 2017 |
30 | 592,552 | 3.9 | % | 12,945 | 1.7 | % | 21.85 | 24.42 | 14,473 | ||||||||||||||||||||||
| 2018 |
36 | 244,707 | 1.6 | % | 4,858 | 0.6 | % | 19.85 | 23.20 | 5,678 | ||||||||||||||||||||||
| 2019 |
27 | 75,513 | 0.5 | % | 1,537 | 0.2 | % | 20.35 | 25.21 | 1,904 | ||||||||||||||||||||||
| 2020 |
23 | 298,183 | 2.0 | % | 6,975 | 0.9 | % | 23.39 | 27.17 | 8,103 | ||||||||||||||||||||||
| Thereafter |
45 | 464,931 | 3.0 | % | 9,897 | 1.3 | % | 21.29 | 25.11 | 11,674 | ||||||||||||||||||||||
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| Portfolio Total /Weighted Average |
440 | 2,984,086 | 19.7 | % | $ | 57,432 | 7.6 | % | $ | 20.93 | $ | 23.35 | $ | 64,065 | ||||||||||||||||||
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| (1) | Includes license and similar agreements that upon expiration will be automatically renewed, mostly on a month-to-month basis. Number of leases represents the leased-unit count; a lease could include multiple units. |
| (2) | For some of our properties, we calculate square footage based on factors in addition to contractually leased square feet, including available power, required support space and common area. |
| (3) | Annualized base rent represents the monthly contractual base rent (defined as cash base rent before abatements) under existing leases as of September 30, 2011 multiplied by 12. We estimate the total net rentable square feet available for lease based on a number of factors in addition to contractually leased square feet, including available power, required support space and common area. |
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