-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EdsjrRwkiUw8zP0l5wJwWoeiswvF1fgAf2Pt7PAZTEeypwaXwX+5dNNT+i0Km0Jn XMG0VQJV3WQJn5ekSF/UHA== 0001193125-09-131066.txt : 20090615 0001193125-09-131066.hdr.sgml : 20090615 20090615172435 ACCESSION NUMBER: 0001193125-09-131066 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090615 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090615 DATE AS OF CHANGE: 20090615 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Digital Realty Trust, Inc. CENTRAL INDEX KEY: 0001297996 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-32336 FILM NUMBER: 09892653 BUSINESS ADDRESS: STREET 1: 560 MISSION STREET STREET 2: SUITE 2900 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: (415)738-6500 MAIL ADDRESS: STREET 1: 560 MISSION STREET STREET 2: SUITE 2900 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 8-K/A 1 d8ka.htm AMENDMENT TO FORM 8-K Amendment to Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K/A

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 15, 2009

 

 

DIGITAL REALTY TRUST, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Maryland   001-32336   26-0081711

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

 

560 Mission Street, Suite 2900

San Francisco, California

  94105
(Address of principal executive offices)   (Zip Code)

(415) 738-6500

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


This Form 8-K/A amends our Form 8-K, dated April 30, 2009, to replace pages 7 and 14 of the supplemental operating and financial data we originally posted on April 30, 2009 on our website located at www.digitalrealtytrust.com.

 

Item 2.02 Results of Operations and Financial Condition.

The information in this Item 2.02 of this Current Report is also being furnished under Item 7.01—”Regulation FD Disclosure” of Form 8-K. Such information, including the exhibit attached hereto, is furnished pursuant to Item 2.02 and shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act regardless of any general incorporation language in such filing.

This Form 8-K/A amends our Form 8-K, dated April 30, 2009, to replace pages 7 and 14 of the supplemental operating and financial data we originally posted on April 30, 2009 on our website located at www.digitalrealtytrust.com. The revised pages are attached hereto as Exhibit 99.1 and are incorporated by reference herein.

 

Item 7.01 Regulation FD Disclosure.

The information furnished in this Item 7.01 of this Current Report on Form 8-K, including the exhibit attached hereto, shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section. The information in this Item 7.01 of this Current Report on Form 8-K, including the exhibit attached hereto, shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing.

This Form 8-K/A amends our Form 8-K, dated April 30, 2009, to replace pages 7 and 14 of the supplemental operating and financial data we originally posted on April 30, 2009 on our website located at www.digitalrealtytrust.com. The revised pages are attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit
Number

  

Description

99.1    Pages 7 and 14 to Supplemental Operating and Financial Data posted April 30, 2009.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Digital Realty Trust, Inc.
By:   /s/ Joshua A. Mills
  Joshua A. Mills
  General Counsel and Assistant Secretary

Date: June 15, 2009


EXHIBITS

 

Exhibit
Number

  

Description

99.1    Pages 7 and 14 to Supplemental Operating and Financial Data posted April 30, 2009.
EX-99.1 2 dex991.htm PAGES 7 AND 14 TO SUPPLEMENTAL OPERATING AND FINANCIAL DATA Pages 7 and 14 to Supplemental Operating and Financial Data

Exhibit 99.1

DIGITAL REALTY TRUST, INC.

First Quarter 2009

Consolidated Balance Sheets (1)

(Dollars in thousands, except share data)

 

     March 31, 2009     December 31, 2008  
     (unaudited)        

ASSETS

    

Investments in real estate

    

Land

   $ 314,077      $ 316,318   

Acquired ground leases

     2,670        2,733   

Buildings and improvements

     2,577,169        2,467,830   

Tenant improvements

     252,549        255,818   
                

Investments in real estate

     3,146,465        3,042,699   

Accumulated depreciation and amortization

     (337,663     (302,960
                

Net investments in properties

     2,808,802        2,739,739   

Investment in unconsolidated joint venture

     8,597        8,481   
                

Net investments in real estate

     2,817,399        2,748,220   

Cash and cash equivalents

     78,936        73,334   

Accounts and other receivables, net

     37,923        39,108   

Deferred rent

     110,913        99,957   

Acquired above market leases, net

     29,638        31,352   

Acquired in place lease value and deferred leasing costs, net

     219,228        222,389   

Deferred financing costs, net

     14,787        16,275   

Restricted cash

     31,234        45,470   

Other assets

     11,555        4,940   
                

Total Assets

   $ 3,351,613      $ 3,281,045   
                

LIABILITIES AND STOCKHOLDERS’ EQUITY

    

Revolving credit facility

   $ 254,021      $ 138,579   

Unsecured senior notes

     83,000        58,000   

Mortgage loans

     939,807        1,026,594   

4.125% exchangeable senior debentures due 2026

     162,860        161,901   

Accounts payable and other accrued liabilities

     139,606        171,176   

Accrued dividends and distributions

     —          26,092   

Acquired below market leases, net

     72,075        76,660   

Security deposits and prepaid rents

     54,168        46,967   
                

Total Liabilities

     1,705,537        1,705,969   
                

Commitments and contingencies

     —          —     

EQUITY:

    

Stockholders’ equity:

    

Preferred Stock: $0.01 par value, 30,000,000 authorized:

    

Series A Cumulative Redeemable Preferred Stock, 8.50%, $103,500,000 liquidation preference ($25.00 per share), 4,140,000 issued and outstanding

     99,297        99,297   

Series B Cumulative Redeemable Preferred Stock, 7.875%, $63,250,000 liquidation preference ($25.00 per share), 2,530,000 issued and outstanding

     60,502        60,502   

Series C Cumulative Convertible Preferred Stock, 4.375%, $175,000,000 liquidation preference ($25.00 per share), 6,999,995 issued and outstanding

     169,067        169,068   

Series D Cumulative Convertible Preferred Stock, 5.500%, $345,000,000 liquidation preference ($25.00 per share), 13,795,500 issued and outstanding

     333,472        333,581   

Common Stock; $0.01 par value: 125,000,000 authorized, 76,042,511 and 73,306,703 shares issued and outstanding as of March 31, 2009 and December 31, 2008, respectively

     758        732   

Additional paid-in capital

     1,142,483        1,057,107   

Dividends in excess of earnings

     (181,645     (166,863

Accumulated other comprehensive income, net

     (58,827     (49,503
                

Total stockholders’ equity

     1,565,107        1,503,921   
                

Noncontrolling interests:

    

Noncontrolling interest in operating partnership

     64,986        66,797   

Noncontrolling interest in consolidated joint venture

     15,983        4,358   
                

Total noncontrolling interests

     80,969        71,155   
                

Total Equity

     1,646,076        1,575,076   
                

Total Liabilities and Equity

   $ 3,351,613      $ 3,281,045   
                

 

(1) Results for all periods have been adjusted for the retroactive application of the new accounting pronouncements adopted by the Company on January 1, 2009 (see footnote 1 on page 6).

 

Page 1


DIGITAL REALTY TRUST, INC.

First Quarter 2009

Consolidated Debt Analysis

(unaudited, in thousands)

 

     Maturity Date         Principal Balance
as of

March 31, 2009
    % of Debt     Interest Rate as of
March 31, 2009
    Interest Rate as of
March 31, 2009
including swaps
 

Unhedged Floating Rate Debt

            

Revolving credit facility

   August 31, 2012   (1 )     254,021     17.7 %   1.80 %   2.79 %
                      
       $ 254,021     17.7 %    

Fixed Rate Mortgage Debt and Hedged Floating Rate Debt

            

Secured Term Debt

   November 11, 2014       145,869     10.2 %   5.65 %   —    

3 Corporate Place

   August 1, 2013   (1 )     80,000     5.6 %   6.72 %   —    

200 Paul Avenue 1-4

   October 8, 2015       78,945     5.5 %   5.74 %   —    

2045 & 2055 LaFayette Street

   February 6, 2017       67,851     4.7 %   5.93 %   —    

Mundells Roundabout

   November 30, 2013       61,338     4.3 %   2.85 %   4.18 %

600 West Seventh Street

   March 15, 2016       56,499     3.9 %   5.80 %   —    

2323 Bryan Street

   November 6, 2009       54,831     3.8 %   6.04 %   —    

34551 Ardenwood Boulevard 1-4

   November 11, 2016       55,000     3.8 %   5.95 %   —    

1100 Space Park Drive

   December 11, 2016       55,000     3.8 %   5.89 %   —    

150 South First Street

   February 6, 2017       53,178     3.7 %   6.30 %   —    

114 Rue Ambroise Croizat

   January 18, 2012       42,156     2.9 %   2.86 %   5.13 %

1500 Space Park Drive

   October 5, 2013       43,253     3.0 %   6.15 %   —    

2334 Lundy Place

   November 11, 2016       40,000     2.8 %   5.96 %   —    

Unit 9, Blanchardstown Corporate Park

   January 18, 2012       36,244     2.5 %   2.86 %   5.35 %

6 Braham Street

   April 10, 2011       18,906     1.3 %   2.55 %   5.84 %

Paul van Vlissingenstraat 16

   July 18, 2013       14,228     1.0 %   3.11 %   5.58 %

Chemin de l’Epinglier 2

   July 18, 2013       10,333     0.7 %   3.01 %   5.57 %

1125 Energy Park Drive

   March 1, 2032       9,301     0.6 %   7.62 %   —    

Gyroscoopweg 2E-2F

   October 18, 2013       9,057     0.6 %   3.01 %   5.49 %

731 East Trade Street

   July 1, 2020       5,470     0.4 %   8.22 %   —    
                      
       $ 937,459     65.1 %    

4.125 % exchangeable senior debentures due 2026

   August 15, 2026       172,500     12.0 %   4.13 %   —    

Unsecured senior notes — Series A

   July 24, 2011       25,000     1.7 %   7.00 %   —    

Unsecured senior notes — Series B

   November 5, 2013       33,000     2.3 %   9.32 %   —    

Unsecured senior notes — Series C

   January 6, 2016       25,000     1.7 %   9.68 %   —    

Total Fixed Rate Debt Including Swaps

       $ 1,192,959     82.8 %    

Unamortized discount on 4.125% exchangeable senior debentures due 2026

      (9,640 )   (0.7 %)    

Unamortized Loan premium—1125 Energy Park Drive, 731 East Trade Street and 1500 Space Park Drive mortgages

      2,348     0.2 %    
                      

Total Consolidated Debt

       $ 1,439,688     100.0 %    
                      

Weighted average cost of debt (including interest rate swaps)

          5.55 %
                

 

(1) Assumes all extensions will be exercised.

Credit Facility

(in thousands)

 

     Maximum Available
as of
March 31, 2009
   Available as of
March 31, 2009
   Drawn as of
March 31, 2009

Revolving Credit Facility

   $ 675,000    $ 407,500    $ 254,021

Note: Increased to $720,000 on April 28, 2009.

 

Page 2

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