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): November 15, 2011
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 No.) |
| 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 filing 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, filed on October 27, 2011, to replace pages 24 and 25 of the supplemental operating and financial data we originally posted on October 27, 2011 on our website.
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, or 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, or 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, filed on October 27, 2011, to replace pages 24 and 25 of the supplemental operating and financial data we originally posted on October 27, 2011 on our website. The revised pages are attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 7.01 Regulation FD Disclosure.
The information in this Item 7.01 of this Current Report is also being furnished under Item 2.02—“Results of Operations and Financial Condition” of Form 8-K. Such information, including the exhibit attached hereto, is furnished pursuant to Item 7.01 and 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 Current Report on Form 8-K 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, filed on October 27, 2011, to replace pages 24 and 25 of the supplemental operating and financial data we originally posted on October 27, 2011 on our website. The revised pages are attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits. |
| Exhibit No. |
Description | |
| 99.1 | Pages 24 and 25 to Supplemental Operating and Financial Data posted October 27, 2011. | |
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 | ||
| Senior Vice President, General Counsel and Assistant Secretary | ||
Date: November 15, 2011
EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1 | Pages 24 and 25 to Supplemental Operating and Financial Data posted October 27, 2011. | |
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 |
||||||||||||||||||
| 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 |
||||||||||||||||||||||||
| 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. |
Page 25