Digital Realty Trust (DLR) Sees FY16 FFO of $5.45-$5.60

Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center solutions, announced today its initial outlook for 2016 along with details for its fourth quarter 2015 earnings release and conference call.

2016 Outlook

Digital Realty expects 2016 core FFO per share to be within a range of $5.45-$5.60, which represents a 7% increase at the midpoint from the midpoint of 2015 core FFO per share guidance. Foreign currency translation is expected to represent a headwind to core FFO per share of 1%-2% in 2016. The remaining assumptions underlying the 2016 outlook are summarized in the table below.

(Street sees FY16 FFO of $5.51)

"We are seeing solid demand for Digital Realty's comprehensive set of data center solutions, which gives us confidence in our ability to achieve accelerating core FFO per share growth in 2016," commented Andrew P. Power, Digital Realty's Chief Financial Officer. "We also expect to generate double-digit AFFO per share growth, driven by greater cash flow contribution from our core business, accretion from the Telx acquisition and the continued burn-off of straight-line rent. In short, the quality of earnings is improving, the growth in cash flow is accelerating, and we are optimistic about the prospects for our business in 2016 and beyond."

Fourth Quarter 2015 Earnings Release and Conference Call

Digital Realty plans to release its financial results for the fourth quarter and full-year 2015 after the market closes on Thursday, February 25, 2016. The company will host a conference call to discuss these results at 5:30 p.m. EST / 2:30 p.m. PST on Thursday, February 25, 2016.

To participate in the live call, investors are invited to dial +1 (888) 317-6003 (for domestic callers) or +1 (412) 317-6061 (for international callers) and reference the conference ID #5297568 at least five minutes prior to start time. A live webcast of the call will be available on the Investors section of Digital Realty's website at http://investor.digitalrealty.com.

Telephone and webcast replays will be available one hour after the call until 9:00 a.m. EDT on March 25, 2016. The telephone replay can be accessed by dialing +1 (877) 344-7529 (for domestic callers) or +1 (412) 317-0088 (for international callers) and using the conference ID #10077984. The webcast replay can be accessed on Digital Realty's website.

For Additional Information:

Investor Relations John J. Stewart / Maria S. Lukens Digital Realty Trust, Inc. +1 (415) 738-6500

Media Inquiries John Christiansen / Lindsay Andrews Sard Verbinnen & Co. +1 (415) 618-8750

Non-GAAP Financial Measures

This press release contains non-GAAP financial measures, including Funds from Operations, Core Funds from Operations and Constant-Currency Core Funds from Operations. The following table provides a reconciliation of each of these non-GAAP measures to the range of 2016 projected net income:

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