AI English summary of an SEC filing — figures as filed
The company said it signed total bookings during the 3 months ended March 31, 2024 that are expected to generate $252 million of annualized GAAP rental revenue, including $40 million from the 0–1 megawatt category and $13 million from interconnection.
Key points
AI summaryThe company said it signed total bookings during the 3 months ended March 31, 2024 that are expected to generate $252 million of annualized GAAP rental revenue, including $40 million from the 0–1 megawatt category and $13 million from interconnection.
The company said it had 437 megawatts of projects underway across the world as of March 31, 2024, and that 65% of this data center activity was pre-leased. It also said its portfolio had approximately 2,500 megawatts of capacity on the same date.
Digital Realty estimated the stabilized yield on its total 437 megawatts of capacity under construction worldwide at approximately 10.6% as of March 31, 2024, and approximately 12.3% on the 178 megawatts under construction in North America and South America. The company said these figures are its own estimates and actual yields may differ.
The company reported Net Debt of $17,205,008 thousand as of March 31, 2024 and net debt to LQA Adjusted EBITDA of 6.1x (7.1x as of March 31, 2023). It said Adjusted EBITDA for Q1 2024 was $710,558 thousand.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Bookings for Q1 2024 Annualized GAAP Rental Revenue
The company said it signed total bookings during the 3 months ended March 31, 2024 that are expected to generate $252 million of annualized GAAP rental revenue, including $40 million from the 0–1 megawatt category and $13 million from interconnection.
Source · Based on the filing body and exhibits
Under-Construction Capacity and Pre-Leasing as of March 31
The company said it had 437 megawatts of projects underway across the world as of March 31, 2024, and that 65% of this data center activity was pre-leased. It also said its portfolio had approximately 2,500 megawatts of capacity on the same date.
Source · Based on the filing body and exhibits
Estimated Stabilized Yield on Construction Projects
Digital Realty estimated the stabilized yield on its total 437 megawatts of capacity under construction worldwide at approximately 10.6% as of March 31, 2024, and approximately 12.3% on the 178 megawatts under construction in North America and South America. The company said these figures are its own estimates and actual yields may differ.
Source · Based on the filing body and exhibits
Net Debt and Net Debt to LQA Adjusted EBITDA Ratio
The company reported Net Debt of $17,205,008 thousand as of March 31, 2024 and net debt to LQA Adjusted EBITDA of 6.1x (7.1x as of March 31, 2023). It said Adjusted EBITDA for Q1 2024 was $710,558 thousand.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
Loading the filing text…