Profile: Digital Realty Trust, Inc. (DLR)

Digital Realty Trust, Inc., through its controlling interest in Digital Realty Trust, L.P. (the operating partnership) and the subsidiaries of the operating partnership, operates as a real estate investment trust (REIT). At December 31, 2008, through its operating partnership, the Company owned 75 properties, excluding one property held as an investment in an unconsolidated joint venture. Its properties are primarily located throughout North America with 13 properties in Europe. Its properties contain a total of approximately 13 million net rentable square feet, including approximately 1.6 million square feet held for redevelopment. The Company operations and acquisition activities are focused on markets where technology industry tenants and corporate datacenter users are concentrated, including the Chicago, Dallas, Los Angeles, New York/New Jersey, Northern Virginia, Phoenix, San Francisco and Silicon Valley metropolitan areas in the United States and the London, Dublin, Paris and Amsterdam markets in Europe. As of December 31, 2008, the Company’s portfolio, excluding space held for redevelopment, was approximately 94.9% leased.

On December 10, 2008, the Company acquired the remaining 50% interest in a joint venture that owns 1500 Space Park Drive and 1201 Comstock Street. On November 20, 2008, the Company acquired 7505 Mason King Court, a property located in Manassas, Virginia. The Company provides customer-oriented solutions designed to meet the needs of technology and corporate datacenter users, including Turn-Key Datacenter, Powered Base Building and built-to-suit options. Its Turn-Key Datacenters are move-in ready, physically secure facilities with the power and cooling capabilities to support mission critical information technology (IT) enterprise applications.

The types of properties within the Company’s focus include Internet gateway datacenters, which serve as hubs for Internet and data communications within and between metropolitan areas; corporate datacenters, which provide secure, continuously available environments for the storage and processing of critical electronic information. Data centers are used for disaster recovery purposes, transaction processing and to house corporate IT operations; technology manufacturing properties, which contain specialized manufacturing environments for such purposes as disk drive manufacturing, semiconductor manufacturing and specialty pharmaceutical manufacturing, and regional or national offices of technology companies that are located in its target markets.

The Company competes with DuPont Fabros Technology, Inc., 365 Main Inc., CRG West and Global Switch.