Exhibit 99.2

Global. Connected. Sustainable. 4Q23 FINANCIAL RESULTS February 15, 2024 The meeting place for companies, technologies and data

5,000+ Customers 220,000 Cross Connects 50+ Metros 300+ Data Centers Capacity Host what you need, how you need Coverage Deploy where you need Connectivity Connect how you need to whom you need Control Implement and operate the way you need 1 2 3 Strengthen our Customer Value Proposition Integrate & Innovate for our Customers Diversify and Bolster Capital Sources 5 New Partners 4Q23 Financial Results 2 Executing on Key Strategic Priorities Positioning for Long-Term Sustainable Growth $12B New Capital STRATEGY TO FUEL GROWTH Note: As of December 31, 2023. Includes investments in unconsolidated entities.

1Q23 2Q23 3Q23 4Q23 Non-Core Dispositions Stabilized Hyperscale Private Capital Development Hyperscale Private Capital 4Q23 Financial Results 3 $10 Billion of Non-Core Asset Sales & Hyperscale Private Capital Diversify & Bolster Capital Sources Evolving Capital Sources CAPITAL TO MEET CUSTOMER DEMAND $2 Billion $7 Billion $150 Million

4Q23 Financial Results 4 Connected Data Communities Strong Interconnection Revenue 134 new logos $53M total 4Q bookings from 0-1 MW + Interconnection 48% of total 4Q bookings from 0-1 MW + Interconnection 4Q23 Results 506 new logos $204M total 2023 bookings from 0-1 MW + Interconnection 44% of total 2023 bookings from 0-1 MW + Interconnection 2023 Full-Year Results

Note: As of December 31, 2023. 4Q23 Financial Results 5 237 MW delivered in 2023 Offering a Global Data Center Platform Global Capacity to Meet Growing Customer Demand Global Capacity ~2,500 MW total capacity in place >3,000 MW buildable IT capacity

Note: As of December 31, 2023. 4Q23 Financial Results 6 Leading Data Center Partner for Sustainability Science-Based Target Commitment to Reduce Global Emissions by 68% by 2030 • 1 GW contracted renewable capacity • 100% renewable for European properties and U.S. productized colocation portfolio • 100% renewable for New Jersey, Texas, San Francisco, and Sydney More green building certified IT capacity than any other data center provider • Top 10 in the U.S. EPA Green Power Partnership • Awarded SEAA’s “Green Innovations: Water Solutions” in Singapore • 7% reduction in water use intensity since 2020 • 30% of U.S. operating portfolio ENERGY STAR certified Leading the data center industry in green bonds Renewable Energy Leading data center purchaser of renewable energy • 1.1 GW-IT global operating portfolio has a sustainable building certification • 59% of certifications are gold level and above Green Buildings Energy Efficiency Green Bonds More energy star certifications than any other data center provider • $6.4B in aggregate principal amount of green bonds issued • Fully allocated all green bond funds to sustainable projects • Executed first data center industry green bond

4Q23 Financial Results 4Q23 Financial Results 7

Note: Totals may not add up due to rounding. Digital Realty revised its reporting categories in 2Q 2020. For prior periods, "0-1 MW" includes Colocation, ">1 MW" includes Turn-Key Flex, "Other" includes Power Base Building and Non-Technical. “Interconnection” is unchanged. 1. Other includes Powered Base Building® shell capacity as well as storage and office space within fully improved data center facilities. 4Q23 BOOKINGS HISTORICAL BOOKINGS ANNUALIZED GAAP BASE RENT Healthy Demand $ in millions Across Regions and Products AI lifts demand 0-1 MW $39.5 mm 36% of total bookings INTERCONNECTION $13.5 mm 12% of total bookings >1 MW $56.6 mm 52% of total bookings OTHER(1) $0.5 mm 0.4% of total bookings TOTAL BOOKINGS $110.1 mm 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 4Q23 Financial Results • Strong 0-1MW + Interconnection signings • Record High >1 MW average leasing rate 8 $0.0 $50.0 $100.0 $150.0

2024 2025 2026+ 4Q23 Backlog Note: Totals may not add up due to rounding. 1. Amounts shown represent GAAP annualized base rent from leases signed. 2. Amounts shown represent GAAP annualized base rent from leases signed, but not yet commenced, based on estimated future commencement date at time of signing. Actual commencement dates may vary. Record Backlog Bodes Well for Future Growth BACKLOG ROLL-FORWARD (1) $ in millions Digital Realty Backlog Unconsolidated Joint Venture Backlog COMMENCEMENT TIMING (2) $ in millions • Record Backlog of $495 Million • Two-Thirds to Commence in 2024 4Q23 Financial Results 9 $120M $22M $426M $322M $145M 3Q23 Backlog Signed Commenced 4Q23 Backlog $27M $495M $421M $482M $97M $84M $92M $75M $495M $426M $285M

Strong Pricing Environment Robust Renewal Spreads 4Q23 RENEWAL SPREADS 0-1 MW > 1 MW OTHER (1) TOTAL Signed renewals representing $130 million of annualized rental revenue Signed renewals representing $75 million of annualized rental revenue Signed renewals representing $3 million of annualized rental revenue Signed renewals representing $210 million of annualized rental revenue RENTAL RATE CHANGE RENTAL RATE CHANGE RENTAL RATE CHANGE RENTAL RATE CHANGE 5.6% 12.8% GAAP Note: Totals may not add up due to rounding. Rental rate change represents the beginning rental rate on agreements renewed, relative to the ending rental rate at expiration, weighted by net rentable square feet. Signed renewals amounts represent cash annualized rental revenue. 1. Other includes Powered Base Building® shell capacity as well as storage and office space within fully improved data center facilities. • Highest Cash Renewal Spreads since 2015 • 6.9% Normalized Renewal Spreads in 4Q 5.9% CASH GAAP CASH 20.0% 4.4% CASH 18.6% GAAP 8.2% CASH 10.6% GAAP 4Q23 Financial Results 10

85 90 95 100 105 110 115 Oct-22 Jan-23 Apr-23 Jul-23 Oct-23 Revenue Exposure by Currency FX Slight Tailwind in the Fourth Quarter 50% 1% 6% 25% 5% 1% <1% 2% 4% 2024E $6.68 / Sh 1.0% SOFR +/- 100bps 0.1% GBP +/- 10% 2.0% EUR +/- 10% CORE FFO/SHARE EXPOSURE (2) EXPOSURE BY REVENUE (1) Note: Totals may not add up due to rounding. 1. As of December 31, 2023. Includes Digital Realty’s share of revenue from unconsolidated joint ventures. 2. Core FFO is a non-GAAP financial measure. For a definition of Core FFO and reconciliation to its nearest GAAP equivalent, see the Appendix. 4Q23 Financial Results 11 3% <1% • Local Operations Funded in Local Currencies act as a Natural Hedge Dec-23 <1% <1% 4Q22 U.S. DOLLAR INDEX 4Q23 ZAR 4% USD EURO GBP SGD AUD 25% 6% 6% 1% OTHER <1% CHF 50% 2% 1% JPY CAD 2% BRL 3% <1% <1% <1% 2%

4Q23 Financial Results 12 Significant De-Levering Capital Recycling and ATM Issuance Bolster Liquidity Please see Appendix for calculation of ratios. 1. Net Debt to Adjusted EBITDA is calculated as total debt at balance sheet carrying value (see Appendix), plus capital lease obligations, plus our share of joint venture debt at carrying value, less cash and cash equivalents (including our share of unconsolidated joint venture cash), divided by the product of Adjusted EBITDA (including our share of unconsolidated joint venture EBITDA), multiplied by four. 2. Pro forma for asset sales, completion of JVs and issuance of shares through the ATM program in January 2024. $4 Billion Pro Forma Liquidity 5.8x Pro Forma Leverage <$1 Billion Debt Maturities in 2024 1Q23 2Q23 3Q23 4Q23 1.3x Total Reduction in Leverage Net Debt to Adjusted EBITDA(1) December 14 2023 May 5 2023 Stable Negative Credit Outlook (2) (2) (2)

¥ ¥ $ ₣ Matching the Duration of Assets and Liabilities Modest Near-Term Maturities, Well-Laddered Debt Schedule DEBT MATURITY SCHEDULE AS OF DECEMBER 31, 2023 (1)(2) (U.S. $ in billions) Note: As of December 31, 2023. 1. Includes Digital Realty’s pro rata share of unconsolidated joint venture loans and debt securities. Pro forma for asset sales, completion of JVs and issuance of shares through the ATM program in January 2024; assuming proceeds therefrom are used to pay down the global revolving credit facility and $240 million of the USD Term Loan. 2. Assumes exercise of extension options. 3. Includes impact of cross-currency swaps. 4.4 YEARS Weighted Avg. Maturity (1)(2) DEBT PROFILE 97% Unsecured Unsecured Secured 84% Non-USD Euro USD GBP Other 85% Fixed Fixed Floating 2.7 % Weighted Avg. Coupon (1)(3) 4Q23 Financial Results (3) 13 $ ₣ $0 $1.0 $1.7 $2.3 $2.7 $3.3 $1.7 $1.7 $1.7 $1.7 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 + Pro Rata Share of JV Debt Secured Mortgage Debt Unsecured Senior Notes - USD Unsecured Senior Notes - GBP Unsecured Senior Notes - EUR Euro Term Loan Unsecured Senior Notes - CHF Other Unsecured Debt Unsecured Credit Facilities Unsecured Green Senior Notes - CHF Unsecured Green Senior Notes - EUR USD Term Loan Pro Forma Payoffs € € € € € R ¥ $ ¥

2024 Financial Guidance 14 Actual 2023 Full Year 2024 Total Revenue $5,477 $5,550 – $5,650 Adjusted EBITDA $2,750 $2,800 – $2,900 Rental Rates on Renewals Leases (Cash) 6.8% 4.0% – 6.0% Year-End Portfolio Occupancy 81.7% +100 – 200 bps Same-Capital Cash NOI Growth 7.5% 2.0% – 3.0% Core FFO per Share $6.59 $6.60 – $6.75 Note: Dollars in millions except Core FFO per Share. The Company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis, as it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and/or amount of various items that would impact net income attributable to common stockholders per diluted share, which is the most directly comparable forward-looking GAAP financial measure. This includes, for example, external growth factors, such as dispositions, and balance sheet items, such as debt issuances, that have not yet occurred, are out of the Company's control and/or cannot be reasonably predicted. For the same reasons, the Company is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures. 1. Adjusted EBITDA, Same -Capital NOI and Core FFO Per Share are non-GAAP financial measures. For a reconciliation of these measures to their nearest GAAP equivalents, see the Appendix. 4Q23 Financial Results (1)

Q&A Global. Connected. Sustainable. 4Q23 Financial Results 15

16 Platform & Capacity to Drive Returns Balance Sheet Positioned For Growth Accelerating Opportunity Ahead Positioned for Long-Term Sustainable Growth 2024 Setting the Stage to Meet Next Wave of Customer Demand Over $12 Billion(1) of Capital and Commitments Sourced from New Hyperscale Private Capital Partners and ATM 1. Includes transactions announced in 2023. Continued Growth in the Enterprise and Hyperscale Segments with AI Driving New Wave of Demand Global Footprint in Core Markets with Near-Term and Future Capacity to Enhance Long-Term Growth 4Q23 Financial Results

Appendix 4Q23 Financial Results 17

Appendix Management Statements on Non-GAAP Measures The information included in this presentation contains certain non-GAAP financial measures that management believes are helpful in understanding our business, as further described below. Our definition and calculation of non-GAAP financial measures may differ from those of other REITs, and, therefore, may not be comparable. The non-GAAP financial measures should not be considered alternatives to net income or any other GAAP measurement of performance and should not be considered an alternative to cash flows from operating, investing or financing activities as a measure of liquidity. Funds From Operations (FFO): We calculate funds from operations, or FFO, in accordance with the standards established by the National Association of Real Estate Investment Trusts, or Nareit, in the Nareit Funds From Operations White Paper - 2018 Restatement. FFO represents net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from real estate transactions, provision for impairment, real estate related depreciation and amortization (excluding amortization of deferred financing costs), unconsolidated JV real estate related depreciation & amortization, non-controlling interest in operating-partnership reconciling items related to non-controlling interests and after adjustments for unconsolidated partnerships and joint ventures. Management uses FFO as a supplemental performance measure because, in excluding real estate related depreciation and amortization and gains and losses from property dispositions and after adjustments for unconsolidated partnerships and joint ventures, it provides a performance measure that, when compared year over year, captures trends in occupancy rates, rental rates and operating costs. We also believe that, as a widely recognized measure of the performance of REITs, FFO will be used by investors as a basis to compare our operating performance with that of other REITs. However, because FFO excludes depreciation and amortization and captures neither the changes in the value of our data centers that result from use or market conditions, nor the level of capital expenditures and capitalized leasing commissions necessary to maintain the operating performance of our data centers, all of which have real economic effect and could materially impact our financial condition and results from operations, the utility of FFO as a measure of our performance is limited. Other REITs may not calculate FFO in accordance with the Nareit definition and, accordingly, our FFO may not be comparable to other REITs’ FFO. FFO should be considered only as a supplement to net income computed in accordance with GAAP as a measure of our performance. Core Funds from Operations (Core FFO): We present core funds from operations, or Core FFO, as a supplemental operating measure because, in excluding certain items that do not reflect core revenue or expense streams, it provides a performance measure that, when compared year over year, captures trends in our core business operating performance. We calculate Core FFO by adding to or subtracting from FFO (i) other non-core revenues adjustments, (ii) transaction and integration expenses, (iii) loss from early extinguishment of debt, (iv) gain on / issuance costs associated with redeemed preferred stock, (v) severance, equity acceleration, and legal expenses, (vi) gain/loss on FX revaluation, and (vii) other non-core expense adjustments. Because certain of these adjustments have a real economic impact on our financial condition and results from operations, the utility of Core FFO as a measure of our performance is limited. Other REITs may calculate core FFO differently than we do and accordingly, our Core FFO may not be comparable to other REITs’ core FFO. Core FFO should be considered only as a supplement to net income computed in accordance with GAAP as a measure of our performance. EBITDA and Adjusted EBITDA: We believe that earnings before interest, loss from early extinguishment of debt, income taxes, and depreciation and amortization, or EBITDA, and Adjusted EBITDA (as defined below), are useful supplemental performance measures because they allow investors to view our performance without the impact of non-cash depreciation and amortization or the cost of debt and, with respect to Adjusted EBITDA, unconsolidated joint venture real estate related depreciation & amortization, unconsolidated joint venture interest expense and tax expense, severance, equity acceleration, and legal expenses, transaction and integration expenses, gain on sale / deconsolidation, provision for impairment, other non-core adjustments, net, non-controlling interests, preferred stock dividends, and issuance costs associated with redeemed preferred stock. Adjusted EBITDA is EBITDA excluding unconsolidated joint venture real estate related depreciation & amortization, unconsolidated joint venture interest expense and tax, severance, equity acceleration, and legal expenses, transaction and integration expenses, gain on sale / deconsolidation, provision for impairment, other non-core adjustments, net, non-controlling interests, preferred stock dividends, and gain on / issuance costs associated with redeemed preferred stock. In addition, we believe EBITDA and Adjusted EBITDA are frequently used by securities analysts, investors and other interested parties in the evaluation of REITs. Because EBITDA and Adjusted EBITDA are calculated before recurring cash charges including interest expense and income taxes, exclude capitalized costs, such as leasing commissions, and are not adjusted for capital expenditures or other recurring cash requirements of our business, their utility as a measure of our performance is limited. Other REITs may calculate EBITDA and Adjusted EBITDA differently than we do and, accordingly, our EBITDA and Adjusted EBITDA may not be comparable to other REITs’ EBITDA and Adjusted EBITDA. Accordingly, EBITDA and Adjusted EBITDA should be considered only as supplements to net income computed in accordance with GAAP as a measure of our financial performance. Net Operating Income (NOI) and Cash NOI: Net operating income, or NOI, represents rental revenue, tenant reimbursement revenue and interconnection revenue less utilities expense, rental property operating expenses, property taxes and insurance expenses (as reflected in the statement of operations). NOI is commonly used by stockholders, company management and industry analysts as a measurement of operating performance of the company’s rental portfolio. Cash NOI is NOI less straight-line rents and above- and below-market rent amortization. Cash NOI is commonly used by stockholders, company management and industry analysts as a measure of property operating performance on a cash basis. However, because NOI and cash NOI exclude depreciation and amortization and capture neither the changes in the value of our data centers that result from use or market conditions, nor the level of capital expenditures and capitalized leasing commissions necessary to maintain the operating performance of our data centers, all of which have real economic effect and could materially impact our results from operations, the utility of NOI and cash NOI as measures of our performance is limited. Other REITs may calculate NOI and cash NOI differently than we do and, accordingly, our NOI and cash NOI may not be comparable to other REITs’ NOI and cash NOI. NOI and cash NOI should be considered only as supplements to net income computed in accordance with GAAP as measures of our performance. Same–Capital Cash NOI: Same-Capital Cash NOI represents buildings owned as of December 31, 2021 of the prior year with less than 5% of total rentable square feet under development excludes buildings that were undergoing, or were expected to undergo, development activities in 2022-2023, buildings classified as held for sale, and buildings sold or contributed to joint ventures for all periods presented (prior period numbers adjusted to reflect current same-capital pool). 4Q23 Financial Results 18

Appendix Forward-Looking Statements This information in this presentation contains forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Such forward-looking statements include statements relating to: our economic outlook; our expected investment and expansion activity; our joint ventures; the expected benefits and timing of PlatformDIGITAL®; the Data Gravity Index™; Data Gravity Index DGx™; public cloud services spending; the potential impact of artificial intelligence and data regulations; our sustainability initiatives; the expected effect of foreign currency translation adjustments on our financials; anticipated continued demand for our products and services; our liquidity; demand drivers and economic growth outlook; business drivers; our expected development plans and completions, including timing, total square footage, IT capacity and raised floor space upon completion; expected availability for leasing efforts and colocation initiatives; organizational initiatives; our product offerings; our connected data communities; joint venture opportunities; occupancy and total investment; our expected investment in our properties; our estimated time to stabilization and targeted returns at stabilization of our properties; our expected future acquisitions; acquisitions strategy; available inventory and development strategy; the signing and commencement of leases, and related rental revenue; lag between signing and commencement of leases; our 2023 backlog; future rents; our expected same store portfolio growth; our expected growth and stabilization of development completions and acquisitions; lease rollovers and expected rental rate changes; our re-leasing spreads; our expected yields on investments; our expectations with respect to capital investments at lease expiration on existing data center or colocation space; debt maturities; lease maturities; our other expected future financial and other results including guidance, and the assumptions underlying such results; our customers’ capital investments; our plans and intentions; future data center utilization, utilization rates, growth rates, trends, supply and demand; datacenter expansion plans; estimated kW/MW requirements; capital expenditures; the effect new leases and increases in rental rates will have on our rental revenues and results of operations; estimates of the value of our development portfolio; our ability to meet our liquidity needs, including the ability to raise additional capital; market forecasts; projected financial information and covenant metrics; Core FFO run rate and NOI growth; other forward looking financial data; leasing expectations; our exposure to tenants in certain industries; our expectations and underlying assumptions regarding our sensitivity to fluctuations in foreign exchange rates; and the sufficiency of our capital to fund future requirements. You can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “pro forma,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and discussions which do not relate solely to historical matters. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. Such statements are subject to risks, uncertainties and assumptions and are not guarantees of future performance and may be affected by known and unknown risks, trends, uncertainties and factors that are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Some of the risks and uncertainties that may cause our actual results, performance or achievements to differ materially from those expressed the suitability of our data centers and data center infrastructure, delays or disruptions in connectivity or availability of power, or failures or breaches of our physical and information security infrastructure or services; or implied by forward-looking statements include, among others, the following: reduced demand for data centers or decreases in information technology spending; decreased rental rates, increased operating costs or increased vacancy rates; increased competition or available supply of data center space; the suitability of our data centers and data center infrastructure, delays or disruptions in connectivity or availability of power, or failures or breaches of our physical and information security infrastructure or services; our dependence upon significant customers, bankruptcy or insolvency of a major customer or a significant number of smaller customers, or defaults on or non-renewal of leases by customers; our inability to successfully develop and lease new properties and development space, and delays or unexpected costs in development of properties; the impact of current global and local economic, credit and market conditions; information security and data privacy breaches; difficulties managing an international business and acquiring or operating properties in foreign jurisdictions and unfamiliar metropolitan areas; our failure to realize the intended benefits from, or disruptions to our plans and operations or unknown or contingent liabilities related to, our recent acquisitions; our failure to successfully integrate and operate acquired or developed properties or businesses; difficulties in identifying properties to acquire and completing acquisitions; risks related to joint venture investments, including as a result of our lack of control of such investments; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; our failure to obtain necessary debt and equity financing, and our dependence on external sources of capital; financial market fluctuations and changes in foreign currency exchange rates; adverse economic or real estate developments in our industry or the industry sectors that we sell to, including risks relating to decreasing real estate valuations and impairment charges and goodwill and other intangible asset impairment charges; our inability to manage our growth effectively; losses in excess of our insurance coverage; our inability to attract and retain talent; impact on our operations and on the operations of our customers, suppliers, and business partners during a pandemic, such as COVID-19; the expected operating performance of anticipated near-term acquisitions and descriptions relating to these expectations; environmental liabilities, risks related to natural disasters and our inability to achieve our sustainability goals; our inability to comply with rules and regulations applicable to our company; Digital Realty Trust, Inc.’s failure to maintain its status as a REIT for federal income tax purposes; Digital Realty Trust, L.P.’s failure to qualify as a partnership for federal income tax purposes; restrictions on our ability to engage in certain business activities; and changes in local, state, federal and international laws and regulations, including related to taxation, real estate and zoning laws and increases in real property tax rates; the impact of any financial, accounting, legal or regulatory issues or litigation that may affect us. The risks included here are not exhaustive, and additional factors could adversely affect our business and financial performance. We discussed a number of additional material risks in our annual report on Form 10-K for the year ended December 31, 2022, and other filings with the Securities and Exchange Commission. Those risks continue to be relevant to our performance and financial condition. Moreover, we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such risk factors on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We expressly disclaim any responsibility to update forward-looking statements, whether as a result of new information, future events or otherwise. Digital Realty, Digital Realty Trust, the Digital Realty logo, Interxion, Turn-Key Flex, Powered Base Building, PlatformDIGITAL, Data Gravity Index, Data Gravity Index DGx, ServiceFabric, AnyScale Colo, Pervasive Data Center Architecture (PDx) and Connected Data Communities are registered trademarks and service marks of Digital Realty Trust, Inc. in the United States and/or other countries. All other names, trademarks and service marks are the property of their respective owners. 4Q23 Financial Results 19

Reconciliation of Non-GAAP Items To Their Closest GAAP Equivalent 4Q23 Financial Results 20 December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Net income available to common stockholders $ 18,122 $ (6,093) $ 908,113 $ 337,147 Adjustments: Noncontrolling interests in operating partnership 410 (586) 20,710 7,914 Real estate related depreciation and amortization (1) 410,167 422,951 1,657,239 1,547,865 Depreciation related to non-controlling interests (15,377) (13,856) (57,477) (22,110) Real estate related depreciation and amortization related to investment in unconsolidated joint ventures 64,833 33,927 177,153 123,099 (Gain) on real estate transactions 103 572 (908,356) (177,332) Provision for impairment 5,363 3,000 118,363 3,000 FFO available to common stockholders and unitholders $ 483,621 $ 439,915 $ 1,915,745 $ 1,819,583 Basic FFO per share and unit $ 1.55 $ 1.49 $ 6.29 $ 6.23 Diluted FFO per share and unit $ 1.53 $ 1.45 $ 6.20 $ 6.03 Weighted average common stock and units outstanding Basic 311,960 295,199 304,651 292,123 Diluted 321,173 307,546 315,113 303,708 (1) Real estate related depreciation and amortization was computed as follows: Depreciation and amortization per income statement 420,475 430,130 1,694,859 1,577,933 Non-real estate depreciation (10,308) (7,179) (37,619) (30,068) $ 410,167 $ 422,951 $ 1,657,239 $ 1,547,865 December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 FFO available to common stockholders and unitholders -- basic and diluted $ 483,621 $ 439,915 $ 1,915,745 $ 1,819,583 Weighted average common stock and units outstanding 311,960 295,199 304,651 292,123 Add: Effect of dilutive securities 396 320 487 405 Weighted average common stock and units outstanding -- diluted 312,356 295,519 305,138 292,528 Three Months Ended Twelve Months Ended Twelve Months Ended Digital Realty Trust, Inc. and Subsidiaries Reconciliation of Net Income Available to Common Stockholders to Funds From Operations (FFO) (in thousands, except per share and unit data) (unaudited) Three Months Ended

Reconciliation of Non-GAAP Items To Their Closest GAAP Equivalent 4Q23 Financial Results 21 December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 FFO available to common stockholders and unitholders -- diluted $ 483,621 $ 439,915 $ 1,915,745 $ 1,819,583 Other non-core revenue adjustments (146) (3,786) 26,393 8,768 Transaction and integration expenses 40,226 17,350 84,722 68,766 Loss from early extinguishment of debt - - - 51,135 Severance, equity acceleration and legal expenses 7,565 15,980 18,054 23,498 (Gain) / Loss on FX revaluation (24,804) 14,564 (39,000) (24,694) Other non-core expense adjustments 1,956 3,615 3,905 12,388 CFFO available to common stockholders and unitholders -- diluted $ 508,417 $ 487,638 $ 2,009,820 $ 1,959,444 CFFO impact of holding '22 Exchange Rates Constant (3,781) - (3,964) - Constant Currency CFFO available to common stockholders and unitholders -- diluted $ 504,636 $ 487,638 $ 2,005,856 $ 1,959,444 Diluted CFFO per share and unit $ 1.63 $ 1.65 $ 6.59 $ 6.70 Diluted Constant Currency CFFO per share and unit $ 1.62 $ 1.65 $ 6.57 $ 6.70 Digital Realty Trust, Inc. and Subsidiaries Reconciliation of Funds From Operations (FFO) to Core Funds From Operations (CFFO) (in thousands, except per share and unit data) (unaudited) Three Months Ended Twelve Months Ended

Reconciliation of Non-GAAP Items To Their Closest GAAP Equivalent 4Q23 Financial Results 22 Before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Net income available to common stockholders $ 18,122 $ (6,093) $ 908,113 $ 337,147 Interest 113,638 86,882 437,741 299,132 Loss from early extinguishment of debt - - - 51,135 Income tax expense (benefit) 20,724 (17,676) 75,579 31,551 Depreciation and amortization 420,475 430,130 1,694,859 1,577,933 EBITDA 572,958 493,243 3,116,292 2,296,898 Unconsolidated JV real estate related depreciation & amortization 64,833 33,927 177,153 123,099 Unconsolidated JV interest expense and tax expense 42,140 53,481 119,801 93,247 Severance, equity acceleration and legal expenses 7,565 15,980 18,054 23,498 Transaction and integration expenses 40,226 17,350 84,722 68,766 (Gain) / loss on sale of investments 103 6 (900,531) (176,754) Provision for impairment 5,363 3,000 118,363 3,000 Other non-core adjustments, net (35,439) 15,127 (26,192) (2,192) Noncontrolling interests (8,419) (3,326) 1,474 2,455 Preferred stock dividends, including undeclared dividends 10,181 10,181 40,724 40,725 . Adjusted EBITDA $ 699,509 $ 638,969 $ 2,749,859 $ 2,472,743 Digital Realty Trust, Inc. and Subsidiaries Reconciliation of Net Income Available to Common Stockholders to Earnings (in thousands) (unaudited) Three Months Ended Twelve Months Ended

Reconciliation of Non-GAAP Items To Their Closest GAAP Equivalent 4Q23 Financial Results 23 December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Rental revenues $ 650,450 $ 607,181 $ 2,568,225 $ 2,369,161 Tenant reimbursements - Utilities 250,387 188,607 1,023,387 743,015 Tenant reimbursements - Other 36,497 30,807 135,956 125,395 Interconnection and other 87,952 80,042 345,225 322,000 Total Revenue 1,025,285 906,637 4,072,793 3,559,571 Utilities 281,194 213,169 1,146,241 825,570 Rental property operating 171,282 159,831 646,670 599,761 Property taxes 29,370 28,741 131,945 121,871 Insurance 3,477 3,642 14,731 13,999 Total Expenses 485,323 405,383 1,939,586 1,561,202 Net Operating Income $ 539,962 $ 501,255 $ 2,133,206 $ 1,998,369 Less: Stabilized straight-line rent $ 1,019 $ 10,585 $ (17,037) $ (3,420) Above and below market rent 855 1,207 4,206 5,090 Same Capital Cash Net Operating Income $ 538,088 $ 489,462 $ 2,146,037 $ 1,996,699 Same Capital Cash NOI impact of holding '22 Exchange Rates Constant (10,706) - $ (19,053) $ - Constant Currency Same Capital Cash Net Operating Income $ 527,382 $ 489,462 $ 2,126,984 $ 1,996,699 December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Total operating revenues $ 1,369,633 $ 1,233,108 $ 5,477,061 $ 4,691,834 less: Proforma disposition adjustment 1,022 (83,456) (198,826) (327,951) plus: Constant currency adjustment (3,781) - (3,964) - Total operating revenues (as adjusted) $ 1,366,874 $ 1,149,652 $ 5,274,271 $ 4,363,883 Three Months Ended Twelve Months Ended Three Months Ended Twelve Months Ended Digital Realty Trust, Inc. and Subsidiaries Reconciliation of Same Capital Cash Net Operating Income (in thousands) (unaudited)

Reconciliation of Non-GAAP Items To Their Closest GAAP Equivalent 24 Note: For Quarter ended March 31, 2023. 4Q23 Financial Results Total Debt/Total Enterprise Value QE 03/31/23 Market value of common equity(i) $ 29,272,861 Liquidation value of preferred equity(ii) 755,000 Total GAAP interest expense (including unconsolidated JV interest expense) 113,931 Total debt at balance sheet carrying value 17,875,511 Add: Capitalized interest 26,771 Total Enterprise Value $ 47,903,372 GAAP interest expense plus capitalized interest 140,702 Total debt / total enterprise value 37.3% Debt-plus-preferred-to-total-enterprise-value 38.9% Debt Service Ratio 4.7x (i) Market Value of Common Equity Common shares outstanding 291,299 Common units outstanding 6,462 QE 03/31/23 Total Shares and Partnership Units 297,761 Fixed Charged Ratio (LQA Adjusted EBITDA/total fixed charges) Stock price as of March 31, 2023 $ 98.31 Market value of common equity $ 29,272,861 GAAP interest expense plus capitalized interest 140,702 Preferred dividends 10,181 (ii) Liquidation value of preferred equity ($25.00 per share) Total fixed charges 150,884 Shares O/S Liquidation Value Series J Preferred 8,000 200,000 Fixed charge ratio 4.4x Series K Preferred 8,400 210,000 Series L Preferred 13,800 345,000 755,000 (iv) QE 03/31/23 Unsecured Debt/Total Debt Net Debt/LQA Adjusted EBITDA QE 03/31/23 Global unsecured revolving credit facility 2,514,202 Total debt at balance sheet carrying value $ 17,875,511 Unsecured term loans 1,542,275 Add: DLR share of unconsolidated joint venture debt 1,123,360 Unsecured senior notes, net of discount 13,258,079 Add: Capital lease obligations, net 335,910 Secured debt, including premiums 560,955 Less: Unrestricted cash (361,380) Capital lease obligations, net 335,910 Net Debt as of March 31, 2023 $ 18,973,401 Total debt at balance sheet carrying value 18,211,421 Net Debt / LQA Adjusted EBITDA(iii) 7.1x Unsecured Debt / Total Debt 96.9% (iii) Adjusted EBITDA Net Debt Plus Preferred/LQA Adjusted EBITDA QE 03/31/23 Net loss available to common stockholders $ 58,547 Total debt at balance sheet carrying value 17,875,511 Interest expense 102,220 Less: Unrestricted cash (361,380) Taxes 21,454 Capital lease obligations, net 335,910 Depreciation and amortization 421,198 DLR share of unconsolidated joint venture debt 1,123,360 EBITDA 603,419 Net Debt as of March 31, 2023 18,973,401 Preferred Liquidation Value (iv) 755,000 Unconsolidated JV real estate related depreciation & amortization 33,719 Net Debt plus preferred 19,728,401 Unconsolidated JV interest expense and tax expense 18,556 Severance accrual and equity acceleration and legal expenses 4,155 Net Debt Plus Preferred/LQA Adjusted EBITDA(iii) 7.4x Transaction and integration expenses 12,267 Other non-core adjustments, net (14,604) Noncontrolling interests 111 Preferred stock dividends, including undeclared dividends 10,181 Adjusted EBITDA $ 667,804 LQA Adjusted EBITDA (Adjusted EBITDA x 4) $ 2,671,214 Debt Service Ratio (LQA Adjusted EBITDA/GAAP interest expense plus capitalized interest and less bridge facility fees)

Reconciliation of Non-GAAP Items To Their Closest GAAP Equivalent 25 Total Debt/Total Enterprise Value QE 06/30/23 Market value of common equity(i) $ 34,812,727 Liquidation value of preferred equity(ii) 755,000 Total GAAP interest expense (including unconsolidated JV interest expense) 127,468 Total debt at balance sheet carrying value 17,729,452 Add: Capitalized interest 27,883 Total Enterprise Value $ 53,297,179 GAAP interest expense plus capitalized interest 155,351 Total debt / total enterprise value 33.3% Debt-plus-preferred-to-total-enterprise-value 34.7% Debt Service Ratio 4.5x (i) Market Value of Common Equity Common shares outstanding 299,240 Common units outstanding 6,483 QE 06/30/23 Total Shares and Partnership Units 305,723 Fixed Charged Ratio (LQA Adjusted EBITDA/total fixed charges) Stock price as of June 30, 2023 $ 113.87 Market value of common equity $ 34,812,727 GAAP interest expense plus capitalized interest 155,351 Preferred dividends 10,181 (ii) Liquidation value of preferred equity ($25.00 per share) Total fixed charges 165,533 Shares O/S Liquidation Value Series J Preferred 8,000 200,000 Fixed charge ratio 4.2x Series K Preferred 8,400 210,000 Series L Preferred 13,800 345,000 755,000 (iv) QE 06/30/23 Unsecured Debt/Total Debt Net Debt/LQA Adjusted EBITDA QE 06/30/23 Global unsecured revolving credit facility 2,242,258 Total debt at balance sheet carrying value $ 17,729,452 Unsecured term loans 1,548,780 Add: DLR share of unconsolidated joint venture debt 1,118,743 Unsecured senior notes, net of discount 13,383,819 Add: Capital lease obligations, net 319,635 Secured debt, including premiums 554,594 Less: Unrestricted cash (324,938) Capital lease obligations, net 319,635 Net Debt as of June 30, 2023 $ 18,842,893 Total debt at balance sheet carrying value 18,049,086 Net Debt / LQA Adjusted EBITDA(iii) 6.8x Unsecured Debt / Total Debt 96.9% (iii) Adjusted EBITDA Net Debt Plus Preferred/LQA Adjusted EBITDA QE 06/30/23 Net loss available to common stockholders $ 108,003 Total debt at balance sheet carrying value 17,729,452 Interest expense 111,116 Less: Unrestricted cash (324,938) Taxes 16,173 Capital lease obligations, net 319,635 Depreciation and amortization 432,573 DLR share of unconsolidated joint venture debt 1,118,743 EBITDA 667,866 Net Debt as of June 30, 2023 18,842,893 Preferred Liquidation Value (iv) 755,000 Unconsolidated JV real estate related depreciation & amortization 35,386 Net Debt plus preferred 19,597,893 Unconsolidated JV interest expense and tax expense 32,105 Severance accrual and equity acceleration and legal expenses 3,652 Net Debt Plus Preferred/LQA Adjusted EBITDA(iii) 7.0x Transaction and integration expenses 17,764 (Gain) / loss on sale of investments (89,946) Other non-core adjustments, net 22,132 Impairment of investments in real estate - Noncontrolling interests (2,538) Preferred stock dividends, including undeclared dividends 10,181 Adjusted EBITDA $ 696,604 LQA Adjusted EBITDA (Adjusted EBITDA x 4) $ 2,786,415 Debt Service Ratio (LQA Adjusted EBITDA/GAAP interest expense plus capitalized interest and less bridge facility fees) Note: For Quarter ended June 30, 2023. 4Q23 Financial Results

Reconciliation of Non-GAAP Items To Their Closest GAAP Equivalent Note: For Quarter ended September 30, 2023. 4Q23 Financial Results 26 Total Debt/Total Enterprise Value QE 09/30/23 Market value of common equity(i) $ 37,434,562 Liquidation value of preferred equity(ii) 755,000 Total GAAP interest expense (including unconsolidated JV interest expense) 129,948 Total debt at balance sheet carrying value 16,869,776 Add: Capitalized interest 29,130 Total Enterprise Value $ 55,059,338 GAAP interest expense plus capitalized interest 159,078 Total debt / total enterprise value 30.6% Debt-plus-preferred-to-total-enterprise-value 32.0% Debt Service Ratio 4.3x (i) Market Value of Common Equity Common shares outstanding 302,846 Common units outstanding 6,479 QE 09/30/23 Total Shares and Partnership Units 309,325 Fixed Charged Ratio (LQA Adjusted EBITDA/total fixed charges) Stock price as of September 30, 2023 $ 121.02 Market value of common equity $ 37,434,562 GAAP interest expense plus capitalized interest 159,078 Preferred dividends 10,181 (ii) Liquidation value of preferred equity ($25.00 per share) Total fixed charges 169,259 Shares O/S Liquidation Value Series J Preferred 8,000 200,000 Fixed charge ratio 4.1x Series K Preferred 8,400 210,000 Series L Preferred 13,800 345,000 755,000 (iv) QE 09/30/23 Unsecured Debt/Total Debt Net Debt/LQA Adjusted EBITDA QE 09/30/23 Global unsecured revolving credit facility 1,698,780 Total debt at balance sheet carrying value $ 16,869,776 Unsecured term loans 1,524,663 Add: DLR share of unconsolidated joint venture debt 1,463,211 Unsecured senior notes, net of discount 13,072,102 Add: Capital lease obligations, net 306,538 Secured debt, including premiums 574,231 Less: Unrestricted cash (1,275,978) Capital lease obligations, net 306,538 Net Debt as of September 30, 2023 $ 17,363,548 Total debt at balance sheet carrying value 17,176,314 Net Debt / LQA Adjusted EBITDA(iii) 6.3x Unsecured Debt / Total Debt 96.7% (iii) Adjusted EBITDA Net Debt Plus Preferred/LQA Adjusted EBITDA QE 09/30/23 Net loss available to common stockholders $ 723,440 Total debt at balance sheet carrying value 16,869,776 Interest expense 110,767 Less: Unrestricted cash (1,275,978) Taxes 17,228 Capital lease obligations, net 306,538 Depreciation and amortization 420,613 DLR share of unconsolidated joint venture debt 1,463,211 EBITDA 1,272,048 Net Debt as of September 30, 2023 17,363,548 Preferred Liquidation Value (iv) 755,000 Unconsolidated JV real estate related depreciation & amortization 43,214 Net Debt plus preferred 18,118,548 Unconsolidated JV interest expense and tax expense 27,000 Severance accrual and equity acceleration and legal expenses 2,682 Net Debt Plus Preferred/LQA Adjusted EBITDA(iii) 6.6x Transaction and integration expenses 14,465 (Gain) / loss on sale of investments (810,688) Other non-core adjustments, net 1,719 Provision for impairment 113,000 Noncontrolling interests 12,320 Preferred stock dividends 10,181 Adjusted EBITDA $ 685,943 LQA Adjusted EBITDA (Adjusted EBITDA x 4) $ 2,743,770 Debt Service Ratio (LQA Adjusted EBITDA/GAAP interest expense plus capitalized interest and less bridge facility fees)

Reconciliation of Non-GAAP Items To Their Closest GAAP Equivalent Note: For Quarter ended December 31, 2023. 4Q23 Financial Results 27 Total Debt/Total Enterprise Value QE 12/31/23 Market value of common equity(i) $ 42,804,053 Liquidation value of preferred equity(ii) 755,000 Total GAAP interest expense (including unconsolidated JV interest expense) 143,052 Total debt at balance sheet carrying value 17,425,908 Add: Capitalized interest 33,032 Total Enterprise Value $ 60,984,961 GAAP interest expense plus capitalized interest 176,084 Total debt / total enterprise value 28.6% Debt-plus-preferred-to-total-enterprise-value 29.8% Debt Service Ratio 4.0x (i) Market Value of Common Equity Common shares outstanding 311,608 Common units outstanding 6,449 QE 12/31/23 Total Shares and Partnership Units 318,057 Fixed Charged Ratio (LQA Adjusted EBITDA/total fixed charges) Stock price as of December 31, 2023 $ 134.58 Market value of common equity $ 42,804,053 GAAP interest expense plus capitalized interest 176,084 Preferred dividends 10,181 (ii) Liquidation value of preferred equity ($25.00 per share) Total fixed charges 186,265 Shares O/S Liquidation Value Series J Preferred 8,000 200,000 Fixed charge ratio 3.8x Series K Preferred 8,400 210,000 Series L Preferred 13,800 345,000 755,000 (iv) QE 12/31/23 Unsecured Debt/Total Debt Net Debt/LQA Adjusted EBITDA QE 12/31/23 Global unsecured revolving credit facility 1,812,287 Total debt at balance sheet carrying value $ 17,425,908 Unsecured term loans 1,560,305 Add: DLR share of unconsolidated joint venture debt 1,534,744 Unsecured senior notes, net of discount 13,422,342 Add: Capital lease obligations, net 315,178 Secured debt, including premiums 630,973 Less: Unrestricted cash (1,898,342) Capital lease obligations, net 315,178 Net Debt as of September 30, 2023 $ 17,377,488 Total debt at balance sheet carrying value 17,741,085 Net Debt / LQA Adjusted EBITDA(iii) 6.2x Unsecured Debt / Total Debt 96.4% (iii) Adjusted EBITDA Net Debt Plus Preferred/LQA Adjusted EBITDA QE 12/31/23 Net loss available to common stockholders $ 18,122 Total debt at balance sheet carrying value 17,425,908 Interest expense 113,638 Less: Unrestricted cash (1,898,342) Taxes 20,724 Capital lease obligations, net 315,178 Depreciation and amortization 420,475 DLR share of unconsolidated joint venture debt 1,534,744 EBITDA 572,958 Net Debt as of September 30, 2023 17,377,488 Preferred Liquidation Value (iv) 755,000 Unconsolidated JV real estate related depreciation & amortization 64,833 Net Debt plus preferred 18,132,488 Unconsolidated JV interest expense and tax expense 42,140 Severance accrual and equity acceleration and legal expenses 7,565 Net Debt Plus Preferred/LQA Adjusted EBITDA(iii) 6.5x Transaction and integration expenses 40,226 (Gain) / loss on sale of investments 103 Other non-core adjustments, net (35,439) Impairment of investments in real estate 5,363 Noncontrolling interests (8,419) Preferred stock dividends 10,181 Adjusted EBITDA $ 699,509 LQA Adjusted EBITDA (Adjusted EBITDA x 4) $ 2,798,037 Debt Service Ratio (LQA Adjusted EBITDA/GAAP interest expense plus capitalized interest and less bridge facility fees)

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