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Portfolio Overview

SGX Symbol: ( %) Last Updated

Portfolio Key Highlights

11

Data centres

$1.5

Billion of
portfolio value

1.2

Million net rentable square feet

99%

Occupancy as at
30 Jun 2022

100%

Freehold

5

Top tier
data centre metros

5.2

Years Weighted Average Lease Expiry by Base Rental Income as of
30 Jun 2022

100%

insulated from
energy cost

Digital Core Reit Map
Silicon Valley

Silicon Valley

Silicon Valley

4

Data Centres

$479mm

Value (US$)

414k

Square Feet

100%

Occupancy

More Details
Los Angeles

Los Angeles

Los Angeles

2

Data Centres

$129mm

Value (US$)

197k

Square Feet

100%

Occupancy

More Details
Toronto

Toronto

Toronto

1

Data Centre

$203mm

Value (US$)

104k

Square Feet

100%

Occupancy

More Details
Northern Virginia

Northern Virginia

Northern Virginia

3

Data Centres

$629mm

Value (US$)

494k

Square Feet

100%

Occupancy

More Details
Frankfurt

Frankfurt

Frankfurt

1

Data Centre

$558mm

Value (US$)
[Based on 100%]

450k

Square Feet

91%

Occupancy

More Details
Silicon Valley slide 1

Silicon Valley

3011 Lafayette Street

3011 Lafayette Street, Santa Clara, CA 95054

Property Description

The Property is a two-story carrier-neutral data centre that was completed in 2000 but underwent renovation in 2007. Located in the heart of Silicon Valley near Highway 101, the Property comprises of approximately 90,780 sq ft of NRSF and is close proximity to the Donald Von Raesfield Power Plant as at 30 June 2021. The Property includes 6 data hall suites with a total critical power of 6.0 MW as at 30 June 2021.

The Property is 100% leased, with majority of the space leased to a Fortune Global 500 and S&P 100 global social media platform which is listed on the NASDAQ that engages in the development of applications for people to connect through mobile devices, personal computers and other surfaces.

Summary of Selected Information

The table below sets out a summary of selected information on 3011 Lafayette Street.

Address 3011 Lafayette Street, Santa Clara, CA 95054
Land Lease Title Freehold
Completion Year 2000
Year of Last Refurbishment 2007
Occupancy (as at 30 June 2021) (%) 100.0(1)
Number of Floors 2
NRSF (sq ft) 90,780
FY2022E Net Property Income (US$ mm) 7.7
Valuation by Newmark (US$ mm) 150.0
Valuation by Cushman (US$ mm) 185.5
Appraised Value (US$ mm) 185.5
Purchase Consideration (US$ mm) 166.5
Number of Customers 4
WALE by Base Rental Income for the Month of June 2021 (years) 3.7
WALE by NRSF (years) 3.7
Silicon Valley slide 2

Silicon Valley

1500 Space Park Drive

1500 Space Park Drive, Santa Clara, California 95054

Property Description

The Property is a two-story colocation data centre that was completed in 1977 but underwent renovation in 2008. Located in the heart of Silicon Valley, the Property contains approximately 51,615 sq ft of NRSF with approximately 31,900 sq ft of raised floor space. The Property is designed with an N + 1 redundancy on the critical components with a total critical power of 4.9 MW as at 30 June 2021. Besides being in the Silicon Valley / Bay Area, the Property is also located near Highway 101 and three cost-effective sub-stations of the power grids of Silicon Valley Power.

The Property is 100% leased on a triple-net basis, with majority of the space leased to a global data centre colocation and interconnection provider to leading enterprises and U.S. federal government agencies that is listed on the NASDAQ as at 30 June 2021.

The Property is Gold LEED certified.

Summary of Selected Information

The table below sets out a summary of selected information on 1500 Space Park Drive.

Address 1500 Space Park Drive, Santa Clara, California 95054
Land Lease Title Freehold
Completion Year 1977
Year of Last Refurbishment 2008
Occupancy (as at 30 June 2021) (%) 100%
Number of Floors 2
NRSF (sq ft) 51,615
FY2022E Net Property Income (US$ mm) 5.9
Valuation by Newmark (US$ mm) 100.2
Valuation by Cushman (US$ mm) 113.0
Appraised Value (US$ mm) 113.0
Purchase Price (US$ mm) 101.7
Number of Customers 1
WALE by Base Rental Income for the Month of June 2021 (years) 13.2
WALE by NRSF (years) 13.2
Silicon Valley slide 3 Silicon Valley slide 4

Silicon Valley

2401 & 2403 Walsh Avenue

2401 & 2403 Walsh Avenue, Santa Clara, CA 95051

Property Description

2401 Walsh Avenue

The Property is a two-story Tier III powered shell data centre facility comprising of administrative office and support space. While the Property was completed in 1973, there were subsequent improvements completed in 2001. As at 30 June 2021, the Property contains approximately 167,932 sq ft of NRSF and/or net rentable building area with approximately 100,512 sq ft of raised floor space. The Property is designed with an N+1 redundancy on the critical components with a total critical power of 4.8 MW as at 30 June 2021.

2403 Walsh Avenue

The Property is a two-story Tier III1 powered shell data centre facility which comprises of administrative office and support space located in a one-story, plus mezzanine masonry building. While the Property was completed in 1996, there have been subsequent improvements done in 2000. As at 30 June 2021, the Property contains approximately 103,940 sq ft of NRSF and/or net rentable building area with approximately 64,323 sq ft of raised floor space. The Property is designed with an N+1 redundancy on the critical components with a total critical power of 4.8 MW.

Both Properties are located on the north side of Walsh Avenue, just east of Northwestern Parkway and South of Central Expressway within the city limits of Santa Clara, Santa Clara County, California. Also in close proximity to major highways (e.g. Bayshore Freeway (U.S. Highway 101) and Lawrence Expressway), and major transportation networks such as the Valley Transportation Authority light rail and the San Jose International Airport.

Both Properties are 100% leased on a triple-net basis to a global data centre colocation and interconnection provider to leading enterprises and U.S. federal government agencies that is listed on the NASDAQ as at 30 June 2021.

4Estimated by Cushman & Wakefield of North Carolina, Inc., one of the Independent Valuers.

Summary of Selected Information

The table below sets out a summary of selected information on 2401 Walsh Avenue.

Address 2401 Walsh Avenue, Santa Clara, CA 95051
Land Lease Title Freehold
Completion Year 1973
Year of Last Refurbishment 2001
Occupancy (as at 30 June 2021) (%) 100%
Number of Floors 2
NRSF (sq ft) 167,932
FY2022E Net Property Income (US$ mm) 4.9
Valuation by Newmark (US$ mm) 107.0
Valuation by Cushman (US$ mm) 112.0
Appraised Value (US$ mm) 112.0
Purchase Price (US$ mm) 100.8
Number of Customers 1
WALE by Base Rental Income for the Month of June 2021 (years) 11.7
WALE by NRSF (years) 11.7

The table below sets out a summary of selected information on 2403 Walsh Avenue.

Address 2403 Walsh Avenue, Santa Clara, CA 95051
Land Lease Title Freehold
Completion Year 1996
Year of Last Refurbishment 2000
Occupancy (as at 30 June 2021) (%) 100%
Number of Floors 2
NRSF (sq ft) 103,940
FY2022E Net Property Income (US$ mm) 3.1
Valuation by Newmark (US$ mm) 67.0
Valuation by Cushman (US$ mm) 69.2
Appraised Value (US$ mm) 69.2
Purchase Price (US$ mm) 62.3
Number of Customers 1
WALE by Base Rental Income for the Month of June 2021 (years) 11.7
WALE by NRSF (years) 11.7
Los Angeles slide 1

Los Angeles

200 North Nash Street

200 N. Nash Street, El Segundo, CA 90245

Property Description

The Property is a two-story powered shell data centre facility completed in 1976. The Property was leased as an improved shell, whereby tenant is responsible for maintenance and replacement of all the mechanical and electrical systems (including all infrastructure and interior finish). As at 30 June 2021, the Property has approximately 113,606 sq ft of NRSF with approximately 60,000 sq ft improved with raised floors. The Property is designed with N+1 redundancy on the critical components.

The Property is located within the South Bay area of Los Angeles County, in the City of El Segundo, and in close proximity to Los Angeles International Airport, and major highways such as San Diego (Interstate 405) and Long Beach (Interstate 710).

The Property is 100% leased on a triple-net basis to a global data centre colocation and interconnection provider to leading enterprises and U.S. federal government agencies that is listed on the NASDAQ as at 30 June 2021.

Summary of Selected Information

The table below sets out a summary of selected information on 200 North Nash Street.

Address 200 N. Nash Street, El Segundo, CA 90245
Land Lease Title Freehold
Completion Year 1976
Year of Last Refurbishment NA
Occupancy (as at 30 June 2021) (%) 100%
Number of Floors 2
NRSF (sq ft) 113,606
FY2022E Net Property Income (US$ mm) 3.2
Valuation by Newmark (US$ mm) 62.0
Valuation by Cushman (US$ mm) 71.1
Purchase Price (US$ mm) 71.1
Purchase Consideration (US$ mm) 64.0
Number of Customers 1
WALE by Base Rental Income for the Month of June 2021 (years) 11.7
WALE by NRSF (years) 11.7
Los Angeles slide 2

Los Angeles

3015 Winona Avenue

3015 Winona Ave, Burbank, CA 91504

Property Description

The Property is a two-story powered shell data centre facility completed in 1991. The Property was leased as an improved shell, whereby tenant is responsible for maintenance and replacement of all the mechanical and electrical systems (including all infrastructure and interior finish). As at 30 June 2021, the Property has approximately 82,911 sq ft of NRSF with approximately 60,000 sq ft improved with raised floors. The Property is designed with N+1 redundancy on the critical components.

The Property is located in Burbank which is known as the “media capital of the world”, and is home to Warner Brothers, WALE Disney Company, and Burbank Studios. NBC Universal City and the CBS Studio Centre are also nearby, as is the DreamWorks campus. Besides being in close proximity to Burbank Airport, the Property is also well connected to the interstate network by the Golden State Freeway (I-5) as well as the Hollywood Freeway (State Route170/101) and the Ventura Freeway.

The Property is 100% leased on a triple-net basis to a global data centre colocation and interconnection provider to leading enterprises and U.S. federal government agencies that is listed on the NASDAQ as at 30 June 2021.

Summary of Selected Information

The table below sets out a summary of selected information on 3015 Winona Avenue.

Address 3015 Winona Ave, Burbank, CA 91504
Land Lease Title Freehold
Completion Year 1991
Year of Last Refurbishment 1999
Occupancy (as at 30 June 2021) (%) 100%
Number of Floors 2
NRSF (sq ft) 82,911
FY2022E Net Property Income (US$ mm) 2.6
Valuation by Newmark (US$ mm) 49.0
Valuation by Cushman (US$ mm) 57.8
Appraised Value (US$ mm) 57.8
Purchase Price (US$ mm) 52.0
Number of Customers 1
WALE by Base Rental Income for the Month of June 2021 (years) 13.6
WALE by NRSF (years) 13.6
Toronto slide 1

Toronto

371 Gough Road

371 Gough Road, Markham, Ontario, Canada, L3R 4B6

Property Description

The Property is a one-story data centre facility with a two-story office area located on the west portion of building and occupies a 435,600 sq ft site alongside established fibre routes. The original building of the Property completed its’ construction in 1980 and went through a major renovation over 2014 / 2015 as part of its conversion into a data centre operation. As at 30 June 2021, the Property contains 104,308 sq ft of NRSF. The data centre space includes five pods with independent infrastructure at N+2 redundancy, for a total of 50,000 sq ft of operational space and total critical power of 6.8 MW as at 30 June 2021.

The Property is strategically located in Canada's high-tech capital (Markham, Ontario) and is approximately 17 miles north of the financial district in downtown Toronto.

The Property is currently fully occupied and serves four customers across the Connectivity, Cloud and IT Services sectors.

Summary of Selected Information

The table below sets out a summary of selected information on 371 Gough Road.

Address 371 Gough Road, Markham Ontario, Canada, L3R 4B6
Land Lease Title Freehold
Completion Year 1980
Year of Last Refurbishment 2015
Occupancy (as at 30 June 2021) (%) 100%
Number of Floors 1
NRSF (sq ft) 104,308
FY2022E Net Property Income (US$ mm) 10.6
Valuation by Newmark (US$ mm) 182.0
Valuation by Cushman (US$ mm) 203.3
Appraised Value (US$ mm) 203.3
Purchase Price (US$ mm) 183.0
Number of Customers 6
WALE by Base Rental Income for the Month of June 2021 (years) 5.5
WALE by NRSF (years) 5.6

1Excludes 11,500 square feet of empty shell space not feasible to build out as data centre capacity and space used by the property manager as office to provide property management services in relation to the Property.

Virgina slide 1

Northern Virginia

44520 Hastings Drive (ACC3)

44520 Hastings Drive Ashburn, VA 20147

Property Description

The Property is a one-story Tier III data centre facility located within the 740,520 sq ft of the Sponsor’s Ashburn Corporate Campus in the Ashburn area of Loudoun County, Virginia. The Property was constructed as a shell in 2001 with building systems installed in 2006. As at 30 June 2021, the Property contains approximately147,000 sq. ft. of NRSF, which includes approximately 79,600 sq. ft. of rentable data centre, approximately 5,738 sq. ft. of rentable storage space, with the remaining attributable as service and support space. The Property is designed with an N+1 redundancy on the critical components with a total critical power of 13.0 MW as at 30 June 2021.

The Property is located within Loudoun County’s “Data Centre Alley” which is part of the Northern Virginia data centre market, which is the largest data market in the world. Additionally, the Property is close in proximity to the MAE-East internet exchange point, providing premier connectivity and access to an extensive fibre network already in place. This Northern Virginia data centre campus also provides access to the Sponsor’s robust ecosystem via Service Exchange as well as metro connect and campus connect availability.

In addition, the Property is proximate to (i) major toll roads, such as Dulles Toll Road, (ii) state highways such as Loudoun County Parkway and Route 28, (iii) north of Dulles International Airport and (iv) approximately 30 miles northwest of Washington, DC. The Property is rated Energy Star and 100% leased on a triple-net basis to a global cloud services provider that develops, licenses and sell both software products and services and hardware devices as at 30 June 2021.

1Estimated by Cushman & Wakefield of North Carolina, Inc., one of the Independent Valuers.

Summary of Selected Information

The table below sets out a summary of selected information on 44520 Hastling Drive (ACC3).

Address 44520 Hastings Drive, Ashburn, VA 20147
Land Lease Title Freehold
Completion Year 2006
Year of Last Refurbishment NA
Occupancy (as at 30 June 2021) (%) 100%
Number of Floors 1
NRSF (sq ft) 147,000
FY2022E Net Property Income (US$ mm) 15.9
Valuation by Newmark (US$ mm) 318.0
Valuation by Cushman (US$ mm) 318.0
Appraised Value (US$ mm) 318.0
Purchase Consideration (US$ mm) 286.2
Number of Customers 1
WALE by Base Rental Income for the Month of June 2021 (years) 3.9
WALE by NRSF (years) 3.9
Virgina slide 2

Northern Virginia

8217 Linton Hall Road (VA4)

8217 Linton Hall Rd, Bristow, VA 20136

Property Description

The Property is a one-story Tier III data centre facility that was completed in 2000. As at 30 June 2021, the Property contains approximately 230,000 sq ft of NRSF, which includes approximately 90,000 sq ft of rentable data centre space and approximately 140,000 sq ft of service and support space. The Property is designed with an N+2 redundancy on the critical components with a total critical power of 9.6 MW as at 30 June 2021.

The Property is positioned just east of Lindon Hall in a transition area between heavy industrial uses to the east and residential development to the west and is proximate to Dulles International Airport, which is 20 miles north in Loudoun and Fairfax Counties. The Property is Energy Star certified.

The Property is 100% leased on a triple-net basis to a global cloud services provider that develops, licenses and sell both software products and services and hardware devices as at 30 June 2021.

2Estimated by Cushman & Wakefield of North Carolina, Inc., one of the Independent Valuers.

Summary of Selected Information

The table below sets out a summary of selected information on 8217 Linton Hall Road (VA4).

Address 8217 Linton Hall Rd, Bristow, VA 20136
Land Lease Title Freehold
Completion Year 2000
Year of Last Refurbishment NA
Occupancy (as at 30 June 2021) (%) 100%
Number of Floors 1
NRSF (sq ft) 230,000
FY2022E Net Property Income (US$ mm) 11.3
Valuation by Newmark (US$ mm) 220.0
Valuation by Cushman (US$ mm) 261.0
Appraised Value (US$ mm) 261.0
Purchase Consideration (US$ mm) 234.9
Number of Customers 1
WALE by Base Rental Income for the Month of June 2021 (years) 4.0
WALE by NRSF (years) 4.0
Virginia slide 3

Northern Virginia

43831 Devin Shafron Drive (Bldg. C)

43831 Devin Shafron Drive Bldg C, Ashburn, VA

Property Description

The Property is a one-story Tier III powered shell data centre facility located within the Ashburn Corporate Campus in the Ashburn area of Loudoun County, Virginia. The Property is part of the Digital Realty Loudoun Ashburn Campus, an eight-data centre complex. The Property was constructed in 2001 and contains 117,071 sq ft of NRSF as at 30 June 2021.

Similar to 44520 Hastings Drive (ACC3), the Property is located within Loudoun County’s “Data Centre Alley” part of the Northern Virginia data centre market in proximity to the MAE East Internet Exchange Point, providing premier connectivity and access to an extensive fibre network already in place.

Located across the east side of Hasting Drive between Chilum Place and Smith Switch Road, the Property is also in close proximity to major toll roads (e.g. Dulles Toll Road), and state highways such as Loudoun County Parkway and Route 28. The Property is also north of Dulles International Airport and approximately 30 miles northwest of Washington, DC.

The Property is 100% leased on a triple-net basis to a global cloud services provider focused on e-commerce, cloud computing, digital streaming, and artificial intelligence. The customer has been at the Property since completion.

3Estimated by Cushman & Wakefield of North Carolina, Inc., one of the Independent Valuers.

Summary of Selected Information

The table below sets out a summary of selected information on 43831 Devin Shafron Drive (Bldg. C).

Address 43831 Devin Shafron Drive Bldg C, Ashburn, VA
Land Lease Title Freehold
Completion Year 2001
Year of Last Refurbishment NA
Occupancy (as at 30 June 2021) (%) 100%
Number of Floors 1
NRSF (sq ft) 117,071
FY2022E Net Property Income (US$ mm) 1.8
Valuation by Newmark (US$ mm) 43.0
Valuation by Cushman (US$ mm) 50.1
Appraised Value (US$ mm) 50.1
Purchase Price (US$ mm) 45.1
Number of Customers 1
WALE by Base Rental Income for the Month of June 2021 (years) 4.8
WALE by NRSF (years) 4.8
Aerial view of Frankfurt facility

Frankfurt

Digital Frankfurt (Sossenheim)

Wilhelm-Fay-Straße 15 and Wilhelm-Fay-Straße 24, Frankfurt, Germany

Property Description

Digital Frankfurt is a purpose-built data centre facility, with the last phase of development completed in 2022. As at 30 June 2022, Digital Frankfurt contains approximately 450,662 NRSF. The table below sets out a summary of selected information on the property.

Summary of Selected Information

The table below sets out a summary of selected information on the Frankfurt Facility as at 30 June 2022, unless otherwise indicated.

Address Wilhelm-Fay-Straße 15 and Wilhelm-Fay-Straße 24, Frankfurt, Germany
Land Lease Title Freehold
Completion Year 2017 (Phase 1) / 2022 (Phase IV)
Property Type Fully-Fitted
NRSF (sq. ft.) 450,662
Customer IT Load (kW) 34,098

Portfolio Characteristics

Concentrated in top-tier data centre metros characterised by robust and diverse data centre demand

Fully-occupied by a large and growing blue-chip customer base data centre demand

Generating a stable and growing cash flow stream

Benefits from support by the Sponsor’s global data centre platform

Designed, built and operated in line with Digital Realty commitment to sustainable solutions

High-Quality Customer Base

Digital Core REIT’s top customers in portfolio consist of Fortune Global 500 cloud companies, global colocation and interconnection providers, social media platforms and IT services companies.

With the recently completed Frankfurt acquisition in December 2022, the Portfolio expanded from 16 to 23 strategically important customers, including multinational corporations and leading organisations in their respective sectors. The table below sets out selected information on the top ten customers by percentage of annualized rent as of 30 June 2022, including the Frankfurt data centre acquisition.

High-Quality Customer Base table

Notes:

(1) Based on the credit ratings of the customer parent entity. The direct customers may be the parent entities or their subsidiaries or affiliates and there can be no assurance that a customer parent entity will satisfy the customer’s lease obligations upon such customer’s default.

(2) Calculated based on a 90.0% stake in the existing portfolio and a 25.0% stake in the Frankfurt Facility