Presentation on theme: "Mark Wilson, CPA: understanding Digital Realty Trust, Inc.(NYSE:DLR) Digital Realty Trust, L.P."— Presentation transcript:
Mark Wilson, CPA: understanding Digital Realty Trust, Inc.(NYSE:DLR) Digital Realty Trust, L.P.
Overview: NYSE Traded REIT with a $8B market cap; largest wholesale provider of datacenters in the world. 102 Properties/19.1M Sq.Ft.
Typical UPREIT Structure:
Digital Realty Tenant Value Proposition % Uptime Delivery and After Sale Support Power Purchasing Program to lower operating costs Diverse Product Line and Data Center Solutions Locations in 31 Markets Worldwide Energy Efficient Facility Layouts
The data center industry uses the measurement PUE, or power usage effectiveness, to measure efficiency. A PUE of 2.0 means that for every watt of IT power, an additional watt is consumed to cool and distribute power to the IT equipment. An ideal PUE would be 1.0. Jonathan Koomey, a researcher and consulting professor at Stanford University, estimates typical 2011 PUE between 1.83 and The higher number represents the average data center PUE reported in the EPA's Energy Star program. The lower value represents the average PUE reported in the Uptime Institute's 2010 PUE survey. Power Usage Effectiveness
View this video to learn about Digital Realtys commitment to after sale support and tools such as their propriety Critical Facilities Management® Software and Power VU Software. View this video to learn about Digital Realtys integration of PUE into their design, metering and commissioning process. Digital Realty and PUE
Datacenter Sustainable Development Goals:Good BREEAMPlatinum LEEDS
Green IT and Efficiency Digital Realty puts green IT into action… 1 Use of Capital to deliver higher returns 2 Operations to reduce operating costs 3 Value to customers and Investors
Expanding the Accounting Team Senior Director of Accounting GOALS AND EXPECTATIONS
Senior Director of Accounting – Responsibilities
Accounting and Reporting – Key Deliverables Quarterly Reporting: Form 10-Q Supplemental Operating and Financial Data News Release Annual Reporting: Form 10-K (Large Accelerated Filer) Annual Report Interactive Annual Report (XBRL) Proxy Periodic: Form 8-K (Current Report) Form 4 (Ownership changes for Insiders and Directors) 33 Act filings, such as Prospectus (for Cumulative Redeemable Preferred Stock)
Relevant and applicable GAAP: Digital Realty Trust has a variety of complex accounting and reporting areas which necessitate experience and expertise in the following areas, including, but not limited to: ASC 840 Leases ASC 830 Foreign Currency Matters ASC 820 Fair Value Measurements and Disclosures ASC 323 Investments – Equity Method and Joint Ventures ASC 410 Asset Retirement and Environmental Obligations ASC 450 Contingencies ASC 850 Related Party Disclosures ASC 230 Statement of Cash Flows ASC 718 Compensation – Stock Compensation ASC 260 Earnings Per Share ASC 220 Comprehensive Income ASC 815 Derivatives and Hedging ASC 350 Intangibles – Goodwill and Other ASC 360 Property, Plant and Equipment ASC 974 Real Estate – Real Estate Investment Trusts ASC 855 Subsequent Events
Accounting and Reporting – non GAAP metrics: Digital Realty Trust has a variety of non-GAAP metrics which it uses to report on and disclose different aspects and metrics of its operations, including, but not limited to: FFO Adjusted FFO Core FFO EBITDA Adjusted EBITDA Enterprise Value Same store occupancy Cash interest expense Annualized base rent NOI
Portfolio Data: Digital Realty Trust tracks and reports the following operational data on a quarterly basis: Property Occupancy % and Annualized Rents Major Tenants (top 20) and related data Lease expirations and distribution Lease expirations by product type: Turnkey Datacenters Power Base Buildings Colocation Non Technical Leasing activity- rates, TIs, commissions CapEx – recurring and nonrecurring Construction in Progress – by market, product type, and with related eccs (estimated costs to complete)
Bill Stein. CFO and CIO. Edward Sham. SVP and Controller. Chief Accounting Officer. The Team – Key Accounting and Finance Leadership
Mark Wilson. Sr. Director of Accounting Candidate. CPA. 30+ years of diverse finance, tax & accounting experience; 20+ years in a CFO role. SEC and REIT experience in complex reporting environments. Tactical skills and strategic vision. Worth an interview; call today! (323) or The Team
End of Presentation understanding Digital Realty Trust, Inc.(NYSE:DLR) Digital Realty Trust, L.P.