DLR Earnings

ve affiliates (in such capacity, each, a “Forward Purchaser” and, collectively, the “Forward Purchasers”). If we enter into a forward sale agreement with any Forward Purchaser, we expect that such Forward Purchaser, acting in accordance with the mutually accepted instructions related to such forward sale agreement, will attempt to borrow and sell, through the

orward Seller in connection with a forward sale agreement as a hedge of such forward sale agreement. In the event of full physical settlement of a forward sale agreement, which we expect to occur on or prior to the maturity date of such forward sale agreement, we expect to receive aggregate cash proceeds equal to the product of the forward sale price under suc

the Trade Date and on each date on which Dealer or its affiliates makes a sale pursuant to a prospectus in connection with a hedge of this Transaction, Counterparty repeats and reaffirms as of such date all of the representations and warranties contained in the Sales Agreement. Counterparty hereby agrees to comply with its covenants contained in the Sales Agre

First Quarter 2026 ​ ​ ​ Overview PAGE ​ ​ Corporate Information 3 ​ ​ Key Quarterly Financial Data 5 ​ ​ Consolidated Statements of Operations ​ ​ ​ Earnings Release 7 ​ ​ 2026 Outlook 10 ​ ​ Consolidated Quarterly Statements of Operations 12 ​ ​ Funds From Operations and Core Funds From Operations 13 ​ ​ Adjusted Funds From Operations 14 ​ ​ Balance Sheet In

d Stock: ​ DLRPRK Series L Preferred Stock: ​ DLRPRL ​ Symbols may vary by stock quote provider. Credit Ratings Standard & Poor ’ s ​ ​ ​ Corporate Credit Rating: ​ BBB+ (Stable Outlook) Preferred Stock: ​ BBB- ​ ​ ​ ​ ​ Moody ’ s ​ ​ ​ Issuer Rating: ​ Baa2 (Positive Outlook) Preferred Stock: ​ Baa3 ​ ​ ​ ​ ​ Fitch ​ ​ ​ Issuer Default Rating: ​ BBB (Stable O

t 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, anticipated continued demand for our products and service, our liquidity, our joint ventures, supply and demand for data center

ourth Quarter 2025 ​ ​ ​ Overview PAGE ​ ​ Corporate Information 3 ​ ​ Key Quarterly Financial Data 5 ​ ​ Consolidated Statements of Operations ​ ​ ​ Earnings Release 7 ​ ​ 2026 Outlook 10 ​ ​ Consolidated Quarterly Statements of Operations 12 ​ ​ Funds From Operations and Core Funds From Operations 13 ​ ​ Adjusted Funds From Operations 14 ​ ​ Balance Sheet In

d Stock: ​ DLRPRK Series L Preferred Stock: ​ DLRPRL ​ Symbols may vary by stock quote provider. Credit Ratings Standard & Poor ’ s ​ ​ ​ Corporate Credit Rating: ​ BBB+ (Stable Outlook) Preferred Stock: ​ BBB- ​ ​ ​ ​ ​ Moody ’ s ​ ​ ​ Issuer Rating: ​ Baa2 (Positive Outlook) Preferred Stock: ​ Baa3 ​ ​ ​ ​ ​ Fitch ​ ​ ​ Issuer Default Rating: ​ BBB (Stable O

t 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, anticipated continued demand for our products and service, our liquidity, our joint ventures, supply and demand for data center