Tech-Oriented REIT Prices Common Stock Offering

Digital Realty Trust Inc., a real estate investment trust based in San Francisco, has priced a 6 million share public offering of its common stock at $57 per share This will result in net proceeds of approximately $327.8 million after underwriting discounts and commissions and estimated offering expenses (or approximately $377.1 million if the underwriters' over-allotment option is exercised in full). Digital Realty Trust has granted the underwriters the option to purchase up to an additional 900,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on June 8, 2010. The proceeds are intended to be used to fund a portion of the acquisition of a five-property data center portfolio located in California, Arizona and Virginia, as well as possibly to acquire additional properties, to fund development and redevelopment opportunities and for general working capital purposes, including potentially for the repurchase, redemption or retirement of outstanding debt or preferred securities. Credit Suisse Securities (USA) LLC, Citi and BofA Merrill Lynch served as book running managers. Morgan Stanley, Deutsche Bank Securities and Raymond James, served as lead managers, and JMP Securities, J.P. Morgan, RBC Capital Markets and RBS served as co-managers, for the offering.