Digital Realty Trust (DLR) Proxy filing summary

Executive summary

• The 2026 Annual Meeting is scheduled for May 29, 2026, with voting on director elections, auditor ratification, executive compensation, and a shareholder proposal on water risk disclosure.

• The company reported strong financial performance in 2025, including $1.18 billion in bookings, 10% Core FFO per share growth, and a $54 billion market capitalization.

• The board emphasizes sustainable long-term growth, risk-adjusted returns, global expansion, and operational efficiency.

• Investor engagement included participation in 18 conferences and over 366 meetings in 2025.

Voting matters and shareholder proposals

• Shareholders will vote on electing 10 directors, ratifying KPMG LLP as auditor, approving executive compensation (Say-on-Pay), and a proposal for enhanced water risk disclosure.

• The board recommends voting for all directors, for auditor ratification, for Say-on-Pay, and against the water risk disclosure proposal.

• The water risk disclosure proposal seeks region-level metrics on water risk and intensity; the board opposes it, citing existing disclosures and water conservation efforts.

Board of directors and corporate governance

• The board consists of 10 nominees, 9 of whom are independent, with diverse expertise in finance, technology, real estate, and risk management.

• Board leadership is separated between the CEO and independent chair.

• Annual board and committee evaluations are conducted, with regular director education and onboarding.

• Proxy access is available for shareholders owning 3%+ of shares for at least 3 years.