DLR

Business Context and Reporting Period

Company: Digital Realty Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 16, 2007
Item Reported: Item 7.01 Regulation FD Disclosure regarding the 2004 Incentive Award Plan.

Key Financial Metrics

This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on equity compensation plan disclosures.

Material Changes

No material changes to financial operations or results are reported in this document. The filing discloses the status of equity awards granted under the 2004 Incentive Award Plan as of December 31, 2006.

Guidance, Outlook, and Management Commentary

Equity Award Status:

• Total full value awards granted from inception of the 2004 Incentive Award Plan: 2,909,047.
• Unvested full value awards as of December 31, 2006: 1,387,660.
• Award composition includes restricted stock, long-term incentive units, and class C units.

Legal Disclaimer: The information furnished in this Item 7.01 is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other filings.

Investor Verification Checklist

• Verify the total number of unvested awards (1,387,660) against the company's most recent 10-K or 10-Q filings.
• Confirm the composition of the 2004 Incentive Award Plan to understand the mix of restricted stock, units, and class C units.
• Review the Proxy Statement on Schedule 14A filed on March 30, 2007, for the full context of the 2007 annual meeting disclosures.