05 $127.3 $171.5 $226.6 $305.2 $378.8 $512.1 ADJUSTED EBITDA 1 $ in millions 06 07 08 09 10 CAGR 32.1% 05 $1.37 $1.61 $2.02 $2.59 $2.93 $3.39 FFO 1 per diluted share and unit 06 07 08 09 10 CAGR 19.9% 05 $1.00 $1.08 $1.17 $1.26 $1.47 $2.02 ANNUAL DIVIDEND $ per share 06 07 08 09 10 $2.72 11* CAGR 18.2% *annualized 1Q11 dividend of $0.68 per share 1 Adjusted EBITDA and FFO are non-GAAP financial measures. For an explanation of how we calculate these measures and reconciliations to net income available to common stockholders, please see the separately included reconciliation sheet. 05 8.4 10.6 12.3 13.0 14.4 16.8 HISTORICAL SQUARE FOOTAGE rentable square feet in millions, excludes discontinued operations 06 07 08 09 10 CAGR 14.8% DEAR SHAREHOLDERS, We entered 2010 with the wind at our back. Demand for data center facilities remained strong and we continued  to expand our portfolio of properties and new customer leasing in the US, Europe and in Singapore, a new market for the Company and a very strategic location in the Asia Pacific region. Growth via strategic income property investments was substantial. At the beginning of the year, we had a $375 million three-building data center portfolio in New England under contract. Our BBB/Baa2 investment grade debt ratings with a stable outlook from all three major rating agencies provided us access to attractively priced capital and placed us at a significant advantage over unrated public and private equity competitors. We quickly completed the New England portfolio acquisition  in January and followed up with our inaugural unsecured bond offering totaling $500 million aggregate principal amount of 5.875% notes due 2020. Soon thereafter, the strategic, five-property 365 Main/Rockwood portfolio, which we had been tracking for three years, came back on the market. We were able to place the $725 million portfolio under contract, and our strong access to capital delivered efficient financing for this large acquisition. Concurrent with our purchase agreement announcement, we initiated a public offering of our common stock and raised approximately $377 million through  the issuance of 6.9 million shares. Upon closing the acquisition, we completed the private placement of $375 million aggregate principal amount of 4.500% notes due 2015, in part, to finance the balance of the purchase price. Although we believe that we were not the highest bidder, the strength of our balance sheet, investment grade debt ratings, and solid reputation as a serious owner and operator made us the buyer of choice for the sellers. As we continued to pursue investment opportunities and acquire both income producing properties and properties for development in select U.S. markets, after three years of researching the Asia Pacific market, we completed  the acquisition of our flagship property in Singapore: a 370,500 square foot, purpose-built datacenter development project. Singapore is one of the most robust global business markets that is significantly underserved from a data center perspective. We expect the facility to be ready for initial occupancy in mid 2011 and have been actively marketing the project to prospects from industry sectors ranging from international financial institutions to global managed service providers  and government organizations.