Digital Realty Trust, INC.

• DR Davis Real Estate Fund Davis Real Estate Fund Annual Review 2026 ↗ Davis Real Estate Fund attributes its benchmark shortfall to exiting Welltower while maintaining a large Alexandria position through a deep life-science downturn. The fund is refining benchmark and valuation analysis while retaining convictions in apartments, select office REITs, industrials, London office properties and cautiously sized data-center holdings. the year ended December 31, 2025 ARE $8.7BWELL $166BBXP $10B +7

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