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sd-10-EFTA01388615Dept. of JusticeOther

EFTA Document EFTA01388615

I6 October 2016 REITs US REIT 3O16 Earnings Preview [Figure 84: QTS's 3Q16 results preview *TS Maw Sawa (5 Cai‘ 4,:oas now 68.49 Revenue CsAADNOI IK8 margin r‘dwued MID& %Dusted [CODA manta oceratw FFO/sh C9alerneeletrlesmeOls 6444 nw rem: MAR at penal end Churn rate Incremental ancient's:1cent. net of downgrade. Bcolwanot-0lled la nnuabied rowel C2K 3 renewal spread 'seed, Total in p•Oitfint<0111:1 VOAD.p.diti• Annualut0 ROIC nolo rut.-ramp wine..ww o. Inomm, toni.Hthea nal

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Dept. of Justice
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sd-10-EFTA01388615
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I6 October 2016 REITs US REIT 3O16 Earnings Preview [Figure 84: QTS's 3Q16 results preview *TS Maw Sawa (5 Cai‘ 4,:oas now 68.49 Revenue CsAADNOI IK8 margin r‘dwued MID& %Dusted [CODA manta oceratw FFO/sh C9alerneeletrlesmeOls 6444 nw rem: MAR at penal end Churn rate Incremental ancient's:1cent. net of downgrade. Bcolwanot-0lled la nnuabied rowel C2K 3 renewal spread 'seed, Total in p•Oitfint<0111:1 VOAD.p.diti• Annualut0 ROIC nolo rut.-ramp wine..ww o. Inomm, toni.Hthea nal

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I6 October 2016 REITs US REIT 3O16 Earnings Preview [Figure 84: QTS's 3Q16 results preview *TS Maw Sawa (5 Cai‘ 4,:oas now 68.49 Revenue CsAADNOI IK8 margin r‘dwued MID& %Dusted [CODA manta oceratw FFO/sh C9alerneeletrlesmeOls 6444 nw rem: MAR at penal end Churn rate Incremental ancient's:1cent. net of downgrade. Bcolwanot-0lled la nnuabied rowel C2K 3 renewal spread 'seed, Total in p•Oitfint<0111:1 VOAD.p.diti• Annualut0 ROIC nolo rut.-ramp wine..ww o. Inomm, toni.Hthea nal 14141.4 Update on leasing activity at the Chicago acility. Phase 1 with 48krsf was opened in July Update on NJ facility acquired from DFT Management expects a reduction to ROIC as Chicago and NJ are leased up Interest in wholesale leases at recently developed facilities Expectations for churn as QTS continues the migration from leased to owned facilities Tenant conversations regarding C2 and C3 demand and impact from the public cloud Development capex spending expectations for the remainder of 2016 1016 A- 504690 554501 666% 539.111 444% $0 61 Dad 526.214 MN. A- 596.601 564,021 649% 545,613 462% $063 ASA 528,872 08% 59583 561100 -0 7% 572[00 157% 13% 513.310 549.100 1.0% 5103.000 151% 1016 Die Advil Ca 5104.481 $65.841 630% 546102 441% 5062 Me 5102,115 545.402 44 5% 5065 511.033 3814 a XISia Ia XICha OM Ca mid.terns 5405.992 5401.346 $260609 64 PE 5179.000. 5187.070 5184.225 5180217 454% 450% 52.55 • 53,65 52.62 51.60 Pm SOO/a Pool Moil. Ca Ca l 50% - 4 C4 Sourer Danes en, colywny me, Mormon Page 46 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092266 CONFIDENTIAL SDNY_GM_00238450 EFTA01388615

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