Digital Realty Trust
Q4 2022 Earnings Call
Feb 16, 2023, 5:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good afternoon, and welcome to the Digital Realty fourth quarter 2022 earnings call. Please note this event is being recorded. [Operator instructions] I would now like to turn the call over to Jordan Sadler, Digital Realty's senior vice president of public and private investor relations. Jordan, please go ahead.
Jordan Sadler -- Senior Vice President, Public and Private Investor Relations
Thank you, Andrea, and welcome, everybody, to Digital Realty's fourth quarter 2022 earnings conference call. Joining me on today's call are president and CEO, Andy Power; and CFO, Matt Mercier. Chief investment officer, Greg Wright; chief technology officer, Chris Sharp; and chief revenue officer, Corey Dyer are also on the call and will be available for Q&A. Management may make forward-looking statements, including guidance and underlying assumptions on today's call.
Forward-looking statements are based on expectations that involve risks and uncertainties that could cause actual results to differ materially. For a further discussion of risks related to our business, see our 10-K and subsequent filings with the SEC. This call will contain non-GAAP financial information. Reconciliations to net income are included in the supplemental package furnished to the SEC and available on our website.
Before I turn the call over to Andy, let me offer a few key takeaways from our fourth quarter: First, the combination of strong demand and tightening levels of supply are translating into broad-based price improvements, which is reflected in the increased releasing spread expectations and the positive inflection in stabilized NOI growth that we are forecasting for 2023. Second, we remain focused on achieving the highest potential returns on investment and some progress on this front is evident in the sequential improvement in our development pipeline yields. And third, as most of you already know, we've made some changes to our management team since we last reported. Andy and Matt, both have a long history with Digital and as expected, the transition has been seamless.
But just as important, they also bring fresh perspective and energy to their new roles and the team remains excited about the opportunity that lies ahead. With that, I'd like to turn the call over to our President and CEO, Andy Power.