A Dark Vector Cognition product

Item 2. Properties

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Item 2. Properties

Our executive offices are located in Redwood City, California, with sales offices in several cities throughout the U.S. Our EMEA headquarters office is located in Amsterdam, the Netherlands and we also have sales offices in several cities throughout EMEA. Our Asia-Pacific headquarters office is located in Hong Kong and we also have sales offices in several cities throughout Asia-Pacific.

The following tables present the locations of our leased and owned IBX data centers and xScaleTM data centers investments as of December 31, 2023, as well as five data centers opened in January 2024.

AMERICAS
MetroLeased (1)Owned (1) (2)
Atlanta●●
Bogota●
AMER map.jpgBoston●
Calgary●●
Chicago●●
Culpeper●
Dallas●●
Washington D.C./Ashburn●●
Denver●●
Houston●
Kamloops●
Lima●
Los Angeles●●
Mexico City●
Miami●●
Monterrey●
Montreal●
New York●●
Ottawa●
Philadelphia●
Rio de Janeiro●●
Saint John●
Santiago●
Sao Paulo●
Seattle●●
Silicon Valley●●
Toronto●●
Vancouver●
Winnipeg●
EMEA
MetroLeased (1)Owned (1) (2)
Abidjan●
Abu Dhabi●
Accra●
Amsterdam●●
EMEA map.jpgBarcelona●
Bordeaux●
Dubai●●
Dublin●●
Dusseldorf●
East Netherlands●
Frankfurt●●
Geneva●●
Genoa●
Hamburg●
Helsinki●●
Istanbul●
Lagos●
Lisbon●
London●●
Madrid●●
Manchester●●
Milan●●
Munich●●
Muscat●
Paris●●
Sofia●
Stockholm●●
Warsaw●●
Zurich●●
APAC map.jpg
Asia-Pacific
MetroLeased (1)Owned (1) (2)
Adelaide●
Brisbane●
Canberra●
Hong Kong●
Kuala Lumpur●
Melbourne●
Mumbai●
Osaka●●
Perth●
Seoul●●
Shanghai●●
Singapore●●
Sydney●●
Tokyo●●

(1)"●" denotes locations with one or more data centers.

(2)Owned sites include IBX data centers subject to long-term ground leases.

The following table presents an overview of our portfolio of IBX data centers as of December 31, 2023:

# of IBXs (1)Total Cabinet Capacity (1)(2)Cabinets Billed (1)Cabinet Utilization % (1)(3)MRR per Cabinet (1)(4)
Americas108145,400112,90078%$2,527
EMEA84136,200109,10080%1,991
Asia-Pacific5080,90065,30081%2,104
Total242362,500287,300

(1)Excludes 18 unconsolidated data centers (17 xScale data centers and the MC1 IBX data center) and includes the KL1 and SL4 data centers opened in January 2024. The AB1, AC1, LG1, LG2, KL1 and SL4 data centers are included in the # of IBXs only.

(2)Cabinets represent a specific amount of space within an IBX data center. Customers can combine and use multiple adjacent cabinets within an IBX data center, depending on their space requirements.

(3)The cabinet utilization rate represents the percentage of cabinet space billed versus total cabinet capacity, taking into consideration power limitations.

(4)MRR per cabinet represents average monthly recurring revenue recognized divided by the average number of cabinets billing during the fourth quarter of the year. Americas MRR per cabinet excludes Infomart non-IBX tenant income and EMEA MRR per cabinet excludes MainOne revenue.

The following table presents a summary of our significant IBX data center projects under construction as of December 31, 2023:

PropertyProperty LocationTarget Open DateSellable CabinetsTotal Capex (in Millions) (1)
Americas:
MX2 phase IIIMexico CityQ2 20241,200$56
NY11 phase IVNew YorkQ2 202455087
NY3 phase INew YorkQ3 20241,200250
MI1 phase IIIMiamiQ1 20251,05086
SP4 phase IVSão PauloQ1 202575022
MO2 phase IMonterreyQ1 202572579
ST2 phase IISantiagoQ1 202542546
RJ3 phase IRio de JaneiroQ1 202555094
TR6 phase IITorontoQ2 2025900123
DA11 phase IIIDallasQ2 20252,000186
DC22 phase IWashington, D.C.Q4 20252,125260
DC2 phase IIWashington, D.C.Q4 202542536
SP6 phase ISão PauloQ1 20261,125110
13,0251,435
EMEA:
LG2 phase IILagosQ1 20241509
HH1 phase IIHamburgQ2 20243259
BA2 phase IBarcelonaQ2 202465056
MU4 phase IIMunichQ2 202475022
PA10 phase IIParisQ2 202470032
BX1 phase II & III & IVBordeauxQ3 202480064
JN1 phase IJohannesburgQ3 202470021
IL4 phase IIstanbulQ3 20241,12564
MA5 phase IIManchesterQ4 202477539
SN1 phase ISalalahQ4 202412514
LG2 phase IIILagosQ1 202527529
LS2 phase ILisbonQ1 202562553
LG3 phase ILagosQ1 202522522
LD10 phase IVLondonQ3 202585063
MD5 phase IMadridQ3 20251,700115
FR8 phase IIFrankfurtQ1 20261,400193
11,175805
Asia-Pacific:
KL1 phase IKuala LumpurQ1 202445016
MB4 phase IMumbaiQ1 20243503
SL4 phase ISeoulQ1 20244756
JH1 phase IJohorQ2 202450038
OS3 phase IIIOsakaQ2 202460020
SY5 phase IIISydneyQ2 20242,675121
CN1 phase IChennaiQ3 202485065
ME2 phase IIIMelbourneQ3 20241,50039
TY15 phase ITokyoQ3 20241,200115
JK1 phase IJakartaQ4 202457532
MB3 phase IMumbaiQ4 20241,37586
10,550541
Total34,750$2,781

(1)Capital expenditures are approximate and may change based on final construction details.

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