Digital Realty Trust

Live  

Digital Realty Trust is a publicly traded real estate investment trust (REIT) that focuses on owning, developing, and managing data centers and other technology-related real estate properties. The company was founded in 2004 and is headquartered in San Francisco, California.
Their core business is providing wholesale data center solutions to companies of all sizes, including the world's leading cloud and internet providers. Digital Realty Trust owns and operates over 280 data centers in more than 20 countries, making them one of the largest data center companies in the world.
In addition to their data center portfolio, Digital Realty Trust also offers a wide range of services and solutions related to data center management, including colocation, connectivity, and cloud services. They work with a variety of industries, including technology, finance, and healthcare, to provide tailored solutions for their data center needs.
The company's mission is to create a global network of interconnected data centers that provide reliable, secure, and scalable infrastructure for businesses to store and manage their critical data. They also prioritize sustainability and have implemented green initiatives across their portfolio, including using renewable energy and implementing energy-efficient technologies in their facilities.
Digital Realty Trust continues to grow and expand its presence in the data center industry, with a commitment to providing innovative and reliable solutions for their clients' evolving needs.

Digital Realty Trust is a company that provides special buildings, kind of like big stores, but instead of selling clothes or toys, they are designed to hold very powerful computers and other technology equipment. These buildings are called data centers.
Now, why do people need these data centers? Well, there are many companies and people who use the internet for things like streaming videos, playing games, shopping, and even storing important files. All of this information has to be kept somewhere, and that’s where Digital Realty’s data centers come in. They provide a safe and reliable place for all that data to be stored and managed.
Digital Realty makes money by renting space inside these data centers to other companies. Just like if you had a big garage and rented out part of it to a friend to keep their stuff, Digital Realty does the same but on a much bigger scale. Companies pay Digital Realty every month to use their space and services.
Digital Realty has been successful because it meets a growing need. As more people and businesses use the internet, the demand for data storage is increasing. In addition, they build their data centers in important locations where a lot of technology companies already are, which helps them attract more customers.
Looking to the future, Digital Realty is likely to stay successful because the use of technology and the internet is only going to grow. More devices are being used every day, and that means more data needs to be stored and processed. Digital Realty is well-positioned to help meet that need, making it a strong player in the industry for years to come.

MS4gR2xvYm FsIFByZXNl bmNlOiBEaW dpdGFsIFJl YWx0eSBUcn VzdCBpcyBv bmUgb2YgdG hlIGxhcmdl c3QgZGF0YS BjZW50ZXIg cmVhbCBlc3 RhdGUgaW52 ZXN0bWVudC B0cnVzdHMg KFJFSVRzKS BpbiB0aGUg d29ybGQsIH dpdGggYSBn bG9iYWwgZm 9vdHByaW50 IG9mIG92ZX IgMjgwIGRh dGEgY2VudG VycyBpbiAy MiBjb3VudH JpZXMuIFRo aXMgZ2l2ZX MgdGhlIGNv bXBhbnkgYS BzdHJvbmcg cHJlc2VuY2 UgaW4gbWFq b3IgZ2xvYm FsIG1hcmtl dHMsIG1ha2 luZyBpdCB3 ZWxsLXBvc2 l0aW9uZWQg dG8gc2Vydm UgdGhlIGdy b3dpbmcgZG VtYW5kIGZv ciBkYXRhIH N0b3JhZ2Ug YW5kIGNvbm 5lY3Rpdml0 eS48YnI+Mi 4gTGVhZGlu ZyBQcm92aW RlciBvZiBT ZWN1cmUgYW 5kIEZsZXhp YmxlIERhdG EgQ2VudGVy IFNvbHV0aW 9uczogVGhl IGNvbXBhbn kgc3BlY2lh bGl6ZXMgaW 4gcHJvdmlk aW5nIGhpZ2 hseSBzZWN1 cmUsIGZsZX hpYmxlIGFu ZCBzY2FsYW JsZSBkYXRh IGNlbnRlci Bzb2x1dGlv bnMgdG8gaX RzIGN1c3Rv bWVycy4gSX RzIHN0YXRl LW9mLXRoZS 1hcnQgZmFj aWxpdGllcy BhcmUgZGVz aWduZWQgdG 8gbWVldCB0 aGUgbmVlZH Mgb2YgYSB3 aWRlIHJhbm dlIG9mIGlu ZHVzdHJpZX MsIGluY2x1 ZGluZyB0ZW Nobm9sb2d5 LCBmaW5hbm NpYWwgc2Vy dmljZXMsIG hlYWx0aGNh cmUsIGFuZC Bnb3Zlcm5t ZW50Ljxicj 4zLiBTdHJh dGVnaWMgQW NxdWlzaXRp b25zOiBEaW dpdGFsIFJl YWx0eSBUcn VzdCBoYXMg YSB0cmFjay ByZWNvcmQg b2Ygc3RyYX RlZ2ljIGFj cXVpc2l0aW 9ucyB0aGF0 IGhhdmUgaG VscGVkIHRo ZSBjb21wYW 55IGV4cGFu ZCBpdHMgcG 9ydGZvbGlv IGFuZCBnZW 9ncmFwaGlj IHJlYWNoLi BOb3RhYmxl IGFjcXVpc2 l0aW9ucyBp bmNsdWRlIE R1cG9udCBG YWJyb3MgVG VjaG5vbG9n eSwgVGVseC wgYW5kIElu dGVyeGlvbi wgdG8gbmFt ZSBhIGZldy 48YnI+NC4g U3Ryb25nIE ZpbmFuY2lh bCBQZXJmb3 JtYW5jZTog VGhlIGNvbX BhbnkgaGFz IGNvbnNpc3 RlbnRseSBk ZWxpdmVyZW Qgc3Ryb25n IGZpbmFuY2 lhbCBwZXJm b3JtYW5jZS BhbmQgaGFz IG1haW50YW luZWQgYSBz dHJvbmcgYm FsYW5jZSBz aGVldC4gVG hpcyBoYXMg YWxsb3dlZC BEaWdpdGFs IFJlYWx0eS BUcnVzdCB0 byBpbnZlc3 QgaW4gaXRz IGRhdGEgY2 VudGVyIHBv cnRmb2xpby BhbmQgZnVu ZCBleHBhbn Npb24gcHJv amVjdHMuPG JyPjUuIENv bW1pdG1lbn QgdG8gU3Vz dGFpbmFiaW xpdHk6IERp Z2l0YWwgUm VhbHR5IFRy dXN0IGlzIG NvbW1pdHRl ZCB0byBzdX N0YWluYWJp bGl0eSBhbm QgaGFzIHNl dCBhbWJpdG lvdXMgZW52 aXJvbm1lbn RhbCBnb2Fs cywgaW5jbH VkaW5nIHRh cmdldGluZy AxMDAlIHJl bmV3YWJsZS BlbmVyZ3kg dXNhZ2UgYn kgMjAzMC4g VGhlIGNvbX BhbnkgYWxz byBoYXMgTE VFRC1jZXJ0 aWZpZWQgZm FjaWxpdGll cyBhbmQgaW 1wbGVtZW50 cyBncmVlbi BidWlsZGlu ZyBwcmFjdG ljZXMgaW4g aXRzIGRhdG EgY2VudGVy cy48YnI+Ni 4gQ3VzdG9t ZXItQ2VudH JpYyBBcHBy b2FjaDogVG hlIGNvbXBh bnkgaGFzIG EgY3VzdG9t ZXItY2VudH JpYyBhcHBy b2FjaCBhbm QgaXMgZm9j dXNlZCBvbi Bwcm92aWRp bmcgdGhlIG Jlc3Qgc2Vy dmljZSBhbm QgZXhwZXJp ZW5jZSB0by BpdHMgY2xp ZW50cy4gSX Qgb2ZmZXJz IGEgcmFuZ2 Ugb2Ygc2Vy dmljZXMsIG luY2x1ZGlu ZyBjb2xvY2 F0aW9uLCBp bnRlcmNvbm 5lY3Rpb24s IGFuZCBjbG 91ZCBjb25u ZWN0aXZpdH ksIHRvIG1l ZXQgdGhlIG RpdmVyc2Ug bmVlZHMgb2 YgaXRzIGN1 c3RvbWVycy 48YnI+Ny4g U3Ryb25nIF BhcnRuZXJz aGlwczogRG lnaXRhbCBS ZWFsdHkgVH J1c3QgaGFz IHN0cm9uZy BwYXJ0bmVy c2hpcHMgd2 l0aCBtYWpv ciBjbG91ZC BhbmQgbmV0 d29yayBzZX J2aWNlIHBy b3ZpZGVycy wgd2hpY2gg ZW5hYmxlcy BpdCB0byBv ZmZlciBpdH MgY3VzdG9t ZXJzIGEgc2 VhbWxlc3Ms IGludGVncm F0ZWQgc29s dXRpb24gZm 9yIHRoZWly IGRhdGEgY2 VudGVyIG5l ZWRzLjxicj 44LiBDb250 aW51ZWQgR3 Jvd3RoOiBX aXRoIHRoZS BpbmNyZWFz aW5nIGRlbW FuZCBmb3Ig ZGF0YSBzdG 9yYWdlIGFu ZCBjb25uZW N0aXZpdHks IERpZ2l0YW wgUmVhbHR5 IFRydXN0IG lzIHdlbGwg cG9zaXRpb2 5lZCBmb3Ig Y29udGludW VkIGdyb3d0 aC4gVGhlIG NvbXBhbnkg aGFzIGEgdH JhY2sgcmVj b3JkIG9mIG RlbGl2ZXJp bmcgdmFsdW UgdG8gaXRz IHNoYXJlaG 9sZGVycyBh bmQgaXMgY2 9uc3RhbnRs eSBleHBhbm RpbmcgaXRz IHBvcnRmb2 xpbyB0byBt ZWV0IHRoZS Bldm9sdmlu ZyBuZWVkcy BvZiBpdHMg Y3VzdG9tZX JzLg==

RGlnaXRhbC BSZWFsdHkg VHJ1c3QgaX MgYSByZWFs IGVzdGF0ZS BpbnZlc3Rt ZW50IHRydX N0IChSRUlU KSB0aGF0IG 93bnMsIGRl dmVsb3BzLC BhbmQgb3Bl cmF0ZXMgZG F0YSBjZW50 ZXJzIGFyb3 VuZCB0aGUg d29ybGQuIE l0cyBidXNp bmVzcyBtb2 RlbCBpcyB0 byBhY3F1aX JlLCBkZXZl bG9wLCBhbm QgbWFuYWdl IHByb3Blcn RpZXMgdGhh dCBhcmUgZX NzZW50aWFs IHRvIHRoZS BvcGVyYXRp b25zIG9mIH RlY2hub2xv Z3kgY29tcG FuaWVzIGFu ZCBvdGhlci BidXNpbmVz c2VzLCBzdW NoIGFzIGZp bmFuY2lhbC BzZXJ2aWNl cywgaGVhbH RoY2FyZSwg YW5kIGUtY2 9tbWVyY2Uu IDxicj5UaG UgY29tcGFu eSdzIGRhdG EgY2VudGVy cyBhcmUgZG VzaWduZWQg dG8gcHJvdm lkZSBzZWN1 cmUgYW5kIH JlbGlhYmxl IGVudmlyb2 5tZW50cyBm b3IgY2xpZW 50cyB0byBo b3VzZSB0aG VpciBjcml0 aWNhbCBJVC BpbmZyYXN0 cnVjdHVyZS BhbmQgZGF0 YS4gVGhleS BvZmZlciBh IHJhbmdlIG 9mIGN1c3Rv bWl6YWJsZS Bzb2x1dGlv bnMsIGluY2 x1ZGluZyB3 aG9sZXNhbG UgZGF0YSBj ZW50ZXIgc3 BhY2UsIGNv bG9jYXRpb2 4gc2Vydmlj ZXMsIGFuZC Bjb25uZWN0 aXZpdHkgb3 B0aW9ucy48 YnI+RGlnaX RhbCBSZWFs dHkgVHJ1c3 QgZ2VuZXJh dGVzIHJldm VudWUgcHJp bWFyaWx5IH Rocm91Z2gg bGVhc2luZy BhbmQgb3Bl cmF0aW5nIG l0cyBkYXRh IGNlbnRlcn MuIFRoZSBj b21wYW55IG hhcyBhIGRp dmVyc2lmaW VkIHRlbmFu dCBiYXNlLC BpbmNsdWRp bmcgc29tZS BvZiB0aGUg d29ybGQncy BsYXJnZXN0 IHRlY2hub2 xvZ3kgYW5k IHRlbGVjb2 1tdW5pY2F0 aW9ucyBjb2 1wYW5pZXMs IGFzIHdlbG wgYXMgc21h bGxlciBidX NpbmVzc2Vz IGFuZCBnb3 Zlcm5tZW50 IGFnZW5jaW VzLiBJdCBh bHNvIG9mZm VycyB2YXJp b3VzIHZhbH VlLWFkZGVk IHNlcnZpY2 VzIHRvIGl0 cyBjbGllbn RzLCBzdWNo IGFzIHJlbW 90ZSBoYW5k cyBzdXBwb3 J0IGFuZCBk YXRhIGNlbn RlciBpbnRl cmNvbm5lY3 Rpb24uPGJy PkluIGFkZG l0aW9uLCBE aWdpdGFsIF JlYWx0eSBU cnVzdCBhY3 RpdmVseSBh Y3F1aXJlcy BhbmQgZGV2 ZWxvcHMgbm V3IHByb3Bl cnRpZXMgdG 8gZXhwYW5k IGl0cyBnbG 9iYWwgZGF0 YSBjZW50ZX IgcG9ydGZv bGlvLiBUaG UgY29tcGFu eSBhbHNvIG ZvY3VzZXMg b24gc3VzdG FpbmFibGUg YW5kIGVuZX JneS1lZmZp Y2llbnQgZG VzaWduIGFu ZCBvcGVyYX Rpb25zLCBw cm9tb3Rpbm cgZW52aXJv bm1lbnRhbG x5IHJlc3Bv bnNpYmxlIH ByYWN0aWNl cyB3aXRoaW 4gdGhlIHRl Y2hub2xvZ3 kgaW5kdXN0 cnku

AI could potentially impact Digital Realty Trust’s products, services, and competitive positioning in several ways, but the degree of threat may vary based on the specific context and how the company adapts to these changes.
1. Substitution: AI technologies may lead to the development of alternative data management solutions that can perform tasks traditionally handled by data centers. For example, edge computing and cloud computing solutions powered by AI could enable companies to process and store data more efficiently, potentially reducing the demand for traditional colocation services. However, the complexity of data management and compliance needs may continue to favor physical data center solutions for certain businesses.
2. Disintermediation: AI-driven automation could streamline data center operations, potentially allowing companies to manage their own data without relying on third-party providers like Digital Realty. However, many businesses lack the expertise and resources to build out their own infrastructure, which means that while disintermediation is a possibility, it may not completely eliminate demand for data center services.
3. Margin Pressure: As AI technologies lower operational costs and enhance efficiencies both for data centers and their customers, Digital Realty might face margin pressure. Clients could expect more competitive pricing and superior services, requiring Digital Realty to invest in new technologies and infrastructure to keep pace, thereby affecting profit margins.
In conclusion, while AI presents certain risks to Digital Realty Trust, the company’s ability to innovate and adapt to market changes will be crucial in mitigating these threats. The demand for reliable, secure, and compliant data services remains strong, which could help buffer the company against potential disruptions caused by AI.

Digital Realty Trust, as a real estate investment trust (REIT) specializing in data centers, can be significantly affected by changes in interest rates. Here is an analysis of how its earnings, cash flow, and valuation can be sensitive to these changes:
1. Earnings Sensitivity: Increased interest rates generally lead to higher borrowing costs for companies, which can impact Digital Realty’s earnings, especially if it relies on debt to finance acquisitions and developments. Higher rates can reduce net income if the cost of servicing debt rises, leading to lower earnings growth. Additionally, higher interest rates can slow down economic growth, which may reduce demand for data center services, thereby impacting revenue.
2. Cash Flow Sensitivity: Cash flow is crucial for REITs, including Digital Realty, as they must meet distribution requirements to maintain their tax-advantaged status. As interest rates rise, the cost of refinancing existing debt or obtaining new financing increases, which can compress cash flows. Furthermore, if interest rates rise significantly, there may be a decrease in demand for data center capacities, impacting the company’s rental income and overall cash flow.
3. Valuation Sensitivity: REIT valuations are often driven by dividend yields. As interest rates rise, fixed-income investments often become more attractive, leading to increased competition for capital. Higher interest rates can lead to a rise in the discount rate used in discounted cash flow models, which can decrease the net present value of future cash flows for Digital Realty. This may result in a decline in stock price as investors shift to other investment vehicles with more favorable risk-return profiles.
In summary, Digital Realty Trust’s earnings, cash flow, and valuation are generally sensitive to changes in interest rates, with potential impacts stemming from higher borrowing costs, shifts in demand for data center services, and changing investor sentiments toward REITs compared to fixed-income alternatives.

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvMV NmZ3JhcHc3 UjVpNmpGUm l0SGEud2Vi cCIgYWx0PS JEaWdpdGFs IFJlYWx0eS BUcnVzdCIg dGl0bGU9Ik RpZ2l0YWwg UmVhbHR5IF RydXN0IiAg Y2xhc3M9Im ltZy1mbHVp ZCIgaGVpZ2 h0PTkwIHdp ZHRoPTkwIG xvYWRpbmc9 J2xhenknIH N0eWxlPSdi b3JkZXItcm FkaXVzOiA2 cHg7Jz4KCi AgICAgICAg ICAgICAgIC AgICAgPGRp diBzdHlsZT 0nZmxleDog MTsgdGV4dC 1hbGlnbjog Y2VudGVyOy BtYXJnaW4t bGVmdDogNX B4Oyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgID xwIHN0eWxl PSdmb250LX NpemU6IDI2 cHg7IGNvbG 9yOiAjMzMz OyBtYXJnaW 4tYm90dG9t OiAxNXB4Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Dwn5OIIFdh bnQgdG8gcm VhZCBtb3Jl IGFib3V0IE RpZ2l0YWwg UmVhbHR5IF RydXN0Pwog ICAgICAgIC AgICAgICAg ICAgICAgIC A8L3A+Cgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8YSBocmVm PSdpbmRleC 5waHA/cGFn ZT1zaWdudX AnIHN0eWxl PScKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGJhY2tncm 91bmQtY29s b3I6ICMwMD dCRkY7CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBjb2xv cjogI2ZmZj sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIH BhZGRpbmc6 IDEwcHggMj BweDsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGJvcmRl ci1yYWRpdX M6IDVweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIHRl eHQtZGVjb3 JhdGlvbjog bm9uZTsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGZvbn Qtd2VpZ2h0 OiBib2xkOw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgbW FyZ2luLXJp Z2h0OiAxMH B4OwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgdHJhbnNp dGlvbjogYm Fja2dyb3Vu ZC1jb2xvci AwLjNzIGVh c2U7JwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgb25tb3 VzZW92ZXI9 J3RoaXMuc3 R5bGUuYmFj a2dyb3VuZE NvbG9yPSIj MDA1NmIzIi cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG 9ubW91c2Vv dXQ9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA3Qk ZGIic+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBTaWdu IHVwIGZvci BmcmVlCiAg ICAgICAgIC AgICAgICAg ICAgICAgID wvYT4KCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xzcGFuIHN0 eWxlPSdtYX JnaW46IDAg OHB4OyBjb2 xvcjogIzU1 NTsnPm9yPC 9zcGFuPgoK ICAgICAgIC AgICAgICAg ICAgICAgIC AgPGEgaHJl Zj0naW5kZX gucGhwP3Bh Z2U9bG9naW 4nIHN0eWxl PScKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGNvbG9yOi AjMDA3QkZG OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg dGV4dC1kZW NvcmF0aW9u OiB1bmRlcm xpbmU7CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBmb250 LXdlaWdodD ogNTAwOyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBs b2cgaW4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PC9hPgoKCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxwIHN0eW xlPSdtYXJn aW4tdG9wOi AxNXB4OyBm b250LXNpem U6IDEzcHg7 IGZvbnQtd2 VpZ2h0OiBi b2xkOyBjb2 xvcjogI2Qz MmYyZjsnPg ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAg8J +TnSBKb2lu IHVzIGFuZC BncmFiIHlv dXIgY29weS BvZiA8aT4i VGhlIENoZW NrbGlzdCBW YWx1ZSBJbn Zlc3RvciDi gJQgQSBTbW FydGVyIFdh eSB0byBQaW NrIFN0b2Nr cyI8L2k+Ci AgICAgICAg ICAgICAgIC AgICAgICAg IDwvcD4KCi AgICAgICAg ICAgICAgIC AgICAgICAg IDwhLS0KIC AgICAgICAg ICAgICAgIC AgICAgICAg PGRpdiBzdH lsZT0nbWFy Z2luLXRvcD ogMTJweDsg Zm9udC1zaX plOiAxM3B4 OyBjb2xvcj ogIzQ0NDsn PgogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg U2lnbiB1cC Bub3cgYW5k IGdldCBvdX IgZnJlZSBl Qm9vayAKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIDxiPl RoZSBDaGVj a2xpc3QgVm FsdWUgSW52 ZXN0b3Ig4o CUIEEgU21h cnRlciBXYX kgdG8gUGlj ayBTdG9ja3 M8L2I+CiAg ICAgICAgIC AgICAgICAg ICAgICAgID wvZGl2Pgog ICAgICAgIC AgICAgICAg ICAgICAgIC AtLT4KICAg ICAgICAgIC AgICAgICAg ICAgICAgPC EtLQogICAg ICAgICAgIC AgICAgICAg ICAgICA8ZG l2IHN0eWxl PSdtYXJnaW 4tdG9wOiAx NnB4OyBmb2 50LXNpemU6 IDE0cHg7IG NvbG9yOiAj NDQ0OyBmb2 50LWZhbWls eTogLWFwcG xlLXN5c3Rl bSwgQmxpbm tNYWNTeXN0 ZW1Gb250LC BTZWdvZSBV SSwgUm9ib3 RvLCBIZWx2 ZXRpY2EgTm V1ZSwgc2Fu cy1zZXJpZj sgbGluZS1o ZWlnaHQ6ID EuNjsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgSGF2 ZSB5b3UgaG VhcmQgYWJv dXQgb3VyIH Nob3J0IDxz dHJvbmcgc3 R5bGU9J2Zv bnQtd2VpZ2 h0OiA2MDA7 Jz5EYWlseS BWaWRlbyBO ZXdzbGV0dG VyPC9zdHJv bmc+PwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgPGEgaH JlZj0naHR0 cHM6Ly93d3 cuaW5zaWdo dGZ1bHZhbH VlLmNvbS9u ZXdzbGV0dG VyLnBocCcg dGFyZ2V0PS dfYmxhbmsn IHN0eWxlPS djb2xvcjog IzAwN0JGRj sgdGV4dC1k ZWNvcmF0aW 9uOiBub25l OyBmb250LX dlaWdodDog NTAwOyBtYX JnaW4tbGVm dDogNnB4Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgRmlu ZCBvdXQgbW 9yZQogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgPC9hPgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8L2Rpdj4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgLS0+CiAg ICAgICAgIC AgICAgICAg ICAgPC9kaX Y+CiAgICAg ICAgICAgIC AgICA8L2Rp dj4KICAgIC AgICAgICAg PC9kaXY+Ci AgICAgICAg ICAgIAogIC AgICAgIAog ICAgICAgID xzcGFuIGNs YXNzPSdibH VycmVkLXRl eHQnPgogIC AgICAgICAg ICBNUzRnUk dsbmFYIFJo YkNCU1pXRn MgZEhrZ1ZI SjFjMyBRZ2 FYTWdZU0J5 IFpXRnNJR1 Z6ZEcgRjBa U0JwYm5abC BjM1J0Wlc1 MElIIFJ5ZF hOMElDaFMg UlVsVUtTQj BhRyBGMElI QnlhVzFoIG NtbHNlU0Jt YjIgTjFjMl Z6SUc5dSBJ RzkzYm1sdV p5IHdnWVdO eGRXbHkgYV c1bkxDQmta WCBabGJHOX dhVzVuIElH RnVaQ0J0WV cgNWhaMmx1 WnlCayBZWF JoSUdObGJu IFJsY25NZ1 lXNWsgSUc5 MGFHVnlJRy BScFoybDBZ V3dnIGFXNW 1jbUZ6ZEgg SjFZM1IxY2 1VZyBZWE56 WlhSekxqIH hpY2o0eUxp QlUgYUdVZ1 kyOXRjRyBG dWVTQjNZWE 1nIFptOTFi bVJsWkMgQn BiaUF5TURB MCBJR0Z1Wk NCcGN5IEJv WldGa2NYVm ggY25SbGNt VmtJRyBsdU lGTmhiaUJH IGNtRnVZMm x6WTIgOHNJ RU5oYkdsbS BiM0p1YVdF dUlFIGwwSU dseklHOXUg WlNCdlppQj BhRyBVZ2JH RnlaMlZ6IG RDQmtZWFJo SUcgTmxibl JsY2lCUyBS VWxVY3lCcG JpIEIwYUdV Z2QyOXkgYk dRdVBHSnlQ aiBNdUlFUn BaMmwwIFlX d2dVbVZoYk ggUjVJRlJ5 ZFhOMCBJRz l3WlhKaGRH IFZ6SUdsdU lESXcgSUdO dmRXNTBjbS BsbGN5Qmhi bVFnIGFHRn pJR0VnY0gg SmxjMlZ1WT JVZyBhVzRn YjNabGNpIE ExTUNCbmJH OWkgWVd3Z2 JXRnlhMiBW MGN5NDhZbk krIE5DNGdR WE1nYjIgWW dNakF5TVN3 ZyBkR2hsSU dOdmJYIEJo Ym5rZ2IzZH UgY3lCaGJt UWdiMyBCbG NtRjBaWE1n IGIzWmxjaU F5T0QgQWda R0YwWVNCai BaVzUwWlhK ekxDIEJsYm 1OdmJYQmgg YzNOcGJtY2 dZWCBCd2Nt OTRhVzFoIG RHVnNlU0Ew T1MgQnRhV3 hzYVc5dSBJ SE54ZFdGeV pTIEJtWldW MElHOW0gSU hOd1lXTmxM aiB4aWNqND FMaUJFIGFX ZHBkR0ZzSU YgSmxZV3gw ZVNCVSBjbl Z6ZE9LQW1Y IE1nWTNWem RHOXQgWlhK eklHbHVZMi B4MVpHVWdi V0Z1IGVTQj NaV3hzTFcg dHViM2R1SU hSbCBZMmh1 YjJ4dlozIG tnWTI5dGNH RnUgYVdWek lITjFZMiBn Z1lYTWdRVz FoIGVtOXVM Q0JIYjIgOW 5iR1VzSUVs QyBUU3dnVF dsamNtIDl6 YjJaMExDQm ggYm1RZ1Qz SmhZMiB4bE xqeGljajQy IExpQlVhR1 VnWTIgOXRj R0Z1ZVNCby BZWE1nWVNC emRIIEp2Ym 1jZ1ptOWog ZFhNZ2IyNG djMyBWemRH RnBibUZpIG FXeHBkSGtn WVcgNWtJR2 hoY3lCcCBi WEJzWlcxbG JuIFJsWkNC dWRXMWwgY2 05MWN5QnRa VyBGemRYSm xjeUIwIGJ5 QnlaV1IxWT IgVWdhWFJ6 SUdWdSBkbW x5YjI1dFpX IDUwWVd3Z2 FXMXcgWVdO MExDQnpkVy BOb0lHRnpJ SFZ6IGFXNW 5JSEpsYm0g VjNZV0pzWl NCbCBibVZ5 WjNrZ2MyID kxY21ObGN5 QmggYm1RZ2 FXMXdiRyBW dFpXNTBhVz VuIElHVnVa WEpuZVMgMW xabVpwWTJs bCBiblFnWk dWemFXIGR1 Y3lCcGJpQn AgZEhNZ1pH RjBZUyBCal pXNTBaWEp6 IExqeGljaj QzTGkgQkpi aUJoWkdScC BkR2x2YmlC MGJ5IEJrWV hSaElHTmwg Ym5SbGNuTX NJRSBScFoy bDBZV3dnIF VtVmhiSFI1 SUYgUnlkWE 4wSUdGcyBj MjhnYjJabV pYIEp6SUdO dmJHOWogWV hScGIyNGdj MiBWeWRtbG paWE1zIElH bHVkR1Z5WT IgOXVibVZq ZEdsdiBiaU J6WlhKMmFX IE5sY3l3Z1 lXNWsgSUdO c2IzVmtJSC BObGNuWnBZ MlZ6IElIUn ZJR2wwY3kg QmpkWE4wYj IxbCBjbk11 UEdKeVBqIG d1SUZSb1pT QmogYjIxd1 lXNTVJRyBo aGN5QmhJRz FoIGNtdGxk Q0JqWVggQn BkR0ZzYVhw aCBkR2x2Ym lCdlppIEJ2 ZG1WeUlDUT AgTUNCaWFX eHNhVyA5dU lHRnVaQ0Jw IGN5QjBjbU ZrWlcgUWdi MjRnZEdobC BJRTVsZHlC WmIzIEpySU ZOMGIyTnIg SUVWNFkyaG hibSBkbElI VnVaR1Z5IE lIUm9aU0Iw YVcgTnJaWE lnYzNsdCBZ bTlzSUVSTV VpIDQ4WW5J K09TNGcgUk dsbmFYUmhi QyBCU1pXRn NkSGtnIFZI SjFjM1FnYU cgRnpJR0ps Wlc0ZyBjbV ZqYjJkdWFY IHBsWkNCbW IzSWcgYVhS eklHTnZiVy AxcGRHMWxi blFnIGRHOG daR2wyWlgg SnphWFI1SU dGdSBaQ0Jw Ym1Oc2RYIE 5wYjI0c0lI SmwgWTJWcG RtbHVaeSBC aElIQmxjbV psIFkzUWdj Mk52Y20gVW diMjRnZEdo bCBJRWgxYl dGdUlGIEpw WjJoMGN5Qk QgWVcxd1lX bG5idSBLQW 1YTWdRMjl5 IGNHOXlZWF JsSUUgVnhk V0ZzYVhSNS BJRWx1WkdW NElHIFp2Y2 lCemFYZ2cg WTI5dWMyVm pkWCBScGRt VWdlV1ZoIG NuTXVQR0p5 UGogRXdMaU JVYUdVZyBZ Mjl0Y0dGdW VTIEJvWVhN Z1lXeHogYn lCaVpXVnVJ RyA1aGJXVm tJSFJ2IElF WnZjblIxYm 0gWGlnSmx6 SUd4cCBjM1 FnYjJZZ1Yy IDl5YkdUaW dKbHogSUUx dmMzUWdRVy BSdGFYSmxa Q0JEIGIyMX dZVzVwWlgg TWdhVzRnZE dobCBJSEps WVd3Z1pYIE 4wWVhSbElH bHUgWkhWem RISjVJRyBa dmNpQnpaWF psIGJpQmpi MjV6WlcgTj FkR2wyWlNC NSBaV0Z5Y3 k0PQogICAg ICAgIDwvc3 Bhbj4KICAg ICAgICAKIC AgICAgICA=