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Income Per Share
9 Months Ended
Sep. 30, 2013
Income Per Share [Abstract]  
Income Per Share

8. Income per Share

The following is a summary of basic and diluted income per share (in thousands, except share and per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

Net income available to common stockholders—basic

 

$          138,872

 

$            45,615

 

$          228,606

 

$          126,847

 

 

 

 

 

 

 

 

 

Add:  Interest and amortization of debt issuance costs on
2029 Debentures

 

4,050 

 

 -

 

 -

 

 -

Net income available to common stockholders—diluted

 

$          142,922

 

$            45,615

 

$          228,606

 

$          126,847

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding—basic

 

128,427,444 

 

122,026,421 

 

127,771,419 

 

112,995,512 

Potentially dilutive common shares:

 

 

 

 

 

 

 

 

Stock options

 

58,150 

 

76,774 

 

64,767 

 

74,462 

Unvested incentive units

 

132,195 

 

250,316 

 

119,583 

 

205,247 

Effect of dilutive 2029 Debentures

 

6,683,976 

 

 -

 

 -

 

 -

Weighted average shares outstanding—diluted

 

135,301,765 

 

122,353,511 

 

127,955,769 

 

113,275,221 

 

 

 

 

 

 

 

 

 

Income per share:

 

 

 

 

 

 

 

 

Basic

 

$                1.08

 

$                0.37

 

$                1.79

 

$                1.12

Diluted

 

$                1.06

 

$                0.37

 

$                1.79

 

$                1.12

We have excluded the following potentially dilutive securities in the calculations above as they would be antidilutive or not dilutive:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

2013

 

2012

 

2013

 

2012

Weighted average of Operating Partnership common
   units not owned by Digital Realty Trust, Inc.

 

2,549,749 

 

4,345,574 

 

2,515,964 

 

4,346,586 

Potentially dilutive 2029 Debentures

 

 -

 

6,514,812 

 

6,628,489 

 

6,471,282 

Potentially dilutive Series C Cumulative Convertible
   Preferred Stock

 

 -

 

 -

 

 -

 

1,087,398 

Potentially dilutive Series D Cumulative Convertible
   Preferred Stock

 

 -

 

4,219,384 

 

629,389 

 

4,309,978 

Potentially dilutive Series E Cumulative Redeemable
   Preferred Stock

 

5,251,059 

 

4,151,146 

 

4,853,976 

 

4,045,501 

Potentially dilutive Series F Cumulative Redeemable
   Preferred Stock

 

3,330,210 

 

2,632,647 

 

3,078,381 

 

1,243,998 

Potentially dilutive Series G Cumulative Redeemable
   Preferred Stock

 

4,153,208 

 

 -

 

2,918,921 

 

 -

 

 

15,684,535 

 

21,863,563 

 

20,625,120 

 

21,504,743