Equity and Accumulated Other Comprehensive Income, Net (Tables)

3 Months Ended

Mar. 31, 2016

Ownership Interest In The Operating Partnership

The following table shows the ownership interests in the Operating Partnership as of March 31, 2016 and December 31, 2015:



	March 31, 2016			December 31, 2015
	Number of units	Percentage of total		Number of units	Percentage of total
Digital Realty Trust, Inc.	146,797,648	98.3	%	146,384,247	98.1	%
Noncontrolling interests consist of:
Common units held by third parties	1,221,314	0.8		1,421,314	1.0
Incentive units held by employees and directors (see Note 13)	1,375,236	0.9		1,412,012	0.9
	149,394,198	100.0	%	149,217,573	100.0	%

Summary Of Activity For Noncontrolling Interests In The Operating Partnership

The following table shows activity for the noncontrolling interests in the Operating Partnership for the three months ended March 31, 2016:



	Common Units		Incentive Units		Total
As of December 31, 2015	1,421,314		1,412,012		2,833,326
Redemption of common units for shares of Digital Realty Trust, Inc. common stock (1)	(200,000	)	—		(200,000	)
Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock (1)	—		(52,521	)	(52,521	)
Cancellation of incentive units held by employees and directors	—		—		—
Grant of incentive units to employees and directors	—		15,745		15,745
As of March 31, 2016	1,221,314		1,375,236		2,596,550


(1)	This redemption was recorded as a reduction to noncontrolling interests in the Operating Partnership and an increase to common stock and additional paid in capital based on the book value per unit in the accompanying condensed consolidated balance sheet of Digital Realty Trust, Inc.

Schedule Of Dividends/Distributions

We have declared and paid the following dividends on our common and preferred stock for the three months ended March 31, 2016 (in thousands, except per share data):



Date dividend declared	Dividend payment date	Series E Preferred Stock		Series F Preferred Stock		Series G Preferred Stock		Series H Preferred Stock		Series I Preferred Stock		Common Stock
February 17, 2016	March 31, 2016	$	5,031	$	3,023	$	3,672	$	6,730	$	3,969	$	129,064

Annual rate of dividend per share		$	1.750	$	1.656	$	1.469	$	1.844	$	1.588	$	3.520

Schedule Of Accumulated Other Comprehensive Income, Net

The accumulated balances for each item within other comprehensive income, net are as follows (in thousands):



	Foreign currency translation adjustments			Cash flow hedge adjustments			Accumulated other comprehensive income (loss), net
Balance as of December 31, 2015	$	(90,342	)	$	(6,248	)	$	(96,590	)
Net current period change	(1,417		)	(7,285		)	(8,702		)
Reclassification to interest expense from interest rate swaps	—			1,040			1,040
Balance as of March 31, 2016	$	(91,759	)	$	(12,493	)	$	(104,252	)