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Condensed Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating Revenues:        
Rental $ 395,212 $ 336,679 $ 1,143,449 $ 983,695
Tenant reimbursements 95,665 95,484 268,094 268,885
Interconnection and other 53,897 1,651 149,223 4,477
Fee income 1,517 1,595 4,567 4,758
Other 2 580 93 1,078
Total operating revenues 546,293 435,989 1,565,426 1,262,893
Operating Expenses:        
Rental property operating and maintenance 177,192 140,538 490,909 394,640
Property taxes 20,620 19,953 75,400 64,116
Insurance 2,470 2,140 7,123 6,449
Change in fair value of contingent consideration 0 (1,594) 0 (44,276)
Depreciation and amortization 178,133 136,974 522,743 397,571
General and administrative 46,135 22,755 111,580 69,562
Transactions 6,015 11,042 11,530 14,301
Other (22) 51 (23) 29
Total operating expenses 430,543 331,859 1,219,262 902,392
Operating income 115,750 104,130 346,164 360,501
Other Income (Expenses):        
Equity in earnings of unconsolidated joint ventures 4,152 4,169 12,362 12,170
Gain (loss) on sale of properties 169,000 (207) 170,097 94,282
Interest and other (expense) income 355 (358) (3,594) (2,879)
Interest expense (63,084) (48,138) (180,254) (139,718)
Tax expense (3,720) (1,754) (8,081) (6,044)
Loss from early extinguishment of debt (18) 0 (982) (148)
Net income 222,435 57,842 335,712 318,164
Net income attributable to noncontrolling interests (3,247) (864) (4,600) (5,492)
Net income attributable to Digital Realty Trust, Inc./Digital Realty Trust, L.P. 219,188 56,978 331,112 312,672
Preferred stock/unit dividends/distributions (21,530) (18,456) (66,378) (55,367)
Issuance costs associated with redeemed preferred stock/units (10,328) 0 (10,328) 0
Net income available to common stock/unitholders $ 187,330 $ 38,522 $ 254,406 $ 257,305
Net income per share/unit available to common stockholders/unitholders:        
Basic ($ per share/unit) $ 1.27 $ 0.28 $ 1.73 $ 1.89
Diluted ($ per share/unit) $ 1.25 $ 0.28 $ 1.72 $ 1.88
Weighted average common shares/units outstanding:        
Weighted average shares/units outstanding-basic (shares/units) 147,397,853 135,832,503 146,930,939 135,782,831
Weighted average shares/units outstanding-diluted (shares/units) 149,384,871 138,259,936 147,655,184 136,920,477
Digital Realty Trust, L.P.        
Operating Revenues:        
Rental $ 395,212 $ 336,679 $ 1,143,449 $ 983,695
Tenant reimbursements 95,665 95,484 268,094 268,885
Interconnection and other 53,897 1,651 149,223 4,477
Fee income 1,517 1,595 4,567 4,758
Other 2 580 93 1,078
Total operating revenues 546,293 435,989 1,565,426 1,262,893
Operating Expenses:        
Rental property operating and maintenance 177,192 140,538 490,909 394,640
Property taxes 20,620 19,953 75,400 64,116
Insurance 2,470 2,140 7,123 6,449
Change in fair value of contingent consideration 0 (1,594) 0 (44,276)
Depreciation and amortization 178,133 136,974 522,743 397,571
General and administrative 46,135 22,755 111,580 69,562
Transactions 6,015 11,042 11,530 14,301
Other (22) 51 (23) 29
Total operating expenses 430,543 331,859 1,219,262 902,392
Operating income 115,750 104,130 346,164 360,501
Other Income (Expenses):        
Equity in earnings of unconsolidated joint ventures 4,152 4,169 12,362 12,170
Gain (loss) on sale of properties 169,000 (207) 170,097 94,282
Interest and other (expense) income 355 (358) (3,594) (2,879)
Interest expense (63,084) (49,291) (180,254) (140,871)
Tax expense (3,720) (1,754) (8,081) (6,044)
Loss from early extinguishment of debt (18) 0 (982) (148)
Net income 222,435 56,689 335,712 317,011
Net income attributable to noncontrolling interests (223) (117) (456) (342)
Net income attributable to Digital Realty Trust, Inc./Digital Realty Trust, L.P. 222,212 56,572 335,256 316,669
Preferred stock/unit dividends/distributions (21,530) (18,456) (66,378) (55,367)
Issuance costs associated with redeemed preferred stock/units (10,328) 0 (10,328) 0
Net income available to common stock/unitholders $ 190,354 $ 38,116 $ 258,550 $ 261,302
Net income per share/unit available to common stockholders/unitholders:        
Basic ($ per share/unit) $ 1.27 $ 0.28 $ 1.73 $ 1.89
Diluted ($ per share/unit) $ 1.25 $ 0.27 $ 1.72 $ 1.88
Weighted average common shares/units outstanding:        
Weighted average shares/units outstanding-basic (shares/units) 149,777,524 138,467,947 149,352,237 138,481,046
Weighted average shares/units outstanding-diluted (shares/units) 151,764,542 139,192,198 150,076,482 139,050,965