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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Properties:    
Land $ 746,822 $ 689,573
Acquired ground leases 11,335 12,639
Buildings and improvements 10,267,525 9,676,427
Tenant improvements 532,787 536,734
Total investments in properties 11,558,469 10,915,373
Accumulated depreciation and amortization (2,668,509) (2,251,268)
Net investments in properties 8,889,960 8,664,105
Investment in unconsolidated joint ventures 106,402 106,107
Net investments in real estate 8,996,362 8,770,212
Cash and cash equivalents 10,528 57,053
Accounts and other receivables, net of allowance for doubtful accounts of $7,446 and $5,844 as of December 31, 2016 and December 31, 2015, respectively 203,938 177,398
Deferred rent 412,269 403,327
Acquired above-market leases, net of accumulated amortization of $87,961 and $89,613 as of December 31, 2016 and December 31, 2015, respectively 22,181 32,698
Goodwill 752,970 330,664
Acquired in-place lease value, deferred leasing costs and intangibles, net of accumulated amortization of $772,443 and $621,132 1,522,378 1,391,659
Restricted cash 11,508 18,009
Assets held for sale 56,097 180,139
Other assets 204,354 54,904
Total assets 12,192,585 11,416,063
LIABILITIES AND EQUITY    
Unsecured senior notes, net of discount 4,153,797 3,712,569
Mortgage loans, including premiums 3,240 302,930
Accounts payable and other accrued liabilities 824,878 608,343
Accrued dividends and distributions 144,194 126,925
Acquired below-market leases, net of accumulated amortization of $202,000 and $193,677 as of December 31, 2016 and December 31, 2015, respectively 81,899 101,114
Security deposits and prepaid rents 168,111 138,347
Obligations associated with assets held for sale 2,599 5,795
Total liabilities 7,060,288 6,879,561
Commitments and contingencies
Preferred Stock: $0.01 par value per share, 110,000,000 authorized as of December 31, 2016 and 70,000,000 shares authorized as of December 31, 2015:    
Common Stock: $0.01 par value, 265,000,000 shares authorized as of December 31, 2016 and 215,000,000 shares authorized as of December 31, 2015, 159,019,118 and 146,384,247 shares issued and outstanding as of December 31, 2016 and December 31, 2015, respectively 1,582 1,456
Additional paid-in capital 5,764,497 4,655,220
Accumulated dividends in excess of earnings (1,547,420) (1,350,089)
Accumulated other comprehensive loss, net (135,605) (96,590)
Total stockholders’ equity 5,096,015 4,500,132
Noncontrolling Interests:    
Noncontrolling interests in operating partnership 29,684 29,612
Noncontrolling interests in consolidated joint ventures 6,598 6,758
Total noncontrolling interests 36,282 36,370
Total equity 5,132,297 4,536,502
Total liabilities and equity 12,192,585 11,416,063
Digital Realty Trust, L.P.    
Properties:    
Land 746,822 689,573
Acquired ground leases 11,335 12,639
Buildings and improvements 10,267,525 9,676,427
Tenant improvements 532,787 536,734
Total investments in properties 11,558,469 10,915,373
Accumulated depreciation and amortization (2,668,509) (2,251,268)
Net investments in properties 8,889,960 8,664,105
Investment in unconsolidated joint ventures 106,402 106,107
Net investments in real estate 8,996,362 8,770,212
Cash and cash equivalents 10,528 57,053
Accounts and other receivables, net of allowance for doubtful accounts of $7,446 and $5,844 as of December 31, 2016 and December 31, 2015, respectively 203,938 177,398
Deferred rent 412,269 403,327
Acquired above-market leases, net of accumulated amortization of $87,961 and $89,613 as of December 31, 2016 and December 31, 2015, respectively 22,181 32,698
Goodwill 752,970 330,664
Acquired in-place lease value, deferred leasing costs and intangibles, net of accumulated amortization of $772,443 and $621,132 1,522,378 1,391,659
Restricted cash 11,508 18,009
Assets held for sale 56,097 180,139
Other assets 204,354 54,904
Total assets 12,192,585 11,416,063
LIABILITIES AND EQUITY    
Unsecured senior notes, net of discount 4,153,797 3,712,569
Mortgage loans, including premiums 3,240 302,930
Accounts payable and other accrued liabilities 824,878 609,708
Accrued dividends and distributions 144,194 126,925
Acquired below-market leases, net of accumulated amortization of $202,000 and $193,677 as of December 31, 2016 and December 31, 2015, respectively 81,899 101,114
Security deposits and prepaid rents 168,111 138,347
Obligations associated with assets held for sale 2,599 5,795
Total liabilities 7,060,288 6,880,926
Commitments and contingencies
Preferred Stock: $0.01 par value per share, 110,000,000 authorized as of December 31, 2016 and 70,000,000 shares authorized as of December 31, 2015:    
Common units: 146,384,247 and 135,626,255 units issued and outstanding as of December 31, 2015 and December 31, 2014, respectively 4,218,659 3,305,222
Limited partners, 1,141,814 and 1,421,314 common units, 995,265 and 1,032,775 profits interest units and 338,584 and 379,237 class C units outstanding as of December 31, 2016 and December 31, 2015, respectively 34,698 33,986
Accumulated other comprehensive loss, net (140,619) (100,964)
Total partners’ capital 5,125,699 4,528,379
Noncontrolling Interests:    
Noncontrolling interests in consolidated joint ventures 6,598 6,758
Total capital 5,132,297 4,535,137
Total liabilities and equity 12,192,585 11,416,063
Series E Cumulative Redeemable Preferred Stock    
Preferred Stock: $0.01 par value per share, 110,000,000 authorized as of December 31, 2016 and 70,000,000 shares authorized as of December 31, 2015:    
Preferred Stock 0 277,172
Series E Cumulative Redeemable Preferred Stock | Digital Realty Trust, L.P.    
Preferred Stock: $0.01 par value per share, 110,000,000 authorized as of December 31, 2016 and 70,000,000 shares authorized as of December 31, 2015:    
Preferred Stock 0 277,172
Series F Cumulative Redeemable Preferred Stock    
Preferred Stock: $0.01 par value per share, 110,000,000 authorized as of December 31, 2016 and 70,000,000 shares authorized as of December 31, 2015:    
Preferred Stock 176,191 176,191
Series F Cumulative Redeemable Preferred Stock | Digital Realty Trust, L.P.    
Preferred Stock: $0.01 par value per share, 110,000,000 authorized as of December 31, 2016 and 70,000,000 shares authorized as of December 31, 2015:    
Preferred Stock 176,191 176,191
Series G Cumulative Redeemable Preferred Stock    
Preferred Stock: $0.01 par value per share, 110,000,000 authorized as of December 31, 2016 and 70,000,000 shares authorized as of December 31, 2015:    
Preferred Stock 241,468 241,468
Series G Cumulative Redeemable Preferred Stock | Digital Realty Trust, L.P.    
Preferred Stock: $0.01 par value per share, 110,000,000 authorized as of December 31, 2016 and 70,000,000 shares authorized as of December 31, 2015:    
Preferred Stock 241,468 241,468
Series H Cumulative Redeemable Preferred Stock    
Preferred Stock: $0.01 par value per share, 110,000,000 authorized as of December 31, 2016 and 70,000,000 shares authorized as of December 31, 2015:    
Preferred Stock 353,290 353,290
Series H Cumulative Redeemable Preferred Stock | Digital Realty Trust, L.P.    
Preferred Stock: $0.01 par value per share, 110,000,000 authorized as of December 31, 2016 and 70,000,000 shares authorized as of December 31, 2015:    
Preferred Stock 353,290 353,290
Series I Cumulative Redeemable Preferred Stock    
Preferred Stock: $0.01 par value per share, 110,000,000 authorized as of December 31, 2016 and 70,000,000 shares authorized as of December 31, 2015:    
Preferred Stock 242,012 242,014
Series I Cumulative Redeemable Preferred Stock | Digital Realty Trust, L.P.    
Preferred Stock: $0.01 par value per share, 110,000,000 authorized as of December 31, 2016 and 70,000,000 shares authorized as of December 31, 2015:    
Preferred Stock 242,012 242,014
Global revolving credit facility    
LIABILITIES AND EQUITY    
Line of credit 199,209 960,271
Global revolving credit facility | Digital Realty Trust, L.P.    
LIABILITIES AND EQUITY    
Line of credit 199,209 960,271
Unsecured term loan    
LIABILITIES AND EQUITY    
Line of credit 1,482,361 923,267
Unsecured term loan | Digital Realty Trust, L.P.    
LIABILITIES AND EQUITY    
Line of credit $ 1,482,361 $ 923,267