Equity and Accumulated Other Comprehensive Loss, Net (Tables)

12 Months Ended

Dec. 31, 2016

Ownership Interest In The Operating Partnership

Noncontrolling interests in the Operating Partnership relate to the interests that are not owned by Digital Realty Trust, Inc. The following table shows the ownership interest in the Operating Partnership as of December 31, 2016 and 2015:



	December 31, 2016			December 31, 2015
	Number of units	Percentage of total		Number of units	Percentage of total
Digital Realty Trust, Inc.	159,019,118	98.5	%	146,384,247	98.1	%
Noncontrolling interests consist of:
Common units held by third parties	1,141,814	0.7	%	1,421,314	1.0	%
Incentive units held by employees and directors (see note 13)	1,333,849	0.8	%	1,412,012	0.9	%
	161,494,781	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 years ended December 31, 2016, 2015 and 2014:



	Common Units		Incentive Units		Total
As of December 31, 2013	1,491,814		1,475,207		2,967,021
Redemption of common units for shares of Digital Realty Trust, Inc. common stock ⁽¹⁾	(28,000	)	—		(28,000	)
Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock ⁽¹⁾	—		(106,073	)	(106,073	)
Vesting of Class C Units (2007 Grant)	—		(18,773	)	(18,773	)
Grant of incentive units to employees and directors	—		199,486		199,486
As of December 31, 2014	1,463,814		1,549,847		3,013,661
Redemption of common units for shares of Digital Realty Trust, Inc. common stock ⁽¹⁾	(42,500	)	—		(42,500	)
Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock ⁽¹⁾	—		(113,508	)	(113,508	)
Cancellation of incentive units held by employees and directors	—		(151,579	)	(151,579	)
Grant of incentive units to employees and directors			127,252		127,252
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⁾	(279,500	)	—		(279,500	)
Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock ⁽¹⁾	—		(150,993	)	(150,993	)
Cancellation of incentive units held by employees and directors			(1,416	)	(1,416	)
Grant of incentive units to employees and directors	—		74,246		74,246
As of December 31, 2016	1,141,814		1,333,849		2,475,663


(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 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 years ended December 31, 2016, 2015 and 2014 (in thousands):



Date dividend declared	Dividend payable date	Series E Preferred Stock			Series F Preferred Stock		Series G Preferred Stock		Series H Preferred Stock			Series I Preferred Stock			Common Stock
February 11, 2014	March 31, 2014	$	5,031		$	3,023	$	3,672	$	—		$	—		$	106,743	⁽¹⁾
April 29, 2014	June 30, 2014	5,031			3,023		3,672		7,104		⁽²⁾	—			112,357		⁽¹⁾
July 21, 2014	September 30, 2014	5,031			3,023		3,672		6,730			—			112,465		⁽¹⁾
November 4, 2014	December 31, 2014 for Preferred Stock; January 15, 2015 for Common Stock	5,031			3,023		3,672		6,730			—			112,538		⁽¹⁾
		$	20,124		$	12,092	$	14,688	$	20,564		$	—		$	444,103
February 25, 2015	March 31, 2015	$	5,031		$	3,023	$	3,672	$	6,730		$	—		$	115,419	⁽³⁾
May 12, 2015	June 30, 2015	5,031			3,023		3,672		6,730			—			115,458		⁽³⁾
August 11, 2015	September 30, 2015	5,031			3,023		3,672		6,730			—			115,454		⁽³⁾
November 12, 2015	December 31, 2015 for Preferred Stock; January 15, 2016 for Common Stock	5,031			3,023		3,672		6,730			5,600		⁽⁴⁾	124,417		⁽³⁾
		$	20,124		$	12,092	$	14,688	$	26,920		$	5,600		$	470,748
February 17, 2016	March 31, 2016	$	5,031		$	3,023	$	3,672	$	6,730		$	3,969		$	131,587	⁽⁵⁾
May 11, 2016	June 30, 2016	5,031			3,023		3,672		6,730			3,969			131,607		⁽⁵⁾
August 10, 2016	September 30, 2016	—		⁽⁶⁾	3,023		3,672		6,730			3,969			131,657		⁽⁵⁾
November 9, 2016	December 30, 2016 for Preferred Stock; January 13, 2017 for Common Stock	—			3,023		3,672		6,730			3,969			141,882		⁽⁵⁾
		$	10,062		$	12,092	$	14,688	$	26,920		$	15,876		$	536,733

Annual rate of dividend per share		$	1.75000		$	1.65625	$	1.46875	$	1.84375		$	1.58800


(1)	$3.320 annual rate of dividend per share.


(2)	Represents a pro rata dividend from and including the original issue date to and including June 30, 2014.


(3)	$3.400 annual rate of dividend per share.


(4)	Represents a pro rata dividend from and including the original issue date to and including December 31, 2015.


(5)	$3.520 annual rate of dividend per share.

(6)

Redeemed on September 15, 2016 for $25.35972 per share, or a redemption price of $25.00 per share, plus accrued and unpaid dividends up to but not including the redemption date of approximately $4.1 million in the aggregate. In connection with the redemption, the previously incurred offering costs of approximately $10.3 million were deducted in the computation of net income available to common stockholders.

Schedule of Accumulated Other Comprehensive Income (Loss)

The accumulated balances for each item within other comprehensive income (loss), 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, 2014	$	(39,567	)	$	(5,479	)	$	(45,046	)
Net current period change	(50,775		)	(3,338		)	(54,113		)
Reclassification to interest expense from interest rate swaps	—			2,569			2,569
Balance as of December 31, 2015	$	(90,342	)	$	(6,248	)	$	(96,590	)
Net current period change	(85,300		)	41,395			(43,905		)
Reclassification to interest expense from interest rate swaps	—			4,890			4,890
Balance as of December 31, 2016	$	(175,642	)	$	40,037		$	(135,605	)