XML 26 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Income Statements - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Revenues:      
Rental $ 1,542,511 $ 1,354,986 $ 1,256,086
Tenant reimbursements 355,903 359,875 350,234
Interconnection and other 204,317 40,759 0
Fee income 6,285 6,638 7,268
Other 33,197 1,078 2,850
Total operating revenues 2,142,213 1,763,336 1,616,438
Operating Expenses:      
Rental property operating and maintenance 660,177 549,885 503,140
Property taxes 102,497 92,588 91,538
Insurance 9,492 8,809 8,643
Change in fair value of contingent consideration 0 (44,276) (8,093)
Depreciation and amortization 699,324 570,527 538,513
General and administrative 152,733 105,549 93,188
Transaction expenses 20,491 17,400 1,303
Impairment of investments in real estate 0 0 126,470
Other 213 60,943 3,070
Total operating expenses 1,644,927 1,361,425 1,357,772
Operating income 497,286 401,911 258,666
Other Income (Expenses):      
Equity in earnings of unconsolidated joint ventures 17,104 15,491 13,289
Gain on sale of property 169,902 94,604 15,945
Gain on contribution of properties to unconsolidated joint ventures 0 0 95,404
Gain on sale of equity investment 0 0 14,551
Interest and other income (4,564) (2,381) 2,663
Interest expense (236,480) (201,435) (191,085)
Tax expense (10,385) (6,451) (5,238)
Loss from early extinguishment of debt (1,011) (148) (780)
Net income 431,852 301,591 203,415
Net income attributable to noncontrolling interests (5,665) (4,902) (3,232)
Net income attributable to Digital Realty Trust, Inc./Digital Realty Trust, L.P. 426,187 296,689 200,183
Preferred stock dividends/Preferred units distributions (83,771) (79,423) (67,465)
Issuance costs associated with redeemed preferred stock (10,328) 0 0
Net income available to common stockholders/unitholders $ 332,088 $ 217,266 $ 132,718
Net income per share/unit available to common stockholders/unitholders:      
Basic (in dollars per share) $ 2.21 $ 1.57 $ 1.00
Diluted (in dollars per share) $ 2.20 $ 1.56 $ 0.99
Weighted average common shares/units outstanding:      
Basic (in shares) 149,953,662 138,247,606 133,369,047
Diluted (in shares) 150,679,688 138,865,421 133,637,235
Digital Realty Trust, L.P.      
Operating Revenues:      
Rental $ 1,542,511 $ 1,354,986 $ 1,256,086
Tenant reimbursements 355,903 359,875 350,234
Interconnection and other 204,317 40,759 0
Fee income 6,285 6,638 7,268
Other 33,197 1,078 2,850
Total operating revenues 2,142,213 1,763,336 1,616,438
Operating Expenses:      
Rental property operating and maintenance 660,177 549,885 503,140
Property taxes 102,497 92,588 91,538
Insurance 9,492 8,809 8,643
Change in fair value of contingent consideration 0 (44,276) (8,093)
Depreciation and amortization 699,324 570,527 538,513
General and administrative 152,733 105,549 93,188
Transaction expenses 20,491 17,400 1,303
Impairment of investments in real estate 0 0 126,470
Other 213 60,943 3,070
Total operating expenses 1,644,927 1,361,425 1,357,772
Operating income 497,286 401,911 258,666
Other Income (Expenses):      
Equity in earnings of unconsolidated joint ventures 17,104 15,491 13,289
Gain on sale of property 169,902 94,604 15,945
Gain on contribution of properties to unconsolidated joint ventures 0 0 95,404
Gain on sale of equity investment 0 0 14,551
Interest and other income (4,564) (2,381) 2,663
Interest expense (236,480) (202,800) (191,085)
Tax expense (10,385) (6,451) (5,238)
Loss from early extinguishment of debt (1,011) (148) (780)
Net income 431,852 300,226 203,415
Net loss attributable to noncontrolling interests in consolidated joint ventures (367) (460) (465)
Net income attributable to Digital Realty Trust, Inc./Digital Realty Trust, L.P. 431,485 299,766 202,950
Preferred stock dividends/Preferred units distributions (83,771) (79,423) (67,465)
Issuance costs associated with redeemed preferred stock (10,328) 0 0
Net income available to common stockholders/unitholders $ 337,386 $ 220,343 $ 135,485
Net income per share/unit available to common stockholders/unitholders:      
Basic (in dollars per share) $ 2.21 $ 1.56 $ 1.00
Diluted (in dollars per share) $ 2.20 $ 1.55 $ 0.99
Weighted average common shares/units outstanding:      
Basic (in shares) 152,359,680 140,905,897 136,122,661
Diluted (in shares) 153,085,706 141,523,712 136,390,849