Equity and Accumulated Other Comprehensive Loss, Net (Tables)

3 Months Ended

Mar. 31, 2017

Ownership Interest In The Operating Partnership

The following table shows the ownership interests in the Operating Partnership as of March 31, 2017 and December 31, 2016:



	March 31, 2017			December 31, 2016
	Number of units	Percentage of total		Number of units	Percentage of total
Digital Realty Trust, Inc.	159,539,892	98.4	%	159,019,118	98.5	%
Noncontrolling interests consist of:
Common units held by third parties	1,011,814	0.6	%	1,141,814	0.7	%
Incentive units held by employees and directors (see Note 13)	1,534,357	1.0	%	1,333,849	0.8	%
	162,086,063	100.0	%	161,494,781	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, 2017:



	Common Units		Incentive Units		Total
As of December 31, 2016	1,141,814		1,333,849		2,475,663
Redemption of common units for shares of Digital Realty Trust, Inc. common stock ⁽¹⁾	(130,000	)	—		(130,000	)
Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock ⁽¹⁾	—		(86,964	)	(86,964	)
Incentive units issued upon achievement of market performance condition	—		232,148		232,148
Grant of incentive units to employees and directors	—		55,324		55,324
As of March 31, 2017	1,011,814		1,534,357		2,546,171


(1)	Redemption of common units and conversion of incentive units were 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, 2017 (in thousands, except per share data):



Date dividend declared	Dividend payment date	Series F Preferred Stock ⁽¹⁾		Series G Preferred Stock		Series H Preferred Stock		Series I Preferred Stock		Common Stock
March 1, 2017	March 31, 2017	$	3,023	$	3,672	$	6,730	$	3,969	$	148,358

Annual rate of dividend per share		$	1.656	$	1.469	$	1.844	$	1.588	$	3.720

(1)

Redeemed on April 5, 2017 for $25.01840 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 $0.1 million in the aggregate. In connection with the redemption, the previously incurred offering costs of approximately $6.3 million will be deducted in the computation of net income available to common stockholders.

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, 2016	$	(175,642	)	$	40,037		$	(135,605	)
Net current period change	16,354			(4,305		)	12,049
Reclassification to interest expense from interest rate swaps	—			1,016			1,016
Balance as of March 31, 2017	$	(159,288	)	$	36,748		$	(122,540	)