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Condensed Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating Revenues:        
Rental and other services $ 596,326 $ 470,877 $ 1,188,624 $ 932,228
Tenant reimbursements 155,723 93,342 305,802 180,630
Fee income 2,343 1,429 3,476 3,324
Other 527 341 1,385 376
Total operating revenues 754,919 565,989 1,499,287 1,116,558
Operating Expenses:        
Rental property operating and maintenance 230,322 174,716 455,962 344,055
Property taxes 27,284 28,161 62,547 55,080
Insurance 2,606 2,576 6,337 5,168
Depreciation and amortization 298,788 178,111 593,577 354,577
General and administrative 46,099 37,509 82,622 72,156
Transactions and integration 5,606 14,235 9,784 17,558
Other 152 24 583 24
Total operating expenses 610,857 435,332 1,211,412 848,618
Operating income 144,062 130,657 287,875 267,940
Other Income (Expenses):        
Equity in earnings of unconsolidated joint ventures 7,438 8,388 14,848 13,712
Gain (loss) on sale of properties 14,192 380 53,465 (142)
Interest and other income 3,398 367 3,356 518
Interest expense (78,810) (57,582) (155,795) (113,032)
Tax expense (2,121) (2,639) (5,495) (4,862)
Net income 88,159 79,571 198,254 164,134
Net income attributable to noncontrolling interests (2,696) (920) (6,164) (1,945)
Net income attributable to Digital Realty Trust, Inc./Digital Realty Trust, L.P. 85,463 78,651 192,090 162,189
Preferred stock/unit dividends/distributions (20,329) (14,505) (40,658) (31,898)
Issuance costs associated with redeemed preferred stock/units 0 (6,309) 0 (6,309)
Net income available to common stock/unitholders $ 65,134 $ 57,837 $ 151,432 $ 123,982
Net income per share/unit available to common stockholders/unitholders:        
Basic (in dollars per share/unit) $ 0.32 $ 0.36 $ 0.74 $ 0.77
Diluted (in dollars per share/unit) $ 0.32 $ 0.36 $ 0.73 $ 0.77
Weighted average common shares/units outstanding:        
Basic (shares/units) 205,956,005 160,832,889 205,835,757 160,069,201
Diluted (shares/units) 206,563,079 161,781,867 206,460,170 161,059,527
Digital Realty Trust, L.P.        
Operating Revenues:        
Rental and other services $ 596,326 $ 470,877 $ 1,188,624 $ 932,228
Tenant reimbursements 155,723 93,342 305,802 180,630
Fee income 2,343 1,429 3,476 3,324
Other 527 341 1,385 376
Total operating revenues 754,919 565,989 1,499,287 1,116,558
Operating Expenses:        
Rental property operating and maintenance 230,322 174,716 455,962 344,055
Property taxes 27,284 28,161 62,547 55,080
Insurance 2,606 2,576 6,337 5,168
Depreciation and amortization 298,788 178,111 593,577 354,577
General and administrative 46,099 37,509 82,622 72,156
Transactions and integration 5,606 14,235 9,784 17,558
Other 152 24 583 24
Total operating expenses 610,857 435,332 1,211,412 848,618
Operating income 144,062 130,657 287,875 267,940
Other Income (Expenses):        
Equity in earnings of unconsolidated joint ventures 7,438 8,388 14,848 13,712
Gain (loss) on sale of properties 14,192 380 53,465 (142)
Interest and other income 3,398 367 3,356 518
Interest expense (78,810) (57,582) (155,795) (113,032)
Tax expense (2,121) (2,639) (5,495) (4,862)
Net income 88,159 79,571 198,254 164,134
Net income attributable to noncontrolling interests 4 (113) 16 (234)
Net income attributable to Digital Realty Trust, Inc./Digital Realty Trust, L.P. 88,163 79,458 198,270 163,900
Preferred stock/unit dividends/distributions (20,329) (14,505) (40,658) (31,898)
Issuance costs associated with redeemed preferred stock/units 0 (6,309) 0 (6,309)
Net income available to common stock/unitholders $ 67,834 $ 58,644 $ 157,612 $ 125,693
Net income per share/unit available to common stockholders/unitholders:        
Basic (in dollars per share/unit) $ 0.32 $ 0.36 $ 0.74 $ 0.77
Diluted (in dollars per share/unit) $ 0.32 $ 0.36 $ 0.73 $ 0.77
Weighted average common shares/units outstanding:        
Basic (shares/units) 214,288,199 163,077,599 214,149,188 162,280,678
Diluted (shares/units) 214,895,273 164,026,577 214,773,601 163,271,004