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Income per Share
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Income per Share
Income per Share
The following is a summary of basic and diluted income per share (in thousands, except share and per share amounts):
 
 
Year Ended December 31,
 
2018
 
2017
 
2016
Net income available to common stockholders
$
249,930

 
$
173,148

 
$
332,088

Weighted average shares outstanding—basic
206,035,408

 
174,059,386

 
149,953,662

Potentially dilutive common shares:
 
 
 
 
 
Stock options

 

 
9,726

Unvested incentive units
141,260

 
141,136

 
71,031

Forward equity offering
33,315

 
124,527

 
3,990

Market performance-based awards
463,488

 
570,049

 
641,279

Weighted average shares outstanding—diluted
206,673,471

 
174,895,098

 
150,679,688

Income per share:
 
 
 
 
 
Basic
$
1.21

 
$
0.99

 
$
2.21

Diluted
$
1.21

 
$
0.99

 
$
2.20



We have excluded the following potentially dilutive securities in the calculations above as they would be antidilutive or not dilutive:
 
Year Ended December 31,
 
2018
 
2017
 
2016
Weighted average of Operating Partnership common units not owned by Digital Realty Trust, Inc.
8,227,463

 
3,996,550

 
2,406,018

Potentially dilutive Series C Cumulative Redeemable Perpetual Preferred Stock
1,876,584

 
540,773

 

Potentially dilutive Series E Cumulative Redeemable Preferred Stock

 

 
2,880,254

Potentially dilutive Series F Cumulative Redeemable Preferred Stock

 
463,301

 
1,939,905

Potentially dilutive Series G Cumulative Redeemable Preferred Stock
2,326,861

 
2,261,153

 
2,652,503

Potentially dilutive Series H Cumulative Redeemable Preferred Stock
3,409,772

 
3,313,484

 
3,886,966

Potentially dilutive Series I Cumulative Redeemable Preferred Stock
2,329,584

 
2,263,799

 
2,655,607

Potentially dilutive Series J Cumulative Redeemable Preferred Stock
1,858,622

 
720,803

 

 
20,028,886

 
13,559,863

 
16,421,253