XML 34 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED INCOME STATEMENTS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Revenues:      
Rental and other services $ 2,412,076 $ 2,010,301 $ 1,746,828
Tenant reimbursements 624,637 440,224 355,903
Fee income and other 9,765 7,403 39,482
Total operating revenues 3,046,478 2,457,928 2,142,213
Operating Expenses:      
Rental property operating and maintenance 957,065 759,616 660,177
Property taxes 129,516 124,014 102,497
Insurance 11,402 10,981 9,492
Depreciation and amortization 1,186,896 842,464 699,324
General and administrative 163,667 161,441 152,733
Transaction and integration expenses 45,327 76,048 20,491
Impairment of investments in real estate 0 28,992 0
Other 2,818 3,077 213
Total operating expenses 2,496,691 2,006,633 1,644,927
Operating income 549,787 451,295 497,286
Other Income (Expenses):      
Equity in earnings of unconsolidated joint ventures 32,979 25,516 17,104
Gain on sale of properties 80,049 40,354 169,902
Interest and other income 3,481 3,655 (4,564)
Interest expense (321,529) (258,642) (236,480)
Tax expense (2,084) (7,901) (10,385)
(Loss) gain from early extinguishment of debt (1,568) 1,990 (1,011)
Net income 341,115 256,267 431,852
Net income attributable to noncontrolling interests (9,869) (8,008) (5,665)
Net income attributable to Digital Realty Trust, Inc./Digital Realty Trust, L.P. 331,246 248,259 426,187
Preferred stock dividends/Preferred units distributions (81,316) (68,802) (83,771)
Issuance costs associated with redeemed preferred stock 0 (6,309) (10,328)
Net income available to common stockholders/unitholders $ 249,930 $ 173,148 $ 332,088
Net income per share/unit available to common stockholders/unitholders:      
Basic (in dollars per share) $ 1.21 $ 0.99 $ 2.21
Diluted (in dollars per share) $ 1.21 $ 0.99 $ 2.20
Weighted average common shares/units outstanding:      
Basic (in shares) 206,035,408 174,059,386 149,953,662
Diluted (in shares) 206,673,471 174,895,098 150,679,688
Digital Realty Trust, L.P.      
Operating Revenues:      
Rental and other services $ 2,412,076 $ 2,010,301 $ 1,746,828
Tenant reimbursements 624,637 440,224 355,903
Fee income and other 9,765 7,403 39,482
Total operating revenues 3,046,478 2,457,928 2,142,213
Operating Expenses:      
Rental property operating and maintenance 957,065 759,616 660,177
Property taxes 129,516 124,014 102,497
Insurance 11,402 10,981 9,492
Depreciation and amortization 1,186,896 842,464 699,324
General and administrative 163,667 161,441 152,733
Transaction and integration expenses 45,327 76,048 20,491
Impairment of investments in real estate 0 28,992 0
Other 2,818 3,077 213
Total operating expenses 2,496,691 2,006,633 1,644,927
Operating income 549,787 451,295 497,286
Other Income (Expenses):      
Equity in earnings of unconsolidated joint ventures 32,979 25,516 17,104
Gain on sale of properties 80,049 40,354 169,902
Interest and other income 3,481 3,655 (4,564)
Interest expense (321,529) (258,642) (236,480)
Tax expense (2,084) (7,901) (10,385)
(Loss) gain from early extinguishment of debt (1,568) 1,990 (1,011)
Net income 341,115 256,267 431,852
Net loss (income) attributable to noncontrolling interests in consolidated joint ventures 311 (4,238) (367)
Net income attributable to Digital Realty Trust, Inc./Digital Realty Trust, L.P. 341,426 252,029 431,485
Preferred stock dividends/Preferred units distributions (81,316) (68,802) (83,771)
Issuance costs associated with redeemed preferred stock 0 (6,309) (10,328)
Net income available to common stockholders/unitholders $ 260,110 $ 176,918 $ 337,386
Net income per share/unit available to common stockholders/unitholders:      
Basic (in dollars per share) $ 1.21 $ 0.99 $ 2.21
Diluted (in dollars per share) $ 1.21 $ 0.99 $ 2.20
Weighted average common shares/units outstanding:      
Basic (in shares) 214,312,871 178,055,936 152,359,680
Diluted (in shares) 214,950,934 178,891,648 153,085,706