Subsequent Events

3 Months Ended

Mar. 31, 2019

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On April 1, 2019, Digital Realty Trust, Inc. redeemed all 14.6 million outstanding shares of its 7.375% series H cumulative redeemable preferred stock, or the series H preferred stock, for $25.00 per share. The redemption price was equal to the original issuance price of $25.00 per share, plus accrued and unpaid dividends up to but not including the redemption date. Digital Realty Trust, Inc. funded the redemption with borrowings under the global revolving credit facility, which the Operating Partnership distributed to Digital Realty Trust, Inc. in connection with the Operating Partnership’s redemption of all 14.6 million of its outstanding series H preferred units held by Digital Realty Trust, Inc. The excess of the redemption price over the carrying value of the series H preferred stock of approximately $11.7 million relates to the original issuance costs and will be reflected as a reduction to net income available to common stockholders.