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Capital and Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2019


			Total
			Liquidation		Annual		Units Outstanding as		Balance (in thousands, net of
	Date(s)	Initial Date to	Value (in		Distribution		of December 31,		issuance costs) as of December 31,
Preferred Units ⁽¹⁾	Issued	Redeem ⁽²⁾	thousands) ⁽³⁾		Rate⁽⁴⁾		2019	2018	2019		2018
6.625% Series C Cumulative Redeemable Perpetual Preferred Units	Sep 14, 2017	May 15, 2021	$	201,250	$	1.65625	8,050,000	8,050,000	$	219,250	$	219,250
5.875% Series G Cumulative Redeemable Preferred Units	Apr 9, 2013	Apr 9, 2018		250,000		1.46875	10,000,000	10,000,000		241,468		241,468
7.375% Series H Cumulative Redeemable Preferred Units	Mar 26, 2014	Mar 26, 2019		—		1.84375	—	14,600,000		—		353,290
6.350% Series I Cumulative Redeemable Preferred Units	Aug 24, 2015	Aug 24, 2020		250,000		1.58750	10,000,000	10,000,000		242,012		242,012
5.250% Series J Cumulative Redeemable Preferred Units	Aug 7, 2017	Aug 7, 2022		200,000		1.31250	8,000,000	8,000,000		193,540		193,540
5.850% Series K Cumulative Redeemable Preferred Units	Mar 13, 2019	Mar 13, 2024		210,000		1.46250	8,400,000	—		203,264		—
5.200% Series L Cumulative Redeemable Preferred Units	Oct 10, 2019	Oct 10, 2024		345,000		1.30000	13,800,000	—		334,886		—
			$	1,456,250			58,250,000	50,650,000	$	1,434,420	$	1,249,560

(1)

All series of preferred units do not have a stated maturity date and are not subject to any sinking fund or mandatory redemption provisions. Upon liquidation, dissolution or winding up, each series of preferred units will rank senior to Digital Realty Trust, Inc. common units and on parity with the other series of preferred units.

(2)

Except in limited circumstances, reflects earliest date that Digital Realty Trust, Inc. may exercise its option to redeem the corresponding series of preferred stock, at a redemption price of $25.00 per share, plus accrued and unpaid dividends up to but excluding the date of redemption. The Operating Partnership is required to redeem the corresponding series of preferred units in the event that the General Partner redeems a series of preferred stock.

(3)	Liquidation preference is $25.00 per unit.

(4)	Distributions on preferred units are cumulative and payable quarterly in arrears.

Schedule of Distributions

We have declared and paid the following dividends on our common and preferred stock for the years ended December 31, 2019, 2018 and 2017 (in thousands):


		Series C			Series F			Series G		Series H			Series I		Series J			Series K			Series L
		Preferred			Preferred			Preferred		Preferred			Preferred		Preferred			Preferred			Preferred			Common
Date dividend declared	Dividend payment date	Stock			Stock			Stock		Stock			Stock		Stock			Stock			Stock			Stock
March 1, 2017	March 31, 2017	$	—		$	3,023		$	3,672	$	6,730		$	3,969	$	—		$	—		$	—		$	148,358	⁽¹⁾
May 8, 2017	June 30, 2017		—			—	⁽²⁾		3,672		6,730			3,969		—			—			—			150,814	⁽¹⁾
August 7, 2017	September 29, 2017		—			—			3,672		6,730			3,969		—			—			—			191,041	⁽¹⁾
November 2, 2017	December 29, 2017 for Preferred Stock; January 12, 2018 for Common Stock		3,963	⁽³⁾		—			3,672		6,730			3,969		4,200	⁽³⁾		—			—			191,067	⁽¹⁾
		$	3,963		$	3,023		$	14,688	$	26,920		$	15,876	$	4,200		$	—		$	—		$	681,280
March 1, 2018	March 30, 2018	$	3,333		$	—		$	3,672	$	6,730		$	3,969	$	2,625		$	—		$	—		$	208,015	⁽⁴⁾
May 8, 2018	June 29, 2018		3,333			—			3,672		6,730			3,969		2,625			—			—			208,071	⁽⁴⁾
August 14, 2018	September 28, 2018		3,333			—			3,672		6,730			3,969		2,625			—			—			208,166	⁽⁴⁾
November 12, 2018	December 31, 2018 for Preferred Stock; January 15, 2019 for Common Stock		3,333			—			3,672		6,730			3,969		2,625			—			—			208,415	⁽⁴⁾
		$	13,332		$	—		$	14,688	$	26,920		$	15,876	$	10,500		$	—		$	—		$	832,667

February 21, 2019	March 29, 2019	$	3,333			—		$	3,672	$	6,730		$	3,969	$	2,625		$	—		$	—		$	224,802	⁽⁵⁾
May 13, 2019	June 28, 2019		3,333			—			3,672		—	⁽⁶⁾		3,969		2,625			3,686	⁽⁷⁾		—			224,895	⁽⁵⁾
August 13, 2019	September 30, 2019		3,333			—			3,672		—			3,969		2,625			3,071			—			225,188	⁽⁵⁾
November 19, 2019	December 31, 2019 for Preferred Stock; January 15, 2020 for Common Stock		3,333			—			3,672		—			3,969		2,625			3,071			4,036	⁽⁸⁾		225,488	⁽⁵⁾
		$	13,332		$	—		$	14,688	$	6,730		$	15,876	$	10,500		$	9,828		$	4,036		$	900,373
Annual rate of dividend per share		$	1.65625		$	1.65625		$	1.46875	$	1.84375		$	1.58750	$	1.31250		$	1.46250		$	1.30000

(1)	$3.720 annual rate of dividend per share.

(2)

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 were recorded as a reduction to net income available to common stockholders.

(3)	Represents a pro rata dividend from and including the original issue date to and including December 31, 2017.

(4)	$4.040 annual rate of dividend per share.

(5)	$4.320 annual rate of dividend per share.

(6)

Redeemed on April 1, 2019 for $25.00 per share, or a redemption price of $25.00 per share, plus accrued and unpaid dividends up to but not including the redemption date. In connection with the redemption, the previously incurred offering costs of approximately $11.8 million were recorded as a reduction to net income available to common stockholders.

(7)	Represents a pro rata dividend from and including the original issue date to and including June 30, 2019.

(8)	Represents a pro rata dividend from and including the original issue date to and including December 31, 2019.

Schedule of Accumulated Other Comprehensive Income, Net

The accumulated balances for each item within other comprehensive income (loss), net are as follows (in thousands):


	Foreign currency		Cash flow		Foreign currency net		Accumulated other
	translation		hedge		investment hedge		comprehensive
	adjustments		adjustments		adjustments		income (loss), net
Balance as of December 31, 2017	$	(147,370)	$	13,200	$	25,738	$	(108,432)
Net current period change		(11,279)		7,890		—		(3,389)
Reclassification to interest expense from interest rate swaps		—		(3,826)		—		(3,826)
Balance as of December 31, 2018	$	(158,649)	$	17,264	$	25,738	$	(115,647)
Net current period change		22,015		(8,839)		—		13,176
Reclassification of foreign currency translation adjustment due to deconsolidation of Ascenty		21,687		—		—		21,687
Reclassification to interest expense from interest rate swaps		—		(7,138)		—		(7,138)
Balance as of December 31, 2019	$	(114,947)	$	1,287	$	25,738	$	(87,922)

Digital Realty Trust, L.P.

Class of Stock [Line Items]

Schedule of Distributions


		Series C			Series F			Series G		Series H			Series I		Series J			Series K			Series L
		Preferred			Preferred			Preferred		Preferred			Preferred		Preferred			Preferred			Preferred			Common
Date distribution declared	Distribution payment date	Units			Units			Units		Units			Units		Units			Units			Units			Units
Mar 1, 2017	March 31, 2017	$	—		$	3,023		$	3,672	$	6,730		$	3,969	$	—		$	—		$	—		$	150,968	⁽¹⁾
May 8, 2017	June 30, 2017		—			—	⁽²⁾		3,672		6,730			3,969		—			—			—			153,176	⁽¹⁾
Aug 7, 2017	September 29, 2017		—			—			3,672		6,730			3,969		—			—			—			199,049	⁽¹⁾
Nov 2, 2017	December 29, 2017 for Preferred Units; January 12, 2018 for Common Units		3,963	⁽³⁾		—			3,672		6,730			3,969		4,200	⁽⁵⁾		—			—			199,061	⁽¹⁾
		$	3,963		$	3,023		$	14,688	$	26,920		$	15,876	$	4,200		$	—		$	—		$	702,254
Mar 1, 2017	March 30, 2018	$	3,333		$	—		$	3,672	$	6,730		$	3,969	$	2,625		$	—		$	—		$	216,953	⁽⁴⁾
May 8, 2018	June 29, 2018		3,333			—			3,672		6,730			3,969		2,625			—			—			216,789	⁽⁴⁾
Aug 14, 2018	September 28, 2018		3,333			—			3,672		6,730			3,969		2,625			—			—			216,825	⁽⁴⁾
Nov 12, 2018	December 31, 2018 for Preferred Units; January 15, 2019 for Common Units		3,333			—			3,672		6,730			3,969		2,625			—			—			216,838	⁽⁴⁾
		$	13,332		$	—		$	14,688	$	26,920		$	15,876	$	10,500		$	—		$	—		$	867,405

February 21, 2019	March 29, 2019	$	3,333		$	—		$	3,672	$	6,730		$	3,969	$	2,625		$	—		$	—		$	235,256	⁽⁵⁾
May 13, 2019	June 28, 2019		3,333			—			3,672		—	⁽⁶⁾		3,969		2,625			3,686	⁽⁷⁾		—			235,142	⁽⁵⁾
August 13, 2019	September 30, 2019		3,333			—			3,672		—			3,969		2,625			3,071			—			235,164	⁽⁵⁾
November 19, 2019	December 31, 2019 for Preferred Units; January 15, 2020 for Common Units		3,333			—			3,672		—			3,969		2,625			3,071			4,036	⁽⁸⁾		235,154	⁽⁵⁾
		$	13,332		$	—		$	14,688	$	6,730		$	15,876	$	10,500		$	9,828		$	4,036		$	940,716

Annual rate of distribution per unit		$	1.65625		$	1.65625		$	1.46875	$	1.84375		$	1.58750	$	1.31250		$	1.46250		$	1.30000

(1)	$3.720 annual rate of distribution per unit.

(2)

Redeemed on April 5, 2017 for $25.01840 per unit, or a redemption price of $25.00 per unit, plus accrued and unpaid distributions 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 were recorded as a reduction to net income available to common unitholders.

(3)	Represents a pro rata distribution from and including the original issue date to and including December 31, 2017.

(4)	$4.040 annual rate of distribution per unit.

(5)	$4.320 annual rate of distribution per unit.

(6)

Redeemed on April 1, 2019 for $25.00 per unit, or a redemption price of $25.00 per unit, plus accrued and unpaid distributions up to but not including the redemption date. In connection with the redemption, the previously incurred offering costs of approximately $11.8 million were recorded as a reduction to net income available to common unitholders.

(7)	Represents a pro rata distribution from and including the original issue date to and including June 30, 2019.

(8)	Represents a pro rata distribution from and including the original issue date to and including December 31, 2019.

Schedule of Accumulated Other Comprehensive Income, Net

The accumulated balances for each item within other comprehensive income (loss) are as follows (in thousands):



	Foreign currency				Foreign currency net		Accumulated other
	translation		Cash flow hedge		investment hedge		comprehensive
	adjustments		adjustments		adjustments		loss
Balance as of December 31, 2017	$	(151,795)	$	12,758	$	26,152	$	(112,885)
Net current period change		(11,736)		8,197		—		(3,539)
Reclassification to interest expense from interest rate swaps		—		(3,969)		—		(3,969)
Balance as of December 31, 2018	$	(163,531)	$	16,986	$	26,152	$	(120,393)
Net current period change		23,975		(9,232)		—		14,743
Reclassification of foreign currency translation adjustment due to deconsolidation of Ascenty		21,687		—		—		21,687
Reclassification to interest expense from interest rate swaps		—		(7,446)		—		(7,446)
Balance as of December 31, 2019	$	(117,869)	$	308	$	26,152	$	(91,409)