Business Combinations (Tables)

3 Months Ended

Mar. 31, 2020

Business Combinations

Summary of Preliminary Fair Value of Assets and Liabilities Acquired

The following table summarizes the provisional amounts for acquired assets and liabilities recorded at their fair values as of the acquisition date (in thousands):

	Provisional
	Amounts
Land	$	310,310
Building and improvements		3,003,378
Construction in progress		311,702
Land held for development		33,447
Operating lease right-of-use assets		526,399
Cash and cash equivalents		108,548
Accounts receivables		218,868
Goodwill		4,192,504
Customer relationship value		1,340,539
Revolving credit facility		(128,282)
Mortgage loans		(74,316)
Unsecured debt		(1,434,666)
Accounts payable and other accrued liabilities		(278,542)
Operating lease liabilities		(526,399)
Deferred tax liability		(595,795)
Other working capital liabilities, net		(32,443)
Total purchase price	$	6,975,252

Pro Forma Financial Information

	Pro forma (unaudited)
	(in thousands, except per share data)
	Three Months Ended March 31,
Digital Realty Trust, Inc.	2020		2019
Total revenue	$	971,336	$	986,519
Net income available to common stockholders (1)	$	242,036	$	22,634
Income per share, diluted (2)	$	0.91	$	0.09

	Pro forma (unaudited)
	(in thousands, except per unit data)
	Three Months Ended March 31,
Digital Realty Trust, L.P.	2020		2019
Total revenue	$	971,336	$	986,519
Net income available to common unitholders (1)	$	249,836	$	26,934
Income per unit, diluted (2)	$	0.91	$	0.09

(1) Pro forma net income available to common stockholders/unitholders was adjusted to exclude $52.4 million of merger related costs incurred by the Company during the three months ended March 31, 2020 and to include these charges for the corresponding period in 2019.

(2) Adjusted to give effect to the issuance of approximately 54.3 million shares of Digital Realty Trust, Inc. common stock in the Interxion Combination.