XML 22 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CAPITAL (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance (units)     208,900,758  
Conversion of limited partner common units to general partner common units     $ 80,586 $ 163,861
Common units and share-based awards issued in connection with InterXion combination     6,985,052  
Units issued in connection with employee stock purchase plan $ 3,865 $ 3,203 6,503 5,462
Units repurchased and retired to satisfy tax withholding upon vesting (3,820)   (8,570)  
Issuance of preferred units, net of offering costs       203,264
Redemption of preferred units       (365,050)
Amortization of share-based compensation 20,334 9,913 58,064 28,774
Adjustment to redeemable noncontrolling interests (726) (1,876) (4,217) (3,630)
Contributions from noncontrolling interests in consolidated joint ventures, net of distributions 43,663   87,645 60,961
Cumulative effect adjustment from adoption of new accounting standard 18,398,487 10,210,855 18,398,487 10,210,855
Deconsolidation of consolidated joint venture   (110,086)   (110,086)
Net (loss) income (1,454) 67,574 303,222 249,895
Net income (loss) (1,107) 67,535 306,757 249,760
Other comprehensive income (loss)-foreign currency translation adjustments 233,747 24,668 (34,796) 66,511
Decrease in other assets related to change in fair value of interest rate swaps 137 (1,000) (12,711) (11,379)
Other comprehensive income-fair value of interest rate swaps       (6,055)
Reclassification to interest expense from interest rate swaps $ 7,673 (1,805) $ 7,899 (6,055)
Ending balance (units) 279,920,621   279,920,621  
Interest Rate Swap        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Other comprehensive income-fair value of interest rate swaps $ 138 (1,000) $ (12,711) (11,379)
Potentially dilutive Series G Cumulative Redeemable Preferred Stock        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Reclassification of units to accounts payable and other accrued liabilities (250,000)   (250,000) 0
Potentially dilutive Series I Cumulative Redeemable Preferred Stock        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Redemption of preferred units (250,000)   (250,000)  
Noncontrolling Interests in Consolidated Joint Ventures        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Contributions from noncontrolling interests in consolidated joint ventures, net of distributions 43,663   87,645 60,961
Cumulative effect adjustment from adoption of new accounting standard 107,966 42,349 107,966 42,349
Deconsolidation of consolidated joint venture   (110,086)   (110,086)
Net income (loss) 12 (1,223) (304) (1,582)
Digital Realty Trust, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 17,682,649 10,473,720 10,608,100 10,858,210
Common units and share-based awards issued in connection with InterXion combination     6,985,052  
Issuance of common unit, net of offering costs 1,245,103   1,889,734  
Payment of offering costs   (282)   (1,258)
Units issued in connection with employee stock purchase plan 3,865 3,203 6,503 5,462
Units repurchased and retired to satisfy tax withholding upon vesting (3,820)   (7,320)  
Issuance of preferred units, net of offering costs       203,264
Redemption of preferred units       (365,050)
Amortization of share-based compensation 20,334 9,913 56,814 28,774
Adjustment to redeemable partnership units 726 (1,876) (4,217) 3,630
Distributions (333,032) (251,348) (990,973) (758,311)
Contributions from noncontrolling interests in consolidated joint ventures, net of distributions 43,663   87,645  
Contributions from noncontrolling interests in consolidated joint ventures, net of contributions   (1,787)   60,961
Deconsolidation of consolidated joint venture   (110,086)   (110,086)
Net (loss) income (1,454) 67,574 303,222 249,895
Net income (loss) (1,107) 67,535 306,757 249,760
Other comprehensive income (loss)-foreign currency translation adjustments 233,747 24,668 (34,796) 66,511
Decrease in other assets related to change in fair value of interest rate swaps 137 (1,000) (12,711) (11,379)
Other comprehensive income-fair value of interest rate swaps     (12,711)  
Reclassification to interest expense from interest rate swaps 7,673 (1,805) 7,899 (6,055)
Ending balance 18,398,487 10,210,855 18,398,487 10,210,855
Digital Realty Trust, L.P. | Interest Rate Swap        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Other comprehensive income-fair value of interest rate swaps 138 (1,000)   (11,379)
Digital Realty Trust, L.P. | Potentially dilutive Series G Cumulative Redeemable Preferred Stock        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Reclassification of units to accounts payable and other accrued liabilities (250,000)   (250,000) 0
Digital Realty Trust, L.P. | Potentially dilutive Series I Cumulative Redeemable Preferred Stock        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Redemption of preferred units (250,000)   (250,000)  
Redeemable Interests | Digital Realty Trust, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 40,584 17,344 41,465 15,832
Adjustment to redeemable partnership units (726) 1,876 4,217 (3,630)
Distributions (175) (169) (525) (507)
Contributions from noncontrolling interests in consolidated joint ventures, net of distributions 522   2,089  
Net income (loss) (347) 39 (3,535) 135
Other comprehensive income (loss)-foreign currency translation adjustments (45)   (2,446)  
Ending balance 41,265 19,090 41,265 19,090
Accumulated other comprehensive income (loss), net | Digital Realty Trust, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance (372,575) (93,179) (91,409) (120,393)
Other comprehensive income (loss)-foreign currency translation adjustments 233,747 24,668 (34,796) 66,511
Other comprehensive income-fair value of interest rate swaps     (12,711)  
Reclassification to interest expense from interest rate swaps 7,673 (1,805) 7,899 (6,055)
Ending balance (131,017) (71,316) (131,017) (71,316)
Accumulated other comprehensive income (loss), net | Digital Realty Trust, L.P. | Interest Rate Swap        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Other comprehensive income-fair value of interest rate swaps 138 (1,000)   (11,379)
Total Partners' Capital | Digital Realty Trust, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 17,618,358 10,318,275 10,587,475 10,765,154
Common units and share-based awards issued in connection with InterXion combination     6,985,052  
Issuance of common unit, net of offering costs 1,245,103   1,889,734  
Payment of offering costs   (282)   (1,258)
Units issued in connection with employee stock purchase plan 3,865 3,203 6,503 5,462
Units repurchased and retired to satisfy tax withholding upon vesting (3,820)   (7,320)  
Issuance of preferred units, net of offering costs       203,264
Redemption of preferred units       (365,050)
Amortization of share-based compensation 20,334 9,913 56,814 28,774
Adjustment to redeemable partnership units 726 (1,876) (4,217) 3,630
Distributions (333,032) (251,348) (990,973) (758,311)
Net income (loss) (1,119) 68,758 307,061 251,342
Other comprehensive income (loss)-foreign currency translation adjustments 233,747 24,668 (34,796) 66,511
Other comprehensive income-fair value of interest rate swaps     (12,711)  
Reclassification to interest expense from interest rate swaps 7,673 (1,805) 7,899 (6,055)
Ending balance 18,290,521 10,168,506 18,290,521 10,168,506
Total Partners' Capital | Digital Realty Trust, L.P. | Interest Rate Swap        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Other comprehensive income-fair value of interest rate swaps 138 (1,000)   (11,379)
Total Partners' Capital | Digital Realty Trust, L.P. | Potentially dilutive Series G Cumulative Redeemable Preferred Stock        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Reclassification of units to accounts payable and other accrued liabilities (250,000)   (250,000)  
Total Partners' Capital | Digital Realty Trust, L.P. | Potentially dilutive Series I Cumulative Redeemable Preferred Stock        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Redemption of preferred units (250,000)   (250,000)  
Noncontrolling Interests in Consolidated Joint Ventures | Digital Realty Trust, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance 64,291 155,445 20,625 93,056
Contributions from noncontrolling interests in consolidated joint ventures, net of distributions 43,663   87,645  
Contributions from noncontrolling interests in consolidated joint ventures, net of contributions   (1,787)   60,961
Deconsolidation of consolidated joint venture   (110,086)   (110,086)
Net income (loss) 12 (1,223) (304) (1,582)
Other comprehensive income (loss)-foreign currency translation adjustments 0 0    
Ending balance 107,966 42,349 107,966 42,349
General Partner | Preferred Units | Digital Realty Trust, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance $ 1,434,420 $ 1,099,534 $ 1,434,420 $ 1,249,560
Beginning balance (units) 58,250,000 44,450,000 58,250,000 50,650,000
Issuance of preferred units, net of offering costs       $ 203,264
Issuance of preferred units, net of offering costs (units)       8,400,000
Redemption of preferred units       $ (353,290)
Redemption of preferred units (in units)       (14,600,000)
Distributions $ (20,712) $ (16,670) $ (63,022) $ (54,283)
Net income (loss) 20,712 16,670 63,022 54,283
Ending balance $ 950,940 $ 1,099,534 $ 950,940 $ 1,099,534
Ending balance (units) 38,250,000 44,450,000 38,250,000 44,450,000
General Partner | Preferred Units | Digital Realty Trust, L.P. | Potentially dilutive Series G Cumulative Redeemable Preferred Stock        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Reclassification of units to accounts payable and other accrued liabilities $ (241,468)   $ (241,468)  
Reclassification of units to accounts payable and other accrued liabilities (in units) (10,000,000)   (10,000,000)  
General Partner | Preferred Units | Digital Realty Trust, L.P. | Potentially dilutive Series I Cumulative Redeemable Preferred Stock        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Redemption of preferred units $ (242,012)   $ (242,012)  
Redemption of preferred units (in units) (10,000,000)   (10,000,000)  
General Partner | Common Units | Digital Realty Trust, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance $ 15,908,456 $ 8,552,279 $ 8,532,814 $ 8,724,731
Beginning balance (units) 268,399,073 208,324,538 208,900,758 206,425,656
Conversion of limited partner common units to general partner common units $ 10,304 $ 18,755 $ 80,586 $ 163,861
Conversion of limited partner common units to general partner common units (units) 121,967 218,752 927,779 1,841,692
Common units and share-based awards issued in connection with InterXion combination     $ 6,985,052  
Common units and share-based awards issued in connection with InterXion combination (in shares)     54,298,595  
Issuance of unvested restricted stock, net of forfeitures (units)   1,414   252,122
Issuance of common unit, net of offering costs $ 1,245,103   $ 1,889,734  
Issuance of common units, net of offering costs (in units) 11,329,722   15,915,673  
Payment of offering costs   $ (282)   $ (1,258)
Units issued in connection with employee stock purchase plan $ 3,865 $ 3,203 $ 6,503 $ 5,462
Units issued in connection with employee stock purchase plan (units) 32,902 38,540 58,136 63,774
Units repurchased and retired to satisfy tax withholding upon vesting $ (3,820)   $ (7,320)  
Redemption of preferred units       $ (11,760)
Vesting of restricted common units, net (units) 36,957   (180,320)  
Amortization of share-based compensation $ 20,334 $ 9,913 $ 56,814 28,774
Reclassification of vested share-based awards (612) (250) (17,116) (7,962)
Adjustment to redeemable partnership units 726 (1,876) (4,217) 3,630
Distributions (303,006) (225,188) (899,487) (674,713)
Net income (loss) (20,850) 49,827 235,685 189,194
Ending balance $ 16,842,528 $ 8,406,381 $ 16,842,528 $ 8,406,381
Ending balance (units) 279,920,621 208,583,244 279,920,621 208,583,244
General Partner | Common Units | Digital Realty Trust, L.P. | Potentially dilutive Series G Cumulative Redeemable Preferred Stock        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Reclassification of units to accounts payable and other accrued liabilities     $ (8,532)  
Redemption of preferred units (in units) (8,532,000)      
General Partner | Common Units | Digital Realty Trust, L.P. | Potentially dilutive Series I Cumulative Redeemable Preferred Stock        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Redemption of preferred units $ (7,988)   (7,988)  
Limited Partners | Common Units | Digital Realty Trust, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Beginning balance $ 648,057 $ 759,641 $ 711,650 $ 911,256
Beginning balance (units) 8,287,819 9,370,049 8,843,155 10,580,884
Conversion of limited partner common units to general partner common units $ (10,304) $ (18,755) $ (80,586) $ (163,861)
Conversion of limited partner common units to general partner common units (units) (121,967) (218,752) (927,779) (1,841,692)
Issuance of common units, net of forfeitures (units) 809 (7,316) 251,285 404,789
Reclassification of vested share-based awards $ 612 $ 250 $ 17,116 $ 7,962
Distributions (9,314) (9,490) (28,464) (29,315)
Net income (loss) (981) 2,261 8,354 7,865
Ending balance $ 628,070 $ 733,907 $ 628,070 $ 733,907
Ending balance (units) 8,166,661 9,143,981 8,166,661 9,143,981
Cumulative Effect, Period of Adoption, Adjustment        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Cumulative effect adjustment from adoption of new accounting standard   $ (6,318)   $ (6,318)
Cumulative Effect, Period of Adoption, Adjustment | Digital Realty Trust, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Cumulative effect adjustment from adoption of new accounting standard   (6,318)   (6,318)
Cumulative Effect, Period of Adoption, Adjustment | Total Partners' Capital | Digital Realty Trust, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Cumulative effect adjustment from adoption of new accounting standard   (6,318)   (6,318)
Cumulative Effect, Period of Adoption, Adjustment | General Partner | Common Units | Digital Realty Trust, L.P.        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Cumulative effect adjustment from adoption of new accounting standard   $ (6,318)   $ (6,318)