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Capital and Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2020


			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⁾		2020	2019	2020		2019
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		—		1.46875	—	10,000,000		—		241,468
6.350% Series I Cumulative Redeemable Preferred Units	Aug 24, 2015	Aug 24, 2020		—		1.58750	—	10,000,000		—		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	8,400,000		203,264		203,264
5.200% Series L Cumulative Redeemable Preferred Units	Oct 10, 2019	Oct 10, 2024		345,000		1.30000	13,800,000	13,800,000		334,886		334,886
			$	956,250			38,250,000	58,250,000	$	950,940	$	1,434,420

(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 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, 2020, 2019 and 2018 (in thousands):


		Series C		Series G			Series H			Series I			Series J		Series K			Series L
		Preferred		Preferred			Preferred			Preferred			Preferred		Preferred			Preferred			Common
Date dividend declared	Dividend payment date	Stock		Stock			Stock			Stock			Stock		Stock			Stock			Stock
March 1, 2018	March 30, 2018	$	3,333	$	3,672		$	6,730		$	3,969		$	2,625	$	—		$	—		$	208,015	⁽¹⁾
May 8, 2018	June 29, 2018		3,333		3,672			6,730			3,969			2,625		—			—			208,071	⁽¹⁾
August 14, 2018	September 28, 2018		3,333		3,672			6,730			3,969			2,625		—			—			208,166	⁽¹⁾
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	⁽¹⁾
		$	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	⁽⁴⁾
May 13, 2019	June 28, 2019		3,333		3,672			—	⁽²⁾		3,969			2,625		3,686	⁽³⁾		—			224,895	⁽⁴⁾
August 13, 2019	September 30, 2019		3,333		3,672			—			3,969			2,625		3,071			—			225,188	⁽⁴⁾
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	⁽⁵⁾		225,488	⁽⁴⁾
		$	13,332	$	14,688		$	6,730		$	15,876		$	10,500	$	9,828		$	4,036		$	900,373

February 26, 2020	March 31, 2020	$	3,333	$	3,672		$	—		$	3,969		$	2,625	$	3,071		$	4,485		$	295,630	⁽⁸⁾
May 12, 2020	June 30, 2020		3,333		3,672			—			3,969			2,625		3,071			4,485			301,005	⁽⁸⁾
August 11, 2020	September 30, 2020		3,333		3,672			—			—	⁽⁷⁾		2,625		3,071			4,485			303,006	⁽⁸⁾
November 10, 2020	December 31, 2020 for Preferred Stock; January 15, 2021 for Common Stock		3,333		—	⁽⁶⁾		—			—			2,625		3,071			4,485			314,280	⁽⁸⁾
		$	13,332	$	11,016		$	—		$	7,938		$	10,500	$	12,284		$	17,940		$	1,213,921
Annual rate of dividend per share		$	1.65625	$	1.46875		$	1.84375		$	1.58750		$	1.31250	$	1.46250		$	1.30000

(1)	$4.040 annual rate of dividend per share.

(2)

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.

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

(4)	$4.320 annual rate of dividend per share.

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

(6)

Redeemed on October 15, 2020 for $25.057118 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 $8.2 million were recorded as a reduction to net income available to common stockholders.

(7)

Redeemed on September 8, 2020 for $25.29545 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 $8.0 million were recorded as a reduction to net income available to common stockholders.

(8)	$4.480 annual rate of dividend per share.

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, 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)
Net current period change		213,707		(11,980)		13,142		214,869
Reclassification to interest expense from interest rate swaps		—		8,063		—		8,063
Balance as of December 31, 2020	$	98,760	$	(2,630)	$	38,880	$	135,010

Digital Realty Trust, L.P.

Class of Stock

Schedule of Distributions


		Series C		Series G			Series H			Series I			Series J		Series K			Series L
		Preferred		Preferred			Preferred			Preferred			Preferred		Preferred			Preferred			Common
Date distribution declared	Distribution payment date	Units		Units			Units			Units			Units		Units			Units			Units
Mar 1, 2018	March 30, 2018	$	3,333	$	3,672		$	6,730		$	3,969		$	2,625	$	—		$	—		$	216,953	⁽¹⁾
May 8, 2018	June 29, 2018		3,333		3,672			6,730			3,969			2,625		—			—			216,789	⁽¹⁾
Aug 14, 2018	September 28, 2018		3,333		3,672			6,730			3,969			2,625		—			—			216,825	⁽¹⁾
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	⁽¹⁾
		$	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	⁽⁴⁾
May 13, 2019	June 28, 2019		3,333		3,672			—	⁽²⁾		3,969			2,625		3,686	⁽³⁾		—			235,142	⁽⁴⁾
August 13, 2019	September 30, 2019		3,333		3,672			—			3,969			2,625		3,071			—			235,164	⁽⁴⁾
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	⁽⁵⁾		235,154	⁽⁴⁾
		$	13,332	$	14,688		$	6,730		$	15,876		$	10,500	$	9,828		$	4,036		$	940,716

February 26, 2020	March 31, 2020	$	3,333	$	3,672		$	—		$	3,969		$	2,625	$	3,071		$	4,485		$	305,267	⁽⁸⁾
May 12, 2020	June 30, 2020		3,333		3,672			—			3,969			2,625		3,071			4,485			310,421	⁽⁸⁾
August 11, 2020	September 30, 2020		3,333		3,672			—			—	⁽⁷⁾		2,625		3,071			4,485			312,262	⁽⁸⁾
November 10, 2020	December 31, 2020 for Preferred Units; January 15, 2021 for Common Units		3,333		—	⁽⁶⁾		—			—			2,625		3,071			4,485			323,453	⁽⁸⁾
		$	13,332	$	11,016		$	—		$	7,938		$	10,500	$	12,284		$	17,940		$	1,251,403

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

(1)	$4.040 annual rate of distribution per unit.

(2)

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.

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

(4)	$4.320 annual rate of distribution per unit.

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

(6)	Redeemed on October 15, 2020 for $25.057118 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 $8.2 million were recorded as a reduction to net income available to common unitholders.

(7)

Redeemed on September 8, 2020 for $25.29545 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 $8.0 million were recorded as a reduction to net income available to common unitholders

(8)	$4.480 annual rate of distribution per unit.

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		income (loss)
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)
Net current period change		216,815		(12,425)		13,525		217,915
Reclassification to interest expense from interest rate swaps		—		8,294		—		8,294
Balance as of December 31, 2020	$	98,946	$	(3,823)	$	39,677	$	134,800