Earnings per Common Share or Unit (Tables)

6 Months Ended

Jun. 30, 2022

Earnings per Common Share or Unit

Summary of Basic and Diluted Earnings Per Share and Unit

The following is a summary of basic and diluted income per share/unit (in thousands, except per share/unit amounts):

Digital Realty Trust, Inc. Earnings per Common Share

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net income available to common stockholders	$	53,246	$	127,369	$	116,346	$	499,775
Weighted average shares outstanding—basic		284,694		281,792		284,610		281,445
Potentially dilutive common shares:
Unvested incentive units		178		177		183		168
Unvested restricted stock		49		165		62		143
Market performance-based awards		189		300		125		320
Weighted average shares outstanding—diluted		285,110		282,434		284,980		282,076
Income per share:
Basic	$	0.19	$	0.45	$	0.41	$	1.78
Diluted	$	0.19	$	0.45	$	0.41	$	1.77

Digital Realty Trust, L.P. Earnings per Unit

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net income available to common unitholders	$	54,746	$	130,569	$	119,446	$	512,775
Weighted average units outstanding—basic		290,528		288,843		290,346		288,588
Potentially dilutive common units:
Unvested incentive units		178		177		183		168
Unvested restricted units		49		165		62		143
Market performance-based awards		189		300		125		320
Weighted average units outstanding—diluted		290,944		289,485		290,716		289,219
Income per unit:
Basic	$	0.19	$	0.45	$	0.41	$	1.78
Diluted	$	0.19	$	0.45	$	0.41	$	1.77

Schedule of Antidilutive Securities Excluded from Calculations

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Shares subject to Forward Equity Offering	6,250	—	6,250	—
Weighted average of Operating Partnership common units not owned by Digital Realty Trust, Inc.	5,834	7,051	5,735	7,143
Potentially dilutive Series C Cumulative Redeemable Perpetual Preferred Stock	—	689	—	1,082
Potentially dilutive Series J Cumulative Redeemable Preferred Stock	1,536	1,317	1,494	1,390
Potentially dilutive Series K Cumulative Redeemable Preferred Stock	1,615	1,385	1,571	1,461
Potentially dilutive Series L Cumulative Redeemable Preferred Stock	2,649	2,272	2,577	2,397
Total	17,884	12,714	17,627	13,473