Investments in Unconsolidated Entities (Tables)

12 Months Ended

Dec. 31, 2022

Investments in Unconsolidated Entities.

Summary of Financial Information for Unconsolidated Entities

As of December 31, 2022 and 2021, our investments in unconsolidated entities accounted for under the equity method presented in our consolidated balance sheets consist of the following (in thousands):

	Year	Metropolitan			Balance as of		Balance as of
Entity	Entity Formed	Area of Properties	% Ownership			December 31, 2022		December 31, 2021
Digital Core REIT (DCRU)	2021	U.S. / Canada	35	%	$	328,584	$	343,317
Ownership interest in DCRU operating properties	2021	U.S. / Canada / Frankfurt	10	%		136,431		144,050
Ascenty	2019	Brazil / Chile / Mexico	51	%		606,141		553,031
Mapletree	2019	Northern Virginia	20	%		160,200		172,465
Mitsubishi	Various	Osaka / Tokyo	50	%		453,420		401,509
Lumen	2012	Hong Kong	50	%		68,821		68,854
Other	Various	U.S. / India / Nigeria	Various			237,829		124,463
Total					$	1,991,426	$	1,807,689

Summarized Financial Information of Investments in Unconsolidated Entities

The subsequent tables provide summarized financial information for all of our investments in unconsolidated entities accounted for using the equity method. Amounts are shown in thousands.

									Net		Net
	Total		Total						Operating		Income
December 31, 2022	Assets		Liabilities		Equity		Revenues		Income		(Loss)
Unconsolidated entities
Ascenty	$	2,410,845	$	1,209,852	$	1,200,993	$	254,884	$	155,847	$	(35,726)
Mitsubishi		1,441,935		495,394		946,541		175,833		78,859		24,768
Digital Core REIT		1,602,725		551,088		1,051,636		111,408		72,937		(19,055)
Lumen		148,323		10,681		137,642		25,572		15,211		4,909
Mapletree		861,290		22,289		839,001		122,775		67,003		(7,736)
Other		613,279		221,679		391,600		37,123		19,998		(5,018)
Total Unconsolidated entities	$	7,078,397	$	2,510,983	$	4,567,413	$	727,595	$	409,855	$	(37,858)
Our investment in and share of equity in earnings of unconsolidated entities					$	1,991,426					$	(13,497)

									Net		Net
	Total		Total						Operating		Income
December 31, 2021	Assets		Liabilities		Equity		Revenues		Income		(Loss)
Unconsolidated entities
Ascenty	$	2,079,401	$	1,046,079	$	1,033,322	$	204,696	$	128,827	$	(41,461)
Mitsubishi		1,376,763		537,581		839,182		168,203		88,462		31,125
Digital Core REIT		1,440,500		350,000		1,090,500		8,184		5,844		(4,648)
Lumen		148,576		10,868		137,708		25,541		15,506		2,718
Mapletree		925,190		24,865		900,325		111,010		65,701		(9,825)
Other		440,694		190,996		249,698		59,881		36,427		233,298
Total Unconsolidated entities	$	6,411,124	$	2,160,389	$	4,250,735	$	577,515	$	340,767	$	211,207
Our investment in and share of equity in loss of unconsolidated entities					$	1,807,689					$	62,283

									Net		Net
	Total		Total						Operating		Income
December 31, 2020	Assets		Liabilities		Equity		Revenues		Income		(Loss)
Unconsolidated entities
Ascenty	$	1,862,402	$	833,801	$	1,028,601	$	165,680	$	105,040	$	(191,161)
Mitsubishi		968,957		358,749		610,208		154,114		83,113		43,746
Lumen		181,464		8,264		173,200		25,006		14,765		5,581
Mapletree		985,900		38,140		947,760		106,966		66,062		(11,473)
Other		604,215		421,349		182,866		83,475		57,674		18,210
Total Unconsolidated entities	$	4,602,938	$	1,660,303	$	2,942,635	$	535,241	$	326,654	$	(135,097)
Our investment in and share of equity in earnings of unconsolidated entities					$	1,148,158					$	(57,629)