Investments in Unconsolidated Entities (Tables)

12 Months Ended

Dec. 31, 2023

Investments in Unconsolidated Entities.

Summary of Financial Information for Unconsolidated Entities

A summary of the Company’s investments in unconsolidated entities accounted for under the equity method of accounting is shown below (in thousands):

	Balance as of		Balance as of
		December 31, 2023		December 31, 2022
Americas (1)	$	1,363,226	$	951,331
APAC (2)		569,996		543,521
EMEA (3)		28,334		31,559
Global (4)		334,333		465,015
Total	$	2,295,889	$	1,991,426

Includes the following unconsolidated entities along with our ownership percentage:

(1) Ascenty (50%), Clise (50%), Colovore (17%), GI Partners (35%), Mapletree (20%), Menlo (20%), Realty Income (20%), TPG Real Estate (20%), and Walsh (85%).

(2) Digital Connexion (33%), Lumen (50%), and MC Digital Realty (50%).

(3) Medallion (60%) and Mivne (50%).

(4) Digital Core REIT (43%).

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, 2023	Assets		Liabilities		Equity		Revenues		Income		(Loss)
Unconsolidated entities
Americas	$	6,627,520	$	3,105,127	$	3,522,393	$	590,264	$	326,042	$	(13,097)
APAC		2,097,115		880,972		1,216,143		257,905		121,053		42,244
EMEA		80,525		83,819		(3,294)		1,601		939		(8,225)
Global		1,542,331		591,470		950,861		112,931		73,390		(60,867)
Total Unconsolidated entities	$	10,347,491	$	4,661,388	$	5,686,103	$	962,701	$	521,424	$	(39,945)
Our investment in and share of equity in earnings of unconsolidated entities					$	2,295,889					$	(29,791)

									Net		Net
	Total		Total						Operating		Income
December 31, 2022	Assets		Liabilities		Equity		Revenues		Income		(Loss)
Unconsolidated entities
Americas	$	3,648,169	$	1,350,163	$	2,298,006	$	406,325	$	240,498	$	(38,874)
APAC		1,705,553		541,509		1,164,044		201,405		90,924		25,946
EMEA		121,950		68,223		53,727		1,632		851		(5,475)
Global		1,602,725		551,088		1,051,637		118,233		77,582		(19,455)
Total Unconsolidated entities	$	7,078,397	$	2,510,983	$	4,567,414	$	727,595	$	409,855	$	(37,858)
Our investment in and share of equity in loss of unconsolidated entities					$	1,991,426					$	(13,497)

									Net		Net
	Total		Total						Operating		Income
December 31, 2021	Assets		Liabilities		Equity		Revenues				(Loss)
Unconsolidated entities
Americas	$	3,377,842	$	1,223,434	$	2,154,408	$	375,271	$	231,960	$	183,336
APAC		1,527,323		548,578		978,745		193,744		102,822		32,691
EMEA		65,459		38,377		27,082		316		141		(172)
Global		1,440,500		350,000		1,090,500		8,184		5,844		(4,648)
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 earnings of unconsolidated entities					$	1,807,689					$	62,283