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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Income producing property:    
Land $ 94,203 $ 94,203
Buildings and improvements 2,741,894 2,736,936
Income producing property 2,836,097 2,831,139
Less: accumulated depreciation (585,338) (560,837)
Net income producing property 2,250,759 2,270,302
Construction in progress and land held for development 372,438 [1] 300,939
Net real estate 2,623,197 2,571,241
Cash and cash equivalents 242,533 31,230
Rents and other receivables 9,685 9,588
Deferred rent 130,678 128,941
Lease contracts above market value, net 5,806 6,029
Deferred costs, net 24,018 23,774
Prepaid expenses and other assets 45,315 44,689
Total assets 3,081,232 2,815,492
Liabilities:    
Line of credit 0 0
Mortgage notes payable 114,183 114,075
Unsecured Term Loan 249,236 249,172
Unsecured notes payable 835,552 834,963
Accounts payable and accrued liabilities 28,094 32,301
Construction costs payable 21,247 22,043
Accrued interest payable 6,512 11,821
Dividend and distribution payable 47,724 43,906
Lease contracts below market value, net 3,793 4,132
Prepaid rents and other liabilities 67,037 67,477
Total liabilities 1,373,378 1,379,890
Redeemable noncontrolling interests - operating partnership 603,154 479,189
Redeemable partnership units 603,154 479,189
Commitments and contingencies 0 0
Stockholders’ equity:    
Common stock, $.001 par value, 250,000,000 shares authorized, 74,421,820 shares issued and outstanding at March 31, 2016 and 66,105,650 shares issued and outstanding at December 31, 2015 74 66
Additional paid in capital 808,913 685,042
Retained earnings (accumulated deficit) (55,537) (79,945)
Total stockholders’ equity 1,104,700 956,413
Total liabilities and stockholders’ equity 3,081,232 2,815,492
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, $.001 par value, 50,000,000 shares authorized 185,000 185,000
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, $.001 par value, 50,000,000 shares authorized 166,250 166,250
DuPont Fabros Technology, L.P. [Member]    
Income producing property:    
Land 94,203 94,203
Buildings and improvements 2,741,894 2,736,936
Income producing property 2,836,097 2,831,139
Less: accumulated depreciation (585,338) (560,837)
Net income producing property 2,250,759 2,270,302
Construction in progress and land held for development 372,438 300,939
Net real estate 2,623,197 2,571,241
Cash and cash equivalents 238,318 27,015
Rents and other receivables 9,685 9,588
Deferred rent 130,678 128,941
Lease contracts above market value, net 5,806 6,029
Deferred costs, net 24,018 23,774
Prepaid expenses and other assets 45,315 44,689
Total assets 3,077,017 2,811,277
Liabilities:    
Line of credit 0 0
Mortgage notes payable 114,183 114,075
Unsecured Term Loan 249,236 249,172
Unsecured notes payable 835,552 834,963
Accounts payable and accrued liabilities 28,094 32,301
Construction costs payable 21,247 22,043
Accrued interest payable 6,512 11,821
Dividend and distribution payable 47,724 43,906
Lease contracts below market value, net 3,793 4,132
Prepaid rents and other liabilities 67,037 67,477
Total liabilities 1,373,378 1,379,890
Redeemable noncontrolling interests - operating partnership 603,154 479,189
Redeemable partnership units 603,154 479,189
Commitments and contingencies 0 0
Stockholders’ equity:    
Total liabilities and stockholders’ equity 3,077,017 2,811,277
Limited partners’ capital:    
General partner’s capital, common units, 662,373 issued and outstanding at March 31, 2016 and December 31, 2015 6,668 6,021
Total partners’ capital 1,100,485 952,198
DuPont Fabros Technology, L.P. [Member] | Series A Preferred Stock [Member]    
Limited partners’ capital:    
Limited partners' capital 185,000 185,000
DuPont Fabros Technology, L.P. [Member] | Series B Preferred Stock [Member]    
Limited partners’ capital:    
Limited partners' capital 166,250 166,250
Series A cumulative redeemable perpetual preferred units [Member] | DuPont Fabros Technology, L.P. [Member]    
Limited partners’ capital:    
Limited partners' capital 185,000 185,000
Series B cumulative redeemable perpetual preferred units [Member] | DuPont Fabros Technology, L.P. [Member]    
Limited partners’ capital:    
Limited partners' capital 166,250 166,250
Limited partners' common units [Member] | DuPont Fabros Technology, L.P. [Member]    
Limited partners’ capital:    
Limited partners' capital $ 742,567 $ 594,927
[1] (1)Properties located in Ashburn, VA (ACC7 Phases III-IV, ACC8, ACC9, ACC10, and ACC11); Piscataway, NJ (NJ1 Phase II), Elk Grove Village, IL (CH2 Phases II-III and CH3) and Santa Clara, CA (SC1 Phase III, formerly referred to as SC2).