XML 76 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating Revenues:        
Rental $ 338,330 $ 317,064 $ 988,172 $ 936,270
Tenant reimbursements 95,484 92,209 268,885 261,517
Fee income 1,595 2,748 4,758 5,397
Other 580 165 1,078 1,038
Total operating revenues 435,989 412,186 1,262,893 1,204,222
Operating Expenses:        
Rental property operating and maintenance 140,538 130,894 394,640 375,586
Property taxes 19,953 25,765 64,116 68,485
Insurance 2,140 2,145 6,449 6,463
Change in fair value of contingent consideration (1,594) (1,465) (44,276) (4,102)
Depreciation and amortization 136,974 137,474 397,571 405,186
General and administrative 22,755 20,709 69,562 71,708
Transactions 11,042 144 14,301 980
Impairment of investments in real estate 0 12,500 0 12,500
Other 51 1,648 29 2,584
Total operating expenses 331,859 329,814 902,392 939,390
Operating income 104,130 82,372 360,501 264,832
Other Income (Expenses):        
Equity in earnings of unconsolidated joint ventures 4,169 3,455 12,170 9,513
Gain (loss) on sale of properties (207) 0 94,282 15,945
Gain on contribution of properties to unconsolidated joint ventures 0 93,498 0 95,404
Interest and other income (expense) (358) 378 (2,879) 2,022
Interest expense (48,138) (48,169) (139,718) (144,689)
Tax expense (1,754) (1,178) (6,044) (4,037)
Loss from early extinguishment of debt 0 (195) (148) (780)
Net income 57,842 130,161 318,164 238,210
Net income attributable to noncontrolling interests (864) (2,392) (5,492) (4,190)
Net income attributable to Digital Realty Trust, Inc./Digital Realty Trust, L.P. 56,978 127,769 312,672 234,020
Preferred stock/unit dividends/distributions (18,456) (18,455) (55,367) (49,010)
Net income available to common stock/unitholders $ 38,522 $ 109,314 $ 257,305 $ 185,010
Net income per share/unit available to common stockholders/unitholders:        
Basic ($ per share/unit) $ 0.28 $ 0.81 $ 1.89 $ 1.39
Diluted ($ per share/unit) $ 0.28 $ 0.80 $ 1.88 $ 1.39
Weighted average common shares/units outstanding:        
Weighted average shares/units outstanding-basic (shares) 135,832,503 135,492,618 135,782,831 132,635,894
Weighted average shares/units outstanding-diluted (shares) 138,259,936 135,946,533 136,920,477 132,852,966
Digital Realty Trust, L.P.        
Operating Revenues:        
Rental $ 338,330 $ 317,064 $ 988,172 $ 936,270
Tenant reimbursements 95,484 92,209 268,885 261,517
Fee income 1,595 2,748 4,758 5,397
Other 580 165 1,078 1,038
Total operating revenues 435,989 412,186 1,262,893 1,204,222
Operating Expenses:        
Rental property operating and maintenance 140,538 130,894 394,640 375,586
Property taxes 19,953 25,765 64,116 68,485
Insurance 2,140 2,145 6,449 6,463
Change in fair value of contingent consideration (1,594) (1,465) (44,276) (4,102)
Depreciation and amortization 136,974 137,474 397,571 405,186
General and administrative 22,755 20,709 69,562 71,708
Transactions 11,042 144 14,301 980
Impairment of investments in real estate 0 12,500 0 12,500
Other 51 1,648 29 2,584
Total operating expenses 331,859 329,814 902,392 939,390
Operating income 104,130 82,372 360,501 264,832
Other Income (Expenses):        
Equity in earnings of unconsolidated joint ventures 4,169 3,455 12,170 9,513
Gain (loss) on sale of properties (207) 0 94,282 15,945
Gain on contribution of properties to unconsolidated joint ventures 0 93,498 0 95,404
Interest and other income (expense) (358) 378 (2,879) 2,022
Interest expense (49,291) (48,169) (140,871) (144,689)
Tax expense (1,754) (1,178) (6,044) (4,037)
Loss from early extinguishment of debt 0 (195) (148) (780)
Net income 56,689 130,161 317,011 238,210
Net income attributable to noncontrolling interests (117) (120) (342) (352)
Net income attributable to Digital Realty Trust, Inc./Digital Realty Trust, L.P. 56,572 130,041 316,669 237,858
Preferred stock/unit dividends/distributions (18,456) (18,455) (55,367) (49,010)
Net income available to common stock/unitholders $ 38,116 $ 111,586 $ 261,302 $ 188,848
Net income per share/unit available to common stockholders/unitholders:        
Basic ($ per share/unit) $ 0.28 $ 0.81 $ 1.89 $ 1.39
Diluted ($ per share/unit) $ 0.27 $ 0.80 $ 1.88 $ 1.39
Weighted average common shares/units outstanding:        
Weighted average shares/units outstanding-basic (shares) 138,467,947 138,308,130 138,481,046 135,381,624
Weighted average shares/units outstanding-diluted (shares) 139,192,198 138,762,045 139,050,965 135,598,696