Investments in Unconsolidated Entities (Tables)

12 Months Ended

Dec. 31, 2021

Investments in Unconsolidated Entities.

Summary of Financial Information for Unconsolidated Entities

As of December 31, 2021 and 2020, 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, 2021		December 31, 2020
Digital Core REIT	2021	U.S. / Canada	35	%	$	343,317	$	—
Direct interest in SREIT properties	2021	U.S. / Canada	10	%		144,050		—
Ascenty	2019	Brazil / Chile / Mexico	51	%		553,031		567,192
Mapletree	2019	Northern Virginia	20	%		172,465		184,890
Mitsubishi	Various	Osaka / Tokyo	50	%		401,509		278,947
Lumen	2012	Hong Kong	50	%		68,854		86,600
Other	Various	U.S. / India / Nigeria	Various			124,463		30,529
Total					$	1,807,689	$	1,148,158

SREIT Summarized Financial Information	(in millions)
Real estate properties appraised value	$	1,440.5
Debt		(350.0)
Net assets	$	1,090.5

The subsequent tables provide summarized financial information for all of our investments in unconsolidated entities accounted for using the equity method except for the investment in the SREIT which is discussed previously. Amounts are shown in thousands.

									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
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	$	4,970,624	$	1,810,389	$	3,160,235	$	569,331	$	334,923	$	215,855
Our investment in and share of equity in earnings 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 loss of unconsolidated entities					$	1,148,158					$	(57,629)

									Net		Net
	Total		Total		Equity /				Operating		Income
December 31, 2019	Assets		Liabilities		(Deficit)		Revenues			Income	(Loss)
Unconsolidated entities
Ascenty	$	2,178,663	$	764,603	$	1,414,060	$	112,052	$	71,802	$	(54,606)
Mitsubishi		753,743		303,130		450,613		84,344		45,044		18,751
Lumen		187,241		9,947		177,294		24,680		15,429		6,712
Mapletree		1,042,661		23,796		1,018,865		17,852		11,078		(1,872)
Other		715,442		579,470		135,972		140,672		93,104		39,372
Total Unconsolidated entities	$	4,877,750	$	1,680,946	$	3,196,804	$	379,600	$	236,457	$	8,357
Our investment in and share of equity in earnings of unconsolidated entities					$	1,287,109					$	8,067