Digital Realty Trust (DLR) 10-K23 Feb 242023 FY Annual reportFinancial data

Company Profile

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
Cover Page - USD ($) $ in Billions	Dec. 31, 2023	Feb. 21, 2024	Jun. 30, 2023
Entity Information
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	001-32336
Entity Registrant Name	DIGITAL REALTY TRUST, INC.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	26-0081711
Entity Address, Address Line One	5707 Southwest Parkway, Building 1, Suite 275
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78735
City Area Code	737
Local Phone Number	281-0101
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 34
Entity Common Stock, Shares Outstanding		312,293,563
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Central Index Key	0001297996
Current Fiscal Year End Date	--12-31
Auditor Name	KPMG LLP
Auditor Firm ID	185
Auditor Location	Dallas, Texas
Digital Realty Trust, L.P.
Entity Information
Document Type	10-K
Document Period End Date	Dec. 31, 2023
Entity File Number	000-54023
Entity Registrant Name	DIGITAL REALTY TRUST, L.P.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	20-2402955
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0001494877
Current Fiscal Year End Date	--12-31
Common Stock
Entity Information
Title of 12(b) Security	Common Stock
Trading Symbol	DLR
Security Exchange Name	NYSE
Series J Cumulative Redeemable Preferred Stock
Entity Information
Title of 12(b) Security	Series J Cumulative Redeemable PreferredStock
Trading Symbol	DLR Pr J
Security Exchange Name	NYSE
Series K Cumulative Redeemable Preferred Stock
Entity Information
Title of 12(b) Security	Series K Cumulative Redeemable PreferredStock
Trading Symbol	DLR Pr K
Security Exchange Name	NYSE
Series L Cumulative Redeemable Preferred Units
Entity Information
Title of 12(b) Security	Series L Cumulative Redeemable PreferredStock
Trading Symbol	DLR Pr L
Security Exchange Name	NYSE

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments in real estate:
Investments in properties, net	$ 24,236,088	$ 23,774,662
Investments in unconsolidated entities	2,295,889	1,991,426
Net investments in real estate	26,531,977	25,766,088
Operating lease right-of-use assets, net	1,414,256	1,351,329
Cash and cash equivalents	1,625,495	141,773
Accounts and other receivables, net	1,278,110	969,292
Deferred rent, net	624,427	601,590
Goodwill	9,239,871	9,208,497
Customer relationship value, deferred leasing costs and other intangibles, net	2,500,237	3,092,627
Assets held for sale	478,503
Other assets	420,382	353,802
Total assets	44,113,258	41,484,998
LIABILITIES AND EQUITY
Global Revolving Credit Facilities, net	1,812,287	2,150,451
Unsecured term loans, net	1,560,305	797,449
Unsecured senior notes, net of discount	13,422,342	13,120,033
Secured and other debt, net of discount	630,973	528,870
Operating lease liabilities	1,542,094	1,471,044
Accounts payable and other accrued liabilities	2,168,984	1,868,885
Deferred tax liabilities, net	1,151,096	1,192,752
Accrued dividends and distributions	387,988	363,716
Security deposits and prepaid rents	401,867	369,654
Obligations associated with assets held for sale	39,001
Total liabilities	23,116,937	21,862,854
Redeemable noncontrolling interests	1,394,814	1,514,679
Commitments and contingencies
Stockholders' Equity:
Preferred Stock: $0.01 par value per share, 110,000 shares authorized; $755,000 liquidation preference ($25.00 per share), 30,200 shares issued and outstanding as of December 31, 2023 and December 31, 2022	731,690	731,690
Common Stock: $0.01 par value per share, 392,000 shares authorized; 311,608 and 291,148 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively	3,088	2,887
Partners' capital:
Additional paid-in capital	24,396,797	22,142,868
Accumulated dividends in excess of earnings	(5,262,648)	(4,698,313)
Accumulated other comprehensive loss, net	(751,393)	(595,798)
Total stockholders' equity	19,117,534	17,583,334
Noncontrolling interests	483,973	524,131
Total equity	19,601,507	18,107,465
Total liabilities and equity	44,113,258	41,484,998
Digital Realty Trust, L.P.
Investments in real estate:
Investments in properties, net	24,236,088	23,774,662
Investments in unconsolidated entities	2,295,889	1,991,426
Net investments in real estate	26,531,977	25,766,088
Operating lease right-of-use assets, net	1,414,256	1,351,329
Cash and cash equivalents	1,625,495	141,773
Accounts and other receivables, net	1,278,110	969,292
Deferred rent, net	624,427	601,590
Goodwill	9,239,871	9,208,497
Customer relationship value, deferred leasing costs and other intangibles, net	2,500,237	3,092,627
Assets held for sale	478,503
Other assets	420,382	353,802
Total assets	44,113,258	41,484,998
LIABILITIES AND EQUITY
Global Revolving Credit Facilities, net	1,812,287	2,150,451
Unsecured term loans, net	1,560,305	797,449
Unsecured senior notes, net of discount	13,422,342	13,120,033
Secured and other debt, net of discount	630,973	528,870
Operating lease liabilities	1,542,094	1,471,044
Accounts payable and other accrued liabilities	2,168,984	1,868,885
Deferred tax liabilities, net	1,151,096	1,192,752
Accrued dividends and distributions	387,988	363,716
Security deposits and prepaid rents	401,867	369,654
Obligations associated with assets held for sale	39,001
Total liabilities	23,116,937	21,862,854
Redeemable noncontrolling interests	1,394,814	1,514,679
Commitments and contingencies
Stockholders' Equity:
Preferred Stock: $0.01 par value per share, 110,000 shares authorized; $755,000 liquidation preference ($25.00 per share), 30,200 shares issued and outstanding as of December 31, 2023 and December 31, 2022	731,690	731,690
Partners' capital:
Common units, 302,846 and 291,148 units issued and outstanding as of September 30, 2023 and December 31, 2022, respectively	19,137,237	17,447,442
Limited Partners, 6,479 and 6,289 units issued and outstanding as of September 30, 2023 and December 31, 2022, respectively	459,356	436,942
Accumulated other comprehensive loss, net	(772,668)	(613,423)
Total partners' capital	19,555,615	18,002,651
Noncontrolling interests in consolidated entities	45,892	104,814
Total capital	19,601,507	18,107,465
Total liabilities and equity	$ 44,113,258	$ 41,484,998

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Preferred stock, par value (in dollars per share/unit)	$ 0.01	$ 0.01
Preferred stock, authorized (shares)	110,000	110,000
Liquidation preference	$ 755,000	$ 755,000
Preferred stock, liquidation preference per share (in dollars per share)	$ 25	$ 25
Preferred stock, issued (shares)	30,200	30,200
Preferred stock, outstanding (shares)	30,200	30,200
Common stock, par value (in dollars per share/unit)	$ 0.01	$ 0.01
Common stock, authorized (shares)	392,000	392,000
Common stock, shares, issued (shares)	311,608	291,148
Common stock, shares, outstanding (shares)	311,608	291,148
Digital Realty Trust, L.P.
Liquidation preference	$ 755,000	$ 755,000
Preferred stock, liquidation preference per share (in dollars per share)	$ 25	$ 25
Preferred units, issued (units)	30,200	30,200
Preferred units, outstanding (units)	30,200	30,200
Common units, issued (units)	311,608	291,148
Common units, outstanding (units)	311,608	291,148
Limited Partners' units, issued (units)	6,449	6,289
Limited Partners' units outstanding (units)	6,449	6,289

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating Revenues:
Operating Revenues	$ 5,477,061	$ 4,691,834	$ 4,427,882
Operating Expenses:
Rental property operating and maintenance	2,381,666	1,825,817	1,570,506
Property taxes and insurance	216,405	191,745	207,814
Depreciation and amortization	1,694,859	1,577,933	1,486,632
General and administrative	449,056	422,167	400,654
Transactions and integration	84,722	68,766	47,426
Provision for impairment	118,363	3,000	18,291
Other	7,529	12,438	2,550
Total operating expenses	4,952,600	4,101,866	3,733,873
Operating income	524,461	589,968	694,009
Other Income (Expenses):
Equity in (loss) earnings of unconsolidated entities	(29,791)	(13,497)	62,283
Gain on disposition of properties, net	900,531	176,754	1,380,795
Other income (expenses), net	68,431	8,917	(4,358)
Interest expense	(437,741)	(299,132)	(293,846)
Loss from early extinguishment of debt		(51,135)	(18,672)
Income tax expense	(75,579)	(31,550)	(72,799)
Net income	950,312	380,325	1,747,412
Net income attributable to noncontrolling interests	(1,474)	(2,641)	(38,153)
Net income attributable to Digital Realty Trust, Inc.	948,838	377,684	1,709,259
Preferred stock dividends	(40,724)	(40,724)	(45,761)
Gain on redemption of preferred stock			18,000
Net income available to common stockholders	$ 908,114	$ 336,960	$ 1,681,498
Net income per share available to common stockholders:
Basic (in dollars per share)	$ 3.04	$ 1.18	$ 5.95
Diluted (in dollars per share)	$ 3	$ 1.11	$ 5.94
Weighted average common shares outstanding:
Basic (in shares)	298,603	286,334	282,475
Diluted (in shares)	309,065	297,919	283,222
Digital Realty Trust, L.P.
Operating Revenues:
Operating Revenues	$ 5,477,061	$ 4,691,834	$ 4,427,882
Operating Expenses:
Rental property operating and maintenance	2,381,666	1,825,817	1,570,506
Property taxes and insurance	216,405	191,745	207,814
Depreciation and amortization	1,694,859	1,577,933	1,486,632
General and administrative	449,056	422,167	400,654
Transactions and integration	84,722	68,766	47,426
Provision for impairment	118,363	3,000	18,291
Other	7,529	12,438	2,550
Total operating expenses	4,952,600	4,101,866	3,733,873
Operating income	524,461	589,968	694,009
Other Income (Expenses):
Equity in (loss) earnings of unconsolidated entities	(29,791)	(13,497)	62,283
Gain on disposition of properties, net	900,531	176,754	1,380,795
Other income (expenses), net	68,431	8,917	(4,358)
Interest expense	(437,741)	(299,132)	(293,846)
Loss from early extinguishment of debt		(51,135)	(18,672)
Income tax expense	(75,579)	(31,550)	(72,799)
Net income	950,312	380,325	1,747,412
Net income attributable to noncontrolling interests	19,236	5,459	947
Net income attributable to Digital Realty Trust, Inc.	969,548	385,784	1,748,359
Preferred stock dividends	(40,724)	(40,724)	(45,761)
Gain on redemption of preferred stock			18,000
Net income available to common stockholders	$ 928,824	$ 345,060	$ 1,720,598
Net income per share available to common stockholders:
Basic (in dollars per share)	$ 3.05	$ 1.18	$ 5.95
Diluted (in dollars per share)	$ 3.01	$ 1.12	$ 5.94
Weighted average common shares outstanding:
Basic (in shares)	304,651	292,123	289,165
Diluted (in shares)	315,113	303,708	289,912
Rental and other services
Operating Revenues:
Operating Revenues	$ 5,430,173	$ 4,662,683	$ 4,395,039
Rental and other services \| Digital Realty Trust, L.P.
Operating Revenues:
Operating Revenues	5,430,173	4,662,683	4,395,039
Fee income and other
Operating Revenues:
Operating Revenues	46,888	29,151	32,843
Fee income and other \| Digital Realty Trust, L.P.
Operating Revenues:
Operating Revenues	$ 46,888	$ 29,151	$ 32,843

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net income	$ 950,312	$ 380,325	$ 1,747,412
Other comprehensive income (loss):
Foreign currency translation adjustments	(209,973)	(377,873)	(318,828)
(Decrease) increase in fair value of derivatives	(21,406)	(93,803)	1,279
Reclassification to interest expense from derivatives	(32,789)	(7,044)	1,304
Other comprehensive loss	(264,168)	(478,720)	(316,245)
Comprehensive income (loss)	686,144	(98,395)	1,431,167
Comprehensive loss attributable to noncontrolling interests	105,911	54,161	947
Comprehensive income (loss) attributable to Digital Realty Trust, Inc.	792,055	(44,234)	1,432,114
Digital Realty Trust, L.P.
Net income	950,312	380,325	1,747,412
Other comprehensive income (loss):
Foreign currency translation adjustments	(209,973)	(377,873)	(318,828)
(Decrease) increase in fair value of derivatives	(21,406)	(93,803)	1,279
Reclassification to interest expense from derivatives	(32,789)	(7,044)	1,304
Other comprehensive loss	(264,168)	(478,720)	(316,245)
Comprehensive income (loss)	686,144	(98,395)	1,431,167
Comprehensive loss attributable to noncontrolling interests	122,972	52,202	947
Comprehensive income (loss) attributable to Digital Realty Trust, Inc.	$ 809,116	$ (46,193)	$ 1,432,114

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Redeemable Noncontrolling Interests	Preferred Stock Series C Cumulative Redeemable Perpetual Preferred Stock	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Dividends in Excess of Earnings Series C Cumulative Redeemable Perpetual Preferred Stock	Accumulated Dividends in Excess of Earnings	Accumulated Other Comprehensive Income (Loss), Net	Noncontrolling Interests	Series C Cumulative Redeemable Perpetual Preferred Stock	Total
Beginning balance at Dec. 31, 2020	$ 42,011		$ 950,940	$ 2,788	$ 20,626,897		$ (3,997,938)	$ 135,010	$ 728,639		$ 18,446,336
Beginning balance (shares) at Dec. 31, 2020				280,289,726
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of common units to common stock				$ 25	206,695				(206,720)
Conversion of common units to common stock (shares)				2,502,331
Vesting of restricted stock, net (shares)				354,489
Issuance of common stock in connection with acquisition				$ 1	18,269						18,270
Issuance of common stock in connection with acquisition (shares)				125,395
Issuance of common stock, net of costs				$ 11	172,085						172,096
Issuance of common stock, net of costs (shares)				1,060,943
Shares issued under equity plans, net of share settlement to satisfy tax withholding upon vesting				$ (1)	(6,838)						(6,839)
Shares issued under equity plans, net of share settlement to satisfy tax withholding upon vesting (shares)				82,129
Redemption of preferred stock		$ (219,250)				$ 18,000				$ (201,250)
Amortization of unearned compensation on share-based awards					88,414						88,414
Reclassification of vested share-based awards					(23,829)				23,829
Adjustment to redeemable noncontrolling interests	5,830				(5,830)						(5,830)
Dividends declared on preferred stock							(45,761)				(45,761)
Dividends and distributions on common stock and common and incentive units	(724)						(1,315,489)		(31,567)		(1,347,056)
Contribution from (distributions to) noncontrolling interests in consolidated entities	(1,052)								125,186		125,186
Deconsolidation of noncontrolling interest in consolidated entities									(197,016)		(197,016)
Net income (loss)	930						1,709,259		37,223		1,746,482
Other comprehensive income (loss)								(308,890)	(7,355)		(316,245)
Ending balance at Dec. 31, 2021	46,995		731,690	$ 2,824	21,075,863		(3,631,929)	(173,880)	472,219		18,476,787
Ending balance (shares) at Dec. 31, 2021				284,415,013
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of common units to common stock					2,942				(2,942)		0
Conversion of common units to common stock (shares)				36,284
Vesting of restricted stock, net (shares)				340,874
Partial settlement of forward sale agreements, net of costs				$ 63	923,400						923,463
Partial settlement of forward sale agreements, net of costs (shares)				6,250,000
Shares issued under equity plans, net of share settlement to satisfy tax withholding upon vesting					1,496						1,496
Shares issued under equity plans, net of share settlement to satisfy tax withholding upon vesting (shares)				106,051
Amortization of unearned compensation on share-based awards					92,461						92,461
Reclassification of vested share-based awards					(29,864)				29,864
Adjustment to redeemable noncontrolling interests	(11,954)				11,954						11,954
Dividends declared on preferred stock							(40,724)				(40,724)
Dividends and distributions on common stock and common and incentive units	(760)						(1,403,344)		(30,796)		(1,434,140)
Redeemable noncontrolling interests associated with acquisition of Teraco	1,530,090
Contribution from (distributions to) noncontrolling interests in consolidated entities	1,703								46,277		46,277
Sale of noncontrolling interest in property to DCRU					(64,616)				(12,275)		(76,891)
Net income (loss)	(4,653)						377,684		7,294		384,978
Other comprehensive income (loss)	(46,742)							(421,918)	(10,060)		(431,978)
Ending balance at Dec. 31, 2022	1,514,679		731,690	$ 2,887	22,142,868		(4,698,313)	(595,798)	524,131		18,107,465
Ending balance (shares) at Dec. 31, 2022				291,148,222
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of common units to common stock				$ 2	8,232				(8,234)		0
Conversion of common units to common stock (shares)				112,607
Vesting of restricted stock, net (shares)				265,671
Issuance of common stock, net of costs				$ 198	2,207,061						2,207,259
Issuance of common stock, net of costs (shares)				19,957,541
Shares issued under equity plans, net of share settlement to satisfy tax withholding upon vesting				$ 1	(1,945)						(1,944)
Shares issued under equity plans, net of share settlement to satisfy tax withholding upon vesting (shares)				123,539
Amortization of unearned compensation on share-based awards					88,518						88,518
Reclassification of vested share-based awards					(41,396)				41,396
Adjustment to redeemable noncontrolling interests	5,354				(5,354)						(5,354)
Dividends declared on preferred stock							(40,724)				(40,724)
Dividends and distributions on common stock and common and incentive units	(760)						(1,472,449)		(30,983)		(1,503,432)
Contribution from (distributions to) noncontrolling interests in consolidated entities	129								4,345		4,345
Deconsolidation of noncontrolling interest in consolidated entities									(65,358)		(65,358)
Net income (loss)	17,618						(948,838)		(19,092)		(967,930)
Other comprehensive income (loss)	(106,970)				(1,187)			(155,595)	(416)		(157,198)
Ending balance at Dec. 31, 2023	$ 1,394,814		$ 731,690	$ 3,088	$ 24,396,797		$ (5,262,648)	$ (751,393)	$ 483,973		$ 19,601,507
Ending balance (shares) at Dec. 31, 2023				311,607,580

CONSOLIDATED STATEMENTS OF CAPI

CONSOLIDATED STATEMENTS OF CAPITAL - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CAPITAL - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance (units)	291,148
Common units issued in connection with acquisition			$ 18,270,000
Contribution from (distributions to) noncontrolling interests in consolidated entities	$ 4,345,000	$ 46,277,000	125,186,000
Partial settlement of forward sale agreements, net of costs		923,463,000
Deconsolidation of noncontrolling interest in consolidated entities	(65,358,000)		(197,016,000)
Sale of noncontrolling interest in property to DCRU		(76,891,000)
Net income (loss)	(967,930,000)	384,978,000	1,746,482,000
Other comprehensive income (loss)	$ (157,198,000)	$ (431,978,000)	(316,245,000)
Ending balance (units)	311,608	291,148
Series C Cumulative Redeemable Perpetual Preferred Stock
Increase (Decrease) in Partners' Capital [Roll Forward]
Redemption of preferred units			(201,250,000)
Digital Realty Trust, L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 18,107,465,000	$ 18,476,787,000	18,446,336,000
Issuance of common unit, net of offering costs	2,207,260,000		172,096,000
Contributions from noncontrolling interests in consolidated entities		46,277,000
Contribution from (distributions to) noncontrolling interests in consolidated entities	4,345,000		125,186,000
Units issued under equity plans, net of unit settlement to satisfy tax withholding upon vesting	(1,945,000)	8,639,000	(6,839,000)
Common units and share-based awards issued in connection with business combinations			18,270,000
Net unit settlement to satisfy tax withholding upon vesting		(7,143,000)
Amortization of share-based compensation	88,518,000	92,461,000	88,414,000
Partial settlement of forward sale agreements, net of costs		923,463,000
Adjustment to redeemable partnership units	(5,354,000)	11,954,000
Distributions	(1,544,156,000)	(1,474,864,000)	(1,392,817,000)
Deconsolidation of noncontrolling interest in consolidated entities	(65,358,000)		(197,016,000)
Sale of noncontrolling interest in property to DCRU		76,891,000
Net income (loss)	967,930,000	384,978,000	1,746,482,000
Other comprehensive income (loss)	(157,198,000)	431,978,000	316,245,000
Ending balance	19,601,507,000	18,107,465,000	18,476,787,000
Digital Realty Trust, L.P. \| Series G Cumulative Redeemable Preferred Stock
Increase (Decrease) in Partners' Capital [Roll Forward]
Redemption of preferred units			(201,250,000)
Digital Realty Trust, L.P. \| Series I Cumulative Redeemable Preferred Stock
Increase (Decrease) in Partners' Capital [Roll Forward]
Adjustment to redeemable partnership units			5,830,000
Redeemable Interests \| Digital Realty Trust, L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	1,514,679,000	46,995,000	42,011,000
Contributions from noncontrolling interests in consolidated entities		1,703,000
Contribution from (distributions to) noncontrolling interests in consolidated entities	129,000		(1,052,000)
Redeemable noncontrolling interests associated with acquisition of Teraco		1,530,090,000
Adjustment to redeemable partnership units	5,354,000	(11,954,000)
Distributions	(760,000)	(760,000)	(724,000)
Net income (loss)	(17,618,000)	(4,653,000)	930,000
Other comprehensive income (loss)	(106,970,000)	46,742,000
Ending balance	1,394,814,000	1,514,679,000	46,995,000
Redeemable Interests \| Digital Realty Trust, L.P. \| Series I Cumulative Redeemable Preferred Stock
Increase (Decrease) in Partners' Capital [Roll Forward]
Adjustment to redeemable partnership units			(5,830,000)
Accumulated Other Comprehensive Income (Loss), Net \| Digital Realty Trust, L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	(613,423,000)	(181,445,000)	134,800,000
Other comprehensive income (loss)	(159,245,000)	431,978,000	316,245,000
Ending balance	(772,668,000)	(613,423,000)	(181,445,000)
Noncontrolling Interests in Consolidated Joint Ventures \| Digital Realty Trust, L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	104,814,000	46,882,000	119,659,000
Contributions from noncontrolling interests in consolidated entities		46,277,000
Contribution from (distributions to) noncontrolling interests in consolidated entities	4,345,000		125,186,000
Deconsolidation of noncontrolling interest in consolidated entities	(65,358,000)		(197,016,000)
Sale of noncontrolling interest in property to DCRU		12,275,000
Net income (loss)	(1,143,000)	(620,000)	(947,000)
Other comprehensive income (loss)	3,234,000
Ending balance	45,892,000	104,814,000	46,882,000
General Partner \| Preferred Units \| Digital Realty Trust, L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 731,690,000	$ 731,690,000	$ 950,940,000
Beginning balance (units)	30,200,000	30,200,000	38,250,000
Distributions	$ (40,724,000)	$ (40,724,000)	$ (45,761,000)
Net income (loss)	40,724,000	40,724,000	45,761,000
Ending balance	$ 731,690,000	$ 731,690,000	$ 731,690,000
Ending balance (units)	30,200,000	30,200,000	30,200,000
General Partner \| Preferred Units \| Digital Realty Trust, L.P. \| Series G Cumulative Redeemable Preferred Stock
Increase (Decrease) in Partners' Capital [Roll Forward]
Redemption of preferred units			$ (219,250,000)
Redemption of preferred units (in units)			(8,050,000)
General Partner \| Common Units \| Digital Realty Trust, L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 17,447,442,000	$ 17,446,758,000	$ 16,631,747,000
Beginning balance (units)	291,148,222	284,415,013	280,289,726
Conversion of limited partner common units to general partner common units	$ 8,234,000	$ 2,942,000	$ 206,720,000
Conversion of limited partner common units to general partner common units (units)	112,607	36,284	2,502,331
Vesting of restricted common units, net (units)	265,671		354,489
Issuance of common unit, net of offering costs	$ 2,207,260,000		$ 172,096,000
Common units issued in connection with acquisition (in units)		340,874
Units issued under equity plans, net of unit settlement to satisfy tax withholding upon vesting	$ (1,945,000)	$ 8,639,000	$ (6,839,000)
Units issued under equity plans, net of unit settlement to satisfy tax withholding upon vesting (in units)	123,539	106,051	82,129
Common units and share-based awards issued in connection with business combinations			$ 18,270,000
Common units and share-based awards issued in connection with Interxion combination (in units)			125,395
Issuance of common units, net of offering costs (in units)	19,957,541		1,060,943
Net unit settlement to satisfy tax withholding upon vesting		$ (7,143,000)
Amortization of share-based compensation	$ 88,518,000	92,461,000	$ 88,414,000
Partial settlement of forward sale agreements, net of costs		$ 923,463,000
Partial settlement of forward sale agreements, net of costs (shares)		6,250,000
Reclassification of vested share-based awards	(41,396,000)	$ (29,864,000)	(23,829,000)
Redemption of preferred units	(1,472,449,000)
Adjustment to redeemable partnership units	(5,354,000)	11,954,000
Distributions		(1,403,344,000)	(1,315,989,000)
Sale of noncontrolling interest in property to DCRU		64,616,000
Net income (loss)	908,114,000	336,960,000	1,663,998,000
Other comprehensive income (loss)	(1,187,000)
Ending balance	$ 19,137,237,000	$ 17,447,442,000	$ 17,446,758,000
Ending balance (units)	311,607,580	291,148,222	284,415,013
General Partner \| Common Units \| Digital Realty Trust, L.P. \| Series G Cumulative Redeemable Preferred Stock
Increase (Decrease) in Partners' Capital [Roll Forward]
Redemption of preferred units			$ 18,000,000
General Partner \| Common Units \| Digital Realty Trust, L.P. \| Series I Cumulative Redeemable Preferred Stock
Increase (Decrease) in Partners' Capital [Roll Forward]
Adjustment to redeemable partnership units			5,830,000
Limited Partners \| Common Units \| Digital Realty Trust, L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 436,942,000	$ 432,902,000	$ 609,190,000
Beginning balance (units)	6,288,669	5,931,771	8,046,267
Conversion of limited partner common units to general partner common units	$ (8,234,000)	$ (2,942,000)	$ (206,720,000)
Conversion of limited partner common units to general partner common units (units)		(36,284)	(2,502,331)
Issuance of limited partner common units, net	$ 272,925
Issuance of limited partner common units, net (in units)	(112,607)	393,182
Issuance of common units, net of forfeitures (units)			387,835
Reclassification of vested share-based awards	$ 41,396,000	$ 29,864,000	$ 23,829,000
Distributions	(30,983,000)	(30,796,000)	(31,067,000)
Net income (loss)	20,235,000	7,914,000	37,670,000
Ending balance	$ 459,356,000	$ 436,942,000	$ 432,902,000
Ending balance (units)	6,448,987	6,288,669	5,931,771

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 950,312	$ 380,325	$ 1,747,412
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on disposition of properties, net	(900,531)	(176,754)	(1,380,795)
Provision for impairment	118,363	3,000	18,291
Equity in loss (earnings) of unconsolidated entities	29,791	13,497	(62,283)
Distributions from unconsolidated entities	73,518	42,376	66,232
Depreciation and amortization	1,694,859	1,577,933	1,486,632
Amortization of share-based compensation	80,532	92,461	84,083
Loss from early extinguishment of debt		51,135	18,672
Straight-lined rents and amortization of above and below market leases	(50,931)	(64,954)	(30,793)
Amortization of deferred financing costs and debt discount / premium	26,834	18,848	18,694
Other operating activities, net	(8,216)	(45,141)	81,038
Changes in assets and liabilities:
Increase in accounts receivable and other assets	(155,317)	(272,452)	(389,116)
(Decrease) increase in accounts payable and other liabilities	(224,434)	42,114	62,452
Net cash provided by operating activities	1,634,780	1,659,388	1,702,228
Cash flows from investing activities:
Improvements to investments in real estate	(3,525,598)	(2,643,097)	(2,520,772)
Cash paid for business combination / asset acquisitions, net of cash acquired	(52,297)	(1,930,178)	(192,015)
Investments in and advances to unconsolidated joint venture	(336,456)	(299,427)	(59,450)
Return of investment from unconsolidated joint ventures	241,984	3,332	62,115
Proceeds from sale of assets	2,619,778	271,567	1,691,072
Other investing activities, net	(62,522)	(101,600)	(42,671)
Net cash used in investing activities	(1,115,111)	(4,699,403)	(1,061,721)
Cash flows from financing activities:
Proceeds from credit facilities	2,870,841	5,510,267	2,521,497
Payments on credit facilities	(3,293,644)	(3,820,086)	(2,611,051)
Borrowings on secured / unsecured debt	869,132	2,791,027	1,824,389
Repayments on secured / unsecured debt	(111,979)	(1,036,577)	(990,968)
Premium paid for early extinguishment of debt		(49,662)	(16,482)
Capital contributions from noncontrolling interests, net	4,474	44,312	124,134
Proceeds from issuance of common stock, net	2,207,259	928,432	172,096
Redemption of preferred stock			(201,250)
Payments of dividends and distributions	(1,520,644)	(1,450,637)	(1,379,198)
Other financing activities, net	(61,965)	52,073	(33,797)
Net cash provided by (used in) financing activities	963,474	2,969,149	(590,630)
Net increase (decrease) in cash, cash equivalents and restricted cash	1,483,143	(70,866)	49,877
Effect of exchange rate changes on cash, cash equivalents and restricted cash	2,631	70,077	(22,044)
Cash, cash equivalents and restricted cash at beginning of period	150,696	151,485	123,652
Cash, cash equivalents and restricted cash at end of period	1,636,470	150,696	151,485
Digital Realty Trust, L.P.
Cash flows from operating activities:
Net income	950,312	380,325	1,747,412
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on disposition of properties, net	(900,531)	(176,754)	(1,380,795)
Provision for impairment	118,363	3,000	18,291
Equity in loss (earnings) of unconsolidated entities	29,791	13,497	(62,283)
Distributions from unconsolidated entities	73,518	42,376	66,232
Depreciation and amortization	1,694,859	1,577,933	1,486,632
Amortization of share-based compensation	80,532	92,461	84,083
Loss from early extinguishment of debt		51,135	18,672
Straight-lined rents and amortization of above and below market leases	(50,931)	(64,954)	(30,793)
Amortization of deferred financing costs and debt discount / premium	26,834	18,848	18,694
Other operating activities, net	(8,216)	(45,141)	81,038
Changes in assets and liabilities:
Increase in accounts receivable and other assets	(155,317)	(272,452)	(389,116)
(Decrease) increase in accounts payable and other liabilities	(224,434)	42,114	62,452
Net cash provided by operating activities	1,634,780	1,659,388	1,702,228
Cash flows from investing activities:
Improvements to investments in real estate	(3,525,598)	(2,643,097)	(2,520,772)
Cash paid for business combination / asset acquisitions, net of cash acquired	(52,297)	(1,930,178)	(192,015)
Investments in and advances to unconsolidated joint venture	(336,456)	(299,427)	(59,450)
Return of investment from unconsolidated joint ventures	241,984	3,332	62,115
Proceeds from sale of assets	2,619,778	271,567	1,691,072
Other investing activities, net	(62,522)	(101,600)	(42,671)
Net cash used in investing activities	(1,115,111)	(4,699,403)	(1,061,721)
Cash flows from financing activities:
Proceeds from credit facilities	2,870,841	5,510,267	2,521,497
Payments on credit facilities	(3,293,644)	(3,820,086)	(2,611,051)
Borrowings on secured / unsecured debt	869,132	2,791,027	1,824,389
Repayments on secured / unsecured debt	(111,979)	(1,036,577)	(990,968)
Premium paid for early extinguishment of debt		(49,662)	(16,482)
Capital contributions from noncontrolling interests, net	4,474	44,312	124,134
General partner contributions	2,207,259	928,432	172,096
General partner distributions			(201,250)
Payments of dividends and distributions	(1,520,644)	(1,450,637)	(1,379,198)
Other financing activities, net	(61,965)	52,073	(33,797)
Net cash provided by (used in) financing activities	963,474	2,969,149	(590,630)
Net increase (decrease) in cash, cash equivalents and restricted cash	1,483,143	(70,866)	49,877
Effect of exchange rate changes on cash, cash equivalents and restricted cash	2,631	70,077	(22,044)
Cash, cash equivalents and restricted cash at beginning of period	150,696	151,485	123,652
Cash, cash equivalents and restricted cash at end of period	$ 1,636,470	$ 150,696	$ 151,485

General

General	12 Months Ended
General	Dec. 31, 2023
General
General	1. General Organization and Description of Business. The Parent’s only material asset is its ownership of partnership interests of the OP. The Parent generally does not conduct business itself, other than acting as the sole general partner of the OP, issuing public securities from time to time and guaranteeing certain unsecured debt of the OP and certain of its subsidiaries and affiliates. The Parent has not issued any debt but guarantees the unsecured debt of the OP and certain of its subsidiaries and affiliates. The OP holds substantially all the assets of the Company. The OP conducts the operations of the business and has no publicly traded equity. Except for net proceeds from public equity issuances by the Parent, which are generally contributed to the OP in exchange for partnership units, the OP generally generates the capital required by the Company’s business primarily through the OP’s operations, by the OP’s or its affiliates’ direct or indirect incurrence of indebtedness or through the issuance of partnership units. Accounting Principles and Basis of Presentation. Management Estimates and Assumptions . U.S. GAAP requires us to make estimates and assumptions that affect reported amounts of revenue and expenses during the reporting period, reported amounts for assets and liabilities as of the date of the financial statements, and disclosures of contingent assets and liabilities as of the date of the financial statements. Although we believe the estimates and assumptions we made are reasonable and appropriate, as discussed in the applicable sections throughout the Consolidated Financial Statements, different assumptions and estimates could materially impact our reported results. Actual results and outcomes may differ from our assumptions.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2023
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Consolidation We consolidate all entities that are wholly owned as well as all partially-owned entities that we control. In addition, we consolidate any variable interest entities (“VIEs”) for which we are the primary beneficiary. We evaluate whether or not an entity is a VIE (and we are the primary beneficiary) through consideration of substantive terms in the arrangement to identify which enterprise has the power to direct the activities of the entity that most significantly impact the entity’s economic performance and the obligation to absorb losses/receive benefits from the entity. For entities that do not meet the definition of VIEs, we first consider if we are the general partner or a limited partner (or the equivalent in investments not structured as partnerships). We consolidate entities in which we are the general partner and the limited partners do not have rights that would preclude control. For entities in which we are the general partner, but the limited partners hold substantive participating or kick-out rights that prohibit our ability to control the entity, we apply the equity method of accounting since, as the general partner, we have the ability to exercise significant influence over the operating and financial policies of the entities. For entities in which we are a limited partner, or that are not structured similar to a partnership, we consider factors such as ownership interest, voting control, authority to make decisions and contractual and substantive participating rights of the partners. When factors indicate we have a controlling financial interest in an entity, we consolidate the entity. Foreign Operations and Foreign Currencies. The functional currency of each of our consolidated subsidiaries and unconsolidated entities operating in other countries is the principal currency in which each entity’s assets, liabilities, income and expenses are denominated, which may be different from the local currency of incorporation or the currency with which the entities conduct their operations. The primary functional currencies impacting our business include the Euro, Japanese yen, British pound sterling, Singapore dollar, South African rand and Brazilian real. For our consolidated subsidiaries whose functional currency is not the U.S. dollar, we translate financial statements into U.S. dollars at the time we consolidate these subsidiaries’ financial statements. Generally, assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Certain balance sheet items, such as equity and capital-related accounts are reflected at historical exchange rates. Income statement accounts are generally translated at the average exchange rates for the reporting periods. We and certain of our consolidated subsidiaries have intercompany and third-party debt that is not denominated in the functional currency of the entities. When debt is denominated in a currency other than the functional currency of an entity, a gain or loss can result. The associated adjustment is reflected in other (expenses) income, net, in the consolidated income statements, unless it is intercompany debt that is deemed to be long-term in nature or third-party debt that has been designated as a nonderivative net investment hedge – in which case the associated adjustments are reflected as a cumulative translation adjustment as a component of other comprehensive income. In the statement of cash flows, cash flows denominated in foreign currencies are translated using the exchange rates in effect at the time of the respective cash flows or at average exchange rates for the period, depending on the nature of the cash flow items. Acquisition Accounting . We evaluate whether or not substantially all of the value of acquired assets is concentrated in a single identifiable asset or group of identifiable assets to determine whether a transaction is accounted for as an asset acquisition or a business combination. For asset acquisitions: (1) transaction costs are included in the total costs of the acquisition and are allocated on a pro-rata basis to the carrying value of the assets and liabilities acquired, (2) real estate assets acquired are measured based on their cost or total consideration exchanged with any excess consideration or bargain purchase amount allocated to real estate properties and their associated intangibles such as above and below-market leases, in-place leases, acquired ground leases, and customer relationship value and (3) all other assets and liabilities assumed, including any debt, are recorded at fair value. For business combinations: (1) transaction costs are expensed as incurred, (2) all acquired tangible and identifiable intangible assets are recognized at fair value, (3) the amount of any purchase consideration that exceeds the fair value of the tangible and identifiable intangible assets acquired is recognized as goodwill, and (4) to the extent the purchase consideration is less than the fair value of the tangible and identifiable intangible assets acquired, a gain on bargain purchase is recognized. When we obtain control of an unconsolidated entity that we previously held as an equity method investment and the acquisition qualifies as a business combination, we remeasure our previously held interest in the unconsolidated entity at its acquisition-date fair value, derecognize the book value associated with that interest, and recognize any resulting gain or loss in earnings. We allocate purchase price primarily using Level 2 and Level 3 inputs (further defined in Fair Value Measurements) as follows: Real Estate Lease Intangibles. ● Above and below market leases: We use a discounted cash flow approach to determine the estimated present value of any difference between contractual rents for acquired in-place leases as compared to current market rents. If rents on acquired in-place leases are higher than current market rents, we record an intangible asset for the favorable rents. If rents on acquired in-place leases are lower than current market rents, we record a liability for the unfavorable rents. Favorable rent assets are amortized as a reduction to rental income over the remaining non-cancelable term of the lease. Unfavorable rent liabilities are amortized as an increase to rental income over the initial lease term plus any below-market fixed rate renewal periods. ● In-place lease value: Since the as-if-vacant model is used to determine the value of acquired operating properties, the value of such properties does not include the value associated with having existing tenants who are leasing space in the purchased properties. Having in-place tenants allows buyers to avoid costs associated with leasing the property as well as any rent losses and unreimbursed operating expenses during the lease-up period. An asset for such benefits is recorded separately as in-place lease value. In-place lease value is determined based on estimated carrying costs during hypothetical expected lease-up periods as well as costs to execute similar leases. We determine expected carrying costs and costs to execute similar leases in the same manner as described in the previous discussion of the valuation of operating properties using the as-if-vacant model. The value of in-place leases is amortized to expense over the remaining initial terms of the respective leases. ● Customer relationship value: In some transactions, customers acquired are expected to generate recurring revenues beyond existing in-place lease terms. We utilize the multi-period excess earnings method to determine customer relationship value, if any. Key factors reflected in this approach include: (1) projected revenue growth from existing customers, (2) historical customer lease renewals and attrition rates, (3) rental renewal probabilities and related market terms, (4) estimated operating costs, and (5) discount rate. Customer relationship value is amortized to expense ratably over the anticipated life of substantially all of the acquired customer relationships that are expected to generate excess earnings. Debt. Noncontrolling interests. Other acquired assets and liabilities. Fair Value Measurements. Fair value is intended to reflect the price that would be received for the sale of an asset or paid for the transfer of a liability in an orderly transaction between market participants at the measurement date (the exit price). We estimate fair value using available market information and valuation methods we believe to be appropriate for these purposes. Given the significant amount of judgement and subjectivity involved in the determination of fair value, estimated fair value is not necessarily indicative of amounts that would be realized on disposition. There are three levels in the fair value hierarchy under U.S. GAAP, which are: ● Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities that an entity can access at the measurement date. ● Level 2 – Inputs that are directly or indirectly observable for the associated asset or liability, but which do not qualify as Level 1 inputs. ● Level 3 – Unobservable inputs for the asset or liability. In instances where inputs from multiple different levels of the fair value hierarchy are used to determine fair value, the lowest level input that is significant is used to determine the fair-value measurement in its entirety. Our assessment of the significance of a particular input to a fair-value measurement requires judgment and considers factors specific to the asset or liability. We utilize fair value measurements on a recurring basis to determine the fair value of: marketable equity securities, share-based compensation awards, derivative instruments, and outstanding debt. Such measurements are also regularly utilized in assessing whether or not impairments may exist on intangible assets (including goodwill). In addition, we utilize fair value measurements on a non-recurring basis to determine the fair value associated with assets held for sale, acquisitions of assets, and acquisitions of businesses. Investments in Unconsolidated Entities. Investments in unconsolidated entities as reflected on the consolidated balance sheets includes all investments accounted for using the equity method. We use the equity method to account for these investments, because we have the ability to exercise significant influence over their operating and financial policies, but do not control them. Equity method investments are initially recognized at our cost. Transaction costs related to the formation of equity method investments are also capitalized. We subsequently adjust these balances to reflect: (1) our proportionate share of net earnings/losses of the entities and accumulated other comprehensive income or loss, (2) distributions received, (3) contributions made, (4) sales and redemptions of our investments, and (5) certain other adjustments, as appropriate. When circumstances indicate there may have been a reduction in the value of an equity method investment, we evaluate whether or not the loss in value is other than temporary. If we determine that a loss in value is other than temporary, we recognize an impairment charge to reflect the equity investment at fair value. With regard to the cash flow classifications of distributions from unconsolidated entities, we have elected the nature of the distribution approach as the information is available to us to determine the nature of the underlying activity that generated the distributions. In accordance with this approach, cash flows generated from the operations of an unconsolidated entity are classified as a return on investment (cash inflow from operating activities) and cash flows that are generated from property sales, debt refinancing or sales and redemptions of our investments are classified as a return of investment (cash inflow from investing activities). The Company has a negligible value of investments accounted for under the cost-method. These investments are included in Other assets on the consolidated balance sheets. Cash and Cash Equivalents. Restricted Cash . Assets Held for Sale. Investments in Real Estate. Investments in real estate are stated at cost, less accumulated depreciation and amortization. Land is not depreciated. Depreciation and amortization are recorded on a straight-line basis over the estimated useful lives of the respective assts. Depreciable lives of assets are stated below. Investments in Real Estate. Acquired ground leases Terms of the related lease Buildings and improvements 5-39 years Machinery and equipment 7-15 years Furniture and fixtures 3-5 years Leasehold improvements Shorter of the estimated useful lives or the terms of the related leases Tenant improvements Shorter of the estimated useful lives or the terms of the related leases Improvements and replacements are capitalized when they extend the useful life, increase capacity, or improve the efficiency of the asset. Repairs and maintenance are charged to expense as incurred. Capitalization of Costs. Development costs Leasing commissions Recoverability of Real Estate Assets. We assess the carrying value of our properties whenever events or circumstances indicate carrying amounts of these assets may not be fully recoverable (“triggering events"). Triggering events typically relate to a change in the expected holding period of a property, an adverse change in expected future cash flows of the property, or a trend of past cash flow losses that is expected to continue in the future. If our assessment of triggering events indicates the carrying value of a property or asset group might not be recoverable, we estimate the future undiscounted net cash flows expected to be generated by the assets and compare that amount to the book value of the assets. If our future undiscounted net cash flow evaluation indicates we are unable to recover the carrying value of a property or asset group, we record an impairment loss to provision for impairment in our consolidated income statements to the extent the carrying value of the property or asset group exceeds fair value. We generally estimate fair value of rental properties using a discounted cash flow analysis that includes projections of future revenues, expenses, and capital improvements that a market participant would use. In certain cases, we may supplement this analysis by obtaining outside broker opinions of value. When determining undiscounted future cash flows, we consider factors such as future operating income trends and prospects as well as the effects of leasing demand, competition and other factors. Goodwill and Other Acquired Intangible Assets. Other acquired intangible assets consist primarily of customer relationship value and in-place lease value. All of our other acquired intangible assets have finite useful lives. If impairment indicators arise with respect to these finite-lived intangible assets, we evaluate for impairment by comparing the carrying amount of the assets to the estimated future undiscounted net cash flows expected to be generated by the assets. If estimated future undiscounted cash flows exceed the carrying value of the assets, we record an impairment charge equal to the amount by which the carrying value exceeds the estimated fair value of the assets. We have no indefinite-lived intangible assets other than goodwill. Share-Based Compensation. Derivative Instruments. Changes in the fair value of derivatives are recognized periodically either in earnings or in other comprehensive income (loss), depending on whether the derivative financial instrument is undesignated or qualifies for hedge accounting, and if so, whether it represents a fair value, cash flow, or net investment hedge. Gains and losses on derivatives designated as cash flow hedges, to the extent they are included in the assessment of effectiveness, are recorded in other comprehensive income (loss) and subsequently reclassified to earnings to offset the impact of the hedged items when they occur. In the event it becomes probable the forecasted transaction to which a cash flow hedge relates will not occur, the derivative would be terminated and the amount in other comprehensive income (loss) would be recognized in earnings. Gains and losses representing components excluded from the assessment of effectiveness for cash flow and fair value hedges are recognized in earnings on a straight-line basis in the same caption as the hedged item over the term of the hedge. Gains and losses representing components excluded from the assessment of effectiveness for net investment hedges are recognized in earnings on a straight-line basis over the term of the hedge. Interest Rate Swaps Interest rate derivatives are presented on a gross basis on the consolidated balance sheets – with interest rate swap assets presented in other assets, and interest rate swap liabilities presented in accounts payable and other accrued liabilities. As of December 31, 2023, there was no impact from netting arrangements, because the Company had no derivatives in liability positions. Net interest paid or received on interest rate swaps is recognized as interest expense. Gains and losses resulting from the early termination of interest rate swap agreements are deferred and amortized as adjustments to interest expense over the remaining period of the debt originally covered by the terminated swap. Foreign Currency Contracts Hedge of Net Investment in Foreign Operations Cross-Currency Interest Rate Swaps – See Note 17. “Derivative Instruments” for further discussion on the Company’s outstanding derivative instruments. Income Taxes. Digital Realty Trust, Inc. has elected to be treated as a real estate investment trust (a “REIT”) for federal income tax purposes. As a REIT, Digital Realty Trust, Inc. generally is not required to pay U.S. federal corporate income tax to the extent taxable income is currently distributed to its stockholders. If Digital Realty Trust, Inc. were to fail to qualify as a REIT in any taxable year, it would be subject to U.S. federal and state income taxes (including any applicable alternative minimum tax) on its taxable income. The Company is subject to foreign, state and local income taxes in the jurisdictions in which it conducts business. The Company’s taxable REIT subsidiaries are subject to federal, state, local and foreign income taxes to the extent there is taxable income. Accordingly, the Company recognizes current and deferred income taxes for the Company and its taxable REIT subsidiaries, including for U.S. federal, state, local and foreign jurisdictions, as applicable. We assess our significant tax positions in accordance with U.S. GAAP for all open tax years and determine whether we have any material unrecognized liabilities from uncertain tax benefits. If a tax position is not considered “more-likely-than-not” to be sustained solely on its technical merits, no benefits of the tax position are to be recognized (for financial statement purposes). We classify interest and penalties from significant uncertain tax positions as current tax expense in our consolidated income statements. We are open to examination by the major taxing jurisdictions for the tax years that are within the statute of limitations for those jurisdictions. For further discussion related to tax reserves, see Note 13. “Income Taxes”. Transactional-based Taxes. Noncontrolling Interests and Redeemable Noncontrolling Interests. Noncontrolling interests represent the share of consolidated entities owned by third parties. We recognize each noncontrolling holder’s share of the fair value of the respective entity’s net assets as noncontrolling interest on our consolidated balance sheets at the date of formation or acquisition. Noncontrolling interest balances are adjusted for the noncontrolling holder’s share of additional contributions, distributions, and net earnings or losses. Partnership units which are contingently redeemable for cash are classified as redeemable noncontrolling interests and presented in the mezzanine section of the Company’s consolidated balance sheets between total liabilities and stockholder’s equity. Redeemable noncontrolling interests include amounts related to partnership units issued by consolidated subsidiaries of the Company in which redemption for equity is outside the control of the Company. The amounts of consolidated net income attributable to noncontrolling interests and redeemable noncontrolling interests are presented on the Company’s consolidated income statements as income (or loss) attributable to noncontrolling interests. Revenue Recognition. Rental and Other Services Revenue – We generate the majority of our revenue by leasing our properties to customers under operating lease agreements, which are accounted for under Accounting Standards Codification 842, Leases (“ASC 842”). We recognize the total minimum lease payments provided for under the leases on a straight-line basis over the lease term if we determine it is probable that substantially all of the lease payments will be collected over the lease term. We commence recognition of revenue from rentals at the date the property is ready for its intended use by the tenant and the tenant takes possession or controls the physical use of the leased asset. The excess of rents recognized as revenue over amounts contractually due pursuant to the underlying leases is included in Deferred rent, net on the consolidated balance sheet. Rental payments received in excess of revenue recognized are classified as Accounts payable and other accrued liabilities on the consolidated balance sheet. Unpaid rents that are contractually due are included in Accounts and other receivables, net on the consolidated balance sheet. We estimate the probability of collection of lease payments based on customer creditworthiness, outstanding accounts receivable balances, and historical bad debts – as well as current economic trends. If collection of substantially all lease payments over the lease term is not probable, rental revenue is recognized when payment is received, and we record a reduction to rental revenue equal to the balance of any deferred rent and rent receivable, less the balance of any security deposits or letters of credit. If collection is subsequently determined to be probable, we: (1) resume recognizing rental revenue on a straight-line basis, (2) record incremental revenue such that the cumulative amount recognized is equal to the amount that would have been recorded on a straight-line basis since inception of the lease, and (3) reverse the allowance for bad debt recorded on outstanding receivables. Generally, under the terms of our leases, the majority of our rental expenses, including common area maintenance, real estate taxes and insurance, are recovered from our customers. We record amounts reimbursable by customers (“tenant recoveries”) as revenue in the period the applicable expenses are incurred – which is generally on a ratable basis through the term of the lease. We account for and present rental revenue and tenant recoveries as a single component under rental and other services as the timing of recognition is the same, the pattern with which we transfer the right of use of the property and related services to the lessee are both on a straight-line basis and our leases qualify as operating leases. Interconnection services include port and cross-connect services generally provided on a month-to-month, one-year or multi-year term. We bill for these services on a monthly basis and recognize the revenue over the period the service is provided. Revenue for cross-connect installations is generally recognized in the period the cross-connect is installed. Interconnection services that are not specific to a particular leased space are accounted for under Topic 606 and have terms that are generally one year or less. Fee Income and Other – We utilize the practical expedient in ASC 842 that allows us to account for lease and non-lease components associated with each lease as a single lease component recorded within rental and other services, instead of accounting for such items separately under Accounting Standards Codification 606, Revenue (“ASC 606”). We recognize revenue for items that do not qualify for revenue recognition under ASC 842 under ASC 606. Revenue recognized as a result of applying ASC 606 was less than 10% of total rental and other services revenue for the years ended December 31, 2023, 2022 and 2021. Transaction and Integration Expense. Transaction expenses include closing costs, broker commissions and other professional fees, including legal and accounting fees related to business combinations or acquisitions that were not consummated. Integration costs include transition costs associated with organizational restructuring (such as severance and retention payments and recruiting expenses), third-party consulting expenses directly related to the integration of acquired companies (in areas such as cost savings and synergy realization, technology and systems work), and internal costs such as training, travel and labor, reflecting time spent by Company personnel on integration activities and projects. Recurring costs are recorded in general and administrative expense. Gains on Disposition of Properties. We recognize gains on the disposition of real estate when the recognition criteria have been met, generally at the time the risks and rewards and title have transferred, and we no longer have control of the real estate sold. We recognize losses from the disposition of real estate when known. New Accounting Pronouncements. Reference Rate Reform In March 2020, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standard Update (“ASU”) 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting The first practical expedient within the ASU allows companies to elect to not apply certain modification accounting requirements to debt, derivative, and lease contracts affected by reference rate reform if certain criteria are met. The second practical expedient allows companies to change the reference rate and other critical terms related to the reference rate reform in derivative hedge documentation without having to designate the hedging relationship – allowing companies to continue applying hedge accounting to existing cash flow and net investment hedges. The ASU was effective on a prospective basis beginning January 1, 2020 and may be elected over time as reference rate reform activities occur. We will continue to evaluate debt, derivative, and lease contracts that are modified in the future to ensure they are eligible for modification relief and apply the available practical expedients as needed. Also, in December 2022, the FASB issued ASU 2022-06, Deferral of the Sunset Date of Topic 848 Business Combinations Segment Reporting. Income Taxes. We determined that all other recently issued accounting pronouncements that have yet to be adopted by the Company will not have a material impact on our Consolidated Financial Statements or do not apply to our operations.

Business Combinations

Business Combinations	12 Months Ended
Business Combinations	Dec. 31, 2023
Business Combinations
Business Combinations	3. Business Combinations On August 1, 2022, we completed the acquisition of a 61.1% indirect controlling interest in Teraco, a leading carrier-neutral data center and interconnection services provider in South Africa (the “Teraco Acquisition”). The total purchase price was $1.7 billion cash, funded by our Global Revolving Credit Facility and partial settlement of our forward equity sale agreements described under Note 14. “Equity and Capital—Forward Equity Sale.” Teraco controls (and consolidates) the Teraco Connect Trust (the “Trust”) that was created as part of the Broad Based Black Economic Empowerment Program in South Africa. The Trust owns a 12% interest in Teraco’s primary operating company, however, because Teraco (and the Company) controls the Trust, the Trust is consolidated by Teraco (and the Company). If the Trust was not consolidated by Teraco, the Company’s ownership interest in Teraco would be approximately 55%. The following table summarizes the amounts recorded at the acquisition date (in thousands): Final Amounts Building and improvements $ 1,376,128 Construction in progress and space held for development 521,153 Operating lease right-of-use assets 2,784 Assumed cash and cash equivalents 5,528 Goodwill 1,625,994 Customer relationship value and other intangibles (weighted-average amortization life of 14 years) 720,126 Debt assumed (355,688) Operating lease liabilities (4,031) Deferred tax liabilities, net (632,841) Redeemable noncontrolling interests (1,530,090) Working capital assets, net 1,112 Total purchase consideration $ 1,730,175 Goodwill The Teraco acquisition was not material and neither the investment in the assets nor the results of operations of the acquisition was significant to the Company’s consolidated financial position or results of operations, and thus pro forma information is not required to be presented. Redeemable Noncontrolling Interest (“Redeemable NCI”) — Since the Rollover Shareholders can redeem the put right at their discretion and such redemption, which could be in cash, is outside the Company’s control, the Company recorded the noncontrolling interest as Redeemable NCI and classified it in temporary equity within its consolidated balance sheets. The Redeemable NCI was initially recorded at its acquisition-date fair value and will be adjusted each reporting period for income (or loss) attributable to the noncontrolling interest (an $18.1 million and $4.8 million net loss for the years ended December 31, 2023 and 2022, respectively). If the contractual redemption value of the Redeemable NCI is greater than its carrying value, an adjustment is made to reflect Redeemable NCI at the higher of its contractual redemption value or its carrying value each reporting period. Changes to the redemption value are recognized immediately in the period the change occurs. If the redemption value of the Redeemable NCI is equal to or less than the fair market value of the Remaining Teraco Interest, the change in the redemption value will be adjusted through Additional Paid in Capital. If the redemption value is greater than the fair market value of the Remaining Teraco Interest, the change in redemption value will be adjusted through Retained Earnings. These adjustments are not reflected on the Company’s income statement, but are instead reflected as adjustments to the net income component of the Company’s earnings per share calculations. When calculating earnings per share attributable to Digital Realty Trust, Inc., the Company adjusts net income attributable to Digital Realty Trust, Inc. to the extent the redemption value exceeds the fair value of the Redeemable NCI on a cumulative basis. For the year ended December 31, 2023 and for the period from August 1, 2022 (date of acquisition) to December 31, 2022, no such adjustment was required.

Leases

Leases	12 Months Ended
Leases	Dec. 31, 2023
Leases
Leases	4. Leases Lessor Accounting We generate the majority of our revenue by leasing operating properties to customers under operating lease agreements. The manner in which we recognize these transactions in our financial statements is described in Note 2. “Summary of Significant Accounting Policies—Revenue Recognition” to these Consolidated Financial Statements. Our largest customer’s total revenue approximates 10% of our total revenue base. A summary of minimum lease payments due from our customers under operating leases of land, prestabilized development properties, and operating properties with lease periods of greater than one year at December 31, 2023 is shown below. These amounts do not reflect future rental revenues from renewal or replacement of existing leases unless we are reasonably certain we will exercise the option or the lessee has the sole ability to exercise the option. Reimbursements of operating expenses and variable rent increases are excluded from the table below. (Amounts in thousands) Operating leases 2024 $ 2,896,757 2025 2,213,163 2026 1,797,304 2027 1,416,874 2028 1,164,093 Thereafter 3,676,797 Total $ 13,164,988 Lessee Accounting We lease space and equipment at certain of our data centers from third parties under noncancelable lease agreements. Leases for our data centers expire on various dates through 2069. Certain of our data centers, primarily in Europe and Singapore, are subject to ground leases. As of December 31, 2023, the termination dates of these ground leases ranged from 2024 to 2073. In addition, our corporate headquarters along with several regional office locations are subject to leases with termination dates ranging from 2024 to 2036. The leases generally require us to make fixed rental payments that increase at defined intervals during the term of the lease plus pay our share of common area, real estate and utility expenses as incurred. The leases do not contain residual value guarantees and do not impose material restrictions or covenants on us. Further, the leases have been classified and accounted for as either operating or finance leases. Rent expense related to operating leases included in Rental property operating and maintenance expense in the consolidated income statements amounted to approximately $153.2 million, $144.0 million and $145.7 million for the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, the weighted average remaining lease term for our operating leases and finance leases was 13 years and 14 years, respectively. We do not include renewal options in the lease term for calculating the lease liability unless we are reasonably certain we will exercise the option or the lessor has the sole ability to exercise the option. The weighted average incremental borrowing rate was 3.4% for operating leases and 2.0% for finance leases at December 31, 2023. We assigned a collateralized interest rate to each lease based on the term of the lease and the currency in which the lease is denominated. Maturities of lease liabilities as of December 31, 2023 were as follows (in thousands): Operating Finance lease liabilities lease liabilities (1) 2024 $ 163,799 $ 21,899 2025 167,415 21,925 2026 167,687 21,867 2027 166,075 22,368 2028 158,538 91,771 Thereafter 1,110,512 212,979 Total undiscounted future cash flows 1,934,026 392,809 Less: Imputed interest (391,932) (77,631) Present value of undiscounted future cash flows $ 1,542,094 $ 315,178 (1) Included in accounts payable and other accrued liabilities on the consolidated balance sheet.

Receivables

Receivables	12 Months Ended
Receivables	Dec. 31, 2023
Receivables
Receivables	5. Receivables Refer to Note 2 “Summary of Significant Accounting Policies—Revenue Recognition” for discussion of our accounting policies related to accounts receivable, deferred rent and related allowances. Accounts and Other Receivables, Net Accounts and other receivables, net is primarily comprised of contractual rents and other lease-related obligations currently due from customers. These amounts (net of an allowance for estimated uncollectible amounts) are shown in the subsequent table as Accounts receivable – trade, net. Other receivables shown separately from Accounts receivable – trade, net consist primarily of amounts that have not yet been billed to customers, such as for utility reimbursements and installation fees. Balance as of Balance as of (Amounts in thousands): December 31, 2023 December 31, 2022 Accounts receivable – trade $ 694,252 $ 551,393 Allowance for doubtful accounts (41,204) (33,048) Accounts receivable – trade, net 653,048 518,345 Accounts receivable – customer recoveries 233,499 170,012 Value-added tax receivables 257,911 167,459 Accounts receivable – installation fees 65,203 60,663 Other receivables 68,449 52,813 Accounts and other receivables, net $ 1,278,110 $ 969,292 Deferred Rent, Net Deferred rent, net represents rental income that has been recognized as revenue under ASC 842, but which is not yet due from customers under their existing rental agreements. The Company recognizes an allowance against deferred rent receivables to the extent it becomes no longer probable that a customer or group of customers will be able to make substantially all of their required cash rental payments over the entirety of their respective lease terms. As of December 31, 2023, allowance for deferred rent receivables increased primarily due to a customer bankruptcy. Balance as of Balance as of (Amounts in thousands): December 31, 2023 December 31, 2022 Deferred rent receivables $ 657,009 $ 612,439 Allowance for deferred rent receivables (32,582) (10,849) Deferred rent, net $ 624,427 $ 601,590

Investments in Properties

Investments in Properties	12 Months Ended
Investments in Properties	Dec. 31, 2023
Investments in Properties
Investments in Properties	6. Investments in Properties A summary of our investments in properties is below (in thousands): Property Type As of December 31, 2023 As of December 31, 2022 Land $ 1,087,278 $ 1,061,408 Acquired ground lease 91 6,006 Buildings and improvements 25,388,788 24,287,103 Tenant improvements 830,211 781,540 27,306,368 26,136,057 Accumulated depreciation and amortization (7,823,685) (7,268,981) Investments in operating properties, net 19,482,683 18,867,076 Construction in progress and space held for development 4,635,215 4,789,134 Land held for future development 118,190 118,452 Investments in properties, net $ 24,236,088 $ 23,774,662 In December 2023, the Company and Blackstone Inc. announced a $7 billion joint venture to develop four hyperscale data center campuses across Frankfurt, Paris and Northern Virginia. The disposition of a portion of our interest in the data center campuses met the criteria under ASC 360 for the assets to qualify as held for sale and contribution. However, the operations are not classified as discontinued operations as a result of our continuing interest in the joint venture. These data center campuses were not representative of a significant component of our portfolio, nor did the sale represent a significant shift in our strategy. We closed the first phase of the transaction in 2024. The Company will manage the development and day-to-day operations of the joint venture, for which it will receive customary fees. The second phase is subject to regulatory approvals and is targeted to close later in the year. As of December 31, 2023, real estate assets, including those mentioned above, that qualified as held for sale had an aggregate carrying value of $478.5 million within total assets and $39.0 million within total liabilities and are shown as Assets held for sale and Obligations associated with assets held for sale on the consolidated balance sheet.

Acquisitions and Dispositions o

Acquisitions and Dispositions of Properties	12 Months Ended
Acquisitions and Dispositions of Properties	Dec. 31, 2023
Acquisitions and Dispositions of Properties
Acquisitions and Dispositions of Properties	7. Acquisitions and Dispositions of Properties Acquisitions of Properties For the years ended December 31, 2023, 2022 and 2021, acquisitions of properties that did not qualify as business combinations were immaterial to our financial statements – both individually and in the aggregate. Disposition of Properties to Digital Core REIT On December 6, 2021, we completed the listing of Digital Core REIT as a standalone real estate investment trust publicly traded on the Singapore Exchange under the ticker symbol “DCRU”. Hereafter, Digital Core REIT and its associated subsidiaries are collectively referred to as the Singapore REIT (“SREIT”). In connection with the listing, the Company contributed a portfolio of 10 operating data center properties to the SREIT. The fair value of these properties was determined to be approximately $1.4 billion based on two separate third party appraisal reports. In exchange for the contribution of these properties, the Company received: (1) $919 million cash and (2) a 39.4% equity interest in the publicly traded Digital Core REIT entity, while retaining a 10% direct interest in the operating properties that were contributed by the Company to the SREIT. In addition, the Company received approximately $13 million of acquisition fees paid to the Company by Digital Core REIT in the form of additional units in Digital Core REIT. The Company determined the fair market value of its 10% retained investment in the properties contributed to the SREIT based on its retained ownership percentage applied to the appraised value of the properties. This approach was deemed appropriate because the Company determined that a discount for lack of marketability and/or lack of control associated with its 10% direct interest in the properties was not warranted. As a result of this transaction, the Company recognized a gain on sale of assets Cash received $ 919.1 Fair market value of retained investment in SREIT 521.4 Acquisition fees paid in Digital Core REIT units 13.0 Tax on acquisition fees (3.0) Net book value of assets contributed (439.3) Gain on disposition of properties $ 1,011.2 The Company provides property management and other services to the SREIT in exchange for contractual fees that are payable to the Company in cash or in additional units of the SREIT. The Company’s retained investment in the SREIT is accounted for as an equity method investment, based on the conclusion that the Company has significant influence over (but does not control) the SREIT. On December 13, 2022, we completed the sale of a 25% interest in a data center facility in Frankfurt, Germany to the SREIT for total consideration of approximately $146 million. Because the Company still controls this asset, no gain or loss was recorded on this 25% interest. In connection with this transaction, the SREIT loaned the consolidated subsidiary that owns the data center $79.8 million. The assets and liabilities sold to the SREIT were not representative of a significant component of our portfolio, nor did the sale represent a significant shift in our strategy. Disposition of Other Properties The Company sold the following other real estate properties during the years ended December 31, 2023, 2022 and 2021: Date Sold / Gross Proceeds / Fair Value Gain on Sale / contribution Property Type Metro Area contributed (in millions) (in millions) Joint venture contributions Various 2023 $ 2,278.5 (1) $ 814.0 Non-core assets Various 2023 341.3 86.6 Non-core building Dallas Aug 8, 2022 203.0 174.0 Other Various 2022 2.8 2.8 European portfolio Various Mar 16, 2021 680.0 332.0 Other Various 2021 109.6 37.7 (1) Includes GI Partners, Realty Income, and TPG Real Estate. Joint venture contributions On July 13, 2023, we formed a joint venture with GI Partners, and GI Partners acquired a 65% interest in two stabilized hyperscale data center buildings in the Chicago metro area that we contributed. We received approximately ownership in the joint venture. Currently, GI Partners has an On July 25, 2023, we formed a joint venture with TPG Real Estate, and TPG Real Estate acquired an 80% interest in three stabilized hyperscale data center buildings in Northern Virginia that we contributed. We received approximately $1.4 billion of gross proceeds from the contribution of our data centers to the joint venture and the associated financing and retained a 20% interest in the joint venture. As a result of transferring control, we derecognized the data centers and recognized a gain on disposition of approximately $576 million. We perform the day-to-day accounting and property management functions for the joint venture and, as such, will earn a management fee. On November 10, 2023, we formed a joint venture with Realty Income to support the development of two data centers in Northern Virginia. The facilities were 100% pre-leased prior to construction. We contributed the two data center buildings at a purchase price of $185 million, which represented costs spent through November 10, 2023, to the new joint venture. We received approximately $148 million of gross proceeds from the contribution of our data centers to the joint venture and retained a 20% interest in the joint venture. Realty Income contributed such cash to the joint venture in exchange for an 80% interest in the joint venture. Each partner will fund its pro rata share of the remaining $150 million estimated development cost for the first phase of the project, which is slated for completion in mid-2024. We perform the day-to-day accounting and property management functions for the joint venture and, as such, will earn a management fee. Non-core assets - Non-core building - gain European portfolio gain

Investments in Unconsolidated E

Investments in Unconsolidated Entities	12 Months Ended
Investments in Unconsolidated Entities	Dec. 31, 2023
Investments in Unconsolidated Entities.
Investments in Unconsolidated Entities	8. Investments in 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% ). GI Partners Joint Venture ownership in the joint venture. Currently, GI Partners has an interest. We perform the day-to-day accounting and property management functions for the joint venture and, as such, will earn a management fee. We serve as the managing member responsible for operations in the ordinary course of business. However, certain approval rights are granted through the terms of the joint venture agreement and require unanimous consent of both members with respect to any major decisions. Major decisions are defined to include the annual plan which sets out joint venture and property level budgets, including lease revenues, operating expenses, and capital expenditures. As such, we concluded we do not own a controlling interest and accounted for our interest in the joint venture under the equity method of accounting. As of the date of the joint venture formation, we used a discounted cash flow model to calculate the fair value of our retained equity interest. The fair value of the retained interest was $157 million and is classified as a Level 3 investment in the fair value hierarchy. The primary inputs to the valuation included volatility, hold period, and dividend yield. TPG Real Estate Joint Venture As of the date of the joint venture formation, we used a discounted cash flow model to calculate the fair value of our retained equity interest. The fair value of the retained interest was $121 million and is classified as a Level 3 investment in the fair value hierarchy. The primary inputs to the valuation included volatility, hold period, and dividend yield. Realty Income Joint Venture DCREIT As of December 31, 2023, the Company held 36% of the outstanding DCRU units, separately owned a 10% direct retained interest in the underlying North American operating properties and a 75% direct retained interest in the underlying German operating property. The Company’s 36% interest in DCRU consisted of 406 million units and 396 million units as of December 31, 2023 and 2022, respectively. Based on the closing price per unit of $0.65 and $0.55 as of December 31, 2023 and 2022, respectively, the fair value of the units the Company owned in DCRU was approximately $264 million and $218 million as of December 31, 2023 and 2022, respectively. These values do not include the value of the Company’s 10% interest in the North American operating properties and 75% interest in the German operating property of DCRU, because the associated ownership interests are not publicly traded. The Company accounts for its investment in DCREIT as an equity method investment (and not at fair value) based on the significant influence it is able to exert on DCREIT. Pursuant to contractual agreements with DCRU and its operating properties, the Company will earn fees for asset and property management services as well as fees for aiding in future acquisition, disposition and development activities. Certain of these fees are payable to the Company in the form of additional units in DCRU or in cash. During the years ended December 31, 2023 and 2022, the Company earned fees pursuant to these contractual agreements of approximately $10.7 million and $10.6 million, respectively, which is recorded as fee income and other on the consolidated income statement. During the year ended December 31, 2023, we concluded that the decline in fair value of our equity investment in DCRU was other than temporary due to the length of time and extent to which the fair value of our investment has been less than the carrying value. As a result, we recorded an impairment charge of $95 million for the three months ended September 30, 2023, which was recorded to provision for impairment in our consolidated income statements. The charge reflected the difference between the fair value of our equity investment in DCRU using DCRU's share price as of September 30, 2023 and the carrying value of our equity investment in DCRU at September 30, 2023. Ascenty 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 The amounts reflected in the previous tables on this topic are based on the historical financial information of the respective individual entities and have not been adjusted to show only the portion that is owned by the Company. The debt of our unconsolidated entities generally is non-recourse to us, except for customary exceptions pertaining to such matters as intentional misuse of funds, environmental conditions, and material misrepresentations.

Goodwill

Goodwill	12 Months Ended
Goodwill	Dec. 31, 2023
Goodwill
Goodwill	9. Goodwill Goodwill represents the excess of the purchase price over the fair value of net tangible and intangible assets acquired in a business combination. Changes in the value of goodwill at December 31, 2023 as compared to December 31, 2022 were primarily driven by changes in exchange rates associated with goodwill balances denominated in foreign currencies. The following is a summary of goodwill activity for the years ended December 31, 2023 and 2022 (in thousands): Balance as of Impact of Change Balance as of December 31, Goodwill in Foreign December 31, Merger / Portfolio Acquisition 2022 Acquisition Adjustments Exchange Rates 2023 Telx Acquisition $ 330,845 $ — $ — $ — $ 330,845 European Portfolio Acquisition 408,055 — 3,011 18,444 429,510 DFT Merger 2,592,147 — — — 2,592,147 Interxion Combination 4,288,208 — 4,843 118,806 4,411,857 Teraco Combination 1,576,704 — — (113,710) 1,462,994 Other Combination 12,538 — (20) — 12,518 Total $ 9,208,497 $ — $ 7,834 $ 23,540 $ 9,239,871 Balance as of Impact of Change Balance as of December 31, Goodwill in Foreign December 31, Merger / Portfolio Acquisition 2021 Acquisition Adjustments Exchange Rates 2022 Telx Acquisition $ 330,845 $ — $ — $ — $ 330,845 European Portfolio Acquisition 448,124 — — (40,069) 408,055 DFT Merger 2,592,147 — — — 2,592,147 Interxion Combination 4,547,153 — 5,409 (264,354) 4,288,208 Teraco Combination — 1,625,994 — (49,290) 1,576,704 Other Combination 19,171 — (6,633) — 12,538 Total $ 7,937,440 $ 1,625,994 $ (1,224) $ (353,713) $ 9,208,497

Acquired Intangible Assets and

Acquired Intangible Assets and Liabilities	12 Months Ended
Acquired Intangible Assets and Liabilities	Dec. 31, 2023
Acquired Intangible Assets and Liabilities
Acquired Intangible Assets and Liabilities	10. Acquired Intangible Assets and Liabilities The following table summarizes our acquired intangible assets and liabilities: Balance as of December 31, 2023 December 31, 2022 (Amounts in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationship value $ 2,926,808 $ (952,943) $ 1,973,865 $ 3,327,765 $ (888,105) $ 2,439,660 Acquired in-place lease value 1,089,743 (859,167) 230,576 1,369,526 (1,041,631) 327,895 Other 108,744 (33,483) 75,261 94,829 (26,788) 68,041 Acquired above-market leases 153,205 (150,344) 2,861 264,071 $ (253,693) 10,378 Acquired below-market leases (273,951) 226,840 (47,111) (344,256) 255,821 (88,435) Amortization of customer relationship value, acquired in-place lease value and other intangibles (a component of depreciation and amortization expense) was approximately $252.0 million, $253.3 million and $262.9 million for the years ended December 31, 2023, 2022 and 2021, respectively. Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase in rental and other services revenue of $6.5 million and $2.9 million for the years ended December 31, 2023 and 2022, respectively, and a decrease of $3.6 million for the year ended December 31, 2021. Estimated annual amortization for each of the five succeeding years and thereafter, commencing January 1, 2024 is as follows: (Amounts in thousands) Customer relationship value Acquired in-place lease value Other (1) Acquired above-market leases Acquired below-market leases 2024 $ 176,848 $ 51,381 $ 2,802 $ 1,327 $ (6,712) 2025 176,622 49,839 2,802 1,070 (6,560) 2026 175,981 48,012 2,802 357 (5,798) 2027 175,588 38,482 2,802 48 (5,182) 2028 153,143 18,563 2,817 46 (4,979) Thereafter 1,115,683 24,299 7,916 13 (17,880) Total $ 1,973,865 $ 230,576 $ 21,941 $ 2,861 $ (47,111) Remaining Contractual Life (in years) 14.3 4.5 2.1 6.9 (1) Excludes power grid rights in the amount of approximately $53.3 million that are currently not being amortized. Amortization of these assets will begin once the data centers associated with the power grid rights are placed into service.

Debt of the Operating Partnersh

Debt of the Operating Partnership	12 Months Ended
Debt of the Operating Partnership	Dec. 31, 2023
Debt of the Operating Partnership
Debt of the Operating Partnership	11. Debt of the Operating Partnership All debt is currently held by the OP or its consolidated subsidiaries, and the Parent is the guarantor or co-guarantor of the Global Revolving Credit Facility and the Yen Revolving Credit Facility, the unsecured term loans and the unsecured senior notes. A summary of outstanding indebtedness is as follows (in thousands): December 31, 2023 December 31, 2022 Weighted- Weighted- average Amount average Amount interest rate Outstanding interest rate Outstanding Global Revolving Credit Facilities 4.33 % $ 1,825,228 3.04 % $ 2,167,889 Unsecured term loans 4.76 % 1,567,925 2.49 % 802,875 Unsecured senior notes 2.24 % 13,507,427 2.44 % 13,220,961 Secured and other debt 8.07 % 637,072 7.12 % 532,130 Total 2.89 % $ 17,537,652 2.68 % $ 16,723,855 The weighted-average interest rates shown represent interest rates at the end of the periods for the debt outstanding and include the impact of designated interest rate swaps, which effectively fix the interest rates on certain variable rate debt, along with cross-currency interest rate swaps, which effectively convert a portion of our U.S. dollar-denominated fixed-rate debt to foreign currency-denominated fixed-rate debt in order to hedge the currency exposure associated with our net investment in foreign subsidiaries. We primarily borrow in the functional currencies of the countries where we invest. Included in the outstanding balances were borrowings denominated in the following currencies (in thousands, U.S. dollars): December 31, 2023 December 31, 2022 Amount Amount Denomination of Draw Outstanding % of Total Outstanding % of Total U.S. dollar ($) $ 2,784,875 15.9 % $ 3,855,903 23.1 % British pound sterling (£) 1,973,305 11.2 % 1,929,051 11.5 % Euro ( € 10,835,878 61.8 % 9,325,126 55.8 % Other 1,943,594 11.1 % 1,613,775 9.6 % Total $ 17,537,652 $ 16,723,855 The table below summarizes our debt maturities and principal payments as of December 31, 2023 (in thousands): Global Revolving Unsecured Unsecured Secured and Credit Facilities (1)(2) Term Loans (3)(4) Senior Notes Other Debt Total Debt 2024 $ — $ — $ 980,615 $ 321 $ 980,936 2025 — 1,567,925 1,226,775 584 2,795,284 2026 1,825,228 — 1,513,519 110,791 3,449,538 2027 — — 1,178,269 218,511 1,396,780 2028 — — 2,101,950 293,775 2,395,725 Thereafter — — 6,506,299 13,090 6,519,389 Subtotal $ 1,825,228 $ 1,567,925 $ 13,507,427 $ 637,072 $ 17,537,652 Unamortized net discounts — — (33,324) (3,754) (37,078) Unamortized deferred financing costs (12,941) (7,620) (51,761) (2,345) (74,667) Total $ 1,812,287 $ 1,560,305 $ 13,422,342 $ 630,973 $ 17,425,907 (1) Includes amounts outstanding for the Global Revolving Credit Facilities. (2) The Global Revolving Credit Facilities are subject to two six-month extension options exercisable by us; provided that the Operating Partnership must pay a 0.0625% extension fee based on each lender’s revolving commitments then outstanding (whether funded or unfunded). (3) A €375.0 million senior unsecured term loan facility is subject to two maturity extension options of one year each, provided that the Operating Partnership must pay a 0.125% extension fee based on the then-outstanding principal amount of such facility commitments then outstanding. Our U.S. term loan facility of $740 million is subject to one twelve-month extension, provided that the Operating Partnership must pay a 0.1875% extension fee based on the then-outstanding principal amount of the term loans. (4) On January 9, 2024, we paid down $240 million on the U.S. term loan facility, leaving $500 million outstanding. The paydown will result in an early extinguishment charge of approximately $1.1 million during the three months ending March 31, 2024. Global Revolving Credit Facility We have a Global Revolving Credit Facility under which we may draw up to $3.75 billion on a revolving basis (subject to currency fluctuations). The Global Revolving Credit Facility can be drawn in Australian dollars, British pounds sterling, Canadian dollars, Euros, Hong Kong dollars, Japanese yen, Singapore dollars, Indonesian rupiah, Swiss francs, Korean won and U.S. dollars (with the ability to add other currencies in the future). On April 5, 2022, we entered into an amendment (the “Amendment”) to the Second Amended and Restated Global Senior Credit Agreement (the “Credit Agreement”). The Amendment provided for, among other things: (1) an increase in the size of the Global Revolving Credit Facility from $3.0 billion to $3.75 billion and (2) the transition from U.S. dollar London Interbank Offered Rate (LIBOR) to Term Secured Overnight Financing Rate (SOFR) for floating rate borrowings denominated in U.S. dollars for all purposes under the Credit Agreement. We have the ability to increase the size of the Global Revolving Credit Facility by up to $750 million, subject to the receipt of lender commitments and other conditions precedent. Other key terms of the Global Revolving Credit Facility are as follows: ● Maturity date: January 24, 2026, with two six-month extension options available. The bank group is obligated to grant the extension options provided we give proper notice, we make certain representations and warranties and no default exists under the Global Revolving Credit Facilities. ● Interest rate: the applicable index plus a margin which is based on the credit ratings of our long-term debt and is currently 85 basis points. ● Annual facility fee: based on the total commitment amount of the facility and the credit ratings of our long-term debt and is currently 20 basis points and is payable quarterly. ● Sustainability-linked pricing component: pricing can increase by up to 5 basis points or decrease by up to 5 basis points depending on whether or not the OP or its subsidiaries meet certain sustainability performance targets. Yen Revolving Credit Facility In addition to the Global Revolving Credit Facility, we have a revolving credit facility that provides for borrowings in Japanese Yen of up to ¥33.3 billion (approximately $236.0 million based on the exchange rate on December 31, 2023), hereafter referred to as the Yen Revolving Credit Facility. We have the ability from time to time to increase the size of the Yen Revolving Credit Facility to up to ¥93.3 billion (approximately $661.4 million based on the exchange rate on December 31, 2023), subject to receipt of lender commitments and other conditions precedent. Other key terms of the Yen Revolving Credit Facility are as follows: ● Maturity date: January 24, 2026, with two six-month extension options available. The bank group is obligated to grant the extension options provided we give proper notice, we make certain representations and warranties and no default exists under the Global Revolving Credit Facilities. ● Interest rate: the applicable index plus a margin which is based on the credit ratings of our long-term debt and is currently 50 basis points. ● Quarterly unused commitment fee: currently is 10 basis points, calculated using the average daily unused revolving credit commitment and is based on the credit ratings of our long-term debt. ● Sustainability-linked pricing component: pricing can increase by up to 5 basis points or decrease by up to 5 basis points depending on whether or not the OP or its subsidiaries meet certain sustainability performance targets. Restrictive Covenants in Global Revolving Credit Facility and Yen Revolving Credit Facility The Global Revolving Credit Facility and the Yen Revolving Credit Facility both contain various restrictive covenants, including limitations on our ability to incur additional indebtedness, make certain investments, or merge with another company. In addition, we are required to maintain financial coverage ratios, including with ratios respect to unencumbered assets. After the occurrence of and during the continuance of any event of default, these credit facilities restrict the Parent’s ability to make distributions to stockholders or redeem or otherwise repurchase shares of its capital stock, except in limited circumstances (such as those necessary to enable Digital Realty Trust, Inc. to maintain its qualification as a REIT and to minimize the payment of income or excise tax). As of December 31, 2023, we were in compliance with all of such covenants for both of these revolving credit facilities. Unsecured Term Loans Euro Term Loan Agreement On August 11, 2022, the Company, the Operating Partnership, and certain of the Operating Partnership’s subsidiaries USD Term Loan Agreement On October 25, 2022, the Company, the Operating Partnership, and certain of the Operating Partnership’s subsidiaries entered into an escrow agreement (the “Escrow Agreement”) with Bank of America, N.A., as administrative agent (the “Administrative Agent”), certain lenders (the “Lenders”), and Arnold & Porter Kaye Scholer LLP, as escrow agent (the “Escrow Agent”), pursuant to which the Operating Partnership, the Company, the Administrative Agent and the Lenders delivered executed signature pages to a new term loan agreement among the Operating Partnership, the Company, the Lenders and the Administrative Agent (the “USD Term Loan Agreement”) to be held in escrow by the Escrow Agent and released by the Escrow Agent upon satisfaction of the terms described in the Escrow Agreement. On January 9, 2023, the terms and conditions of the Escrow Agreement were satisfied, and, on such date, the USD Term Loan Agreement was deemed executed and became effective. The USD Term Loan Agreement provides for a $740 million senior unsecured term loan facility (the “USD Term Loan Facility”). The USD Term Loan Facility provides for borrowings in U.S. dollars. The USD Term Loan Facility will mature on March 31, 2025, subject to one twelve-month extension option at the Operating Partnership’s option; provided, that the Operating Partnership must pay a 0.1875% extension fee based on the then-outstanding principal amount of the term loans under the USD Term Loan Facility. Unsecured Senior Notes The following table provides details of our unsecured senior notes (balances in thousands): Aggregate Principal Amount at Issuance Balance as of Borrowing Currency USD Maturity Date December 31, 2023 December 31, 2022 0.600% notes due 2023 (1) CHF 100,000 $ 108,310 Oct 02, 2023 $ — $ 108,121 2.625% notes due 2024 € 600,000 677,040 Apr 15, 2024 662,340 642,300 2.750% notes due 2024 £ 250,000 324,925 Jul 19, 2024 318,275 302,075 4.250% notes due 2025 £ 400,000 634,480 Jan 17, 2025 509,240 483,320 0.625% notes due 2025 € 650,000 720,980 Jul 15, 2025 717,535 695,825 2.500% notes due 2026 € 1,075,000 1,224,640 Jan 16, 2026 1,186,693 1,150,788 0.200% notes due 2026 CHF 275,000 298,404 Dec 15, 2026 326,826 297,331 1.700% notes due 2027 CHF 150,000 162,465 Mar 30, 2027 178,269 162,181 3.700% notes due 2027 (2) $ 1,000,000 1,000,000 Aug 15, 2027 1,000,000 1,000,000 5.550% notes due 2028 (2) $ 900,000 900,000 Jan 15, 2028 900,000 900,000 1.125% notes due 2028 € 500,000 548,550 Apr 09, 2028 551,950 535,250 4.450% notes due 2028 $ 650,000 650,000 Jul 15, 2028 650,000 650,000 0.550% notes due 2029 CHF 270,000 292,478 Apr 16, 2029 320,884 291,925 3.600% notes due 2029 $ 900,000 900,000 Jul 01, 2029 900,000 900,000 3.300% notes due 2029 £ 350,000 454,895 Jul 19, 2029 445,585 422,905 1.500% notes due 2030 € 750,000 831,900 Mar 15, 2030 827,925 802,875 3.750% notes due 2030 £ 550,000 719,825 Oct 17, 2030 700,205 664,565 1.250% notes due 2031 € 500,000 560,950 Feb 01, 2031 551,950 535,250 0.625% notes due 2031 € 1,000,000 1,220,700 Jul 15, 2031 1,103,900 1,070,500 1.000% notes due 2032 € 750,000 874,500 Jan 15, 2032 827,925 802,875 1.375% notes due 2032 € 750,000 849,375 Jul 18, 2032 827,925 802,875 $ 13,507,427 $ 13,220,961 Unamortized discounts, net of premiums (33,324) (37,280) Deferred financing costs, net (51,761) (63,648) Total unsecured senior notes, net of discount and deferred financing costs $ 13,422,342 $ 13,120,033 (1) Paid in full at maturity on October 2, 2023. (2) Subject to cross-currency swaps. Restrictive Covenants in Unsecured Senior Notes The indentures governing our senior notes contain certain covenants, including (1) a leverage ratio not to exceed 60%, (2) a secured debt leverage ratio not to exceed 40% and (3) an interest coverage ratio of greater than 1.50. The covenants also require us to maintain total unencumbered assets of not less than 150% of the aggregate principal amount of unsecured debt. At December 31, 2023, we were in compliance with each of these financial covenants. Early Extinguishment of Unsecured Senior Notes We recognized the following losses on early extinguishment of unsecured notes: ● During the year ended December 31, 2022 : $51.1 million primarily due to redemption of the 4.750% Notes due 2025 in February 2022. ● During the year ended December 31, 2021: $18.3 million primarily due to redemption of the 2.750% Notes due 2023 in February 2021. Secured and Other Debt This amount consists of a variety of loans at fixed and floating rates ranging from 3.29% to 11.65%. The largest component of the balance are Teraco debt facilities in the amount of $413.8 million, with an effective interest rate of 9.36%, along with a $135.0 million mortgage loan for the Company’s Westin building in Seattle – which bears interest at 3.29%. The loan bearing interest at 11.65% is an unsecured loan with a balance of less than $10 million.

Earnings per Common Share or Un

Earnings per Common Share or Unit	12 Months Ended
Earnings per Common Share or Unit	Dec. 31, 2023
Earnings per Common Share or Unit
Earnings per Common Share or Unit	12. Earnings per Common Share or Unit The following is a summary of basic and diluted income per share/unit (in thousands, except per share/unit amounts): Digital Realty Trust, Inc. Earnings per Common Share Year Ended December 31, 2023 2022 2021 Numerator: Net income available to common stockholders $ 908,114 $ 336,960 $ 1,681,498 Plus: Loss attributable to redeemable noncontrolling interest (1) (18,093) 4,839 — Net income available to common stockholders - diluted EPS 926,207 332,121 1,681,498 Denominator: Weighted average shares outstanding—basic 298,603 286,334 282,475 Potentially dilutive common shares: Unvested incentive units 118 257 253 Unvested restricted stock 9 45 192 Forward equity offering 248 — — Market performance-based awards 112 103 302 Redeemable noncontrolling interest shares (1) 9,975 11,180 — Weighted average shares outstanding—diluted 309,065 297,919 283,222 Income per share: Basic $ 3.04 $ 1.18 $ 5.95 Diluted $ 3.00 $ 1.11 $ 5.94 Digital Realty Trust, L.P. Earnings per Unit Year Ended December 31, 2023 2022 2021 Numerator: Net income available to common unitholders $ 928,824 $ 345,060 $ 1,720,598 Plus: Loss attributable to redeemable noncontrolling interest (1) (18,093) 4,839 — Net income available to common unitholders - diluted EPS 946,917 340,221 1,720,598 Denominator: Weighted average units outstanding—basic 304,651 292,123 289,165 Potentially dilutive common units: Unvested incentive units 118 257 253 Unvested restricted units 9 45 192 Forward equity offering 248 — — Market performance-based awards 112 103 302 Redeemable noncontrolling interest shares (1) 9,975 11,180 — Weighted average units outstanding—diluted 315,113 303,708 289,912 Income per unit: Basic $ 3.05 $ 1.18 $ 5.95 Diluted $ 3.01 $ 1.12 $ 5.94 (1) Pursuant to the Put/Call Agreement with the Rollover Shareholders who remained after the Teraco Acquisition, the Rollover Shareholders have a put right on the Remaining Interest of Teraco that can be settled by the Company in Digital Realty Trust, Inc. shares, in cash, or a combination of cash and shares. Under U.S. GAAP, diluted earnings per share must be reflected in a manner that assumes such put right was exercised at the beginning of the respective periods and settled entirely in shares. The amounts shown represent the redemption value of the Remaining Interest of Teraco divided by Digital Realty Trust, Inc.’s average share price for the respective periods. The put right is exercisable by the Rollover Shareholders for a two-year period commencing on February 1, 2026. For additional information regarding the Teraco Acquisition and the defined terms used above, see Note 3. “Business Combinations” to Consolidated Financial Statements contained herein. The below table shows the securities that would be antidilutive or not dilutive to the calculation of earnings per share and unit. Common units of the Operating Partnership not owned by Digital Realty Trust, Inc. were excluded only from the calculation of earnings per share as they are not applicable to the calculation of earnings per unit. All other securities shown below were excluded from the calculation of both earnings per share and earnings per unit (in thousands). Year Ended December 31, 2023 2022 2021 Shares subject to Forward Equity Offering — — 6,250 Weighted average of Operating Partnership common units not owned by Digital Realty Trust, Inc. 6,048 5,789 6,691 Potentially dilutive Series C Cumulative Redeemable Perpetual Preferred Stock — — 541 Potentially dilutive Series J Cumulative Redeemable Preferred Stock 1,794 1,736 1,318 Potentially dilutive Series K Cumulative Redeemable Preferred Stock 1,887 1,825 1,386 Potentially dilutive Series L Cumulative Redeemable Preferred Stock 3,095 2,993 2,274 Total 12,824 12,343 18,460

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2023
Income Taxes
Income Taxes	13. Income Taxes Digital Realty Trust, Inc. has elected to be treated and believes that it has been organized and has operated in a manner that has enabled it to qualify as a REIT for federal income tax purposes. As a REIT, Digital Realty Trust, Inc. is generally not subject to corporate level federal income taxes on taxable income distributed currently to its stockholders. Since inception, Digital Realty Trust, Inc. has distributed at least 100% of its taxable income annually. As such, no provision for federal income taxes has been included in the Company’s accompanying Consolidated Financial Statements years ended December 31, 2023, 2022 and 2021. The Operating Partnership is a partnership and is not required to pay federal income tax. Instead, taxable income is allocated to its partners, who include such amounts on their federal income tax returns. As such, no provision for federal income taxes has been included in the Operating Partnership’s accompanying Consolidated Financial Statements. We have elected taxable REIT subsidiary (“TRS”) status for some of our consolidated subsidiaries. In general, a TRS may provide services that would otherwise be considered impermissible for REITs to provide and may hold assets that REITs cannot hold directly. Income taxes for TRS entities were accrued, as necessary, for the years ended December 31, 2023, 2022 and 2021. For our TRS entities and foreign subsidiaries that are subject to U.S. federal, state, local and foreign income taxes, deferred tax assets and liabilities are established for temporary differences between the financial reporting basis and the tax basis of assets and liabilities at the enacted tax rates expected to be in effect when the temporary differences reverse. A valuation allowance for deferred tax assets is provided if we believe it is more likely than not that the deferred tax asset may not be realized, based on available evidence at the time the determination is made. An increase or decrease in the valuation allowance that results from the change in circumstances that causes a change in our judgment about the realizability of the related deferred tax asset is included in the income statement. Deferred tax assets (net of valuation allowance) and liabilities for our TRS entities and foreign subsidiaries were accrued, as necessary, for the years ended December 31, 2023, 2022 and 2021. As of December 31, 2023 and 2022, we had deferred tax liabilities net of deferred tax assets of approximately $1,144.9 million and $1,184.6 million, respectively, primarily related to our foreign properties, classified within Other assets (deferred tax assets) and separately stated Deferred tax liabilities, net in the consolidated balance sheet. The majority of our net deferred tax liability relates to differences between foreign tax basis and book basis of the assets acquired in the Teraco Acquisition in August 2022, Interxion Combination in March 2020, the European Portfolio Acquisition in July 2016 and the Sentrum portfolio acquisition in 2012. The valuation allowance against the deferred tax assets at December 31, 2023 and 2022 relate primarily to net operating loss carryforwards, nondeductible interest expense carryforwards and hybrid attributes that we do not expect to utilize attributable to certain foreign jurisdictions. As of December 31, 2023, we are under examination for various years in Australia, France, Germany, Singapore and the United States. The amount of gross unrecognized tax benefits at December 31, 2023, was $3.7 million, which includes $0.2 million of accrued interest and penalties. Deferred income tax assets and liabilities as of December 31, 2023 and 2022 were as follows (in thousands): 2023 2022 Gross deferred income tax assets: Net operating loss carryforwards $ 188,735 $ 175,935 Basis difference - real estate property 18,035 14,027 Basis difference - intangibles 7,744 7,682 Basis difference - equity investments — 5,694 Tax credit carryforward 2,056 — Other - temporary differences 180,316 132,578 Total gross deferred income tax assets 396,886 335,916 Valuation allowance (176,268) (125,491) Total deferred income tax assets, net of valuation allowance 220,618 210,425 Gross deferred income tax liabilities: Basis difference - real estate property 1,162,143 1,160,412 Basis difference - intangibles 190,607 219,653 Straight line rent 5,992 9,215 Other - temporary differences 6,750 5,744 Total gross deferred income tax liabilities 1,365,492 1,395,024 Net deferred income tax liabilities (1) $ 1,144,874 $ 1,184,599 (1) Net of deferred tax assets of $6.2 million and $8.2 million for the year ended December 31, 2023 and 2022, respectively.

Equity and Capital

Equity and Capital	12 Months Ended
Equity and Capital	Dec. 31, 2023
Equity and Capital
Equity and Capital	14. Equity and Capital Equity Distribution Agreement Digital Realty Trust, Inc. and Digital Realty Trust, L.P. were parties to an ATM Equity Offering SM Sales Agreement dated April 1, 2022, as amended in 2023 (the “2022 Sales Agreement”). Pursuant to the 2022 Sales Agreement, Digital Realty Trust, Inc. could issue and sell common stock having an aggregate offering price of up to $1.5 billion through various named agents from time to time. For the year ended December 31, 2023, Digital Realty Trust, Inc. generated net proceeds of approximately $1.1 billion from the issuance of approximately 11.3 million common shares under the 2022 Sales Agreement at an average price of $96.35 per share after payment of approximately $7.5 million of commissions to the agents. For the year ended December 31, 2022, we had no sales under the 2022 Sales Agreement. The 2022 Sales Agreement was terminated on August 4, 2023, and Digital Realty Trust, Inc. and Digital Realty Trust, L.P. entered into a new ATM Equity Offering SM Sales Agreement dated August 4, 2023 (the “2023 Sales Agreement”). At the time of the termination, $408.7 million remained unsold under the 2022 Sales Agreement. Pursuant to the 2023 Sales Agreement, Digital Realty Trust, Inc. can issue and sell common stock having an aggregate offering price of up to $1.5 billion through various named agents from time to time. For the year ended December 31, 2023, Digital Realty Trust, Inc. generated net proceeds of approximately $1.1 billion from the issuance of approximately 8.7 million common shares under the 2023 Sales Agreement at an average price of $133.21 per share after payment of approximately $11.4 million of commissions to the agents. As of December 31, 2023, approximately $343.4 million remained available for future sales under the 2023 Sales Agreement. Forward Equity Sale On September 13, 2021, the Parent completed an underwritten public offering of approximately 6.3 million shares of its common stock, all of which were offered in connection with forward sale agreements it entered into with certain financial institutions acting as forward purchasers. The forward purchasers borrowed and sold an aggregate of approximately 6.3 million shares of the Parent’s common stock in the public offering. The Parent did not receive any proceeds from the sale of common stock by the forward purchasers in the public offering. During the year ended December 31, 2022, we settled the forward sale agreements in full by issuing approximately 6.3 million shares, resulting in proceeds of approximately $939.0 million. Upon physical settlement of the forward sale agreements, the OP issued general partner common partnership units to the Parent in exchange for contribution of the net proceeds. We accounted for our forward equity sales agreements in accordance with the accounting guidance governing financial instruments and derivatives. Redeemable Preferred Stock The Company has issued and outstanding the following series of cumulative redeemable preferred stock, which are governed by the articles supplementary for the applicable series of preferred stock as of December 31, 2023 and 2022 (in thousands, except for share cap and annual dividend rate). Total Annual Shares Outstanding as of Balance (net of issuance costs) Date(s) Initial Date to Liquidation Dividend December 31, as of December 31, Preferred Stock (1) Issued Redeem (2) Share Cap (3) Value (4) Rate (5) 2023 2022 2023 2022 5.250% Series J Cumulative Redeemable Preferred Stock Aug 7, 2017 Aug 7, 2022 0.4252100 $ 200,000 1.31250 8,000 8,000 $ 193,540 $ 193,540 5.850% Series K Cumulative Redeemable Preferred Stock Mar 13, 2019 Mar 13, 2024 0.4361100 210,000 1.46250 8,400 8,400 203,264 203,264 5.200% Series L Cumulative Redeemable Preferred Stock Oct 10, 2019 Oct 10, 2024 0.3851800 345,000 1.30000 13,800 13,800 334,886 334,886 $ 755,000 30,200 30,200 $ 731,690 $ 731,690 (1) All series of preferred stock do not have a stated maturity date and are not subject to any sinking fund or mandatory redemption provisions. Upon liquidation, dissolution or winding up, each series of preferred stock will rank senior to Digital Realty Trust, Inc. common stock and on parity with the other series of preferred stock. Holders of each series of preferred stock generally have no voting rights except for limited voting rights if Digital Realty Trust, Inc. fails to pay dividends for six or more quarterly periods (whether or not consecutive) and in certain other circumstances. (2) Except in limited circumstances, reflects earliest date that Digital Realty Trust, Inc. may exercise its option to redeem the preferred stock, at a redemption price of $25.00 per share, plus accrued and unpaid dividends up to but excluding the date of redemption. (3) Upon the occurrence of specified changes of control, as a result of which neither Digital Realty Trust, Inc.’s common stock nor the common securities of the acquiring or surviving entity (or American Depositary Receipts representing such securities) is listed on the New York Stock Exchange, the NYSE MKT, LLC or the NASDAQ Stock Market or listed or quoted on a successor exchange or quotation system, each holder of preferred stock will have the right (unless, prior to the change of control conversion date specified in the applicable Articles Supplementary governing the preferred stock, Digital Realty Trust, Inc. has provided or provides notice of its election to redeem the preferred stock) to convert some or all of the preferred stock held by it into a number of shares of Digital Realty Trust, Inc.’s common stock per share of preferred stock to be converted equal to the lesser of (i) the quotient obtained by dividing (a) the sum of the $25.00 liquidation preference plus the amount of any accrued and unpaid dividends to, but not including, the change of control conversion date (unless the change of control conversion date is after a record date for a preferred stock dividend payment and prior to the corresponding dividend payment date, in which case no additional amount for such accrued and unpaid dividend will be included in this sum) by (b) the common stock price specified in the applicable Articles Supplementary governing the preferred stock; and (ii) the Share Cap, subject to certain adjustments; subject, in each case, to provisions for the receipt of alternative consideration as described in the applicable Articles Supplementary governing the preferred stock. Except in connection with specified change of control transactions, the preferred stock is not convertible into or exchangeable for any other property or securities of Digital Realty Trust, Inc. (4) Liquidation preference is $25.00 per share. (5) Dividends on preferred shares are cumulative and payable quarterly in arrears. Noncontrolling Interests in Operating Partnership Noncontrolling interests in the Operating Partnership relate to the proportion of entities consolidated by the Company that are owned by third parties. The following table shows the ownership interest in the Operating Partnership as of December 31, 2023 and 2022: December 31, 2023 December 31, 2022 Number of Percentage of Number of Percentage of (Units in thousands) units total units total Digital Realty Trust, Inc. 311,608 98.0 % 291,148 97.9 % Noncontrolling interests consist of: Common units held by third parties 4,343 1.3 % 4,375 1.5 % Incentive units held by employees and directors (see Note 16. "Incentive Plans") 2,106 0.7 % 1,914 0.6 % 318,057 100.0 % 297,437 100.0 % Limited partners have the right to require the Operating Partnership to redeem all or a portion of their common units for cash based on the fair market value of an equivalent number of shares of Digital Realty Trust, Inc. common stock at the time of redemption. Alternatively, Digital Realty Trust, Inc. may elect to acquire those common units in exchange for shares of its common stock on a one-for-one basis, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions and similar events. The common units and incentive units of the Operating Partnership are classified within equity, except for certain common units issued to certain former DuPont Fabros Technology, L.P. unitholders in the Company’s acquisition of DuPont Fabros Technology, Inc., which are subject to certain restrictions and, accordingly, are not presented as permanent equity in the consolidated balance sheet. The redemption value of the noncontrolling Operating Partnership common units and the vested incentive units was approximately $834.1 million and $591.2 million based on the closing market price of Digital Realty Trust, Inc. common stock on December 31, 2023 and December 31, 2022, respectively. The following table shows activity for the noncontrolling interests in the Operating Partnership for the years ended December 31, 2023 and 2022: (Units in thousands) Common Units Incentive Units Total As of December 31, 2021 4,389 1,542 5,931 Redemption of common units for shares of Digital Realty Trust, Inc. common stock (1) (14) — (14) Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock (1) — (22) (22) Incentive units issued upon achievement of market performance condition — 221 221 Grant of incentive units to employees and directors — 170 170 Cancellation / forfeitures of incentive units held by employees and directors — 3 3 As of December 31, 2022 4,375 1,914 6,289 Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock (1) (32) (80) (112) Incentive units issued upon achievement of market performance condition — 142 142 Grant of incentive units to employees and directors — 171 171 Cancellation / forfeitures of incentive units held by employees and directors — (41) (41) As of December 31, 2023 4,343 2,106 6,449 (1) These redemptions and conversions were recorded as a reduction to noncontrolling interests in the Operating Partnership and an increase to common stock and additional paid in capital based on the book value per unit in the accompanying consolidated balance sheets of Digital Realty Trust, Inc. Dividends and Distributions Digital Realty Trust, Inc. Dividends We have declared and paid the following dividends on our common and preferred stock for the years ended December 31, 2023, 2022 and 2021 (in thousands, except per share data): Series C Series J Series K Series L Preferred Preferred Preferred Preferred Common Date dividend declared Dividend payment date Stock Stock Stock Stock Stock February 25, 2021 March 31, 2021 $ 3,333 $ 2,625 $ 3,071 $ 4,485 $ 326,965 (2) May 10, 2021 June 30, 2021 — (1) 2,625 3,071 4,485 328,279 (2) August 11, 2021 September 30, 2021 — 2,625 3,071 4,485 329,720 (2) November 18, 2021 December 31, 2021 for Preferred Stock; January 14, 2022 for Common Stock — 2,625 3,071 4,485 329,772 (2) $ 3,333 $ 10,500 $ 12,284 $ 17,940 $ 1,314,736 March 3, 2022 March 31, 2022 $ — $ 2,625 $ 3,071 $ 4,485 $ 348,025 (3) May 24, 2022 June 30, 2022 — 2,625 3,071 4,485 348,077 (3) August 17, 2022 September 30, 2022 — 2,625 3,071 4,485 351,410 (3) November 29, 2022 December 31, 2022 for Preferred Stock; January 13, 2023 for Common Stock — 2,625 3,071 4,485 355,832 (3) $ — $ 10,500 $ 12,284 $ 17,940 $ 1,403,344 February 22, 2023 March 31, 2023 $ — $ 2,625 $ 3,071 $ 4,485 $ 356,214 (3) May 24, 2023 June 30, 2023 — 2,625 3,071 4,485 365,937 (3) August 8, 2023 September 29, 2023 — 2,625 3,071 4,485 370,278 (3) November 28, 2023 December 29, 2023 for Preferred Stock; January 19, 2024 for Common Stock — 2,625 3,071 4,485 380,019 (3) $ — $ 10,500 $ 12,284 $ 17,940 $ 1,472,448 Annual rate of dividend per share $ 1.65625 $ 1.31250 $ 1.46250 $ 1.30000 $ 4.88000 (1) Redeemed on May 17, 2021 for $ 25.211632 per share, or a redemption price of $25.00 per share, plus accrued and unpaid dividends up to but not including the redemption date. The transaction resulted in a gain on redemption of $18.0 million, measured as the difference between the cash consideration paid upon redemption, which was $201.3 million and the carrying value of the preferred stock at the time of the redemption, which was $219.3 million. This amount is reflected as gain on redemption of preferred stock which increased net income available to common stockholders. (2) $4.640 annual rate of dividend per share. (3) $4.880 annual rate of dividend per share. Digital Realty Trust, L.P. Distributions All distributions on the Operating Partnership’s units are at the discretion of Digital Realty Trust, Inc.’s Board of Directors. The table below shows the distributions declared and paid by the Operating Partnership on its common and preferred units for the years ended December 31, 2023, 2022 and 2021, (in thousands, except for per unit data): Series C Series J Series K Series L Preferred Preferred Preferred Preferred Common Date distribution declared Distribution payment date Units Units Units Units Units February 25, 2021 March 31, 2021 $ 3,333 $ 2,625 $ 3,071 $ 4,485 $ 336,041 (2) May 10, 2021 June 30, 2021 — (1) 2,625 3,071 4,485 336,543 (2) August 11, 2021 September 30, 2021 — 2,625 3,071 4,485 337,447 (2) November 18, 2021 December 31, 2021 for Preferred Units; January 14, 2022 for Common Units — 2,625 3,071 4,485 337,476 (2) $ 3,333 $ 10,500 $ 12,284 $ 17,940 $ 1,347,507 March 3, 2022 March 31, 2022 $ — $ 2,625 $ 3,071 $ 4,485 $ 355,812 (3) May 24, 2022 June 30, 2022 — 2,625 3,071 4,485 355,885 (3) August 17, 2022 September 30, 2022 — 2,625 3,071 4,485 359,207 (3) November 29, 2022 December 31, 2022 for Preferred Units; January 13, 2023 for Common Units — 2,625 3,071 4,485 363,616 (3) $ — $ 10,500 $ 12,284 $ 17,940 $ 1,434,520 February 22, 2023 March 31, 2023 $ — $ 2,625 $ 3,071 $ 4,485 $ 364,204 (3) May 24, 2023 June 30, 2023 — 2,625 3,071 4,485 373,833 (3) August 8, 2023 September 29, 2023 — 2,625 3,071 4,485 378,352 (3) November 28, 2023 December 29, 2023 for Preferred Units; January 19, 2024 for Common Units — 2,625 3,071 4,485 387,988 (3) $ — $ 10,500 $ 12,284 $ 17,940 $ 1,504,377 Annual rate of distribution per unit $ — $ 1.31250 $ 1.46250 $ 1.30000 $ 4.88000 (1) Redeemed on May 17, 2021 for $ 25.211632 per unit, or a redemption price of $25.00 per unit, plus accrued and unpaid distributions up to but not including the redemption date. The transaction resulted in a gain on redemption of $18.0 million, measured as the difference between the cash consideration paid upon redemption, which was $201.3 million and the carrying value of the preferred stock at the time of the redemption, which was $219.3 million. This amount is reflected as gain on redemption of preferred stock which increased net income available to common unitholders. (2) $4.640 annual rate of distribution per unit. (3) $4.880 annual rate of distribution per unit. Distributions out of Digital Realty Trust, Inc.’s current or accumulated earnings and profits are generally classified as dividends whereas distributions in excess of its current and accumulated earnings and profits, to the extent of a stockholder’s U.S. federal income tax basis in Digital Realty Trust, Inc.’s stock, are generally classified as a return of capital. Distributions in excess of a stockholder’s U.S. federal income tax basis in Digital Realty Trust, Inc.’s stock are generally characterized as capital gain. Cash provided by operating activities has generally been sufficient to fund all distributions, however, in the future we may also need to utilize borrowings under the Global Revolving Credit Facility to fund all or a portion of distributions.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss), Net	12 Months Ended
Accumulated Other Comprehensive Income (Loss), Net	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net.
Accumulated Other Comprehensive Income (Loss), Net	15. Accumulated Other Comprehensive Income (Loss), Net The accumulated balances for each item within Accumulated other comprehensive income (loss) are shown below (in thousands) for Digital Realty Trust, Inc. and separately for Digital Realty Trust, L.P: Digital Realty Trust, Inc. Foreign currency Increase (decrease) in Accumulated other translation fair value of derivatives, comprehensive adjustments net of reclassification income (loss), net Balance as of December 31, 2021 $ (212,653) $ 38,773 $ (173,880) Net current period change (323,366) (98,552) (421,918) Balance as of December 31, 2022 $ (536,019) $ (59,779) $ (595,798) Net current period change (102,564) (53,031) (155,595) Balance as of December 31, 2023 $ (638,583) $ (112,810) $ (751,393) Digital Realty Trust, L.P. Foreign currency Increase (decrease) in Accumulated other translation fair value of derivatives, comprehensive adjustments net of reclassification income (loss) Balance as of December 31, 2021 $ (219,882) $ 38,437 $ (181,445) Net current period change (331,131) (100,847) (431,978) Balance as of December 31, 2022 $ (551,013) $ (62,410) $ (613,423) Net current period change (105,050) (54,195) (159,245) Balance as of December 31, 2023 $ (656,063) $ (116,605) $ (772,668)

Incentive Plans

Incentive Plans	12 Months Ended
Incentive Plans	Dec. 31, 2023
Incentive Plans
Incentive Plans	16. Incentive Plans 2014 Incentive Award Plan The Company provides incentive awards in the form of common stock or awards convertible into common stock pursuant to the Digital Realty Trust, Inc., Digital Services, Inc. and Digital Realty Trust, L.P. 2014 Incentive Award Plan, as amended (the “Incentive Plan”). The major categories of awards that can be issued under the Incentive Plan include: Long-Term Incentive Units (“LTIP Units”) : two Service-Based Restricted Stock Units : two Performance-Based Awards (“the Performance Awards”) : Market-Based Performance Awards. The market performance criterion compares Digital Realty Trust, Inc.’s total stockholder return (“TSR”) relative to the MSCI US REIT Index (“RMS”) over a three-year performance period (“Market Performance Period”), subject to continued service, in order to determine the percentage of the total eligible pool of units that qualifies to be awarded. Following the completion of the Market Performance Period, the awards then have a time-based vesting element pursuant to which 50% of the performance-vested units will fully vest in the February immediately following the end of the Market Performance Period and 50% of the performance-vested units will fully vest in the subsequent February. Vesting with respect to the market condition is measured based on the difference between Digital Realty Trust, Inc.’s TSR percentage and the TSR percentage of the RMS as is shown in the subsequent table (the “RMS Relative Market Performance”). Market Performance RMS Relative Vesting Level Market Performance Percentage Below Threshold Level ≤ -500 basis points 0 % Threshold Level -500 basis points 25 % Target Level 0 basis points 50 % High Level ≥ 500 basis points 100 % If the RMS Relative Market Performance falls between the levels specified in the above table, the percentage of the award that will vest with respect to the market condition will be determined using straight-line linear interpolation between such levels. Following the completion of the applicable Market Performance Period, the Compensation Committee made the following determinations regarding the vesting of these awards. 2021 Awards ● In January 2024, the RMS Relative Market Performance fell between the threshold and target level for the 2021 awards and accordingly, 71,926 Class D units and 7,066 Restricted Stock Units performance vested and qualified for time-based vesting. ● The Class D units included 5,131 distribution equivalent units that immediately vested on December 31, 2023. ● On February 27, 2024, 50% of the 2021 awards will vest and the remaining 50% will vest on February 27, 2025, subject to continued employment through the applicable vesting date. 2020 Awards ● In January 2023, the RMS Relative Market Performance fell between the threshold and target levels for the 2020 awards and accordingly, 72,230 Class D units and 7,083 Restricted Stock Units performance vested and qualified for time-based vesting. ● The Class D units included 5,841 distribution equivalent units that immediately vested on December 31, 2022. ● On February 27, 2023, 50% of the 2020 awards vested and the remaining 50% will vest on February 27, 2024, subject to continued employment through the applicable vesting date. 2019 Awards ● In January 2022, the RMS Relative Market Performance fell between the target and high level for the 2019 awards and accordingly, 239,436 Class D units and 70,721 Restricted Stock Units performance vested and qualified for time-based vesting. ● The Class D units included 18,966 distribution equivalent units that immediately vested on December 31, 2021. ● On February 27, 2022, 50% of the 2019 awards vested and the remaining 50% vested on February 27, 2023, subject to continued employment through the applicable vesting date. Financial-Based Performance Awards. On April 8, 2023, the Company granted Financial-Based Performance Awards, which vest based on growth in same-store cash net operating income during the three-year period commencing on January 1, 2023. The awards have a time-based vesting element consistent with the Market-Based Performance Awards discussed above. For these awards, fair value is based on market value on the date of grant and compensation cost is recognized based on the probable achievement of the performance condition at each reporting period. The grant date fair value of these awards was $8.1 million, based on Digital Realty Trust, Inc.’s closing stock price at the grant date. On March 4, 2022, the Company granted Financial-Based Performance Awards, which vest based on the growth in core funds from operation (“Core FFO”) during the three-year period commencing on January 1, 2022. The awards have a time-based vesting element consistent with the Market-Based Performance Awards discussed above. For these awards, fair value is based on market value on the date of grant and compensation cost is recognized based on the probable achievement of the performance condition at each reporting period. The grant date fair value of these awards was Fair Value of Market Performance-Based Awards The fair values of the Performance Awards granted were measured using a Monte Carlo simulation to estimate the probability of the market vesting condition being satisfied. The Monte Carlo simulation is a probabilistic technique based on the underlying theory of the Black-Scholes formula, which was run for 100,000 trials to determine the fair value of the awards. For each trial, the payoff to an award is calculated at the settlement date and is then discounted to the grant date at a risk-free interest rate. The total expected value of the awards on the grant date was determined by multiplying the average value per award over all trials by the number of awards granted. Assumptions used in the valuations are summarized as follows: Expected Stock Price Risk-Free Interest Award Date Volatility rate January 1, 2021 27 % 0.17 % February 25, 2021 26 % 0.31 % January 1, 2022 26 % 0.97 % January 1, 2023 32 % 4.18 % The expected stock price volatility assumption is calculated based on our historical volatility, which is calculated over a period of time commensurate with the expected term of the awards being valued. The expected dividend yield assumption used in the Monte Carlo simulation represents the percent of return to a stock that is available to the holder of an award. Because the holders of the awards receive dividend equivalents, an expected dividend yield assumption of 0.00% was used in the valuation. These valuations were performed in a risk-neutral framework, and no assumption was made with respect to an equity risk premium. The grant date fair value of the Performance Awards was approximately $8.2 million, $12.3 million and $25.0 million for the years ended December 31, 2023, 2022 and 2021, respectively. We recognize compensation expense on a straight-line basis over the expected service period of approximately four years. The aggregate intrinsic value of the Performance Awards that vested in 2023, 2022 and 2021 was $36.4 million, $41.2 million and $28.6 million, respectively. Other Items : As of December 31, 2023, approximately 4.2 million shares of common stock, including awards that can be converted to or exchanged for shares of common stock, remained available for future issuance under the Incentive Plan. Each LTIP unit and each Class D unit issued under the Incentive Plan counts as one share of common stock for purposes of calculating the limit on shares that may be issued under the Incentive Plan and the individual award limits set forth therein. Below is a summary of compensation expense and unearned compensation (in millions): Expected period to Deferred Compensation Unearned Compensation recognize Expensed Capitalized As of As of unearned Year Ended December 31, December 31, December 31, compensation Type of incentive award 2023 2022 2021 2023 2022 2021 2023 2022 (in years) Long-term incentive units $ 14.5 $ 21.7 $ 15.4 $ 0.2 $ 0.2 $ 0.2 $ 16.6 $ 20.7 2.1 Performance-based awards 12.9 21.4 23.9 0.2 0.5 0.7 19.9 30.3 2.0 Service-based restricted stock units 21.1 25.9 23.2 7.5 5.4 3.3 66.4 55.4 2.5 Interxion awards 6.0 4.7 17.7 0.1 — — — 1.9 — The following table sets forth the weighted-average fair value per share/unit for each type of incentive award at the date of grant for the years ended December 31, 2023, 2022 and 2021: Weighted Average Fair Value at Date of Grant Type of incentive award 2023 2022 2021 Long-term incentive units $ 121.99 $ 146.37 $ 132.66 Performance-based awards 97.06 154.26 137.69 Restricted stock 132.07 131.57 129.52 Activity for LTIP Units and service-based Restricted Stock Units for the year ended December 31, 2023 is shown below. Weighted-Average Weighted-Average Aggregate Grant Date Fair Remaining Contractual Intrinsic Value (1) Unvested LTIP Units Units Value Life (Years) (in thousands) Unvested, beginning of period 279,258 $ 146.37 Granted 180,535 104.82 Vested (181,182) 136.39 Cancelled or expired (40,251) 149.36 Unvested, end of period 238,360 $ 121.99 1.96 $ 32,078 (1) The intrinsic value is calculated based on the market value of our common stock as of December 31, 2023. The grant date fair values, which equal the market price of Digital Realty Trust, Inc. common stock on the applicable grant date(s), are being expensed on a straight-line basis for service awards between two The aggregate intrinsic value of long-term incentive units that vested in 2023, 2022 and 2021 was $18.3 million, $18.1 million and $17.5 million, respectively. As of December 31, 2023, we had approximately 1.2 million long-term incentive units that were outstanding and exercisable with an aggregate intrinsic value of approximately $158.1 million (based on the market price of our common stock as of December 31, 2023). Weighted-Average Weighted-Average Aggregate Grant Date Fair Remaining Contractual Intrinsic Value (1) Unvested Restricted Stock Units Shares Value Life (Years) (in thousands) Unvested, beginning of period 507,837 $ 131.57 Granted 568,671 122.25 Vested (371,232) 119.87 Cancelled or expired (83,413) 116.39 Unvested, end of period 621,863 $ 132.07 2.47 $ 83,690 (1) The intrinsic value is calculated based on the market value of our common stock as of December 31, 2023. The grant date fair values, which equal the market price of Digital Realty Trust, Inc. common stock on the grant date, are expensed on a straight-line basis for service awards over the vesting period of the restricted stock, which is generally four years. The aggregate intrinsic value of restricted stock that vested in 2023, 2022 and 2021 was $41.5 million, $59.0 million and $53.4 million, respectively. Interxion Equity Plans On March 9, 2020, in connection with the Interxion Combination, certain outstanding awards granted under various Interxion equity plans were assumed by Digital Realty Trust, Inc. and converted into adjusted equity-based awards of Digital Realty Trust, Inc. common stock in accordance with the terms of the Purchase Agreement for the Interxion Combination. All such awards will continue to be governed by the terms of the applicable Interxion equity plan and underlying award agreement evidencing the award. Approximately 0.6 million shares of Digital Realty Trust, Inc. common stock are registered and issuable pursuant to such awards. The impact of these plans is included in the tables above. Defined Contribution Plans We have a 401(k) plan whereby our U.S. employees may contribute a portion of their compensation to their respective retirement accounts, in an amount not to exceed the maximum allowed under the Code. The 401(k) plan complies with Internal Revenue Service requirements as a 401(k) safe harbor plan whereby matching contributions made by us are 100% vested. The aggregate cost of our contributions to the 401(k) plan was approximately $6.8 million, $5.9 million, and $5.9 million for the years ended December 31, 2023, 2022 and 2021, respectively. In addition, Interxion has a defined contribution pension plan for most of its employees. Contributions are made in accordance with the terms of such defined contribution pension plan and are expensed as incurred.

Derivative Instruments

Derivative Instruments	12 Months Ended
Derivative Instruments	Dec. 31, 2023
Derivative Instruments
Derivative Instruments	17. Derivative Instruments Derivatives Designated as Hedging Instruments Net Investment Hedges In September 2022, we entered into cross-currency interest rate swaps, which effectively convert a portion of our U.S. dollar-denominated fixed-rate debt to foreign currency-denominated fixed-rate debt in order to hedge the currency exposure associated with our net investment in foreign subsidiaries. As of December 31, 2023 and 2022, we had cross-currency interest rate swaps outstanding with notional amounts of approximately $1.7 billion and maturity dates ranging through 2028. The effect of these net investment hedges on accumulated other comprehensive loss and the consolidated income statements for the years ended December 31, 2023, 2022 and 2021 was as follows (in thousands): Year Ended December 31, 2023 2022 2021 Cross-currency interest rate swaps (included component) (1) $ 22,703 $ 116,550 $ — Cross-currency interest rate swaps (excluded component) (2) 25,428 (7,929) — Total $ 48,131 $ 108,621 $ — Location of Year Ended December 31, gain or (loss) 2023 2022 2021 Cross-currency interest rate swaps (excluded component) (2) Interest expense $ 21,836 $ 6,260 $ — (2) Included component represents foreign exchange spot rates. (3) Excluded component represents cross-currency basis spread and interest rates. Cash Flow Hedges As of December 31, 2023, we had derivatives designated as cash flow hedges on 50% of the Euro Term Loan Facilities (€750 million notional amount) and 68% of the USD Term Loan Facility ($740 million notional amount). Amounts reported in Accumulated other comprehensive loss related to interest rate swaps are reclassified to interest expense as interest payments are made on our debt. As of December 31, 2023, we estimate that an additional $6.4 million will be reclassified as a decrease to interest expense during the year ending December 31, 2024, when the hedged forecasted transactions impact earnings. On December 13, 2021, in connection with the paydown of our secured note due March 2023, we terminated interest rate swap agreements with notional amounts in the aggregate of $104.0 million and, as a result of the termination, the accumulated fair value of the interest rate swap will be ratably reclassified from Accumulated other comprehensive income to interest expense The effect of these cash flow hedges on accumulated other comprehensive loss and the consolidated income statements for the years ended December 31, 2023, 2022 and 2021, was as follows (in thousands): Year Ended December 31, 2023 2022 2021 Interest rate swaps $ 7,221 $ (7,774) $ (2,582) Location of Year Ended December 31, gain or (loss) 2023 2022 2021 Interest rate swaps Interest expense $ 10,953 $ 819 $ (1,304) Fair Value of Derivative Instruments The subsequent table presents the fair value of derivative instruments recognized in our consolidated balance sheets as of December 31, 2023 and 2022 (in thousands): December 31, 2023 December 31, 2022 Assets (1) Liabilities (2) Assets (1) Liabilities (2) Cross-currency interest rate swaps $ — $ 156,753 $ — $ 108,621 Interest rate swaps 8,538 — 17,120 252 $ 8,538 $ 156,753 $ 17,120 $ 108,873 (1) As presented in our consolidated balance sheets within Other assets. (2) As presented in our consolidated balance sheets within Accounts payable and other Accrued liabilities. Credit-Risk Related Contingent Features Upon entering into derivatives, we have agreements with each of our derivative counterparties that contain a provision where we could be declared in default on our derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to our default on the indebtedness.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
Fair Value of Financial Instruments	Dec. 31, 2023
Fair Value of Financial Instruments
Fair Value of Financial Instruments	18. Fair Value of Financial Instruments We disclose fair value information for all financial instruments, whether or not recognized in the consolidated balance sheets, for which it is practicable to estimate fair value. Considerable judgment is necessary to interpret market data in order to estimate the fair value of financial instruments. The use of different market assumptions or estimation methods may have a material effect on the estimated fair value amounts. The carrying amounts for cash and cash equivalents, restricted cash, accounts and other receivables, accounts payable and other accrued liabilities, accrued dividends and distributions, security deposits and prepaid rents approximate fair value because of the short-term nature of these instruments. The carrying value of our Global Revolving Credit Facilities, Euro Term Loan Facilities and USD Term Loan Facility approximates estimated fair value, because these liabilities have variable interest rates and our credit ratings have remained stable. Differences between the carrying value and fair value of our unsecured senior notes and secured and other debt are caused by differences in interest rates or borrowing spreads that were available to us on December 31, 2023 and 2022 as compared to those in effect when the debt was issued or assumed. As described in Note 17. "Derivative Instruments", outstanding derivative contracts are recorded at fair value. We calculate the fair value of our secured and other debt and unsecured senior notes based on currently available market rates assuming the loans are outstanding through maturity and considering the collateral and other loan terms. In determining the current market rate for fixed rate debt, a market spread is added to the quoted yields on federal government treasury securities with similar maturity dates to our debt. The aggregate estimated fair value and carrying value of our Global Revolving Credit Facilities, Euro Term Loan Facilities and USD Term Loan Facility, unsecured senior notes and secured and other debt as of the respective periods is shown below (in thousands): Categorization As of December 31, 2023 As of December 31, 2022 under the fair value Estimated Fair Estimated Fair hierarchy Value Carrying Value Value Carrying Value Global Revolving Credit Facilities (1) Level 2 $ 1,825,228 $ 1,825,228 $ 2,167,889 $ 2,167,889 Unsecured term loans (1) Level 2 1,567,925 1,567,925 802,875 802,875 Unsecured senior notes (2) Level 2 12,417,619 13,507,427 11,331,989 13,220,961 Secured and other debt (2) Level 2 625,473 637,072 517,226 532,130 $ 16,436,245 $ 17,537,652 $ 14,819,979 $ 16,723,855 (1) The carrying value of our Global Revolving Credit Facilities and unsecured term loans approximates estimated fair value, due to the variability of interest rates and the stability of our credit ratings. (2) Valuations for our unsecured senior notes and secured and other debt are determined based on the expected future payments discounted at risk-adjusted rates and quoted market prices.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2023
Commitments and Contingencies.
Commitments and Contingencies	19. Commitments and Contingencies Construction Commitments – Our properties require periodic investments of capital for tenant-related capital expenditures and for general capital improvements and from time to time in the normal course of our business, we enter into various construction contracts with third parties that may obligate us to make payments. At December 31, 2023, we had open commitments, including amounts reimbursable of approximately $78.3 million, related to construction contracts of approximately $2.2 billion. Legal Proceedings Although the Company is involved in legal proceedings arising in the ordinary course of business, as of December 31, 2023, the Company is not currently a party to any legal proceedings nor, to its knowledge, is any legal proceeding threatened against it that it believes would have a material adverse effect on its financial position, results of operations or liquidity . As we disclosed in our Quarterly Report on Form 10-Q filed on November 9, 2023, the Division of Enforcement of the U.S. Securities and Exchange Commission (SEC) is conducting an investigation into the adequacy of our disclosures of cybersecurity risks and our related disclosure controls and procedures. We are cooperating with the SEC and are not aware of any cybersecurity issue or event that caused the Staff to open this matter. Responding to an investigation of this type can be costly and time-consuming. While we are unable to predict the likely outcome of this matter or the potential cost or exposure or duration of the process, based on the information we currently possess, we do not expect the total potential cost to be material to our financial condition. If the SEC believes that violations occurred, it could seek remedies including, but not limited to, civil monetary penalties and injunctive relief, and/or file litigation against the Company.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
Supplemental Cash Flow Information	Dec. 31, 2023
Supplemental Cash Flow Information
Supplemental Cash Flow Information	20. Supplemental Cash Flow Information Cash, cash equivalents, and restricted cash balances as of December 31, 2023, 2022, and 2021: Balance as of (Amounts in thousands) December 31, 2023 December 31, 2022 December 31, 2021 Cash and cash equivalents $ 1,625,495 $ 141,773 $ 142,698 Restricted cash (included in Other assets) 10,975 8,923 8,787 Total $ 1,636,470 $ 150,696 $ 151,485 We paid $391.4 million, $271.5 million and $274.7 million for interest, net of amounts capitalized, for the years ended December 31, 2023, 2022 and 2021, respectively. During the years ended December 31, 2023, 2022 and 2021, we capitalized interest of approximately $116.8 million, $70.6 million and $53.5 million, respectively. During the years ended December 31, 2023, 2022 and 2021, we capitalized amounts relating to compensation and other overhead expense of employees direct and incremental to construction activities of approximately $99.2 million, $86.1 million and $71.2 million, respectively. We paid $88.8 million, $41.7 million and $29.9 million for income taxes, net of refunds, for the years ended December 31, 2023, 2022 and 2021, respectively. Accrued construction related costs totaled $599.4 million, $417.1 million and $423.0 million as of years ended December 31, 2023, 2022 and 2021, respectively.

Segment and Geographic Informat

Segment and Geographic Information	12 Months Ended
Segment and Geographic Information	Dec. 31, 2023
Segment and Geographic Information
Segment and Geographic Information	21. Segment and Geographic Information A majority of the Company’s largest customers are global entities that transact with the Company across multiple geographies worldwide. In order to better address the needs of these global customers, the Company manages critical decisions around development, operations, and leasing globally based on customer demand considerations. In this regard, the Company manages customer relationships on a global basis in order to achieve consistent sales and delivery experience of our products for our customers throughout the global portfolio. In order to best accommodate the needs of global customers (and customers that might one day become global), the Company manages its operations as a single global business – with Operating Revenues Year Ended December 31, (Amounts in millions) 2023 2022 2021 Inside the United States $ 2,836.0 $ 2,760.4 $ 2,769.5 Outside the United States 2,641.1 1,931.4 1,658.4 Revenue Outside of U.S. % 48.2 % 41.2 % 37.5 % Investments in Properties, net Operating lease right-of-use assets, net As of December 31, As of December 31, (Amounts in millions) 2023 2022 2023 2022 Inside the United States $ 10,429.1 $ 11,517.3 $ 610.2 $ 647.0 Outside the United States 13,806.9 12,257.4 804.0 704.3 Net Assets in Foreign Operations $ 6,778.4 $ 6,330.2

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2023
Subsequent Events
Subsequent Events	22. Subsequent Events In December 2023, the Company and Blackstone Inc. announced a $7 billion joint venture to develop four hyperscale data center campuses across Frankfurt, Paris and Northern Virginia. The campuses are planned to support the construction of 10 data centers with approximately 500 megawatts of potential IT load capacity. Blackstone will invest approximately $700 million to acquire an 80% equity interest in the joint venture, while the Company would maintain a 20% interest. The Company will manage the development and day-to-day operations of the joint venture, for which it will receive customary fees. Subsequent to year end, the first phase of the joint venture closed on hyperscale data center campuses in Paris and Northern Virginia, while the second phase is scheduled to close later in 2024, upon obtaining the required regulatory approvals.

Schedule III Properties And Acc

Schedule III Properties And Accumulated Depreciation	12 Months Ended
Schedule III Properties And Accumulated Depreciation	Dec. 31, 2023
Schedule III Properties And Accumulated Depreciation
Schedule III Properties And Accumulated Depreciation	Costs capitalized Initial costs subsequent to acquisition Total costs Accumulated Date of Acquired Buildings Acquired Buildings depreciation acquisition Data Center ground and Carrying ground and and or Buildings Encumbrances Land lease improvements Improvements costs Land lease improvements Total amortization construction North American Markets Northern Virginia 19 $ — $ 122,168 $ — $ 466,221 $ 3,038,772 $ — $ 148,190 $ — $ 3,478,971 $ 3,627,161 $ (1,048,343) 2005 - 2019 Chicago 8 — 67,162 — 757,149 972,037 — 66,607 — 1,729,741 1,796,348 (734,390) 2005 - 2017 New York 12 — 12,161 — 425,838 1,049,738 — 16,308 — 1,471,429 1,487,737 (724,675) 2002 - 2015 Dallas 21 — 50,533 — 241,081 1,165,705 — 46,539 — 1,410,780 1,457,319 (663,861) 2002 - 2015 Silicon Valley 14 — 129,702 — 842,693 450,944 — 126,486 — 1,296,853 1,423,339 (599,625) 2002 - 2018 Portland 3 — 1,689 — 3,131 875,873 — 12,549 — 868,144 880,693 (121,204) 2011 - 2015 Phoenix 2 — 11,859 — 399,122 387,722 — 11,859 — 786,844 798,703 (414,122) 2006 - 2015 San Francisco 4 — 41,165 — 358,066 317,548 — 41,478 — 675,301 716,779 (309,825) 2004 - 2015 Toronto 2 — 26,600 — 116,863 412,234 — 27,180 — 528,517 555,697 (64,599) 2013 - 2017 Seattle 1 135,000 43,110 — 329,283 62,071 — 43,110 — 391,354 434,464 (51,115) 2,020 Atlanta 4 — 6,537 — 264,948 141,146 — 6,552 — 406,079 412,631 (136,304) 2011 - 2017 Boston 3 — 17,826 — 253,711 110,351 — 16,600 — 365,288 381,888 (184,525) 2006 - 2011 Los Angeles 2 — 29,531 — 105,910 160,424 — 29,118 — 266,747 295,865 (150,281) 2004 - 2015 Houston 6 — 6,965 — 23,492 155,250 — 6,594 — 179,113 185,707 (118,182) 2006 Austin 1 — 1,177 — 4,877 77,880 — 1,177 — 82,757 83,934 (28,673) 2005 Miami 2 — 2,964 — 29,793 41,808 — 2,964 — 71,601 74,565 (39,164) 2002 - 2015 North America - Other 6 — 14,307 — 33,122 173,477 (18,000) 14,308 — 188,598 202,906 (82,737) Total North America 110 135,000 585,456 — 4,655,300 9,592,980 (18,000) 617,619 — 14,198,117 14,815,736 (5,471,625) EMEA Markets Frankfurt 29 — 31,260 — 876,342 1,035,998 — 106,876 — 1,836,724 1,943,600 (307,656) 2015 - 2020 London 15 — 101,397 — 1,098,809 572,439 — 61,646 — 1,710,999 1,772,645 (607,287) 2007 - 2020 Paris 13 — 45,722 — 355,386 845,856 — 54,507 — 1,192,457 1,246,964 (115,942) 2012 - 2020 Amsterdam 12 — 40,709 — 968,935 202,598 — 70,211 — 1,142,031 1,212,242 (258,958) 2005 - 2020 Johannesburg 5 — 10,099 — 1,008,751 125,255 — 9,085 — 1,135,020 1,144,105 (69,330) 2022 Marseille 4 — 1,121 — 220,737 370,449 — 1,081 — 591,227 592,308 (80,487) 2020 Zurich 3 — 20,605 — 48,325 415,146 — 39,461 — 444,615 484,076 (42,609) 2020 Dublin 9 — 11,722 90 89,597 381,032 — 7,791 91 474,559 482,441 (135,864) 2006 - 2020 Cape Town 2 — 5,100 — 276,021 130,558 — 4,587 — 407,092 411,679 (23,027) 2022 Vienna 3 — 14,159 — 364,949 3,530 — 13,105 — 369,533 382,638 (72,500) 2020 Brussels 3 — 3,874 — 118,034 102,611 — 11,498 — 213,021 224,519 (21,413) 2020 Madrid 4 — 8,456 — 134,817 66,931 — 13,392 — 196,812 210,204 (28,450) 2020 Copenhagen 3 — 11,665 — 107,529 56,032 — 4,583 — 170,643 175,226 (22,665) 2020 Stockholm 6 — — — 93,861 58,194 — — — 152,055 152,055 (29,430) 2020 Dusseldorf 3 — — — 30,093 81,914 — — — 112,007 112,007 (12,455) 2020 Durban 1 — 900 — 66,646 (3,287) — 810 — 63,449 64,259 (5,055) 2022 Europe - Other 5 — 3,144 — 43,046 226,639 — 26,149 — 246,680 272,829 (76,969) Africa - Other 4 — — — — 225,569 — 3,113 — 222,456 225,569 (21,861) Total EMEA 124 — 309,933 90 5,901,877 4,897,466 — 427,895 91 10,681,380 11,109,366 (1,931,958) Costs capitalized Initial costs subsequent to acquisition Total costs Accumulated Date of Acquired Buildings Acquired Buildings depreciation acquisition Data Center ground and Carrying ground and and or Buildings Encumbrances Land lease improvements Improvements costs Land lease improvements Total amortization construction APAC Markets Singapore 3 — — — 137,545 718,681 — — — 856,226 856,226 (301,293) 2010 - 2015 Sydney 4 — 18,285 — 3,868 190,211 — 21,159 — 191,205 212,364 (48,137) 2011 - 2012 Seoul 1 — — — — 132,617 — 17,620 — 114,997 132,617 (7,913) 2022 Melbourne 2 — 4,467 — — 103,068 — 2,985 — 104,550 107,535 (51,882) 2011 Hong Kong 1 — — — — 59,323 — — — 59,323 59,323 (7,137) 2021 Asia Pacific - Other 4 — — — — 13,201 — — — 13,201 13,201 (3,740) Total APAC 15 — 22,752 — 141,413 1,217,101 — 41,764 — 1,339,502 1,381,266 (420,102) Total Portfolio 249 $ 135,000 $ 918,141 $ 90 $ 10,698,590 $ 15,707,547 $ (18,000) $ 1,087,278 $ 91 $ 26,218,999 $ 27,306,368 $ (7,823,685) (1) Tax Cost The aggregate gross cost of the Company’s properties for federal income tax purposes approximated $42.6 billion (unaudited) as of December 31, 2023. (2) Historical Cost and Accumulated Depreciation and Amortization The following table reconciles the historical cost of the Company’s properties for financial reporting purposes for each of the years in the three-year period ended December 31, 2023. Year Ended December 31, 2023 2022 2021 Balance, beginning of year $ 26,136,057 $ 23,625,450 $ 23,142,988 Additions during period (acquisitions and improvements) 3,494,450 2,553,946 1,570,162 Deductions during period (dispositions, impairments and assets held for sale) (2,324,139) (43,339) (1,087,700) Balance, end of year $ 27,306,368 $ 26,136,057 $ 23,625,450 The following table reconciles accumulated depreciation and amortization of the Company’s properties for financial reporting purposes for each of the years in the three-year period ended December 31, 2023. Year Ended December 31, 2023 2022 2021 Balance, beginning of year $ 7,268,981 $ 6,210,281 $ 5,555,221 Additions during period (depreciation and amortization expense) 1,338,912 1,079,497 1,042,011 Deductions during period (dispositions and assets held for sale) (784,208) (20,797) (386,951) Balance, end of year $ 7,823,685 $ 7,268,981 $ 6,210,281 Schedules other than those listed above are omitted because they are not applicable or the information required is included in the Consolidated Financial Statements or the notes thereto.

General (Policies)

General (Policies)	12 Months Ended
General (Policies)	Dec. 31, 2023
General
Organization and Description of Business	Organization and Description of Business. The Parent’s only material asset is its ownership of partnership interests of the OP. The Parent generally does not conduct business itself, other than acting as the sole general partner of the OP, issuing public securities from time to time and guaranteeing certain unsecured debt of the OP and certain of its subsidiaries and affiliates. The Parent has not issued any debt but guarantees the unsecured debt of the OP and certain of its subsidiaries and affiliates. The OP holds substantially all the assets of the Company. The OP conducts the operations of the business and has no publicly traded equity. Except for net proceeds from public equity issuances by the Parent, which are generally contributed to the OP in exchange for partnership units, the OP generally generates the capital required by the Company’s business primarily through the OP’s operations, by the OP’s or its affiliates’ direct or indirect incurrence of indebtedness or through the issuance of partnership units.
Accounting Principles and Basis of Presentation	Accounting Principles and Basis of Presentation.
Management Estimates and Assumptions	Management Estimates and Assumptions . U.S. GAAP requires us to make estimates and assumptions that affect reported amounts of revenue and expenses during the reporting period, reported amounts for assets and liabilities as of the date of the financial statements, and disclosures of contingent assets and liabilities as of the date of the financial statements. Although we believe the estimates and assumptions we made are reasonable and appropriate, as discussed in the applicable sections throughout the Consolidated Financial Statements, different assumptions and estimates could materially impact our reported results. Actual results and outcomes may differ from our assumptions.
Consolidation	Consolidation We consolidate all entities that are wholly owned as well as all partially-owned entities that we control. In addition, we consolidate any variable interest entities (“VIEs”) for which we are the primary beneficiary. We evaluate whether or not an entity is a VIE (and we are the primary beneficiary) through consideration of substantive terms in the arrangement to identify which enterprise has the power to direct the activities of the entity that most significantly impact the entity’s economic performance and the obligation to absorb losses/receive benefits from the entity. For entities that do not meet the definition of VIEs, we first consider if we are the general partner or a limited partner (or the equivalent in investments not structured as partnerships). We consolidate entities in which we are the general partner and the limited partners do not have rights that would preclude control. For entities in which we are the general partner, but the limited partners hold substantive participating or kick-out rights that prohibit our ability to control the entity, we apply the equity method of accounting since, as the general partner, we have the ability to exercise significant influence over the operating and financial policies of the entities. For entities in which we are a limited partner, or that are not structured similar to a partnership, we consider factors such as ownership interest, voting control, authority to make decisions and contractual and substantive participating rights of the partners. When factors indicate we have a controlling financial interest in an entity, we consolidate the entity.
Foreign Operations and Foreign Currencies	Foreign Operations and Foreign Currencies. The functional currency of each of our consolidated subsidiaries and unconsolidated entities operating in other countries is the principal currency in which each entity’s assets, liabilities, income and expenses are denominated, which may be different from the local currency of incorporation or the currency with which the entities conduct their operations. The primary functional currencies impacting our business include the Euro, Japanese yen, British pound sterling, Singapore dollar, South African rand and Brazilian real. For our consolidated subsidiaries whose functional currency is not the U.S. dollar, we translate financial statements into U.S. dollars at the time we consolidate these subsidiaries’ financial statements. Generally, assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Certain balance sheet items, such as equity and capital-related accounts are reflected at historical exchange rates. Income statement accounts are generally translated at the average exchange rates for the reporting periods. We and certain of our consolidated subsidiaries have intercompany and third-party debt that is not denominated in the functional currency of the entities. When debt is denominated in a currency other than the functional currency of an entity, a gain or loss can result. The associated adjustment is reflected in other (expenses) income, net, in the consolidated income statements, unless it is intercompany debt that is deemed to be long-term in nature or third-party debt that has been designated as a nonderivative net investment hedge – in which case the associated adjustments are reflected as a cumulative translation adjustment as a component of other comprehensive income. In the statement of cash flows, cash flows denominated in foreign currencies are translated using the exchange rates in effect at the time of the respective cash flows or at average exchange rates for the period, depending on the nature of the cash flow items.
Acquisition Accounting	Acquisition Accounting . We evaluate whether or not substantially all of the value of acquired assets is concentrated in a single identifiable asset or group of identifiable assets to determine whether a transaction is accounted for as an asset acquisition or a business combination. For asset acquisitions: (1) transaction costs are included in the total costs of the acquisition and are allocated on a pro-rata basis to the carrying value of the assets and liabilities acquired, (2) real estate assets acquired are measured based on their cost or total consideration exchanged with any excess consideration or bargain purchase amount allocated to real estate properties and their associated intangibles such as above and below-market leases, in-place leases, acquired ground leases, and customer relationship value and (3) all other assets and liabilities assumed, including any debt, are recorded at fair value. For business combinations: (1) transaction costs are expensed as incurred, (2) all acquired tangible and identifiable intangible assets are recognized at fair value, (3) the amount of any purchase consideration that exceeds the fair value of the tangible and identifiable intangible assets acquired is recognized as goodwill, and (4) to the extent the purchase consideration is less than the fair value of the tangible and identifiable intangible assets acquired, a gain on bargain purchase is recognized. When we obtain control of an unconsolidated entity that we previously held as an equity method investment and the acquisition qualifies as a business combination, we remeasure our previously held interest in the unconsolidated entity at its acquisition-date fair value, derecognize the book value associated with that interest, and recognize any resulting gain or loss in earnings. We allocate purchase price primarily using Level 2 and Level 3 inputs (further defined in Fair Value Measurements) as follows: Real Estate Lease Intangibles. ● Above and below market leases: We use a discounted cash flow approach to determine the estimated present value of any difference between contractual rents for acquired in-place leases as compared to current market rents. If rents on acquired in-place leases are higher than current market rents, we record an intangible asset for the favorable rents. If rents on acquired in-place leases are lower than current market rents, we record a liability for the unfavorable rents. Favorable rent assets are amortized as a reduction to rental income over the remaining non-cancelable term of the lease. Unfavorable rent liabilities are amortized as an increase to rental income over the initial lease term plus any below-market fixed rate renewal periods. ● In-place lease value: Since the as-if-vacant model is used to determine the value of acquired operating properties, the value of such properties does not include the value associated with having existing tenants who are leasing space in the purchased properties. Having in-place tenants allows buyers to avoid costs associated with leasing the property as well as any rent losses and unreimbursed operating expenses during the lease-up period. An asset for such benefits is recorded separately as in-place lease value. In-place lease value is determined based on estimated carrying costs during hypothetical expected lease-up periods as well as costs to execute similar leases. We determine expected carrying costs and costs to execute similar leases in the same manner as described in the previous discussion of the valuation of operating properties using the as-if-vacant model. The value of in-place leases is amortized to expense over the remaining initial terms of the respective leases. ● Customer relationship value: In some transactions, customers acquired are expected to generate recurring revenues beyond existing in-place lease terms. We utilize the multi-period excess earnings method to determine customer relationship value, if any. Key factors reflected in this approach include: (1) projected revenue growth from existing customers, (2) historical customer lease renewals and attrition rates, (3) rental renewal probabilities and related market terms, (4) estimated operating costs, and (5) discount rate. Customer relationship value is amortized to expense ratably over the anticipated life of substantially all of the acquired customer relationships that are expected to generate excess earnings. Debt. Noncontrolling interests. Other acquired assets and liabilities.
Fair Value Measurements	Fair Value Measurements. Fair value is intended to reflect the price that would be received for the sale of an asset or paid for the transfer of a liability in an orderly transaction between market participants at the measurement date (the exit price). We estimate fair value using available market information and valuation methods we believe to be appropriate for these purposes. Given the significant amount of judgement and subjectivity involved in the determination of fair value, estimated fair value is not necessarily indicative of amounts that would be realized on disposition. There are three levels in the fair value hierarchy under U.S. GAAP, which are: ● Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities that an entity can access at the measurement date. ● Level 2 – Inputs that are directly or indirectly observable for the associated asset or liability, but which do not qualify as Level 1 inputs. ● Level 3 – Unobservable inputs for the asset or liability. In instances where inputs from multiple different levels of the fair value hierarchy are used to determine fair value, the lowest level input that is significant is used to determine the fair-value measurement in its entirety. Our assessment of the significance of a particular input to a fair-value measurement requires judgment and considers factors specific to the asset or liability. We utilize fair value measurements on a recurring basis to determine the fair value of: marketable equity securities, share-based compensation awards, derivative instruments, and outstanding debt. Such measurements are also regularly utilized in assessing whether or not impairments may exist on intangible assets (including goodwill). In addition, we utilize fair value measurements on a non-recurring basis to determine the fair value associated with assets held for sale, acquisitions of assets, and acquisitions of businesses.
Investments in Unconsolidated Entities	Investments in Unconsolidated Entities. Investments in unconsolidated entities as reflected on the consolidated balance sheets includes all investments accounted for using the equity method. We use the equity method to account for these investments, because we have the ability to exercise significant influence over their operating and financial policies, but do not control them. Equity method investments are initially recognized at our cost. Transaction costs related to the formation of equity method investments are also capitalized. We subsequently adjust these balances to reflect: (1) our proportionate share of net earnings/losses of the entities and accumulated other comprehensive income or loss, (2) distributions received, (3) contributions made, (4) sales and redemptions of our investments, and (5) certain other adjustments, as appropriate. When circumstances indicate there may have been a reduction in the value of an equity method investment, we evaluate whether or not the loss in value is other than temporary. If we determine that a loss in value is other than temporary, we recognize an impairment charge to reflect the equity investment at fair value. With regard to the cash flow classifications of distributions from unconsolidated entities, we have elected the nature of the distribution approach as the information is available to us to determine the nature of the underlying activity that generated the distributions. In accordance with this approach, cash flows generated from the operations of an unconsolidated entity are classified as a return on investment (cash inflow from operating activities) and cash flows that are generated from property sales, debt refinancing or sales and redemptions of our investments are classified as a return of investment (cash inflow from investing activities). The Company has a negligible value of investments accounted for under the cost-method. These investments are included in Other assets on the consolidated balance sheets.
Cash, Cash Equivalents and Restricted Cash	Cash and Cash Equivalents. Restricted Cash .
Assets Held for Sale	Assets Held for Sale.
Investments in Real Estate	Investments in Real Estate. Investments in real estate are stated at cost, less accumulated depreciation and amortization. Land is not depreciated. Depreciation and amortization are recorded on a straight-line basis over the estimated useful lives of the respective assts. Depreciable lives of assets are stated below. Investments in Real Estate. Acquired ground leases Terms of the related lease Buildings and improvements 5-39 years Machinery and equipment 7-15 years Furniture and fixtures 3-5 years Leasehold improvements Shorter of the estimated useful lives or the terms of the related leases Tenant improvements Shorter of the estimated useful lives or the terms of the related leases Improvements and replacements are capitalized when they extend the useful life, increase capacity, or improve the efficiency of the asset. Repairs and maintenance are charged to expense as incurred.
Capitalization of Costs	Capitalization of Costs. Development costs Leasing commissions
Recoverability of Real Estate Assets	Recoverability of Real Estate Assets. We assess the carrying value of our properties whenever events or circumstances indicate carrying amounts of these assets may not be fully recoverable (“triggering events"). Triggering events typically relate to a change in the expected holding period of a property, an adverse change in expected future cash flows of the property, or a trend of past cash flow losses that is expected to continue in the future. If our assessment of triggering events indicates the carrying value of a property or asset group might not be recoverable, we estimate the future undiscounted net cash flows expected to be generated by the assets and compare that amount to the book value of the assets. If our future undiscounted net cash flow evaluation indicates we are unable to recover the carrying value of a property or asset group, we record an impairment loss to provision for impairment in our consolidated income statements to the extent the carrying value of the property or asset group exceeds fair value. We generally estimate fair value of rental properties using a discounted cash flow analysis that includes projections of future revenues, expenses, and capital improvements that a market participant would use. In certain cases, we may supplement this analysis by obtaining outside broker opinions of value. When determining undiscounted future cash flows, we consider factors such as future operating income trends and prospects as well as the effects of leasing demand, competition and other factors.
Goodwill and Other Acquired Intangible Assets	Goodwill and Other Acquired Intangible Assets. Other acquired intangible assets consist primarily of customer relationship value and in-place lease value. All of our other acquired intangible assets have finite useful lives. If impairment indicators arise with respect to these finite-lived intangible assets, we evaluate for impairment by comparing the carrying amount of the assets to the estimated future undiscounted net cash flows expected to be generated by the assets. If estimated future undiscounted cash flows exceed the carrying value of the assets, we record an impairment charge equal to the amount by which the carrying value exceeds the estimated fair value of the assets. We have no indefinite-lived intangible assets other than goodwill.
Share-Based Compensation	Share-Based Compensation.
Derivative Instruments	Derivative Instruments. Changes in the fair value of derivatives are recognized periodically either in earnings or in other comprehensive income (loss), depending on whether the derivative financial instrument is undesignated or qualifies for hedge accounting, and if so, whether it represents a fair value, cash flow, or net investment hedge. Gains and losses on derivatives designated as cash flow hedges, to the extent they are included in the assessment of effectiveness, are recorded in other comprehensive income (loss) and subsequently reclassified to earnings to offset the impact of the hedged items when they occur. In the event it becomes probable the forecasted transaction to which a cash flow hedge relates will not occur, the derivative would be terminated and the amount in other comprehensive income (loss) would be recognized in earnings. Gains and losses representing components excluded from the assessment of effectiveness for cash flow and fair value hedges are recognized in earnings on a straight-line basis in the same caption as the hedged item over the term of the hedge. Gains and losses representing components excluded from the assessment of effectiveness for net investment hedges are recognized in earnings on a straight-line basis over the term of the hedge. Interest Rate Swaps Interest rate derivatives are presented on a gross basis on the consolidated balance sheets – with interest rate swap assets presented in other assets, and interest rate swap liabilities presented in accounts payable and other accrued liabilities. As of December 31, 2023, there was no impact from netting arrangements, because the Company had no derivatives in liability positions. Net interest paid or received on interest rate swaps is recognized as interest expense. Gains and losses resulting from the early termination of interest rate swap agreements are deferred and amortized as adjustments to interest expense over the remaining period of the debt originally covered by the terminated swap. Foreign Currency Contracts Hedge of Net Investment in Foreign Operations Cross-Currency Interest Rate Swaps – See Note 17. “Derivative Instruments” for further discussion on the Company’s outstanding derivative instruments.
Income Taxes	Income Taxes. Digital Realty Trust, Inc. has elected to be treated as a real estate investment trust (a “REIT”) for federal income tax purposes. As a REIT, Digital Realty Trust, Inc. generally is not required to pay U.S. federal corporate income tax to the extent taxable income is currently distributed to its stockholders. If Digital Realty Trust, Inc. were to fail to qualify as a REIT in any taxable year, it would be subject to U.S. federal and state income taxes (including any applicable alternative minimum tax) on its taxable income. The Company is subject to foreign, state and local income taxes in the jurisdictions in which it conducts business. The Company’s taxable REIT subsidiaries are subject to federal, state, local and foreign income taxes to the extent there is taxable income. Accordingly, the Company recognizes current and deferred income taxes for the Company and its taxable REIT subsidiaries, including for U.S. federal, state, local and foreign jurisdictions, as applicable. We assess our significant tax positions in accordance with U.S. GAAP for all open tax years and determine whether we have any material unrecognized liabilities from uncertain tax benefits. If a tax position is not considered “more-likely-than-not” to be sustained solely on its technical merits, no benefits of the tax position are to be recognized (for financial statement purposes). We classify interest and penalties from significant uncertain tax positions as current tax expense in our consolidated income statements. We are open to examination by the major taxing jurisdictions for the tax years that are within the statute of limitations for those jurisdictions. For further discussion related to tax reserves, see Note 13. “Income Taxes”.
Transactional-based Taxes	Transactional-based Taxes.
Noncontrolling Interests and Redeemable Noncontrolling Interests	Noncontrolling Interests and Redeemable Noncontrolling Interests. Noncontrolling interests represent the share of consolidated entities owned by third parties. We recognize each noncontrolling holder’s share of the fair value of the respective entity’s net assets as noncontrolling interest on our consolidated balance sheets at the date of formation or acquisition. Noncontrolling interest balances are adjusted for the noncontrolling holder’s share of additional contributions, distributions, and net earnings or losses. Partnership units which are contingently redeemable for cash are classified as redeemable noncontrolling interests and presented in the mezzanine section of the Company’s consolidated balance sheets between total liabilities and stockholder’s equity. Redeemable noncontrolling interests include amounts related to partnership units issued by consolidated subsidiaries of the Company in which redemption for equity is outside the control of the Company. The amounts of consolidated net income attributable to noncontrolling interests and redeemable noncontrolling interests are presented on the Company’s consolidated income statements as income (or loss) attributable to noncontrolling interests.
Revenue Recognition	Revenue Recognition. Rental and Other Services Revenue – We generate the majority of our revenue by leasing our properties to customers under operating lease agreements, which are accounted for under Accounting Standards Codification 842, Leases (“ASC 842”). We recognize the total minimum lease payments provided for under the leases on a straight-line basis over the lease term if we determine it is probable that substantially all of the lease payments will be collected over the lease term. We commence recognition of revenue from rentals at the date the property is ready for its intended use by the tenant and the tenant takes possession or controls the physical use of the leased asset. The excess of rents recognized as revenue over amounts contractually due pursuant to the underlying leases is included in Deferred rent, net on the consolidated balance sheet. Rental payments received in excess of revenue recognized are classified as Accounts payable and other accrued liabilities on the consolidated balance sheet. Unpaid rents that are contractually due are included in Accounts and other receivables, net on the consolidated balance sheet. We estimate the probability of collection of lease payments based on customer creditworthiness, outstanding accounts receivable balances, and historical bad debts – as well as current economic trends. If collection of substantially all lease payments over the lease term is not probable, rental revenue is recognized when payment is received, and we record a reduction to rental revenue equal to the balance of any deferred rent and rent receivable, less the balance of any security deposits or letters of credit. If collection is subsequently determined to be probable, we: (1) resume recognizing rental revenue on a straight-line basis, (2) record incremental revenue such that the cumulative amount recognized is equal to the amount that would have been recorded on a straight-line basis since inception of the lease, and (3) reverse the allowance for bad debt recorded on outstanding receivables. Generally, under the terms of our leases, the majority of our rental expenses, including common area maintenance, real estate taxes and insurance, are recovered from our customers. We record amounts reimbursable by customers (“tenant recoveries”) as revenue in the period the applicable expenses are incurred – which is generally on a ratable basis through the term of the lease. We account for and present rental revenue and tenant recoveries as a single component under rental and other services as the timing of recognition is the same, the pattern with which we transfer the right of use of the property and related services to the lessee are both on a straight-line basis and our leases qualify as operating leases. Interconnection services include port and cross-connect services generally provided on a month-to-month, one-year or multi-year term. We bill for these services on a monthly basis and recognize the revenue over the period the service is provided. Revenue for cross-connect installations is generally recognized in the period the cross-connect is installed. Interconnection services that are not specific to a particular leased space are accounted for under Topic 606 and have terms that are generally one year or less. Fee Income and Other – We utilize the practical expedient in ASC 842 that allows us to account for lease and non-lease components associated with each lease as a single lease component recorded within rental and other services, instead of accounting for such items separately under Accounting Standards Codification 606, Revenue (“ASC 606”). We recognize revenue for items that do not qualify for revenue recognition under ASC 842 under ASC 606. Revenue recognized as a result of applying ASC 606 was less than 10% of total rental and other services revenue for the years ended December 31, 2023, 2022 and 2021.
Transaction and Integration Expense	Transaction and Integration Expense. Transaction expenses include closing costs, broker commissions and other professional fees, including legal and accounting fees related to business combinations or acquisitions that were not consummated. Integration costs include transition costs associated with organizational restructuring (such as severance and retention payments and recruiting expenses), third-party consulting expenses directly related to the integration of acquired companies (in areas such as cost savings and synergy realization, technology and systems work), and internal costs such as training, travel and labor, reflecting time spent by Company personnel on integration activities and projects. Recurring costs are recorded in general and administrative expense.
Gains on Disposition of Properties	Gains on Disposition of Properties. We recognize gains on the disposition of real estate when the recognition criteria have been met, generally at the time the risks and rewards and title have transferred, and we no longer have control of the real estate sold. We recognize losses from the disposition of real estate when known.
New Accounting Pronouncements	New Accounting Pronouncements. Reference Rate Reform In March 2020, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standard Update (“ASU”) 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting The first practical expedient within the ASU allows companies to elect to not apply certain modification accounting requirements to debt, derivative, and lease contracts affected by reference rate reform if certain criteria are met. The second practical expedient allows companies to change the reference rate and other critical terms related to the reference rate reform in derivative hedge documentation without having to designate the hedging relationship – allowing companies to continue applying hedge accounting to existing cash flow and net investment hedges. The ASU was effective on a prospective basis beginning January 1, 2020 and may be elected over time as reference rate reform activities occur. We will continue to evaluate debt, derivative, and lease contracts that are modified in the future to ensure they are eligible for modification relief and apply the available practical expedients as needed. Also, in December 2022, the FASB issued ASU 2022-06, Deferral of the Sunset Date of Topic 848 Business Combinations Segment Reporting. Income Taxes. We determined that all other recently issued accounting pronouncements that have yet to be adopted by the Company will not have a material impact on our Consolidated Financial Statements or do not apply to our operations.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Dec. 31, 2023
Summary of Significant Accounting Policies
Schedule of property and equipment	Investments in Real Estate. Acquired ground leases Terms of the related lease Buildings and improvements 5-39 years Machinery and equipment 7-15 years Furniture and fixtures 3-5 years Leasehold improvements Shorter of the estimated useful lives or the terms of the related leases Tenant improvements Shorter of the estimated useful lives or the terms of the related leases

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
Business Combinations (Tables)	Dec. 31, 2023
Business Combinations
Summary of Provisional Fair Value of Assets and Liabilities Acquired	The following table summarizes the amounts recorded at the acquisition date (in thousands): Final Amounts Building and improvements $ 1,376,128 Construction in progress and space held for development 521,153 Operating lease right-of-use assets 2,784 Assumed cash and cash equivalents 5,528 Goodwill 1,625,994 Customer relationship value and other intangibles (weighted-average amortization life of 14 years) 720,126 Debt assumed (355,688) Operating lease liabilities (4,031) Deferred tax liabilities, net (632,841) Redeemable noncontrolling interests (1,530,090) Working capital assets, net 1,112 Total purchase consideration $ 1,730,175

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2023
Leases
Lessor Operating Minimum Lease Payments	(Amounts in thousands) Operating leases 2024 $ 2,896,757 2025 2,213,163 2026 1,797,304 2027 1,416,874 2028 1,164,093 Thereafter 3,676,797 Total $ 13,164,988
Operating Lease Maturity	Maturities of lease liabilities as of December 31, 2023 were as follows (in thousands): Operating Finance lease liabilities lease liabilities (1) 2024 $ 163,799 $ 21,899 2025 167,415 21,925 2026 167,687 21,867 2027 166,075 22,368 2028 158,538 91,771 Thereafter 1,110,512 212,979 Total undiscounted future cash flows 1,934,026 392,809 Less: Imputed interest (391,932) (77,631) Present value of undiscounted future cash flows $ 1,542,094 $ 315,178 (1) Included in accounts payable and other accrued liabilities on the consolidated balance sheet.
Finance Leases Maturity	Maturities of lease liabilities as of December 31, 2023 were as follows (in thousands): Operating Finance lease liabilities lease liabilities (1) 2024 $ 163,799 $ 21,899 2025 167,415 21,925 2026 167,687 21,867 2027 166,075 22,368 2028 158,538 91,771 Thereafter 1,110,512 212,979 Total undiscounted future cash flows 1,934,026 392,809 Less: Imputed interest (391,932) (77,631) Present value of undiscounted future cash flows $ 1,542,094 $ 315,178 (1) Included in accounts payable and other accrued liabilities on the consolidated balance sheet.

Receivables (Tables)

Receivables (Tables)	12 Months Ended
Receivables (Tables)	Dec. 31, 2023
Receivables
Schedule of accounts and other receivables, net is primarily comprised of contractual rents and other lease-related obligations	Balance as of Balance as of (Amounts in thousands): December 31, 2023 December 31, 2022 Accounts receivable – trade $ 694,252 $ 551,393 Allowance for doubtful accounts (41,204) (33,048) Accounts receivable – trade, net 653,048 518,345 Accounts receivable – customer recoveries 233,499 170,012 Value-added tax receivables 257,911 167,459 Accounts receivable – installation fees 65,203 60,663 Other receivables 68,449 52,813 Accounts and other receivables, net $ 1,278,110 $ 969,292
Schedule of deferred rent receivables	Balance as of Balance as of (Amounts in thousands): December 31, 2023 December 31, 2022 Deferred rent receivables $ 657,009 $ 612,439 Allowance for deferred rent receivables (32,582) (10,849) Deferred rent, net $ 624,427 $ 601,590

Investments in Properties (Tabl

Investments in Properties (Tables)	12 Months Ended
Investments in Properties (Tables)	Dec. 31, 2023
Investments in Properties
Schedule of Investments in Properties	A summary of our investments in properties is below (in thousands): Property Type As of December 31, 2023 As of December 31, 2022 Land $ 1,087,278 $ 1,061,408 Acquired ground lease 91 6,006 Buildings and improvements 25,388,788 24,287,103 Tenant improvements 830,211 781,540 27,306,368 26,136,057 Accumulated depreciation and amortization (7,823,685) (7,268,981) Investments in operating properties, net 19,482,683 18,867,076 Construction in progress and space held for development 4,635,215 4,789,134 Land held for future development 118,190 118,452 Investments in properties, net $ 24,236,088 $ 23,774,662

Acquisitions and Dispositions_2

Acquisitions and Dispositions of Properties (Tables)	12 Months Ended
Acquisitions and Dispositions of Properties (Tables)	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Schedule of acquisitions and dispositions of properties	The Company sold the following other real estate properties during the years ended December 31, 2023, 2022 and 2021: Date Sold / Gross Proceeds / Fair Value Gain on Sale / contribution Property Type Metro Area contributed (in millions) (in millions) Joint venture contributions Various 2023 $ 2,278.5 (1) $ 814.0 Non-core assets Various 2023 341.3 86.6 Non-core building Dallas Aug 8, 2022 203.0 174.0 Other Various 2022 2.8 2.8 European portfolio Various Mar 16, 2021 680.0 332.0 Other Various 2021 109.6 37.7
Digital Core REIT (DCRU)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Schedule of acquisitions and dispositions of properties	As a result of this transaction, the Company recognized a gain on sale of assets Cash received $ 919.1 Fair market value of retained investment in SREIT 521.4 Acquisition fees paid in Digital Core REIT units 13.0 Tax on acquisition fees (3.0) Net book value of assets contributed (439.3) Gain on disposition of properties $ 1,011.2

Investments in Unconsolidated_2

Investments in Unconsolidated Entities (Tables)	12 Months Ended
Investments in Unconsolidated Entities (Tables)	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

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
Goodwill (Tables)	Dec. 31, 2023
Goodwill
Schedule of Goodwill	The following is a summary of goodwill activity for the years ended December 31, 2023 and 2022 (in thousands): Balance as of Impact of Change Balance as of December 31, Goodwill in Foreign December 31, Merger / Portfolio Acquisition 2022 Acquisition Adjustments Exchange Rates 2023 Telx Acquisition $ 330,845 $ — $ — $ — $ 330,845 European Portfolio Acquisition 408,055 — 3,011 18,444 429,510 DFT Merger 2,592,147 — — — 2,592,147 Interxion Combination 4,288,208 — 4,843 118,806 4,411,857 Teraco Combination 1,576,704 — — (113,710) 1,462,994 Other Combination 12,538 — (20) — 12,518 Total $ 9,208,497 $ — $ 7,834 $ 23,540 $ 9,239,871 Balance as of Impact of Change Balance as of December 31, Goodwill in Foreign December 31, Merger / Portfolio Acquisition 2021 Acquisition Adjustments Exchange Rates 2022 Telx Acquisition $ 330,845 $ — $ — $ — $ 330,845 European Portfolio Acquisition 448,124 — — (40,069) 408,055 DFT Merger 2,592,147 — — — 2,592,147 Interxion Combination 4,547,153 — 5,409 (264,354) 4,288,208 Teraco Combination — 1,625,994 — (49,290) 1,576,704 Other Combination 19,171 — (6,633) — 12,538 Total $ 7,937,440 $ 1,625,994 $ (1,224) $ (353,713) $ 9,208,497

Acquired Intangible Assets an_2

Acquired Intangible Assets and Liabilities (Tables)	12 Months Ended
Acquired Intangible Assets and Liabilities (Tables)	Dec. 31, 2023
Acquired Intangible Assets and Liabilities
Summary of Acquired Intangible Assets and Liabilities	Balance as of December 31, 2023 December 31, 2022 (Amounts in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationship value $ 2,926,808 $ (952,943) $ 1,973,865 $ 3,327,765 $ (888,105) $ 2,439,660 Acquired in-place lease value 1,089,743 (859,167) 230,576 1,369,526 (1,041,631) 327,895 Other 108,744 (33,483) 75,261 94,829 (26,788) 68,041 Acquired above-market leases 153,205 (150,344) 2,861 264,071 $ (253,693) 10,378 Acquired below-market leases (273,951) 226,840 (47,111) (344,256) 255,821 (88,435)
Schedule of Estimated Annual Amortization of Acquired of Intangible Assets	(Amounts in thousands) Customer relationship value Acquired in-place lease value Other (1) Acquired above-market leases Acquired below-market leases 2024 $ 176,848 $ 51,381 $ 2,802 $ 1,327 $ (6,712) 2025 176,622 49,839 2,802 1,070 (6,560) 2026 175,981 48,012 2,802 357 (5,798) 2027 175,588 38,482 2,802 48 (5,182) 2028 153,143 18,563 2,817 46 (4,979) Thereafter 1,115,683 24,299 7,916 13 (17,880) Total $ 1,973,865 $ 230,576 $ 21,941 $ 2,861 $ (47,111) Remaining Contractual Life (in years) 14.3 4.5 2.1 6.9 (1) Excludes power grid rights in the amount of approximately $53.3 million that are currently not being amortized. Amortization of these assets will begin once the data centers associated with the power grid rights are placed into service.

Debt of the Operating Partner_2

Debt of the Operating Partnership (Tables)	12 Months Ended
Debt of the Operating Partnership (Tables)	Dec. 31, 2023
Debt of the Operating Partnership
Summary of Outstanding Indebtedness of the Operating Partnership	All debt is currently held by the OP or its consolidated subsidiaries, and the Parent is the guarantor or co-guarantor of the Global Revolving Credit Facility and the Yen Revolving Credit Facility, the unsecured term loans and the unsecured senior notes. A summary of outstanding indebtedness is as follows (in thousands): December 31, 2023 December 31, 2022 Weighted- Weighted- average Amount average Amount interest rate Outstanding interest rate Outstanding Global Revolving Credit Facilities 4.33 % $ 1,825,228 3.04 % $ 2,167,889 Unsecured term loans 4.76 % 1,567,925 2.49 % 802,875 Unsecured senior notes 2.24 % 13,507,427 2.44 % 13,220,961 Secured and other debt 8.07 % 637,072 7.12 % 532,130 Total 2.89 % $ 17,537,652 2.68 % $ 16,723,855
Schedule of Debt In Functional Currencies	We primarily borrow in the functional currencies of the countries where we invest. Included in the outstanding balances were borrowings denominated in the following currencies (in thousands, U.S. dollars): December 31, 2023 December 31, 2022 Amount Amount Denomination of Draw Outstanding % of Total Outstanding % of Total U.S. dollar ($) $ 2,784,875 15.9 % $ 3,855,903 23.1 % British pound sterling (£) 1,973,305 11.2 % 1,929,051 11.5 % Euro ( € 10,835,878 61.8 % 9,325,126 55.8 % Other 1,943,594 11.1 % 1,613,775 9.6 % Total $ 17,537,652 $ 16,723,855
Schedule of Debt Maturities and Principal Maturities	The table below summarizes our debt maturities and principal payments as of December 31, 2023 (in thousands): Global Revolving Unsecured Unsecured Secured and Credit Facilities (1)(2) Term Loans (3)(4) Senior Notes Other Debt Total Debt 2024 $ — $ — $ 980,615 $ 321 $ 980,936 2025 — 1,567,925 1,226,775 584 2,795,284 2026 1,825,228 — 1,513,519 110,791 3,449,538 2027 — — 1,178,269 218,511 1,396,780 2028 — — 2,101,950 293,775 2,395,725 Thereafter — — 6,506,299 13,090 6,519,389 Subtotal $ 1,825,228 $ 1,567,925 $ 13,507,427 $ 637,072 $ 17,537,652 Unamortized net discounts — — (33,324) (3,754) (37,078) Unamortized deferred financing costs (12,941) (7,620) (51,761) (2,345) (74,667) Total $ 1,812,287 $ 1,560,305 $ 13,422,342 $ 630,973 $ 17,425,907 (1) Includes amounts outstanding for the Global Revolving Credit Facilities. (2) The Global Revolving Credit Facilities are subject to two six-month extension options exercisable by us; provided that the Operating Partnership must pay a 0.0625% extension fee based on each lender’s revolving commitments then outstanding (whether funded or unfunded). (3) A €375.0 million senior unsecured term loan facility is subject to two maturity extension options of one year each, provided that the Operating Partnership must pay a 0.125% extension fee based on the then-outstanding principal amount of such facility commitments then outstanding. Our U.S. term loan facility of $740 million is subject to one twelve-month extension, provided that the Operating Partnership must pay a 0.1875% extension fee based on the then-outstanding principal amount of the term loans. (4) On January 9, 2024, we paid down $240 million on the U.S. term loan facility, leaving $500 million outstanding. The paydown will result in an early extinguishment charge of approximately $1.1 million during the three months ending March 31, 2024.
Schedule of Unsecured Senior Notes	The following table provides details of our unsecured senior notes (balances in thousands): Aggregate Principal Amount at Issuance Balance as of Borrowing Currency USD Maturity Date December 31, 2023 December 31, 2022 0.600% notes due 2023 (1) CHF 100,000 $ 108,310 Oct 02, 2023 $ — $ 108,121 2.625% notes due 2024 € 600,000 677,040 Apr 15, 2024 662,340 642,300 2.750% notes due 2024 £ 250,000 324,925 Jul 19, 2024 318,275 302,075 4.250% notes due 2025 £ 400,000 634,480 Jan 17, 2025 509,240 483,320 0.625% notes due 2025 € 650,000 720,980 Jul 15, 2025 717,535 695,825 2.500% notes due 2026 € 1,075,000 1,224,640 Jan 16, 2026 1,186,693 1,150,788 0.200% notes due 2026 CHF 275,000 298,404 Dec 15, 2026 326,826 297,331 1.700% notes due 2027 CHF 150,000 162,465 Mar 30, 2027 178,269 162,181 3.700% notes due 2027 (2) $ 1,000,000 1,000,000 Aug 15, 2027 1,000,000 1,000,000 5.550% notes due 2028 (2) $ 900,000 900,000 Jan 15, 2028 900,000 900,000 1.125% notes due 2028 € 500,000 548,550 Apr 09, 2028 551,950 535,250 4.450% notes due 2028 $ 650,000 650,000 Jul 15, 2028 650,000 650,000 0.550% notes due 2029 CHF 270,000 292,478 Apr 16, 2029 320,884 291,925 3.600% notes due 2029 $ 900,000 900,000 Jul 01, 2029 900,000 900,000 3.300% notes due 2029 £ 350,000 454,895 Jul 19, 2029 445,585 422,905 1.500% notes due 2030 € 750,000 831,900 Mar 15, 2030 827,925 802,875 3.750% notes due 2030 £ 550,000 719,825 Oct 17, 2030 700,205 664,565 1.250% notes due 2031 € 500,000 560,950 Feb 01, 2031 551,950 535,250 0.625% notes due 2031 € 1,000,000 1,220,700 Jul 15, 2031 1,103,900 1,070,500 1.000% notes due 2032 € 750,000 874,500 Jan 15, 2032 827,925 802,875 1.375% notes due 2032 € 750,000 849,375 Jul 18, 2032 827,925 802,875 $ 13,507,427 $ 13,220,961 Unamortized discounts, net of premiums (33,324) (37,280) Deferred financing costs, net (51,761) (63,648) Total unsecured senior notes, net of discount and deferred financing costs $ 13,422,342 $ 13,120,033 (1) Paid in full at maturity on October 2, 2023. (2) Subject to cross-currency swaps.

Earnings per Common Share or _2

Earnings per Common Share or Unit (Tables)	12 Months Ended
Earnings per Common Share or Unit (Tables)	Dec. 31, 2023
Earnings per Common Share or Unit
Summary of Basic and Diluted Earnings Per Share and Unit	The following is a summary of basic and diluted income per share/unit (in thousands, except per share/unit amounts): Digital Realty Trust, Inc. Earnings per Common Share Year Ended December 31, 2023 2022 2021 Numerator: Net income available to common stockholders $ 908,114 $ 336,960 $ 1,681,498 Plus: Loss attributable to redeemable noncontrolling interest (1) (18,093) 4,839 — Net income available to common stockholders - diluted EPS 926,207 332,121 1,681,498 Denominator: Weighted average shares outstanding—basic 298,603 286,334 282,475 Potentially dilutive common shares: Unvested incentive units 118 257 253 Unvested restricted stock 9 45 192 Forward equity offering 248 — — Market performance-based awards 112 103 302 Redeemable noncontrolling interest shares (1) 9,975 11,180 — Weighted average shares outstanding—diluted 309,065 297,919 283,222 Income per share: Basic $ 3.04 $ 1.18 $ 5.95 Diluted $ 3.00 $ 1.11 $ 5.94 Digital Realty Trust, L.P. Earnings per Unit Year Ended December 31, 2023 2022 2021 Numerator: Net income available to common unitholders $ 928,824 $ 345,060 $ 1,720,598 Plus: Loss attributable to redeemable noncontrolling interest (1) (18,093) 4,839 — Net income available to common unitholders - diluted EPS 946,917 340,221 1,720,598 Denominator: Weighted average units outstanding—basic 304,651 292,123 289,165 Potentially dilutive common units: Unvested incentive units 118 257 253 Unvested restricted units 9 45 192 Forward equity offering 248 — — Market performance-based awards 112 103 302 Redeemable noncontrolling interest shares (1) 9,975 11,180 — Weighted average units outstanding—diluted 315,113 303,708 289,912 Income per unit: Basic $ 3.05 $ 1.18 $ 5.95 Diluted $ 3.01 $ 1.12 $ 5.94
Schedule of Antidilutive Securities Excluded from Calculations	Year Ended December 31, 2023 2022 2021 Shares subject to Forward Equity Offering — — 6,250 Weighted average of Operating Partnership common units not owned by Digital Realty Trust, Inc. 6,048 5,789 6,691 Potentially dilutive Series C Cumulative Redeemable Perpetual Preferred Stock — — 541 Potentially dilutive Series J Cumulative Redeemable Preferred Stock 1,794 1,736 1,318 Potentially dilutive Series K Cumulative Redeemable Preferred Stock 1,887 1,825 1,386 Potentially dilutive Series L Cumulative Redeemable Preferred Stock 3,095 2,993 2,274 Total 12,824 12,343 18,460

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2023
Income Taxes
Schedule of Deferred Tax Assets and Liabilities	Deferred income tax assets and liabilities as of December 31, 2023 and 2022 were as follows (in thousands): 2023 2022 Gross deferred income tax assets: Net operating loss carryforwards $ 188,735 $ 175,935 Basis difference - real estate property 18,035 14,027 Basis difference - intangibles 7,744 7,682 Basis difference - equity investments — 5,694 Tax credit carryforward 2,056 — Other - temporary differences 180,316 132,578 Total gross deferred income tax assets 396,886 335,916 Valuation allowance (176,268) (125,491) Total deferred income tax assets, net of valuation allowance 220,618 210,425 Gross deferred income tax liabilities: Basis difference - real estate property 1,162,143 1,160,412 Basis difference - intangibles 190,607 219,653 Straight line rent 5,992 9,215 Other - temporary differences 6,750 5,744 Total gross deferred income tax liabilities 1,365,492 1,395,024 Net deferred income tax liabilities (1) $ 1,144,874 $ 1,184,599 (1) Net of deferred tax assets of $6.2 million and $8.2 million for the year ended December 31, 2023 and 2022, respectively.

Equity and Capital (Tables)

Equity and Capital (Tables)	12 Months Ended
Equity and Capital (Tables)	Dec. 31, 2023
Class of Stock
Schedule of stock by class	The Company has issued and outstanding the following series of cumulative redeemable preferred stock, which are governed by the articles supplementary for the applicable series of preferred stock as of December 31, 2023 and 2022 (in thousands, except for share cap and annual dividend rate). Total Annual Shares Outstanding as of Balance (net of issuance costs) Date(s) Initial Date to Liquidation Dividend December 31, as of December 31, Preferred Stock (1) Issued Redeem (2) Share Cap (3) Value (4) Rate (5) 2023 2022 2023 2022 5.250% Series J Cumulative Redeemable Preferred Stock Aug 7, 2017 Aug 7, 2022 0.4252100 $ 200,000 1.31250 8,000 8,000 $ 193,540 $ 193,540 5.850% Series K Cumulative Redeemable Preferred Stock Mar 13, 2019 Mar 13, 2024 0.4361100 210,000 1.46250 8,400 8,400 203,264 203,264 5.200% Series L Cumulative Redeemable Preferred Stock Oct 10, 2019 Oct 10, 2024 0.3851800 345,000 1.30000 13,800 13,800 334,886 334,886 $ 755,000 30,200 30,200 $ 731,690 $ 731,690 (1) All series of preferred stock do not have a stated maturity date and are not subject to any sinking fund or mandatory redemption provisions. Upon liquidation, dissolution or winding up, each series of preferred stock will rank senior to Digital Realty Trust, Inc. common stock and on parity with the other series of preferred stock. Holders of each series of preferred stock generally have no voting rights except for limited voting rights if Digital Realty Trust, Inc. fails to pay dividends for six or more quarterly periods (whether or not consecutive) and in certain other circumstances. (2) Except in limited circumstances, reflects earliest date that Digital Realty Trust, Inc. may exercise its option to redeem the preferred stock, at a redemption price of $25.00 per share, plus accrued and unpaid dividends up to but excluding the date of redemption. (3) Upon the occurrence of specified changes of control, as a result of which neither Digital Realty Trust, Inc.’s common stock nor the common securities of the acquiring or surviving entity (or American Depositary Receipts representing such securities) is listed on the New York Stock Exchange, the NYSE MKT, LLC or the NASDAQ Stock Market or listed or quoted on a successor exchange or quotation system, each holder of preferred stock will have the right (unless, prior to the change of control conversion date specified in the applicable Articles Supplementary governing the preferred stock, Digital Realty Trust, Inc. has provided or provides notice of its election to redeem the preferred stock) to convert some or all of the preferred stock held by it into a number of shares of Digital Realty Trust, Inc.’s common stock per share of preferred stock to be converted equal to the lesser of (i) the quotient obtained by dividing (a) the sum of the $25.00 liquidation preference plus the amount of any accrued and unpaid dividends to, but not including, the change of control conversion date (unless the change of control conversion date is after a record date for a preferred stock dividend payment and prior to the corresponding dividend payment date, in which case no additional amount for such accrued and unpaid dividend will be included in this sum) by (b) the common stock price specified in the applicable Articles Supplementary governing the preferred stock; and (ii) the Share Cap, subject to certain adjustments; subject, in each case, to provisions for the receipt of alternative consideration as described in the applicable Articles Supplementary governing the preferred stock. Except in connection with specified change of control transactions, the preferred stock is not convertible into or exchangeable for any other property or securities of Digital Realty Trust, Inc. (4) Liquidation preference is $25.00 per share. (5) Dividends on preferred shares are cumulative and payable quarterly in arrears.
Ownership Interest In The Operating Partnership	Noncontrolling interests in the Operating Partnership relate to the proportion of entities consolidated by the Company that are owned by third parties. The following table shows the ownership interest in the Operating Partnership as of December 31, 2023 and 2022: December 31, 2023 December 31, 2022 Number of Percentage of Number of Percentage of (Units in thousands) units total units total Digital Realty Trust, Inc. 311,608 98.0 % 291,148 97.9 % Noncontrolling interests consist of: Common units held by third parties 4,343 1.3 % 4,375 1.5 % Incentive units held by employees and directors (see Note 16. "Incentive Plans") 2,106 0.7 % 1,914 0.6 % 318,057 100.0 % 297,437 100.0 %
Summary of Activity for Noncontrolling Interests in the Operating Partnership	The following table shows activity for the noncontrolling interests in the Operating Partnership for the years ended December 31, 2023 and 2022: (Units in thousands) Common Units Incentive Units Total As of December 31, 2021 4,389 1,542 5,931 Redemption of common units for shares of Digital Realty Trust, Inc. common stock (1) (14) — (14) Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock (1) — (22) (22) Incentive units issued upon achievement of market performance condition — 221 221 Grant of incentive units to employees and directors — 170 170 Cancellation / forfeitures of incentive units held by employees and directors — 3 3 As of December 31, 2022 4,375 1,914 6,289 Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock (1) (32) (80) (112) Incentive units issued upon achievement of market performance condition — 142 142 Grant of incentive units to employees and directors — 171 171 Cancellation / forfeitures of incentive units held by employees and directors — (41) (41) As of December 31, 2023 4,343 2,106 6,449 (1) These redemptions and conversions were recorded as a reduction to noncontrolling interests in the Operating Partnership and an increase to common stock and additional paid in capital based on the book value per unit in the accompanying consolidated balance sheets of Digital Realty Trust, Inc.
Schedule of Dividends and Distributions	Dividends and Distributions Digital Realty Trust, Inc. Dividends We have declared and paid the following dividends on our common and preferred stock for the years ended December 31, 2023, 2022 and 2021 (in thousands, except per share data): Series C Series J Series K Series L Preferred Preferred Preferred Preferred Common Date dividend declared Dividend payment date Stock Stock Stock Stock Stock February 25, 2021 March 31, 2021 $ 3,333 $ 2,625 $ 3,071 $ 4,485 $ 326,965 (2) May 10, 2021 June 30, 2021 — (1) 2,625 3,071 4,485 328,279 (2) August 11, 2021 September 30, 2021 — 2,625 3,071 4,485 329,720 (2) November 18, 2021 December 31, 2021 for Preferred Stock; January 14, 2022 for Common Stock — 2,625 3,071 4,485 329,772 (2) $ 3,333 $ 10,500 $ 12,284 $ 17,940 $ 1,314,736 March 3, 2022 March 31, 2022 $ — $ 2,625 $ 3,071 $ 4,485 $ 348,025 (3) May 24, 2022 June 30, 2022 — 2,625 3,071 4,485 348,077 (3) August 17, 2022 September 30, 2022 — 2,625 3,071 4,485 351,410 (3) November 29, 2022 December 31, 2022 for Preferred Stock; January 13, 2023 for Common Stock — 2,625 3,071 4,485 355,832 (3) $ — $ 10,500 $ 12,284 $ 17,940 $ 1,403,344 February 22, 2023 March 31, 2023 $ — $ 2,625 $ 3,071 $ 4,485 $ 356,214 (3) May 24, 2023 June 30, 2023 — 2,625 3,071 4,485 365,937 (3) August 8, 2023 September 29, 2023 — 2,625 3,071 4,485 370,278 (3) November 28, 2023 December 29, 2023 for Preferred Stock; January 19, 2024 for Common Stock — 2,625 3,071 4,485 380,019 (3) $ — $ 10,500 $ 12,284 $ 17,940 $ 1,472,448 Annual rate of dividend per share $ 1.65625 $ 1.31250 $ 1.46250 $ 1.30000 $ 4.88000 (1) Redeemed on May 17, 2021 for $ 25.211632 per share, or a redemption price of $25.00 per share, plus accrued and unpaid dividends up to but not including the redemption date. The transaction resulted in a gain on redemption of $18.0 million, measured as the difference between the cash consideration paid upon redemption, which was $201.3 million and the carrying value of the preferred stock at the time of the redemption, which was $219.3 million. This amount is reflected as gain on redemption of preferred stock which increased net income available to common stockholders. (2) $4.640 annual rate of dividend per share. (3) $4.880 annual rate of dividend per share.
Digital Realty Trust, L.P.
Class of Stock
Schedule of Dividends and Distributions	Digital Realty Trust, L.P. Distributions All distributions on the Operating Partnership’s units are at the discretion of Digital Realty Trust, Inc.’s Board of Directors. The table below shows the distributions declared and paid by the Operating Partnership on its common and preferred units for the years ended December 31, 2023, 2022 and 2021, (in thousands, except for per unit data): Series C Series J Series K Series L Preferred Preferred Preferred Preferred Common Date distribution declared Distribution payment date Units Units Units Units Units February 25, 2021 March 31, 2021 $ 3,333 $ 2,625 $ 3,071 $ 4,485 $ 336,041 (2) May 10, 2021 June 30, 2021 — (1) 2,625 3,071 4,485 336,543 (2) August 11, 2021 September 30, 2021 — 2,625 3,071 4,485 337,447 (2) November 18, 2021 December 31, 2021 for Preferred Units; January 14, 2022 for Common Units — 2,625 3,071 4,485 337,476 (2) $ 3,333 $ 10,500 $ 12,284 $ 17,940 $ 1,347,507 March 3, 2022 March 31, 2022 $ — $ 2,625 $ 3,071 $ 4,485 $ 355,812 (3) May 24, 2022 June 30, 2022 — 2,625 3,071 4,485 355,885 (3) August 17, 2022 September 30, 2022 — 2,625 3,071 4,485 359,207 (3) November 29, 2022 December 31, 2022 for Preferred Units; January 13, 2023 for Common Units — 2,625 3,071 4,485 363,616 (3) $ — $ 10,500 $ 12,284 $ 17,940 $ 1,434,520 February 22, 2023 March 31, 2023 $ — $ 2,625 $ 3,071 $ 4,485 $ 364,204 (3) May 24, 2023 June 30, 2023 — 2,625 3,071 4,485 373,833 (3) August 8, 2023 September 29, 2023 — 2,625 3,071 4,485 378,352 (3) November 28, 2023 December 29, 2023 for Preferred Units; January 19, 2024 for Common Units — 2,625 3,071 4,485 387,988 (3) $ — $ 10,500 $ 12,284 $ 17,940 $ 1,504,377 Annual rate of distribution per unit $ — $ 1.31250 $ 1.46250 $ 1.30000 $ 4.88000 (1) Redeemed on May 17, 2021 for $ 25.211632 per unit, or a redemption price of $25.00 per unit, plus accrued and unpaid distributions up to but not including the redemption date. The transaction resulted in a gain on redemption of $18.0 million, measured as the difference between the cash consideration paid upon redemption, which was $201.3 million and the carrying value of the preferred stock at the time of the redemption, which was $219.3 million. This amount is reflected as gain on redemption of preferred stock which increased net income available to common unitholders. (2) $4.640 annual rate of distribution per unit. (3) $4.880 annual rate of distribution per unit.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss), Net (Tables)	12 Months Ended
Accumulated Other Comprehensive Income (Loss), Net (Tables)	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net.
Schedule of Accumulated Other Comprehensive Income (Loss), Net	Digital Realty Trust, Inc. Foreign currency Increase (decrease) in Accumulated other translation fair value of derivatives, comprehensive adjustments net of reclassification income (loss), net Balance as of December 31, 2021 $ (212,653) $ 38,773 $ (173,880) Net current period change (323,366) (98,552) (421,918) Balance as of December 31, 2022 $ (536,019) $ (59,779) $ (595,798) Net current period change (102,564) (53,031) (155,595) Balance as of December 31, 2023 $ (638,583) $ (112,810) $ (751,393) Digital Realty Trust, L.P. Foreign currency Increase (decrease) in Accumulated other translation fair value of derivatives, comprehensive adjustments net of reclassification income (loss) Balance as of December 31, 2021 $ (219,882) $ 38,437 $ (181,445) Net current period change (331,131) (100,847) (431,978) Balance as of December 31, 2022 $ (551,013) $ (62,410) $ (613,423) Net current period change (105,050) (54,195) (159,245) Balance as of December 31, 2023 $ (656,063) $ (116,605) $ (772,668)

Incentive Plans (Tables)

Incentive Plans (Tables)	12 Months Ended
Incentive Plans (Tables)	Dec. 31, 2023
Incentive Plans
Market Performance Based Awards	Market Performance RMS Relative Vesting Level Market Performance Percentage Below Threshold Level ≤ -500 basis points 0 % Threshold Level -500 basis points 25 % Target Level 0 basis points 50 % High Level ≥ 500 basis points 100 %
Schedule of Valuation Assumptions	Expected Stock Price Risk-Free Interest Award Date Volatility rate January 1, 2021 27 % 0.17 % February 25, 2021 26 % 0.31 % January 1, 2022 26 % 0.97 % January 1, 2023 32 % 4.18 %
Schedule of compensation expense and unearned compensation	Below is a summary of compensation expense and unearned compensation (in millions): Expected period to Deferred Compensation Unearned Compensation recognize Expensed Capitalized As of As of unearned Year Ended December 31, December 31, December 31, compensation Type of incentive award 2023 2022 2021 2023 2022 2021 2023 2022 (in years) Long-term incentive units $ 14.5 $ 21.7 $ 15.4 $ 0.2 $ 0.2 $ 0.2 $ 16.6 $ 20.7 2.1 Performance-based awards 12.9 21.4 23.9 0.2 0.5 0.7 19.9 30.3 2.0 Service-based restricted stock units 21.1 25.9 23.2 7.5 5.4 3.3 66.4 55.4 2.5 Interxion awards 6.0 4.7 17.7 0.1 — — — 1.9 —
Schedule of weighted average fair value	Weighted Average Fair Value at Date of Grant Type of incentive award 2023 2022 2021 Long-term incentive units $ 121.99 $ 146.37 $ 132.66 Performance-based awards 97.06 154.26 137.69 Restricted stock 132.07 131.57 129.52
Summary of Long-Term Incentive Unit Activity	Weighted-Average Weighted-Average Aggregate Grant Date Fair Remaining Contractual Intrinsic Value (1) Unvested LTIP Units Units Value Life (Years) (in thousands) Unvested, beginning of period 279,258 $ 146.37 Granted 180,535 104.82 Vested (181,182) 136.39 Cancelled or expired (40,251) 149.36 Unvested, end of period 238,360 $ 121.99 1.96 $ 32,078 (1) The intrinsic value is calculated based on the market value of our common stock as of December 31, 2023.
Summary of Restricted Stock Activity	Weighted-Average Weighted-Average Aggregate Grant Date Fair Remaining Contractual Intrinsic Value (1) Unvested Restricted Stock Units Shares Value Life (Years) (in thousands) Unvested, beginning of period 507,837 $ 131.57 Granted 568,671 122.25 Vested (371,232) 119.87 Cancelled or expired (83,413) 116.39 Unvested, end of period 621,863 $ 132.07 2.47 $ 83,690 (1) The intrinsic value is calculated based on the market value of our common stock as of December 31, 2023.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
Derivative Instruments (Tables)	Dec. 31, 2023
Derivative Instruments
Schedule of effective portion of gains and losses on derivative instruments	Year Ended December 31, 2023 2022 2021 Cross-currency interest rate swaps (included component) (1) $ 22,703 $ 116,550 $ — Cross-currency interest rate swaps (excluded component) (2) 25,428 (7,929) — Total $ 48,131 $ 108,621 $ — Location of Year Ended December 31, gain or (loss) 2023 2022 2021 Cross-currency interest rate swaps (excluded component) (2) Interest expense $ 21,836 $ 6,260 $ — (2) Included component represents foreign exchange spot rates. (3) Excluded component represents cross-currency basis spread and interest rates.
Schedule of effect of cash flow hedges on accumulated other comprehensive income and the consolidated income statements	The effect of these cash flow hedges on accumulated other comprehensive loss and the consolidated income statements for the years ended December 31, 2023, 2022 and 2021, was as follows (in thousands): Year Ended December 31, 2023 2022 2021 Interest rate swaps $ 7,221 $ (7,774) $ (2,582) Location of Year Ended December 31, gain or (loss) 2023 2022 2021 Interest rate swaps Interest expense $ 10,953 $ 819 $ (1,304)
Schedule of fair value of derivative instruments in Balance sheets	December 31, 2023 December 31, 2022 Assets (1) Liabilities (2) Assets (1) Liabilities (2) Cross-currency interest rate swaps $ — $ 156,753 $ — $ 108,621 Interest rate swaps 8,538 — 17,120 252 $ 8,538 $ 156,753 $ 17,120 $ 108,873 (1) As presented in our consolidated balance sheets within Other assets. (2) As presented in our consolidated balance sheets within Accounts payable and other Accrued liabilities.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
Fair Value of Financial Instruments (Tables)	Dec. 31, 2023
Fair Value of Financial Instruments
Estimated Fair Value And Carrying Amounts	The aggregate estimated fair value and carrying value of our Global Revolving Credit Facilities, Euro Term Loan Facilities and USD Term Loan Facility, unsecured senior notes and secured and other debt as of the respective periods is shown below (in thousands): Categorization As of December 31, 2023 As of December 31, 2022 under the fair value Estimated Fair Estimated Fair hierarchy Value Carrying Value Value Carrying Value Global Revolving Credit Facilities (1) Level 2 $ 1,825,228 $ 1,825,228 $ 2,167,889 $ 2,167,889 Unsecured term loans (1) Level 2 1,567,925 1,567,925 802,875 802,875 Unsecured senior notes (2) Level 2 12,417,619 13,507,427 11,331,989 13,220,961 Secured and other debt (2) Level 2 625,473 637,072 517,226 532,130 $ 16,436,245 $ 17,537,652 $ 14,819,979 $ 16,723,855 (1) The carrying value of our Global Revolving Credit Facilities and unsecured term loans approximates estimated fair value, due to the variability of interest rates and the stability of our credit ratings. (2) Valuations for our unsecured senior notes and secured and other debt are determined based on the expected future payments discounted at risk-adjusted rates and quoted market prices.

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	12 Months Ended
Supplemental Cash Flow Information (Tables)	Dec. 31, 2023
Supplemental Cash Flow Information
Schedule of cash, cash equivalents, and restricted cash	Balance as of (Amounts in thousands) December 31, 2023 December 31, 2022 December 31, 2021 Cash and cash equivalents $ 1,625,495 $ 141,773 $ 142,698 Restricted cash (included in Other assets) 10,975 8,923 8,787 Total $ 1,636,470 $ 150,696 $ 151,485

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	12 Months Ended
Segment and Geographic Information (Tables)	Dec. 31, 2023
Segment and Geographic Information
Schedule of Investment and operating revenues of geographical areas	Operating Revenues Year Ended December 31, (Amounts in millions) 2023 2022 2021 Inside the United States $ 2,836.0 $ 2,760.4 $ 2,769.5 Outside the United States 2,641.1 1,931.4 1,658.4 Revenue Outside of U.S. % 48.2 % 41.2 % 37.5 % Investments in Properties, net Operating lease right-of-use assets, net As of December 31, As of December 31, (Amounts in millions) 2023 2022 2023 2022 Inside the United States $ 10,429.1 $ 11,517.3 $ 610.2 $ 647.0 Outside the United States 13,806.9 12,257.4 804.0 704.3 Net Assets in Foreign Operations $ 6,778.4 $ 6,330.2

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Cash, Cash Equivalents and Restricted Cash (Details)	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies
Period in which short-term investment become cash equivalents	90 days

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - PPE (Details)	Dec. 31, 2023
Machinery and Equipment \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	7 years
Machinery and Equipment \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	15 years
Furniture and Fixtures \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	3 years
Furniture and Fixtures \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	5 years
Buildings and Improvements \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	5 years
Buildings and Improvements \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	39 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Summary of Significant Accounting Policies
Capitalized deferred leasing cost	$ 43.1	$ 51.8	$ 42.8
Deferred leasing costs	220.5	257
Accumulated amortization, deferred leasing costs and intangibles	558.3	514.3
Amortization expense on deferred leasing costs	$ 76.8	$ 79.2	$ 83.4

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Goodwill and Other Acquired Intangible Assets (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) segment item
Summary of Significant Accounting Policies
Number of reportable segments \| segment	1
Number of reporting units \| item	1
Indefinite-lived intangible assets other than goodwill \| $	$ 0

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Derivative Instruments (Details) $ in Millions	Dec. 31, 2023 USD ($) derivative
Summary Of Significant Accounting Policies [Line Items]
Total outstanding principle balance \| $	$ 545
Interest Rate Swap
Summary Of Significant Accounting Policies [Line Items]
Derivatives in liability positions	0
Foreign Exchange Forward
Summary Of Significant Accounting Policies [Line Items]
Derivatives in asset positions	0
Foreign-currency transaction
Summary Of Significant Accounting Policies [Line Items]
Number of derivatives held	0

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Revenue Recognition and Gains (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
ASU 2014-09
Summary Of Significant Accounting Policies [Line Items]
Revenue recognized as a percent of total revenue	10%	10%	10%

Business Combinations - Narrati

Business Combinations - Narrative (Details) - USD ($) $ in Thousands		2 Months Ended	3 Months Ended	12 Months Ended
	Aug. 01, 2022	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill.			$ 9,208,497	$ 9,239,871	$ 9,208,497	$ 7,937,440
Teraco
Business Acquisition [Line Items]
Percentage of interest acquired	61.10%
Total purchase consideration	$ 1,730,175
Goodwill.	$ 1,625,994		1,576,704	$ 1,462,994	1,576,704
Period for right to sell all or a portion of interest to company, beginning on February 1, 2026 (in years)	2 years			2 years
Right to purchase all or a portion of the Remaining Teraco Interest from the Rollover Shareholders beginning on February 1, 2028 (in years)	1 year
Net loss associated with properties acquired				$ 18,100	$ 4,800
Adjustments made, net income attributable to Digital Realty Trust, Inc. to the extent the redemption value exceeds the fair value		$ 0	$ 0
Teraco \| Scenario
Business Acquisition [Line Items]
Percentage of interest acquired	55%
the Trust
Business Acquisition [Line Items]
Percentage of interest acquired	12%

Business Combinations - Amounts

Business Combinations - Amounts Recorded at the Teraco Acquisition Date (Details) - USD ($) $ in Thousands	Aug. 01, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Operating lease right-of-use assets		$ 1,414,256	$ 1,351,329
Goodwill		9,239,871	9,208,497	$ 7,937,440
Teraco
Business Acquisition [Line Items]
Building and improvements	$ 1,376,128
Construction in progress and space held for development	521,153
Operating lease right-of-use assets	2,784
Assumed cash and cash equivalents	5,528
Goodwill	1,625,994	$ 1,462,994	$ 1,576,704
Customer relationship value and other intangibles (weighted-average amortization life of 14 years)	720,126
Debt assumed	(355,688)
Operating lease liabilities	(4,031)
Deferred tax liabilities, net	(632,841)
Redeemable noncontrolling interests	(1,530,090)
Working capital assets, net	1,112
Total purchase consideration	$ 1,730,175
Teraco \| Customer relationships and other intangibles
Business Acquisition [Line Items]
Expected average remaining lives (in years)	14 years

Leases - Summary of minimum lea

Leases - Summary of minimum lease payments operating leases (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Future Minimum Payments Receivable on Operating Leases
2024	$ 2,896,757
2025	2,213,163
2026	1,797,304
2027	1,416,874
2028	1,164,093
Thereafter	3,676,797
Total	$ 13,164,988

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	12 Months Ended
Leases - Narrative (Details) $ in Millions	Dec. 31, 2023 USD ($) customer	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Leases
Rent expense \| $	$ 153.2	$ 144	$ 145.7
Weighted average remaining lease term, operating lease	13 years
Weighted average remaining lease term, finance lease	14 years
Largest customer accounting for revenue base, percentage	10%
Number of customers that makes up more than 6% of our total revenue \| customer	0
No other individual customer makes up more than (percent of total revenue)	6%
Incremental borrowing rate, operating lease	3.40%
Incremental borrowing rate, finance lease	2%

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating lease liabilities
2024	$ 163,799
2025	167,415
2026	167,687
2027	166,075
2028	158,538
Thereafter	1,110,512
Total undiscounted future cash flows	1,934,026
Less: Imputed interest	(391,932)
Present value of undiscounted future cash flows	$ 1,542,094	$ 1,471,044
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accounts Payable and Accrued Liabilities
Finance lease liabilities
2024	$ 21,899
2025	21,925
2026	21,867
2027	22,368
2028	91,771
Thereafter	212,979
Total undiscounted future cash flows	392,809
Less: Imputed interest	(77,631)
Present value of undiscounted future cash flows	$ 315,178
Finance Lease, Liability, Statement of Financial Position [Extensible List]	Accounts Payable and Accrued Liabilities

Receivables - Accounts and Othe

Receivables - Accounts and Other Receivables, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Receivables
Accounts receivable - trade	$ 694,252	$ 551,393
Allowance for doubtful accounts	(41,204)	(33,048)
Accounts receivable - trade, net	653,048	518,345
Accounts receivable - customer recoveries	233,499	170,012
Value-added tax receivables	257,911	167,459
Accounts receivable - installation fees	65,203	60,663
Other receivables	68,449	52,813
Accounts and other receivables, net	$ 1,278,110	$ 969,292

Receivables - Deferred rent, ne

Receivables - Deferred rent, net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Receivables
Deferred rent receivables	$ 657,009	$ 612,439
Allowance for deferred rent receivables	(32,582)	(10,849)
Deferred rent, net	$ 624,427	$ 601,590

Investments in Properties (Deta

Investments in Properties (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments in Properties
Land	$ 1,087,278	$ 1,061,408
Acquired ground lease	91	6,006
Buildings and improvements	25,388,788	24,287,103
Tenant improvements	830,211	781,540
Total investments in operating properties	27,306,368	26,136,057
Accumulated depreciation and amortization	(7,823,685)	(7,268,981)
Investments in operating properties, net	19,482,683	18,867,076
Construction in progress and space held for development	4,635,215	4,789,134
Land held for future development	118,190	118,452
Investments in properties, net	$ 24,236,088	$ 23,774,662

Investments in Properties - Add

Investments in Properties - Additional Information (Details) - Data Center Joint Venture $ in Millions	1 Months Ended
	Dec. 31, 2023 USD ($) item
Schedule of Equity Method Investments [Line Items]
Joint venture amount	$ 7,000
The number of hyperscale data center campuses develop through joint venture \| item	4
Assets Held For Sale
Schedule of Equity Method Investments [Line Items]
Carrying value of real estate held-for-sale	$ 478.5
Obligations Associated With Assets Held For Sale
Schedule of Equity Method Investments [Line Items]
Carrying value of real estate held-for-sale	39
Blackstone Inc.
Schedule of Equity Method Investments [Line Items]
Joint venture amount	$ 7,000
The number of hyperscale data center campuses develop through joint venture \| item	4

Acquisitions and Dispositions_3

Acquisitions and Dispositions of Properties - Disposition of Properties to Digital Core REIT (Details)				3 Months Ended
	Dec. 13, 2022 USD ($)	Aug. 08, 2022	Dec. 06, 2021 USD ($) property	Mar. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]		Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
Ownership interest in DCRU operating properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage of retained investment in properties			10%
Ownership interest in operating properties			10%
Data center facility in Frankfurt, Germany
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposition of properties	$ 0
Ownership interest held in operating properties sold	25%
Consideration on sale of ownership	$ 146,000,000
Amount loaned to the consolidated subsidiary that owns the data center	$ 79,800,000
Digital Core REIT (DCRU)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash received			$ 919,100,000
Fair market value of retained investment in SREIT			521,400,000
Acquisition fees paid in Digital Core REIT units			13,000,000
Tax on acquisition fees			3,000,000
Net book value of assets contributed			439,300,000
Gain on disposition of properties			$ 1,011,200,000
Digital Core REIT (DCRU) \| Ownership interest in DCRU operating properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties, classified as held for sale \| property			10
Cash received			$ 919,000,000
Fair market value of retained investment in SREIT			1,400,000,000
Acquisition fees paid in Digital Core REIT units			$ 13,000,000
Percentage of retained investment in properties			10%
Ownership interest in operating properties			39.40%

Acquisitions and Dispositions_4

Acquisitions and Dispositions of Properties - Disposition of Other Properties (Details) $ in Millions				3 Months Ended	12 Months Ended
	Aug. 08, 2022 USD ($)	Dec. 06, 2021	Mar. 16, 2021 USD ($) property	Mar. 31, 2021 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]	Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property		Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
Disposal Group, Held-for-sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]					Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
Non-core building in Dallas
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Proceeds	$ 203
Gain on sale	174
Non-core building in Dallas \| Disposal Group, Held-for-sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Proceeds	203
Gain on sale	$ 174
Joint venture contributions \| Disposal Group, Held-for-sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Proceeds					$ 2,278.5
Gain on sale					814
Non-core assets
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale					87
Net proceeds on sale of real estate					341
Non-core assets \| Disposal Group, Held-for-sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Proceeds					341.3
Gain on sale					$ 86.6
European Portfolio \| Disposal Group, Held-for-sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Proceeds			$ 680
Gain on sale			$ 332
European Portfolio \| Data Centers
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties, classified as held for sale \| property			11
European Portfolio \| Data Centers \| Disposal Group, Held-for-sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Proceeds				$ 680
Gain on sale				$ 332
Other \| Disposal Group, Held-for-sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Proceeds						$ 2.8	$ 109.6
Gain on sale						$ 2.8	$ 37.7
Great Britain \| European Portfolio \| Data Centers
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties, classified as held for sale \| property			4
Netherlands \| European Portfolio \| Data Centers
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties, classified as held for sale \| property			3
France \| European Portfolio \| Data Centers
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties, classified as held for sale \| property			3
Switzerland \| European Portfolio \| Data Centers
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties, classified as held for sale \| property			1

Acquisitions and Dispositions_5

Acquisitions and Dispositions of Properties - Additional Information (Details) $ in Millions						12 Months Ended
	Jan. 12, 2024 USD ($)	Nov. 10, 2023 USD ($) item property	Jul. 25, 2023 USD ($) property	Jul. 23, 2023 USD ($) property	Jul. 13, 2023 USD ($) property	Dec. 31, 2023 USD ($) item
Non-core assets
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Real estate property \| item						3
Gross proceeds						$ 341
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal						$ 87
Ownership interest in DCRU operating properties \| Hyperscale data center buildings in the Chicago metro area
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership percentage in joint ventures					35%
Ownership interest in DCRU operating properties \| Hyperscale data center buildings in the Northern Virginia
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership percentage in joint ventures		20%	20%
Ownership interest in DCRU operating properties \| Subsequent Event \| Hyperscale data center buildings in the Chicago metro area
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership percentage in joint ventures	20%
Joint Venture With Realty Income
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage of ownership Interest in partnership		80%
Number Of Properties Sold \| property		2
Proceeds from Partnership Contribution		$ 148
Development cost		150
Purchase Price		$ 185
Joint Venture With Realty Income \| Hyperscale data center buildings in the Northern Virginia
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage of ownership Interest in partnership		80%
Proceeds from Partnership Contribution		$ 148
Number of data centers \| item		2
Pre leased		100%
Development cost		$ 150
Purchase Price		$ 185
Joint Venture with TPG Real Estate \| Hyperscale data center buildings in the Northern Virginia
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number Of Properties Sold \| property			3
Proceeds from Partnership Contribution			$ 1,400
Gain on disposition			$ 576,000
Percentage of interest in property sold			80%
Purchase Price			$ 1,500
Gross Proceeds			$ 1,400
Joint Venture with GI Partners \| Hyperscale data center buildings in the Chicago metro area
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage of ownership Interest in partnership				65%	65%
Number Of Properties Sold \| property				2	2
Proceeds from Partnership Contribution				$ 700	$ 700
Call option to increase their ownership interest in the joint venture					80%
Gain on disposition					$ 238
Purchase Price				$ 900
Joint Venture with GI Partners \| Subsequent Event \| Hyperscale data center buildings in the Chicago metro area
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage of ownership Interest in partnership	80%
Additional cash contribution by Joint Venture partner	$ 68
Percentage of Interest Acquired in Joint Venture	15%

Investments in Unconsolidated_3

Investments in Unconsolidated Entities - Equity Method of Accounting Presented in our Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Nov. 10, 2023	Dec. 31, 2022
Realty Income
Schedule of Equity Method Investments [Line Items]
% Ownership		20%
Digital Core REIT
Schedule of Equity Method Investments [Line Items]
% Ownership	36%
Unconsolidated Joint Ventures
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures	$ 2,295,889		$ 1,991,426
Unconsolidated Joint Ventures \| Unconsolidated Joint Ventures in Americas
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures	1,363,226		951,331
Unconsolidated Joint Ventures \| Unconsolidated Joint Ventures in APAC
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures	569,996		543,521
Unconsolidated Joint Ventures \| Unconsolidated Joint Ventures in EMEA
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures	28,334		31,559
Unconsolidated Joint Ventures \| Unconsolidated Joint Ventures in Global
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures	$ 334,333		$ 465,015
Unconsolidated Joint Ventures \| Clise
Schedule of Equity Method Investments [Line Items]
% Ownership	50%
Unconsolidated Joint Ventures \| Colovore
Schedule of Equity Method Investments [Line Items]
% Ownership	17%
Unconsolidated Joint Ventures \| GI Partners
Schedule of Equity Method Investments [Line Items]
% Ownership	35%
Unconsolidated Joint Ventures \| Mapletree
Schedule of Equity Method Investments [Line Items]
% Ownership	20%
Unconsolidated Joint Ventures \| Menlo
Schedule of Equity Method Investments [Line Items]
% Ownership	20%
Unconsolidated Joint Ventures \| Realty Income
Schedule of Equity Method Investments [Line Items]
% Ownership	20%
Unconsolidated Joint Ventures \| TPG Real Estate
Schedule of Equity Method Investments [Line Items]
% Ownership	20%
Unconsolidated Joint Ventures \| Walsh
Schedule of Equity Method Investments [Line Items]
% Ownership	85%
Unconsolidated Joint Ventures \| Digital Connexion
Schedule of Equity Method Investments [Line Items]
% Ownership	33%
Unconsolidated Joint Ventures \| Lumen
Schedule of Equity Method Investments [Line Items]
% Ownership	50%
Unconsolidated Joint Ventures \| MC Digital Realty
Schedule of Equity Method Investments [Line Items]
% Ownership	50%
Unconsolidated Joint Ventures \| Medallion
Schedule of Equity Method Investments [Line Items]
% Ownership	60%
Unconsolidated Joint Ventures \| Mivne
Schedule of Equity Method Investments [Line Items]
% Ownership	50%
Unconsolidated Joint Ventures \| Digital Core REIT
Schedule of Equity Method Investments [Line Items]
% Ownership	43%

Investments in Unconsolidated_4

Investments in Unconsolidated Entities - Narrative (Details) $ / shares in Units, shares in Millions, $ in Millions						3 Months Ended	12 Months Ended
	Jan. 12, 2024 USD ($)	Nov. 10, 2023 USD ($) item property	Jul. 25, 2023 USD ($) property	Jul. 23, 2023 USD ($) property	Jul. 13, 2023 USD ($) property	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) property $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
Realty Income
Schedule of Equity Method Investments [Line Items]
Number of properties sold \| property		2
Purchase Price		$ 185
Proceeds from partnership contribution		$ 148
Percentage of interest in partnership		80%
Remaining development cost to be funded by each partner in pro rata share		$ 150
Realty Income \| Hyperscale data center buildings in the Northern Virginia
Schedule of Equity Method Investments [Line Items]
Purchase Price		185
Proceeds from partnership contribution		$ 148
Percentage of interest in partnership		80%
Remaining development cost to be funded by each partner in pro rata share		$ 150
Number Of Data Centers \| item		2
TPG Real Estate Joint Venture \| Hyperscale data center buildings in the Northern Virginia
Schedule of Equity Method Investments [Line Items]
Number of properties sold \| property			3
Purchase Price			$ 1,500
Proceeds from partnership contribution			1,400
Fair value of the retained interest			$ 121
GI Partners Joint Venture \| Hyperscale data center buildings in the Chicago metro area
Schedule of Equity Method Investments [Line Items]
Number of properties sold \| property				2	2
Purchase Price				$ 900
Proceeds from partnership contribution				$ 700	$ 700
Percentage of interest in partnership				65%	65%
Fair value of the retained interest				$ 157
GI Partners Joint Venture \| Hyperscale data center buildings in the Chicago metro area \| Subsequent Event
Schedule of Equity Method Investments [Line Items]
Percentage of interest in partnership	80%
Additional cash contribution by Joint Venture partner	$ 68
Percentage of Interest Acquired in Joint Venture	15%
Ascenty \| Subsidiary of Operating Partnership subsidiary
Schedule of Equity Method Investments [Line Items]
Ownership interest by noncontrolling interest							2%	2%
Noncontrolling interests in consolidated entities							$ 18	$ 23
Digital Core REIT (DCRU)
Schedule of Equity Method Investments [Line Items]
Number of units owned \| shares							406	396
Closing price per unit \| $ / shares							$ 0.65	$ 0.55
Fair value of shares							$ 264	$ 218
Impairment charge						$ 95
Realty Income
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures		20%
GI Partners \| Hyperscale data center buildings in the Chicago metro area
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures				35%
GI Partners \| Hyperscale data center buildings in the Chicago metro area \| Subsequent Event
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures	20%
TPG Real Estate \| Hyperscale data center buildings in the Northern Virginia
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures			20%
Digital Core REIT (DCRU)
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures							36%
North America \| Digital Core REIT (DCRU)
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures							10%
Germany \| Digital Core REIT (DCRU)
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures							75%
Digital Core REIT (DCRU)
Schedule of Equity Method Investments [Line Items]
Number Of Data Centers \| property							12
Digital Core REIT (DCRU) \| Fee income and other
Schedule of Equity Method Investments [Line Items]
Fees earned pursuant to these contractual agreements							$ 10.7	$ 10.6
GI Partners \| GI Partners Joint Venture \| Hyperscale data center buildings in the Chicago metro area
Schedule of Equity Method Investments [Line Items]
Percentage of interest in partnership				65%
Call option to increase ownership interest in joint venture				80%
TPG Real Estate \| TPG Real Estate Joint Venture \| Hyperscale data center buildings in the Northern Virginia
Schedule of Equity Method Investments [Line Items]
Percentage of interest in partnership			80%

Investments in Unconsolidated_5

Investments in Unconsolidated Entities - Summarized Financial Information of Investments in Unconsolidated Entities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Net Investment in Properties	$ 24,236,088	$ 23,774,662
Total Assets	44,113,258	41,484,998
Mortgage Loans	630,973	528,870
Liabilities	23,116,937	21,862,854
Equity / (Deficit)	19,117,534	17,583,334
Investments in unconsolidated entities	2,295,889	1,991,426	$ 1,807,689
Revenues	5,477,061	4,691,834	4,427,882
Net Income (Loss)	950,312	380,325	1,747,412
Equity in (earnings) loss of unconsolidated entities	(29,791)	(13,497)	62,283
Unconsolidated entities
Schedule of Equity Method Investments [Line Items]
Total Assets	10,347,491	7,078,397	6,411,124
Liabilities	4,661,388	2,510,983	2,160,389
Equity / (Deficit)	5,686,103	4,567,414	4,250,735
Revenues	962,701	727,595	577,515
Net Operating Income	521,424	409,855	340,767
Net Income (Loss)	(39,945)	(37,858)	211,207
Unconsolidated Joint Ventures in Americas
Schedule of Equity Method Investments [Line Items]
Total Assets	6,627,520	3,648,169	3,377,842
Liabilities	3,105,127	1,350,163	1,223,434
Equity / (Deficit)	3,522,393	2,298,006	2,154,408
Revenues	590,264	406,325	375,271
Net Operating Income	326,042	240,498	231,960
Net Income (Loss)	(13,097)	(38,874)	183,336
Unconsolidated Joint Ventures in APAC
Schedule of Equity Method Investments [Line Items]
Total Assets	2,097,115	1,705,553	1,527,323
Liabilities	880,972	541,509	548,578
Equity / (Deficit)	1,216,143	1,164,044	978,745
Revenues	257,905	201,405	193,744
Net Operating Income	121,053	90,924	102,822
Net Income (Loss)	42,244	25,946	32,691
Unconsolidated Joint Ventures in EMEA
Schedule of Equity Method Investments [Line Items]
Total Assets	80,525	121,950	65,459
Liabilities	83,819	68,223	38,377
Equity / (Deficit)	(3,294)	53,727	27,082
Revenues	1,601	1,632	316
Net Operating Income	939	851	141
Net Income (Loss)	(8,225)	(5,475)	(172)
Unconsolidated Joint Ventures in Global
Schedule of Equity Method Investments [Line Items]
Total Assets	1,542,331	1,602,725	1,440,500
Liabilities	591,470	551,088	350,000
Equity / (Deficit)	950,861	1,051,637	1,090,500
Revenues	112,931	118,233	8,184
Net Operating Income	73,390	77,582	5,844
Net Income (Loss)	$ (60,867)	$ (19,455)	$ (4,648)

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Line Items]
Goodwill - Beginning Balance	$ 9,208,497	$ 7,937,440
Acquisition		1,625,994
Goodwill Adjustments	7,834	(1,224)
Impact of Change in Foreign Exchange Rates	23,540	(353,713)
Goodwill - Ending Balance	9,239,871	9,208,497
Telx Acquisition
Goodwill [Line Items]
Goodwill - Beginning Balance	330,845	330,845
Goodwill - Ending Balance	330,845	330,845
European Portfolio Acquisition
Goodwill [Line Items]
Goodwill - Beginning Balance	408,055	448,124
Goodwill Adjustments	3,011
Impact of Change in Foreign Exchange Rates	18,444	(40,069)
Goodwill - Ending Balance	429,510	408,055
DFT Merger
Goodwill [Line Items]
Goodwill - Beginning Balance	2,592,147	2,592,147
Goodwill - Ending Balance	2,592,147	2,592,147
Interxion Combination
Goodwill [Line Items]
Goodwill - Beginning Balance	4,288,208	4,547,153
Goodwill Adjustments	4,843	5,409
Impact of Change in Foreign Exchange Rates	118,806	(264,354)
Goodwill - Ending Balance	4,411,857	4,288,208
Teraco
Goodwill [Line Items]
Goodwill - Beginning Balance	1,576,704
Acquisition		1,625,994
Impact of Change in Foreign Exchange Rates	(113,710)	(49,290)
Goodwill - Ending Balance	1,462,994	1,576,704
Other Combinations
Goodwill [Line Items]
Goodwill - Beginning Balance	12,538	19,171
Goodwill Adjustments	(20)	(6,633)
Goodwill - Ending Balance	$ 12,518	$ 12,538

Acquired Intangible Assets an_3

Acquired Intangible Assets and Liabilities - Summary of Acquired Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Customer relationship value
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,926,808	$ 3,327,765
Accumulated Amortization	(952,943)	(888,105)
Total	1,973,865	2,439,660
Acquired in-place lease value
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,089,743	1,369,526
Accumulated Amortization	(859,167)	(1,041,631)
Total	230,576	327,895
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	108,744	94,829
Accumulated Amortization	(33,483)	(26,788)
Total	75,261	68,041
Acquired above-market leases
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	153,205	264,071
Accumulated Amortization	(150,344)	(253,693)
Total	2,861	10,378
Acquired below-market leases
Finite-Lived Intangible Assets [Line Items]
Below-market lease, Gross Carrying Amount	(273,951)	(344,256)
Below-market lease, Accumulated Amortization	226,840	255,821
Total	$ (47,111)	$ (88,435)

Acquired Intangible Assets an_4

Acquired Intangible Assets and Liabilities - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Customer relationship value, acquired in-place lease value and other intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible assets	$ 252	$ 253.3	$ 262.9
Rental and other services \| Below-market leases, net of above-market leases
Finite-Lived Intangible Assets [Line Items]
Increase (decrease) in revenue	$ 6.5	$ 2.9	$ 3.6

Acquired Intangible Assets An_5

Acquired Intangible Assets And Liabilities - Schedule of Estimated Annual Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Customer relationship value
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	$ 176,848
2025	176,622
2026	175,981
2027	175,588
2028	153,143
Thereafter	1,115,683
Total	$ 1,973,865	$ 2,439,660
Expected average remaining lives (in years)	14 years 3 months 18 days
Acquired in-place lease value
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	$ 51,381
2025	49,839
2026	48,012
2027	38,482
2028	18,563
Thereafter	24,299
Total	$ 230,576	327,895
Expected average remaining lives (in years)	4 years 6 months
Other
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	$ 2,802
2025	2,802
2026	2,802
2027	2,802
2028	2,817
Thereafter	7,916
Total	21,941
Power grid rights
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Total	53,300
Acquired above-market leases
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	1,327
2025	1,070
2026	357
2027	48
2028	46
Thereafter	13
Total	$ 2,861	$ 10,378
Expected average remaining lives (in years)	2 years 1 month 6 days
Acquired below-market leases
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	$ (6,712)
2025	(6,560)
2026	(5,798)
2027	(5,182)
2028	(4,979)
Thereafter	(17,880)
Total	$ (47,111)
Expected average remaining lives (in years)	6 years 10 months 24 days

Debt of the Operating Partner_3

Debt of the Operating Partnership - Summary of Outstanding Indebtedness (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Weighted-average interest rate	2.89%	2.68%
Amount Outstanding	$ 17,537,652	$ 16,723,855
Global Revolving Credit Facilities
Debt Instrument [Line Items]
Weighted-average interest rate	4.33%	3.04%
Amount Outstanding	$ 1,825,228	$ 2,167,889
Unsecured term loans
Debt Instrument [Line Items]
Weighted-average interest rate	4.76%	2.49%
Amount Outstanding	$ 1,567,925	$ 802,875
Unsecured senior notes
Debt Instrument [Line Items]
Weighted-average interest rate	2.24%	2.44%
Amount Outstanding	$ 13,507,427	$ 13,220,961
Secured and other debt
Debt Instrument [Line Items]
Weighted-average interest rate	8.07%	7.12%
Amount Outstanding	$ 637,072	$ 532,130
Digital Realty Trust, L.P. \| Unsecured senior notes
Debt Instrument [Line Items]
Amount Outstanding	$ 13,507,427	$ 13,220,961

Debt of the Operating Partner_4

Debt of the Operating Partnership - Schedule of Debt Functional Currencies (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Amount Outstanding	$ 17,537,652	$ 16,723,855
% of Total	2.89%	2.68%
U.S. dollar
Debt Instrument [Line Items]
Amount Outstanding	$ 2,784,875	$ 3,855,903
% of Total	15.90%	23.10%
British pound sterling
Debt Instrument [Line Items]
Amount Outstanding	$ 1,973,305	$ 1,929,051
% of Total	11.20%	11.50%
Euro
Debt Instrument [Line Items]
Amount Outstanding	$ 10,835,878	$ 9,325,126
% of Total	61.80%	55.80%
Other
Debt Instrument [Line Items]
Amount Outstanding	$ 1,943,594	$ 1,613,775
% of Total	11.10%	9.60%

Debt of the Operating Partner_5

Debt of the Operating Partnership - Schedule of Debt Maturities And Principal Payments (Details) $ in Thousands, € in Millions		3 Months Ended	12 Months Ended
	Jan. 09, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) Option item	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 EUR (€)
Debt Instrument
2024			$ 980,936
2025			2,795,284
2026			3,449,538
2027			1,396,780
2028			2,395,725
Thereafter			6,519,389
Subtotal			17,537,652	$ 16,723,855
Unamortized net discounts			(37,078)
Unamortized deferred financing costs			(74,667)
Total			17,425,907
Repayments on secured / unsecured debt			111,979	1,036,577	$ 990,968
Premium paid for early extinguishment of debt				49,662	16,482
Global Revolving Credit Facilities
Debt Instrument
2026			1,825,228
Subtotal			1,825,228	2,167,889
Unamortized deferred financing costs			(12,941)
Total			$ 1,812,287
Number Of Extension Options \| item			2
Debt instrument, extension term			6 months
Unsecured Term Loans
Debt Instrument
2025			$ 1,567,925
Subtotal			1,567,925	802,875
Unamortized deferred financing costs			(7,620)
Total			1,560,305
Unsecured Senior Notes
Debt Instrument
2024			980,615
2025			1,226,775
2026			1,513,519
2027			1,178,269
2028			2,101,950
Thereafter			6,506,299
Subtotal			13,507,427	13,220,961
Unamortized net discounts			(33,324)
Unamortized deferred financing costs			(51,761)
Total			13,422,342
Secured and Other Debt
Debt Instrument
2024			321
2025			584
2026			110,791
2027			218,511
2028			293,775
Thereafter			13,090
Subtotal			637,072
Unamortized net discounts			(3,754)
Unamortized deferred financing costs			(2,345)
Total			$ 630,973
U.S. Term Loan
Debt Instrument
Subtotal	$ 500,000
Number Of Extension Options \| Option			1
Debt instrument, extension term			12 months
Debt face amount			$ 740,000
Percentage of extension fee			0.1875%			0.1875%
Repayments on secured / unsecured debt	$ 240,000
Premium paid for early extinguishment of debt		$ 1,100
Digital Realty Trust, L.P.
Debt Instrument
Repayments on secured / unsecured debt			$ 111,979	1,036,577	990,968
Premium paid for early extinguishment of debt				49,662	$ 16,482
Digital Realty Trust, L.P. \| Global Revolving Credit Facilities
Debt Instrument
Number of extension option \| Option			2
Maturity extension option term			6 months
Percentage of extension fee			0.0625%			0.0625%
Digital Realty Trust, L.P. \| Unsecured Term Loans
Debt Instrument
Number Of Extension Options \| Option			2
Debt instrument, extension term			1 year
Debt face amount \| €						€ 375
Percentage of extension fee			0.125%			0.125%
Digital Realty Trust, L.P. \| Unsecured Senior Notes
Debt Instrument
Subtotal			$ 13,507,427	13,220,961
Unamortized deferred financing costs			$ (51,761)	$ (63,648)

Debt of the Operating Partner_6

Debt of the Operating Partnership - Unsecured Senior Notes (Details) € in Thousands, £ in Thousands, SFr in Thousands, $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 CHF (SFr)	Dec. 31, 2023 GBP (£)	Dec. 31, 2022 USD ($)	Dec. 31, 2021
Debt of the Operating Partnership [Line Items]
Long-term debt, gross	$ 17,537,652				$ 16,723,855
Deferred financing costs	(74,667)
Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Long-term debt, gross	13,507,427				13,220,961
Deferred financing costs	(51,761)
Secured and Other Debt
Debt of the Operating Partnership [Line Items]
Long-term debt, gross	637,072				532,130
Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Long-term debt, gross	13,507,427				13,220,961
Unamortized discounts, net of premiums	(33,324)				(37,280)
Deferred financing costs	(51,761)				(63,648)
Total unsecured senior notes, net of discount and deferred financing costs	$ 13,422,342				13,120,033
Digital Realty Trust, L.P. \| Mortgage Loan For Westin Building
Debt of the Operating Partnership [Line Items]
Stated interest rate	3.29%	3.29%	3.29%	3.29%
Long-term debt, gross	$ 135,000
Digital Realty Trust, L.P. \| Unsecured Debt In Greece
Debt of the Operating Partnership [Line Items]
Stated interest rate	11.65%	11.65%	11.65%	11.65%
Long-term debt, gross	$ 10,000
0.600% notes due 2023 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	0.60%	0.60%	0.60%	0.60%
Aggregate principal amount	$ 108,310		SFr 100,000
Long-term debt, gross					108,121
2.625% notes due 2024 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	2.625%	2.625%	2.625%	2.625%
Aggregate principal amount	$ 677,040	€ 600,000
Long-term debt, gross	$ 662,340				642,300
2.750% notes due 2024 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	2.75%	2.75%	2.75%	2.75%
Aggregate principal amount	$ 324,925			£ 250,000
Long-term debt, gross	$ 318,275				302,075
4.250% notes due 2025 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	4.25%	4.25%	4.25%	4.25%
Aggregate principal amount	$ 634,480			£ 400,000
Long-term debt, gross	$ 509,240				483,320
0.625% notes due 2025 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	0.625%	0.625%	0.625%	0.625%
Aggregate principal amount	$ 720,980	€ 650,000
Long-term debt, gross	$ 717,535				695,825
2.500% notes due 2026 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	2.50%	2.50%	2.50%	2.50%
Aggregate principal amount	$ 1,224,640	€ 1,075,000
Long-term debt, gross	$ 1,186,693				1,150,788
0.200% notes due 2026 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	0.20%	0.20%	0.20%	0.20%
Aggregate principal amount	$ 298,404		SFr 275,000
Long-term debt, gross	$ 326,826				297,331
1.700% notes due 2027 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	1.70%	1.70%	1.70%	1.70%
Aggregate principal amount	$ 162,465		SFr 150,000
Long-term debt, gross	$ 178,269				162,181
3.700% notes due 2027 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	3.70%	3.70%	3.70%	3.70%
Aggregate principal amount	$ 1,000,000
Long-term debt, gross	$ 1,000,000				1,000,000
5.550% notes due 2028 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	5.55%	5.55%	5.55%	5.55%
Aggregate principal amount	$ 900,000
Long-term debt, gross	$ 900,000				900,000
1.125% notes due 2028 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	1.125%	1.125%	1.125%	1.125%
Aggregate principal amount	$ 548,550	€ 500,000
Long-term debt, gross	$ 551,950				535,250
4.450% notes due 2028 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	4.45%	4.45%	4.45%	4.45%
Aggregate principal amount	$ 650,000
Long-term debt, gross	$ 650,000				650,000
0.550% notes due 2029 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	0.55%	0.55%	0.55%	0.55%
Aggregate principal amount	$ 292,478		SFr 270,000
Long-term debt, gross	$ 320,884				291,925
3.600% notes due 2029 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	3.60%	3.60%	3.60%	3.60%
Aggregate principal amount	$ 900,000
Long-term debt, gross	$ 900,000				900,000
3.300% notes due 2029 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	3.30%	3.30%	3.30%	3.30%
Aggregate principal amount	$ 454,895			£ 350,000
Long-term debt, gross	$ 445,585				422,905
1.500% Notes due 2030 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	1.50%	1.50%	1.50%	1.50%
Aggregate principal amount	$ 831,900	€ 750,000
Long-term debt, gross	$ 827,925				802,875
3.750% notes due 2030 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	3.75%	3.75%	3.75%	3.75%
Aggregate principal amount	$ 719,825			£ 550,000
Long-term debt, gross	$ 700,205				664,565
1.250% Notes due 2031 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	1.25%	1.25%	1.25%	1.25%
Aggregate principal amount	$ 560,950	€ 500,000
Long-term debt, gross	$ 551,950				535,250
0.625% notes due 2031 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	0.625%	0.625%	0.625%	0.625%
Aggregate principal amount	$ 1,220,700	€ 1,000,000
Long-term debt, gross	$ 1,103,900				1,070,500
1.000% Notes due 2032 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	1%	1%	1%	1%
Aggregate principal amount	$ 874,500	€ 750,000
Long-term debt, gross	$ 827,925				802,875
1.375% notes due 2032 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate	1.375%	1.375%	1.375%	1.375%
Aggregate principal amount	$ 849,375	€ 750,000
Long-term debt, gross	$ 827,925				$ 802,875
4.750% notes due 2025 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate					4.75%
2.750% notes due 2023 \| Digital Realty Trust, L.P. \| Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate						2.75%

Debt of the Operating Partner_7

Debt of the Operating Partnership - Narrative (Details) $ in Thousands			12 Months Ended
	Jan. 09, 2023 USD ($) Option	Aug. 11, 2022 EUR (€) Option	Dec. 31, 2023 USD ($) Option	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jan. 09, 2024 USD ($)	Dec. 31, 2023 EUR (€)	Sep. 08, 2023 EUR (€)	Apr. 05, 2022 USD ($)
Debt Instrument
Amount Outstanding			$ 17,537,652	$ 16,723,855
Term Loan Facility \| Digital Realty Trust, L.P.
Debt Instrument
Aggregate principal amount	$ 740,000
Number of extension option \| Option	1
Maturity extension option term	12 months
Percentage of extension fee	0.1875%
Debt face amount	$ 740,000
Unsecured senior notes
Debt Instrument
Amount Outstanding			13,507,427	13,220,961
Unsecured senior notes \| Digital Realty Trust, L.P.
Debt Instrument
Amount Outstanding			$ 13,507,427	$ 13,220,961
Unsecured senior notes \| Digital Realty Trust, L.P. \| Maximum
Debt Instrument
Leverage ratio			60%
Secured debt leverage ratio			40%
Unsecured senior notes \| Digital Realty Trust, L.P. \| Minimum
Debt Instrument
Interest coverage ratio			1.50
Total unencumbered assets			150%
Unsecured senior notes \| 4.750% notes due 2025 \| Digital Realty Trust, L.P.
Debt Instrument
Stated interest rate				4.75%
Early extinguishment charge				$ 51,100
Unsecured senior notes \| 2.750% notes due 2023 \| Digital Realty Trust, L.P.
Debt Instrument
Stated interest rate					2.75%
Early extinguishment charge					$ 18,300
Global Revolving Credit Facility Amendment
Debt Instrument
Maximum borrowing capacity									$ 3,750,000
Mortgage Loan For Westin Building \| Digital Realty Trust, L.P.
Debt Instrument
Amount Outstanding			$ 135,000
Stated interest rate			3.29%				3.29%
Unsecured Debt In Greece \| Digital Realty Trust, L.P.
Debt Instrument
Amount Outstanding			$ 10,000
Stated interest rate			11.65%				11.65%
Unsecured term loans
Debt Instrument
Amount Outstanding			$ 1,567,925	802,875
Unsecured term loans \| Digital Realty Trust, L.P.
Debt Instrument
Aggregate principal amount \| €							€ 375,000,000
Number of extension options \| Option			2
Debt instrument, extension term			1 year
Percentage of extension fee			0.125%				0.125%
Debt face amount \| €							€ 375,000,000
Unsecured term loans \| 2025 Term Facility \| Digital Realty Trust, L.P.
Debt Instrument
Aggregate principal amount \| €		€ 375,000,000
Debt instrument term		3 years
Debt face amount \| €		€ 375,000,000
Unsecured term loans \| 2025-27 Term Facility \| Digital Dutch Finco B.V.
Debt Instrument
Number of extension options \| Option		2
Debt instrument, extension term		1 year
Percentage of extension fee		0.125%
Unsecured term loans \| 2025-27 Term Facility \| Digital Realty Trust, L.P.
Debt Instrument
Aggregate principal amount \| €		€ 375,000,000
Debt instrument term		5 years
Debt face amount \| €		€ 375,000,000
Unsecured term loans \| Initial Term Loan \| Digital Dutch Finco B.V.
Debt Instrument
Aggregate principal amount \| €								€ 125,000,000
Debt face amount \| €								125,000,000
Unsecured term loans \| Delayed Draw Term Loan
Debt Instrument
Aggregate principal amount \| €								250,000,000
Debt face amount \| €								€ 250,000,000
U.S. Term Loan
Debt Instrument
Amount Outstanding						$ 500,000
Aggregate principal amount			$ 740,000
Number of extension options \| Option			1
Debt instrument, extension term			12 months
Percentage of extension fee			0.1875%				0.1875%
Debt face amount			$ 740,000
Secured and Other Debt
Debt Instrument
Amount Outstanding			$ 637,072	$ 532,130
Secured and Other Debt \| Digital Realty Trust, L.P. \| Maximum
Debt Instrument
Stated interest rate			11.65%				11.65%
Secured and Other Debt \| Digital Realty Trust, L.P. \| Minimum
Debt Instrument
Stated interest rate			3.29%				3.29%
Secured and Other Debt \| Teraco Term Loan \| Digital Realty Trust, L.P.
Debt Instrument
Aggregate principal amount			$ 413,800
Stated interest rate			9.36%				9.36%
Debt face amount			$ 413,800

Debt of the Operating Partner_8

Debt of the Operating Partnership - Global Revolving Credit Facilities (Details) $ in Millions, ¥ in Billions	12 Months Ended
	Dec. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($)	Dec. 31, 2022 JPY (¥)	Apr. 05, 2022 USD ($)
Global Revolving Credit Facilities
Debt Instrument
Maximum borrowing capacity \| $	$ 750	$ 3,000
Number of extension options \| item	2
Debt instrument, extension term	6 months
Interest rate basis spread	0.85%
Commitment fee percentage	0.20%
Sustainability linking price threshold increase percentage	5%
Sustainability linking price threshold decrease percentage	5%
Global Revolving Credit Facility Amendment
Debt Instrument
Maximum borrowing capacity \| $				$ 3,750
Yen Revolving Credit Facility
Debt Instrument
Maximum borrowing capacity	$ 661.4		¥ 93.3
Number of extension options \| item	2
Debt instrument, extension term	6 months
Interest rate basis spread	0.50%
Commitment fee percentage	0.10%
Sustainability linking price threshold increase percentage	5%
Sustainability linking price threshold decrease percentage	5%
Digital Realty Trust, L.P. \| Yen Revolving Credit Facility
Debt Instrument
Maximum borrowing capacity		$ 236	¥ 33.3

Earnings per Common Share or _3

Earnings per Common Share or Unit - Summary of Basic and Diluted Earnings per Share and Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		12 Months Ended
	Aug. 01, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Net income available to common stockholders		$ 908,114	$ 336,960	$ 1,681,498
Plus: Loss attributable to redeemable noncontrolling interest		(18,093)	4,839
Net income available to common stockholders - diluted EPS		$ 926,207	$ 332,121	$ 1,681,498
Denominator:
Weighted average units outstanding-basic (shares/units)		298,603	286,334	282,475
Potentially dilutive common shares/units:
Unvested incentive units (shares/units)		118	257	253
Unvested restricted stock (shares/units)		9	45	192
Forward equity offering (shares/units)		248
Market performance-based awards (units)		112	103	302
Redeemable noncontrolling interest shares (shares/units)		9,975	11,180
Weighted average shares/units outstanding-diluted (shares/units)		309,065	297,919	283,222
Income per unit:
Basic (in dollars per share)		$ 3.04	$ 1.18	$ 5.95
Diluted (in dollars per share)		$ 3	$ 1.11	$ 5.94
Teraco
Income per unit:
Period for right to sell all or a portion of interest to company, beginning on February 1, 2026 (in years)	2 years	2 years
Digital Realty Trust, L.P.
Numerator:
Net income available to common stockholders		$ 928,824	$ 345,060	$ 1,720,598
Plus: Loss attributable to redeemable noncontrolling interest		(18,093)	4,839
Net income available to common stockholders - diluted EPS		$ 946,917	$ 340,221	$ 1,720,598
Denominator:
Weighted average units outstanding-basic (shares/units)		304,651	292,123	289,165
Potentially dilutive common shares/units:
Unvested incentive units (shares/units)		118	257	253
Unvested restricted stock (shares/units)		9	45	192
Forward equity offering (shares/units)		248
Market performance-based awards (shares/units)		112	103	302
Redeemable noncontrolling interest shares (shares/units)		9,975	11,180
Weighted average shares/units outstanding-diluted (shares/units)		315,113	303,708	289,912
Income per unit:
Basic (in dollars per share)		$ 3.05	$ 1.18	$ 5.95
Diluted (in dollars per share)		$ 3.01	$ 1.12	$ 5.94

Earnings per Common Share or _4

Earnings per Common Share or Unit - Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (shares)	12,824	12,343	18,460
Shares subject to Forward Equity Offering
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (shares)			6,250
Weighted average of Operating Partnership common units not owned by Digital Realty Trust, Inc.
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (shares)	6,048	5,789	6,691
Series C Cumulative Redeemable Perpetual Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (shares)			541
Series J Cumulative Redeemable Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (shares)	1,794	1,736	1,318
Series K Cumulative Redeemable Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (shares)	1,887	1,825	1,386
Series L Cumulative Redeemable Preferred Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (shares)	3,095	2,993	2,274

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating Loss Carryforwards [Line Items]
Percentage of income distributed (at least)	100%
Provision for income taxes	$ 75,579	$ 31,550	$ 72,799
Net deferred tax liability	1,144,874	1,184,599
Unrecognized Tax Benefits	3,700
Unrecognized accrued interest and penalties	200
Gross deferred income tax assets:
Net operating loss carryforwards	188,735	175,935
Basis difference - real estate property	18,035	14,027
Basis difference - intangibles	7,744	7,682
Basis difference - equity investments		5,694
Tax credit carryforward	2,056
Other - temporary differences	180,316	132,578
Total gross deferred income tax assets	396,886	335,916
Valuation allowance	(176,268)	(125,491)
Total deferred income tax assets, net of valuation allowance	220,618	210,425
Gross deferred income tax liabilities:
Basis difference - real estate property	1,162,143	1,160,412
Basis difference - intangibles	190,607	219,653
Straight-line rent	5,992	9,215
Other - temporary differences	6,750	5,744
Total gross deferred income tax liabilities	1,365,492	1,395,024
Net of deferred tax assets	6,200	8,200
Federal
Operating Loss Carryforwards [Line Items]
Provision for income taxes	0	0	0
Digital Realty Trust, L.P.
Operating Loss Carryforwards [Line Items]
Provision for income taxes	75,579	31,550	72,799
Digital Realty Trust, L.P. \| Federal
Operating Loss Carryforwards [Line Items]
Provision for income taxes	$ 0	$ 0	$ 0

Equity and Capital - Equity Dis

Equity and Capital - Equity Distribution Agreement (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Aug. 04, 2023	Apr. 01, 2022
2023 Sales Agreement
Subsidiary, Sale of Stock [Line Items]
Aggregate maximum offering price	$ 1,500
Net proceeds on public offering	$ 1,100
Number of shares entered for agreement	8.7
Average price per share	$ 133.21
Payment of stock issuance costs	$ 11.4
Aggregate gross sales price unsold	343.4
2022 Sales Agreement
Subsidiary, Sale of Stock [Line Items]
Aggregate maximum offering price				$ 1,500
Net proceeds on public offering	$ 1,100
Number of shares entered for agreement	11,300,000
Average price per share	$ 96.35
Payment of stock issuance costs	$ 7.5
Value of shares remain unsold at the time of termination			$ 408.7
Aggregate gross sales price unsold		$ 0

Equity and Capital - Forward Eq

Equity and Capital - Forward Equity Sale (Details) - USD ($) $ in Millions		12 Months Ended
	Sep. 13, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		12,824,000	12,343,000	18,460,000
Underwritten Public Offering
Class of Stock [Line Items]
Issuance of common stock, net of costs (shares)	6.3	6,300,000
Gross proceeds		$ 939

Equity and Capital - Noncontrol

Equity and Capital - Noncontrolling Interests in Operating Partnership (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Class of Stock
Number of units (units)	311,608	291,148
Percentage of total	98%	97.90%
Common stock conversion ratio	1
Digital Realty Trust, L.P.
Class of Stock
Redeemable noncontrolling interests - operating partnership	$ 834.1	$ 591.2
Common units held by third parties
Class of Stock
Common units held by third parties (units)	4,343	4,375
Percentage of total	1.30%	1.50%
Incentive units held by employees and directors (see Note 13. Incentive Plan)
Class of Stock
Incentive units held by employees and directors (units)	2,106	1,914
Percentage of total	0.70%	0.60%
Noncontrolling Interests in Operating Partnership
Class of Stock
Number of units (units)	318,057	297,437
Percentage of total	100%	100%

Equity and Capital - Redeemable

Equity and Capital - Redeemable Preferred Stock (Details) $ / shares in Units, $ in Thousands				12 Months Ended
	Oct. 10, 2019 shares	Mar. 13, 2019 shares	Aug. 07, 2017 $ / shares shares	Dec. 31, 2023 USD ($) item $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	May 17, 2021 $ / shares
Class of Stock
Liquidation preference \| $				$ 755,000	$ 755,000
Preferred stock, issued (shares) \| shares				30,200,000	30,200,000
Net proceeds from preferred stock \| $				$ 731,690	$ 731,690
Number of quarters with no dividends triggering voting rights \| item				6
Preferred stock, liquidation preference per share (in dollars per share)				$ 25	$ 25
Preferred Stock, Redemption Price Per Share				$ 25
Series J Cumulative Redeemable Preferred Stock
Class of Stock
Share cap (in shares) \| shares			0.4252100
Liquidation preference \| $				$ 200,000
Preferred stock dividend per share amount (in dollars per share)			$ 1.31250
Preferred stock, issued (shares) \| shares				8,000,000	8,000,000
Net proceeds from preferred stock \| $				$ 193,540	$ 193,540
Dividend rate percentage			5.25%
Series K Cumulative Redeemable Preferred Stock
Class of Stock
Share cap (in shares) \| shares		0.4361100
Liquidation preference \| $				$ 210,000
Preferred stock dividend per share amount (in dollars per share)				$ 1.46250
Preferred stock, issued (shares) \| shares				8,400,000	8,400,000
Net proceeds from preferred stock \| $				$ 203,264	$ 203,264
Dividend rate percentage		5.85%
Series L Cumulative Redeemable Preferred Units
Class of Stock
Share cap (in shares) \| shares	0.3851800
Liquidation preference \| $				$ 345,000
Preferred stock dividend per share amount (in dollars per share)				$ 1.30000
Preferred stock, issued (shares) \| shares				13,800,000	13,800,000
Net proceeds from preferred stock \| $				$ 334,886	$ 334,886
Dividend rate percentage	5.20%
Series C Preferred Units
Class of Stock
Preferred stock dividend per share amount (in dollars per share)				$ 1.65625
Preferred stock, liquidation preference per share (in dollars per share)						$ 25.211632
Preferred Stock, Redemption Price Per Share						$ 25
Series J Preferred Units
Class of Stock
Preferred stock dividend per share amount (in dollars per share)				1.31250
Series K Preferred Units
Class of Stock
Preferred stock dividend per share amount (in dollars per share)				1.46250
Series L Preferred Units
Class of Stock
Preferred stock dividend per share amount (in dollars per share)				$ 1.30000

Equity and Capital - Summary of

Equity and Capital - Summary of Activity For Noncontrolling Interests in The Operating Partnership (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Common And Incentive Unit Activity [Roll Forward]
Beginning balance (units)	6,289	5,931
Redemption of common units for shares of Digital Realty Trust, Inc. common stock (units)		(14)
Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock (units)	(112)	(22)
Incentive units issued upon achievement of market performance condition (units)	142	221
Grant of incentive units to employees and directors (units)	171	170
Cancellation / forfeitures of incentive units held by employees and directors (units)	(41)	3
Ending balance (units)	6,449	6,289
Common Units
Common And Incentive Unit Activity [Roll Forward]
Beginning balance (units)	4,375	4,389
Redemption of common units for shares of Digital Realty Trust, Inc. common stock (units)		(14)
Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock (units)	(32)
Ending balance (units)	4,343	4,375
Incentive Units
Common And Incentive Unit Activity [Roll Forward]
Beginning balance (units)	1,914	1,542
Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock (units)	(80)	(22)
Incentive units issued upon achievement of market performance condition (units)	142	221
Grant of incentive units to employees and directors (units)	171	170
Cancellation / forfeitures of incentive units held by employees and directors (units)	(41)	3
Ending balance (units)	2,106	1,914

Equity and Capital - Schedule o

Equity and Capital - Schedule of Dividends and Distributions (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended			24 Months Ended
	May 17, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2023
Dividends Payable [Line Items]
Preferred stock, liquidation preference per share (in dollars per share)		$ 25	$ 25		$ 25
Redemption price (in dollars per share)		25			25
Series C Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				$ 3,333
Preferred stock dividend per share amount (in dollars per share/unit)		$ 1.65625
Preferred stock, liquidation preference per share (in dollars per share)	$ 25.211632
Redemption price (in dollars per share)	$ 25
Redemption Premium	$ 201,300
Gain on redemption	18,000
Increase in net income available to common stockholders from gain on redemption	$ 219,300
Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		$ 10,500	$ 10,500	10,500
Preferred stock dividend per share amount (in dollars per share/unit)		$ 1.31250
Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		$ 12,284	12,284	12,284
Preferred stock dividend per share amount (in dollars per share/unit)		$ 1.46250
Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		$ 17,940	17,940	17,940
Preferred stock dividend per share amount (in dollars per share/unit)		$ 1.30000
Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units		$ 1,472,448	$ 1,403,344	$ 1,314,736
Common stock dividend per share amount (in dollars per share/unit)		$ 4.880	$ 4.880	$ 4.640	4.88000
February 25, 2021 \| Series C Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				$ 3,333
February 25, 2021 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				2,625
February 25, 2021 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				3,071
February 25, 2021 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				4,485
February 25, 2021 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units				326,965
May 10, 2021 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				2,625
May 10, 2021 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				3,071
May 10, 2021 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				4,485
May 10, 2021 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units				328,279
November 18, 2021 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				2,625
November 18, 2021 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				3,071
November 18, 2021 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				4,485
November 18, 2021 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units				329,772
August 11, 2021 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				2,625
August 11, 2021 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				3,071
August 11, 2021 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				4,485
August 11, 2021 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units				329,720
March 3, 2022 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			$ 2,625
March 3, 2022 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			3,071
March 3, 2022 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			4,485
March 3, 2022 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units			348,025
May 24, 2022 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			2,625
May 24, 2022 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			3,071
May 24, 2022 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			4,485
May 24, 2022 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units			348,077
August 17, 2022 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			2,625
August 17, 2022 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			3,071
August 17, 2022 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			4,485
August 17, 2022 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units			351,410
November 29, 2022 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			2,625
November 29, 2022 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			3,071
November 29, 2022 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			4,485
November 29, 2022 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units			$ 355,832
February 22, 2023 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		$ 2,625
February 22, 2023 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		3,071
February 22, 2023 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		4,485
February 22, 2023 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units		356,214
May 24, 2023 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		2,625
May 24, 2023 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		3,071
May 24, 2023 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		4,485
May 24, 2023 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units		365,937
August 8, 2023 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		2,625
August 8, 2023 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		3,071
August 8, 2023 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		4,485
August 8, 2023 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units		370,278
November 28, 2023 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		2,625
November 28, 2023 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		3,071
November 28, 2023 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		4,485
November 28, 2023 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units		$ 380,019
Digital Realty Trust, L.P.
Dividends Payable [Line Items]
Preferred stock, liquidation preference per share (in dollars per share)		$ 25	$ 25		$ 25
Digital Realty Trust, L.P. \| Series C Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				3,333
Preferred stock, liquidation preference per share (in dollars per share)	$ 25.211632
Redemption price (in dollars per share)	$ 25
Redemption Premium	$ 201,300
Gain on redemption	18,000
Increase in net income available to common stockholders from gain on redemption	$ 219,300
Digital Realty Trust, L.P. \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		$ 10,500	$ 10,500	10,500
Preferred stock dividend per share amount (in dollars per share/unit)		$ 1.31250
Digital Realty Trust, L.P. \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		$ 12,284	12,284	12,284
Preferred stock dividend per share amount (in dollars per share/unit)		$ 1.46250
Digital Realty Trust, L.P. \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		$ 17,940	17,940	17,940
Preferred stock dividend per share amount (in dollars per share/unit)		$ 1.30000
Digital Realty Trust, L.P. \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		$ 1,504,377
Dividends/Distributions, common units			$ 1,434,520	$ 1,347,507
Preferred stock dividend per share amount (in dollars per share/unit)		$ 4.88000	$ 4.88000
Common stock dividend per share amount (in dollars per share/unit)		$ 4.880	$ 4.880	$ 4.640
Digital Realty Trust, L.P. \| February 25, 2021 \| Series C Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				$ 3,333
Digital Realty Trust, L.P. \| February 25, 2021 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				2,625
Digital Realty Trust, L.P. \| February 25, 2021 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				3,071
Digital Realty Trust, L.P. \| February 25, 2021 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				4,485
Digital Realty Trust, L.P. \| February 25, 2021 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units				336,041
Digital Realty Trust, L.P. \| May 10, 2021 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				2,625
Digital Realty Trust, L.P. \| May 10, 2021 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				3,071
Digital Realty Trust, L.P. \| May 10, 2021 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				4,485
Digital Realty Trust, L.P. \| May 10, 2021 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units				336,543
Digital Realty Trust, L.P. \| August 10, 2021 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				2,625
Digital Realty Trust, L.P. \| August 10, 2021 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				3,071
Digital Realty Trust, L.P. \| August 10, 2021 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				4,485
Digital Realty Trust, L.P. \| August 10, 2021 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units				337,447
Digital Realty Trust, L.P. \| November 17, 2021 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				2,625
Digital Realty Trust, L.P. \| November 17, 2021 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				3,071
Digital Realty Trust, L.P. \| November 17, 2021 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units				4,485
Digital Realty Trust, L.P. \| November 17, 2021 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units				$ 337,476
Digital Realty Trust, L.P. \| March 3, 2022 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			$ 2,625
Digital Realty Trust, L.P. \| March 3, 2022 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			3,071
Digital Realty Trust, L.P. \| March 3, 2022 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			4,485
Digital Realty Trust, L.P. \| March 3, 2022 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units			355,812
Digital Realty Trust, L.P. \| May 24, 2022 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			2,625
Digital Realty Trust, L.P. \| May 24, 2022 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			3,071
Digital Realty Trust, L.P. \| May 24, 2022 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			4,485
Digital Realty Trust, L.P. \| May 24, 2022 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units			355,885
Digital Realty Trust, L.P. \| August 17, 2022 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			2,625
Digital Realty Trust, L.P. \| August 17, 2022 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			3,071
Digital Realty Trust, L.P. \| August 17, 2022 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			4,485
Digital Realty Trust, L.P. \| August 17, 2022 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units			359,207
Digital Realty Trust, L.P. \| November 29, 2022 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			2,625
Digital Realty Trust, L.P. \| November 29, 2022 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			3,071
Digital Realty Trust, L.P. \| November 29, 2022 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units			4,485
Digital Realty Trust, L.P. \| November 29, 2022 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units			$ 363,616
Digital Realty Trust, L.P. \| February 22, 2023 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		$ 2,625
Digital Realty Trust, L.P. \| February 22, 2023 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		3,071
Digital Realty Trust, L.P. \| February 22, 2023 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		4,485
Digital Realty Trust, L.P. \| February 22, 2023 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		364,204
Digital Realty Trust, L.P. \| May 24, 2023 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		2,625
Digital Realty Trust, L.P. \| May 24, 2023 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		3,071
Digital Realty Trust, L.P. \| May 24, 2023 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		4,485
Digital Realty Trust, L.P. \| May 24, 2023 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		373,833
Digital Realty Trust, L.P. \| August 8, 2023 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		2,625
Digital Realty Trust, L.P. \| August 8, 2023 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		3,071
Digital Realty Trust, L.P. \| August 8, 2023 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		4,485
Digital Realty Trust, L.P. \| August 8, 2023 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		378,352
Digital Realty Trust, L.P. \| November 28, 2023 \| Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		2,625
Digital Realty Trust, L.P. \| November 28, 2023 \| Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		3,071
Digital Realty Trust, L.P. \| November 28, 2023 \| Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units		4,485
Digital Realty Trust, L.P. \| November 28, 2023 \| Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units		$ 387,988

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss), Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	$ 18,107,465	$ 18,476,787
Ending balance	19,601,507	18,107,465
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	(536,019)	(212,653)
Net current period change	(102,564)	(323,366)
Ending balance	(638,583)	(536,019)
Foreign currency net investment hedge adjustments
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	(59,779)	38,773
Net current period change	(53,031)	(98,552)
Ending balance	(112,810)	(59,779)
Accumulated other comprehensive income (loss), net
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	(595,798)	(173,880)
Beginning balance	(595,798)	(173,880)
Net current period change	(155,595)	(421,918)
Ending balance	(751,393)	(595,798)
Ending balance	(751,393)	(595,798)
Digital Realty Trust, L.P.
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	18,107,465	18,476,787
Ending balance	19,601,507	18,107,465
Digital Realty Trust, L.P. \| Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	(551,013)	(219,882)
Net current period change	(105,050)	(331,131)
Ending balance	(656,063)	(551,013)
Digital Realty Trust, L.P. \| Foreign currency net investment hedge adjustments
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	(62,410)	38,437
Net current period change	(54,195)	(100,847)
Ending balance	(116,605)	(62,410)
Digital Realty Trust, L.P. \| Accumulated other comprehensive income (loss), net
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	(613,423)	(181,445)
Net current period change	(159,245)	(431,978)
Ending balance	$ (772,668)	$ (613,423)

Incentive Plans - Performance B

Incentive Plans - Performance Based Awards (Details) $ in Millions

1 Months Ended

12 Months Ended

Feb. 27, 2025

Feb. 27, 2024

Apr. 08, 2023 USD ($)

Feb. 27, 2023

Mar. 04, 2022 USD ($)

Feb. 27, 2022

Jan. 31, 2024 shares

Jan. 31, 2023 shares

Jan. 31, 2022 shares

Dec. 31, 2023 USD ($) item shares

Dec. 31, 2022 USD ($) shares

Dec. 31, 2021 USD ($)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Award requisite service period

4 years

Market-based performance awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Performance period

3 years

Number of trials | item

100,000

Market-based performance awards | Below Threshold Level

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage

Performance Threshold

(500.00%)

Market-based performance awards | Threshold Level

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage

25%

Performance Threshold

(500.00%)

Market-based performance awards | Target Level

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage

50%

Performance Threshold

Market-based performance awards | High Level

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage

100%

Performance Threshold

500%

Market-based performance awards | First Vesting Period

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage

50%

Market-based performance awards | First Vesting Period | 2019 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage

50%

Market-based performance awards | First Vesting Period | 2020 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage

50%

Market-based performance awards | Second Vesting Period

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage

50%

Market-based performance awards | Second Vesting Period | 2019 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage

50%

Market-based performance awards | Second Vesting Period | 2020 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage

50%

Class D Units | 2019 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting of restricted common units, net (units)

239,436

Class D Units | 2020 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting of restricted common units, net (units)

72,230

Class D And Rsu Units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Fair value of awards | $

$ 8.2

$ 12.3

$ 25

Restricted Stock Units | 2019 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting of restricted common units, net (units)

70,721

Restricted Stock Units | 2020 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting of restricted common units, net (units)

7,083

Restricted Stock Units | 2021 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting of restricted common units, net (units)

7,066

Distribution Equivalent Unit | 2019 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting of restricted common units, net (units)

18,966

Distribution Equivalent Unit | 2020 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting of restricted common units, net (units)

5,841

Financial-based performance awards | 2019 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Award requisite service period

3 years

Share-based compensation arrangement by share-based payment award, grant date fair value | $

$ 8.1

$ 12.3

Subsequent Event | Market-based performance awards | First Vesting Period | 2021 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage

50%

Subsequent Event | Market-based performance awards | Second Vesting Period | 2021 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting percentage

50%

Subsequent Event | Class D Units | 2021 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting of restricted common units, net (units)

71,926

Subsequent Event | Distribution Equivalent Unit | 2021 Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting of restricted common units, net (units)

5,131

Incentive Plans - Schedule of C

Incentive Plans - Schedule of Compensation Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Long-term incentive units
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Deferred compensation, expensed	$ 14.5	$ 21.7	$ 15.4
Deferred compensation, capitalized	0.2	0.2	0.2
Unearned Compensation	$ 16.6	$ 20.7
Expected period to recognize unearned compensation (in years)	2 years 1 month 6 days	2 years 1 month 6 days
Market-based performance awards
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Deferred compensation, expensed	$ 12.9	$ 21.4	23.9
Deferred compensation, capitalized	0.2	0.5	0.7
Unearned Compensation	$ 19.9	$ 30.3
Expected period to recognize unearned compensation (in years)	2 years	2 years
Service Based Restricted Stock Units
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Deferred compensation, expensed	$ 21.1	$ 25.9	23.2
Deferred compensation, capitalized	7.5	5.4	3.3
Unearned Compensation	$ 66.4	$ 55.4
Expected period to recognize unearned compensation (in years)	2 years 6 months	2 years 6 months
Interxion awards
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Deferred compensation, expensed	$ 6	$ 4.7	$ 17.7
Deferred compensation, capitalized	$ 0.1
Unearned Compensation		$ 1.9
Expected period to recognize unearned compensation (in years)	0 years	0 years

Incentive Plans - Assumptions U

Incentive Plans - Assumptions Used (Details) - USD ($) $ in Millions					12 Months Ended
	Feb. 25, 2021	Jan. 01, 2021	Feb. 20, 2020	Feb. 19, 2020	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Market-based performance awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Stock Price Volatility	32%	26%	26%	27%
Risk-Free Interest rate	4.18%	0.97%	0.31%	0.17%
Expected dividend yield					0%
Class D And Rsu Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of awards					$ 8.2	$ 12.3	$ 25
Intrinsic value of units					$ 36.4	$ 41.2	$ 28.6

Incentive Plans - Summary of Lo

Incentive Plans - Summary of Long-Term Incentive Units (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Units
Granted (shares)	171,000	170,000
Restricted stock
Units
Unvested beginning of period (shares)	507,837
Granted (shares)	568,671
Vested (shares)	(371,232)
Cancelled or expired (shares)	(83,413)
Unvested end of period (shares)	621,863	507,837
Weighted-Average Grant Date Fair Value
Unvested, beginning of period (in dollars per share)	$ 131.57
Granted (in dollars per share)	122.25
Vested (in dollars per share)	119.87
Cancelled or expired (in dollars per share)	116.39
Unvested, end of period (in dollars per share)	$ 132.07	$ 131.57
Weighted-Average Remaining Contractual Life (Years)	2 years 5 months 19 days
Aggregate Intrinsic Value, unvested	$ 83,690
Intrinsic value of units	$ 41,500	$ 59,000	$ 53,400
Weighted Average Fair Value at Date of Grant	$ 132.07	$ 131.57	$ 129.52
Long-term incentive units
Units
Unvested beginning of period (shares)	279,258
Granted (shares)	180,535
Vested (shares)	(181,182)
Cancelled or expired (shares)	(40,251)
Unvested end of period (shares)	238,360	279,258
Weighted-Average Grant Date Fair Value
Unvested, beginning of period (in dollars per share)	$ 146.37
Granted (in dollars per share)	104.82
Vested (in dollars per share)	136.39
Cancelled or expired (in dollars per share)	149.36
Unvested, end of period (in dollars per share)	$ 121.99	$ 146.37
Weighted-Average Remaining Contractual Life (Years)	1 year 11 months 15 days
Aggregate Intrinsic Value, unvested	$ 32,078		$ 17,500
Intrinsic value of units	$ 18,300	$ 18,100
Long term incentive units outstanding and exercisable	1,200,000
Intrinsic value outstanding and exercisable	$ 158,100
Weighted Average Fair Value at Date of Grant	$ 121.99	$ 146.37	$ 132.66
Performance-based awards
Weighted-Average Grant Date Fair Value
Weighted Average Fair Value at Date of Grant	$ 97.06	$ 154.26	$ 137.69

Incentive Plans - Summary of ac

Incentive Plans - Summary of activity for Service-Based Restricted Stock Units (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Units
Granted (shares)	171,000	170,000
Minimum
Weighted-Average Grant Date Fair Value
Award vesting period	2 years	2 years
Maximum
Weighted-Average Grant Date Fair Value
Award vesting period	3 years	3 years
Restricted stock
Units
Unvested beginning of period (shares)	507,837
Granted (shares)	568,671
Vested (shares)	(371,232)
Cancelled or expired (shares)	(83,413)
Unvested end of period (shares)	621,863	507,837
Weighted-Average Grant Date Fair Value
Unvested, beginning of period (in dollars per share)	$ 131.57
Granted (in dollars per share)	122.25
Vested (in dollars per share)	119.87
Cancelled or expired (in dollars per share)	116.39
Unvested, end of period (in dollars per share)	$ 132.07	$ 131.57
Weighted-Average Remaining Contractual Life (Years)	2 years 5 months 19 days
Aggregate Intrinsic Value, unvested	$ 83,690
Intrinsic value of units	$ 41,500	$ 59,000	$ 53,400
Award vesting period	4 years
Service Based Restricted Stock Units \| Minimum
Weighted-Average Grant Date Fair Value
Award vesting period	2 years
Service Based Restricted Stock Units \| Maximum
Weighted-Average Grant Date Fair Value
Award vesting period	4 years

Incentive Plans - Narrative (De

Incentive Plans - Narrative (Details) - shares shares in Millions		12 Months Ended
	Mar. 09, 2020	Dec. 31, 2023	Dec. 31, 2022
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		2 years	2 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years	3 years
Interxion Combination
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares registered for issuance (shares)	0.6
2014 Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares remaining for issuance under Incentive Plan (shares)		4.2
Long-term incentive units \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		2 years
Long-term incentive units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		4 years
Service Based Restricted Stock Units \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		2 years
Service Based Restricted Stock Units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		4 years

Incentive Plan - Defined Contri

Incentive Plan - Defined Contribution Plans Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Incentive Plans
Vesting percentage of discretionary contributions	100%
Aggregate cost of contributions to the 401(k) Plan	$ 6.8	$ 5.9	$ 5.9

Derivative Instruments - Effect

Derivative Instruments - Effect of Investment Hedges (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Cross-currency interest rate swaps (excluded component)	$ 21,836	$ 6,260
Derivative, Excluded Component, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense.	Interest Expense.	Interest Expense.
Interest Rate Swap \| Net Investment Hedging
Derivative [Line Items]
Cross-currency interest rate swaps (included components)	$ 22,703	$ 116,550
Cross-currency interest rate swaps (excluded component)	25,428	(7,929)
Total	$ 48,131	$ 108,621

Derivative Instruments - Cash F

Derivative Instruments - Cash Flow Hedges (Details) $ in Thousands, € in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 13, 2021 USD ($)
Derivative [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense.
Cash Flow Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
Gain (loss) to be reclassified within twelve months	$ 6,400
Interest Rate Swap
Derivative [Line Items]
Notional Amount					$ 104,000
Interest Rate Swap \| Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount	1,700,000	$ 1,700,000
Interest Rate Swap \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
Unrealized gain (loss)	7,221	(7,774)	$ (2,582)
Realized gain(loss)	$ 10,953	$ 819	$ (1,304)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense.	Interest Expense.	Interest Expense.
Euro term loan \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
Percentage of loan held for derivative	50%			50%
Notional Amount \| €				€ 750
USD Term Loan \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
Percentage of loan held for derivative	68%			68%
Notional Amount	$ 740,000

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Financial Instruments (Details) - Designated as Hedging Instrument - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Assets	$ 8,538	$ 17,120
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Liabilities	$ 156,753	$ 108,873
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Accounts Payable and Accrued Liabilities
Cross-currency interest rate swaps
Derivative [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets
Liabilities	$ 156,753	$ 108,621
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Accrued Liabilities
Interest Rate Swap
Derivative [Line Items]
Assets	$ 8,538	$ 17,120
Derivative Asset, Statement of Financial Position [Extensible Enumeration]		Other Assets
Liabilities		$ 252
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Accounts Payable and Accrued Liabilities

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Estimated Fair Value And Carrying Amounts (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt	$ 16,436,245	$ 14,819,979
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt	17,537,652	16,723,855
Level 2 \| Global Revolving Credit Facilities \| Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of credit	1,825,228	2,167,889
Level 2 \| Global Revolving Credit Facilities \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of credit	1,825,228	2,167,889
Level 2 \| Unsecured term loans \| Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of credit	1,567,925	802,875
Level 2 \| Unsecured term loans \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of credit	1,567,925	802,875
Level 2 \| Unsecured senior notes \| Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unsecured senior notes	12,417,619	11,331,989
Level 2 \| Unsecured senior notes \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unsecured senior notes	13,507,427	13,220,961
Level 2 \| Secured and other debt. \| Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured and other debt	625,473	517,226
Level 2 \| Secured and other debt. \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured and other debt	$ 637,072	$ 532,130

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	Dec. 31, 2023 USD ($)
Commitments and Contingencies.
Reimbursable amount of commitments related to construction contracts	$ 78.3
Commitments related to construction contracts	$ 2,200

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Supplemental Cash Flow Information
Cash and cash equivalents	$ 1,625,495	$ 141,773	$ 142,698
Restricted cash (included in other assets)	$ 10,975	$ 8,923	$ 8,787
Restricted Cash, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets	Other Assets
Total	$ 1,636,470	$ 150,696	$ 151,485	$ 123,652
Interest, net of amounts capitalized	391,400	271,500	274,700
Interest capitalized	116,800	70,600	53,500
Capitalized employee expenses related to construction activities	99,200	86,100	71,200
Income taxes, net of refunds	88,800	41,700	29,900
Accrued construction related costs	$ 599,400	$ 417,100	$ 423,000

Segment and Geographic Inform_3

Segment and Geographic Information (Details) $ in Thousands	12 Months Ended
Segment and Geographic Information (Details) $ in Thousands	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of Operating Segments \| segment	1
Number of Reportable Segments \| segment	1
Operating Revenues	$ 5,477,061	$ 4,691,834	$ 4,427,882
Investments in Properties, net	26,531,977	25,766,088
Net Assets in Foreign Operations	6,778,400	6,330,200
Operating lease right-of-use assets, net	1,414,256	1,351,329
United States
Segment Reporting Information [Line Items]
Operating Revenues	2,836,000	2,760,400	2,769,500
Investments in Properties, net	10,429,100	11,517,300
Operating lease right-of-use assets, net	610,200	647,000
Outside the United States
Segment Reporting Information [Line Items]
Operating Revenues	2,641,100	1,931,400	$ 1,658,400
Investments in Properties, net	13,806,900	12,257,400
Operating lease right-of-use assets, net	$ 804,000	$ 704,300
Outside the United States \| Revenue \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk	48.20%	41.20%	37.50%

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	1 Months Ended
Subsequent Events (Details) $ in Millions	Dec. 31, 2023 USD ($) item
Data Center Joint Venture
Subsequent Events
Ownership percentage in joint ventures	20%
Data Center Joint Venture \| Blackstone Inc. [Member]
Subsequent Events
Ownership percentage in joint ventures	80%
Data Center Joint Venture
Subsequent Events
Joint venture amount \| $	$ 7,000
The number of hyperscale data center campuses develop through joint venture	4
Number of data centers	10
Potential IT load capacity in number of megawatts	500
Data Center Joint Venture \| Blackstone Inc. [Member]
Subsequent Events
Joint venture amount \| $	$ 7,000
The number of hyperscale data center campuses develop through joint venture	4
Amount of investment to acquire interest in joint venture \| $	$ 700

Schedule III Properties And A_2

Schedule III Properties And Accumulated Depreciation (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) property	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Real Estate and Accumulated Depreciation [Line Items]
Total	$ 27,306,368	$ 26,136,057	$ 23,625,450	$ 23,142,988
Accumulated depreciation and amortization	$ (7,823,685)	$ (7,268,981)	$ (6,210,281)	$ (5,555,221)
Operating
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	249
Encumbrances	$ 135,000
Land, Initial costs	918,141
Acquired ground lease, Initial costs	90
Buildings and improvements, Initial costs	10,698,590
Improvements, Costs capitalized subsequent to acquisition	15,707,547
Carry costs, Costs capitalized subsequent to acquisition	(18,000)
Land, Total costs	1,087,278
Acquired ground lease, Total costs	91
Buildings and improvements, Total costs	26,218,999
Total	27,306,368
Accumulated depreciation and amortization	$ (7,823,685)
North America
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	110
Encumbrances	$ 135,000
Land, Initial costs	585,456
Buildings and improvements, Initial costs	4,655,300
Improvements, Costs capitalized subsequent to acquisition	9,592,980
Carry costs, Costs capitalized subsequent to acquisition	(18,000)
Land, Total costs	617,619
Buildings and improvements, Total costs	14,198,117
Total	14,815,736
Accumulated depreciation and amortization	$ (5,471,625)
Northern Virginia
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	19
Land, Initial costs	$ 122,168
Buildings and improvements, Initial costs	466,221
Improvements, Costs capitalized subsequent to acquisition	3,038,772
Land, Total costs	148,190
Buildings and improvements, Total costs	3,478,971
Total	3,627,161
Accumulated depreciation and amortization	$ (1,048,343)
Chicago
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	8
Land, Initial costs	$ 67,162
Buildings and improvements, Initial costs	757,149
Improvements, Costs capitalized subsequent to acquisition	972,037
Land, Total costs	66,607
Buildings and improvements, Total costs	1,729,741
Total	1,796,348
Accumulated depreciation and amortization	$ (734,390)
New York
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	12
Land, Initial costs	$ 12,161
Buildings and improvements, Initial costs	425,838
Improvements, Costs capitalized subsequent to acquisition	1,049,738
Land, Total costs	16,308
Buildings and improvements, Total costs	1,471,429
Total	1,487,737
Accumulated depreciation and amortization	$ (724,675)
Dallas
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	21
Land, Initial costs	$ 50,533
Buildings and improvements, Initial costs	241,081
Improvements, Costs capitalized subsequent to acquisition	1,165,705
Land, Total costs	46,539
Buildings and improvements, Total costs	1,410,780
Total	1,457,319
Accumulated depreciation and amortization	$ (663,861)
Silicon Valley
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	14
Land, Initial costs	$ 129,702
Buildings and improvements, Initial costs	842,693
Improvements, Costs capitalized subsequent to acquisition	450,944
Land, Total costs	126,486
Buildings and improvements, Total costs	1,296,853
Total	1,423,339
Accumulated depreciation and amortization	$ (599,625)
Portland
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	3
Land, Initial costs	$ 1,689
Buildings and improvements, Initial costs	3,131
Improvements, Costs capitalized subsequent to acquisition	875,873
Land, Total costs	12,549
Buildings and improvements, Total costs	868,144
Total	880,693
Accumulated depreciation and amortization	$ (121,204)
Phoenix
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	2
Land, Initial costs	$ 11,859
Buildings and improvements, Initial costs	399,122
Improvements, Costs capitalized subsequent to acquisition	387,722
Land, Total costs	11,859
Buildings and improvements, Total costs	786,844
Total	798,703
Accumulated depreciation and amortization	$ (414,122)
San Francisco
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	4
Land, Initial costs	$ 41,165
Buildings and improvements, Initial costs	358,066
Improvements, Costs capitalized subsequent to acquisition	317,548
Land, Total costs	41,478
Buildings and improvements, Total costs	675,301
Total	716,779
Accumulated depreciation and amortization	$ (309,825)
Toronto
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	2
Land, Initial costs	$ 26,600
Buildings and improvements, Initial costs	116,863
Improvements, Costs capitalized subsequent to acquisition	412,234
Land, Total costs	27,180
Buildings and improvements, Total costs	528,517
Total	555,697
Accumulated depreciation and amortization	$ (64,599)
Seattle
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	1
Encumbrances	$ 135,000
Land, Initial costs	43,110
Buildings and improvements, Initial costs	329,283
Improvements, Costs capitalized subsequent to acquisition	62,071
Land, Total costs	43,110
Buildings and improvements, Total costs	391,354
Total	434,464
Accumulated depreciation and amortization	$ (51,115)
Atlanta
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	4
Land, Initial costs	$ 6,537
Buildings and improvements, Initial costs	264,948
Improvements, Costs capitalized subsequent to acquisition	141,146
Land, Total costs	6,552
Buildings and improvements, Total costs	406,079
Total	412,631
Accumulated depreciation and amortization	$ (136,304)
Boston
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	3
Land, Initial costs	$ 17,826
Buildings and improvements, Initial costs	253,711
Improvements, Costs capitalized subsequent to acquisition	110,351
Land, Total costs	16,600
Buildings and improvements, Total costs	365,288
Total	381,888
Accumulated depreciation and amortization	$ (184,525)
Los Angeles
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	2
Land, Initial costs	$ 29,531
Buildings and improvements, Initial costs	105,910
Improvements, Costs capitalized subsequent to acquisition	160,424
Land, Total costs	29,118
Buildings and improvements, Total costs	266,747
Total	295,865
Accumulated depreciation and amortization	$ (150,281)
Houston
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	6
Land, Initial costs	$ 6,965
Buildings and improvements, Initial costs	23,492
Improvements, Costs capitalized subsequent to acquisition	155,250
Land, Total costs	6,594
Buildings and improvements, Total costs	179,113
Total	185,707
Accumulated depreciation and amortization	$ (118,182)
Austin
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	1
Land, Initial costs	$ 1,177
Buildings and improvements, Initial costs	4,877
Improvements, Costs capitalized subsequent to acquisition	77,880
Land, Total costs	1,177
Buildings and improvements, Total costs	82,757
Total	83,934
Accumulated depreciation and amortization	$ (28,673)
Miami
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	2
Land, Initial costs	$ 2,964
Buildings and improvements, Initial costs	29,793
Improvements, Costs capitalized subsequent to acquisition	41,808
Land, Total costs	2,964
Buildings and improvements, Total costs	71,601
Total	74,565
Accumulated depreciation and amortization	$ (39,164)
North America - Other
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	6
Land, Initial costs	$ 14,307
Buildings and improvements, Initial costs	33,122
Improvements, Costs capitalized subsequent to acquisition	173,477
Carry costs, Costs capitalized subsequent to acquisition	(18,000)
Land, Total costs	14,308
Buildings and improvements, Total costs	188,598
Total	202,906
Accumulated depreciation and amortization	$ (82,737)
EMEA [Member]
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	124
Land, Initial costs	$ 309,933
Acquired ground lease, Initial costs	90
Buildings and improvements, Initial costs	5,901,877
Improvements, Costs capitalized subsequent to acquisition	4,897,466
Land, Total costs	427,895
Acquired ground lease, Total costs	91
Buildings and improvements, Total costs	10,681,380
Total	11,109,366
Accumulated depreciation and amortization	$ (1,931,958)
Frankfurt
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	29
Land, Initial costs	$ 31,260
Buildings and improvements, Initial costs	876,342
Improvements, Costs capitalized subsequent to acquisition	1,035,998
Land, Total costs	106,876
Buildings and improvements, Total costs	1,836,724
Total	1,943,600
Accumulated depreciation and amortization	$ (307,656)
London
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	15
Land, Initial costs	$ 101,397
Buildings and improvements, Initial costs	1,098,809
Improvements, Costs capitalized subsequent to acquisition	572,439
Land, Total costs	61,646
Buildings and improvements, Total costs	1,710,999
Total	1,772,645
Accumulated depreciation and amortization	$ (607,287)
Paris
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	13
Land, Initial costs	$ 45,722
Buildings and improvements, Initial costs	355,386
Improvements, Costs capitalized subsequent to acquisition	845,856
Land, Total costs	54,507
Buildings and improvements, Total costs	1,192,457
Total	1,246,964
Accumulated depreciation and amortization	$ (115,942)
Amsterdam
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	12
Land, Initial costs	$ 40,709
Buildings and improvements, Initial costs	968,935
Improvements, Costs capitalized subsequent to acquisition	202,598
Land, Total costs	70,211
Buildings and improvements, Total costs	1,142,031
Total	1,212,242
Accumulated depreciation and amortization	$ (258,958)
Johannesburg
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	5
Land, Initial costs	$ 10,099
Buildings and improvements, Initial costs	1,008,751
Improvements, Costs capitalized subsequent to acquisition	125,255
Land, Total costs	9,085
Buildings and improvements, Total costs	1,135,020
Total	1,144,105
Accumulated depreciation and amortization	$ (69,330)
Marseille
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	4
Land, Initial costs	$ 1,121
Buildings and improvements, Initial costs	220,737
Improvements, Costs capitalized subsequent to acquisition	370,449
Land, Total costs	1,081
Buildings and improvements, Total costs	591,227
Total	592,308
Accumulated depreciation and amortization	$ (80,487)
Zurich
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	3
Land, Initial costs	$ 20,605
Buildings and improvements, Initial costs	48,325
Improvements, Costs capitalized subsequent to acquisition	415,146
Land, Total costs	39,461
Buildings and improvements, Total costs	444,615
Total	484,076
Accumulated depreciation and amortization	$ (42,609)
Dublin
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	9
Land, Initial costs	$ 11,722
Acquired ground lease, Initial costs	90
Buildings and improvements, Initial costs	89,597
Improvements, Costs capitalized subsequent to acquisition	381,032
Land, Total costs	7,791
Acquired ground lease, Total costs	91
Buildings and improvements, Total costs	474,559
Total	482,441
Accumulated depreciation and amortization	$ (135,864)
Cape Town
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	2
Land, Initial costs	$ 5,100
Buildings and improvements, Initial costs	276,021
Improvements, Costs capitalized subsequent to acquisition	130,558
Land, Total costs	4,587
Buildings and improvements, Total costs	407,092
Total	411,679
Accumulated depreciation and amortization	$ (23,027)
Vienna
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	3
Land, Initial costs	$ 14,159
Buildings and improvements, Initial costs	364,949
Improvements, Costs capitalized subsequent to acquisition	3,530
Land, Total costs	13,105
Buildings and improvements, Total costs	369,533
Total	382,638
Accumulated depreciation and amortization	$ (72,500)
Brussels
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	3
Land, Initial costs	$ 3,874
Buildings and improvements, Initial costs	118,034
Improvements, Costs capitalized subsequent to acquisition	102,611
Land, Total costs	11,498
Buildings and improvements, Total costs	213,021
Total	224,519
Accumulated depreciation and amortization	$ (21,413)
Madrid
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	4
Land, Initial costs	$ 8,456
Buildings and improvements, Initial costs	134,817
Improvements, Costs capitalized subsequent to acquisition	66,931
Land, Total costs	13,392
Buildings and improvements, Total costs	196,812
Total	210,204
Accumulated depreciation and amortization	$ (28,450)
Copenhagen
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	3
Land, Initial costs	$ 11,665
Buildings and improvements, Initial costs	107,529
Improvements, Costs capitalized subsequent to acquisition	56,032
Land, Total costs	4,583
Buildings and improvements, Total costs	170,643
Total	175,226
Accumulated depreciation and amortization	$ (22,665)
Stockholm
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	6
Buildings and improvements, Initial costs	$ 93,861
Improvements, Costs capitalized subsequent to acquisition	58,194
Buildings and improvements, Total costs	152,055
Total	152,055
Accumulated depreciation and amortization	$ (29,430)
Dusseldorf
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	3
Buildings and improvements, Initial costs	$ 30,093
Improvements, Costs capitalized subsequent to acquisition	81,914
Buildings and improvements, Total costs	112,007
Total	112,007
Accumulated depreciation and amortization	$ (12,455)
Durban
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	1
Land, Initial costs	$ 900
Buildings and improvements, Initial costs	66,646
Improvements, Costs capitalized subsequent to acquisition	(3,287)
Land, Total costs	810
Buildings and improvements, Total costs	63,449
Total	64,259
Accumulated depreciation and amortization	$ (5,055)
Europe - Other
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	5
Land, Initial costs	$ 3,144
Buildings and improvements, Initial costs	43,046
Improvements, Costs capitalized subsequent to acquisition	226,639
Land, Total costs	26,149
Buildings and improvements, Total costs	246,680
Total	272,829
Accumulated depreciation and amortization	$ (76,969)
Africa - Other
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	4
Improvements, Costs capitalized subsequent to acquisition	$ 225,569
Land, Total costs	3,113
Buildings and improvements, Total costs	222,456
Total	225,569
Accumulated depreciation and amortization	$ (21,861)
Asia Pacific
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	15
Land, Initial costs	$ 22,752
Buildings and improvements, Initial costs	141,413
Improvements, Costs capitalized subsequent to acquisition	1,217,101
Land, Total costs	41,764
Buildings and improvements, Total costs	1,339,502
Total	1,381,266
Accumulated depreciation and amortization	$ (420,102)
Singapore
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	3
Buildings and improvements, Initial costs	$ 137,545
Improvements, Costs capitalized subsequent to acquisition	718,681
Buildings and improvements, Total costs	856,226
Total	856,226
Accumulated depreciation and amortization	$ (301,293)
Sydney
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	4
Land, Initial costs	$ 18,285
Buildings and improvements, Initial costs	3,868
Improvements, Costs capitalized subsequent to acquisition	190,211
Land, Total costs	21,159
Buildings and improvements, Total costs	191,205
Total	212,364
Accumulated depreciation and amortization	$ (48,137)
Seoul
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	1
Improvements, Costs capitalized subsequent to acquisition	$ 132,617
Land, Total costs	17,620
Buildings and improvements, Total costs	114,997
Total	132,617
Accumulated depreciation and amortization	$ (7,913)
Melbourne
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	2
Land, Initial costs	$ 4,467
Improvements, Costs capitalized subsequent to acquisition	103,068
Land, Total costs	2,985
Buildings and improvements, Total costs	104,550
Total	107,535
Accumulated depreciation and amortization	$ (51,882)
Hong Kong
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	1
Improvements, Costs capitalized subsequent to acquisition	$ 59,323
Buildings and improvements, Total costs	59,323
Total	59,323
Accumulated depreciation and amortization	$ (7,137)
Asia Pacific - Other
Real Estate and Accumulated Depreciation [Line Items]
Number of Data Centers \| property	4
Improvements, Costs capitalized subsequent to acquisition	$ 13,201
Buildings and improvements, Total costs	13,201
Total	13,201
Accumulated depreciation and amortization	$ (3,740)

Schedule III Properties And A_3

Schedule III Properties And Accumulated Depreciation - Narrative (Details) $ in Billions	Dec. 31, 2023 USD ($)
Schedule III Properties And Accumulated Depreciation
Aggregate gross cost of properties for federal income tax purposes	$ 42.6

Schedule III Properties And A_4

Schedule III Properties And Accumulated Depreciation - Summary Of Historical Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance, beginning of year	$ 26,136,057	$ 23,625,450	$ 23,142,988
Additions during period (acquisitions and improvements)	3,494,450	2,553,946	1,570,162
Deductions during period (dispositions, impairments and assets held for sale)	(2,324,139)	(43,339)	(1,087,700)
Balance, end of year	$ 27,306,368	$ 26,136,057	$ 23,625,450

Schedule III Properties And A_5

Schedule III Properties And Accumulated Depreciation - Summary Of Accumulated Depreciation And Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance, beginning of year	$ 7,268,981	$ 6,210,281	$ 5,555,221
Additions during period (depreciation and amortization expense)	1,338,912	1,079,497	1,042,011
Deductions during period (dispositions and assets held for sale)	(784,208)	(20,797)	(386,951)
Balance, end of year	$ 7,823,685	$ 7,268,981	$ 6,210,281

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net Income (Loss)	$ 948,838	$ 377,684	$ 1,709,259

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	During the three months ended December 31, 2023, two officers adopted a “Rule 10b5-1 trading arrangement ” as such term is defined in Item 408(a) of Regulation S-K. On shares of common stock. The plan will expire on , subject to early termination for certain specified events as set forth in the plan. On shares of common stock. The plan will expire
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Cindy Fiedelman
Trading Arrangements, by Individual
Name	Cindy Fiedelman
Title	Chief Human Resources Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 15, 2023
Aggregate Available	31,051
Expiration date	November 29, 2024
Christopher Sharp
Trading Arrangements, by Individual
Name	Christopher Sharp
Title	Chief Technology Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 22, 2023
Aggregate Available	43,870
Expiration date	November 22, 2024