Digital Realty Trust 10-Q 1 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Oct. 28, 2024
Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		331,712,606
Entity Central Index Key	0001297996
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Digital Realty Trust, L.P.
Entity Information
Document Type	10-Q
Document Period End Date	Sep. 30, 2024
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth	false
Entity Shell Company	false
Entity Central Index Key	0001494877
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
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 Preferred Stock
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 Preferred Stock
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 Preferred Stock
Trading Symbol	DLR Pr L
Security Exchange Name	NYSE

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Investments in real estate:
Investments in properties, net	$ 25,230,214	$ 24,236,088
Investments in unconsolidated entities	2,456,448	2,295,889
Net investments in real estate	27,686,662	26,531,977
Operating lease right-of-use assets, net	1,228,507	1,414,256
Cash and cash equivalents	2,175,605	1,625,495
Accounts and other receivables, net	1,274,460	1,278,110
Deferred rent, net	641,778	624,427
Goodwill	9,395,233	9,239,871
Customer relationship value, deferred leasing costs and other intangibles, net	2,367,467	2,500,237
Assets held for sale		478,503
Other assets	525,679	420,382
Total assets	45,295,391	44,113,258
LIABILITIES AND EQUITY
Global revolving credit facilities, net	1,786,921	1,812,287
Unsecured term loans, net	913,733	1,560,305
Unsecured senior notes, net of discount	13,528,061	13,422,342
Secured and other debt, net of discount	757,831	630,973
Operating lease liabilities	1,343,903	1,542,094
Accounts payable and other accrued liabilities	2,140,763	2,168,984
Deferred tax liabilities, net	1,223,771	1,151,096
Accrued dividends and distributions		387,988
Security deposits and prepaid rents	423,797	401,867
Obligations associated with assets held for sale		39,001
Total liabilities	22,118,780	23,116,937
Redeemable noncontrolling interests	1,465,636	1,394,814
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 September 30, 2024 and December 31, 2023	731,690	731,690
Common Stock: $0.01 par value per share, 392,000 shares authorized; 331,347 and 311,608 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	3,285	3,088
Partners' capital:
Additional paid-in capital	27,229,143	24,396,797
Accumulated dividends in excess of earnings	(6,060,642)	(5,262,648)
Accumulated other comprehensive loss, net	(657,365)	(751,393)
Total stockholders' equity	21,246,111	19,117,534
Noncontrolling interests	464,864	483,973
Total equity	21,710,975	19,601,507
Total liabilities and equity	45,295,391	44,113,258
Digital Realty Trust, L.P.
Investments in real estate:
Investments in properties, net	25,230,214	24,236,088
Investments in unconsolidated entities	2,456,448	2,295,889
Net investments in real estate	27,686,662	26,531,977
Operating lease right-of-use assets, net	1,228,507	1,414,256
Cash and cash equivalents	2,175,605	1,625,495
Accounts and other receivables, net	1,274,460	1,278,110
Deferred rent, net	641,778	624,427
Goodwill	9,395,233	9,239,871
Customer relationship value, deferred leasing costs and other intangibles, net	2,367,467	2,500,237
Assets held for sale		478,503
Other assets	525,679	420,382
Total assets	45,295,391	44,113,258
LIABILITIES AND EQUITY
Global revolving credit facilities, net	1,786,921	1,812,287
Unsecured term loans, net	913,733	1,560,305
Unsecured senior notes, net of discount	13,528,061	13,422,342
Secured and other debt, net of discount	757,831	630,973
Operating lease liabilities	1,343,903	1,542,094
Accounts payable and other accrued liabilities	2,140,763	2,168,984
Deferred tax liabilities, net	1,223,771	1,151,096
Accrued dividends and distributions		387,988
Security deposits and prepaid rents	423,797	401,867
Obligations associated with assets held for sale		39,001
Total liabilities	22,118,780	23,116,937
Redeemable noncontrolling interests	1,465,636	1,394,814
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 September 30, 2024 and December 31, 2023	731,690	731,690
Partners' capital:
Common units, 331,347 and 311,608 units issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	21,171,786	19,137,237
Limited Partners, 6,397 and 6,449 units issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	447,573	459,356
Accumulated other comprehensive loss, net	(677,007)	(772,668)
Total partners' capital	21,674,042	19,555,615
Noncontrolling interests in consolidated entities	36,933	45,892
Total capital	21,710,975	19,601,507
Total liabilities and equity	$ 45,295,391	$ 44,113,258

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
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)	331,347	311,608
Common stock, shares, outstanding (shares)	331,347	311,608
Limited Partners' units, issued (units)	6,397
Limited Partners' units outstanding (units)		6,449
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)	331,347	311,608
Common units, outstanding (units)	331,347	311,608
Limited Partners' units, issued (units)		6,449
Limited Partners' units outstanding (units)	6,397

CONDENSED CONSOLIDATED INCOME S

CONDENSED CONSOLIDATED INCOME STATEMENTS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Operating Revenues:
Total operating revenues	$ 1,431,214	$ 1,402,432	$ 4,119,106	$ 4,107,422
Operating Expenses:
Rental property operating and maintenance	605,859	607,544	1,707,699	1,778,465
Property taxes and insurance	50,502	76,568	148,727	172,450
Depreciation and amortization	459,997	420,613	1,316,442	1,274,384
General and administrative	117,602	110,721	353,207	332,257
Transactions and integration	24,194	14,465	82,105	44,496
Provision for impairment		113,000	168,303	113,000
Other	4,774	1,295	15,081	1,950
Total operating expenses	1,262,928	1,344,206	3,791,564	3,717,002
Operating income	168,286	58,226	327,542	390,420
Other Income (Expenses):
Equity in (loss) earnings of unconsolidated entities	(26,486)	(19,793)	(83,937)	163
(Loss) gain on disposition of properties, net	(556)	810,688	450,940	900,634
Other income, net	37,756	24,812	109,726	18,162
Interest expense	(123,803)	(110,767)	(348,094)	(324,103)
Loss on debt extinguishment and modifications	(2,636)		(3,706)
Income tax expense	(12,427)	(17,228)	(49,832)	(54,855)
Net income	40,134	745,938	402,639	930,421
Net loss (income) attributable to noncontrolling interests	11,059	(12,320)	10,282	(9,893)
Net income attributable to Digital Realty Trust, Inc.	51,193	733,618	412,921	920,528
Preferred stock dividends	(10,181)	(10,181)	(30,543)	(30,543)
Net income available to common stockholders	$ 41,012	$ 723,437	$ 382,378	$ 889,985
Net income per share available to common stockholders:
Basic (in dollars per share)	$ 0.13	$ 2.40	$ 1.20	$ 3
Diluted (in dollars per share)	$ 0.09	$ 2.31	$ 1.10	$ 2.87
Weighted average common shares outstanding:
Basic (in shares)	327,977	301,827	319,965	296,184
Diluted (in shares)	336,249	311,341	328,641	306,735
Digital Realty Trust, L.P.
Operating Revenues:
Total operating revenues	$ 1,431,214	$ 1,402,432	$ 4,119,106	$ 4,107,422
Operating Expenses:
Rental property operating and maintenance	605,859	607,544	1,707,699	1,778,465
Property taxes and insurance	50,502	76,568	148,727	172,450
Depreciation and amortization	459,997	420,613	1,316,442	1,274,384
General and administrative	117,602	110,721	353,207	332,257
Transactions and integration	24,194	14,465	82,105	44,496
Provision for impairment		113,000	168,303	113,000
Other	4,774	1,295	15,081	1,950
Total operating expenses	1,262,928	1,344,206	3,791,564	3,717,002
Operating income	168,286	58,226	327,542	390,420
Other Income (Expenses):
Equity in (loss) earnings of unconsolidated entities	(26,486)	(19,793)	(83,937)	163
(Loss) gain on disposition of properties, net	(556)	810,688	450,940	900,634
Other income, net	37,756	24,812	109,726	18,162
Interest expense	(123,803)	(110,767)	(348,094)	(324,103)
Loss on debt extinguishment and modifications	(2,636)		(3,706)
Income tax expense	(12,427)	(17,228)	(49,832)	(54,855)
Net income	40,134	745,938	402,639	930,421
Net loss (income) attributable to noncontrolling interests	12,059	3,980	18,982	10,407
Net income attributable to Digital Realty Trust, Inc.	52,193	749,918	421,621	940,828
Preferred stock dividends	(10,181)	(10,181)	(30,543)	(30,543)
Net income available to common stockholders	$ 42,012	$ 739,737	$ 391,078	$ 910,285
Net income per share available to common stockholders:
Basic (in dollars per share)	$ 0.13	$ 2.40	$ 1.20	$ 3.01
Diluted (in dollars per share)	$ 0.09	$ 2.32	$ 1.10	$ 2.88
Weighted average common shares outstanding:
Basic (in shares)	334,103	308,024	326,154	302,316
Diluted (in shares)	342,375	317,538	334,830	312,867
Rental and other services
Operating Revenues:
Total operating revenues	$ 1,413,727	$ 1,394,613	$ 4,069,966	$ 4,075,008
Rental and other services | Digital Realty Trust, L.P.
Operating Revenues:
Total operating revenues	1,413,727	1,394,613	4,069,966	4,075,008
Fee income and other
Operating Revenues:
Total operating revenues	17,487	7,819	49,140	32,414
Fee income and other | Digital Realty Trust, L.P.
Operating Revenues:
Total operating revenues	$ 17,487	$ 7,819	$ 49,140	$ 32,414

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net income	$ 40,134	$ 745,938	$ 402,639	$ 930,421
Other comprehensive income (loss):
Foreign currency translation adjustments	405,845	(190,425)	182,448	(478,792)
(Decrease) increase in fair value of derivatives	(81,458)	48,580	28,802	61,730
Reclassification to interest expense from derivatives	(9,236)	(9,349)	(29,661)	(23,387)
Other comprehensive income (loss)	315,151	(151,194)	181,589	(440,449)
Comprehensive income	355,285	594,744	584,228	489,972
Comprehensive (income) loss attributable to noncontrolling interests	(72,895)	(2,354)	(75,186)	142,605
Comprehensive income attributable to Digital Realty Trust, Inc.	282,390	592,390	509,042	632,577
Digital Realty Trust, L.P.
Net income	40,134	745,938	402,639	930,421
Other comprehensive income (loss):
Foreign currency translation adjustments	405,845	(190,425)	182,448	(478,792)
(Decrease) increase in fair value of derivatives	(81,458)	48,580	28,802	61,730
Reclassification to interest expense from derivatives	(9,236)	(9,349)	(29,661)	(23,387)
Other comprehensive income (loss)	315,151	(151,194)	181,589	(440,449)
Comprehensive income	355,285	594,744	584,228	489,972
Comprehensive (income) loss attributable to noncontrolling interests	(67,309)	10,772	(67,155)	156,348
Comprehensive income attributable to Digital Realty Trust, Inc.	$ 287,976	$ 605,516	$ 517,073	$ 646,320

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF EQUITY - USD ($) $ in Thousands	Redeemable Noncontrolling Interests	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Dividends in Excess of Earnings	Accumulated Other Comprehensive Loss, Net	Noncontrolling Interests	Total
Beginning 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
Beginning balance (shares) at Dec. 31, 2022			291,148,222
CONDENSED CONSOLIDATED STATEMENT OF EQUITY
Conversion of common units to common stock			$ 2	5,590			(5,592)
Conversion of common units to common stock (shares)			77,432
Vesting of restricted stock, net (shares)			221,907
Issuance of common stock, net of costs			$ 112	1,077,426				1,077,538
Issuance of common stock, net of costs (shares)			11,274,926
Shares issued under equity plans, net of share settlement to satisfy tax withholding upon vesting			$ 1	(23)				(22)
Shares issued under equity plans, net of share settlement to satisfy tax withholding upon vesting (shares)			123,539
Reclassification of vested share-based awards				(37,567)			37,567
Amortization of unearned compensation on share-based awards				54,785				54,785
Adjustment to redeemable noncontrolling interests	3,238			(3,238)				(3,238)
Dividends declared on preferred stock					(30,543)			(30,543)
Dividends and distributions on common stock and common and incentive units	(570)				(1,092,430)		(23,204)	(1,115,634)
Contributions from noncontrolling interests in consolidated entities	129						4,441	4,441
Deconsolidation of noncontrolling interest in consolidated entities							(65,358)	(65,358)
Net income (loss)	(9,386)				920,528		19,279	939,807
Other comprehensive income (loss)	(147,782)			(753)		(287,198)	(4,716)	(292,667)
Ending balance at Sep. 30, 2023	1,360,308	731,690	$ 3,002	23,239,088	(4,900,758)	(882,996)	486,548	18,676,574
Ending balance (shares) at Sep. 30, 2023			302,846,026
Beginning 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
Beginning balance (shares) at Dec. 31, 2022			291,148,222
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
Beginning balance at Jun. 30, 2023	1,367,422	731,690	$ 2,967	22,882,200	(5,253,917)	(741,484)	483,702	18,105,158
Beginning balance (shares) at Jun. 30, 2023			299,240,366
CONDENSED CONSOLIDATED STATEMENT OF EQUITY
Conversion of common units to common stock			$ 1	1,150			(1,151)
Conversion of common units to common stock (shares)			15,435
Vesting of restricted stock, net (shares)			66,419
Issuance of common unit, net of offering costs			$ 34	335,279				335,313
Issuance of common units, net of offering costs (in units)			3,454,148
Shares issued under equity plans, net of share settlement to satisfy tax withholding upon vesting				3,551				3,551
Shares issued under equity plans, net of share settlement to satisfy tax withholding upon vesting (shares)			69,658
Reclassification of vested share-based awards				(1,490)			1,490
Amortization of unearned compensation on share-based awards				19,230				19,230
Adjustment to redeemable noncontrolling interests	1,116			(1,116)				(1,116)
Dividends declared on preferred stock					(10,181)			(10,181)
Dividends and distributions on common stock and common and incentive units	(190)				(370,278)		(7,823)	(378,101)
Contributions from noncontrolling interests in consolidated entities							(64)	(64)
Net income (loss)	(2,657)				733,618		14,977	748,595
Other comprehensive income (loss)	(5,383)			284		(141,512)	(4,583)	(145,811)
Ending balance at Sep. 30, 2023	1,360,308	731,690	$ 3,002	23,239,088	(4,900,758)	(882,996)	486,548	18,676,574
Ending balance (shares) at Sep. 30, 2023			302,846,026
Beginning 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
Beginning balance (shares) at Dec. 31, 2023			311,607,580
CONDENSED CONSOLIDATED STATEMENT OF EQUITY
Conversion of common units to common stock				21,044			(21,044)
Conversion of common units to common stock (shares)			290,795
Vesting of restricted stock, net (shares)			165,675
Issuance of common stock, net of costs			$ 197	2,729,880				2,730,077
Issuance of common stock, net of costs (shares)			19,126,996
Shares issued under equity plans, net of share settlement to satisfy tax withholding upon vesting				5,621				5,621
Shares issued under equity plans, net of share settlement to satisfy tax withholding upon vesting (shares)			155,918
Reclassification of vested share-based awards				(26,551)			26,551
Amortization of unearned compensation on share-based awards				64,551				64,551
Adjustment to redeemable noncontrolling interests	4,252			(4,252)				(4,252)
Dividends declared on preferred stock					(30,543)			(30,543)
Dividends and distributions on common stock and common and incentive units	(570)				(1,180,473)		(23,488)	(1,203,961)
Sale of noncontrolling interest in property to DCRU				39,960			12,115	52,075
Contributions from noncontrolling interests in consolidated entities							(21,289)	(21,289)
Net income (loss)	(22,232)				412,921		11,950	424,871
Other comprehensive income (loss)	89,372			2,093		94,028	(3,904)	92,217
Ending balance at Sep. 30, 2024	1,465,636	731,690	$ 3,285	27,229,143	(6,060,642)	(657,365)	464,864	21,710,975
Ending balance (shares) at Sep. 30, 2024			331,346,964
Beginning balance at Jun. 30, 2024	1,399,889	731,690	$ 3,231	26,388,393	(5,701,096)	(884,715)	470,313	21,007,816
Beginning balance (shares) at Jun. 30, 2024			325,885,279
CONDENSED CONSOLIDATED STATEMENT OF EQUITY
Conversion of common units to common stock				5,791			(5,791)
Conversion of common units to common stock (shares)			79,944
Vesting of restricted stock, net (shares)			60,004
Issuance of common stock, net of costs			$ 54	806,047				806,101
Issuance of common stock, net of costs (shares)			5,213,737
Shares issued under equity plans, net of share settlement to satisfy tax withholding upon vesting				4,787				4,787
Shares issued under equity plans, net of share settlement to satisfy tax withholding upon vesting (shares)			108,000
Reclassification of vested share-based awards				(1,631)			1,631
Amortization of unearned compensation on share-based awards				23,435				23,435
Adjustment to redeemable noncontrolling interests	1,526			(1,526)				(1,526)
Dividends declared on preferred stock					(10,181)			(10,181)
Dividends and distributions on common stock and common and incentive units	(190)				(400,659)		(7,728)	(408,387)
Contributions from noncontrolling interests in consolidated entities							(2,045)	(2,045)
Net income (loss)	(9,898)				51,193		(1,161)	50,032
Other comprehensive income (loss)	74,309			3,847		227,350	9,645	240,842
Ending balance at Sep. 30, 2024	$ 1,465,636	$ 731,690	$ 3,285	$ 27,229,143	$ (6,060,642)	$ (657,365)	$ 464,864	$ 21,710,975
Ending balance (shares) at Sep. 30, 2024			331,346,964

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CAPITAL - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance (units)			311,608,000
Issuance of common unit, net of offering costs		$ 335,313,000
Sale of noncontrolling interest in property to DCRU			$ 52,075,000
Contributions from noncontrolling interests in consolidated entities	$ (2,045,000)	(64,000)	(21,289,000)	$ 4,441,000
Deconsolidation of noncontrolling interest in consolidated entities				(65,358,000)
Net income (loss)	50,032,000	748,595,000	424,871,000	939,807,000
Other comprehensive income (loss)	$ 240,842,000	(145,811,000)	$ 92,217,000	(292,667,000)
Ending balance (units)	331,347,000		331,347,000		311,608,000
Digital Realty Trust, L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 21,007,816,000	18,105,158,000	$ 19,601,507,000	18,107,465,000	$ 18,107,465,000
Issuance of common unit, net of offering costs	806,202,000		2,730,178,000	1,077,539,000
Issuance of limited partner common units, net		335,313,000
Units issued under equity plans, net of unit settlement to satisfy tax withholding upon vesting	4,787,000	3,551,000	5,621,000	(23,000)
Amortization of share-based compensation	23,435,000	19,230,000	64,551,000	54,785,000
Adjustment to redeemable partnership units	(1,526,000)	(1,116,000)	(4,252,000)	(3,238,000)
Distributions	(418,568,000)	(388,282,000)	(1,234,504,000)	(1,146,177,000)
Sale of noncontrolling interest in property to DCRU			52,075,000
Contributions from noncontrolling interests in consolidated entities	(2,045,000)	(64,000)	(21,289,000)	4,441,000
Deconsolidation of noncontrolling interest in consolidated entities				(65,358,000)
Net income (loss)	50,032,000	748,595,000	424,871,000	939,807,000
Other comprehensive income (loss)	240,842,000	(145,811,000)	92,217,000	(292,667,000)
Ending balance	21,710,975,000	18,676,574,000	21,710,975,000	18,676,574,000	19,601,507,000
Redeemable Interests | Digital Realty Trust, L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	1,399,889,000	1,367,422,000	1,394,814,000	1,514,679,000	1,514,679,000
Adjustment to redeemable partnership units	1,526,000	1,116,000	4,252,000	3,238,000
Distributions	(190,000)	(190,000)	(570,000)	(570,000)
Contributions from noncontrolling interests in consolidated entities				129,000
Net income (loss)	(9,898,000)	(2,657,000)	(22,232,000)	(9,386,000)
Other comprehensive income (loss)	74,309,000	(5,383,000)	89,372,000	(147,782,000)
Ending balance	1,465,636,000	1,360,308,000	1,465,636,000	1,360,308,000	1,394,814,000
AOCI Attributable to Parent [Member] | Digital Realty Trust, L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	(908,943,000)	(762,492,000)	(772,668,000)	(613,423,000)	(613,423,000)
Other comprehensive income (loss)	231,936,000	(144,686,000)	95,661,000	(293,755,000)
Ending balance	(677,007,000)	(907,178,000)	(677,007,000)	(907,178,000)	(772,668,000)
Noncontrolling Interests in Consolidated Joint Ventures | Digital Realty Trust, L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	36,060,000	47,603,000	45,892,000	104,814,000	104,814,000
Sale of noncontrolling interest in property to DCRU			12,115,000
Contributions from noncontrolling interests in consolidated entities	(2,045,000)	(64,000)	(21,289,000)	4,441,000
Deconsolidation of noncontrolling interest in consolidated entities				(65,358,000)
Net income (loss)	(2,141,000)	(948,000)	3,450,000	(556,000)
Other comprehensive income (loss)	5,059,000	(1,409,000)	(3,235,000)	1,841,000
Ending balance	36,933,000	45,182,000	36,933,000	45,182,000	45,892,000
General Partner [Member] | Preferred Units | Digital Realty Trust, L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 731,690,000	$ 731,690,000	$ 731,690,000	$ 731,690,000	$ 731,690,000
Beginning balance (units)	30,200,000	30,200,000	30,200,000	30,200,000	30,200,000
Distributions	$ (10,181,000)	$ (10,181,000)	$ (30,543,000)	$ (30,543,000)
Net income (loss)	10,181,000	10,181,000	30,543,000	30,543,000
Ending balance	$ 731,690,000	$ 731,690,000	$ 731,690,000	$ 731,690,000	$ 731,690,000
Ending balance (units)	30,200,000	30,200,000	30,200,000	30,200,000	30,200,000
General Partner [Member] | Common Units | Digital Realty Trust, L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 20,690,528,000	$ 17,631,250,000	$ 19,137,237,000	$ 17,447,442,000	$ 17,447,442,000
Beginning balance (units)	325,885,279	299,240,366	311,607,580	291,148,222	291,148,222
Conversion of limited partner common units to general partner common units	$ 5,791,000	$ 1,151,000	$ 21,044,000	$ 5,592,000
Conversion of limited partner common units to general partner common units (units)	79,944	15,435	290,795	77,432
Vesting of restricted common units, net (units)	60,004	66,419	165,675	221,907
Issuance of common unit, net of offering costs	$ 806,202,000		$ 2,730,178,000	$ 1,077,539,000
Issuance of common units, net of offering costs (in units)	5,213,737		19,126,996	11,274,926
Issuance of limited partner common units, net		$ 335,313,000
Issuance of limited partner common units, net (in units)		3,454,148
Units issued under equity plans, net of unit settlement to satisfy tax withholding upon vesting	$ 4,787,000	$ 3,551,000	$ 5,621,000	$ (23,000)
Units issued under equity plans, net of unit settlement to satisfy tax withholding upon vesting (in units)	108,000	69,658	155,918	123,539
Amortization of share-based compensation	$ 23,435,000	$ 19,230,000	$ 64,551,000	$ 54,785,000
Reclassification of vested share-based awards	(1,631,000)	(1,490,000)	(26,551,000)	(37,567,000)
Adjustment to redeemable partnership units	(1,526,000)	(1,116,000)	(4,252,000)	(3,238,000)
Distributions	(400,659,000)	(370,278,000)	(1,180,473,000)	(1,092,430,000)
Sale of noncontrolling interest in property to DCRU			39,960,000
Net income (loss)	41,012,000	723,437,000	382,378,000	889,985,000
Other comprehensive income (loss)	3,847,000	284,000	2,093,000	(753,000)
Ending balance	$ 21,171,786,000	$ 18,341,332,000	$ 21,171,786,000	$ 18,341,332,000	$ 19,137,237,000
Ending balance (units)	331,346,964	302,846,026	331,346,964	302,846,026	311,607,580
Limited Partner [Member] | Common Units | Digital Realty Trust, L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance	$ 458,481,000	$ 457,107,000	$ 459,356,000	$ 436,942,000	$ 436,942,000
Beginning balance (units)	6,460,947	6,483,064	6,448,987	6,288,669	6,288,669
Conversion of limited partner common units to general partner common units	$ (5,791,000)	$ (1,151,000)	$ (21,044,000)	$ (5,592,000)
Conversion of limited partner common units to general partner common units (units)	(79,944)	(15,435)	(290,795)	(77,432)
Issuance of common units, net of offering costs (in units)				268,157
Issuance of limited partner common units, net		$ 11,765
Issuance of limited partner common units, net (in units)	15,529		238,340
Reclassification of vested share-based awards	$ 1,631,000	1,490,000	$ 26,551,000	$ 37,567,000
Distributions	(7,728,000)	(7,823,000)	(23,488,000)	(23,204,000)
Net income (loss)	980,000	15,925,000	8,500,000	19,835,000
Other comprehensive income (loss)			(2,302,000)
Ending balance	$ 447,573,000	$ 465,548,000	$ 447,573,000	$ 465,548,000	$ 459,356,000
Ending balance (units)	6,396,532	6,479,394	6,396,532	6,479,394	6,448,987

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 402,639	$ 930,421
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on disposition of properties, net	(450,940)	(900,634)
Provision for impairment	168,303	113,000
Equity in loss (earnings) of unconsolidated entities	83,937	(163)
Distributions from unconsolidated entities	67,325	51,068
Depreciation and amortization	1,316,442	1,274,384
Amortization of share-based compensation	60,675	54,785
Loss on debt extinguishment and modifications	3,706
Straight-lined rents and amortization of above and below market leases	(19,950)	(18,597)
Amortization of deferred financing costs and debt discount / premium	24,373	19,705
Other operating activities, net	349	(20,345)
Changes in assets and liabilities:
Increase in accounts receivable and other assets	(228,896)	(343,767)
Increase in accounts payable and other liabilities	64,039	12,618
Net cash provided by operating activities	1,492,002	1,172,475
Cash flows from investing activities:
Improvements to investments in real estate	(2,096,330)	(2,466,462)
Cash paid for business combination / asset acquisitions, net of cash acquired	(317,297)	(45,856)
Investments in and advances to unconsolidated entities	(234,362)	(12,421)
Return of investment from unconsolidated entities	99,864
Proceeds from sale of assets	1,246,351	2,470,684
Other investing activities, net	(92,393)	(44,651)
Net cash used in investing activities	(1,394,167)	(98,706)
Cash flows from financing activities:
Proceeds from credit facilities	1,162,180	2,256,973
Payments on credit facilities	(1,192,606)	(2,700,310)
Borrowings on secured / unsecured debt	1,027,507	827,759
Repayments on secured / unsecured debt	(1,616,353)	(3,081)
Capital (distribution to) contributions from noncontrolling interests, net	(21,289)	4,570
Proceeds from issuance of common stock, net	2,730,178	1,077,538
Payments of dividends and distributions	(1,623,062)	(1,510,463)
Other financing activities, net	55,379	(61,261)
Net cash provided by (used in) financing activities	521,934	(108,275)
Net increase in cash, cash equivalents and restricted cash	619,769	965,494
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(74,131)	(43,745)
Cash, cash equivalents and restricted cash at beginning of period	1,636,470	150,696
Cash, cash equivalents and restricted cash at end of period	2,182,108	1,072,445
Digital Realty Trust, L.P.
Cash flows from operating activities:
Net income	402,639	930,421
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on disposition of properties, net	(450,940)	(900,634)
Provision for impairment	168,303	113,000
Equity in loss (earnings) of unconsolidated entities	83,937	(163)
Distributions from unconsolidated entities	67,325	51,068
Depreciation and amortization	1,316,442	1,274,384
Amortization of share-based compensation	60,675	54,785
Loss on debt extinguishment and modifications	3,706
Straight-lined rents and amortization of above and below market leases	(19,950)	(18,597)
Amortization of deferred financing costs and debt discount / premium	24,373	19,705
Other operating activities, net	349	(20,345)
Changes in assets and liabilities:
Increase in accounts receivable and other assets	(228,896)	(343,767)
Increase in accounts payable and other liabilities	64,039	12,618
Net cash provided by operating activities	1,492,002	1,172,475
Cash flows from investing activities:
Improvements to investments in real estate	(2,096,330)	(2,466,462)
Cash paid for business combination / asset acquisitions, net of cash acquired	(317,297)	(45,856)
Investments in and advances to unconsolidated entities	(234,362)	(12,421)
Return of investment from unconsolidated entities	99,864
Proceeds from sale of assets	1,246,351	2,470,684
Other investing activities, net	(92,393)	(44,651)
Net cash used in investing activities	(1,394,167)	(98,706)
Cash flows from financing activities:
Proceeds from credit facilities	1,162,180	2,256,973
Payments on credit facilities	(1,192,606)	(2,700,310)
Borrowings on secured / unsecured debt	1,027,507	827,759
Repayments on secured / unsecured debt	(1,616,353)	(3,081)
Capital (distribution to) contributions from noncontrolling interests, net	(21,289)	4,570
General partner contributions	2,730,178	1,077,538
Payments of dividends and distributions	(1,623,062)	(1,510,463)
Other financing activities, net	55,379	(61,261)
Net cash provided by (used in) financing activities	521,934	(108,275)
Net increase in cash, cash equivalents and restricted cash	619,769	965,494
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(74,131)	(43,745)
Cash, cash equivalents and restricted cash at beginning of period	1,636,470	150,696
Cash, cash equivalents and restricted cash at end of period	$ 2,182,108	$ 1,072,445

General

General	9 Months Ended
	Sep. 30, 2024
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. ​ New Accounting Pronouncements.

Investments in Properties

Investments in Properties	9 Months Ended
	Sep. 30, 2024
Investments in Properties
Investments in Properties	2. Investments in Properties ​ A summary of our investments in properties is below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Property Type ​ As of September 30, 2024 ​ ​ As of December 31, 2023 Land ​ $ 1,175,270 ​ ​ $ 1,087,278 Acquired ground lease ​ ​ 92 ​ ​ ​ 91 Buildings and improvements ​ ​ 26,725,546 ​ ​ ​ 25,388,788 Tenant improvements ​ ​ 907,862 ​ ​ ​ 830,211 ​ ​ ​ 28,808,770 ​ ​ ​ 27,306,368 Accumulated depreciation and amortization ​ ​ (8,777,002) ​ ​ ​ (7,823,685) Investments in operating properties, net ​ ​ 20,031,768 ​ ​ ​ 19,482,683 Construction in progress and space held for development ​ ​ 5,175,054 ​ ​ ​ 4,635,215 Land held for future development ​ ​ 23,392 ​ ​ ​ 118,190 Investments in properties, net ​ $ 25,230,214 ​ ​ $ 24,236,088 ​ Acquisitions ​ In January 2024, we acquired a 16-acre site in Paris for $80 million. Prior to the acquisition, we leased the land, which consisted of two completed data centers and two data centers under construction. As a result of the land acquisition, we derecognized the right-of-use assets and lease liabilities of $145 million and $150 million, respectively. ​ In July 2024, the Company acquired two data centers located in the Slough Trading Estate for $200 million. The newly acquired campus features two individual data centers with a combined capacity of 15 megawatts (MW). ​ Dispositions ​ On January 11, 2024, we formed a joint venture with Blackstone Inc. 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. 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 in the fourth quarter of 2024, subject to obtaining the required approvals. We received approximately $231 million of net proceeds from the contribution of our data centers to the first phase of the joint venture and retained a 20% interest in the joint venture. As a result of transferring control, we derecognized the data centers and recognized a loss on disposition of approximately $0.3 million. In January 2024, we closed on the sale of our interest in four data centers to Brookfield Infrastructure Partners L.P., or Brookfield, for approximately $271 million. of the data centers were owned by Digital Core REIT (see Note 5. “Investments in Unconsolidated Entities”). The sale was completed subsequent to Brookfield’s November 2023 acquisition of one of our customers, Cyxtera Technologies. The acquisition was part of Cyxtera’s plan of reorganization under its Chapter 11 bankruptcy proceedings. In conjunction with the sale, we bought out Cyxtera’s leases in million. In addition, Brookfield assumed the leases on three facilities previously leased to Cyxtera and amended the leases on additional data centers in North America, accelerating the expiration date to September 2024. As a result of the sale, we recognized a total gain on disposition of approximately On March 1, 2024, we formed a joint venture with Mitsubishi Corporation, or Mitsubishi, to support the development of two data centers in the Dallas metro area. The facilities were 100% pre-leased prior to construction. We contributed the two data center buildings at a contribution value of approximately $261 million. We received approximately $153 million of gross proceeds from the contribution of our data centers to the joint venture and retained a 35% interest in the joint venture. Mitsubishi paid such cash in exchange for a 65% interest in the joint venture. As a result of transferring control, we derecognized the data centers and recognized a gain on disposition of approximately $7.1 million. On April 16, 2024, we expanded our existing joint venture with GI Partners with the sale to GI Partners of a 75% interest in a third facility on the same hyperscale data center campus in Chicago. We contributed the data center at a value of approximately $453 million. We received approximately $386 million of net proceeds from the contribution of our data center to the joint venture and the associated financing and retained a 25% interest in the joint venture. As a result of transferring control, we derecognized the data center and recognized a gain on disposition of approximately $172 million. During our second quarter 2024 impairment review, we determined that certain non-core properties in secondary U.S. markets had carrying amounts that may not be fully recoverable as we determined that we no longer intend to hold these properties long-term. Accordingly, the recorded amounts were reduced to reflect management’s estimate of fair value based on sales of similar properties and ongoing negotiations with third parties. During the nine months ended September 30, 2024, we recorded a provision for impairment on real estate investments of

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases
Leases	3. Leases Lessor Accounting We generate most of our revenue by leasing operating properties to customers under operating lease agreements. We recognize the total minimum lease payments provided for under the leases on a straight-line basis over the lease term if we determine that it is probable that substantially all of the lease payments will be collected over the lease term. Otherwise, rental revenue is recognized based on the amount contractually due. Generally, under the terms of our leases, some of our rental expenses, including common area maintenance, real estate taxes and insurance, are recovered from our customers. We record amounts reimbursed by customers in the period the applicable expenses are incurred, which is generally ratably throughout the term of the lease. Reimbursements are recognized in rental and other services revenue in the condensed consolidated income statements as we are the primary obligor with respect to purchasing and selecting goods and services from third-party vendors and bearing the associated credit risk. Our largest customer’s total revenue approximates 11% of our total revenue base. No other individual customer makes up more than 6% of our total revenue. Lessee Accounting ​ We lease space at certain of our data centers from third parties and certain equipment under noncancelable lease agreements. Leases for our data centers expire at various dates through 2069. As of September 30, 2024, certain of our data centers, primarily in Europe and Singapore, are subject to ground leases. As of September 30, 2024, the termination dates of these ground leases generally range from 2038 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 neither contain residual value guarantees nor 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 condensed consolidated income statements amounted to approximately $39.2 million and $37.4 million for the three months ended September 30, 2024 and 2023, respectively, and approximately $112.6 million and $114.1 million for the nine months ended September 30, 2024 and 2023, respectively.

Receivables

Receivables	9 Months Ended
	Sep. 30, 2024
Receivables
Receivables	​ 4. Receivables ​ 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): ​ September 30, 2024 ​ December 31, 2023 Accounts receivable – trade ​ $ 686,058 ​ $ 694,252 Allowance for doubtful accounts ​ ​ (56,353) ​ ​ (41,204) Accounts receivable – trade, net ​ ​ 629,705 ​ ​ 653,048 ​ ​ ​ ​ ​ ​ ​ Accounts receivable – customer recoveries ​ ​ 204,014 ​ ​ 233,499 Value-added tax receivables ​ ​ 187,929 ​ ​ 257,911 Accounts receivable – installation fees ​ ​ 127,355 ​ ​ 65,203 Other receivables ​ ​ 125,457 ​ ​ 68,449 Accounts and other receivables, net ​ $ 1,274,460 ​ $ 1,278,110 ​ 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of ​ Balance as of (Amounts in thousands): ​ September 30, 2024 ​ December 31, 2023 Deferred rent receivables ​ $ 648,930 ​ $ 657,009 Allowance for deferred rent receivables ​ ​ (7,152) ​ ​ (32,582) Deferred rent, net ​ $ 641,778 ​ $ 624,427 ​

Investments in Unconsolidated E

Investments in Unconsolidated Entities	9 Months Ended
	Sep. 30, 2024
Investments in Unconsolidated Entities.
Investments in Unconsolidated Entities	​ 5. 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 ​ ​ ​ September 30, 2024 ​ ​ December 31, 2023 Americas (1)(5) ​ $ 1,425,199 ​ $ 1,363,226 APAC (2) ​ ​ 613,748 ​ ​ 569,996 EMEA (3) ​ ​ 113,975 ​ ​ 28,334 Global (4) ​ ​ 303,526 ​ ​ 334,333 Total ​ $ 2,456,448 ​ $ 2,295,889 Includes the following unconsolidated entities along with our ownership percentage: (1) Ascenty ( 51% ), Blackstone ( 20% ), Clise ( 50% ), GI Partners ( 20% ), Mapletree ( 20% ), Menlo ( 20% ), Mitsubishi ( 35% ), Realty Income ( 20% ), TPG Real Estate ( 20% ), and Walsh ( 85% ). (2) Digital Connexion ( 33% ), Lumen ( 50% ), and MC Digital Realty ( 50% ). (3) Blackstone ( 20% ), Medallion ( 60% ), and Mivne ( 50% ). (4) Digital Core REIT ( 38% ). (5) In May 2024, we liquidated our 17% interest in Colovore, generating gross proceeds of approximately $35 million. We realized a gain of approximately $27 million on our original investments, made in 2015 and 2017. The gain is included within Other income, net on our condensed consolidated income statements. ​ Generally, we serve as the managing member responsible for operations in the ordinary course of business of the joint ventures. We perform the day-to-day accounting and property management functions for the joint ventures and, as such, will earn management fees. However, certain approval rights are granted through the terms of the joint venture agreements and require unanimous consent of both members with respect to any major decisions. Generally, 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 ventures under the equity method of accounting. ​ GI Partners Joint Venture – ​ TPG Real Estate Joint Venture – Realty Income Joint Venture ​ Blackstone Joint Venture ​ Mitsubishi Joint Venture ​ DCREIT ​ As of September 30, 2024, the Company held 32% of the outstanding DCRU units and separately owned a 10% direct retained interest in the underlying North American operating properties. DCREIT has a 49.9% interest in a consolidated asset in Frankfurt which we account for as noncontrolling interest. ​ The Company’s 32% interest in DCRU consisted of 414 million units and 406 million units as of September 30, 2024 and December 31, 2023, respectively. Based on the closing price per unit of $0.62 and $0.65 as of September 30, 2024 and December 31, 2023, respectively, the fair value of the units the Company owned in DCRU was approximately $257 million and $264 million as of September 30, 2024 and December 31, 2023, respectively. ​ 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. The Company earned fees pursuant to these contractual agreements of approximately $0.8 million and $2.4 million for the three months ended September 30, 2024 and 2023, respectively, and $6.8 million and $7.3 million for the nine months ended September 30, 2024 and 2023, respectively, which is recorded as fee income and other on the condensed consolidated income statement. ​ On April 19, 2024, we completed the sale of an additional 24.9% interest in a data center facility in Frankfurt, Germany to DCREIT for total consideration of approximately $126 million, and DCREIT now has a 49.9% interest in the Frankfurt data center. Because the Company still controls this asset, no gain or loss was recorded on this 49.9% interest. In connection with this transaction, DCREIT loaned the consolidated subsidiary that owns the data center approximately $80 million. As of September 30, 2024, DCREIT has loaned $160.4 million, which is secured by the Frankfurt data center and is recorded in our condensed consolidated balance sheets within Accounts payable and other accrued liabilities. ​ Ascenty ​ Debt –

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2024
Goodwill.
Goodwill	6. 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 September 30, 2024 as compared to December 31, 2023 were primarily driven by changes in exchange rates associated with goodwill balances denominated in foreign currencies. ​

Acquired Intangible Assets and

Acquired Intangible Assets and Liabilities	9 Months Ended
	Sep. 30, 2024
Acquired Intangible Assets and Liabilities
Acquired Intangible Assets and Liabilities	7. Acquired Intangible Assets and Liabilities The following table summarizes our acquired intangible assets and liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of ​ ​ September 30, 2024 ​ December 31, 2023 (Amounts in thousands) ​ ​ Gross Carrying Amount ​ ​ Accumulated Amortization ​ ​ Net Carrying Amount ​ ​ Gross Carrying Amount ​ ​ Accumulated Amortization ​ ​ Net Carrying Amount Customer relationship value ​ $ 2,926,388 ​ $ (1,068,137) ​ $ 1,858,251 ​ $ 2,926,808 ​ $ (952,943) ​ $ 1,973,865 Acquired in-place lease value ​ ​ 1,080,649 ​ ​ (871,818) ​ ​ 208,831 ​ ​ 1,089,743 ​ ​ (859,167) ​ ​ 230,576 Other ​ ​ 126,624 ​ ​ (37,654) ​ ​ 88,970 ​ ​ 108,744 ​ ​ (33,483) ​ ​ 75,261 Acquired above-market leases ​ ​ 136,757 ​ ​ (131,780) ​ ​ 4,977 ​ ​ 153,205 ​ ​ (150,344) ​ ​ 2,861 Acquired below-market leases ​ ​ (266,513) ​ ​ 225,398 ​ ​ (41,115) ​ ​ (273,951) ​ ​ 226,840 ​ ​ (47,111) ​ Amortization of customer relationship value, acquired in-place lease value and other intangibles (a component of depreciation and amortization expense) was approximately $61.5 million and $59.8 million for the three months ended September 30, 2024 and 2023, respectively, and approximately $178.0 million and $194.4 million for the nine months ended September 30, 2024 and 2023, respectively. ​ Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase in rental and other services revenue of $1.2 million and $1.6 million for the three months ended September 30, 2024 and 2023, respectively, and approximately $4.0 million and $5.1 million for the nine months ended September 30, 2024 and 2023, respectively. ​ Estimated annual amortization for each of the five succeeding years and thereafter, commencing October 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 $ 45,679 ​ $ 15,486 ​ $ 743 ​ $ 310 ​ $ (1,568) 2025 178,648 ​ 56,363 ​ 2,970 ​ 1,242 ​ (6,242) 2026 178,011 ​ 55,202 ​ 2,970 ​ 1,124 ​ (5,441) 2027 177,619 ​ 45,304 ​ 2,970 ​ 988 ​ (4,796) 2028 155,174 ​ 24,631 ​ 2,989 ​ 986 ​ (4,591) Thereafter 1,123,120 ​ 11,845 ​ 7,330 ​ 327 ​ (18,477) Total $ 1,858,251 ​ $ 208,831 ​ $ 19,972 ​ $ 4,977 ​ $ (41,115) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Excludes power grid rights in the amount of approximately $69.0 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	9 Months Ended
	Sep. 30, 2024
Debt of the Operating Partnership
Debt of the Operating Partnership	8. 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 (together, referred to as the “Global Revolving Credit Facilities”), the unsecured term loans and the unsecured senior notes. A summary of outstanding indebtedness is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 December 31, 2023 ​ ​ Weighted- ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ average ​ Amount ​ average ​ Amount ​ ​ interest rate ​ Outstanding ​ interest rate ​ Outstanding Global Revolving Credit Facilities ​ 3.76 % ​ $ 1,814,927 ​ 4.33 % ​ $ 1,825,228 Unsecured term loans ​ 4.29 % ​ ​ 917,563 ​ 4.76 % ​ ​ 1,567,925 Unsecured senior notes ​ 2.33 % ​ ​ 13,610,252 ​ 2.24 % ​ ​ 13,507,427 Secured and other debt ​ 8.48 % ​ 766,304 ​ 8.07 % ​ 637,072 Total ​ 2.86 % ​ $ 17,109,046 2.89 % ​ $ 17,537,652 ​ 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ ​ Amount ​ ​ ​ ​ Amount ​ ​ ​ Denomination of Draw Outstanding % of Total ​ Outstanding % of Total U.S. dollar ($) ​ $ 2,550,614 14.9 % ​ $ 2,784,875 15.9 % British pound sterling (£) ​ 1,738,750 10.2 % ​ ​ 1,973,305 ​ 11.2 % Euro ( € ​ ​ 10,748,658 ​ 62.8 % ​ ​ 10,835,878 ​ 61.8 % Other ​ ​ 2,071,024 ​ 12.1 % ​ ​ 1,943,594 ​ 11.1 % Total ​ $ 17,109,046 ​ ​ ​ $ 17,537,652 ​ ​ ​ The table below summarizes debt maturities and principal payments as of September 30, 2024 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Global Revolving ​ Unsecured ​ Unsecured ​ Secured and ​ ​ ​ ​ Credit Facilities (1)(2) Term Loans (3)(4)(5) Senior Notes Other Debt Total Debt 2024 ​ $ — ​ $ — ​ $ — ​ $ 140 ​ $ 140 2025 ​ ​ — ​ ​ 917,563 ​ ​ 1,258,775 ​ ​ 853 ​ ​ 2,177,191 2026 ​ ​ — ​ ​ — ​ ​ 1,522,211 ​ ​ 127,129 ​ ​ 1,649,340 2027 ​ — ​ — ​ 1,177,381 ​ 242,371 ​ 1,419,752 2028 ​ — ​ — ​ 2,106,750 ​ 378,106 ​ 2,484,856 Thereafter ​ 1,814,927 ​ — ​ 7,545,135 ​ 17,705 ​ 9,377,767 Subtotal ​ $ 1,814,927 ​ $ 917,563 ​ $ 13,610,252 ​ $ 766,304 ​ $ 17,109,046 Unamortized net discounts ​ — ​ — ​ (30,652) ​ (3,992) ​ (34,644) Unamortized deferred financing costs ​ ​ (28,006) ​ ​ (3,830) ​ ​ (51,539) ​ ​ (4,481) ​ ​ (87,856) Total ​ $ 1,786,921 ​ $ 913,733 ​ $ 13,528,061 ​ $ 757,831 ​ $ 16,986,546 (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 $500 million currently 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 resulted in an early extinguishment charge of approximately $1.1 million during the nine months ended September 30, 2024. (5) On September 13, 2024, we paid down €375 million on the Euro Term Loan Facilities, leaving €375 million outstanding. The paydown resulted in an early extinguishment charge of approximately $1.6 million during the nine months ended September 30, 2024. ​ On September 24, 2024, we refinanced our Global Revolving Credit Facilities. Below are key terms for our Global Revolving Credit Facility and Yen Revolving Credit Facility. ​ ​ ​ ​ Global Revolving Credit Facility ​ We have a Global Revolving Credit Facility under which we may draw up to $4.2 billion equivalent 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, Indonesian rupiah, Japanese yen, Korean won, Singapore dollars, Swiss francs and U.S. dollars (with the ability to add other currencies in the future). ​ We have the ability to increase the size of the Global Revolving Credit Facility by up to $1.8 billion, subject to the receipt of lender commitments and the satisfaction of certain customary conditions precedent. Other key terms of the Global Revolving Credit Facility are as follows: ​ ● Maturity date: January 24, 2029, 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 (subject to a sustainability-linked pricing component). ● Annual facility fee: based on the total commitment amount of the facility and the credit ratings of our long-term debt is currently 20 basis points (subject to a sustainability-linked pricing component) 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 ¥42.5 billion (approximately $296.8 million based on the exchange rate on September 24, 2024), 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 ¥102.5 billion, 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, 2029, 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 (subject to a sustainability-linked pricing component). ● Quarterly unused commitment fee: currently is 10 basis points (subject to a sustainability-linked pricing component), 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. ​ 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 ​ September 30, 2024 ​ December 31, 2023 2.625% notes due 2024 (1) ​ € 600,000 ​ $ 677,040 ​ Apr 15, 2024 ​ $ — ​ $ 662,340 2.750% notes due 2024 (2) ​ £ 250,000 ​ $ 324,925 ​ Jul 19, 2024 ​ ​ — ​ ​ 318,275 4.250% notes due 2025 ​ £ 400,000 ​ $ 634,480 ​ Jan 17, 2025 ​ ​ 535,000 ​ ​ 509,240 0.625% notes due 2025 ​ € 650,000 ​ $ 720,980 ​ Jul 15, 2025 ​ ​ 723,775 ​ ​ 717,535 2.500% notes due 2026 ​ € 1,075,000 ​ $ 1,224,640 ​ Jan 16, 2026 ​ ​ 1,197,013 ​ ​ 1,186,693 0.200% notes due 2026 ​ CHF 275,000 ​ $ 298,404 ​ Dec 15, 2026 ​ ​ 325,198 ​ ​ 326,826 1.700% notes due 2027 ​ CHF 150,000 ​ $ 162,465 ​ Mar 30, 2027 ​ ​ 177,381 ​ ​ 178,269 3.700% notes due 2027 (3) ​ $ 1,000,000 ​ $ 1,000,000 ​ Aug 15, 2027 ​ ​ 1,000,000 ​ ​ 1,000,000 5.550% notes due 2028 (3) ​ $ 900,000 ​ $ 900,000 ​ Jan 15, 2028 ​ ​ 900,000 ​ ​ 900,000 1.125% notes due 2028 ​ € 500,000 ​ $ 548,550 ​ Apr 09, 2028 ​ ​ 556,750 ​ ​ 551,950 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 ​ ​ 319,285 ​ ​ 320,884 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 ​ ​ 468,125 ​ ​ 445,585 1.500% notes due 2030 ​ € 750,000 ​ $ 831,900 ​ Mar 15, 2030 ​ ​ 835,125 ​ ​ 827,925 3.750% notes due 2030 ​ £ 550,000 ​ $ 719,825 ​ Oct 17, 2030 ​ ​ 735,625 ​ ​ 700,205 1.250% notes due 2031 ​ € 500,000 ​ $ 560,950 ​ Feb 01, 2031 ​ ​ 556,750 ​ ​ 551,950 0.625% notes due 2031 ​ € 1,000,000 ​ $ 1,220,700 ​ Jul 15, 2031 ​ ​ 1,113,500 ​ ​ 1,103,900 1.000% notes due 2032 ​ € 750,000 ​ $ 874,500 ​ Jan 15, 2032 ​ ​ 835,125 ​ ​ 827,925 1.375% notes due 2032 ​ € 750,000 ​ $ 849,375 ​ Jul 18, 2032 ​ ​ 835,125 ​ ​ 827,925 3.875% notes due 2033 ​ € 850,000 ​ $ 941,375 ​ Sep 13, 2033 ​ ​ 946,475 ​ ​ — ​ ​ $ 13,610,252 ​ $ 13,507,427 Unamortized discounts, net of premiums ​ ​ ​ ​ ​ ​ ​ (30,652) ​ ​ (33,324) Deferred financing costs, net ​ ​ ​ ​ ​ ​ ​ (51,539) ​ ​ (51,761) Total unsecured senior notes, net of discount and deferred financing costs ​ $ 13,528,061 ​ $ 13,422,342 (1) Paid at maturity on April 15, 2024. (2) Paid at maturity on July 19, 2024. (3) 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 September 30, 2024, we were in compliance with each of these financial covenants. ​ Issuance of Unsecured Senior Notes ​ On September 13, 2024, Digital Dutch Finco B.V., an indirect wholly owned finance subsidiary of the Operating Partnership, issued and sold €850 million aggregate principal amount of 3.875% Guaranteed Notes due 2033 (the “2033 Notes”). Net proceeds from the offering were approximately €843 million (approximately $933 million based on the exchange rate on September 13, 2024) after deducting managers’ discounts and estimated offering expenses.

Earnings per Common Share or Un

Earnings per Common Share or Unit	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings per Common Share or Unit	​ 9. 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available to common stockholders ​ $ 41,012 ​ $ 723,437 ​ $ 382,378 ​ $ 889,985 Loss attributable to redeemable noncontrolling interest (1) ​ ​ (9,918) ​ ​ (3,032) ​ ​ (22,432) ​ ​ (9,851) Net income available to common stockholders - diluted EPS ​ ​ 31,094 ​ ​ 720,405 ​ ​ 359,946 ​ ​ 880,134 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding—basic ​ 327,977 ​ 301,827 ​ 319,965 ​ 296,184 Potentially dilutive common shares: ​ ​ ​ ​ ​ ​ Unvested incentive units ​ 77 ​ 97 ​ 67 ​ 78 Unvested restricted stock ​ ​ 69 ​ ​ 43 ​ ​ 39 ​ ​ 3 Forward equity offering ​ ​ — ​ ​ 209 ​ ​ — ​ ​ 253 Market performance-based awards ​ 228 ​ 166 ​ 285 ​ 90 Redeemable noncontrolling interest shares (1) ​ ​ 7,898 ​ ​ 8,999 ​ ​ 8,285 ​ ​ 10,127 Weighted average shares outstanding—diluted ​ 336,249 ​ 311,341 ​ 328,641 ​ 306,735 Income per share: ​ ​ ​ ​ Basic ​ $ 0.13 ​ $ 2.40 ​ $ 1.20 ​ $ 3.00 Diluted ​ $ 0.09 ​ $ 2.31 ​ $ 1.10 ​ $ 2.87 ​ Digital Realty Trust, L.P. Earnings per Unit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available to common unitholders ​ $ 42,012 ​ $ 739,737 ​ $ 391,078 ​ $ 910,285 Loss attributable to redeemable noncontrolling interest (1) ​ ​ (9,918) ​ ​ (3,032) ​ ​ (22,432) ​ ​ (9,851) Net income available to common unitholders - diluted EPS ​ ​ 32,094 ​ ​ 736,705 ​ ​ 368,646 ​ ​ 900,434 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average units outstanding—basic ​ 334,103 ​ 308,024 ​ 326,154 ​ 302,316 Potentially dilutive common units: ​ ​ ​ ​ Unvested incentive units ​ 77 ​ 97 ​ 67 ​ 78 Unvested restricted units ​ ​ 69 ​ ​ 43 ​ ​ 39 ​ ​ 3 Forward equity offering ​ ​ — ​ ​ 209 ​ ​ — ​ ​ 253 Market performance-based awards ​ 228 ​ 166 ​ 285 ​ 90 Redeemable noncontrolling interest shares (1) ​ ​ 7,898 ​ ​ 8,999 ​ ​ 8,285 ​ ​ 10,127 Weighted average units outstanding—diluted ​ 342,375 ​ 317,538 ​ 334,830 ​ 312,867 Income per unit: ​ ​ ​ ​ Basic ​ $ 0.13 ​ $ 2.40 ​ $ 1.20 ​ $ 3.01 Diluted ​ $ 0.09 ​ $ 2.32 ​ $ 1.10 ​ $ 2.88 (1) As part of the acquisition of Teraco in 2022, certain of Teraco's minority indirect shareholders (“Rollover Shareholders”) have the right to put their shares in an upstream parent company of Teraco (“Remaining Interest”) to the Company in exchange for cash or the equivalent value of shares of the Company common stock, or a combination thereof. 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. ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 Shares subject to Forward Equity Offering ​ — ​ 3,454 ​ — ​ 3,454 Weighted average of Operating Partnership common units not owned by Digital Realty Trust, Inc. 6,125 6,197 6,189 6,132 Potentially dilutive Series J Cumulative Redeemable Preferred Stock 1,264 1,647 1,355 1,891 Potentially dilutive Series K Cumulative Redeemable Preferred Stock ​ 1,329 ​ 1,732 ​ 1,425 ​ 1,988 Potentially dilutive Series L Cumulative Redeemable Preferred Stock ​ 2,180 ​ 2,841 ​ 2,337 ​ 3,261 Total 10,898 15,871 11,306 16,726 ​

Equity and Capital

Equity and Capital	9 Months Ended
	Sep. 30, 2024
Equity and Capital
Equity and Capital	​ 10. Equity and Capital Equity Distribution Agreement Digital Realty Trust, Inc. and Digital Realty Trust, L.P. were parties to an ATM Equity Offering SM The 2023 Sales Agreement was amended on February 23, 2024 (the “2024 Sales Agreement Amendment”). At the time of the amendment, $258.3 million remained unsold under the 2023 Sales Agreement. Pursuant to the 2024 Sales Agreement Amendment, Digital Realty Trust, Inc. can issue and sell common stock having an aggregate offering price of up to $2.0 billion through various named agents from time to time. During the nine months ended September 30, 2024, Digital Realty Trust, Inc. generated net proceeds of approximately $983 million from the issuance of approximately 6.4 million common shares under the 2024 Sales Agreement Amendment at an average price of $154.84 per share before payment of approximately $9.9 million of commissions to the agents. Subsequent to September 30, 2024, Digital Realty Trust, Inc. generated net proceeds of approximately Equity Offering On May 7, 2024, Digital Realty Trust, Inc. and Digital Realty Trust, L.P. entered into an underwriting agreement with BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters relating to the sale of up to approximately 12.1 million shares of common stock (including approximately 1.6 million shares that the underwriters had the option to purchase, and which option was exercised in full on May 8, 2024), at a purchase price to the underwriters of $136.66 per share. The offering closed on May 10, 2024, and we received net proceeds of approximately $1.7 billion. ​ 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 September 30, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ ​ Number of ​ Percentage of ​ Number of ​ Percentage of (Units in thousands) units total ​ units total Digital Realty Trust, Inc. ​ 331,347 ​ 98.1 % ​ 311,608 ​ 98.0 % Noncontrolling interests consist of: ​ ​ ​ ​ Common units held by third parties 4,254 1.3 % ​ 4,343 1.3 % Incentive units held by employees and directors (see Note 12. ''Incentive Plans'') 2,143 0.6 % ​ 2,106 0.7 % ​ 337,744 100.0 % ​ 318,057 100.0 % ​ 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 condensed balance sheet. ​ The redemption value of the noncontrolling Operating Partnership common units and the vested incentive units was approximately $1,004.4 million and $834.1 million based on the closing market price of Digital Realty Trust, Inc. common stock on September 30, 2024 and December 31, 2023, respectively. The following table shows activity for noncontrolling interests in the Operating Partnership for the nine months ended September 30, 2024 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ (Units in thousands) Common Units Incentive Units Total As of December 31, 2023 4,343 2,106 6,449 Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock (1) (89) (201) (290) Incentive units issued upon achievement of market performance condition — 88 88 Grant of incentive units to employees and directors — 154 154 Cancellation / forfeitures of incentive units held by employees and directors — (4) (4) As of September 30, 2024 4,254 2,143 6,397 (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 sheet 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 nine months ended September 30, 2024 (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Series J ​ Series K ​ Series L ​ ​ ​ ​ ​ ​ ​ Preferred ​ Preferred ​ Preferred ​ Common Date dividend declared Dividend payment date Stock Stock Stock ​ Stock February 28, 2024 ​ March 28, 2024 ​ $ 2,625 ​ $ 3,071 ​ $ 4,485 ​ $ 382,208 May 8, 2024 ​ June 28, 2024 ​ ​ 2,625 ​ ​ 3,071 ​ ​ 4,485 ​ ​ 397,429 August 7, 2024 ​ September 30, 2024 ​ ​ 2,625 ​ ​ 3,071 ​ ​ 4,485 ​ ​ 400,659 ​ ​ ​ ​ $ 7,875 ​ $ 9,213 ​ $ 13,455 ​ $ 1,180,296 Annual rate of dividend per share ​ ​ ​ $ 1.31250 ​ $ 1.46250 ​ $ 1.30000 ​ $ 4.88000 ​ 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 nine months ended September 30, 2024 (in thousands, except for per unit data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Series J ​ Series K ​ Series L ​ ​ ​ ​ ​ ​ ​ Preferred ​ Preferred ​ Preferred ​ Common Date distribution declared Distribution payment date Units Units ​ Units ​ Units February 28, 2024 ​ March 28, 2024 ​ $ 2,625 ​ $ 3,071 ​ $ 4,485 ​ $ 390,356 May 8, 2024 ​ June 28, 2024 ​ ​ 2,625 ​ ​ 3,071 ​ ​ 4,485 ​ ​ 405,421 August 7, 2024 ​ September 30, 2024 ​ ​ 2,625 ​ ​ 3,071 ​ ​ 4,485 ​ ​ 408,577 ​ ​ ​ ​ $ 7,875 ​ $ 9,213 ​ $ 13,455 ​ $ 1,204,354 Annual rate of distribution per unit ​ ​ ​ $ 1.31250 ​ $ 1.46250 ​ $ 1.30000 ​ $ 4.88000 ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss), Net	9 Months Ended
	Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net.
Accumulated Other Comprehensive Income (Loss), Net	11. 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, 2023 ​ $ (638,583) ​ $ (112,810) ​ $ (751,393) Net current period change ​ 94,952 ​ (924) ​ 94,028 Balance as of September 30, 2024 ​ $ (543,631) ​ $ (113,734) ​ $ (657,365) ​ 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, 2023 ​ $ (656,063) ​ $ (116,605) ​ $ (772,668) Net current period change ​ 96,519 ​ (858) ​ 95,661 Balance as of September 30, 2024 ​ $ (559,544) ​ $ (117,463) ​ $ (677,007) ​

Incentive Plans

Incentive Plans	9 Months Ended
	Sep. 30, 2024
Incentive Plans
Incentive Plans	12. 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 have been 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 shareholder 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 fully vest in the February immediately following the end of the Market Performance Period and 50% of the performance-vested units 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. ​ 2021 Awards ● In January 2024, the RMS Relative Market Performance fell between the threshold and target levels 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 vested and the remaining 50% will vest on February 27, 2025, subject to continued employment through the applicable vesting date. ​ ​ ​ The grant date fair value of the Market-Based Performance Awards was approximately $9.8 million and $8.2 million for the nine months ended September 30, 2024 and 2023, respectively. This amount will be recognized as compensation expense on a straight-line basis over the expected service period of approximately four years. ​ Financial-Based Performance Awards. ​ On January 1, 2024, 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, 2024. 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 $9.8 million, based on Digital Realty Trust, Inc.’s closing stock price at the grant date. ​ As of September 30, 2024, approximately 3.7 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 our compensation expense and our unearned compensation (in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ period to ​ ​ Deferred Compensation ​ Unearned Compensation recognize ​ ​ Expensed ​ Capitalized ​ As of ​ As of unearned ​ Three Months Ended September 30, September 30, ​ December 31, compensation Type of incentive award 2024 2023 2024 2023 2024 2023 (in years) Long-term incentive units ​ $ 4.0 ​ $ 3.7 ​ $ — ​ $ 0.1 ​ $ 26.0 ​ $ 16.6 2.4 Performance-based awards ​ 3.5 ​ 3.1 ​ — ​ 0.1 ​ 27.6 ​ 19.9 — Service-based restricted stock units ​ 9.2 ​ 8.2 ​ 0.8 ​ 1.8 ​ 78.3 ​ 66.4 2.6 Interxion awards ​ ​ — ​ ​ 0.3 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2024 2023 ​ ​ ​ ​ ​ ​ ​ Long-term incentive units ​ $ 11.5 ​ $ 10.1 ​ $ 0.1 ​ $ 0.1 ​ ​ ​ ​ ​ ​ ​ ​ Performance-based awards ​ 9.2 ​ 8.6 ​ 0.1 ​ 0.2 ​ ​ ​ ​ ​ ​ ​ ​ Service-based restricted stock units ​ ​ 25.6 ​ ​ 24.1 ​ ​ 3.6 ​ ​ 4.4 ​ ​ ​ ​ ​ ​ ​ ​ Interxion awards ​ — ​ 1.6 ​ 0.1 ​ 0.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ Activity for LTIP Units and service-based Restricted Stock Units for the nine months ended September 30, 2024 is shown below. ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ ​ Grant Date Fair Unvested LTIP Units ​ Units Value Unvested, beginning of period 238,360 ​ $ 121.99 Granted 279,670 ​ 137.04 Vested (197,869) ​ 131.41 Cancelled or expired (49,997) ​ 135.75 Unvested, end of period 270,164 ​ $ 128.12 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ ​ Grant Date Fair Unvested Restricted Stock Units Shares Value Unvested, beginning of period 621,863 ​ $ 132.07 Granted 370,447 ​ 142.10 Vested (221,850) ​ 124.79 Cancelled or expired (100,111) ​ 123.85 Unvested, end of period 670,349 ​ $ 141.25 ​

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2024
Derivative Instruments
Derivative Instruments	13. 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 September 30, 2024, we had cross-currency interest rate swaps outstanding with notional amounts of $1.7 billion and maturity dates ranging through 2028. ​ The effect of these net investment hedges on accumulated other comprehensive loss and the condensed consolidated income statements for the three and nine months ended September 30, 2024 and 2023 was as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ ​ 2024 2023 ​ 2024 2023 Cross-currency interest rate swaps (included component) (1) ​ ​ $ (83,624) ​ $ 52,698 ​ $ (5,616) ​ $ 53,853 Cross-currency interest rate swaps (excluded component) (2) ​ ​ ​ 12,121 ​ ​ (14,006) ​ ​ 12,748 ​ ​ (28,423) Total ​ ​ $ (71,503) ​ $ 38,692 ​ $ 7,132 ​ $ 25,430 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Location of ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ gain or (loss) ​ 2024 2023 ​ 2024 2023 Cross-currency interest rate swaps (excluded component) (2) Interest expense ​ $ 5,205 ​ $ 5,505 ​ $ 17,314 ​ $ 16,699 (1) Included component represents foreign exchange spot rates. (2) Excluded component represents cross-currency basis spread and interest rates. ​ Cash Flow Hedges ​ As of September 30, 2024, we had derivatives designated as cash flow hedges on the Euro Term Loan Facilities (€375 million notional amount) and the USD Term Loan ($500 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 September 30, 2024, we estimate that an additional $1.6 million will be reclassified as a decrease to interest expense during the twelve months ended September 30, 2025, when the hedged forecasted transactions impact earnings. ​ The effect of these cash flow hedges on accumulated other comprehensive income and the condensed consolidated income statements for the three and nine months ended September 30, 2024 and 2023 was as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ ​ 2024 2023 ​ 2024 2023 Interest rate swaps ​ ​ $ (19,191) ​ $ 538 ​ $ (7,991) ​ $ 12,912 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Location of ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ gain or (loss) ​ 2024 2023 ​ 2024 2023 Interest rate swaps Interest expense ​ $ 4,031 ​ $ 3,845 ​ $ 12,348 ​ $ 6,688 ​ Fair Value of Derivative Instruments ​ The subsequent table presents the fair value of derivative instruments recognized in our condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ Assets (1) Liabilities (2) Assets (1) Liabilities (2) Cross-currency interest rate swaps ​ $ 4,246 ​ $ 153,867 ​ $ — ​ $ 156,753 Interest rate swaps ​ ​ 7,786 ​ ​ 16,300 ​ ​ 8,538 ​ ​ — ​ ​ $ 12,032 ​ $ 170,167 ​ $ 8,538 ​ $ 156,753 (1) As presented in our condensed consolidated balance sheets within Other assets. (2) As presented in our condensed consolidated balance sheets within Accounts payable and other accrued liabilities.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2024
Fair Value of Financial Instruments
Fair Value of Financial Instruments	14. Fair Value of Financial Instruments There have been no significant changes in our policy for fair value measurements from what was disclosed in our 2023 Form 10-K. 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 September 30, 2024 and December 31, 2023 as compared to those in effect when the debt was issued or assumed. 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 September 30, 2024 ​ As of December 31, 2023 ​ ​ under the fair value ​ Estimated Fair ​ ​ ​ ​ Estimated Fair ​ ​ ​ ​ hierarchy Value Carrying Value Value Carrying Value Global Revolving Credit Facilities (1) Level 2 ​ $ 1,814,927 ​ $ 1,814,927 ​ $ 1,825,228 ​ $ 1,825,228 Unsecured term loans (1) Level 2 ​ ​ 917,563 ​ ​ 917,563 ​ ​ 1,567,925 ​ ​ 1,567,925 Unsecured senior notes (2) Level 2 ​ ​ 10,866,916 ​ ​ 13,610,252 ​ 12,417,619 ​ 13,507,427 Secured and other debt (2) Level 2 ​ ​ 759,197 ​ ​ 766,304 ​ 625,473 ​ 637,072 ​ ​ ​ ​ $ 14,358,603 ​ $ 17,109,046 ​ $ 16,436,245 ​ $ 17,537,652 (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. ​ During the nine months ended September 30, 2024, we recorded an impairment charge of $168.3 million related to Investments in properties, net, on certain non-core properties in secondary U.S. markets. Management estimated the fair values of these investments based on sales of similar properties and ongoing negotiations with third parties. The significant inputs and assumptions used in the estimate of fair value included comparable sales values ranging from $69 per square foot to $151 per square foot. These measurements were classified within Level 3 of the fair value hierarchy as they are not observable.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies.
Commitments and Contingencies	15. Commitments and Contingencies Our properties require periodic investments of capital for tenant-related capital expenditures and for general capital improvements including ground up construction. 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 September 30, 2024, we had open commitments, including amounts reimbursable by customers of approximately $62.5 million, related to construction contracts of approximately $1.9 billion. Legal Proceedings ​ As disclosed previously, 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	9 Months Ended
	Sep. 30, 2024
Supplemental Cash Flow Information
Supplemental Cash Flow Information	16. Supplemental Cash Flow Information Cash, cash equivalents, and restricted cash balances as of September 30, 2024, and December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of (Amounts in thousands) September 30, 2024 December 31, 2023 Cash and cash equivalents ​ $ 2,175,605 ​ $ 1,625,495 Restricted cash (included in Other assets) ​ 6,503 ​ 10,975 Total ​ $ 2,182,108 ​ $ 1,636,470 ​ We paid $391.6 million and $345.8 million for interest, net of amounts capitalized, for the nine months ended September 30, 2024 and 2023, respectively. ​ We paid $53.4 million and $60.1 million for income taxes, net of refunds, for the nine months ended September 30, 2024 and 2023, respectively. ​ Accrued construction related costs totaled $504.4 million and $607.6 million as of September 30, 2024 and 2023, respectively.

Segment and Geographic Informat

Segment and Geographic Information	9 Months Ended
	Sep. 30, 2024
Segment and Geographic Information
Segment and Geographic Information	17. 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 one operating segment and therefore one reporting segment. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Revenues ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (Amounts in millions) ​ 2024 ​ 2023 ​ 2024 ​ 2023 Inside the United States ​ $ 740.2 ​ ​ $ 727.4 ​ ​ $ 2,159.7 ​ ​ $ 2,144.0 ​ Outside the United States ​ ​ 691.0 ​ ​ ​ 675.0 ​ ​ ​ 1,959.4 ​ ​ ​ 1,963.4 ​ Revenue Outside of U.S. % ​ ​ 48.3 % ​ ​ 48.1 % ​ ​ 47.6 % ​ ​ 47.8 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments in Properties, net ​ Operating lease right-of-use assets, net ​ ​ As of September 30, ​ As of December 31, ​ As of September 30, ​ As of December 31, (Amounts in millions) ​ 2024 ​ 2023 ​ 2024 ​ 2023 Inside the United States ​ $ 10,309.7 ​ ​ $ 10,429.2 ​ ​ $ 561.9 ​ ​ $ 610.2 ​ Outside the United States ​ ​ 14,920.5 ​ ​ ​ 13,806.9 ​ ​ ​ 666.6 ​ ​ ​ 804.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Assets in Foreign Operations ​ $ 8,229.4 ​ ​ $ 6,778.4 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 51,193	$ 733,618	$ 412,921	$ 920,528

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

General (Policies)

General (Policies)	9 Months Ended
	Sep. 30, 2024
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.
New Accounting Pronouncements	New Accounting Pronouncements.

Investments in Properties (Tabl

Investments in Properties (Tables)	9 Months Ended
	Sep. 30, 2024
Investments in Properties
Schedule of Investments in Properties	​ A summary of our investments in properties is below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Property Type ​ As of September 30, 2024 ​ ​ As of December 31, 2023 Land ​ $ 1,175,270 ​ ​ $ 1,087,278 Acquired ground lease ​ ​ 92 ​ ​ ​ 91 Buildings and improvements ​ ​ 26,725,546 ​ ​ ​ 25,388,788 Tenant improvements ​ ​ 907,862 ​ ​ ​ 830,211 ​ ​ ​ 28,808,770 ​ ​ ​ 27,306,368 Accumulated depreciation and amortization ​ ​ (8,777,002) ​ ​ ​ (7,823,685) Investments in operating properties, net ​ ​ 20,031,768 ​ ​ ​ 19,482,683 Construction in progress and space held for development ​ ​ 5,175,054 ​ ​ ​ 4,635,215 Land held for future development ​ ​ 23,392 ​ ​ ​ 118,190 Investments in properties, net ​ $ 25,230,214 ​ ​ $ 24,236,088

Receivables (Tables)

Receivables (Tables)	9 Months Ended
	Sep. 30, 2024
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): ​ September 30, 2024 ​ December 31, 2023 Accounts receivable – trade ​ $ 686,058 ​ $ 694,252 Allowance for doubtful accounts ​ ​ (56,353) ​ ​ (41,204) Accounts receivable – trade, net ​ ​ 629,705 ​ ​ 653,048 ​ ​ ​ ​ ​ ​ ​ Accounts receivable – customer recoveries ​ ​ 204,014 ​ ​ 233,499 Value-added tax receivables ​ ​ 187,929 ​ ​ 257,911 Accounts receivable – installation fees ​ ​ 127,355 ​ ​ 65,203 Other receivables ​ ​ 125,457 ​ ​ 68,449 Accounts and other receivables, net ​ $ 1,274,460 ​ $ 1,278,110
Schedule of deferred rent receivables	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of ​ Balance as of (Amounts in thousands): ​ September 30, 2024 ​ December 31, 2023 Deferred rent receivables ​ $ 648,930 ​ $ 657,009 Allowance for deferred rent receivables ​ ​ (7,152) ​ ​ (32,582) Deferred rent, net ​ $ 641,778 ​ $ 624,427 ​

Investments in Unconsolidated_2

Investments in Unconsolidated Entities (Tables)	9 Months Ended
	Sep. 30, 2024
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 ​ ​ ​ September 30, 2024 ​ ​ December 31, 2023 Americas (1)(5) ​ $ 1,425,199 ​ $ 1,363,226 APAC (2) ​ ​ 613,748 ​ ​ 569,996 EMEA (3) ​ ​ 113,975 ​ ​ 28,334 Global (4) ​ ​ 303,526 ​ ​ 334,333 Total ​ $ 2,456,448 ​ $ 2,295,889 Includes the following unconsolidated entities along with our ownership percentage: (1) Ascenty ( 51% ), Blackstone ( 20% ), Clise ( 50% ), GI Partners ( 20% ), Mapletree ( 20% ), Menlo ( 20% ), Mitsubishi ( 35% ), Realty Income ( 20% ), TPG Real Estate ( 20% ), and Walsh ( 85% ). (2) Digital Connexion ( 33% ), Lumen ( 50% ), and MC Digital Realty ( 50% ). (3) Blackstone ( 20% ), Medallion ( 60% ), and Mivne ( 50% ). (4) Digital Core REIT ( 38% ). (5) In May 2024, we liquidated our 17% interest in Colovore, generating gross proceeds of approximately $35 million. We realized a gain of approximately $27 million on our original investments, made in 2015 and 2017. The gain is included within Other income, net on our condensed consolidated income statements.

Acquired Intangible Assets an_2

Acquired Intangible Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Acquired Intangible Assets and Liabilities
Summary of Acquired Intangible Assets and Liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of ​ ​ September 30, 2024 ​ December 31, 2023 (Amounts in thousands) ​ ​ Gross Carrying Amount ​ ​ Accumulated Amortization ​ ​ Net Carrying Amount ​ ​ Gross Carrying Amount ​ ​ Accumulated Amortization ​ ​ Net Carrying Amount Customer relationship value ​ $ 2,926,388 ​ $ (1,068,137) ​ $ 1,858,251 ​ $ 2,926,808 ​ $ (952,943) ​ $ 1,973,865 Acquired in-place lease value ​ ​ 1,080,649 ​ ​ (871,818) ​ ​ 208,831 ​ ​ 1,089,743 ​ ​ (859,167) ​ ​ 230,576 Other ​ ​ 126,624 ​ ​ (37,654) ​ ​ 88,970 ​ ​ 108,744 ​ ​ (33,483) ​ ​ 75,261 Acquired above-market leases ​ ​ 136,757 ​ ​ (131,780) ​ ​ 4,977 ​ ​ 153,205 ​ ​ (150,344) ​ ​ 2,861 Acquired below-market leases ​ ​ (266,513) ​ ​ 225,398 ​ ​ (41,115) ​ ​ (273,951) ​ ​ 226,840 ​ ​ (47,111)
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 $ 45,679 ​ $ 15,486 ​ $ 743 ​ $ 310 ​ $ (1,568) 2025 178,648 ​ 56,363 ​ 2,970 ​ 1,242 ​ (6,242) 2026 178,011 ​ 55,202 ​ 2,970 ​ 1,124 ​ (5,441) 2027 177,619 ​ 45,304 ​ 2,970 ​ 988 ​ (4,796) 2028 155,174 ​ 24,631 ​ 2,989 ​ 986 ​ (4,591) Thereafter 1,123,120 ​ 11,845 ​ 7,330 ​ 327 ​ (18,477) Total $ 1,858,251 ​ $ 208,831 ​ $ 19,972 ​ $ 4,977 ​ $ (41,115) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Excludes power grid rights in the amount of approximately $69.0 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)	9 Months Ended
	Sep. 30, 2024
Debt of the Operating Partnership
Summary of Outstanding Indebtedness of the Operating Partnership	A summary of outstanding indebtedness is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 December 31, 2023 ​ ​ Weighted- ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ average ​ Amount ​ average ​ Amount ​ ​ interest rate ​ Outstanding ​ interest rate ​ Outstanding Global Revolving Credit Facilities ​ 3.76 % ​ $ 1,814,927 ​ 4.33 % ​ $ 1,825,228 Unsecured term loans ​ 4.29 % ​ ​ 917,563 ​ 4.76 % ​ ​ 1,567,925 Unsecured senior notes ​ 2.33 % ​ ​ 13,610,252 ​ 2.24 % ​ ​ 13,507,427 Secured and other debt ​ 8.48 % ​ 766,304 ​ 8.07 % ​ 637,072 Total ​ 2.86 % ​ $ 17,109,046 2.89 % ​ $ 17,537,652
Schedule of Debt In Functional Currencies	Included in the outstanding balances were borrowings denominated in the following currencies (in thousands, U.S. dollars): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ ​ Amount ​ ​ ​ ​ Amount ​ ​ ​ Denomination of Draw Outstanding % of Total ​ Outstanding % of Total U.S. dollar ($) ​ $ 2,550,614 14.9 % ​ $ 2,784,875 15.9 % British pound sterling (£) ​ 1,738,750 10.2 % ​ ​ 1,973,305 ​ 11.2 % Euro ( € ​ ​ 10,748,658 ​ 62.8 % ​ ​ 10,835,878 ​ 61.8 % Other ​ ​ 2,071,024 ​ 12.1 % ​ ​ 1,943,594 ​ 11.1 % Total ​ $ 17,109,046 ​ ​ ​ $ 17,537,652 ​ ​
Schedule of Debt Maturities and Principal Maturities	The table below summarizes debt maturities and principal payments as of September 30, 2024 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Global Revolving ​ Unsecured ​ Unsecured ​ Secured and ​ ​ ​ ​ Credit Facilities (1)(2) Term Loans (3)(4)(5) Senior Notes Other Debt Total Debt 2024 ​ $ — ​ $ — ​ $ — ​ $ 140 ​ $ 140 2025 ​ ​ — ​ ​ 917,563 ​ ​ 1,258,775 ​ ​ 853 ​ ​ 2,177,191 2026 ​ ​ — ​ ​ — ​ ​ 1,522,211 ​ ​ 127,129 ​ ​ 1,649,340 2027 ​ — ​ — ​ 1,177,381 ​ 242,371 ​ 1,419,752 2028 ​ — ​ — ​ 2,106,750 ​ 378,106 ​ 2,484,856 Thereafter ​ 1,814,927 ​ — ​ 7,545,135 ​ 17,705 ​ 9,377,767 Subtotal ​ $ 1,814,927 ​ $ 917,563 ​ $ 13,610,252 ​ $ 766,304 ​ $ 17,109,046 Unamortized net discounts ​ — ​ — ​ (30,652) ​ (3,992) ​ (34,644) Unamortized deferred financing costs ​ ​ (28,006) ​ ​ (3,830) ​ ​ (51,539) ​ ​ (4,481) ​ ​ (87,856) Total ​ $ 1,786,921 ​ $ 913,733 ​ $ 13,528,061 ​ $ 757,831 ​ $ 16,986,546 (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 $500 million currently 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 resulted in an early extinguishment charge of approximately $1.1 million during the nine months ended September 30, 2024. (5) On September 13, 2024, we paid down €375 million on the Euro Term Loan Facilities, leaving €375 million outstanding. The paydown resulted in an early extinguishment charge of approximately $1.6 million during the nine months ended September 30, 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 ​ September 30, 2024 ​ December 31, 2023 2.625% notes due 2024 (1) ​ € 600,000 ​ $ 677,040 ​ Apr 15, 2024 ​ $ — ​ $ 662,340 2.750% notes due 2024 (2) ​ £ 250,000 ​ $ 324,925 ​ Jul 19, 2024 ​ ​ — ​ ​ 318,275 4.250% notes due 2025 ​ £ 400,000 ​ $ 634,480 ​ Jan 17, 2025 ​ ​ 535,000 ​ ​ 509,240 0.625% notes due 2025 ​ € 650,000 ​ $ 720,980 ​ Jul 15, 2025 ​ ​ 723,775 ​ ​ 717,535 2.500% notes due 2026 ​ € 1,075,000 ​ $ 1,224,640 ​ Jan 16, 2026 ​ ​ 1,197,013 ​ ​ 1,186,693 0.200% notes due 2026 ​ CHF 275,000 ​ $ 298,404 ​ Dec 15, 2026 ​ ​ 325,198 ​ ​ 326,826 1.700% notes due 2027 ​ CHF 150,000 ​ $ 162,465 ​ Mar 30, 2027 ​ ​ 177,381 ​ ​ 178,269 3.700% notes due 2027 (3) ​ $ 1,000,000 ​ $ 1,000,000 ​ Aug 15, 2027 ​ ​ 1,000,000 ​ ​ 1,000,000 5.550% notes due 2028 (3) ​ $ 900,000 ​ $ 900,000 ​ Jan 15, 2028 ​ ​ 900,000 ​ ​ 900,000 1.125% notes due 2028 ​ € 500,000 ​ $ 548,550 ​ Apr 09, 2028 ​ ​ 556,750 ​ ​ 551,950 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 ​ ​ 319,285 ​ ​ 320,884 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 ​ ​ 468,125 ​ ​ 445,585 1.500% notes due 2030 ​ € 750,000 ​ $ 831,900 ​ Mar 15, 2030 ​ ​ 835,125 ​ ​ 827,925 3.750% notes due 2030 ​ £ 550,000 ​ $ 719,825 ​ Oct 17, 2030 ​ ​ 735,625 ​ ​ 700,205 1.250% notes due 2031 ​ € 500,000 ​ $ 560,950 ​ Feb 01, 2031 ​ ​ 556,750 ​ ​ 551,950 0.625% notes due 2031 ​ € 1,000,000 ​ $ 1,220,700 ​ Jul 15, 2031 ​ ​ 1,113,500 ​ ​ 1,103,900 1.000% notes due 2032 ​ € 750,000 ​ $ 874,500 ​ Jan 15, 2032 ​ ​ 835,125 ​ ​ 827,925 1.375% notes due 2032 ​ € 750,000 ​ $ 849,375 ​ Jul 18, 2032 ​ ​ 835,125 ​ ​ 827,925 3.875% notes due 2033 ​ € 850,000 ​ $ 941,375 ​ Sep 13, 2033 ​ ​ 946,475 ​ ​ — ​ ​ $ 13,610,252 ​ $ 13,507,427 Unamortized discounts, net of premiums ​ ​ ​ ​ ​ ​ ​ (30,652) ​ ​ (33,324) Deferred financing costs, net ​ ​ ​ ​ ​ ​ ​ (51,539) ​ ​ (51,761) Total unsecured senior notes, net of discount and deferred financing costs ​ $ 13,528,061 ​ $ 13,422,342 (1) Paid at maturity on April 15, 2024. (2) Paid at maturity on July 19, 2024. (3) Subject to cross-currency swaps.

Earnings per Common Share or _2

Earnings per Common Share or Unit (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available to common stockholders ​ $ 41,012 ​ $ 723,437 ​ $ 382,378 ​ $ 889,985 Loss attributable to redeemable noncontrolling interest (1) ​ ​ (9,918) ​ ​ (3,032) ​ ​ (22,432) ​ ​ (9,851) Net income available to common stockholders - diluted EPS ​ ​ 31,094 ​ ​ 720,405 ​ ​ 359,946 ​ ​ 880,134 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding—basic ​ 327,977 ​ 301,827 ​ 319,965 ​ 296,184 Potentially dilutive common shares: ​ ​ ​ ​ ​ ​ Unvested incentive units ​ 77 ​ 97 ​ 67 ​ 78 Unvested restricted stock ​ ​ 69 ​ ​ 43 ​ ​ 39 ​ ​ 3 Forward equity offering ​ ​ — ​ ​ 209 ​ ​ — ​ ​ 253 Market performance-based awards ​ 228 ​ 166 ​ 285 ​ 90 Redeemable noncontrolling interest shares (1) ​ ​ 7,898 ​ ​ 8,999 ​ ​ 8,285 ​ ​ 10,127 Weighted average shares outstanding—diluted ​ 336,249 ​ 311,341 ​ 328,641 ​ 306,735 Income per share: ​ ​ ​ ​ Basic ​ $ 0.13 ​ $ 2.40 ​ $ 1.20 ​ $ 3.00 Diluted ​ $ 0.09 ​ $ 2.31 ​ $ 1.10 ​ $ 2.87 ​ Digital Realty Trust, L.P. Earnings per Unit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available to common unitholders ​ $ 42,012 ​ $ 739,737 ​ $ 391,078 ​ $ 910,285 Loss attributable to redeemable noncontrolling interest (1) ​ ​ (9,918) ​ ​ (3,032) ​ ​ (22,432) ​ ​ (9,851) Net income available to common unitholders - diluted EPS ​ ​ 32,094 ​ ​ 736,705 ​ ​ 368,646 ​ ​ 900,434 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average units outstanding—basic ​ 334,103 ​ 308,024 ​ 326,154 ​ 302,316 Potentially dilutive common units: ​ ​ ​ ​ Unvested incentive units ​ 77 ​ 97 ​ 67 ​ 78 Unvested restricted units ​ ​ 69 ​ ​ 43 ​ ​ 39 ​ ​ 3 Forward equity offering ​ ​ — ​ ​ 209 ​ ​ — ​ ​ 253 Market performance-based awards ​ 228 ​ 166 ​ 285 ​ 90 Redeemable noncontrolling interest shares (1) ​ ​ 7,898 ​ ​ 8,999 ​ ​ 8,285 ​ ​ 10,127 Weighted average units outstanding—diluted ​ 342,375 ​ 317,538 ​ 334,830 ​ 312,867 Income per unit: ​ ​ ​ ​ Basic ​ $ 0.13 ​ $ 2.40 ​ $ 1.20 ​ $ 3.01 Diluted ​ $ 0.09 ​ $ 2.32 ​ $ 1.10 ​ $ 2.88 (1) As part of the acquisition of Teraco in 2022, certain of Teraco's minority indirect shareholders (“Rollover Shareholders”) have the right to put their shares in an upstream parent company of Teraco (“Remaining Interest”) to the Company in exchange for cash or the equivalent value of shares of the Company common stock, or a combination thereof. 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. ​
Schedule of Antidilutive Securities Excluded from Calculations	All other securities shown below were excluded from the calculation of both earnings per share and earnings per unit (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 Shares subject to Forward Equity Offering ​ — ​ 3,454 ​ — ​ 3,454 Weighted average of Operating Partnership common units not owned by Digital Realty Trust, Inc. 6,125 6,197 6,189 6,132 Potentially dilutive Series J Cumulative Redeemable Preferred Stock 1,264 1,647 1,355 1,891 Potentially dilutive Series K Cumulative Redeemable Preferred Stock ​ 1,329 ​ 1,732 ​ 1,425 ​ 1,988 Potentially dilutive Series L Cumulative Redeemable Preferred Stock ​ 2,180 ​ 2,841 ​ 2,337 ​ 3,261 Total 10,898 15,871 11,306 16,726 ​

Equity and Capital (Tables)

Equity and Capital (Tables)	9 Months Ended
	Sep. 30, 2024
Class of Stock
Ownership Interest In The Operating Partnership	The following table shows the ownership interest in the Operating Partnership as of September 30, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ ​ Number of ​ Percentage of ​ Number of ​ Percentage of (Units in thousands) units total ​ units total Digital Realty Trust, Inc. ​ 331,347 ​ 98.1 % ​ 311,608 ​ 98.0 % Noncontrolling interests consist of: ​ ​ ​ ​ Common units held by third parties 4,254 1.3 % ​ 4,343 1.3 % Incentive units held by employees and directors (see Note 12. ''Incentive Plans'') 2,143 0.6 % ​ 2,106 0.7 % ​ 337,744 100.0 % ​ 318,057 100.0 %
Summary of Activity for Noncontrolling Interests in the Operating Partnership	The following table shows activity for noncontrolling interests in the Operating Partnership for the nine months ended September 30, 2024 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ (Units in thousands) Common Units Incentive Units Total As of December 31, 2023 4,343 2,106 6,449 Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock (1) (89) (201) (290) Incentive units issued upon achievement of market performance condition — 88 88 Grant of incentive units to employees and directors — 154 154 Cancellation / forfeitures of incentive units held by employees and directors — (4) (4) As of September 30, 2024 4,254 2,143 6,397 (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 sheet of Digital Realty Trust, Inc. ​
Schedule of Dividends and Distributions	We have declared and paid the following dividends on our common and preferred stock for the nine months ended September 30, 2024 (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Series J ​ Series K ​ Series L ​ ​ ​ ​ ​ ​ ​ Preferred ​ Preferred ​ Preferred ​ Common Date dividend declared Dividend payment date Stock Stock Stock ​ Stock February 28, 2024 ​ March 28, 2024 ​ $ 2,625 ​ $ 3,071 ​ $ 4,485 ​ $ 382,208 May 8, 2024 ​ June 28, 2024 ​ ​ 2,625 ​ ​ 3,071 ​ ​ 4,485 ​ ​ 397,429 August 7, 2024 ​ September 30, 2024 ​ ​ 2,625 ​ ​ 3,071 ​ ​ 4,485 ​ ​ 400,659 ​ ​ ​ ​ $ 7,875 ​ $ 9,213 ​ $ 13,455 ​ $ 1,180,296 Annual rate of dividend per share ​ ​ ​ $ 1.31250 ​ $ 1.46250 ​ $ 1.30000 ​ $ 4.88000
Digital Realty Trust, L.P.
Class of Stock
Schedule of Dividends and 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 nine months ended September 30, 2024 (in thousands, except for per unit data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Series J ​ Series K ​ Series L ​ ​ ​ ​ ​ ​ ​ Preferred ​ Preferred ​ Preferred ​ Common Date distribution declared Distribution payment date Units Units ​ Units ​ Units February 28, 2024 ​ March 28, 2024 ​ $ 2,625 ​ $ 3,071 ​ $ 4,485 ​ $ 390,356 May 8, 2024 ​ June 28, 2024 ​ ​ 2,625 ​ ​ 3,071 ​ ​ 4,485 ​ ​ 405,421 August 7, 2024 ​ September 30, 2024 ​ ​ 2,625 ​ ​ 3,071 ​ ​ 4,485 ​ ​ 408,577 ​ ​ ​ ​ $ 7,875 ​ $ 9,213 ​ $ 13,455 ​ $ 1,204,354 Annual rate of distribution per unit ​ ​ ​ $ 1.31250 ​ $ 1.46250 ​ $ 1.30000 ​ $ 4.88000 ​

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss), Net (Tables)	9 Months Ended
	Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net.
Schedule of 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, 2023 ​ $ (638,583) ​ $ (112,810) ​ $ (751,393) Net current period change ​ 94,952 ​ (924) ​ 94,028 Balance as of September 30, 2024 ​ $ (543,631) ​ $ (113,734) ​ $ (657,365) ​ 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, 2023 ​ $ (656,063) ​ $ (116,605) ​ $ (772,668) Net current period change ​ 96,519 ​ (858) ​ 95,661 Balance as of September 30, 2024 ​ $ (559,544) ​ $ (117,463) ​ $ (677,007) ​

Incentive Plans (Tables)

Incentive Plans (Tables)	9 Months Ended
	Sep. 30, 2024
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 compensation expense and unearned compensation	Below is a summary of our compensation expense and our unearned compensation (in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ period to ​ ​ Deferred Compensation ​ Unearned Compensation recognize ​ ​ Expensed ​ Capitalized ​ As of ​ As of unearned ​ Three Months Ended September 30, September 30, ​ December 31, compensation Type of incentive award 2024 2023 2024 2023 2024 2023 (in years) Long-term incentive units ​ $ 4.0 ​ $ 3.7 ​ $ — ​ $ 0.1 ​ $ 26.0 ​ $ 16.6 2.4 Performance-based awards ​ 3.5 ​ 3.1 ​ — ​ 0.1 ​ 27.6 ​ 19.9 — Service-based restricted stock units ​ 9.2 ​ 8.2 ​ 0.8 ​ 1.8 ​ 78.3 ​ 66.4 2.6 Interxion awards ​ ​ — ​ ​ 0.3 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2024 2023 ​ ​ ​ ​ ​ ​ ​ Long-term incentive units ​ $ 11.5 ​ $ 10.1 ​ $ 0.1 ​ $ 0.1 ​ ​ ​ ​ ​ ​ ​ ​ Performance-based awards ​ 9.2 ​ 8.6 ​ 0.1 ​ 0.2 ​ ​ ​ ​ ​ ​ ​ ​ Service-based restricted stock units ​ ​ 25.6 ​ ​ 24.1 ​ ​ 3.6 ​ ​ 4.4 ​ ​ ​ ​ ​ ​ ​ ​ Interxion awards ​ — ​ 1.6 ​ 0.1 ​ 0.1 ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of Long-Term Incentive Unit Activity	​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ ​ Grant Date Fair Unvested LTIP Units ​ Units Value Unvested, beginning of period 238,360 ​ $ 121.99 Granted 279,670 ​ 137.04 Vested (197,869) ​ 131.41 Cancelled or expired (49,997) ​ 135.75 Unvested, end of period 270,164 ​ $ 128.12
Summary of Restricted Stock Activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ ​ Grant Date Fair Unvested Restricted Stock Units Shares Value Unvested, beginning of period 621,863 ​ $ 132.07 Granted 370,447 ​ 142.10 Vested (221,850) ​ 124.79 Cancelled or expired (100,111) ​ 123.85 Unvested, end of period 670,349 ​ $ 141.25 ​

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments
Schedule of effective portion of gains and losses on derivative instruments	The effect of these net investment hedges on accumulated other comprehensive loss and the condensed consolidated income statements for the three and nine months ended September 30, 2024 and 2023 was as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ ​ 2024 2023 ​ 2024 2023 Cross-currency interest rate swaps (included component) (1) ​ ​ $ (83,624) ​ $ 52,698 ​ $ (5,616) ​ $ 53,853 Cross-currency interest rate swaps (excluded component) (2) ​ ​ ​ 12,121 ​ ​ (14,006) ​ ​ 12,748 ​ ​ (28,423) Total ​ ​ $ (71,503) ​ $ 38,692 ​ $ 7,132 ​ $ 25,430 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Location of ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ gain or (loss) ​ 2024 2023 ​ 2024 2023 Cross-currency interest rate swaps (excluded component) (2) Interest expense ​ $ 5,205 ​ $ 5,505 ​ $ 17,314 ​ $ 16,699 (1) Included component represents foreign exchange spot rates. (2) 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 income and the condensed consolidated income statements for the three and nine months ended September 30, 2024 and 2023 was as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ ​ 2024 2023 ​ 2024 2023 Interest rate swaps ​ ​ $ (19,191) ​ $ 538 ​ $ (7,991) ​ $ 12,912 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Location of ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ gain or (loss) ​ 2024 2023 ​ 2024 2023 Interest rate swaps Interest expense ​ $ 4,031 ​ $ 3,845 ​ $ 12,348 ​ $ 6,688
Schedule of fair value of derivative instruments in Balance sheets	The subsequent table presents the fair value of derivative instruments recognized in our condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ Assets (1) Liabilities (2) Assets (1) Liabilities (2) Cross-currency interest rate swaps ​ $ 4,246 ​ $ 153,867 ​ $ — ​ $ 156,753 Interest rate swaps ​ ​ 7,786 ​ ​ 16,300 ​ ​ 8,538 ​ ​ — ​ ​ $ 12,032 ​ $ 170,167 ​ $ 8,538 ​ $ 156,753 (1) As presented in our condensed consolidated balance sheets within Other assets. (2) As presented in our condensed consolidated balance sheets within Accounts payable and other accrued liabilities.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 ​ As of December 31, 2023 ​ ​ under the fair value ​ Estimated Fair ​ ​ ​ ​ Estimated Fair ​ ​ ​ ​ hierarchy Value Carrying Value Value Carrying Value Global Revolving Credit Facilities (1) Level 2 ​ $ 1,814,927 ​ $ 1,814,927 ​ $ 1,825,228 ​ $ 1,825,228 Unsecured term loans (1) Level 2 ​ ​ 917,563 ​ ​ 917,563 ​ ​ 1,567,925 ​ ​ 1,567,925 Unsecured senior notes (2) Level 2 ​ ​ 10,866,916 ​ ​ 13,610,252 ​ 12,417,619 ​ 13,507,427 Secured and other debt (2) Level 2 ​ ​ 759,197 ​ ​ 766,304 ​ 625,473 ​ 637,072 ​ ​ ​ ​ $ 14,358,603 ​ $ 17,109,046 ​ $ 16,436,245 ​ $ 17,537,652 (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)	9 Months Ended
	Sep. 30, 2024
Supplemental Cash Flow Information
Schedule of cash, cash equivalents, and restricted cash	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of (Amounts in thousands) September 30, 2024 December 31, 2023 Cash and cash equivalents ​ $ 2,175,605 ​ $ 1,625,495 Restricted cash (included in Other assets) ​ 6,503 ​ 10,975 Total ​ $ 2,182,108 ​ $ 1,636,470

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2024
Segment and Geographic Information
Schedule of Investment and operating revenues of geographical areas	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Revenues ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (Amounts in millions) ​ 2024 ​ 2023 ​ 2024 ​ 2023 Inside the United States ​ $ 740.2 ​ ​ $ 727.4 ​ ​ $ 2,159.7 ​ ​ $ 2,144.0 ​ Outside the United States ​ ​ 691.0 ​ ​ ​ 675.0 ​ ​ ​ 1,959.4 ​ ​ ​ 1,963.4 ​ Revenue Outside of U.S. % ​ ​ 48.3 % ​ ​ 48.1 % ​ ​ 47.6 % ​ ​ 47.8 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments in Properties, net ​ Operating lease right-of-use assets, net ​ ​ As of September 30, ​ As of December 31, ​ As of September 30, ​ As of December 31, (Amounts in millions) ​ 2024 ​ 2023 ​ 2024 ​ 2023 Inside the United States ​ $ 10,309.7 ​ ​ $ 10,429.2 ​ ​ $ 561.9 ​ ​ $ 610.2 ​ Outside the United States ​ ​ 14,920.5 ​ ​ ​ 13,806.9 ​ ​ ​ 666.6 ​ ​ ​ 804.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Assets in Foreign Operations ​ $ 8,229.4 ​ ​ $ 6,778.4 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investments in Properties (Deta

Investments in Properties (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Investments in Properties
Land	$ 1,175,270	$ 1,087,278
Acquired ground lease	92	91
Buildings and improvements	26,725,546	25,388,788
Tenant improvements	907,862	830,211
Total investments in operating properties	28,808,770	27,306,368
Accumulated depreciation and amortization	(8,777,002)	(7,823,685)
Investments in operating properties, net	20,031,768	19,482,683
Construction in progress and space held for development	5,175,054	4,635,215
Land held for future development	23,392	118,190
Investments in properties, net	$ 25,230,214	$ 24,236,088

Investments in Properties - Acq

Investments in Properties - Acquisitions (Details) $ in Millions	1 Months Ended
	Jul. 31, 2024 USD ($) Center MW	Jan. 31, 2024 USD ($) a Center
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of data centers | Center		2
Number of data centers under construction | Center		2
Site in Paris
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area of land acquired | a		16
Payments to acquire real estate		$ 80
Right-of-use assets derecognized		145
Lease liabilities derecognized		$ 150
Slough Trading Estate
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Payments to acquire real estate	$ 200
Number of data centers acquired | Center	2
Combined capacity of data centers | MW	15

Investments in Properties - Dis

Investments in Properties - Dispositions (Details) $ in Thousands					1 Months Ended	3 Months Ended		9 Months Ended
	Apr. 16, 2024 USD ($)	Mar. 01, 2024 USD ($) Center	Jan. 11, 2024 USD ($) Center item MW	Jul. 13, 2023 property	Jan. 31, 2024 USD ($) Center	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) property	Sep. 30, 2023 USD ($)
Schedule of Equity Method Investments [Line Items]
Planned campuses to support the construction of data centers | Center			10
Potential IT load capacity | MW			500
Provision for impairment								$ 168,300
Number of data centers | Center					2
Equity in (loss) earnings of unconsolidated entities						$ (26,486)	$ (19,793)	$ (83,937)	$ 163
Joint Venture with Blackstone Inc
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures			20%
Joint Venture With Mitsubishi Joint Venture
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures		35%
Joint Venture with GI Partners
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures	25%
Digital Core REIT (DCRU)
Schedule of Equity Method Investments [Line Items]
Number of data centers | property								10
Hyperscale Data Center Campuses across Frankfurt, Paris and Northern Virginia | Joint Venture with Blackstone Inc
Schedule of Equity Method Investments [Line Items]
Number of hyperscale data center campuses develop through joint venture | item			4
Data Center Joint Venture | Brookfield Infrastructure Partners L.P
Schedule of Equity Method Investments [Line Items]
Equity in (loss) earnings of unconsolidated entities					$ 8,900
Data Centers in Dallas Metro Area | Joint Venture With Mitsubishi Joint Venture
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures		35%
Hyperscale data center buildings in the Chicago metro area | Joint Venture with GI Partners
Schedule of Equity Method Investments [Line Items]
Percentage of ownership Interest in partnership						80%		80%
Joint Venture with Blackstone Inc | Hyperscale Data Center Campuses across Frankfurt, Paris and Northern Virginia
Schedule of Equity Method Investments [Line Items]
Number of hyperscale data center campuses develop through joint venture | Center			4
Planned campuses to support the construction of data centers | Center			10
Potential IT load capacity | MW			500
Proceeds from partnership contribution			$ 231,000
Gain (loss) on disposition			$ (300)
Brookfield Infrastructure Partners L.P | Data Center Joint Venture
Schedule of Equity Method Investments [Line Items]
Proceeds from partnership contribution					271,000
Gain (loss) on disposition					$ 194,200
Number of properties sold | Center					4
Number of data centers | Center					2
Gain on sale of investments					$ 203,100
Brookfield Infrastructure Partners L.P | Data Center Joint Venture | Singapore and Frankfurt
Schedule of Equity Method Investments [Line Items]
Number of leased data centers acquired | Center					3
Payments to acquire real estate					$ 57,000
Brookfield Infrastructure Partners L.P | Data Center Joint Venture | Americas
Schedule of Equity Method Investments [Line Items]
Number of properties for which lease is amended | Center					3
Brookfield Infrastructure Partners L.P | Data Center Joint Venture | Digital Core REIT (DCRU)
Schedule of Equity Method Investments [Line Items]
Number of data centers | Center					2
Joint Venture With Mitsubishi Joint Venture | Data Centers in Dallas Metro Area
Schedule of Equity Method Investments [Line Items]
Planned campuses to support the construction of data centers | Center		2
Gain (loss) on disposition		$ 7,100
Number of data centers | Center		2
Percentage of property pre- leased prior to construction		100%
Purchase Price		$ 261,000
Gross Proceeds		$ 153,000
Percentage of ownership Interest in partnership		65%
Joint Venture with GI Partners | Hyperscale data center buildings in the Chicago metro area
Schedule of Equity Method Investments [Line Items]
Proceeds from partnership contribution	$ 386,000
Gain (loss) on disposition	$ 172,000
Number of properties sold | property				2
Percentage of ownership Interest in partnership				65%
Percentage of interest in property sold	75%
Contribution, value	$ 453,000

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) customer	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) customer	Sep. 30, 2023 USD ($)
Lessor, Lease, Description [Line Items]
Rent expense | $	$ 39.2	$ 37.4	$ 112.6	$ 114.1
Percentage of total revenue from our largest customer (approximates)	11%		11%
Number of other customers that makes up more than 6% of our total revenue | customer	0		0
Maximum [Member]
Lessor, Lease, Description [Line Items]
Percent of total revenue from other individual customers	6%		6%

Receivables - Accounts and Othe

Receivables - Accounts and Other Receivables, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Receivables
Accounts receivable - trade	$ 686,058	$ 694,252
Allowance for doubtful accounts	(56,353)	(41,204)
Accounts receivable - trade, net	629,705	653,048
Accounts receivable - customer recoveries	204,014	233,499
Value-added tax receivables	187,929	257,911
Accounts receivable - installation fees	127,355	65,203
Other receivables	125,457	68,449
Accounts and other receivables, net	$ 1,274,460	$ 1,278,110

Receivables - Deferred rent, ne

Receivables - Deferred rent, net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Receivables
Deferred rent receivables	$ 648,930	$ 657,009
Allowance for deferred rent receivables	(7,152)	(32,582)
Deferred rent, net	$ 641,778	$ 624,427

Investments in Unconsolidated_3

Investments in Unconsolidated Entities - Equity Method of Accounting Presented in our Balance Sheets (Details) - USD ($) $ in Thousands	1 Months Ended
	May 31, 2024	Sep. 30, 2024	Dec. 31, 2023
Digital Core REIT
Schedule of Equity Method Investments [Line Items]
% Ownership		32%
Unconsolidated Joint Ventures
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures		$ 2,456,448	$ 2,295,889
Unconsolidated Joint Ventures | Unconsolidated Joint Ventures in Americas
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures		$ 1,425,199	1,363,226
Unconsolidated Joint Ventures | Ascenty
Schedule of Equity Method Investments [Line Items]
% Ownership		51%
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 percentage liquidated	17%
Gross proceeds	$ 35,000
Gain on disposal of investments	$ 27,000
Unconsolidated Joint Ventures | GI Partners
Schedule of Equity Method Investments [Line Items]
% Ownership		20%
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 | Mitsubishi
Schedule of Equity Method Investments [Line Items]
% Ownership		35%
Unconsolidated Joint Ventures | Joint Venture With 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 | Unconsolidated Joint Ventures in APAC
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures		$ 613,748	569,996
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 | Unconsolidated Joint Ventures in EMEA
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures		$ 113,975	28,334
Unconsolidated Joint Ventures | Blackstone
Schedule of Equity Method Investments [Line Items]
% Ownership		20%
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 | Unconsolidated Joint Ventures in Global
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures		$ 303,526	$ 334,333
Unconsolidated Joint Ventures | Digital Core REIT
Schedule of Equity Method Investments [Line Items]
% Ownership		38%

Investments in Unconsolidated_4

Investments in Unconsolidated Entities - Narrative (Details) $ / shares in Units, $ in Thousands, shares in Millions

1 Months Ended

3 Months Ended

9 Months Ended

Apr. 19, 2024 USD ($)

Mar. 01, 2024 USD ($) Center

Jan. 12, 2024 USD ($)

Jan. 11, 2024 Center item MW

Nov. 10, 2023 Center

Jul. 25, 2023 property

Jul. 13, 2023 property

Jan. 31, 2024 Center

Sep. 30, 2024 USD ($) $ / shares shares

Sep. 30, 2023 USD ($)

Sep. 30, 2024 USD ($) property $ / shares shares

Sep. 30, 2023 USD ($)

Apr. 16, 2024

Dec. 31, 2023 USD ($) $ / shares shares

Schedule of Equity Method Investments [Line Items]

Number of data centers | Center

2

Planned campuses to support the construction of data centers | Center

10

Potential IT load capacity | MW

500

Accounts payable and other accrued liabilities

$ 2,140,763

$ 2,140,763

$ 2,168,984

Data center facility in Frankfurt, Germany

Schedule of Equity Method Investments [Line Items]

Ownership interest held in operating properties sold

24.90%

Consideration on sale of ownership

$ 126,000

Gain on sale

0

Joint Venture With Blackstone Joint Venture | Hyperscale Data Center Campuses across Frankfurt, Paris and Northern Virginia

Schedule of Equity Method Investments [Line Items]

Number of hyperscale data center campuses develop through joint venture | Center

4

Planned campuses to support the construction of data centers | Center

10

Potential IT load capacity | MW

500

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

Percentage of interest in property sold

80%

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%

Number of properties sold | property

2

Percentage of interest in property sold

75%

Joint Venture With Mitsubishi Joint Venture | Data Centers in Dallas Metro Area

Schedule of Equity Method Investments [Line Items]

Percentage of interest in partnership

65%

Number of data centers | Center

2

Planned campuses to support the construction of data centers | Center

2

Remaining development cost to be funded by each partner in pro rata share

$ 140,000

Realty Income | Hyperscale data center buildings in the Northern Virginia

Schedule of Equity Method Investments [Line Items]

Percentage of interest in partnership

80%

Number of data centers | Center

2

GI Partners Joint Venture

Schedule of Equity Method Investments [Line Items]

Ownership percentage in joint ventures

25%

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

80%

80%

Call option to increase ownership interest in joint venture

80%

Additional cash contribution by Joint Venture partner

$ 68,000

Percentage of Interest Acquired in Joint Venture

15%

GI Partners | Hyperscale data center buildings in the Chicago metro area

Schedule of Equity Method Investments [Line Items]

Ownership percentage in joint ventures

35%

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

$ 12,000

$ 12,000

$ 18,000

Digital Core REIT

Schedule of Equity Method Investments [Line Items]

Ownership percentage in joint ventures

32%

32%

Number of units owned | shares

406

Closing price per unit | $ / shares

$ 0.62

$ 0.62

$ 0.65

Fair value of shares

$ 257,000

$ 257,000

$ 264,000

Digital Core REIT | Data center facility in Frankfurt, Germany

Schedule of Equity Method Investments [Line Items]

Amount loaned to the consolidated subsidiary that owns the data center

$ 80,000

Accounts payable and other accrued liabilities

$ 160,400

$ 160,400

Ownership interest in DCRU operating properties | Hyperscale data center buildings in the Chicago metro area

Schedule of Equity Method Investments [Line Items]

Ownership percentage in joint ventures

20%

20%

Ownership interest in DCRU operating properties | Hyperscale data center buildings in the Northern Virginia

Schedule of Equity Method Investments [Line Items]

Ownership percentage in joint ventures

20%

20%

Joint Venture With Blackstone Joint Venture

Schedule of Equity Method Investments [Line Items]

Ownership percentage in joint ventures

20%

Joint Venture With Blackstone Joint Venture | Hyperscale data center buildings in the Northern Virginia

Schedule of Equity Method Investments [Line Items]

Ownership percentage in joint ventures

20%

20%

Remaining development cost to be funded by each partner in pro rata share

$ 3,000,000

Joint Venture With Blackstone Joint Venture | Hyperscale Data Center Campuses across Frankfurt, Paris and Northern Virginia

Schedule of Equity Method Investments [Line Items]

Number of hyperscale data center campuses develop through joint venture | item

4

Joint Venture With Mitsubishi Joint Venture

Schedule of Equity Method Investments [Line Items]

Ownership percentage in joint ventures

35%

Joint Venture With Mitsubishi Joint Venture | Data Centers in Dallas Metro Area

Schedule of Equity Method Investments [Line Items]

Ownership percentage in joint ventures

35%

North America | Digital Core REIT

Schedule of Equity Method Investments [Line Items]

Ownership percentage in joint ventures

10%

10%

Digital Core REIT

Schedule of Equity Method Investments [Line Items]

Number of data centers | property

10

Number of units owned | shares

414

414

Digital Core REIT | Frankfurt data center

Schedule of Equity Method Investments [Line Items]

Ownership interest by noncontrolling interest

49.90%

Digital Core REIT | Subsidiary of Operating Partnership subsidiary

Schedule of Equity Method Investments [Line Items]

Ownership interest by noncontrolling interest

49.90%

49.90%

Digital Core REIT | Fee income and other

Schedule of Equity Method Investments [Line Items]

Fees earned pursuant to these contractual agreements

$ 800

$ 2,400

$ 6,800

$ 7,300

Acquired Intangible Assets an_3

Acquired Intangible Assets and Liabilities - Summary of Acquired Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Customer relationship value
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,926,388	$ 2,926,808
Accumulated Amortization	(1,068,137)	(952,943)
Total	1,858,251	1,973,865
Acquired in-place lease value
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,080,649	1,089,743
Accumulated Amortization	(871,818)	(859,167)
Total	208,831	230,576
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	126,624	108,744
Accumulated Amortization	(37,654)	(33,483)
Total	88,970	75,261
Acquired above-market leases
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	136,757	153,205
Accumulated Amortization	(131,780)	(150,344)
Total	4,977	2,861
Acquired below-market leases
Finite-Lived Intangible Assets [Line Items]
Below-market lease, Gross Carrying Amount	(266,513)	(273,951)
Below-market lease, Accumulated Amortization	225,398	226,840
Total	$ (41,115)	$ (47,111)

Acquired Intangible Assets an_4

Acquired Intangible Assets and Liabilities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Customer relationship value, acquired in-place lease value and other intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible assets	$ 61.5	$ 59.8	$ 178	$ 194.4
Below-market leases, net of above-market leases | Rental and other services
Finite-Lived Intangible Assets [Line Items]
Increase in revenue	$ 1.2	$ 1.6	$ 4	$ 5.1

Acquired Intangible Assets An_5

Acquired Intangible Assets And Liabilities - Schedule of Estimated Annual Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Customer relationship value
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	$ 45,679
2025	178,648
2026	178,011
2027	177,619
2028	155,174
Thereafter	1,123,120
Total	1,858,251	$ 1,973,865
Acquired in-place lease value
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	15,486
2025	56,363
2026	55,202
2027	45,304
2028	24,631
Thereafter	11,845
Total	208,831	230,576
Other
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	743
2025	2,970
2026	2,970
2027	2,970
2028	2,989
Thereafter	7,330
Total	19,972
Power grid rights
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Total			$ 69,000
Acquired above-market leases
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	310
2025	1,242
2026	1,124
2027	988
2028	986
Thereafter	327
Total	4,977	$ 2,861
Acquired below-market leases
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	(1,568)
2025	(6,242)
2026	(5,441)
2027	(4,796)
2028	(4,591)
Thereafter	(18,477)
Total	$ (41,115)

Debt of the Operating Partner_3

Debt of the Operating Partnership - Summary of Outstanding Indebtedness (Details) - Digital Realty Trust, L.P. - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Weighted-average interest rate	2.86%	2.89%
Amount Outstanding	$ 17,109,046	$ 17,537,652
Global Revolving Credit Facilities
Debt Instrument [Line Items]
Weighted-average interest rate	3.76%	4.33%
Amount Outstanding	$ 1,814,927	$ 1,825,228
Unsecured term loans
Debt Instrument [Line Items]
Weighted-average interest rate	4.29%	4.76%
Amount Outstanding	$ 917,563	$ 1,567,925
Unsecured senior notes
Debt Instrument [Line Items]
Weighted-average interest rate	2.33%	2.24%
Amount Outstanding	$ 13,610,252	$ 13,507,427
Secured and other debt
Debt Instrument [Line Items]
Weighted-average interest rate	8.48%	8.07%
Amount Outstanding	$ 766,304	$ 637,072

Debt of the Operating Partner_4

Debt of the Operating Partnership - Schedule of Debt Functional Currencies (Details) - Digital Realty Trust, L.P. - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Amount Outstanding	$ 17,109,046	$ 17,537,652
% of Total	2.86%	2.89%
U.S. dollar
Debt Instrument [Line Items]
Amount Outstanding	$ 2,550,614	$ 2,784,875
% of Total	14.90%	15.90%
British pound sterling
Debt Instrument [Line Items]
Amount Outstanding	$ 1,738,750	$ 1,973,305
% of Total	10.20%	11.20%
Euro
Debt Instrument [Line Items]
Amount Outstanding	$ 10,748,658	$ 10,835,878
% of Total	62.80%	61.80%
Other
Debt Instrument [Line Items]
Amount Outstanding	$ 2,071,024	$ 1,943,594
% of Total	12.10%	11.10%

Debt of the Operating Partner_5

Debt of the Operating Partnership - Schedule of Debt Maturities And Principal Payments (Details) $ in Thousands, € in Millions			9 Months Ended
	Sep. 13, 2024 EUR (€)	Jan. 09, 2024 USD ($)	Sep. 30, 2024 USD ($) Option	Sep. 30, 2023 USD ($)	Sep. 30, 2024 EUR (€)	Dec. 31, 2023 USD ($)
Debt Instrument
Repayments on secured / unsecured debt			$ 1,616,353	$ 3,081
U.S. Term Loan
Debt Instrument
Subtotal		$ 500,000
Repayments on secured / unsecured debt		$ 240,000
Premium paid for early extinguishment of debt			1,100
Euro term loan
Debt Instrument
Subtotal | €	€ 375
Repayments on secured / unsecured debt | €	€ 375
Premium paid for early extinguishment of debt			1,600
Digital Realty Trust, L.P.
Debt Instrument
2024			140
2025			2,177,191
2026			1,649,340
2027			1,419,752
2028			2,484,856
Thereafter			9,377,767
Subtotal			17,109,046			$ 17,537,652
Unamortized net discounts			(34,644)
Unamortized deferred financing costs			(87,856)
Total			16,986,546
Repayments on secured / unsecured debt			1,616,353	$ 3,081
Digital Realty Trust, L.P. | Global Revolving Credit Facilities
Debt Instrument
Thereafter			1,814,927
Subtotal			1,814,927			1,825,228
Unamortized deferred financing costs			(28,006)
Total			$ 1,786,921
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
2025			$ 917,563
Subtotal			917,563			1,567,925
Unamortized deferred financing costs			(3,830)
Total			$ 913,733
Number of extension option | Option			2
Maturity extension option 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
2025			$ 1,258,775
2026			1,522,211
2027			1,177,381
2028			2,106,750
Thereafter			7,545,135
Subtotal			13,610,252			13,507,427
Unamortized net discounts			(30,652)
Unamortized deferred financing costs			(51,539)			$ (51,761)
Total			13,528,061
Digital Realty Trust, L.P. | Secured and Other Debt
Debt Instrument
2024			140
2025			853
2026			127,129
2027			242,371
2028			378,106
Thereafter			17,705
Subtotal			766,304
Unamortized net discounts			(3,992)
Unamortized deferred financing costs			(4,481)
Total			$ 757,831
Digital Realty Trust, L.P. | U.S. Term Loan
Debt Instrument
Number of extension option | Option			1
Maturity extension option term			12 months
Debt face amount			$ 500,000
Percentage of extension fee			0.1875%		0.1875%

Debt of the Operating Partner_6

Debt of the Operating Partnership - Unsecured Senior Notes (Details) - Digital Realty Trust, L.P. € in Thousands, £ in Thousands, SFr in Thousands, $ in Thousands	Sep. 13, 2024 USD ($)	Sep. 13, 2024 EUR (€)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 EUR (€)	Sep. 30, 2024 GBP (£)	Sep. 30, 2024 CHF (SFr)	Dec. 31, 2023 USD ($)
Debt of the Operating Partnership [Line Items]
Long-term debt, gross			$ 17,109,046				$ 17,537,652
Deferred financing costs			(87,856)
Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Long-term debt, gross			13,610,252				13,507,427
Unamortized discounts, net of premiums			(30,652)				(33,324)
Deferred financing costs			(51,539)				(51,761)
Total unsecured senior notes, net of discount and deferred financing costs			13,528,061				13,422,342
Secured and Other Debt
Debt of the Operating Partnership [Line Items]
Long-term debt, gross			$ 766,304				637,072
2.625% notes due 2024 | 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
2.750% notes due 2024 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			2.75%	2.75%	2.75%	2.75%	2.75%
Aggregate principal amount			$ 324,925		£ 250,000
Long-term debt, gross							$ 318,275
4.250% notes due 2025 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			4.25%	4.25%	4.25%	4.25%	4.25%
Aggregate principal amount			$ 634,480		£ 400,000
Long-term debt, gross			$ 535,000				$ 509,240
0.625% notes due 2025 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			0.625%	0.625%	0.625%	0.625%	0.625%
Aggregate principal amount			$ 720,980	€ 650,000
Long-term debt, gross			$ 723,775				$ 717,535
2.500% notes due 2026 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			2.50%	2.50%	2.50%	2.50%	2.50%
Aggregate principal amount			$ 1,224,640	€ 1,075,000
Long-term debt, gross			$ 1,197,013				$ 1,186,693
0.200% notes due 2026 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			0.20%	0.20%	0.20%	0.20%	0.20%
Aggregate principal amount			$ 298,404			SFr 275,000
Long-term debt, gross			$ 325,198				$ 326,826
1.700% notes due 2027 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			1.70%	1.70%	1.70%	1.70%	1.70%
Aggregate principal amount			$ 162,465			SFr 150,000
Long-term debt, gross			$ 177,381				$ 178,269
3.700% notes due 2027 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			3.70%	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 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			5.55%	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 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			1.125%	1.125%	1.125%	1.125%	1.125%
Aggregate principal amount			$ 548,550	€ 500,000
Long-term debt, gross			$ 556,750				$ 551,950
4.450% notes due 2028 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			4.45%	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 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			0.55%	0.55%	0.55%	0.55%	0.55%
Aggregate principal amount			$ 292,478			SFr 270,000
Long-term debt, gross			$ 319,285				$ 320,884
3.600% notes due 2029 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			3.60%	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 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			3.30%	3.30%	3.30%	3.30%	3.30%
Aggregate principal amount			$ 454,895		£ 350,000
Long-term debt, gross			$ 468,125				$ 445,585
1.500% notes due 2030 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			1.50%	1.50%	1.50%	1.50%	1.50%
Aggregate principal amount			$ 831,900	€ 750,000
Long-term debt, gross			$ 835,125				$ 827,925
3.750% notes due 2030 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			3.75%	3.75%	3.75%	3.75%	3.75%
Aggregate principal amount			$ 719,825		£ 550,000
Long-term debt, gross			$ 735,625				$ 700,205
1.250% notes due 2031 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			1.25%	1.25%	1.25%	1.25%	1.25%
Aggregate principal amount			$ 560,950	€ 500,000
Long-term debt, gross			$ 556,750				$ 551,950
0.625% notes due 2031 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			0.625%	0.625%	0.625%	0.625%	0.625%
Aggregate principal amount			$ 1,220,700	€ 1,000,000
Long-term debt, gross			$ 1,113,500				$ 1,103,900
1.000% notes due 2032 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			1%	1%	1%	1%	1%
Aggregate principal amount			$ 874,500	€ 750,000
Long-term debt, gross			$ 835,125				$ 827,925
1.375% notes due 2032 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate			1.375%	1.375%	1.375%	1.375%	1.375%
Aggregate principal amount			$ 849,375	€ 750,000
Long-term debt, gross			$ 835,125				$ 827,925
3.875% notes due 2033 | Unsecured senior notes
Debt of the Operating Partnership [Line Items]
Stated interest rate		3.875%	3.875%	3.875%	3.875%	3.875%
Aggregate principal amount		€ 850,000	$ 941,375	€ 850,000
Long-term debt, gross			$ 946,475
Net proceeds from offering	$ 933,000	€ 843,000

Debt of the Operating Partner_7

Debt of the Operating Partnership - Narrative (Details) $ in Billions		9 Months Ended
	Sep. 24, 2024 USD ($) item	Sep. 30, 2024
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%
Global Revolving Credit Facility Amendment
Debt Instrument
Maximum borrowing capacity | $	$ 1.8
Number of extension options | item	2
Debt instrument, extension term	6 months
Interest rate basis spread	0.85%

Debt of the Operating Partner_8

Debt of the Operating Partnership - Global Revolving Credit Facilities (Details) - Sep. 24, 2024 $ in Millions, ¥ in Billions	USD ($) item	JPY (¥)
Global Revolving Credit Facilities
Debt Instrument
Maximum borrowing capacity | $	$ 4,200
Global Revolving Credit Facility Amendment
Debt Instrument
Maximum borrowing capacity | $	$ 1,800
Number of extension options | item	2
Debt instrument, extension term	6 months
Interest rate basis spread	0.85%
Commitment fee percentage	20%
Sustainability linking price threshold increase percentage	0.05%
Sustainability linking price threshold decrease percentage	0.05%
Yen Revolving Credit Facility
Debt Instrument
Maximum borrowing capacity | ¥		¥ 102.5
Number of extension options | item	2
Debt instrument, extension term	6 months
Interest rate basis spread	50%
Commitment fee percentage	10%
Sustainability linking price threshold increase percentage	0.05%
Sustainability linking price threshold decrease percentage	0.05%
Digital Realty Trust, L.P. | Yen Revolving Credit Facility
Debt Instrument
Maximum borrowing capacity	$ 296.8	¥ 42.5

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	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net income available to common stockholders	$ 41,012	$ 723,437	$ 382,378	$ 889,985
Loss attributable to redeemable noncontrolling interest	(9,918)	(3,032)	(22,432)	(9,851)
Net income available to common stockholders - diluted EPS	$ 31,094	$ 720,405	$ 359,946	$ 880,134
Denominator:
Weighted average units outstanding-basic (shares/units)	327,977	301,827	319,965	296,184
Potentially dilutive common shares/units:
Unvested incentive units (shares/units)	77	97	67	78
Unvested restricted stock (shares/units)	69	43	39	3
Forward equity offering (shares/units)		209		253
Market performance-based awards (shares/units)	228	166	285	90
Redeemable noncontrolling interest shares (shares/units)	7,898	8,999	8,285	10,127
Weighted average shares/units outstanding-diluted (shares/units)	336,249	311,341	328,641	306,735
Income per unit:
Basic (in dollars per share)	$ 0.13	$ 2.40	$ 1.20	$ 3
Diluted (in dollars per share)	$ 0.09	$ 2.31	$ 1.10	$ 2.87
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
Digital Realty Trust, L.P.
Numerator:
Net income available to common stockholders	$ 42,012	$ 739,737	$ 391,078	$ 910,285
Loss attributable to redeemable noncontrolling interest	(9,918)	(3,032)	(22,432)	(9,851)
Net income available to common stockholders - diluted EPS	$ 32,094	$ 736,705	$ 368,646	$ 900,434
Denominator:
Weighted average units outstanding-basic (shares/units)	334,103	308,024	326,154	302,316
Potentially dilutive common shares/units:
Unvested incentive units (shares/units)	77	97	67	78
Unvested restricted stock (shares/units)	69	43	39	3
Forward equity offering (shares/units)		209		253
Market performance-based awards (shares/units)	228	166	285	90
Redeemable noncontrolling interest shares (shares/units)	7,898	8,999	8,285	10,127
Weighted average shares/units outstanding-diluted (shares/units)	342,375	317,538	334,830	312,867
Income per unit:
Basic (in dollars per share)	$ 0.13	$ 2.40	$ 1.20	$ 3.01
Diluted (in dollars per share)	$ 0.09	$ 2.32	$ 1.10	$ 2.88

Earnings per Common Share or _4

Earnings per Common Share or Unit - Impact of Earnings Per Share (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Diluted (in dollars per share)	$ 0.09	$ 2.31	$ 1.10	$ 2.87
Digital Realty Trust, L.P.
Diluted (in dollars per share)	$ 0.09	$ 2.32	$ 1.10	$ 2.88

Earnings per Common Share or _5

Earnings per Common Share or Unit - Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (shares)	10,898	15,871	11,306	16,726
Shares subject to Forward Equity Offering
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (shares)		3,454		3,454
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)	6,125	6,197	6,189	6,132
Series J Cumulative Redeemable Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (shares)	1,264	1,647	1,355	1,891
Series K Cumulative Redeemable Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (shares)	1,329	1,732	1,425	1,988
Series L Cumulative Redeemable Preferred Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (shares)	2,180	2,841	2,337	3,261

Equity and Capital - Equity Dis

Equity and Capital - Equity Distribution Agreement (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions					9 Months Ended
	Oct. 30, 2024	Oct. 01, 2024	May 10, 2024	May 07, 2024	Sep. 30, 2024	May 08, 2024	Feb. 23, 2024	Aug. 04, 2023
2023 Sales Agreement
Subsidiary, Sale of Stock [Line Items]
Aggregate maximum offering price								$ 1,500
Net proceeds from sale of stock					$ 99
Average price per share					$ 133.43
Payment of stock issuance costs					$ 0.6
Issuance of common stock, net of costs (shares)					0.6
2024 Sales Agreement
Subsidiary, Sale of Stock [Line Items]
Aggregate maximum offering price							$ 2,000
Net proceeds from sale of stock					$ 983
Payment of stock issuance costs					$ 9.9
Issuance of common stock, net of costs (shares)					6.4
Value of shares remain unsold at the time of termination							$ 258.3
2024 Sales Agreement | Subsequent Event [Member]
Subsidiary, Sale of Stock [Line Items]
Net proceeds from sale of stock		$ 62
Average price per share		$ 160.81
Payment of stock issuance costs		$ 0.6
Issuance of common stock, net of costs (shares)		0.4
Amount of shares reserved for future issuance	$ 900
Over-Allotment Option
Subsidiary, Sale of Stock [Line Items]
Issuance of common stock, net of costs (shares)				1.6
Equity Offering [Member]
Subsidiary, Sale of Stock [Line Items]
Net proceeds from sale of stock			$ 1,700
Shares price						$ 136.66
Equity Offering [Member] | Maximum [Member]
Subsidiary, Sale of Stock [Line Items]
Shares reserved for future issuance				12.1

Equity and Capital - Noncontrol

Equity and Capital - Noncontrolling Interests in Operating Partnership (Details) - USD ($) shares in Thousands, $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Class of Stock
Number of units (units)	331,347	311,608
Percentage of total	98.10%	98%
Common stock conversion ratio	1
Digital Realty Trust, L.P.
Class of Stock
Redeemable noncontrolling interests - operating partnership	$ 1,004.4	$ 834.1
Common units held by third parties
Class of Stock
Common units held by third parties (units)	4,254	4,343
Percentage of total	1.30%	1.30%
Incentive units held by employees and directors (see Note 12. Incentive Plan)
Class of Stock
Incentive units held by employees and directors (units)	2,143	2,106
Percentage of total	0.60%	0.70%
Noncontrolling Interests in Operating Partnership
Class of Stock
Number of units (units)	337,744	318,057
Percentage of total	100%	100%

Equity and Capital - Summary of

Equity and Capital - Summary of Activity For Noncontrolling Interests in The Operating Partnership (Details) shares in Thousands	9 Months Ended
	Sep. 30, 2024 shares
Common And Incentive Unit Activity [Roll Forward]
Beginning balance (units)	6,449
Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock (units)	(290)
Incentive units issued upon achievement of market performance condition (units)	88
Grant of incentive units to employees and directors (units)	154
Cancellation / forfeitures of incentive units held by employees and directors (units)	(4)
Ending balance (units)	6,397
Common Units
Common And Incentive Unit Activity [Roll Forward]
Beginning balance (units)	4,343
Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock (units)	(89)
Incentive units issued upon achievement of market performance condition (units)	0
Grant of incentive units to employees and directors (units)	0
Cancellation / forfeitures of incentive units held by employees and directors (units)	0
Ending balance (units)	4,254
Incentive Units
Common And Incentive Unit Activity [Roll Forward]
Beginning balance (units)	2,106
Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock (units)	(201)
Incentive units issued upon achievement of market performance condition (units)	88
Grant of incentive units to employees and directors (units)	154
Cancellation / forfeitures of incentive units held by employees and directors (units)	(4)
Ending balance (units)	2,143

Equity and Capital - Schedule o

Equity and Capital - Schedule of Dividends and Distributions (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Dividends Payable [Line Items]
Preferred stock, liquidation preference per share (in dollars per share)	$ 25	$ 25
Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	$ 7,875
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	$ 9,213
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	$ 13,455
Preferred stock dividend per share amount (in dollars per share/unit)	$ 1.30000
Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units	$ 1,180,296
Common stock dividend per share amount (in dollars per share/unit)	$ 4.88000
O2024 Q1 Dividends
Dividends Payable [Line Items]
Date Declared	Feb. 28, 2024
Date to be Paid	Mar. 28, 2024
O2024 Q1 Dividends | Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	$ 2,625
O2024 Q1 Dividends | Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	3,071
O2024 Q1 Dividends | Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	4,485
O2024 Q1 Dividends | Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units	$ 382,208
O2024 Q2 Dividends
Dividends Payable [Line Items]
Date Declared	May 08, 2024
Date to be Paid	Jun. 28, 2024
O2024 Q2 Dividends | Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	$ 2,625
O2024 Q2 Dividends | Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	3,071
O2024 Q2 Dividends | Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	4,485
O2024 Q2 Dividends | Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units	$ 397,429
O2024 Q3 Dividends
Dividends Payable [Line Items]
Date Declared	Aug. 07, 2024
Date to be Paid	Sep. 30, 2024
O2024 Q3 Dividends | Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	$ 2,625
O2024 Q3 Dividends | Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	3,071
O2024 Q3 Dividends | Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	4,485
O2024 Q3 Dividends | Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units	$ 400,659
Digital Realty Trust, L.P.
Dividends Payable [Line Items]
Preferred stock, liquidation preference per share (in dollars per share)	$ 25	$ 25
Digital Realty Trust, L.P. | Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	$ 7,875
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	$ 9,213
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	$ 13,455
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, common units	$ 1,204,354
Common stock dividend per share amount (in dollars per share/unit)	$ 4.88000
Digital Realty Trust, L.P. | O2024 Q1 Dividends | Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	$ 2,625
Digital Realty Trust, L.P. | O2024 Q1 Dividends | Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	3,071
Digital Realty Trust, L.P. | O2024 Q1 Dividends | Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	4,485
Digital Realty Trust, L.P. | O2024 Q1 Dividends | Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units	390,356
Digital Realty Trust, L.P. | O2024 Q2 Dividends | Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	2,625
Digital Realty Trust, L.P. | O2024 Q2 Dividends | Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	3,071
Digital Realty Trust, L.P. | O2024 Q2 Dividends | Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	4,485
Digital Realty Trust, L.P. | O2024 Q2 Dividends | Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units	405,421
Digital Realty Trust, L.P. | O2024 Q3 Dividends | Series J Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	2,625
Digital Realty Trust, L.P. | O2024 Q3 Dividends | Series K Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	3,071
Digital Realty Trust, L.P. | O2024 Q3 Dividends | Series L Preferred Units
Dividends Payable [Line Items]
Dividends/Distributions, preferred units	4,485
Digital Realty Trust, L.P. | O2024 Q3 Dividends | Common Units
Dividends Payable [Line Items]
Dividends/Distributions, common units	$ 408,577

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss), Net (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	$ 19,601,507
Ending balance	21,710,975
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	(638,583)
Net current period change	94,952
Ending balance	(543,631)
Increase (decrease) in fair value of derivatives, net of reclassification
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	(112,810)
Net current period change	(924)
Ending balance	(113,734)
Accumulated Other Comprehensive Loss, Net
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	(751,393)
Net current period change	94,028
Ending balance	(657,365)
Digital Realty Trust, L.P.
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	19,601,507
Ending balance	21,710,975
Digital Realty Trust, L.P. | Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	(656,063)
Net current period change	96,519
Ending balance	(559,544)
Digital Realty Trust, L.P. | Increase (decrease) in fair value of derivatives, net of reclassification
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	(116,605)
Net current period change	(858)
Ending balance	(117,463)
Digital Realty Trust, L.P. | Accumulated Other Comprehensive Loss, Net
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance	(772,668)
Net current period change	95,661
Ending balance	$ (677,007)

Incentive Plans - Performance B

Incentive Plans - Performance Based Awards (Details) - USD ($) $ in Millions				1 Months Ended	9 Months Ended		12 Months Ended
	Feb. 27, 2025	Feb. 27, 2024	Jan. 01, 2024	Jan. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period					4 years	4 years
Market-based performance awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period					3 years
Fair value of awards					$ 9.8	$ 8.2
Market-based performance awards | Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage					0%
Performance Threshold					(500.00%)
Market-based performance awards | Share-Based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage					25%
Performance Threshold					(500.00%)
Market-based performance awards | Share-Based Payment Arrangement, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage					50%
Performance Threshold					0%
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 | 2021 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%
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
Restricted Stock Units (RSUs) [Member] | 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 | 2021 Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting of restricted common units, net (units)							5,131
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			$ 9.8
Subsequent Event [Member] | Market-based performance awards | First Vesting Period | 2021 Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	50%

Incentive Plans - Schedule of C

Incentive Plans - Schedule of Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Long-term incentive units
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Deferred compensation, expensed	$ 4	$ 3.7	$ 11.5	$ 10.1
Deferred compensation, capitalized		0.1	0.1	0.1
Unearned Compensation	$ 26		26		$ 16.6
Expected period to recognize unearned compensation (in years)	2 years 4 months 24 days
Market-based performance awards
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Deferred compensation, expensed	$ 3.5	3.1	9.2	8.6
Deferred compensation, capitalized		0.1	0.1	0.2
Unearned Compensation	$ 27.6		27.6		19.9
Expected period to recognize unearned compensation (in years)	0 years
Service Based Restricted Stock Units
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Deferred compensation, expensed	$ 9.2	8.2	25.6	24.1
Deferred compensation, capitalized	0.8	1.8	3.6	4.4
Unearned Compensation	$ 78.3		78.3		$ 66.4
Expected period to recognize unearned compensation (in years)	2 years 7 months 6 days
Interxion awards
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Deferred compensation, expensed		$ 0.3		1.6
Deferred compensation, capitalized			$ 0.1	$ 0.1
Expected period to recognize unearned compensation (in years)	0 years

Incentive Plans - Summary of Lo

Incentive Plans - Summary of Long-Term Incentive Units (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Units
Granted (shares)	154,000
Long-term incentive units
Units
Unvested beginning of period (shares)	238,360
Granted (shares)	279,670
Vested (shares)	(197,869)
Cancelled or expired (shares)	(49,997)
Unvested end of period (shares)	270,164
Weighted-Average Grant Date Fair Value
Unvested, beginning of period (in dollars per share) | $ / shares	$ 121.99
Granted (in dollars per share) | $ / shares	137.04
Vested (in dollars per share) | $ / shares	131.41
Cancelled or expired (in dollars per share) | $ / shares	135.75
Unvested, end of period (in dollars per share) | $ / shares	$ 128.12

Incentive Plans - Summary of ac

Incentive Plans - Summary of activity for Service-Based Restricted Stock Units (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Units
Granted (shares)	154,000
Restricted stock
Units
Unvested beginning of period (shares)	621,863
Granted (shares)	370,447
Vested (shares)	(221,850)
Cancelled or expired (shares)	(100,111)
Unvested end of period (shares)	670,349
Weighted-Average Grant Date Fair Value
Unvested, beginning of period (in dollars per share) | $ / shares	$ 132.07
Granted (in dollars per share) | $ / shares	142.10
Vested (in dollars per share) | $ / shares	124.79
Cancelled or expired (in dollars per share) | $ / shares	123.85
Unvested, end of period (in dollars per share) | $ / shares	$ 141.25

Incentive Plans - Narrative (De

Incentive Plans - Narrative (Details) shares in Millions	9 Months Ended
	Sep. 30, 2024 shares
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)	3.7
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

Derivative Instruments - Effect

Derivative Instruments - Effect of Investment Hedges (Details) - Interest Rate Swap - Net Investment Hedging - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative [Line Items]
Cross-currency interest rate swaps (included component)	$ (83,624)	$ 52,698	$ (5,616)	$ 53,853
Cross-currency interest rate swaps (excluded component)	12,121	(14,006)	12,748	(28,423)
Total	(71,503)	38,692	7,132	25,430
Cross-currency interest rate swaps (excluded component)	$ 5,205	$ 5,505	$ 17,314	$ 16,699
Derivative, Excluded Component, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense, Operating and Nonoperating	Interest Expense, Operating and Nonoperating	Interest Expense, Operating and Nonoperating	Interest Expense, Operating and Nonoperating

Derivative Instruments - Cash F

Derivative Instruments - Cash Flow Hedges (Details) - Designated as Hedging Instrument $ in Thousands, € in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 EUR (€)
Cash Flow Hedging
Derivative [Line Items]
Gain (loss) to be reclassified within twelve months			$ 1,600
Interest Rate Swap
Derivative [Line Items]
Notional Amount	$ 1,700,000		1,700,000
Interest Rate Swap | Cash Flow Hedging
Derivative [Line Items]
Unrealized gain (loss)	(19,191)	$ 538	(7,991)	$ 12,912
Realized loss	$ 4,031	$ 3,845	$ 12,348	$ 6,688
Derivative, Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense, Operating and Nonoperating	Interest Expense, Operating and Nonoperating	Interest Expense, Operating and Nonoperating	Interest Expense, Operating and Nonoperating
Euro term loan | Cash Flow Hedging
Derivative [Line Items]
Notional Amount | €					€ 375
USD Term Loan | Cash Flow Hedging
Derivative [Line Items]
Notional Amount	$ 500,000		$ 500,000

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Accrued Liabilities	Accounts Payable and Accrued Liabilities
Designated as Hedging Instrument
Derivative [Line Items]
Assets	$ 12,032	$ 8,538
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Liabilities	$ 170,167	$ 156,753
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Accrued Liabilities	Accounts Payable and Accrued Liabilities
Designated as Hedging Instrument | Cross-currency interest rate swaps
Derivative [Line Items]
Assets	$ 4,246
Liabilities	153,867	$ 156,753
Designated as Hedging Instrument | Interest rate swaps
Derivative [Line Items]
Assets	7,786	$ 8,538
Liabilities	$ 16,300

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Estimated Fair Value And Carrying Amounts (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt	$ 14,358,603	$ 16,436,245
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt	17,109,046	17,537,652
Level 2 | Global Revolving Credit Facilities | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of credit	1,814,927	1,825,228
Level 2 | Global Revolving Credit Facilities | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of credit	1,814,927	1,825,228
Level 2 | Unsecured term loans | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of credit	917,563	1,567,925
Level 2 | Unsecured term loans | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of credit	917,563	1,567,925
Level 2 | Unsecured senior notes | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unsecured senior notes	10,866,916	12,417,619
Level 2 | Unsecured senior notes | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unsecured senior notes	13,610,252	13,507,427
Level 2 | Secured and Other Debt | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured and other debt	759,197	625,473
Level 2 | Secured and Other Debt | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured and other debt	$ 766,304	$ 637,072

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Additional Information (Details) $ in Millions	3 Months Ended
	Sep. 30, 2024 USD ($) $ / ft²
Fair Value of Financial Instruments
Recorded impairment charge | $	$ 168.3
Comparable sales value, lower range	69
Comparable Sales Values, Upper Range	151

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	Sep. 30, 2024 USD ($)
Commitments and Contingencies.
Reimbursable amount of commitments related to construction contracts	$ 62.5
Commitments related to construction contracts	$ 1,900

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Supplemental Cash Flow Information
Cash and cash equivalents	$ 2,175,605		$ 1,625,495
Restricted cash (included in Other assets)	$ 6,503		$ 10,975
Restricted Cash, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets
Total	$ 2,182,108	$ 1,072,445	$ 1,636,470	$ 150,696
Interest, net of amounts capitalized	391,600	345,800
Income taxes, net of refunds	53,400	60,100
Accrued construction related costs	$ 504,400	$ 607,600

Segment and Geographic Inform_3

Segment and Geographic Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of Operating Segments | segment			1
Number of Reportable Segments | segment			1
Total operating revenues	$ 1,431,214	$ 1,402,432	$ 4,119,106	$ 4,107,422
Investments in Properties, net	27,686,662		27,686,662		$ 26,531,977
Net Assets in Foreign Operations	8,229,400		8,229,400		6,778,400
Operating lease right-of-use assets, net	1,228,507		1,228,507		1,414,256
Inside the United States
Segment Reporting Information [Line Items]
Total operating revenues	740,200	727,400	2,159,700	2,144,000
Investments in Properties, net	10,309,700		10,309,700		10,429,200
Operating lease right-of-use assets, net	561,900		561,900		610,200
Outside the United States
Segment Reporting Information [Line Items]
Total operating revenues	691,000	$ 675,000	1,959,400	$ 1,963,400
Investments in Properties, net	14,920,500		14,920,500		13,806,900
Operating lease right-of-use assets, net	$ 666,600		$ 666,600		$ 804,100
Outside the United States | Revenue Outside of U.S. % | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk	48.30%	48.10%	47.60%	47.80%