v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 632,411 $ 1,153,341
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposition of properties, net (8,861) (932,941)
Equity in loss of unconsolidated entities 1,797 19,702
Distributions from unconsolidated entities 90,217 74,009
Depreciation and amortization 1,006,617 904,176
Amortization of share-based compensation 54,281 45,891
Loss on debt extinguishment and modifications 4,119  
Straight-lined rents and amortization of above and below market leases (46,542) (46,015)
Amortization of deferred financing costs and debt discount / premium 16,310 15,186
Other operating activities, net (49,307) 7,797
Changes in assets and liabilities:    
Increase in accounts receivable and other assets (139,032) (240,721)
Increase in accounts payable and other liabilities 33,217 39,897
Net cash provided by operating activities 1,595,227 1,040,322
Cash flows from investing activities:    
Improvements to investments in real estate (1,784,229) (1,491,626)
Cash paid for business combination / asset acquisitions, net of cash acquired (2,170,016) (217,883)
Investments in and advances to unconsolidated entities (445,405) (215,292)
Return of investment from unconsolidated entities 35,828 148,137
Proceeds from sale / contribution of assets 171,320 1,077,354
Other investing activities, net (54,045) (42,530)
Net cash used in investing activities (4,246,547) (741,840)
Cash flows from financing activities:    
Proceeds from credit facilities 381,697 821,522
Payments on credit facilities (554,655) (1,958,565)
Borrowings on secured / unsecured debt 39,293 1,868,893
Repayments on secured / unsecured debt (56,638) (495,800)
Capital (distribution to) contributions from noncontrolling interests, net 4,401 1,736
Proceeds from issuance of common stock, net 2,495,682 605,163
Payments of dividends and distributions (1,325,782) (1,281,910)
Other financing activities, net (3,757) (23,205)
Net cash provided by (used in) financing activities 980,241 (462,166)
Net decrease in cash, cash equivalents and restricted cash (1,671,079) (163,684)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 79,426 (151,312)
Cash, cash equivalents and restricted cash at beginning of period 3,458,290 3,876,700
Cash, cash equivalents and restricted cash at end of period 1,866,637 3,561,704
Digital Realty Trust, L.P.    
Cash flows from operating activities:    
Net income 632,411 1,153,341
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposition of properties, net (8,861) (932,941)
Equity in loss of unconsolidated entities 1,797 19,702
Distributions from unconsolidated entities 90,217 74,009
Depreciation and amortization 1,006,617 904,176
Amortization of share-based compensation 54,281 45,891
Loss on debt extinguishment and modifications 4,119  
Straight-lined rents and amortization of above and below market leases (46,542) (46,015)
Amortization of deferred financing costs and debt discount / premium 16,310 15,186
Other operating activities, net (49,307) 7,797
Changes in assets and liabilities:    
Increase in accounts receivable and other assets (139,032) (240,721)
Increase in accounts payable and other liabilities 33,217 39,897
Net cash provided by operating activities 1,595,227 1,040,322
Cash flows from investing activities:    
Improvements to investments in real estate (1,784,229) (1,491,626)
Cash paid for business combination / asset acquisitions, net of cash acquired (2,170,016) (217,883)
Investments in and advances to unconsolidated entities (445,405) (215,292)
Return of investment from unconsolidated entities 35,828 148,137
Proceeds from sale / contribution of assets 171,320 1,077,354
Other investing activities, net (54,045) (42,530)
Net cash used in investing activities (4,246,547) (741,840)
Cash flows from financing activities:    
Proceeds from credit facilities 381,697 821,522
Payments on credit facilities (554,655) (1,958,565)
Borrowings on secured / unsecured debt 39,293 1,868,893
Repayments on secured / unsecured debt (56,638) (495,800)
Capital (distribution to) contributions from noncontrolling interests, net 4,401 1,736
General partner contributions 2,495,682 605,163
Payments of dividends and distributions (1,325,782) (1,281,910)
Other financing activities, net (3,757) (23,205)
Net cash provided by (used in) financing activities 980,241 (462,166)
Net decrease in cash, cash equivalents and restricted cash (1,671,079) (163,684)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 79,426 (151,312)
Cash, cash equivalents and restricted cash at beginning of period 3,458,290 3,876,700
Cash, cash equivalents and restricted cash at end of period $ 1,866,637 $ 3,561,704