v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 826,022 $ 1,217,054
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposition of properties, net (17,264) (952,721)
Equity in loss of unconsolidated entities 20,230 36,646
Distributions from unconsolidated entities 109,954 99,993
Depreciation and amortization 1,546,088 1,401,178
Amortization of share-based compensation 83,034 69,760
Loss on debt extinguishment and modifications 4,119  
Straight-lined rents and amortization of above and below market leases (88,344) (77,614)
Amortization of deferred financing costs and debt discount / premium 24,467 22,918
Other operating activities, net (71,572) (17,160)
Changes in assets and liabilities:    
Increase in accounts receivable and other assets (669,679) (221,448)
Increase in accounts payable and other liabilities 210,431 114,577
Net cash provided by operating activities 1,977,486 1,693,183
Cash flows from investing activities:    
Improvements to investments in real estate (3,166,212) (2,179,018)
Cash paid for business combination / asset acquisitions, net of cash acquired (2,943,950) (288,013)
Investments in and advances to unconsolidated entities (745,350) (326,351)
Return of investment from unconsolidated entities 52,172 153,238
Proceeds from sale / contribution of assets 180,237 1,159,712
Other investing activities, net 21,156 9,034
Net cash used in investing activities (6,601,947) (1,471,398)
Cash flows from financing activities:    
Proceeds from credit facilities 1,513,113 1,411,930
Payments on credit facilities (740,394) (1,958,565)
Borrowings on secured / unsecured debt 68,860 1,876,331
Repayments on secured / unsecured debt (57,340) (1,249,865)
Capital contributions (distribution to) from noncontrolling interests, net 4,248 (5,000)
Proceeds from issuance of common stock, net 2,952,946 1,029,190
Payments of dividends and distributions (1,802,174) (1,718,285)
Other financing activities, net 4,135 (24,406)
Net cash provided by (used in) financing activities 1,943,394 (638,670)
Net decrease in cash, cash equivalents and restricted cash (2,681,067) (416,885)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 29,128 (153,793)
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 806,351 3,306,022
Digital Realty Trust, L.P.    
Cash flows from operating activities:    
Net income 826,022 1,217,054
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposition of properties, net (17,264) (952,721)
Equity in loss of unconsolidated entities 20,230 36,646
Distributions from unconsolidated entities 109,954 99,993
Depreciation and amortization 1,546,088 1,401,178
Amortization of share-based compensation 83,034 69,760
Loss on debt extinguishment and modifications 4,119  
Straight-lined rents and amortization of above and below market leases (88,344) (77,614)
Amortization of deferred financing costs and debt discount / premium 24,467 22,918
Other operating activities, net (71,572) (17,160)
Changes in assets and liabilities:    
Increase in accounts receivable and other assets (669,679) (221,448)
Increase in accounts payable and other liabilities 210,431 114,577
Net cash provided by operating activities 1,977,486 1,693,183
Cash flows from investing activities:    
Improvements to investments in real estate (3,166,212) (2,179,018)
Cash paid for business combination / asset acquisitions, net of cash acquired (2,943,950) (288,013)
Investments in and advances to unconsolidated entities (745,350) (326,351)
Return of investment from unconsolidated entities 52,172 153,238
Proceeds from sale / contribution of assets 180,237 1,159,712
Other investing activities, net 21,156 9,034
Net cash used in investing activities (6,601,947) (1,471,398)
Cash flows from financing activities:    
Proceeds from credit facilities 1,513,113 1,411,930
Payments on credit facilities (740,394) (1,958,565)
Borrowings on secured / unsecured debt 68,860 1,876,331
Repayments on secured / unsecured debt (57,340) (1,249,865)
Capital contributions (distribution to) from noncontrolling interests, net 4,248 (5,000)
General partner contributions 2,952,946 1,029,190
Payments of dividends and distributions (1,802,174) (1,718,285)
Other financing activities, net 4,135 (24,406)
Net cash provided by (used in) financing activities 1,943,394 (638,670)
Net decrease in cash, cash equivalents and restricted cash (2,681,067) (416,885)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 29,128 (153,793)
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 $ 806,351 $ 3,306,022