DIGITAL REALTY TRUST INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
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Notes to Schedule III—Properties and Accumulated Depreciation
(1) Tax Cost
The aggregate gross cost of the Company’s properties for federal income tax purposes approximated $42.6 billion (unaudited) as of December 31, 2023.
(2) Historical Cost and Accumulated Depreciation and Amortization
The following table reconciles the historical cost of the Company’s properties for financial reporting purposes for each of the years in the three-year period ended December 31, 2023.
| · · · · · · · · · | ||||||
|---|---|---|---|---|---|---|
| · · Year Ended December 31, | ||||||
| · 2023 · 2022 · 2021 | ||||||
| Balance, beginning of year | | $26,136,057 | | $23,625,450 | | $23,142,988 |
| Additions during period (acquisitions and improvements) | | 3,494,450 | | 2,553,946 | | 1,570,162 |
| Deductions during period (dispositions, impairments and assets held for sale) | | (2,324,139) | | (43,339) | | (1,087,700) |
| Balance, end of year | | $27,306,368 | | $26,136,057 | | $23,625,450 |
The following table reconciles accumulated depreciation and amortization of the Company’s properties for financial reporting purposes for each of the years in the three-year period ended December 31, 2023.
| · · · · · · · · · | ||||||
|---|---|---|---|---|---|---|
| · · Year Ended December 31, | ||||||
| · 2023 · 2022 · 2021 | ||||||
| Balance, beginning of year | | $7,268,981 | | $6,210,281 | | $5,555,221 |
| Additions during period (depreciation and amortization expense) | | 1,338,912 | | 1,079,497 | | 1,042,011 |
| Deductions during period (dispositions and assets held for sale) | | (784,208) | | (20,797) | | (386,951) |
| Balance, end of year | | $7,823,685 | | $7,268,981 | | $6,210,281 |
Schedules other than those listed above are omitted because they are not applicable or the information required is included in the Consolidated Financial Statements or the notes thereto.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.