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Equity and Capital (Tables) | 3 Months Ended
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Mar. 31, 2023
Class of Stock |
Ownership Interest In The Operating Partnership | The following table shows the ownership interest in the Operating Partnership as of March 31, 2023 and December 31, 2022 (in thousands):
Summary of Activity for Noncontrolling Interests in the Operating Partnership | The following table shows activity for noncontrolling interests in the Operating Partnership for the three months ended March 31, 2023 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ ​ |  | Common Units |  | Incentive Units |  | Total
As of December 31, 2022 |  | 4,375 |  | 1,914 |  | 6,289
Conversion of incentive units held by employees and directors for shares of Digital Realty Trust, Inc. common stock (1) |  | — |  | (6) |  | (6)
Incentive units issued upon achievement of market performance condition |  | — |  | 72 |  | 72
Grant of incentive units to employees and directors |  | — |  | 142 |  | 142
Cancellation / forfeitures of incentive units held by employees and directors |  | — |  | (35) |  | (35)
As of March 31, 2023 |  | 4,375 |  | 2,087 |  | 6,462
(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 three months ended March 31, 2023 (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 22, 2023 | ​ | March 31, 2023 | ​ | $ | 2,625 | ​ | $ | 3,071 | ​ | $ | 4,485 | ​ | $ | 356,214
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 three months ended March 31, 2023 (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 22, 2023 | ​ | March 31, 2023 | ​ | $ | 2,625 | ​ | $ | 3,071 | ​ | $ | 4,485 | ​ | $ | 364,204
Annual rate of distribution per unit | ​ | ​ | ​ | $ | 1.31250 | ​ | $ | 1.46250 | ​ | $ | 1.30000 | ​ | $ | 4.88000

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- Definition Tabular disclosure of other units or shares or classes of ownership in a partnership. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 + Details
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