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STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2014
Sep. 30, 2013
Historical Predecessor [Member]
Sep. 30, 2013
Historical Predecessor [Member]
Revenues:        
Rental $ 45,448 $ 127,993 $ 37,595 $ 106,184
Recoveries from customers 6,131 13,674 3,603 9,925
Cloud and managed services 5,242 14,443 4,393 12,828
Other 1,124 2,116 429 1,521
Total revenues 57,945 158,226 46,020 130,458
Operating Expenses:        
Property operating costs 20,369 53,121 15,638 44,930
Real estate taxes and insurance 1,377 3,713 1,101 3,304
Depreciation and amortization 15,210 42,274 12,136 34,197
General and administrative 11,045 33,296 10,097 29,387
Restructuring 226 1,272    
Transaction costs (195) 958    
Total operating expenses 48,032 134,634 38,972 111,818
Operating income 9,913 23,592 7,048 18,640
Other income and expenses:        
Interest income   8 4 17
Interest expense (5,410) (9,683) (4,343) (15,977)
Other (expense) income, net (470) (580)   (3,277)
Income (loss) before taxes 4,033 13,337 2,709 (597)
Tax expense of taxable REIT subsidiaries (27) (82)    
Net income (loss) 4,006 13,255 2,709 (597)
Net income attributable to noncontrolling interests (849) (2,810)    
Net income (loss) attributable to QTS Realty Trust, Inc 3,157 10,445 2,709 (597)
Unrealized gain on swap     8 220
Comprehensive income (loss) $ 3,157 $ 10,445 $ 2,717 $ (377)
Net income per share attributable to common shares:        
Basic $ 0.11 $ 0.36    
Diluted $ 0.11 $ 0.36    
Weighted average common shares outstanding:        
Basic 29,016,774 29,006,620    
Diluted 37,251,769 37,039,603