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BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Real Estate Assets    
Land $ 52,430 $ 48,577
Buildings and improvements 1,073,120 914,286
Less: Accumulated depreciation (205,284) (180,167)
Total real estate assets 920,266 782,696
Construction in progress 320,885 214,719
Real Estate Assets, net 1,241,151 997,415
Cash and cash equivalents 10,744 10,788
Rents and other receivables, net 30,548 15,579
Acquired intangibles, net 122,005 18,000
Deferred costs, net 38,013 37,058
Prepaid expenses 7,132 3,079
Goodwill 173,237  
Other assets, net 29,198 24,640
TOTAL ASSETS 1,652,028 1,106,559
LIABILITIES    
Mortgage notes payable 70,000 86,600
Unsecured credit facility 330,000 239,838
Senior notes, net of discount 297,852 297,729
Capital lease and lease financing obligations 56,211 13,062
Accounts payable and accrued liabilities 92,708 64,607
Dividends and distributions payable 15,322 10,705
Advance rents, security deposits and other liabilities 19,444 3,302
Deferred income taxes 16,449  
Deferred income 19,557 10,531
TOTAL LIABILITIES 917,543 726,374
EQUITY    
Common stock, $0.01 par value, 450,133,000 shares authorized, 40,881,002 and 29,408,138 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively 409 294
Additional paid-in capital 664,751 324,917
Accumulated dividends in excess of earnings (38,014) (22,503)
Total stockholders' equity 627,146 302,708
Noncontrolling interests 107,339 77,477
TOTAL EQUITY 734,485 380,185
TOTAL LIABILITIES AND EQUITY 1,652,028 1,106,559
Qualitytech, LP [Member]    
Real Estate Assets    
Land 52,430 48,577
Buildings and improvements 1,073,120 914,286
Less: Accumulated depreciation (205,284) (180,167)
Total real estate assets 920,266 782,696
Construction in progress 320,885 214,719
Real Estate Assets, net 1,241,151 997,415
Cash and cash equivalents 10,744 10,788
Rents and other receivables, net 30,548 15,579
Acquired intangibles, net 122,005 18,000
Deferred costs, net 38,013 37,058
Prepaid expenses 7,132 3,079
Goodwill 173,237  
Other assets, net 29,198 24,640
TOTAL ASSETS 1,652,028 1,106,559
LIABILITIES    
Mortgage notes payable 70,000 86,600
Unsecured credit facility 330,000 239,838
Senior notes, net of discount 297,852 297,729
Capital lease and lease financing obligations 56,211 13,062
Accounts payable and accrued liabilities 92,708 64,607
Dividends and distributions payable 15,322 10,705
Advance rents, security deposits and other liabilities 19,444 3,302
Deferred income taxes 16,449  
Deferred income 19,557 10,531
TOTAL LIABILITIES 917,543 726,374
EQUITY    
Partners' capital 734,485 380,185
TOTAL LIABILITIES AND EQUITY $ 1,652,028 $ 1,106,559