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STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2013
Oct. 14, 2013
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:          
Rental $ 33,304   $ 230,510 $ 175,649  
Recoveries from customers 2,674   22,581 19,194  
Cloud and managed services 4,074   51,994 20,231  
Other 410   5,998 2,715  
Total revenues 40,462   311,083 217,789  
Operating Expenses:          
Property operating costs 13,482   104,355 71,518  
Real estate taxes and insurance 1,016   5,869 5,116  
Depreciation and amortization 11,238   85,811 58,282  
General and administrative 8,457   67,783 45,283  
Restructuring       1,298  
Transaction and integration costs 66   11,282 1,018  
Total operating expenses 34,259   275,100 182,515  
Operating income 6,203   35,983 35,274  
Other income and expenses:          
Interest income 1   2 8  
Interest expense (2,049)   (21,289) (15,308)  
Other (expense) income, net (153)   (468) (871)  
Income (loss) before taxes and loss on sale of real estate 4,002   14,228 19,103  
Tax benefit (expense) of taxable REIT subsidiaries     10,065    
Loss on sale of real estate     (164)    
Net income 4,002 $ (152) 24,129 19,103  
Net income attributable to noncontrolling interests (848)   (3,803) (4,031)  
Net income attributable to Parent 3,154   20,326 15,072  
Unrealized gain on swap 74        
Comprehensive income $ 3,228   $ 20,326 $ 15,072  
Net income per share attributable to common shares:          
Net income per share attributable to common stockholders - basic $ 0.11   $ 0.54 $ 0.52  
Net income per share attributable to common stockholders - diluted $ 0.11   $ 0.53 $ 0.51  
Weighted average common shares outstanding:          
Basic 28,972,774   37,568,109 29,054,576  
Diluted 36,794,215   45,353,170 37,133,584  
Historical Predecessor [Member]          
Revenues:          
Rental   112,002      
Recoveries from customers   10,424      
Cloud and managed services   13,457      
Other   1,542      
Total revenues   137,425      
Operating Expenses:          
Property operating costs   47,268      
Real estate taxes and insurance   3,476      
Depreciation and amortization   36,120      
General and administrative   30,726      
Transaction and integration costs   52      
Total operating expenses   117,642      
Operating income   19,783      
Other income and expenses:          
Interest income   17      
Interest expense   (16,675)      
Other (expense) income, net   (3,277)      
Income (loss) before taxes and loss on sale of real estate   (152)      
Net income   (152)      
Net income attributable to Parent   (152)      
Unrealized gain on swap   220      
Comprehensive income   $ 68      
Qualitytech, LP [Member]          
Revenues:          
Rental     $ 230,510 $ 175,649 $ 145,306
Recoveries from customers     22,581 19,194 13,098
Cloud and managed services     51,994 20,231 17,531
Other     5,998 2,715 1,952
Total revenues     311,083 217,789 177,887
Operating Expenses:          
Property operating costs     104,355 71,518 60,750
Real estate taxes and insurance     5,869 5,116 4,492
Depreciation and amortization     85,811 58,282 47,358
General and administrative     67,783 45,283 39,183
Restructuring       1,298  
Transaction and integration costs     11,282 1,018 118
Total operating expenses     275,100 182,515 151,901
Operating income     35,983 35,274 25,986
Other income and expenses:          
Interest income     2 8 18
Interest expense     (21,289) (15,308) (18,724)
Other (expense) income, net     (468) (871) (3,430)
Income (loss) before taxes and loss on sale of real estate     14,228 19,103 3,850
Tax benefit (expense) of taxable REIT subsidiaries     10,065    
Loss on sale of real estate     (164)    
Net income     24,129 19,103 3,850
Unrealized gain on swap         294
Comprehensive income     $ 24,129 $ 19,103 $ 4,144