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CONDENSED CONSOLIDATED FINANCIAL STATEMENTS STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Rental $ 295,723 $ 230,510 $ 175,649
Recoveries from customers 29,271 22,581 19,194
Cloud and managed services 68,488 51,994 20,231
Other 8,881 5,998 2,715
Total revenues 402,363 311,083 217,789
Operating Expenses:      
Property operating costs 136,488 104,355 71,518
Real estate taxes and insurance 8,840 5,869 5,116
Depreciation and amortization 124,786 85,811 58,282
General and administrative 83,286 67,783 45,283
Restructuring     1,298
Transaction and integration costs 10,906 11,282 1,018
Total operating expenses 364,306 275,100 182,515
Operating income 38,057 35,983 35,274
Other income and expenses:      
Interest income 3 2 8
Interest expense (23,159) (21,289) (15,308)
Other income/(expense), net (192) (468) (871)
Income before taxes and loss on sale of real estate 14,709 14,228 19,103
Tax benefit of taxable REIT subsidiaries 9,976 10,065  
Loss on sale of real estate   (164)  
Net income 24,685 24,129 19,103
Net income attributable to noncontrolling interests (3,160) (3,803) (4,031)
Net income attributable to QTS Realty Trust, Inc. $ 21,525 $ 20,326 $ 15,072
Net income per share attributable to common shares:      
Basic (in dollars per share) $ 0.47 $ 0.54 $ 0.52
Diluted (in dollars per share) $ 0.46 $ 0.53 $ 0.51
Weighted average common shares outstanding:      
Basic (in shares) 46,205,937 37,568,109 29,054,576
Diluted (in shares) 53,962,234 45,353,170 37,133,584
Qualitytech, LP [Member]      
Revenues:      
Rental $ 295,723 $ 230,510 $ 175,649
Recoveries from customers 29,271 22,581 19,194
Cloud and managed services 68,488 51,994 20,231
Other 8,881 5,998 2,715
Total revenues 402,363 311,083 217,789
Operating Expenses:      
Property operating costs 136,488 104,355 71,518
Real estate taxes and insurance 8,840 5,869 5,116
Depreciation and amortization 124,786 85,811 58,282
General and administrative 83,286 67,783 45,283
Restructuring     1,298
Transaction and integration costs 10,906 11,282 1,018
Total operating expenses 364,306 275,100 182,515
Operating income 38,057 35,983 35,274
Other income and expenses:      
Interest income 3 2 8
Interest expense (23,159) (21,289) (15,308)
Other income/(expense), net (192) (468) (871)
Income before taxes and loss on sale of real estate 14,709 14,228 19,103
Tax benefit of taxable REIT subsidiaries 9,976 10,065  
Loss on sale of real estate   (164)  
Net income $ 24,685 $ 24,129 $ 19,103