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INTERIM CONSOLIDATED FINANCIAL STATEMENTS STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Rental $ 79,117 $ 68,426
Recoveries from customers 8,361 5,435
Cloud and managed services 16,965 18,890
Other 1,521 2,017
Total revenues 105,964 94,768
Operating Expenses:    
Property operating costs 35,421 31,781
Real estate taxes and insurance 3,147 1,740
Depreciation and amortization 33,948 28,639
General and administrative 22,197 20,286
Transaction and integration costs 336 2,087
Total operating expenses 95,049 84,533
Operating income 10,915 10,235
Other income and expenses:    
Interest income 1  
Interest expense (6,869) (5,981)
Income before taxes 4,047 4,254
Tax benefit of taxable REIT subsidiaries 1,521 2,605
Net income 5,568 6,859
Net income attributable to noncontrolling interests (691) (970)
Net income attributable to QTS Realty Trust, Inc. $ 4,877 $ 5,889
Net income per share attributable to common shares:    
Basic (in dollars per share) $ 0.10 $ 0.14
Diluted (in dollars per share) $ 0.10 $ 0.14
Weighted average common shares outstanding:    
Basic (in shares) 47,908,709 41,292,445
Diluted (in shares) 55,620,260 48,973,851
Qualitytech, LP [Member]    
Revenues:    
Rental $ 79,117 $ 68,426
Recoveries from customers 8,361 5,435
Cloud and managed services 16,965 18,890
Other 1,521 2,017
Total revenues 105,964 94,768
Operating Expenses:    
Property operating costs 35,421 31,781
Real estate taxes and insurance 3,147 1,740
Depreciation and amortization 33,948 28,639
General and administrative 22,197 20,286
Transaction and integration costs 336 2,087
Total operating expenses 95,049 84,533
Operating income 10,915 10,235
Other income and expenses:    
Interest income 1  
Interest expense (6,869) (5,981)
Income before taxes 4,047 4,254
Tax benefit of taxable REIT subsidiaries 1,521 2,605
Net income $ 5,568 $ 6,859