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INTERIM CONSOLIDATED FINANCIAL STATEMENTS STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Rental $ 80,793 $ 71,670 $ 159,910 $ 140,096
Recoveries from customers 8,774 6,168 17,135 11,603
Cloud and managed services 16,856 17,015 33,821 35,905
Other 1,445 3,834 2,966 5,851
Total revenues 107,868 98,687 213,832 193,455
Operating Expenses:        
Property operating costs 36,846 32,646 72,267 64,427
Real estate taxes and insurance 2,946 2,020 6,093 3,760
Depreciation and amortization 34,527 30,355 68,475 58,994
General and administrative 22,562 21,608 44,759 41,894
Transaction and integration costs 161 3,833 497 5,920
Total operating expenses 97,042 90,462 192,091 174,995
Operating income 10,826 8,225 21,741 18,460
Other income and expenses:        
Interest income   2 1 2
Interest expense (7,647) (4,874) (14,516) (10,855)
Income before taxes 3,179 3,353 7,226 7,607
Tax benefit of taxable REIT subsidiaries 1,429 2,454 2,950 5,059
Net income 4,608 5,807 10,176 12,666
Net income attributable to noncontrolling interests (568) (707) (1,259) (1,677)
Net income attributable to QTS Realty Trust, Inc. $ 4,040 $ 5,100 $ 8,917 $ 10,989
Net income per share attributable to common shares:        
Net income $ 0.08 $ 0.11 $ 0.18 $ 0.25
Net income $ 0.08 $ 0.10 $ 0.17 $ 0.24
Weighted average common shares outstanding:        
Basic (in shares) 47,666,086 47,783,093 47,561,507 44,537,769
Diluted (in shares) 55,458,429 55,574,545 55,336,062 52,274,198
Qualitytech, LP [Member]        
Revenues:        
Rental $ 80,793 $ 71,670 $ 159,910 $ 140,096
Recoveries from customers 8,774 6,168 17,135 11,603
Cloud and managed services 16,856 17,015 33,821 35,905
Other 1,445 3,834 2,966 5,851
Total revenues 107,868 98,687 213,832 193,455
Operating Expenses:        
Property operating costs 36,846 32,646 72,267 64,427
Real estate taxes and insurance 2,946 2,020 6,093 3,760
Depreciation and amortization 34,527 30,355 68,475 58,994
General and administrative 22,562 21,608 44,759 41,894
Transaction and integration costs 161 3,833 497 5,920
Total operating expenses 97,042 90,462 192,091 174,995
Operating income 10,826 8,225 21,741 18,460
Other income and expenses:        
Interest income   2 1 2
Interest expense (7,647) (4,874) (14,516) (10,855)
Income before taxes 3,179 3,353 7,226 7,607
Tax benefit of taxable REIT subsidiaries 1,429 2,454 2,950 5,059
Net income $ 4,608 $ 5,807 $ 10,176 $ 12,666