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INTERIM CONSOLIDATED FINANCIAL STATEMENTS STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Rental $ 85,831 $ 77,005 $ 245,741 $ 217,101
Recoveries from customers 9,698 8,703 26,833 20,306
Cloud and managed services 16,224 16,243 50,045 52,148
Other 2,014 1,514 4,980 7,365
Total revenues 113,767 103,465 327,599 296,920
Operating Expenses:        
Property operating costs 39,743 36,288 112,010 100,715
Real estate taxes and insurance 3,116 2,566 9,209 6,326
Depreciation and amortization 35,309 32,699 103,784 91,693
General and administrative 21,652 19,942 66,411 61,836
Transaction, integration and other costs 1,114 3,465 1,611 9,385
Total operating expenses 100,934 94,960 293,025 269,955
Operating income 12,833 8,505 34,574 26,965
Other income and expenses:        
Interest income 65 1 66 3
Interest expense (7,958) (6,179) (22,474) (17,034)
Other income/(expense), net   1   1
Income before taxes 4,940 2,328 12,166 9,935
Tax benefit of taxable REIT subsidiaries 2,454 4,210 5,404 9,269
Net income 7,394 6,538 17,570 19,204
Net income attributable to noncontrolling interests (887) (808) (2,146) (2,485)
Net income attributable to QTS Realty Trust, Inc. $ 6,507 $ 5,730 $ 15,424 $ 16,719
Net income per share attributable to common shares:        
Basic $ 0.13 $ 0.12 $ 0.31 $ 0.37
Diluted $ 0.13 $ 0.12 $ 0.31 $ 0.36
Qualitytech, LP        
Revenues:        
Rental $ 85,831 $ 77,005 $ 245,741 $ 217,101
Recoveries from customers 9,698 8,703 26,833 20,306
Cloud and managed services 16,224 16,243 50,045 52,148
Other 2,014 1,514 4,980 7,365
Total revenues 113,767 103,465 327,599 296,920
Operating Expenses:        
Property operating costs 39,743 36,288 112,010 100,715
Real estate taxes and insurance 3,116 2,566 9,209 6,326
Depreciation and amortization 35,309 32,699 103,784 91,693
General and administrative 21,652 19,942 66,411 61,836
Transaction, integration and other costs 1,114 3,465 1,611 9,385
Total operating expenses 100,934 94,960 293,025 269,955
Operating income 12,833 8,505 34,574 26,965
Other income and expenses:        
Interest income 65 1 66 3
Interest expense (7,958) (6,179) (22,474) (17,034)
Other income/(expense), net   1   1
Income before taxes 4,940 2,328 12,166 9,935
Tax benefit of taxable REIT subsidiaries 2,454 4,210 5,404 9,269
Net income $ 7,394 $ 6,538 $ 17,570 $ 19,204