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CONSOLIDATED FINANCIAL STATEMENTS BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Real Estate Assets    
Land $ 88,216 $ 74,130
Buildings and improvements 1,701,287 1,524,767
Less: Accumulated depreciation (394,823) (317,834)
Total real estate assets 1,394,680 1,281,063
Construction in progress 567,819 365,960
Real Estate Assets, net 1,962,499 1,647,023
Cash and cash equivalents 8,243 9,580
Rents and other receivables, net 47,046 41,540
Acquired intangibles, net 109,451 129,754
Deferred costs, net 41,545 38,507
Prepaid expenses 6,163 6,918
Goodwill 173,843 173,843
Other assets, net 66,266 39,305
TOTAL ASSETS 2,415,056 2,086,470
LIABILITIES    
Unsecured credit facility, net 825,186 634,939
Senior notes, net of discount and debt issuance costs 394,178 292,179
Capital lease, lease financing obligations and mortgage notes payable 10,565 38,708
Accounts payable and accrued liabilities 113,430 86,129
Dividends and distributions payable 22,222 19,634
Advance rents, security deposits and other liabilities 28,903 24,893
Deferred income taxes 4,611 15,185
Deferred income 25,305 21,993
TOTAL LIABILITIES 1,424,400 1,133,660
EQUITY    
Common stock, $0.01 par value, 450,133,000 shares authorized, 50,701,795 and 47,831,250 issued and outstanding as of December 31, 2017 and 2016, respectively 507 478
Additional paid-in capital 1,049,176 931,783
Accumulated other comprehensive income 1,283  
Accumulated dividends in excess of earnings (173,552) (97,793)
Total stockholders' equity 877,414 834,468
Noncontrolling interests 113,242 118,342
TOTAL EQUITY 990,656 952,810
TOTAL LIABILITIES AND EQUITY 2,415,056 2,086,470
Qualitytech, LP    
Real Estate Assets    
Land 88,216 74,130
Buildings and improvements 1,701,287 1,524,767
Less: Accumulated depreciation (394,823) (317,834)
Total real estate assets 1,394,680 1,281,063
Construction in progress 567,819 365,960
Real Estate Assets, net 1,962,499 1,647,023
Cash and cash equivalents 8,243 9,580
Rents and other receivables, net 47,046 41,540
Acquired intangibles, net 109,451 129,754
Deferred costs, net 41,545 38,507
Prepaid expenses 6,163 6,918
Goodwill 173,843 173,843
Other assets, net 66,266 39,305
TOTAL ASSETS 2,415,056 2,086,470
LIABILITIES    
Unsecured credit facility, net 825,186 634,939
Senior notes, net of discount and debt issuance costs 394,178 292,179
Capital lease, lease financing obligations and mortgage notes payable 10,565 38,708
Accounts payable and accrued liabilities 113,430 86,129
Dividends and distributions payable 22,222 19,634
Advance rents, security deposits and other liabilities 28,903 24,893
Deferred income taxes 4,611 15,185
Deferred income 25,305 21,993
TOTAL LIABILITIES 1,424,400 1,133,660
EQUITY    
Accumulated other comprehensive income 1,449  
TOTAL PARTNERS' CAPITAL 990,656 952,810
TOTAL LIABILITIES AND EQUITY 2,415,056 2,086,470
Limited Partner | Qualitytech, LP    
EQUITY    
TOTAL PARTNERS' CAPITAL $ 989,207 $ 952,810