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CONSOLIDATED FINANCIAL STATEMENTS STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Rental $ 335,819 $ 295,723 $ 230,510
Recoveries from customers 37,886 29,271 22,581
Cloud and managed services 65,466 68,488 51,994
Other 7,339 8,881 5,998
Total revenues 446,510 402,363 311,083
Operating Expenses:      
Property operating costs 153,209 136,488 104,355
Real estate taxes and insurance 11,959 8,840 5,869
Depreciation and amortization 140,924 124,786 85,811
General and administrative 87,231 83,286 67,783
Transaction, integration and impairment costs 11,060 10,906 11,282
Total operating expenses 404,383 364,306 275,100
Operating income 42,127 38,057 35,983
Other income and expenses:      
Interest income 67 3 2
Interest expense (30,523) (23,159) (21,289)
Debt restructuring costs (19,992) (192) (468)
Income (loss) before taxes and loss on sale of real estate (8,321) 14,709 14,228
Tax benefit of taxable REIT subsidiaries 9,778 9,976 10,065
Loss on sale of real estate     (164)
Net income 1,457 24,685 24,129
Net income attributable to noncontrolling interests (175) (3,160) (3,803)
Net income attributable to QTS Realty Trust, Inc. $ 1,282 $ 21,525 $ 20,326
Net income per share attributable to common shares:      
Basic (in dollars per share) $ 0.01 $ 0.47 $ 0.54
Diluted (in dollars per share) $ 0.01 $ 0.46 $ 0.53
Weighted average common shares outstanding:      
Basic (in shares) 48,380,964 46,205,937 37,568,109
Diluted (in shares) 55,855,683 53,962,234 45,353,170
Qualitytech, LP      
Revenues:      
Rental $ 335,819 $ 295,723 $ 230,510
Recoveries from customers 37,886 29,271 22,581
Cloud and managed services 65,466 68,488 51,994
Other 7,339 8,881 5,998
Total revenues 446,510 402,363 311,083
Operating Expenses:      
Property operating costs 153,209 136,488 104,355
Real estate taxes and insurance 11,959 8,840 5,869
Depreciation and amortization 140,924 124,786 85,811
General and administrative 87,231 83,286 67,783
Transaction, integration and impairment costs 11,060 10,906 11,282
Total operating expenses 404,383 364,306 275,100
Operating income 42,127 38,057 35,983
Other income and expenses:      
Interest income 67 3 2
Interest expense (30,523) (23,159) (21,289)
Debt restructuring costs (19,992) (192) (468)
Income (loss) before taxes and loss on sale of real estate (8,321) 14,709 14,228
Tax benefit of taxable REIT subsidiaries 9,778 9,976 10,065
Loss on sale of real estate     (164)
Net income $ 1,457 $ 24,685 $ 24,129