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INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF EQUITY - USD ($)
$ in Thousands
Preferred Units
Qualitytech, LP
Limited Partner
7.125% Series A cumulative redeemable perpetual preferred stock: $0.01 par value (liquidation preference $25.00 per share), 4,600,000 shares authorized, 4,280,000 shares issued and outstanding as of June 30, 2018; zero shares authorized, issued and outstanding as of December 31, 2017
Qualitytech, LP
Limited Partner
7.125% Series A cumulative redeemable perpetual preferred stock: $0.01 par value (liquidation preference $25.00 per share), 4,600,000 shares authorized, 4,280,000 shares issued and outstanding as of June 30, 2018; zero shares authorized, issued and outstanding as of December 31, 2017
Qualitytech, LP
6.50% Series B cumulative convertible perpetual preferred units: $0.01 par value (liquidation preference $100.00 per share), 3,162,500 units authorized, 3,162,500 units issued and outstanding as of June 30, 2018; zero units authorized, issued and outstanding as of December 31, 2017
Qualitytech, LP
Limited Partner
6.50% Series B cumulative convertible perpetual preferred units: $0.01 par value (liquidation preference $100.00 per share), 3,162,500 units authorized, 3,162,500 units issued and outstanding as of June 30, 2018; zero units authorized, issued and outstanding as of December 31, 2017
Qualitytech, LP
Common units: $0.01 par value, 450,133,000 units authorized, 51,135,691 and 57,245,524 units issued and outstanding as of June 30, 2018 and December 31, 2017, respectively
Qualitytech, LP
General Partner
Common units: $0.01 par value, 450,133,000 units authorized, 51,135,691 and 57,245,524 units issued and outstanding as of June 30, 2018 and December 31, 2017, respectively
Qualitytech, LP
Limited Partner
Series A Preferred Stock
Preferred stock
Series A Preferred Stock
Accumulated dividends in excess of earnings
Series A Preferred Stock
Total stockholders' Equity
Series A Preferred Stock
Series B Preferred Stock
Preferred stock
Series B Preferred Stock
Accumulated dividends in excess of earnings
Series B Preferred Stock
Total stockholders' Equity
Series B Preferred Stock
Qualitytech, LP
Accumulated other comprehensive income
Qualitytech, LP
Preferred stock
Common stock
Additional paid-in capital
Accumulated other comprehensive income
Accumulated dividends in excess of earnings
Total stockholders' Equity
Noncontrolling interests
Total
Preferred Stock, Shares Issued     0   0           0       0                    
Beginning balance at Dec. 31, 2017                               $ 1,449     $ 507 $ 1,049,176 $ 1,283 $ (173,552) $ 877,414 $ 113,242 $ 990,656
Beginning balance at Dec. 31, 2017             $ 989,207                                    
Partners' Capital, Beginning Balance at Dec. 31, 2017                                 $ 990,656                
Beginning balance, shares at Dec. 31, 2017                                     50,702,000            
Beginning balance, shares at Dec. 31, 2017             57,246,000                                    
Beginning balance, shares at Dec. 31, 2017           1,000                                      
Net share activity through equity award plan             $ (862)                   (862)   $ 4 (1,897)     (1,893) 1,031 (862)
Net share activity through equity award plan, shares             572,000                       439,000            
Increase (decrease) in fair value of interest rate swaps                               8,545 8,545       7,557   7,557 988 8,545
Equity-based compensation expense             $ 10,608                   10,608     9,388     9,388 1,220 10,608
Net proceeds from Series Preferred Stock offering   $ 103,212 $ 103,212 $ 304,426 $ 304,426     $ 103,212   $ 103,212 $ 103,212 $ 304,426   $ 304,426 $ 304,426                    
Net proceeds from Series Preferred Stock offering (in shares)   4,280,000   3,163,000       4,280,000       3,163,000                          
Dividends declared on Preferred Stock                 $ (2,233) $ (2,233) (2,233)   $ (343) $ (343) (343)                   (2,576)
Dividends declared on Preferred Units   $ (2,233) (2,233) $ (343) (343)                       (2,576)                
Dividends to stockholders             (41,942)                   (41,942)         (41,942) (41,942)   (41,942)
Distributions to noncontrolling interests                                               (5,472) (5,472)
Partnership distributions             (5,472)                   (5,472)                
Net loss             (6,685)                   (6,685)         (5,654) (5,654) (1,031) (6,685)
Ending balance at Jun. 30, 2018                               $ 9,994   $ 407,638 $ 511 $ 1,056,667 $ 8,840 $ (223,724) $ 1,249,932 $ 109,978 $ 1,359,910
Ending balance at Jun. 30, 2018 $ 407,638           $ 942,278                                    
Partners' Capital, Ending Balance at Jun. 30, 2018                                 $ 1,359,910                
Ending balance, shares at Jun. 30, 2018                                   7,443,000 51,141,000            
Ending balance, shares at Jun. 30, 2018 7,443,000           57,818,000                                    
Ending balance, shares at Jun. 30, 2018           1,000                                      
Preferred Stock, Value, Issued     $ 103,212   $ 304,426           $ 103,212       $ 304,426                    
Preferred Stock, Shares Issued     4,280,000   3,162,500           4,280,000       3,162,500