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INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF EQUITY - 9 months ended Sep. 30, 2018 - USD ($)
shares in Thousands, $ 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 September 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 September 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, issued and outstanding as of September 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, issued and outstanding as of September 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, 57,800,709 and 57,245,524 units issued and outstanding as of September 30, 2018 and December 31, 2017, respectively
Qualitytech, LP
General Partner
Common units: $0.01 par value, 450,133,000 units authorized, 57,800,709 and 57,245,524 units issued and outstanding as of September 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
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            
Beginning balance, shares at Dec. 31, 2017             57,246                                    
Beginning balance, shares at Dec. 31, 2017           1                                      
Net share activity through equity award plan             $ (1,134)                   (1,134)   $ 4 (2,153)     (2,149) 1,015 (1,134)
Net share activity through equity award plan, shares             555                       422            
Increase (decrease) in fair value of interest rate swaps                               9,974 9,974       8,820   8,820 1,154 9,974
Equity-based compensation expense             $ 14,569                   14,569     12,891     12,891 1,678 14,569
Net proceeds from stock offering   $ 103,212 $ 103,212 $ 304,265 $ 304,265     $ 103,212   $ 103,212 $ 103,212 $ 304,265   $ 304,265 $ 304,265                    
Net proceeds from stock offering (in shares)   4,280   3,163       4,280       3,163                          
Dividends declared on Preferred Stock                 $ (4,140) $ (4,140) $ (4,140)   $ (5,482) $ (5,482) $ (5,482)                   (9,621)
Dividends declared on Preferred Units   $ (4,140) $ (4,140) $ (5,482) $ (5,482)                       (9,621)                
Dividends to stockholders             (62,909)                   (62,909)         (62,909) (62,909)   (62,909)
Distributions to noncontrolling interests                                               (8,207) (8,207)
Partnership distributions             (8,207)                   (8,207)                
Net loss             (13,577)                   (13,577)         (10,936) (10,936) (2,641) (13,577)
Ending balance at Sep. 30, 2018                               $ 11,423   $ 407,477 $ 511 $ 1,059,914 $ 10,103 $ (257,019) $ 1,220,986 $ 106,241 $ 1,327,227
Ending balance at Sep. 30, 2018 $ 407,477           $ 908,327                                    
Partners' Capital, Ending Balance at Sep. 30, 2018                                 $ 1,327,227                
Ending balance, shares at Sep. 30, 2018                                   7,443 51,124            
Ending balance, shares at Sep. 30, 2018 7,443           57,801                                    
Ending balance, shares at Sep. 30, 2018           1