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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Rental $ 120,081 $ 109,389
Other 6,211 3,300
Total revenues 126,292 112,689
Operating expenses:    
Property operating costs 40,781 34,103
Real estate taxes and insurance 3,911 3,367
Depreciation and amortization 45,070 38,788
General and administrative 20,683 19,891
Transaction and integration costs 216 1,214
Total operating expenses 110,661 97,363
Gain on sale of real estate, net   13,408
Operating income 15,631 28,734
Other income and expense:    
Interest income   45
Interest expense (7,162) (7,146)
Other income 159  
Equity in net loss of unconsolidated entity (677) (274)
Income before taxes 7,951 21,359
Tax benefit (expense) of taxable REIT subsidiaries 169 (211)
Net income 8,120 21,148
Net income attributable to noncontrolling interests (110) (1,590)
Net income attributable to QTS Realty Trust, Inc. 8,010 19,558
Preferred stock dividends (7,045) (7,045)
Net income attributable to common stockholders $ 965 $ 12,513
Net income (loss) per share attributable to common shares:    
Basic (in dollars per share) $ (0.01) $ 0.20
Diluted (in dollars per share) $ (0.01) $ 0.20
Qualitytech, LP    
Revenues:    
Rental $ 120,081 $ 109,389
Other 6,211 3,300
Total revenues 126,292 112,689
Operating expenses:    
Property operating costs 40,781 34,103
Real estate taxes and insurance 3,911 3,367
Depreciation and amortization 45,070 38,788
General and administrative 20,683 19,891
Transaction and integration costs 216 1,214
Total operating expenses 110,661 97,363
Gain on sale of real estate, net   13,408
Operating income 15,631 28,734
Other income and expense:    
Interest income   45
Interest expense (7,162) (7,146)
Other income 159  
Equity in net loss of unconsolidated entity (677) (274)
Income before taxes 7,951 21,359
Tax benefit (expense) of taxable REIT subsidiaries 169 (211)
Net income 8,120 21,148
Preferred stock dividends (7,045) (7,045)
Net income attributable to common stockholders $ 1,075 $ 14,103