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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental $ 125,996 $ 114,977 $ 246,077 $ 224,366
Other 5,644 4,190 11,855 7,490
Total revenues 131,640 119,167 257,932 231,856
Operating expenses:        
Property operating costs 40,349 38,570 81,130 72,673
Real estate taxes and insurance 4,106 3,355 8,017 6,722
Depreciation and amortization 47,554 41,481 92,624 80,269
General and administrative 21,391 20,124 42,074 40,015
Transaction and integration costs 381 1,039 597 2,253
Total operating expenses 113,781 104,569 224,442 201,932
Gain on sale of real estate, net       13,408
Operating income 17,859 14,598 33,490 43,332
Other income and expense:        
Interest income 2 36 2 81
Interest expense (6,924) (6,459) (14,086) (13,605)
Other income (expense)   (40) 159 (40)
Equity in net loss of unconsolidated entity (590) (401) (1,267) (675)
Income before taxes 10,347 7,734 18,298 29,093
Tax benefit (expense) of taxable REIT subsidiaries (138) (199) 31 (410)
Net income 10,209 7,535 18,329 28,683
Net income attributable to noncontrolling interests (317) (52) (427) (1,642)
Net income attributable to QTS Realty Trust, Inc. 9,892 7,483 17,902 27,041
Preferred stock dividends (7,045) (7,045) (14,090) (14,090)
Net income attributable to common stockholders $ 2,847 $ 438 $ 3,812 $ 12,951
Net income (loss) per share attributable to common shares:        
Basic (in dollars per share) $ (0.05) $ (0.03) $ (0.06) $ 0.17
Diluted (in dollars per share) $ (0.05) $ (0.03) $ (0.06) $ 0.17
Qualitytech, LP        
Revenues:        
Rental $ 125,996 $ 114,977 $ 246,077 $ 224,366
Other 5,644 4,190 11,855 7,490
Total revenues 131,640 119,167 257,932 231,856
Operating expenses:        
Property operating costs 40,349 38,570 81,130 72,673
Real estate taxes and insurance 4,106 3,355 8,017 6,722
Depreciation and amortization 47,554 41,481 92,624 80,269
General and administrative 21,391 20,124 42,074 40,015
Transaction and integration costs 381 1,039 597 2,253
Total operating expenses 113,781 104,569 224,442 201,932
Gain on sale of real estate, net       13,408
Operating income 17,859 14,598 33,490 43,332
Other income and expense:        
Interest income 2 36 2 81
Interest expense (6,924) (6,459) (14,086) (13,605)
Other income (expense)   (40) 159 (40)
Equity in net loss of unconsolidated entity (590) (401) (1,267) (675)
Income before taxes 10,347 7,734 18,298 29,093
Tax benefit (expense) of taxable REIT subsidiaries (138) (199) 31 (410)
Net income 10,209 7,535 18,329 28,683
Preferred stock dividends (7,045) (7,045) (14,090) (14,090)
Net income attributable to common stockholders $ 3,164 $ 490 $ 4,239 $ 14,593