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INTERIM CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Real Estate Assets    
Land $ 164,816 $ 130,605
Buildings, improvements and equipment 2,681,827 2,178,901
Less: Accumulated depreciation (662,454) (558,560)
Total real estate assets 2,184,189 1,750,946
Construction in progress 957,592 920,922
Real Estate Assets, net 3,141,781 2,671,868
Investments in unconsolidated entity 22,883 30,218
Operating lease right-of-use assets, net 52,816 57,141
Cash and cash equivalents 21,998 15,653
Rents and other receivables, net 87,479 81,181
Acquired intangibles, net 71,367 81,679
Deferred costs, net 57,058 52,363
Prepaid expenses 11,281 10,586
Goodwill 173,843 173,843
Other assets, net 49,046 49,001
TOTAL ASSETS 3,689,552 3,223,533
LIABILITIES    
Unsecured credit facility, net 1,217,356 1,010,640
Senior notes, net of debt issuance costs 396,121 395,549
Finance leases and mortgage notes payable 44,911 46,876
Operating lease liabilities 59,642 64,416
Accounts payable and accrued liabilities 173,793 142,547
Dividends and distributions payable 37,969 34,500
Advance rents, security deposits and other liabilities 21,833 18,027
Derivative liabilities 60,032 26,609
Deferred income taxes 637 749
Deferred income 55,422 39,169
TOTAL LIABILITIES 2,067,716 1,779,082
EQUITY    
Common stock/units 644 582
Additional paid-in capital 1,614,508 1,330,444
Accumulated other comprehensive income (loss) (56,480) (24,642)
Accumulated dividends in excess of earnings (457,993) (376,002)
Total stockholders’ equity 1,508,114 1,337,817
Noncontrolling interests 113,722 106,634
TOTAL EQUITY 1,621,836 1,444,451
TOTAL LIABILITIES AND EQUITY 3,689,552 3,223,533
QualityTech, LP    
Real Estate Assets    
Land 164,816 130,605
Buildings, improvements and equipment 2,681,827 2,178,901
Less: Accumulated depreciation (662,454) (558,560)
Total real estate assets 2,184,189 1,750,946
Construction in progress 957,592 920,922
Real Estate Assets, net 3,141,781 2,671,868
Investments in unconsolidated entity 22,883 30,218
Operating lease right-of-use assets, net 52,816 57,141
Cash and cash equivalents 21,998 15,653
Rents and other receivables, net 87,479 81,181
Acquired intangibles, net 71,367 81,679
Deferred costs, net 57,058 52,363
Prepaid expenses 11,281 10,586
Goodwill 173,843 173,843
Other assets, net 49,046 49,001
TOTAL ASSETS 3,689,552 3,223,533
LIABILITIES    
Unsecured credit facility, net 1,217,356 1,010,640
Senior notes, net of debt issuance costs 396,121 395,549
Finance leases and mortgage notes payable 44,911 46,876
Operating lease liabilities 59,642 64,416
Accounts payable and accrued liabilities 173,793 142,547
Dividends and distributions payable 37,969 34,500
Advance rents, security deposits and other liabilities 21,833 18,027
Derivative liabilities 60,032 26,609
Deferred income taxes 637 749
Deferred income 55,422 39,169
TOTAL LIABILITIES 2,067,716 1,779,082
EQUITY    
Accumulated other comprehensive income (loss) (62,314) (27,465)
TOTAL EQUITY 1,621,836 1,444,451
TOTAL PARTNERS' CAPITAL 1,621,836 1,444,451
TOTAL LIABILITIES AND EQUITY 3,689,552 3,223,533
QualityTech, LP | Series A Redeemable Perpetual Preferred Units    
EQUITY    
Cumulative redeemable perpetual preferred stock / units 103,212 103,212
QualityTech, LP | Series B Redeemable Perpetual Preferred Units    
EQUITY    
Cumulative redeemable perpetual preferred stock / units 304,223 304,223
QualityTech, LP | Common units    
EQUITY    
Common stock/units 1,276,715 1,064,481
Series A Redeemable Perpetual Preferred Stock    
EQUITY    
Cumulative redeemable perpetual preferred stock / units 103,212 103,212
Series B Convertible Perpetual Preferred Stock    
EQUITY    
Cumulative redeemable perpetual preferred stock / units $ 304,223 $ 304,223