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INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental $ 133,782 $ 121,475 $ 379,860 $ 345,841
Other 3,756 3,780 15,611 11,270
Total revenues 137,538 125,255 395,471 357,111
Operating expenses:        
Property operating costs 43,979 44,730 125,109 117,403
Real estate taxes and insurance 4,005 3,713 12,023 10,435
Depreciation and amortization 51,378 42,875 144,002 123,144
General and administrative 22,082 19,504 64,156 59,519
Transaction, integration, and impairment costs 1,078 827 1,675 3,080
Total operating expenses 122,522 111,649 346,965 313,581
Gain on sale of real estate, net 0 0 0 13,408
Operating income 15,016 13,606 48,506 56,938
Other income and expense:        
Interest income 0 22 2 103
Interest expense (7,516) (6,724) (21,602) (20,329)
Other income 0 370 159 330
Equity in net loss of unconsolidated entity (366) (317) (1,633) (992)
Income before taxes 7,134 6,957 25,432 36,050
Tax expense (227) (369) (196) (779)
Net income 6,907 6,588 25,236 35,271
Net (income) loss attributable to noncontrolling interests 18 49 (408) (1,593)
Net income attributable to QTS Realty Trust, Inc. 6,925 6,637 24,828 33,678
Preferred stock dividends (7,045) (7,045) (21,135) (21,135)
Net income (loss) attributable to common stockholders $ (120) $ (408) $ 3,693 $ 12,543
Net income (loss) per share attributable to common shares:        
Basic (in dollars per share) $ (0.07) $ (0.05) $ (0.13) $ 0.12
Diluted (in dollars per share) $ (0.07) $ (0.05) $ (0.13) $ 0.12
QualityTech, LP        
Revenues:        
Rental $ 133,782 $ 121,475 $ 379,860 $ 345,841
Other 3,756 3,780 15,611 11,270
Total revenues 137,538 125,255 395,471 357,111
Operating expenses:        
Property operating costs 43,979 44,730 125,109 117,403
Real estate taxes and insurance 4,005 3,713 12,023 10,435
Depreciation and amortization 51,378 42,875 144,002 123,144
General and administrative 22,082 19,504 64,156 59,519
Transaction, integration, and impairment costs 1,078 827 1,675 3,080
Total operating expenses 122,522 111,649 346,965 313,581
Gain on sale of real estate, net 0 0 0 13,408
Operating income 15,016 13,606 48,506 56,938
Other income and expense:        
Interest income 0 22 2 103
Interest expense (7,516) (6,724) (21,602) (20,329)
Other income 0 370 159 330
Equity in net loss of unconsolidated entity (366) (317) (1,633) (992)
Income before taxes 7,134 6,957 25,432 36,050
Tax expense (227) (369) (196) (779)
Net income 6,907 6,588 25,236 35,271
Preferred stock dividends (7,045) (7,045) (21,135) (21,135)
Net income (loss) attributable to common stockholders $ (138) $ (457) $ 4,101 $ 14,136