XML 21 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Rental $ 519,858 $ 465,123 $ 413,620
Other 19,510 15,695 36,904
Total revenues 539,368 480,818 450,524
Operating expenses:      
Property operating costs 168,497 156,048 148,236
Real estate taxes and insurance 16,020 14,503 12,193
Depreciation and amortization 199,889 168,305 149,891
General and administrative 84,965 80,385 80,857
Transaction, integration, and impairment costs 4,340 15,190 2,743
Restructuring 0 0 37,943
Total operating expenses 473,711 434,431 431,863
(Gain) loss on sale of real estate, net 0 14,769 0
Operating income 65,657 61,156 18,661
Other income and expense:      
Interest income 2 111 150
Interest expense (30,724) (26,593) (28,749)
Debt restructuring costs (18,036) (1,523) (605)
Other income (expense) 159 (50) 0
Equity in net loss of unconsolidated entity (2,044) (1,473) 0
Income (loss) before taxes 15,014 31,628 (10,543)
Tax benefit (expense) (438) 37 3,368
Net income (loss) 14,576 31,665 (7,175)
Net (income) loss attributable to noncontrolling interests 1,330 (374) 2,715
Net income (loss) attributable to QTS Realty Trust, Inc. 15,906 31,291 (4,460)
Preferred stock dividends (28,180) (28,180) (16,666)
Net income (loss) attributable to common stockholders $ (12,274) $ 3,111 $ (21,126)
Net loss per share attributable to common shares:      
Basic (in dollars per share) $ (0.47) $ (0.09) $ (0.44)
Diluted (in dollars per share) $ (0.47) $ (0.09) $ (0.44)
Weighted average Class A common shares outstanding:      
Basic (in shares) 60,717,301 54,836,801 50,432,590
Diluted (in shares) 60,717,301 54,836,801 50,432,590