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INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Rental $ 150,807 $ 125,996 $ 295,115 $ 246,077
Other 4,413 5,644 8,837 11,855
Total revenues 155,220 131,640 303,952 257,932
Operating expenses:        
Property operating costs 45,704 40,349 91,988 81,130
Real estate taxes and insurance 5,788 4,106 10,810 8,017
Depreciation and amortization 58,255 47,554 113,761 92,624
General and administrative 24,476 21,391 48,117 42,074
Transaction and integration costs 8,391 381 9,907 597
Total operating expenses 142,614 113,781 274,583 224,442
Operating income 12,606 17,859 29,369 33,490
Other income and expense:        
Interest income 1 2 1 2
Interest expense (7,452) (6,924) (15,600) (14,086)
Other income 0 0 0 159
Equity in net loss of unconsolidated entity (705) (590) (1,264) (1,267)
Income before taxes 4,450 10,347 12,506 18,298
Tax benefit (expense) (251) (138) (389) 31
Net income 4,199 10,209 12,117 18,329
Net (income) loss attributable to noncontrolling interests 251 (317) 172 (427)
Net income attributable to QTS Realty Trust, Inc. 4,450 9,892 12,289 17,902
Preferred stock dividends (7,045) (7,045) (14,090) (14,090)
Net income (loss) attributable to common stockholders (2,595) 2,847 (1,801) 3,812
Net income (loss) attributable to common stockholders $ (2,595) $ 2,847 $ (1,801) $ 3,812
Net loss per share attributable to common shares        
Basic (in dollars per share) $ (0.08) $ (0.05) $ (0.15) $ (0.06)
Diluted (in dollars per share) $ (0.08) $ (0.05) $ (0.15) $ (0.06)