| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Revenues: | ||||||
Rental | ||||||
- | - | - | 295,723 | 230,510 | 175,649 | |
Rental | ||||||
465,123 | 413,620 | 379,787 | - | - | - | |
Other | ||||||
15,695 | 36,904 | 66,723 | - | 5,998 | 2,715 | |
Recoveries from customers | ||||||
- | - | - | - | 22,581 | 19,194 | |
Cloud and managed services | ||||||
- | - | - | - | 51,994 | 20,231 | |
Total revenues | ||||||
480,818 | 450,524 | 446,510 | 402,363 | 311,083 | 217,789 | |
Operating expenses: | ||||||
Property operating costs | ||||||
156,048 | 148,236 | 153,209 | 136,488 | 104,355 | 71,518 | |
Real estate taxes and insurance | ||||||
14,503 | 12,193 | 11,959 | 8,840 | 5,869 | 5,116 | |
Depreciation and amortization | ||||||
168,305 | 149,891 | 140,924 | 124,786 | 85,811 | 58,282 | |
General and administrative | ||||||
80,385 | 80,857 | 87,231 | 83,286 | 67,783 | 45,283 | |
Transaction, integration and impairment costs | ||||||
15,190 | 2,743 | 11,060 | 10,906 | 11,282 | 1,018 | |
Restructuring | ||||||
- | 37,943 | - | - | - | 1,298 | |
Total operating expenses | ||||||
434,431 | 431,863 | 404,383 | 364,306 | 275,100 | 182,515 | |
Gain on sale of real estate, net | ||||||
14,769 | - | - | - | - | - | |
Operating income | ||||||
61,156 | 18,661 | 42,127 | 38,057 | 35,983 | 35,274 | |
Other income and expense: | ||||||
Interest income | ||||||
111 | 150 | 67 | 3 | 2 | 8 | |
Interest expense | ||||||
26,593 | 28,749 | 30,523 | 23,159 | 21,289 | 15,308 | |
Debt restructuring costs | ||||||
-1,523 | -605 | -19,992 | -192 | -468 | - | |
Other income | ||||||
-50 | - | - | - | - | -871 | |
Equity in net loss of unconsolidated entity | ||||||
-1,473 | - | - | - | - | - | |
Income before taxes | ||||||
31,628 | -10,543 | -8,321 | 14,709 | 14,228 | 19,103 | |
Tax benefit (expense) of taxable REIT subsidiaries | ||||||
-37 | -3,368 | -9,778 | -9,976 | -10,065 | - | |
Loss on sale of real estate | ||||||
- | - | - | - | -164 | - | |
Net income | ||||||
31,665 | -7,175 | 1,457 | 24,685 | 24,129 | 19,103 | |
Net income attributable to noncontrolling interests | ||||||
374 | -2,715 | 175 | 3,160 | 3,803 | 4,031 | |
Net income attributable to QTS Realty Trust, Inc. | ||||||
31,291 | -4,460 | 1,282 | 21,525 | 20,326 | 15,072 | |
Preferred stock dividends | ||||||
28,180 | 16,666 | - | - | - | - | |
Net income attributable to common stockholders | ||||||
3,111 | -21,126 | 1,282 | 21,525 | - | - | |
Net income (loss) per share attributable to common shares: | ||||||
Basic (in dollars per share) | ||||||
-0.09 | -0.44 | 0.01 | 0.47 | 0.54 | 0.52 | |
Diluted (in dollars per share) | ||||||
-0.09 | -0.44 | 0.01 | 0.46 | 0.53 | 0.51 | |
Weighted average Class A common shares outstanding: | ||||||
Basic (in shares) | ||||||
54,837 | 50,433 | 48,381 | 46,205 | 37,568 | 29,054 | |
Diluted (in shares) | ||||||
54,837 | 50,433 | 55,856 | 53,962 | 45,353 | 37,133 | |
Qualitytech, LP | ||||||
Rental | ||||||
465,123 | 413,620 | 379,787 | 295,723 | - | - | |
Other | ||||||
15,695 | 36,904 | 66,723 | - | - | - | |
Total revenues | ||||||
480,818 | 450,524 | 446,510 | 402,363 | - | - | |
Property operating costs | ||||||
156,048 | 148,236 | 153,209 | 136,488 | - | - | |
Real estate taxes and insurance | ||||||
14,503 | 12,193 | 11,959 | 8,840 | - | - | |
Depreciation and amortization | ||||||
168,305 | 149,891 | 140,924 | 124,786 | - | - | |
General and administrative | ||||||
80,385 | 80,857 | 87,231 | 83,286 | - | - | |
Transaction, integration and impairment costs | ||||||
15,190 | 2,743 | 11,060 | 10,906 | - | - | |
Restructuring | ||||||
- | 37,943 | - | - | - | - | |
Total operating expenses | ||||||
434,431 | 431,863 | 404,383 | 364,306 | - | - | |
Gain on sale of real estate, net | ||||||
14,769 | - | - | - | - | - | |
Operating income | ||||||
61,156 | 18,661 | 42,127 | 38,057 | - | - | |
Interest income | ||||||
111 | 150 | 67 | 3 | - | - | |
Interest expense | ||||||
26,593 | 28,749 | 30,523 | 23,159 | - | - | |
Debt restructuring costs | ||||||
-1,523 | -605 | -19,992 | -192 | - | - | |
Other income | ||||||
-50 | - | - | - | - | - | |
Equity in net loss of unconsolidated entity | ||||||
-1,473 | - | - | - | - | - | |
Income before taxes | ||||||
31,628 | -10,543 | -8,321 | 14,709 | - | - | |
Tax benefit (expense) of taxable REIT subsidiaries | ||||||
-37 | -3,368 | -9,778 | -9,976 | - | - | |
Net income | ||||||
31,665 | -7,175 | 1,457 | 24,685 | - | - | |
Preferred stock dividends | ||||||
28,180 | 16,666 | - | - | - | - | |
Net income attributable to common stockholders | ||||||
3,485 | -23,841 | 1,457 | 24,685 | - | - | |
Recoveries From Customers | ||||||
Revenue | ||||||
- | - | - | 29,271 | - | - | |
Cloud and managed services | ||||||
Revenue | ||||||
- | - | - | 68,488 | - | - | |
Other | ||||||
Revenue | ||||||
- | - | - | 8,881 | - | - | |