Qts realty trust, inc. (QTS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13
Revenues:
Rental

-

-

-

114,977

-

-

-

101,086

88,415

-

85,831

80,793

79,117

78,622

77,005

71,670

68,426

66,240

62,744

52,193

49,333

47,656

45,448

41,966

40,579

33,304

Rental

120,081

119,282

121,475

114,977

109,389

-

104,760

101,086

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Variable lease revenue from recoveries

-

-

-

-

-

-

-

-

11,513

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

6,211

4,425

3,780

4,190

3,300

4,491

7,453

11,191

13,769

-

-

-

-

-

1,514

3,834

2,017

1,867

1,415

2,122

594

599

1,124

550

442

410

Recoveries from customers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,703

6,168

5,435

5,177

6,158

5,582

5,664

5,520

6,131

3,852

3,691

2,674

Cloud and managed services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,243

17,015

18,890

19,406

18,573

8,220

5,795

5,788

5,242

4,970

4,231

4,074

Total revenues

126,292

123,707

125,255

119,167

112,689

112,337

112,213

112,277

113,697

118,911

113,767

107,868

105,964

105,443

103,465

98,687

94,768

92,690

88,890

68,117

61,386

59,563

57,945

51,338

48,943

40,462

Operating expenses:
Property operating costs

40,781

38,645

44,730

38,570

34,103

35,721

38,217

36,558

37,740

41,199

39,743

36,846

35,421

35,773

36,288

32,646

31,781

32,063

30,925

22,031

19,336

18,397

20,369

16,529

16,223

13,482

Real estate taxes and insurance

3,911

4,068

3,713

3,355

3,367

3,297

3,088

2,903

2,905

2,750

3,116

2,946

3,147

2,514

2,566

2,020

1,740

1,448

1,462

1,474

1,485

1,403

1,377

1,118

1,218

1,016

Depreciation and amortization

45,070

45,161

42,875

41,481

38,788

38,258

37,900

37,820

35,913

37,140

35,309

34,527

33,948

33,093

32,699

30,355

28,639

27,020

24,486

18,062

16,243

16,008

15,210

13,817

13,247

11,238

General and administrative

20,683

20,866

19,504

20,124

19,891

17,670

19,922

21,031

22,234

20,820

21,652

22,562

22,197

21,450

19,942

21,608

20,286

19,890

19,440

14,615

13,838

11,987

11,045

11,473

10,778

8,457

Transaction, integration and impairment costs

216

12,110

827

1,039

1,214

269

901

653

920

9,449

1,114

161

336

1,521

3,465

3,833

2,087

5,026

1,482

4,669

105

60

-195

1,089

64

66

Restructuring

-

-

-

-

-

4,246

13,737

11,430

8,530

-

-

-

-

-

-

-

-

-

-

-

-

-

226

1,046

-

-

Total operating expenses

110,661

120,850

111,649

104,569

97,363

99,461

113,765

110,395

108,242

111,358

100,934

97,042

95,049

94,351

94,960

90,462

84,533

85,447

77,795

60,851

51,007

47,881

48,032

45,072

41,530

34,259

Gain on sale of real estate, net

-

1,361

0

0

13,408

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

15,631

4,218

13,606

14,598

28,734

12,876

-1,552

1,882

5,455

7,553

12,833

10,826

10,915

11,092

8,505

8,225

10,235

7,243

11,095

7,266

10,379

11,682

9,913

6,266

7,413

6,203

Other income and expense:
Interest income

-

8

22

36

45

58

66

25

1

1

65

0

1

-

1

2

-

-

1

1

-

0

0

0

8

1

Interest expense

7,162

6,264

6,724

6,459

7,146

6,050

6,386

8,203

8,110

8,049

7,958

7,647

6,869

6,125

6,179

4,874

5,981

5,730

5,418

4,799

5,342

5,625

5,410

2,208

2,065

2,049

Other income

159

-

370

-40

-

-

-

-

-

-

-

-

-

-

1

-

-

-

-

-83

-

-

-470

-110

-

-153

Equity in net loss of unconsolidated entity

-677

-481

-317

-401

-274

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before taxes

7,951

-4,422

6,957

7,734

21,359

6,279

-7,872

-6,296

-2,654

-20,487

4,940

3,179

4,047

4,774

2,328

3,353

4,254

1,128

5,678

2,385

5,037

5,766

4,033

3,948

5,356

4,002

Tax benefit (expense) of taxable REIT subsidiaries

-169

-816

369

199

211

-123

-980

137

-2,402

-4,374

-2,454

-1,429

-1,521

-707

-4,210

-2,454

-2,605

-

-2,560

-3,135

-

-

27

27

28

-

Net income

8,120

-3,606

6,588

7,535

21,148

6,402

-6,892

-6,433

-252

-16,113

7,394

4,608

5,568

5,481

6,538

5,807

6,859

5,334

8,238

5,520

5,037

5,848

4,006

3,921

5,328

4,002

Net income attributable to noncontrolling interests

110

-1,219

-49

52

1,590

-74

-1,610

-1,002

-29

-1,971

887

568

691

675

808

707

970

731

1,229

888

955

1,221

849

831

1,130

848

Net income attributable to QTS Realty Trust, Inc.

8,010

-2,387

6,637

7,483

19,558

6,476

-5,282

-5,431

-223

-14,142

6,507

4,040

4,877

4,806

5,730

5,100

5,889

4,603

7,009

4,632

4,082

4,627

3,157

3,090

4,198

3,154

Preferred stock dividends

7,045

7,045

7,045

7,045

7,045

7,045

7,045

2,248

328

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to common stockholders

965

-9,432

-408

438

12,513

-569

-12,327

-7,679

-551

-14,142

6,507

4,040

4,877

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

127

105

74

Comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,217

4,303

3,228

Net income (loss) per share attributable to common shares:
Basic (in dollars per share)

-0.01

-0.21

-0.05

-0.03

0.20

-0.01

-0.25

-0.16

-0.02

-0.30

0.13

0.08

0.10

0.10

0.12

0.11

0.14

0.11

0.17

0.13

0.13

0.16

0.11

0.11

0.14

0.11

Diluted (in dollars per share)

-0.01

-0.21

-0.05

-0.03

0.20

-0.01

-0.25

-0.16

-0.02

-0.30

0.13

0.08

0.10

0.10

0.12

0.10

0.14

0.11

0.17

0.12

0.13

0.15

0.11

0.11

0.14

0.11

Weighted average Class A common shares outstanding:
Basic (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,783

41,292

41,314

40,994

36,668

31,294

29,167

29,016

29,016

29,016

28,972

Diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55,574

48,973

49,025

48,733

44,444

39,209

37,383

37,251

37,009

36,889

36,794

Qualitytech, LP
Rental

120,081

119,282

121,475

114,977

109,389

119,359

104,760

101,086

88,415

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Variable lease revenue from recoveries

-

-

-

-

-

-

-

-

11,513

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

6,211

4,425

3,780

4,190

3,300

4,491

7,453

11,191

13,769

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

126,292

123,707

125,255

119,167

112,689

112,337

112,213

112,277

113,697

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property operating costs

40,781

38,645

44,730

38,570

34,103

35,721

38,217

36,558

37,740

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate taxes and insurance

3,911

4,068

3,713

3,355

3,367

3,297

3,088

2,903

2,905

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

45,070

45,161

42,875

41,481

38,788

38,258

37,900

37,820

35,913

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

20,683

20,866

19,504

20,124

19,891

17,670

19,922

21,031

22,234

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transaction, integration and impairment costs

-

-

-

-

-

-

-

-

920

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transaction and integration costs

216

-

827

1,039

1,214

-

901

653

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring

-

-

-

-

-

4,246

13,737

11,430

8,530

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

110,661

120,850

111,649

104,569

97,363

99,461

113,765

110,395

108,242

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate, net

-

1,369

0

-8

13,408

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

15,631

4,218

13,606

14,598

28,734

12,876

-1,552

1,882

5,455

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

8

22

36

45

58

66

25

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

7,162

6,264

6,724

6,459

7,146

6,050

6,386

8,203

8,110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

159

-

370

-40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in net loss of unconsolidated entity

-677

-481

-317

-401

-274

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before taxes

7,951

-4,422

6,957

7,734

21,359

6,279

-7,872

-6,296

-2,654

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit (expense) of taxable REIT subsidiaries

-169

-816

369

199

211

-123

-980

137

-2,402

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

8,120

-3,606

6,588

7,535

21,148

6,402

-6,892

-6,433

-252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends

7,045

7,045

7,045

7,045

7,045

7,045

7,045

2,248

328

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to common stockholders

1,075

-10,651

-457

490

14,103

-643

-13,937

-8,681

-580

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-