QTS Realty Trust, Inc. QTS Income Statement

Qts realty trust, inc. (QTS)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13
Revenues:
Rental
-	-	-	384,900	-	-	-	365,410	345,117	-	324,363	315,537	306,414	295,723	283,341	269,080	249,603	230,510	211,926	194,630	184,403	175,649	161,297	0	0	0
Rental
475,815	465,123	450,601	430,212	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Variable lease revenue from recoveries
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
18,606	15,695	15,761	19,434	26,435	36,904	0	0	0	-	-	-	-	-	9,232	9,133	7,421	5,998	4,730	4,439	2,867	2,715	2,526	0	0	0
Recoveries from customers
-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,483	22,938	22,352	22,581	22,924	22,897	21,167	19,194	16,348	0	0	0
Cloud and managed services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	71,554	73,884	65,089	51,994	38,376	25,045	21,795	20,231	18,517	0	0	0
Total revenues
494,421	480,818	469,448	456,406	449,516	450,524	457,098	458,652	454,243	446,510	433,042	422,740	413,559	402,363	389,610	375,035	344,465	311,083	277,956	247,011	230,232	217,789	198,688	0	0	0
Operating expenses:
Property operating costs
162,726	156,048	153,124	146,611	144,599	148,236	153,714	155,240	155,528	153,209	147,783	144,328	140,128	136,488	132,778	127,415	116,800	104,355	90,689	80,133	74,631	71,518	66,603	0	0	0
Real estate taxes and insurance
15,047	14,503	13,732	13,107	12,655	12,193	11,646	11,674	11,717	11,959	11,723	11,173	10,247	8,840	7,774	6,670	6,124	5,869	5,824	5,739	5,383	5,116	4,729	0	0	0
Depreciation and amortization
174,587	168,305	161,402	156,427	152,766	149,891	148,773	146,182	142,889	140,924	136,877	134,267	130,095	124,786	118,713	110,500	98,207	85,811	74,799	65,523	61,278	58,282	53,512	0	0	0
General and administrative
81,177	80,385	77,189	77,607	78,514	80,857	84,007	85,737	87,268	87,231	87,861	86,151	85,197	83,286	81,726	81,224	74,231	67,783	59,880	51,485	48,343	45,283	41,753	0	0	0
Transaction, integration and impairment costs
14,192	15,190	3,349	3,423	3,037	2,743	11,923	12,136	11,644	11,060	3,132	5,483	9,155	10,906	14,411	12,428	13,264	11,282	6,316	4,639	1,059	1,018	1,024	0	0	0
Restructuring
-	-	-	-	-	37,943	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Total operating expenses
447,729	434,431	413,042	415,158	420,984	431,863	443,760	430,929	417,576	404,383	387,376	381,402	374,822	364,306	355,402	338,237	308,626	275,100	237,534	207,771	191,992	182,515	168,893	0	0	0
Gain on sale of real estate, net
-	14,769	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
48,053	61,156	69,814	54,656	41,940	18,661	13,338	27,723	36,667	42,127	45,666	41,338	38,737	38,057	34,208	36,798	35,839	35,983	40,422	39,240	38,240	35,274	29,795	0	0	0
Other income and expense:
Interest income
-	111	161	205	194	150	93	92	67	67	67	4	0	-	0	0	-	-	0	0	-	8	9	0	0	0
Interest expense
26,609	26,593	26,379	26,041	27,785	28,749	30,748	32,320	31,764	30,523	28,599	26,820	24,047	23,159	22,764	22,003	21,928	21,289	21,184	21,176	18,585	15,308	11,732	0	0	0
Other income
0	-	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	0	-	-	0	0	-	0
Equity in net loss of unconsolidated entity
-1,876	-1,473	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before taxes
18,220	31,628	42,329	27,500	13,470	-10,543	-37,309	-24,497	-15,022	-8,321	16,940	14,328	14,502	14,709	11,063	14,413	13,445	14,228	18,866	17,221	18,784	19,103	17,339	0	0	0
Tax benefit (expense) of taxable REIT subsidiaries
-417	-37	656	-693	-755	-3,368	-7,619	-9,093	-10,659	-9,778	-6,111	-7,867	-8,892	-9,976	-11,829	-10,754	0	-	0	0	-	-	0	0	0	-
Net income
18,637	31,665	41,673	28,193	14,225	-7,175	-29,690	-15,404	-4,363	1,457	23,051	22,195	23,394	24,685	24,538	26,238	25,951	24,129	24,643	20,411	18,812	19,103	17,257	0	0	0
Net income attributable to noncontrolling interests
-1,106	374	1,519	-42	-1,096	-2,715	-4,612	-2,115	-545	175	2,821	2,742	2,881	3,160	3,216	3,637	3,818	3,803	4,293	3,913	3,856	4,031	3,658	0	0	0
Net income attributable to QTS Realty Trust, Inc.
19,743	31,291	40,154	28,235	15,321	-4,460	-25,078	-13,289	-3,818	1,282	20,230	19,453	20,513	21,525	21,322	22,601	22,133	20,326	20,350	16,498	14,956	15,072	13,599	0	0	0
Preferred stock dividends
28,180	28,180	28,180	28,180	23,383	16,666	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common stockholders
-8,437	3,111	11,974	55	-8,062	-21,126	-34,699	-15,865	-4,146	1,282	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on swap
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
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
475,815	465,123	465,200	448,485	434,594	413,620	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Variable lease revenue from recoveries
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
18,606	15,695	15,761	19,434	26,435	36,904	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
494,421	480,818	469,448	456,406	449,516	450,524	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property operating costs
162,726	156,048	153,124	146,611	144,599	148,236	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate taxes and insurance
15,047	14,503	13,732	13,107	12,655	12,193	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
174,587	168,305	161,402	156,427	152,766	149,891	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
81,177	80,385	77,189	77,607	78,514	80,857	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction, integration and impairment costs
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction and integration costs
0	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring
-	-	-	-	-	37,943	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
447,729	434,431	413,042	415,158	420,984	431,863	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate, net
-	14,769	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
48,053	61,156	69,814	54,656	41,940	18,661	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
-	111	161	205	194	150	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
26,609	26,593	26,379	26,041	27,785	28,749	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in net loss of unconsolidated entity
-1,876	-1,473	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before taxes
18,220	31,628	42,329	27,500	13,470	-10,543	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit (expense) of taxable REIT subsidiaries
-417	-37	656	-693	-755	-3,368	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
18,637	31,665	41,673	28,193	14,225	-7,175	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends
28,180	28,180	28,180	28,180	23,383	16,666	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common stockholders
-9,543	3,485	13,493	13	-9,158	-23,841	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-