XML 20 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Data center revenue:      
Rental revenue $ 218,060 $ 183,300 $ 149,294
Power revenue 111,541 89,495 71,227
Interconnection revenue 53,077 44,234 35,355
Tenant reimbursement and other 9,086 8,295 8,702
Office, light-industrial and other revenue 8,588 7,968 7,842
Total operating revenues 400,352 333,292 272,420
Operating expenses:      
Property operating and maintenance 107,212 89,805 75,119
Real estate taxes and insurance 14,250 12,144 7,578
Depreciation and amortization 108,652 95,702 80,722
Sales and marketing 17,495 15,930 14,554
General and administrative 35,369 34,179 27,842
Rent 22,631 21,075 20,397
Impairment of internal-use software   322 1,959
Transaction Costs 126 51 62
Total operating expenses 305,735 269,208 228,233
Operating income 94,617 64,084 44,187
Gain (loss) on real estate disposal   36 1,208
Interest income 35 6 6
Interest expense (12,612) (7,104) (5,311)
Income before income taxes 82,040 57,022 40,090
Income tax expense (119) (163) (38)
Net income 81,921 56,859 40,052
Net income attributable to noncontrolling interests 23,212 22,153 17,287
Net income attributable to CoreSite Realty Corporation 58,709 34,706 22,765
Preferred stock dividends (8,338) (8,338) (8,338)
Net income attributable to common shares $ 50,371 $ 26,368 $ 14,427
Net income per share attributable to common shares:      
Basic (in dollars per share) $ 1.56 $ 1.05 $ 0.68
Diluted (in dollars per share) $ 1.54 $ 1.03 $ 0.66
Weighted average common shares outstanding      
Basic (in shares) 32,289,414 25,218,500 21,161,614
Diluted (in shares) 32,732,059 25,706,568 21,740,707