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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Data center revenue:        
Interconnection revenue $ 19,082 $ 17,701 $ 56,274 $ 51,683
Total operating revenues 144,891 139,180 426,692 405,246
Operating expenses:        
Property operating and maintenance 41,251 41,161 117,428 112,870
Real estate taxes and insurance 4,973 4,699 17,157 14,329
Depreciation and amortization 40,546 36,264 113,188 105,598
Sales and marketing 5,476 5,180 16,912 15,629
General and administrative 10,671 10,074 33,123 29,556
Rent 8,331 7,329 23,752 20,276
Transaction costs       75
Total operating expenses 111,248 104,707 321,560 298,333
Operating income 33,643 34,473 105,132 106,913
Interest expense (10,986) (9,433) (30,795) (26,078)
Income before income taxes 22,657 25,040 74,337 80,835
Income tax (expense) benefit (13) (20) (45) 30
Net income 22,644 25,020 74,292 80,865
Net income attributable to noncontrolling interests 5,194 6,420 17,646 22,574
Net income attributable to common shares $ 17,450 $ 18,600 $ 56,646 $ 58,291
Net income per share attributable to common shares:        
Basic $ 0.47 $ 0.52 $ 1.55 $ 1.69
Diluted $ 0.47 $ 0.52 $ 1.54 $ 1.68
Weighted average common shares outstanding        
Basic 36,950,950 35,512,091 36,589,593 34,504,790
Diluted 37,132,155 35,721,478 36,763,241 34,693,835
Rental, power, and related revenue        
Data center revenue:        
Rental revenue $ 122,598 $ 118,590 $ 361,534 $ 344,745
Office, light-industrial and other revenue        
Data center revenue:        
Rental revenue $ 3,211 $ 2,889 $ 8,884 $ 8,818