XML 51 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Data center revenue:    
Interconnection revenue $ 20,085 $ 18,416
Total operating revenues 147,362 138,895
Operating expenses:    
Property operating and maintenance 40,183 38,110
Real estate taxes and insurance 6,190 6,196
Depreciation and amortization 40,991 35,646
Sales and marketing 6,144 5,652
General and administrative 11,267 10,170
Rent 8,399 7,688
Total operating expenses 113,174 103,462
Operating income 34,188 35,433
Interest expense (11,183) (9,498)
Income before income taxes 23,005 25,935
Income tax (expense) benefit (17) (30)
Net income 22,988 25,905
Net income attributable to noncontrolling interests 5,140 6,244
Net income attributable to common shares $ 17,848 $ 19,661
Net income per share attributable to common shares:    
Basic $ 0.48 $ 0.54
Diluted $ 0.48 $ 0.54
Weighted average common shares outstanding    
Basic 37,335,892 36,347,781
Diluted 37,504,349 36,547,065
Rental, power, and related revenue    
Data center revenue:    
Rental revenue $ 124,505 $ 117,853
Office, light-industrial and other revenue    
Data center revenue:    
Rental revenue $ 2,772 $ 2,626