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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Data center revenue:        
Interconnection revenue $ 20,897 $ 18,776 $ 40,982 $ 37,192
Total operating revenues 150,543 142,906 297,905 281,801
Operating expenses:        
Property operating and maintenance 41,037 38,067 81,220 76,177
Real estate taxes and insurance 5,599 5,988 11,789 12,184
Depreciation and amortization 41,779 36,996 82,770 72,642
Sales and marketing 5,837 5,784 11,981 11,436
General and administrative 11,603 12,282 22,870 22,452
Rent 8,995 7,733 17,394 15,421
Total operating expenses 114,850 106,850 228,024 210,312
Operating income 35,693 36,056 69,881 71,489
Interest expense (10,586) (10,311) (21,769) (19,809)
Income before income taxes 25,107 25,745 48,112 51,680
Income tax expense (19) (2) (36) (32)
Net income 25,088 25,743 48,076 51,648
Net income attributable to noncontrolling interests 4,417 6,208 9,557 12,452
Net income attributable to common shares $ 20,671 $ 19,535 $ 38,519 $ 39,196
Net income per share attributable to common shares:        
Basic $ 0.52 $ 0.54 $ 1.00 $ 1.08
Diluted $ 0.52 $ 0.53 $ 0.99 $ 1.07
Weighted average common shares outstanding        
Basic 39,873,260 36,463,421 38,604,576 36,405,921
Diluted 39,993,011 36,618,533 38,759,072 36,580,547
Rental, power, and related revenue        
Data center revenue:        
Rental revenue $ 127,108 $ 121,083 $ 251,613 $ 238,936
Office, light-industrial and other revenue        
Data center revenue:        
Rental revenue $ 2,538 $ 3,047 $ 5,310 $ 5,673