TEXT-EXTRACT 2 filename2.txt May 1, 2019 Jeffrey Berson Chief Financial Officer QTS Realty Trust, Inc. 12851 Foster Street Overland Park, KS 66213 Re: QTS Realty Trust, Inc. QualityTech, LP Form 10-K for the Fiscal Year Ended December 31, 2018 Filed February 25, 2019 File Nos. 001-36109 and 333-201810 Dear Mr. Berson: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2018 Non-GAAP Financial Measures FFO, Operating FFO and Adjusted Operating FFO, page 79 1. Please tell us how your definition of FFO is consistent with the NAREIT definition of FFO. Specifically, tell us how you have determined not to adjust for impairments of depreciated real estate as part of NAREIT FFO. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Jeffrey Berson QTS Realty Trust, Inc. May 1, 2019 Page 2 You may contact Isaac Esquivel, Staff Accountant, at (202) 551-3395 or Daniel Gordon, SACA, at (202) 551-3486 with any questions. Sincerely, FirstName LastNameJeffrey Berson Division of Corporation Finance Comapany NameQTS Realty Trust, Inc. Office of Real Estate and May 1, 2019 Page 2 Commodities FirstName LastName