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INTERIM 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
Revenues:        
Rental $ 121,475 $ 104,760 $ 345,841 $ 305,774
Other 3,780 7,453 11,270 32,413
Total revenues 125,255 112,213 357,111 338,187
Operating expenses:        
Property operating costs 44,730 38,217 117,403 112,515
Real estate taxes and insurance 3,713 3,088 10,435 8,896
Depreciation and amortization 42,875 37,900 123,144 111,633
General and administrative 19,504 19,922 59,519 63,187
Transaction and integration costs 827 901 3,080 2,474
Restructuring   13,737   33,697
Total operating expenses 111,649 113,765 313,581 332,402
Gain on sale of real estate, net     13,408  
Operating income (loss) 13,606 (1,552) 56,938 5,785
Other income and expense:        
Interest income 22 66 103 92
Interest expense (6,724) (6,386) (20,329) (22,699)
Other income 370   330  
Equity in earnings (loss) of unconsolidated entity (317)   (992)  
Income (loss) before taxes 6,957 (7,872) 36,050 (16,822)
Tax benefit (expense) of taxable REIT subsidiaries (369) 980 (779) 3,245
Net income (loss) 6,588 (6,892) 35,271 (13,577)
Net (income) loss attributable to noncontrolling interests 49 1,610 (1,593) 2,641
Net income (loss) attributable to QTS Realty Trust, Inc. 6,637 (5,282) 33,678 (10,936)
Preferred stock dividends (7,045) (7,045) (21,135) (9,621)
Net income (loss) attributable to common stockholders $ (408) $ (12,327) $ 12,543 $ (20,557)
Net income (loss) per share attributable to common shares:        
Basic (in dollars per share) $ (0.05) $ (0.25) $ 0.12 $ (0.42)
Diluted (in dollars per share) $ (0.05) $ (0.25) $ 0.12 $ (0.42)
Qualitytech, LP        
Revenues:        
Rental $ 121,475 $ 104,760 $ 345,841 $ 305,774
Other 3,780 7,453 11,270 32,413
Total revenues 125,255 112,213 357,111 338,187
Operating expenses:        
Property operating costs 44,730 38,217 117,403 112,515
Real estate taxes and insurance 3,713 3,088 10,435 8,896
Depreciation and amortization 42,875 37,900 123,144 111,633
General and administrative 19,504 19,922 59,519 63,187
Transaction and integration costs 827 901 3,080 2,474
Restructuring   13,737   33,697
Total operating expenses 111,649 113,765 313,581 332,402
Gain on sale of real estate, net     13,408  
Operating income (loss) 13,606 (1,552) 56,938 5,785
Other income and expense:        
Interest income 22 66 103 92
Interest expense (6,724) (6,386) (20,329) (22,699)
Other income 370   330  
Equity in earnings (loss) of unconsolidated entity (317)   (992)  
Income (loss) before taxes 6,957 (7,872) 36,050 (16,822)
Tax benefit (expense) of taxable REIT subsidiaries (369) 980 (779) 3,245
Net income (loss) 6,588 (6,892) 35,271 (13,577)
Preferred stock dividends (7,045) (7,045) (21,135) (9,621)
Net income (loss) attributable to common stockholders $ (457) $ (13,937) $ 14,136 $ (23,198)