| Quarter Ended June 30, 2015 Consolidated Statements of Operations (in thousands, except share and per share data) 12 OVERVIEW FINANCIAL STATEMENTS OPERATING PORTFOLIO DEVELOPMENT CAPITAL STRUCTURE Components of NAV 2015 GUIDANCE APPENDIX Three Months Ended Six Months Ended June 30, 2015 March 31, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Operating revenues: Data center revenue: Rental revenue $ 44,824 $ 41,323 $ 36,938 $ 86,147 $ 71,837 Power revenue 21,792 19,669 16,575 41,461 32,577 Interconnection revenue 10,595 10,215 8,591 20,810 16,650 Tenant reimbursement and other 2,276 1,416 1,627 3,692 4,383 Total data center revenue 79,487 72,623 63,731 152,110 125,447 Office, light-industrial and other revenue 1,969 2,134 1,951 4,103 3,966 Total operating revenues 81,456 74,757 65,682 156,213 129,413 Operating expenses: Property operating and maintenance 22,204 19,780 18,534 41,984 34,823 Real estate taxes and insurance 3,270 1,935 (980) 5,205 1,986 Depreciation and amortization 24,046 22,816 19,504 46,862 37,386 Sales and marketing 4,256 3,782 3,747 8,038 7,335 General and administrative 7,952 7,865 6,732 15,817 14,437 Rent 5,007 5,243 5,070 10,250 10,136 Impairment of internal-use software — — 1,037 — 1,959 Transaction costs 45 — 9 45 13 Total operating expenses 66,780 61,421 53,653 128,201 108,075 Operating income 14,676 13,336 12,029 28,012 21,338 Gain on real estate disposal — 36 — 36 — Interest income 2 2 2 4 4 Interest expense (1,730) (1,265) (1,415) (2,995) (2,588) Income before income taxes 12,948 12,109 10,616 25,057 18,754 Income tax benefit (expense) (66) (49) 22 (115) 2 Net income 12,882 12,060 10,638 24,942 18,756 Net income attributable to noncontrolling interests 5,259 5,408 4,670 10,667 7,971 Net income attributable to CoreSite Realty Corporation 7,623 6,652 5,968 14,275 10,785 Preferred stock dividends (2,085) (2,084) (2,085) (4,169) (4,169) Net income attributable to common shares $ 5,538 $ 4,568 $ 3,883 $ 10,106 $ 6,616 Net income per share attributable to common shares: Basic $ 0.23 $ 0.21 $ 0.18 $ 0.44 $ 0.31 Diluted $ 0.22 $ 0.21 $ 0.18 $ 0.43 $ 0.31 Weighted average common shares outstanding: Basic 24,536,583 21,372,157 21,131,077 22,963,111 21,062,299 Diluted 25,055,195 21,978,307 21,604,730 23,525,316 21,599,749 |