CoreSite Realty Corp (N:COR)

Sector:  Financials Industry:  Commercial REITs
See Regulatory Filings on SEC
Company Contact
Address: 1001 17th St Ste 500
DENVER CO 80202-2461
Tel: N/A
IR: See website
Key People
Robert G. Stuckey
Independent Chairman of the Board
Paul E. Szurek
President, Chief Executive Officer, Director
Jeffrey S. Finnin
Chief Financial Officer
Derek S. McCandless
Senior Vice President - Legal, General Counsel, Secretary
Maile C. Kaiser
Senior Vice President of Sales
Juan A. Font
Senior Vice President - General Management
Brian P. Warren
Senior Vice President - Development and Product Engineering
Steven James Smith
Chief Revenue Officer
Business Overview
CoreSite Realty Corp is a real estate investment trust (REIT). The Company, through its controlling interest in CoreSite, L.P. (Operating Partnership), is engaged in the business of owning, acquiring, constructing and operating data centers. Its data centers are located across the United States, including the San Francisco Bay area, Los Angeles, the Northern Virginia area (including Washington D.C.), the New York area, Boston, Chicago, Denver and Miami. Its property portfolio includes approximately 23 operating data center facilities, office and light-industrial space and multiple potential development projects that collectively comprise over 4.6 million net rentable square feet (NRSF). It provides data center, cloud access and interconnection solutions to enterprises, network operators, cloud providers, and supporting service providers.
Financial Overview
For the six months ended 30 June 2020, CoreSite Realty Corp revenues increased 6% to $297.9M. Net income decreased 2% to $38.5M. Revenues reflect FFO per Share (Diluted) increase of 5% to $1.32, Rental, power, and related revenue increase of 5% to $251.6M, Interconnection revenue increase of 10% to $41M. Net income was offset by Depreciation and amortization increase of 14% to $82.8M (expense), Rent increase of 13% to $17.4M (expense).
Employees: 242 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $6,623M as of Jun 30, 2020
Annual revenue (TTM): $588.83M as of Jun 30, 2020
EBITDA (TTM): $303.26M as of Jun 30, 2020
Net annual income (TTM): $75.16M as of Jun 30, 2020
Free cash flow (TTM): -$302.29M as of Jun 30, 2020
Net Debt Last Fiscal Year: $1,613M as of Jun 30, 2020
Shares outstanding: 42,532,858 as of Jul 29, 2020
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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