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
Website: www.coresite.com
IR: See website
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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 Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust. The Company, through its controlling interest in CoreSite, L.P., is engaged in the business of ownership, acquisition, construction and operation of data centers across a range of markets in the United States, including the Northern Virginia, New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver. The enterprises, network operators, cloud providers and supporting service providers choose CoreSite to connect and protect their data, applications and computing workloads. Its offerings include the CoreSite Open Cloud Exchange and the Any2 Internet Exchange. As of December 31, 2016, it had offered cloud-enabled, network data center campuses with over 20,000 interconnections across its portfolio and direct access to carriers and Internet service providers, cloud and information technology service providers, and inter site connectivity.
Financial Overview
For the three months ended 31 March 2020, CoreSite Realty Corp revenues increased 6% to $147.4M. Net income decreased 9% to $17.8M. Revenues reflect FFO per Share (Diluted) increase of 3% to $1.29, Rental, power, and related revenue increase of 6% to $124.5M, Interconnection revenue increase of 9% to $20.1M. Net income was offset by Depreciation and amortization increase of 15% to $41M (expense).
Employees: 242 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $6,193M as of Mar 31, 2020
Annual revenue (TTM): $581.19M as of Mar 31, 2020
EBITDA (TTM): $298.54M as of Mar 31, 2020
Net annual income (TTM): $74.03M as of Mar 31, 2020
Free cash flow (TTM): -$357.38M as of Mar 31, 2020
Net Debt Last Fiscal Year: $1,569M as of Mar 31, 2020
Shares outstanding: 37,903,353 as of Apr 29, 2020
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization