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March 27, 2015 2:01 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of QTS Realty Trust, Inc.

Company Overview

QTS Realty Trust, Inc. focuses on the ownership, development, and operation of carrier-neutral data centers in the United States. The company was founded in 2013 and is headquartered in Overland Park, Kansas. QTS Realty Trust, Inc.operates as a subsidiary of General Atlantic LLC.

12851 Foster Street

Overland Park, KS 66213

United States

Founded in 2013

460 Employees

Phone:

913-814-9988

Key Executives for QTS Realty Trust, Inc.

Chairman and Chief Executive Officer
Age: 43
Total Annual Compensation: $1.1M
Chief Financial Officer
Age: 55
Total Annual Compensation: $700.0K
Chief Operating Officer of Development and Operations
Age: 49
Total Annual Compensation: $525.0K
Chief Investment Officer
Age: 45
Total Annual Compensation: $487.5K
Chief Operating Officer of Sales & Marketing
Age: 55
Total Annual Compensation: $525.0K
Compensation as of Fiscal Year 2014.

QTS Realty Trust, Inc. Key Developments

QTS Realty Trust Partners with Comstor to Become Key Supplier of Cloud Solutions

QTS Realty Trust announced that it has partnered with Comstor to become a key supplier of cloud solutions, specifically the FedRAMP compliant, QTS Federal Cloud.

QTS Realty Trust, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

QTS Realty Trust, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's net income was $5.8 million or $0.16 per basic and diluted share compared to net income of $4.4 million recognized in the fourth quarter of 2013. The company generated operating FFO of $20.4 million for the quarter, an increase of approximately 24.3% compared to $16.4 million for the fourth quarter of 2013. Additionally, the company generated $29.0 million of adjusted EBITDA in the quarter, an increase of 36.7% compared to $21.2 million for the fourth quarter of 2013. Total revenues were increasing by 25.6% to $59.6 million for the quarter compared to $47.4 million for the fourth quarter 2013. Operating income was $11.7 million compared with $7.3 million a year ago. Income before taxes was $5.8 million compared with $4.4 million a year ago. Net income attributable to the company was $4.6 million compared with $3.6 million a year ago. FFO was $20.0 million compared with $16.2 million a year ago. Maintenance capex was $0.71 million compared with $0.3 million a year ago. Adjusted operating FFO was $19.7 million compared with $16.3 million a year ago. EBITDA was $27.4 million compared with $20.4 million a year ago. Net operating income was $39.8 million compared with $30.4 million a year ago. For the year, the company's net income was $19.1 million or $0.52 and $0.51 per basic and diluted share, respectively compared to net income of $3.9 million recognized in the year ended 2013. The company generated operating FFO of $74.1 million for the year, an increase of 49.8% compared to $49.5 million for the year ended 2013. Additionally, the company generated $100.0 million of adjusted EBITDA in the year, an increase of 32.6% compared to $75.4 million for the year ended 2013. Total revenues increased by 22.4% to $217.8 million for the year compared to $177.9 million for the year ended 2013. Operating income was $35.3 million compared with $25.99 million a year ago. Income before taxes was $19.1 million compared with $3.9 million a year ago. Net income attributable to the company was $15.1 million compared with $3.0 million a year ago. FFO was $70.96 million compared with $45.96 million a year ago. Maintenance capex was $2.7 million compared with $2.5 million a year ago. Adjusted operating FFO was $69.2 million compared with $47.4 million a year ago. EBITDA was $92.7 million compared with $69.9 million a year ago. Net operating income was $141.2 million compared with $112.6 million a year ago. The company invested approximately $300 million in capex during the year, which included approximately $100 million in acquisitions for its New Jersey and Chicago facilities. For the year 2015, the company expects adjusted EBITDA in the range of $115.0 million to $123.0 million, operating FFO in the range of $84.5 million to $88.5 million, operating FFO per share in the range of $2.24 to $2.34 and capital expenditures incurred in the range of $225.0 million to $275.0 million. The company continues to anticipate core revenue growth, excluding acquisitions, in the mid to high teens (which ramps during the year) and annual rental churn of 5% to 8%.

QTS Realty Trust, Inc. Declares Dividend for the First Quarter of 2015, Payable on April 7, 2015

QTS Realty Trust, Inc. announced that its Board of Directors has authorized a cash dividend of $0.32 per share on its common stock for the first quarter of 2015. The $0.32 per share dividend is payable on April 7, 2015 to common stockholders of record at the close of business on March 20, 2015. The $0.32 per share dividend rate represents a 10.3% increase over the 2014 quarterly per share dividend rate of $0.29 per share.

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