Real Estate Investment Trusts (REITs)
Company Overview of DuPont Fabros Technology, Inc.
DuPont Fabros Technology, Inc., a real estate investment trust (REIT), engages in the ownership, acquisition, development, operation, management, and lease of large-scale data center facilities in the United States. The company leases its data centers to the American and international technology companies to house, power, and cool the computer servers that support their critical business processes. It also provides certain technical services to tenants, including layout design and installation of electrical power circuits, data cabling, server cabinets and racks, computer room airflow analyses, and monitoring. As of December 31, 2011, the company owned and operated seven data centers located...
1212 New York Avenue, NW
Washington, DC 20005
Founded in 2007
Key Executives for DuPont Fabros Technology, Inc.
Co-Founder and Vice Chairman
Total Annual Compensation: $506.8K
Chief Financial Officer and Executive Vice President
Total Annual Compensation: $340.0K
Executive Vice President, General Counsel and Secretary
Total Annual Compensation: $327.6K
Senior Vice President of Finance and Treasurer
Total Annual Compensation: $275.0K
Chief Accounting Officer
Total Annual Compensation: $190.5K
Compensation as of Fiscal Year 2014.
DuPont Fabros Technology, Inc. Key Developments
DuPont Fabros Technology, Inc. Expands Relationship With Facebook at its ACC7 Data Center
May 21 15
DuPont Fabros Technology, Inc. announced that it has expanded its relationship with social media giant, Facebook, Inc. On May 13, 2015, the companies entered into a new lease for 7.43 megawatts ("MW") of available critical load and 43,000 square feet of computer room space in DFT's ACC7 data center located in Ashburn, Virginia. Facebook now helps its customers connect to friends, family and events from four buildings within DFT's Ashburn campus. The new lease includes space for 4.46 MW in ACC7 Phase I which commences immediately; and 2.97 MW in ACC7 Phase II, which commences at the building's projected opening date in the fourth quarter of 2015. DFT's occupancy has been positively impacted on both an operating and pre-leased basis. The lease increases ACC7 Phase I's percentage leased to 84% on a critical load basis and raises the occupancy of DFT's operating portfolio to 96% from 94%. ACC7 Phase II is now 33% pre-leased. The weighted average lease term for both spaces is 7.4 years. Facebook also leases nearly 36 MW of critical load at three other facilities located on DFT's Ashburn data center campus. As part of the ACC7 lease, DFT and Facebook amended each of Facebook's existing leases. The amendments give Facebook the right to individually decrease the term of the lease of each of nine computer rooms, each with 2.28 MW of available critical load provided the aggregate reduction in lease terms does not exceed 67 months, or an average of approximately seven months per computer room. The amendments also extend the lease of one computer room totaling 2.28 MW of available critical load by six months and two computer rooms totaling 4.33 MW of available critical load by twelve months each.
DuPont Fabros Technology, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-13-2015 09:00 AM
May 7 15
DuPont Fabros Technology, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-13-2015 09:00 AM. Venue: Mandarin Oriental Brickell, Miami, Florida, United States. Speakers: Jeffrey H. Foster, Chief Financial Officer and Executive Vice President.
DuPont Fabros Technology, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Revises Earnings Guidance for 2015
May 7 15
DuPont Fabros Technology, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $107.314 million against $102.087 million a year ago. Operating income was $35.222 million against $40.143 million a year ago. Net income attributable to common shares was $15.803 million or $0.24 per basic and diluted share against $20.045 million or $0.30 per basic and diluted share a year ago. FFO was $51.216 million against $54.741 million a year ago. FFO attributable to common shares and OP units was $44.405 million or $0.58 per diluted share against $47.930 million or $0.46 per diluted share a year ago. Normalized FFO was $49.983 million or $0.61 per diluted share against $47.930 million or $0.59 per diluted share a year ago. AFFO was $53.260 million or $0.65 per diluted share against $50.098 million or $0.62 per diluted share a year ago. Net cash provided by operating activities was $49.092 million against $44.491 million a year ago. Investments in real estate development was $57.584 million against $80.159 million a year ago. The increase in Revenue was primarily due to new leases commencing, partially offset by impact of the customer in bankruptcy.
The company is increasing 2015 normalized FFO guidance range by $0.03 per share from $2.27 to $2.47 per share to $2.30 to $2.50 per share. It expects net income per common share and unit – diluted of $0.96 to $1.16, FFO per share – diluted of $2.23 to $2.43, AFFO per share – diluted of $2.46 to $2.66. The company now expects total revenues of $425 to $445 million and investments in real estate – development of $150 to $170 million against total revenues of $420 to $445 million and investments in real estate – development of $150 to $175 million provided earlier.
For the second quarter of 2015, the company expects net income per common share and unit – diluted of $0.30 to $0.32, FFO per share – diluted of $0.61 to $0.63, AFFO per share – diluted of $0.65 to $0.69 and normalized FFO per share – diluted of $0.61 to $0.63.
Similar Private Companies By Industry
Recent Private Companies Transactions
February 5, 2015