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Last $46.73 USD
Change Today +1.29 / 2.84%
Volume 176.3K
As of 8:04 PM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

coresite realty corp (COR) Snapshot

Open
$45.47
Previous Close
$45.44
Day High
$46.78
Day Low
$45.44
52 Week High
03/23/15 - $51.32
52 Week Low
09/26/14 - $32.03
Market Cap
1.2B
Average Volume 10 Days
230.6K
EPS TTM
$0.79
Shares Outstanding
26.5M
EX-Date
06/26/15
P/E TM
59.3x
Dividend
$1.68
Dividend Yield
3.44%
Current Stock Chart for CORESITE REALTY CORP (COR)

coresite realty corp (COR) Related Businessweek News

No Related Businessweek News Found

coresite realty corp (COR) Details

CoreSite Realty Corporation engages in the ownership, acquisition, construction, and management of data centers. The data centers are specialized and secure buildings that house networking, storage, and communications technology infrastructure, including servers, storage devices, switches, routers, and fiber optic transmission equipment. These buildings provide the power, cooling, and network connectivity to operate this mission-critical equipment. The company’s data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. CoreSite Realty Corporation serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. As of December 31, 2011, its property portfolio included 12 operating data center facilities and 1 development site. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, it would not be subject to federal income taxes, if it distributes at least 90% of its REIT taxable income to its stockholders. The company was founded in 2010 and is headquartered in Denver, Colorado.

354 Employees
Last Reported Date: 02/13/15
Founded in 2010

coresite realty corp (COR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $510.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $372.5K
Senior Vice President of Operations
Total Annual Compensation: $214.0K
Senior Vice President of Legal, General Couns...
Total Annual Compensation: $278.8K
Senior Vice President of Sales and Sales Oper...
Total Annual Compensation: $426.9K
Compensation as of Fiscal Year 2014.

coresite realty corp (COR) Key Developments

CoreSite Realty Corporation Announces Amended and Expanded $500 Million Credit Facility

CoreSite Realty Corporation announced that it has entered into an amended and expanded $500 million senior unsecured credit facility. The credit facility, consisting of a $350 million revolving credit facility and a $150 million term loan, extends CoreSite’s debt maturity profile and increases total debt capacity. The revolving credit facility has a four-year primary term, expiring in June 2019, with a one-year extension option, while the term loan has a five-year term maturing in June 2020. The term loan bears interest at a variable rate, and CoreSite elected to swap the variable interest rate associated with $75 million, or 50% of the principal amount of the term loan facility, to a fixed rate of approximately 2.95%. Net proceeds from the term loan will be used to partially pay down the current revolving credit facility balance. KeyBank National Association served as administrative agent, and KeyBanc Capital Markets, RBC Capital Markets LLC, Regions Capital Markets and TD Securities (USA) LLC, all served as joint lead arrangers and joint book managers.

CoreSite Announces Development of Seventh Data Center in Silicon Valley Market

CoreSite Realty Corporation announced the development of SV7 on its Santa Clara campus. CoreSite is initiating the build of SV7 in order to continue to meet growing demand for multi-tenant data center space in the Silicon Valley market. SV7 will comprise approximately 230,000 square feet, of which CoreSite has pre-leased approximately 35,000 square feet under a lease executed in Second Quarter 2015. Currently in preconstruction and anticipated to break ground in Third Quarter of this year, CoreSite expects to substantially complete Phase 1 of the building in Second Quarter 2016. The completion of SV7 will increase the size of CoreSite’s Santa Clara campus to approximately 600,000 square feet. CoreSite’s design of SV7 reflects the company’s focus on creating an interconnected environment comprised of enterprises, networks and cloud service providers to enable high-performance applications for CoreSite’s customers. CoreSite’s Santa Clara campus provides: Access to nearly 40 network, cloud and IT service providers as well as 20 enterprise and digital content customers; Access to on-demand cloud services through the CoreSite Open Cloud Exchange; Access to CoreSite’s Any2® Exchange for Internet peering, the large IP exchange on the West Coast, and CoreSite’s Blended IP [4] service; Interconnection with AWS Direct Connect; 24x7x365 remote hands services available from CoreSite’s certified, skilled technicians; Security features including 24x7x365 in-house on-site security officers, key card access, biometric scanners and double mantrap entries; A 100% uptime SLA guarantee and portfolio record of six 9s (99.9999%) uptime in each of the past four calendar years; Flexible solutions including cabinets, cages, and build-to-suit suites; Compliance support for industry-specific customer requirements; PCI DSS and SSAE 16 SOC 1 Type 2 validated infrastructure and systems.

CoreSite Realty Corporation Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015

CoreSite Realty Corporation Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015 . Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States.

 

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Industry Analysis

COR

Industry Average

Valuation COR Industry Range
Price/Earnings 61.1x
Price/Sales 3.4x
Price/Book 4.8x
Price/Cash Flow 19.5x
TEV/Sales 4.8x
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