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Last $50.06 USD
Change Today -0.29 / -0.58%
Volume 110.5K
COR On Other Exchanges
Symbol
Exchange
New York
Berlin
OTC US
As of 4:15 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

coresite realty corp (COR) Snapshot

Open
$50.88
Previous Close
$50.35
Day High
$51.04
Day Low
$49.54
52 Week High
03/23/15 - $51.32
52 Week Low
05/1/14 - $29.75
Market Cap
1.1B
Average Volume 10 Days
134.6K
EPS TTM
$0.79
Shares Outstanding
22.0M
EX-Date
03/27/15
P/E TM
63.5x
Dividend
$1.68
Dividend Yield
3.08%
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.

350 Employees
Last Reported Date: 04/23/15
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 Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015

CoreSite Realty Corporation reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total operating revenue of $74,757,000 compared to $63,731,000 a year ago. Operating income was $13,336,000 compared to $9,309,000 a year ago. Income before income taxes of $12,109,000 compared to $8,138,000 a year ago. Net income was $12,060,000 compared to $8,118,000 a year ago. Net income attributable to the company was $6,652,000 compared to $4,817,000 a year ago. Net income attributable to the common shares was $4,568,000 compared to $2,733,000 a year ago. Basic and diluted net income per share was $0.21 compared to $0.13 a year ago. FFO was $32,277,000 compared to $24,954,000 a year ago. FFO available to common shareholders and OP unit holders was $30,193,000 compared to $22,870,000 a year ago. FFO per common share and OP unit – diluted was $0.64 compared to $0.49 a year ago. EBITDA was $36,188,000 compared to $27,191,000 a year ago. Adjusted EBITDA was $37,951,000 compared to $30,059,000 a year ago. AFFO available to common shareholders and op unit holders of $25,154,000 compared to $19,356,000 a year ago. The company provided earnings guidance for the full year of 2015. For the period, the company maintains its 2015 guidance of FFO per diluted share and unit in the range of $2.55 to $2.65. In addition, the company is maintaining its 2015 guidance for net income attributable to common shares in the range of $0.75 to $0.85 per diluted share, with the difference between FFO and net income being real estate depreciation and amortization. The company is increasing its guidance for 2015 total capital expenditures by $30 million to a range of $115 million to $145 million to primarily reflect the development of the powered shell build-to-suit data center on its Santa Clara campus.

CoreSite Realty Corporation to Report Q1, 2015 Results on Apr 23, 2015

CoreSite Realty Corporation announced that they will report Q1, 2015 results at 12:00 PM, US Eastern Standard Time on Apr 23, 2015

CoreSite Realty Corporation, Q1 2015 Earnings Call, Apr 23, 2015

CoreSite Realty Corporation, Q1 2015 Earnings Call, Apr 23, 2015

 

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Industry Analysis

COR

Industry Average

Valuation COR Industry Range
Price/Earnings 67.7x
Price/Sales 3.8x
Price/Book 5.3x
Price/Cash Flow 21.6x
TEV/Sales 5.6x
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