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Last $26.06 USD
Change Today -0.46 / -1.73%
Volume 612.8K
DFT On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

dupont fabros technology (DFT) Snapshot

Open
$26.24
Previous Close
$26.52
Day High
$26.35
Day Low
$25.73
52 Week High
01/29/15 - $38.30
52 Week Low
09/4/15 - $25.73
Market Cap
1.7B
Average Volume 10 Days
724.2K
EPS TTM
$1.13
Shares Outstanding
65.4M
EX-Date
09/30/15
P/E TM
23.1x
Dividend
$1.68
Dividend Yield
6.18%
Current Stock Chart for DUPONT FABROS TECHNOLOGY (DFT)

dupont fabros technology (DFT) Related Businessweek News

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dupont fabros technology (DFT) Details

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 in Northern Virginia; one data center in suburban Chicago, Illinois; one data center in Piscataway, New Jersey; one data center in Santa Clara, California. DuPont Fabros Technology, Inc. has elected to be taxed as a REIT. As a REIT, it would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2007 and is headquartered in Washington, District of Columbia.

97 Employees
Last Reported Date: 02/25/15
Founded in 2007

dupont fabros technology (DFT) Top Compensated Officers

Co-Founder and Vice Chairman
Total Annual Compensation: $506.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $340.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $327.6K
Senior Vice President of Finance & Acquisitio...
Total Annual Compensation: $275.0K
Chief Accounting Officer
Total Annual Compensation: $190.5K
Compensation as of Fiscal Year 2014.

dupont fabros technology (DFT) Key Developments

DuPont Fabros Technology, Inc. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015; Revises Earnings Guidance for the Year 2015

DuPont Fabros Technology, Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $113,826,000 against $101,950,000 a year ago. Operating income was $40,898,000 against $41,687,000 a year ago. Net income attributable to common shares was $19,668,000 or $0.30 per diluted share against $21,121,000 or $0.32 per diluted share a year ago. NAREIT FFO was $57,169,000 against $56,376,000 a year ago. NAREIT FFO attributable to common shares and common units was $50,358,000 against $49,903,000 a year ago. AFFO attributable to common shares and common units was $57,059,000 against $50,880,000 a year ago. NAREIT and normalized FFO attributable to common shares and common units per diluted share were $0.62 against $0.61 for the same period a year ago. AFFO attributable to common shares and common units per diluted share were $0.70 against $0.62 for the same period a year ago. The increase in Revenue was primarily due to new leases commencing, an increase in a la carte project revenue and an increase in recoveries from customers due to higher real estate taxes, partially offset by the impact of the customer in bankruptcy. AFFO increased primarily due to increased Normalized FFO of $0.01 per share, increased add-back of straight-line revenue as a result of rent received from bankrupt customer not recognized as revenue and increased cash rents totaling $0.04 per share, add-back of non-cash write-offs of straight-line receivables and intangible assets of $0.02 per share, and decreased capitalized leasing commissions of $0.01 per share. For the six months, the company reported total revenues of $221,140,000 against $204,037,000 a year ago. Operating income was $76,120,000 against $81,830,000 a year ago. Net income attributable to common shares was $35,471,000 or $0.53 per diluted share against $41,166,000 or $0.63 per diluted share a year ago. NAREIT FFO was $108,385,000 against $111,117,000 a year ago. NAREIT FFO attributable to common shares and common units was $94,763,000 against $97,495,000 a year ago. AFFO attributable to common shares and common units was $110,319,000 against $100,978,000 a year ago. NAREIT FFO attributable to common shares and common units per diluted share were $1.16 against $1.20 for the same period a year ago. Normalized FFO attributable to common shares and common units per diluted share were $1.23 against $1.20 for the same period a year ago. AFFO attributable to common shares and common units per diluted share were $1.35 against $1.24 for the same period a year ago. Net cash provided by operating activities was $127,485,000 against $118,628,000 a year ago. Additions to non-real estate property were $568,000 against $283,000 a year ago. The increase in Revenue was primarily due to new leases commencing, an increase in a la carte revenue and an increase in recoveries from tenants due to higher real estate taxes, partially offset by impact of the customer in bankruptcy. Normalized FFO increased primarily due to · increased operating income excluding depreciation of $0.13 per share which excludes the negative impact from the bankrupt customer, partially offset by revenue of $0.06 per share not recognized from bankrupt customer, write-off of $0.02 per share of straight-line receivables and intangible assets related to the bankrupt customer, and increased interest expense of $0.02 per share due to a higher level of outstanding debt related to development financing. The company increased mid-point of its 2015 Normalized FFO guidance range by $0.03 per share. The new range is $2.38 to $2.48 per share compared to last quarter's range of $2.30 to $2.50 per share. The increase in the mid-point is due to the following: $0.03 per share from positive leasing and ala carte results, $0.01 per share from lower interest expense due to increased capitalized interest, $0.01 per share from the bankrupt customer, partially offset by $0.02 per share second quarter write-off of straight-line receivables and intangible assets related to the bankrupt customer. The company increased its mid-point 2015 AFFO guidance range by $0.05 per share. The new range is $2.56 to $2.66 per share compared to last quarter's range of $2.46 to $2.66 per share. This is due to the following: increased Normalized FFO of $0.03 per share, and forecasted revenue sharing rent from the bankrupt customer in July and August of $0.02 per share. The company’s expects normalized FFO to be in the range of $0.59 to $0.62 per share for the third quarter of 2015. The mid-point of this range is $0.01 lower than Normalized FFO per share in the second quarter of 2015. This is due to the following: $0.05 per share of increased interest expense due higher debt levels for the funding of its developments, increased average interest rate after issuing its new bonds and lower capitalized interest after placing CH2 Phase I into service, partially offset by, $0.02 per share of increased operating income excluding depreciation from new lease commencements, and $0.02 per share of second quarter write-offs related to the bankrupt customer that are not forecasted in the third quarter. The company's AFFO guidance range is $0.63 to $0.67 per share for the third quarter of 2015. The mid-point of the range is $0.05 per share lower than second quarter 2015 AFFO per share. This is due to following: decrease in mid-point of Normalized FFO of $0.01 per share, add-backs of second quarter write-offs of $0.02 per share related to the bankrupt customer that are not forecasted in the third quarter, and increased improvements to real estate of $0.02 per share.

DuPont Fabros Technology, Inc. Presents at Cowen and Company, LLC Communications Infrastructure Summit 2015, Aug-12-2015 04:15 PM

DuPont Fabros Technology, Inc. Presents at Cowen and Company, LLC Communications Infrastructure Summit 2015, Aug-12-2015 04:15 PM. Venue: The St. Julien Hotel, Boulder, Colorado, United States.

DuPont Fabros Technology, Inc. Declares Cash Dividends on Common and Preferred Stock for the Third Quarter of 2015, Payable on October 15, 2015

DuPont Fabros Technology, Inc. announced that the company's Board of Directors has declared cash dividends on shares of both its common and preferred stock for the third quarter of 2015. The following have been declared: The company will pay a $0.42 per common share dividend on October 15, 2015 to shareholders of record as of October 2, 2015; The company will pay a $0.4921875 per share dividend on the 7.875% series A cumulative redeemable perpetual preferred stock for the period from July 16, 2015 to October 15, 2015. The dividend will be payable on October 15, 2015 to shareholders of record as of October 2, 2015; and The company will pay a $0.4765625 per share dividend on the 7.625% series B cumulative redeemable perpetual preferred stock for the period from July 16, 2015 to October 15, 2015. The dividend will be payable on October 15, 2015 to shareholders of record as of October 2, 2015.

 

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