April 19, 2018 10:27 PM ET

Equity Real Estate Investment Trusts (REITs)

Company Overview of QTS Realty Trust, Inc.

Company Overview

QTS Realty Trust, Inc. (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of custom data center (C1), colocation (C2) and cloud and managed services (C3) provides flexible, scalable, secure IT solutions for web and IT applications. QTS' Critical Facilities Management (CFM) provides increased efficiency and greater performance for third-party data center owners and operators. QTS owns, operates or manages 25 data centers and supports more than 1,100 customers primarily in North America.

12851 Foster Street

Suite 205

Overland Park, KS 66213

United States

Founded in 2013

818 Employees



Key Executives for QTS Realty Trust, Inc.

QTS Realty Trust, Inc. does not have any Key Executives recorded.

QTS Realty Trust, Inc. Key Developments

QTS Realty Trust, Inc. Declares Series A Preferred Stock Dividend, Payable on April 16, 2018

QTS Realty Trust, Inc. announced that its Board of Directors has authorized a cash dividend of $0.14844 per share on its 7.125% Series A Cumulative Redeemable Perpetual Preferred Stock for the period from and including March 15, 2018, the date of issuance of the Series A Preferred Stock, and ending on April 14, 2018. The $0.14844 per share dividend is payable on April 16, 2018 to holders of Series A Preferred Stock of record at the close of business on April 5, 2018, which is equivalent to $1.78125 per annum per share. The $0.14844 per share dividend rate will be the first dividend paid to stockholders of Series A Preferred Stock.

QTS Realty Trust Renews Leases Representing 19 Megawatts with Two Hyperscale Anchor Tenants in Atlanta-Metro Data Center

QTS Realty Trust announced that it has signed lease extensions with two hyperscale anchor tenants in its Atlanta-Metro data center. The two leases represent 19 megawatts (MW) of aggregate capacity and were signed at pricing levels above pre-renewal rates. The renewals include a lease extension with a hyperscale tenant that was previously discussed. These two lease extensions together account for a significant portion of the total C1-Custom Data Center annualized rent that was subject to a lease scheduled to expire in 2018 as of the end of the fourth quarter 2017. These two lease renewals, combined with leasing activity year-to-date through March 14, 2018, extend QTS' weighted-average remaining C1-Custom Data Center lease term to approximately 48 months, pro forma as of December 31, 2017.

QTS Realty Trust Announces 24 Megawatt Lease with Global Cloud-Based Software Company

QTS Realty Trust announced that it has signed a 24 megawatt data center lease with a global cloud-based software company. As part of the lease agreement, the customer will lease the full 24 megawatt powered shell up front. The customer will also lease approximately five megawatts of turn-key data center capacity within the shell upon lease commencement. The customer is expected to sign future commitments, scaling to the full 24 megawatts of turn-key power capacity over approximately two years. The initial lease is expected to commence in the first quarter of 2019.

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Recent Private Companies Transactions

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