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CoreSite Realty Corp (COR) Q1 2021 Earnings Call Transcript


CoreSite Realty Corp (COR) Q1 2021 Earnings Call Transcript
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CoreSite Realty Corp (NYSE: COR)
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Greetings, and welcome to the CoreSite Realty s First Quarter 2021 Earnings Call. [Operator Instructions]
I would now like to turn the conference over to your host, Kate Ruppe, Manager of Investor reasons. Please go ahead.SPONSORED:
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CoreSite: Q1 Earnings Snapshot


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DENVER CoreSite Realty Corp. (COR) on Thursday reported a key measure of profitability in its first quarter. The results surpassed Wall Street expectations.
The Denver-based real estate investment trust said it had funds from operations of $67.8 million, or $1.40 per share, in the period.
The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of $1.33 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $21.9 million, or 51 cents per share.
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The operator of large computing warehouses posted revenue of $157.6 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $157 million. ....

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