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CoreSite Realty in high cotton

Feb. 12, 2015 8:49 AM ETAmerican Tower Corporation (AMT) StockAMTBy: Stephen Alpher, SA News Editor
  • Q4 FFO of $29M up 25.5% Y/Y, FFO per share of $0.61 up 24.5%.
  • 2015 guidance: FFO per share of $2.55-$2.65 vs. $2.22 for 2014.
  • Executed 91.7K net rentable square feet of new and expansion data center leases at a rate of $121 per square foot.
  • Rent growth on signed renewals of 2.6% on a cash basis, 5.2% on a GAAP basis. Rental churn of 1.4%.
  • Conference call at 12 ET
  • Previously: CoreSite Realty beats by $0.05, beats on revenue (Feb. 12)
  • COR flat premarket

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