- DuPont Fabros (NYSE:DFT) is off 2% as Q2 earnings missed slightly despite in-line funds from operations.
- Revenue grew nearly 12% from the prior year, though EPS of $0.30 missed by a penny and EBITDA of $67.1M missed an expected $68.9M.
- As of today, the company says its operating portfolio, excluding newly open CH2 Phase I, was 96% leased and commenced. This month CH2 Phase I was put into service 20% leased.
- YTD, the company has signed seven leases with a weighted average lease term of 7.1 years, expected to generate about $16.5M of annualized GAAP base rent revenue; and commenced nine leases totaling 18.32 MW.
- The company increased the size of a credit line to $700M from $560M this month, but all $700M is available for use.
- The company's bumping up guidance on 2015 normalized FFO by $0.03, to a range of $2.38-$2.48/share. It's lowered the midpoint of Q3 normalized FFO to $0.59-$0.62.
- Conference call to come at 1 p.m. ET.
- Press Release