- DuPont Fabros Technology (NYSE:DFT) has gained 1.6% after Q4 earnings where it beat expectations and closed a record year for leasing.
- Revenues grew 22% and adjusted FFO/share rose 30%. Earnings of $0.44/share compared to a year-ago loss of $1.23/share (which included impact of $1.52/share impairment charge; excluding that meant a $0.15/share gain Y/Y).
- The year's financial results were "outstanding," says CEO Christopher Eldredge, and "2017 will be a year of robust development for the Company, and we are bullish on our pre-leasing prospects given the strength of our sales funnel.”
- The operating portfolio is 99% leased and commenced, the company says, and 29% of properties in development have been pre-leased.
- For Q1, it's guiding to GAAP EPS of $0.45-$0.47 (above consensus for $0.44), and normalized FFO/share of $0.76-$0.78 (vs. consensus for $0.76).
- Press Release