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CoreSite Realty Corporation
Type
Public company
Traded as NYSE: COR
S&P 400 component
Industry Real estate investment trust
Founded 2001; 16 years ago (2001)
Headquarters Denver, Colorado
Key people
Robert G. Stuckey, Chairman
Paul E. Szurek, President & CEO
Jeffrey S. Finnin, CFO
Products Data Centers
Revenue Increase $0.400 billion (2016)
Net income
Increase $0.081 billion (2016)
Total assets Increase $1.451 billion (2016)
Total equity Decrease $0.597 billion (2016)
Owner The Carlyle Group (28.9%)
Number of employees
422 (2016)
Website www.coresite.com

CoreSite Realty Corporation is a real estate investment trust that invests in carrier-neutral data centers and provides colocation and peering services.

As of December 31, 2016, the company owned 20 operating data center facilities in 8 markets comprising over 3.5 million net rentable square feet. The properties are in Boston, Chicago, Denver, Los Angeles, Miami, New York City, Northern Virginia, San Francisco/San Jose, California, Santa Clara, California, and the Washington DC areas.

The company has over 1,000 customers including enterprises, network operators, cloud providers, and supporting service providers.

The company was founded in 2001 as CRG West at two of the West coast's original carrier hotels: Market Post Tower and One Wilshire.

In August 2005, the company opened a facility in Washington, D.C.

In May 2007, the company acquired properties in Boston and Chicago.

In September 2007, the company announced the expansion of services at its Los Angeles facility.

In November 2007, the company announced the expansion of services at its Miami facility.

In January 2008, the company acquired a data center in Reston, Virginia.

In June 2009, the company changed its name to CoreSite.

In September 2010, the company became a public company via an initial public offering.

In April 2012, the company acquired Comfluent and entered the Denver market.

In May 2016, The Carlyle Group reduced its effective interest in the company to 28.9%.

In July 2016, Tom Ray, the chief executive officer of the company, retired.

In August 2016, the company announced the expansion of services at its Reston, Virginia facility in conjunction with the $60 million acquisition of the 22-acre Sunrise Technology Park from Brookfield Office Properties.

In February 2017, the company announced the expansion of services at its Washington, D.C. facility.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-04 Future report Set alerts
Q3 2020 2020-10-29 Future report Set alerts
Q2 2020 2020-07-30 0.52 0.52
Q1 2020 2020-04-30 0.48 0.48
Q4 2019 2020-02-06 0.51 0.51
Q3 2019 2019-10-31 0.47 0.47
Q2 2019 2019-07-24 0.53 0.53
Q1 2019 2019-04-24 0.54 0.54
Q4 2018 2019-02-06 0.54 0.54
Q3 2018 2018-10-25 0.52 0.52

Ratings

2016-07-11 Downgrade Stifel Nicolaus Hold to Sell $79.00
2016-07-07 Boost Price Target Citigroup Inc. Neutral $75.00 to $88.00
2016-06-07 Initiated Coverage Canaccord Genuity Buy $92.00
2016-04-29 Downgrade Stephens Overweight to Equal Weight
2016-02-17 Reiterated Rating Jefferies Buy $68.00 to $71.00
2016-02-17 Reiterated Rating Jefferies Group Buy $68.00 to $71.00
2016-02-16 Boost Price Target RBC Capital Outperform $64.00 to $70.00
2016-02-16 Boost Price Target Jefferies Group Buy $68.00 to $71.00
2016-02-16 Boost Price Target Royal Bank Of Canada Outperform $64.00 to $70.00
2015-11-11 Initiated Coverage BB&T Corp. Average to Buy $65.50
2015-10-26 Reiterated Rating RBC Capital Outperform $57.00 to $64.00
2015-10-23 Boost Price Target Cowen and Company Market Perform $55.00 to $60.00
2015-08-25 Upgrade Jefferies Group Hold to Buy $50.00 to $60.00
2015-07-25 Reiterated Rating RBC Capital Buy
2015-07-24 Boost Price Target RBC Capital Outperform $54.00 to $57.00
2015-07-02 Boost Price Target Robert W. Baird $55.00 to $56.00
2015-06-16 Boost Price Target Cantor Fitzgerald Hold $40.00 to $46.00
2015-05-18 Reiterated Rating Jefferies Group Hold $50.00
2015-04-24 Reiterated Rating Cowen and Company Market Perform
2015-04-16 Reiterated Rating Evercore Partners Inc. Buy to Hold $50.00 to $51.00
2015-04-16 Downgrade Evercore ISI Buy to Hold $50.00 to $51.00
2015-02-25 Reiterated Rating Citigroup Inc. Hold $38.00 to $47.00
2015-02-13 Reiterated Rating Cantor Fitzgerald Hold $38.00
2015-02-13 Boost Price Target RBC Capital Buy $40.00 to $50.00
2015-02-13 Upgrade Stephens Equal Weight to Overweight
2015-02-12 Set Price Target MLV & Co. Buy $51.00
2015-02-10 Upgrade Bank of America Neutral to Buy $40.00 to $48.00
2015-02-10 Upgrade Bank of America Corp. Neutral to Buy $40.00 to $48.00
2014-09-10 Initiated Coverage Stifel Nicolaus Hold
2014-07-24 Reiterated MLV & Co Buy $38 to $40
2014-07-24 Boost Price Target RBC Capital Outperform $38.00 to $40.00
2014-07-24 Boost Price Target MLV & Co. Buy $38.00 to $40.00
2014-05-29 Upgrade Cantor Fitzgerald Sell to Hold
2014-04-04 Initiated Coverage Cowen and Company Market Perform $33.00
2014-04-03 Initiated Coverage Cowen and Company Market Perform $33.00
2014-02-20 Lower Price Target RBC Capital $41.00 to $38.00
2013-12-04 Upgrade Evercore ISI Equal Weight to Overweight $40.00 to $35.00
2013-11-05 Reiterated Rating Bank of America Hold $38.00
2013-11-05 Lower Price Target Jefferies Group Hold $36.00 to $35.00
2013-10-22 Downgrade Jefferies Group Buy to Hold $36.00
2013-10-16 Downgrade Bank of America Buy to Neutral $38.00
2013-04-29 Reiterated MLV & Co Buy $38 to $39
2013-04-05 Downgrade Cantor Fitzgerald Hold to Sell
2013-01-15 Initiated Robert W. Baird Outperform $35
2012-12-13 Initiated MLV & Co Buy $31
2012-12-05 Reiterated Cantor Fitzgerald Hold $28 to $28.50
2012-08-23 Downgrade Cantor Fitzgerald Buy to Hold $28
2011-01-14 Initiated Stifel Nicolaus Hold
2010-12-16 Initiated KeyBanc Capital Mkts Buy $16
2016-07-11 Downgrade Stifel Nicolaus Hold to Sell $79.00
2016-07-07 Boost Price Target Citigroup Inc. Neutral $75.00 to $88.00
2016-06-07 Initiated Coverage Canaccord Genuity Buy $92.00
2016-04-29 Downgrade Stephens Overweight to Equal Weight
2016-02-17 Reiterated Rating Jefferies Buy $68.00 to $71.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Ray Thomas M. President and CEO 1.81%  (391186) COR /
Appleby Jarrett Chief Operating Officer 0.69%  (149028) COR / DLR /
Szurek Paul E. 0.49%  (106416) COR / FCPT /
Finnin Jeffrey S CFO and Treasurer 0.36%  (78018) COR /
Haggard Billie R. SVP, Data Centers 0.29%  (62678) COR /
Smith Steven James SVP, Sales 0.22%  (47936) COR /
Rockwood Robert K. SVP & General Manager 0.18%  (39868) COR /
Warren Brian SVP, Products & Marketing 0.18%  (38623) COR /
McCandless Derek General Counsel and SVP, Legal 0.17%  (37468) COR /
Tobin Dominic M. SVP, Operations 0.14%  (31111) COR /
Font Juan SVP, General Management 0.09%  (18527) COR /
Jones Mark R Chief Accounting Officer 0.08%  (17421) COR /
Ancell Christopher K SVP, Sales 0.08%  (16813) COR /
WILSON DAVID A 0.03%  (7500) BKS / COR /
Thompson John David 0.02%  (5212) COR / WU /

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