UP!

DFT $66.31   View long term graphs

DuPont Fabros Technology, Inc.
Industry Real estate investment trust
Fate Acquired by Digital Realty
Founded March 2, 2007; 10 years ago (March 2, 2007)
Defunct September 14, 2017; 57 days ago (September 14, 2017)
Headquarters Washington, D.C.
Key people
Christopher P. Eldredge, CEO
Lammot J. du Pont, Chairman
Jeffrey H. Foster, CFO
Products Data centers
Revenue Increase $0.528 billion (2016)
Net income
Increase $0.181 billion (2016)
Total assets Increase $3.034 billion (2016)
Total equity Increase $0.962 billion (2016)
Number of employees
122
Website www.dft.com

DuPont Fabros Technology, Inc. (DFT) was a real estate investment trust that invested in carrier-neutral data centers and provided colocation and peering services. In 2017, the company was acquired by Digital Realty.

As of December 31, 2016, the company owned 11 operating data center facilities comprising over 3.3 million net rentable square feet. Eight of the properties were in Northern Virginia, two were in Elk Grove Village, Illinois, and one was in Santa Clara, California.

The company leased space to companies, on a wholesale level, in which such companies rented space to build their own data centers.

The company had 32 customers and derived 92% of its revenue from its 15 largest customers. The company's largest customers included Microsoft (25.4% of revenue), Facebook (20.2% of revenue), Rackspace (9.0% of revenue), and Yahoo! (6.0% of revenue).

The company was co-founded by Lammot J. du Pont, an analyst for J.P. Morgan Chase and Hossein Fateh, a real estate developer in the Washington metro area.The company sought to acquire data centers that belonged to defunct internet service providers.

In 2004, the company's predecessor acquired 5 data centers from Savvis for $52 million in a leaseback transaction.

In 2005, the company's predecessor acquired a 230,000 square foot data center from AOL for $58.5 million.

On March 2, 2007, the company was incorporated as a real estate investment trust.

In October 2007, the company became a public company via an initial public offering that raised $640 million, the 7th largest initial public offering of a real estate investment trust at that time.

In early 2008, the company halted construction projects due to a lack of financing.

In 2009, the company was named as the fastest growing company in the Washington metro area by American City Business Journals.

In February 2011, Mohammed Mark Amin resigned from the board of directors and was replaced by John T. Roberts Jr.

In 2012, Hossein Fateh, the chief executive officer of the company, forgone his $450,000 salary in exchange for use of the company jet.

In 2012, the company reported that the volume of leasing was the largest in company history.

In May 2012, Mohammed Mark Amin, formerly a director of the company, was accused by the U.S. Securities and Exchange Commission of making a $618,000 profit as a result of insider trading in the company's securities.

In September 2014, the company opened a new data center in Ashburn, Virginia.

In February 2015, Christopher P. Eldredge was named chief executive officer of the company.

In March 2015, the company won the Brill Award For Data Center Design issued by Uptime Institute.

In March 2016, the company acquired a 46.7 acre parcel of land in Hillsboro, Oregon for $11.2 million.

In June 2016, the company sold a 38-acre data center in New Jersey to Quality Technology Services for $125 million.

In October 2016, the company acquired the former printing plant of the Toronto Star for C$54.25 million, with plans to convert it to a data center.

In May 2017, the company acquired a 56.5-acre undeveloped site in Mesa, Arizona with plans to construct a data center campus.

In September 2017, the company was acquired by Digital Realty.

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2017 2018-02-12 Future report Set alerts
Q3 2017 2017-10-26 Future report Set alerts
Q2 2017 2017-07-27 0.47 0.38
Q1 2017 2017-04-27 0.45 0.45
Q4 2016 2017-02-23 0.44 0.44
Q3 2016 2016-10-27 0.37 0.37
Q2 2016 2016-07-28 0.49 0.49
Q1 2016 2016-04-28 0.36 0.36
Q4 2015 2016-02-04 0.29 -1.23
Q3 2015 2015-10-29 0.29 0.29

Ratings

2016-07-07 Boost Price Target Citigroup Inc. Neutral $43.00 to $47.00
2016-07-06 Reiterated Rating Jefferies Group Hold $44.00
2016-06-17 Reiterated Rating Barclays Overweight $48.00 to $49.00
2016-06-17 Reiterated Rating Barclays PLC Overweight $48.00 to $49.00
2016-05-16 Reiterated Rating Jefferies Group Hold $42.00 to $44.00
2016-05-09 Reiterated Rating RBC Capital Sector Perform $37.00 to $44.00
2016-05-09 Reiterated Rating Royal Bank Of Canada Sector Perform $37.00 to $44.00
2016-04-08 Downgrade Janney Montgomery Scott Buy to Neutral $42.10 to $24.88
2016-04-04 Downgrade Citigroup Inc. Buy to Neutral $40.00
2016-03-22 Boost Price Target Barclays Overweight $42.00 to $45.00
2016-02-16 Boost Price Target Barclays Overweight $39.00 to $42.00
2016-02-09 Reiterated Rating Jefferies Hold $33.00 to $36.00
2016-02-09 Reiterated Rating Jefferies Group Hold $33.00 to $36.00
2016-02-08 Reiterated Rating Jefferies Group Hold
2016-02-02 Upgrade Evercore ISI Hold to Buy $37.00
2016-01-29 Reiterated Rating SunTrust Buy
2016-01-29 Reiterated Rating SunTrust Banks Inc. Buy
2015-11-24 Initiated Coverage SunTrust Buy $40.00
2015-11-13 Reiterated Rating Cowen and Company Outperform $42.00
2015-11-11 Initiated Coverage BB&T Corp. Hold $36.50
2015-10-27 Reiterated Rating Jefferies Group Hold $32.00 to $31.00
2015-10-20 Boost Price Target Barclays Overweight $38.00 to $39.00
2015-10-08 Initiated Coverage Janney Montgomery Scott Buy $32.00
2015-09-23 Reiterated Rating Macquarie Overweight $40.00
2015-09-22 Downgrade RBC Capital Outperform to Sector Perform $34.00 to $29.00
2015-08-11 Downgrade Robert W. Baird Outperform to Neutral $35.00 to $34.00
2015-07-31 Lower Price Target RBC Capital Outperform $36.00 to $34.00
2015-07-22 Reiterated Rating Jefferies Group Hold $32.00
2015-07-02 Upgrade Citigroup Inc. Neutral to Buy $33.00
2015-06-17 Reiterated Rating Cantor Fitzgerald Buy $36.00
2015-05-27 Upgrade Macquarie Neutral to Outperform $37.00 to $40.00
2015-05-18 Reiterated Rating Jefferies Group Hold $33.00
2015-05-08 Reiterated Rating Cantor Fitzgerald Buy $35.50
2015-04-24 Reiterated Rating Cowen and Company Outperform
2015-04-20 Lower Price Target Barclays Overweight $42.00 to $41.00
2015-03-27 Initiated Coverage Goldman Sachs Sell $29.00
2015-03-27 Initiated Coverage Goldman Sachs Group Inc. Sell $29.00
2015-02-24 Lower Price Target Barclays Overweight $43.00 to $42.00
2015-02-17 Reiterated Rating Jefferies Group Hold $36.00 to $33.00
2015-02-06 Reiterated Rating Cantor Fitzgerald Buy $35.50
2015-02-06 Set Price Target MLV & Co. Hold $33.00
2015-02-03 Downgrade Evercore ISI Buy to Hold $36.00 to $37.00
2015-02-02 Downgrade Macquarie Outperform to Neutral $36.00 to $40.00
2014-12-22 Downgrade KeyBanc Buy to Hold $19.00
2014-12-22 Downgrade KeyCorp Buy to Hold $19.00
2014-12-15 Boost Price Target Citigroup Inc. Neutral $28.50 to $33.00
2014-11-26 Boost Price Target Barclays Overweight $31.00 to $38.00
2014-11-20 Upgrade Macquarie Neutral to Outperform $36.00
2014-10-29 Reiterated Rating JPMorgan Chase & Co. Overweight $75.00 to $72.00
2014-09-18 Upgrade Evercore ISI Equal Weight to Overweight $30.00 to $33.00
2014-09-10 Initiated Coverage Stifel Nicolaus Hold
2014-07-31 Reiterated Rating Barclays Overweight $29.00 to $30.00
2014-07-28 Downgrade Citigroup Inc. Buy to Neutral
2014-07-23 Reiterated Rating JPMorgan Chase & Co. Neutral $74.00 to $67.00
2014-04-22 Lower Price Target Barclays Overweight $30.00 to $29.00
2014-04-21 Boost Price Target Deutsche Bank $70.00 to $75.00
2014-04-09 Boost Price Target Citigroup Inc. Buy $73.00 to $78.00
2014-04-06 Reiterated Rating Cowen and Company Outperform $31.00
2014-04-03 Initiated Coverage Cowen and Company Outperform $31.00
2014-03-24 Boost Price Target JPMorgan Chase & Co. $67.00 to $74.00
2014-03-10 Initiated Coverage Keefe, Bruyette & Woods Outperform
2014-03-10 Downgrade Jefferies Group Buy to Hold $29.00 to $25.00
2014-01-31 Lower Price Target RBC Capital $31.00 to $30.00
2014-01-29 Reiterated Rating Deutsche Bank Buy $70.00
2014-01-06 Upgrade Robert W. Baird Neutral to Outperform
2013-10-28 Boost Price Target Jefferies Group Buy $31.00
2013-10-28 Downgrade Robert W. Baird Outperform to Neutral $27.00 to $28.00
2013-07-26 Upgrade Robert W. Baird Neutral to Outperform $26 to $27
2013-02-07 Reiterated MLV & Co Hold $26 to $25
2012-02-15 Downgrade RBC Capital Mkts Outperform to Sector Perform $29 to $23
2011-03-14 Upgrade RBC Capital Mkts Outperform to Top Pick $30 to $32
2010-10-18 Upgrade FBR Capital Underperform to Outperform $26 to $27
2016-07-07 Boost Price Target Citigroup Inc. Neutral $43.00 to $47.00
2016-07-06 Reiterated Rating Jefferies Group Hold $44.00
2016-06-17 Reiterated Rating Barclays Overweight $48.00 to $49.00
2016-06-17 Reiterated Rating Barclays PLC Overweight $48.00 to $49.00
2016-05-16 Reiterated Rating Jefferies Group Hold $42.00 to $44.00

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

Major Shareholders

Name Relationship Total Shares Holding stocks
Wetzel Mark L Chief Financial Officer 0.17%  (113429) AVIV / DFT /
Doricko Brian D SVP, Chief Revenue Officer 0.02%  (15060) DFT /
Heiliger Jonathan G 0.02%  (10398) DFT / JIVE /

Comments