CoreSite Realty Corporation Declares Fourth Quarter Dividend
December 08 2011 - 9:29AM
Business Wire
CoreSite Realty Corporation (NYSE: COR), a national provider of
powerful, network-rich data centers, today announced that its Board
of Directors declared a dividend of $0.18 per share on common stock
and common stock equivalents for the fourth quarter of 2011. This
increase represents a $0.05 increase from the previous quarterly
dividend rate of $0.13 per share.
The dividend will be paid on January 17, 2012 to stockholders of
record on December 30, 2011.
CoreSite’s Chief Executive Officer, Tom Ray stated, “CoreSite is
pleased to announce that our Board of Directors has raised
CoreSite’s quarterly dividend. This increase reflects the strength
of our operating model and our view of our market opportunity. We
remain focused upon the systematic execution of our business plan
and look forward to entering 2012 with accelerating momentum.”
About CoreSite
CoreSite Realty Corporation (NYSE: COR) is a national provider
of powerful, network-rich data centers, efficient interconnection
services, and global peering opportunities. More than 700 customers
such as Global 1000 enterprises, communications providers, cloud
and content companies, financial firms, media and entertainment,
healthcare, and Government agencies trust CoreSite to power, cool,
connect, and secure their mission-critical IT assets. CoreSite data
centers are catalysts for network growth, featuring established
industry ecosystems with access to 200+ carriers and service
providers resulting in more than 12,000 interconnections under
management. The company tailors its data center product to unique
customer requirements by way of a flexible offering that includes
cage-to-cabinet colocation, private data centers and suites, and a
responsive customer service and support infrastructure. CoreSite's
portfolio comprises more than two million square feet, including
space held for redevelopment and development, across 12 data
centers in seven key U.S. economic centers. For more information,
visit www.CoreSite.com.
Forward Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “believes,” “expects,”
“may,” “will,” “should,” “seeks,” “approximately,” “intends,”
“plans,” “pro forma,” “estimates” or “anticipates” or the negative
of these words and phrases or similar words or phrases that are
predictions of or indicate future events or trends and that do not
relate solely to historical matters. Forward-looking statements
involve known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond the Company’s control, that
may cause actual results to differ significantly from those
expressed in any forward-looking statement. These risks include,
without limitation: the timely completion of planned construction,
geographic concentration of the Company’s data centers in certain
markets and any adverse developments in local economic conditions
or the demand for data center space in these markets; fluctuations
in interest rates and increased operating costs; difficulties in
identifying properties to acquire and completing acquisitions;
significant industry competition; the Company’s failure to obtain
necessary outside financing; the Company’s failure to qualify or
maintain our status as a REIT; financial market fluctuations;
changes in real estate and zoning laws and increases in real
property tax rates; and other factors affecting the real estate
industry generally. All forward-looking statements reflect the
Company’s good faith beliefs, assumptions and expectations, but
they are not guarantees of future performance. Furthermore, the
Company disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, of new information, data or methods, future
events or other changes. For a further discussion of these and
other factors that could cause the Company’s future results to
differ materially from any forward-looking statements, see the
section entitled “Risk Factors” in the Company’s Annual Report on
Form 10-K for the year ended December 31, 2010 and other risks
described in documents subsequently filed by the Company from time
to time with the Securities and Exchange Commission.
Cencora (NYSE:COR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cencora (NYSE:COR)
Historical Stock Chart
From Jul 2023 to Jul 2024