– Customers, Colleagues and Communities –
Another year into our journey –
CoreSite Realty Corporation (NYSE:COR) (the “Company” or
“CoreSite”), a premier provider of secure, reliable,
high-performance data center, cloud and interconnection solutions
in major U.S. metropolitan areas, today announced it has issued its
“2019 Corporate Sustainability Report,” which is posted on the
Company’s website.
“Customers, Colleagues, and Communities are three words to
describe how our business strategy intertwines with our
sustainability practices,” said Paul Szurek, CoreSite’s President
and Chief Executive Officer. “In our third Corporate Sustainability
Report, we summarize another year in our journey of being a
responsible steward for all of our stakeholders. We remain
committed to being a reliable partner, people centered, and
efficiency focused.”
2019 Corporate Sustainability Report
Highlights
Customers – CoreSite’s reliable and energy efficient data
centers
CoreSite provides superior reliability and seeks the least
carbon-intensive energy generation sources consistent with its
customers’ economic goals and options permitted in its markets. As
part of those objectives, CoreSite’s 2019 accomplishments include
–
- achieving “Eight 9s” of reliability across its platform of data
center facilities,
- improving 2019 Power Utilization Effectiveness by 4.8% on a
same-store basis compared to 2018, and
- decreasing our energy intensity per NRSF compared to 2018
despite increased energy consumption.
Colleagues – A culture of respect, responsibility,
transparency, innovation and operational excellence
CoreSite continues to shape its culture by empowering its
employees and valuing their diversity and leadership, ultimately
driving the Company’s success and that of our stakeholders. Key
metrics for 2019 include –
- being recognized as one of the top workplaces in the Bay Area
for 2019,
- decreasing voluntary attrition to 10.8% from 15.7% in 2018,
well below the U.S average of 14%, and
- increasing the percentage of veterans at CoreSite from 15% to
21%.
Communities – Rich ecosystem of customers that work
seamlessly together
CoreSite strives to enhance our strong data center ecosystems to
provide our community of customers with collaborative opportunities
in their IT journeys while engaging with our local communities.
Highlights from CoreSite’s community involvement in 2019 include
–
- providing 650 hours of volunteer service by our headquarter
employees,
- providing $48,000 worth of volunteer hours to Brother’s
Redevelopment Paint-A-Thon recipients, and
- designing and building a raised garden bed and horseshoe pits
for The VA Homeless Domiciliary.
In response to the coronavirus (“COVID-19”) pandemic, CoreSite
implemented a COVID-19 charitable donations matching program
resulting in approximately $305,000 donated to benefit the local
communities in each of our eight markets, specifically to support,
among other things, COVID-19 relief agencies, medical
organizations, food banks, and homelessness assistance efforts.
“The past several months have been challenging for all of us due
to the pandemic. At CoreSite, we have continued to prioritize the
safety, satisfaction and general welfare of our customers,
colleagues, and communities,” Paul Szurek stated.
About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure,
reliable, high-performance data center, cloud, and interconnection
solutions to a growing customer ecosystem across eight key North
American markets. More than 1,350 of the world’s leading
enterprises, network operators, cloud providers, and supporting
service providers choose CoreSite to connect, protect and optimize
their performance-sensitive data, applications and computing
workloads. Our scalable, flexible solutions and 450+ dedicated
employees consistently deliver unmatched data center options — all
of which leads to a best-in-class customer experience and lasting
relationships. 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 CoreSite’s control that may
cause actual results to differ significantly from those expressed
in any forward-looking statement. These risks include, without
limitation: the geographic concentration of the Company’s data
centers in certain markets and any adverse developments in local
economic conditions or the level of supply of or 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, including indirect competition from cloud service
providers; failure to obtain necessary outside financing; the
ability to service existing debt; the failure to qualify or
maintain its status as a REIT; financial market fluctuations;
changes in real estate and zoning laws and increases in real
property tax rates; the effects on our business operations, demand
for our services and general economic conditions resulting from the
spread of the Novel Coronavirus (“COVID-19”) in our markets, as
well as orders, directives and legislative action by local, state
and federal governments in response to such spread of COVID-19; 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 its most recent annual report on Form 10-K, and other
risks described in documents subsequently filed by the Company from
time to time with the Securities and Exchange Commission.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200930005938/en/
CoreSite Contact Kate Ruppe Investor Relations
303-222-7369 InvestorRelations@CoreSite.com
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