QTS Realty Trust (QTS) Misses Q4 EPS by 32c, Revenues Beat; Offers FY21 Revenue Outlook

QTS Realty Trust (NYSE: QTS) reported Q4 EPS of ($0.33), $0.32 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $143.9 million versus the consensus estimate of $139.92 million.

"QTS delivered our strongest year of performance in 2020, including closing out the year with the largest quarterly leasing performance in our history. We continue to experience strong execution against our long-term strategy, capitalizing on core differentiators to win market share at attractive returns and deliver consistent growth in shareholder value," said Chad Williams, Chairman and CEO of QTS.

Williams added, "Our performance during 2020 is a testament to the strength of the QTS culture. I\'d like to thank our QTS employees for their continued resiliency and commitment to delivering world-class service to our customers and surrounding communities. As we head into 2021 with a record booked-not-billed backlog and capital plan that is largely funded, QTS is well-positioned to drive continued growth and consistent performance."

GUIDANCE:

QTS Realty Trust sees FY2021 revenue of $599-613 million, versus the consensus of $602.3 million.

For earnings history and earnings-related data on QTS Realty Trust (QTS) click here.

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