CoreSite Realty (COR) Reports In-Line Q2 FFO

CoreSite Realty (NYSE: COR) reported Q2 FFO of $0.51, in-line with the analyst estimate of $0.51. Revenue for the quarter came in at $65.7 million versus the consensus estimate of $64.95 million.

Tom Ray, CoreSite’s Chief Executive Officer, commented, “Our second-quarter financial results reflect continued systematic execution of our business plan.” Mr. Ray continued, “We are pleased at the continued progress of our sales and marketing teams, with new and expansion sales of turn-key data center capacity for the quarter representing our highest volume since we became a public company. Second-quarter sales production reflects the execution of a large lease in the Bay Area and strong leasing across the remainder of the portfolio led by Los Angeles, Boston, and Northern Virginia.”

For earnings history and earnings-related data on CoreSite Realty (COR) click here.

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