CoreSite Realty (COR) Tops Q1 EPS by 3c, Maintains FY15 Guidance

CoreSite Realty (NYSE: COR) reported Q1 EPS of $0.64, $0.03 better than the analyst estimate of $0.61. Revenue for the quarter came in at $74.8 million versus the consensus estimate of $75.03 million.

CoreSite is maintaining its 2015 guidance of FFO per diluted share and unit in the range of $2.55 to $2.65. In addition, CoreSite is maintaining its 2015 guidance for net income attributable to common shares in the range of $0.75 to $0.85 per diluted share, with the difference between FFO and net income being real estate depreciation and amortization.

CoreSite is increasing its guidance for 2015 total capital expenditures by $30 million to a range of $115 million to $145 million to primarily reflect the development of the powered shell build-to-suit data center on its Santa Clara campus

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

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