CoreSite Realty (COR) Tops Q2 FFO by 3c; New CEO Named

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Go back to CoreSite Realty (COR) Tops Q2 FFO by 3c; New CEO Named

CoreSite Realty Corporation Announces Executive Leadership Transition

July 28, 2016 6:55 AM EDT

Tom Ray to Retire Effective September 10, 2016

Paul Szurek, Lead Independent Director, to Succeed Tom Ray as President and CEO

DENVER--(BUSINESS WIRE)-- CoreSite Realty Corporation (NYSE: COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced that Tom Ray is retiring from the Company and that its Board of Directors has appointed Paul Szurek as President and Chief Executive Officer. Mr. Szurek, who has been CoreSites lead independent director since September 2010, will assume the... More

CoreSite Reports Second-Quarter Revenue and FFO per Share Growth of 18% and 31% Year over Year, Respectively

July 28, 2016 6:50 AM EDT

Second-quarter net income per share of $0.37 increased 68% year over year

DENVER--(BUSINESS WIRE)-- CoreSite Realty Corporation (NYSE: COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced financial results for the second quarter ended June 30, 2016.

Quarterly Highlights

Reported second-quarter net income per diluted share of $0.37, representing 68.2% growth year over year Reported second-quarter funds from operations (FFO) of $0.89 per diluted share and unit, representing 30.9% growth year over year Reported... More