QTS Reports First Quarter 2021 Operating Results

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QTS Realty Trust (QTS) Misses Q1 EPS by 6c, Revenues Beat; Raises FY21 Revenues Outlook

April 27, 2021 4:31 PM EDT

QTS Realty Trust (NYSE: QTS) reported Q1 EPS of ($0.07), $0.06 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $148.73 million versus the consensus estimate of $145.14 million.

"We are pleased to start the year with a strong performance during the first quarter with leasing momentum and a largely pre-leased development plan that materially de-risks our financial performance for the balance of the year," said Chad Williams, Chairman and CEO of QTS.

Williams added, "The acceleration we have seen in our signed leasing activity and funnel across our target customer verticals... More