has reported results for the quarter ended June 30, 2015.
Highlights included:
• As of July 30, 2015, the operating portfolio excluding the newly opened CH2 Phase I was 96% leased and commenced as measured by computer room square feet and critical load (in megawatts).
- Quarterly Highlights, all previously reported other than one lease extension:
- Signed five leases totalling 12.26 MW and 67,561 CRSF.
- Extended three leases totalling 7.91 MW and 47,120 CRSF.
- Placed SC1 Phase IIB into service 100% leased, totalling 9.1 MW and 42,000 CRSF.
- Issued $250 million 8-year, 5.625% Senior Notes at 99.205%.
- Subsequent to the second quarter 2015:
- Placed CH2 Phase I into service 20% leased, totalling 7.1 MW and 45,000 CRSF.
- Increased capacity under the Line of Credit from US$560 million toUS$700 million.
The Washington-based real estate investment trust said it had funds from operations of US$57.1 million, or 70 cents per share, in the period. The company said it had net income of US$19.7 million and it posted revenue of US$113.8 million in the period.
Christopher Eldredge, President and Chief Executive Officer, said, “I am very proud of the leases executed in the second quarter, which totalled over 12 megawatts of critical load. Also, we have placed over 16 megawatts of new capacity into service since the end of the first quarter. All indications are that demand for our wholesale product will remain strong.”
