Ex Dividend Date 3/28/2019
Annualized Dividend $ 1.84
Dividend Payment Date 4/12/2019
Current Yield 3.49 %
Earnings Date May 1, 2019
CyrusOne (CONE) has set the stage for growth in 2020 and beyond, with outsized potential to generate returns in the double digits. CONE is a high-growth data center REIT specializing in highly reliable, enterprise-class, carrier-neutral data center properties in more than 45 locations mission-critical facilities worldwide that protect and ensure continued IT infrastructure operation for approximately 1,000 customers - including over 210 of the Fortune 1000. Their strong balance sheet is helped by S&P’s credit upgrade (last September), giving the company significant financial flexibility and capacity to fund growth: With no near-term debt maturities, debt fully unsecured, and liquidity of approximately $1.6 billion.
CONE’s 2018 was a record leasing year, with the portfolio increasing 30%, signing 103 megawatts, or $153 million, in annualized GAAP revenue - up nearly 50% from 2017. The backlog at the end of 2018 totaled $54 million (equivalent to the entire size of CyrusOne at the 2013 IPO). In Q4-18, normalized FFO (funds from operations) of 86 cents per share beat the estimate of 82 cents, while revenue of $221.3 million missed the consensus $223.5 million. This year’s guidance lowers normalized FFO per share ($3.10-$3.20) vs. $3.31 achieved during 2018. The $20 million in annualized revenue signed during Q4-18 was nearly 15% higher than prior year period bookings.
Showing posts with label CONE. Show all posts
Showing posts with label CONE. Show all posts
Wednesday, April 3, 2019
Friday, October 20, 2017
CyrusOne (CONE)
Data center REIT. The company owns 35 operating data center facilities in 11 markets.
- Headquarters: Dallas, TX
- Founded 2001; IPO in Jan 2013
- cyrusone.com
Description
CyrusOne Inc. is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company's data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond. The Company has data centers in the United States, London and Singapore. As of December 31, 2016, the Company provided mission-critical data center facilities for 932 customers in 35 data centers and two recovery centers in 11 distinct markets (nine cities in the United States, London and Singapore) with approximately 3,904,000 net rentable square feet (NRSF). The Company provides round the clock security guard monitoring with customizable security features. As of December 31, 2016, the Company had approximately 1,657,000 NRSF under development.
Key stats and ratios
| Q2 (Jun '17) | 2016 | |
| Net profit margin | -0.48% | 3.76% |
| Operating margin | 9.83% | 13.32% |
| EBITD margin | - | 49.90% |
| Return on average assets | -0.09% | 0.79% |
| Return on average equity | -0.29% | 1.94% |
| Employees | 380 |
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