OverviewSuggest Edit

CoreSite Realty is a company that delivers data center solutions and interconnection services. It connects, protects and optimizes data, applications and computing workloads. The Company serves enterprises, network operators, cloud providers and supporting service providers.  
TypePublic
Founded2001
HQDenver, US
Websitecoresite.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2018)454(-2%)
Job Openings4
Revenue (FY, 2018)$544.4 M(+13%)
Share Price (Dec 2019)$113

Key People/Management at CoreSite Realty

Paul Szurek

Paul Szurek

President & CEO
Jeff Finnin

Jeff Finnin

CFO
Juan Font

Juan Font

SVP, General Management
Steven Smith

Steven Smith

CRO
Maile Kaiser

Maile Kaiser

SVP, Sales
Anthony Hatzenbuehler

Anthony Hatzenbuehler

SVP, Data Center Operations
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CoreSite Realty Office Locations

CoreSite Realty has offices in Denver, Boston, Chicago, Los Angeles and in 3 other locations
Denver, US (HQ)
1001 17th St #500
Show all (8)

CoreSite Realty Financials and Metrics

CoreSite Realty Revenue

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View revenue for all periods
CoreSite Realty's revenue was reported to be $544.39 m in FY, 2018 which is a 13% increase from the previous period.
USD

Revenue (Q3, 2019)

144.9m

Gross profit (Q3, 2019)

98.7m

Gross profit margin (Q3, 2019), %

68.1%

Net income (Q3, 2019)

22.6m

EBIT (Q3, 2019)

33.6m

Market capitalization (6-Dec-2019)

4.3b

Closing stock price (6-Dec-2019)

113.0

Cash (30-Sept-2019)

4.7m

EV

5.6b
CoreSite Realty's current market capitalization is $4.3 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

400.4m481.8m544.4m

Revenue growth, %

20%13%

Cost of goods sold

121.5m147.7m171.6m

Gross profit

278.9m334.1m372.8m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

114.9m117.9m123.1m129.6m136.4m139.2m138.9m142.9m144.9m

Cost of goods sold

33.7m35.6m39.7m38.8m42.6m45.9m44.3m44.1m46.2m

Gross profit

81.2m82.3m83.4m90.8m93.9m93.3m94.6m98.9m98.7m

Gross profit Margin, %

71%70%68%70%69%67%68%69%68%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

4.4m5.2m2.6m

Accounts Receivable

25.1m28.9m18.5m

PP&E

1.3b1.3b1.5b

Goodwill

41.2m40.6m40.6m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

2.4m22.3m4.7m3.1m2.8m5.3m2.3m2.8m4.7m

Accounts Receivable

21.4m21.6m28.0m25.1m25.1m24.5m26.1m29.8m26.3m

PP&E

1.3b1.3b1.3b1.4b1.4b1.4b1.6b1.6b1.7b

Goodwill

41.2m40.6m40.6m40.6m40.6m40.6m40.6m40.6m40.6m
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

81.9m100.5m106.8m

Depreciation and Amortization

108.7m129.3m141.6m

Accounts Payable

4.9m1.2m3.5m

Cash From Operating Activities

170.5m209.4m258.8m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

25.1m49.2m73.5m28.6m55.8m80.9m25.9m51.6m74.3m

Depreciation and Amortization

32.3m64.5m96.6m33.8m69.3m105.6m35.6m72.6m113.2m

Accounts Payable

846.0k990.0k3.8m(2.0m)(341.0k)6.3m2.8m6.9m15.8m

Cash From Operating Activities

50.9m105.9m151.0m58.3m124.4m188.7m55.9m115.4m187.7m
USDY, 2019

EV/EBIT

167.5 x

EV/CFO

30 x

Debt/Equity

5.7 x

Debt/Assets

0.7 x

Financial Leverage

8.4 x
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CoreSite Realty Operating Metrics

FY, 2016FY, 2017FY, 2018

NRSF, BO1 (Data Center Operating, Boston)

180.06 k193.79 k193.79 k

NRSF, LA2 (Development, Los Angeles)

127.20 k117.03 k28.19 k

NRSF, Reston Office and Light-Industrial (Data Center Operating)

178.71 k150.38 k126.70 k

NRSF, Santa Clara campus (Data Center Operating Stabilized, San Francisco)

538.62 k538.62 k615.50 k
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CoreSite Realty Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Colo 6, LLC
Comfluent Acquisition, L.L.C.
CoreSite 1099 14th Street NW, L.L.C.
CoreSite 1275 K Street, L.L.C.
CoreSite 32 Avenue of the Americas, L.L.C.
CoreSite Data Center Services, Inc.
CoreSite Denver, L.L.C.
CoreSite Development Services, Inc.
CoreSite, L.L.C.
CoreSite, L.P.
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CoreSite Realty Revenue Breakdown

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CoreSite Realty revenue breakdown by business segment: 85.1% from Rental, Power, and Related Revenue, 12.8% from Interconnection Revenue and 2.1% from Other

CoreSite Realty Online and Social Media Presence

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CoreSite Realty News and Updates

CoreSite Realty Blogs

CoreSite Realty Corporation Schedules Third-Quarter 2018 Earnings Release and Conference Call

CoreSite Realty Corporation Schedules Third-Quarter 2018 Earnings Release and Conference Call Content Import Tue, 09/25/2018 - 07:01 CoreSite Realty Corporation Schedules Third-Quarter 2018 Earnings Release and Conference Call Sep 25, 2018 This release is a backfill f…

CoreSite Receives Final Approval to Expand Planned Development at Its Reston, Virginia Data Center Campus

CoreSite can now build an incremental 50 megawatts of capacity in Reston to support demand DENVER --(BUSINESS WIRE)--Aug. 9, 2018-- CoreSite Realty Corporation (NYSE:COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today

CoreSite to Present at the Cowen and Company 4th Annual Communications Infrastructure Summit

DENVER --(BUSINESS WIRE)--Aug. 2, 2018-- 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 Steve Smith , Chief Revenue Officer, will present at the Cowen and Company 4 th

CoreSite Realty Corporation Announces Sale of Common Stock by The Carlyle Group

DENVER --(BUSINESS WIRE)--Jul. 30, 2018-- CoreSite Realty Corporation (NYSE:COR) (“CoreSite”), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced the sale of 2,250,000 shares of its common stock by investment funds

Maile Kaiser

Maile Kaiser william.meady@… Thu, 07/26/2018 - 07:17 Maile Kaiser Senior Vice President of Sales Full Bio

CoreSite Reports Second-Quarter 2018 Financial Results Reflecting Revenue Growth of 15.7% Year over Year

DENVER --(BUSINESS WIRE)--Jul. 26, 2018-- 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, 2018 .
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CoreSite Realty Frequently Asked Questions

  • When was CoreSite Realty founded?

    CoreSite Realty was founded in 2001.

  • Who are CoreSite Realty key executives?

    CoreSite Realty's key executives are Paul Szurek, Jeff Finnin and Juan Font.

  • How many employees does CoreSite Realty have?

    CoreSite Realty has 454 employees.

  • What is CoreSite Realty revenue?

    Latest CoreSite Realty annual revenue is $544.4 m.

  • What is CoreSite Realty revenue per employee?

    Latest CoreSite Realty revenue per employee is $1.2 m.

  • Who are CoreSite Realty competitors?

    Competitors of CoreSite Realty include Switch, Internap and Computacenter.

  • Where is CoreSite Realty headquarters?

    CoreSite Realty headquarters is located at 1001 17th St #500, Denver.

  • Where are CoreSite Realty offices?

    CoreSite Realty has offices in Denver, Boston, Chicago, Los Angeles and in 3 other locations.

  • How many offices does CoreSite Realty have?

    CoreSite Realty has 8 offices.