CoreSite Realty Corporation COR, a national provider of powerful, network-rich data centers, today announced financial results for the fourth quarter 2010.
Highlights:
Reported FFO of $0.25 per diluted share for the quarter ended December 31, 2010
Signed 33,135 NRSF of new and expansion data center leases during the quarter
Achieved an 89.0% retention ratio and an 18.6% average increase in renewal rental rates
Completed construction on 20,955 NRSF of data center space
Commenced construction on 52,286 NRSF of data center space in Northern Virginia
Received entitlements to develop up to 496,250 NRSF of data center space in Santa Clara, which includes completed space at 2901 Coronado and space under construction at 2972 Stender
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