Cencora Inc. Stock Price, News & Analysis

CoreSite Realty Corporation (NYSE:COR) announced a new offering of direct fiber and virtual connectivity to Microsoft Azure ExpressRoute at its Chicago campus. This development enables enhanced low latency and security for enterprise customers by providing direct access to Microsoft’s global network. The integration with CoreSite’s Open Cloud Exchange allows for flexible and rapid connectivity options. Additionally, CoreSite opened its new CH2 data center in Chicago, designed for 18 megawatts of IT capacity, and received a 10.25% tax incentive for eligible customers under Illinois’ Data Center Investment Program.

CoreSite Realty Corporation (NYSE:COR) announced a cash dividend of $1.23 per share on common stock for Q1 2021, maintaining the same rate as the previous quarter. The dividend will be paid on April 15, 2021, to shareholders on record as of March 31, 2021.

CoreSite operates in major U.S. metropolitan areas, providing secure, high-performance data center, cloud access, and interconnection solutions to over 1,375 leading enterprises and network operators, emphasizing a strong customer-focused approach.

CoreSite Realty Corporation (NYSE:COR) announced the launch of VMware Cloud on Dell EMC, a managed infrastructure service that enhances digital transformation for enterprises. This solution, available across CoreSite’s data centers, simplifies hybrid IT environments and addresses challenges like unpredictable data growth and security. It is designed to support modern applications with low latency and data sovereignty needs, leveraging a predictable OpEx model. The collaboration aims to streamline operations, accelerate innovation, and reduce overall costs for enterprises.

CoreSite Realty Corporation (NYSE:COR) announced its participation in two upcoming virtual investor conferences. The first event is the Raymond James 42nd Annual Institutional Investors Conference on March 1st, where CFO Jeff Finnin will present at 10:50 a.m. ET. The second conference is the 2021 Virtual Citi Global Property CEO Conference on March 10th, with CEO Paul Szurek presenting at 2:45 p.m. ET. Investors can access the live presentations via the Investor Relations section of CoreSite’s website, www.CoreSite.com, where replays will also be available.

CoreSite Realty Corporation (NYSE:COR) reported strong financial results for 2020, with operating revenues of $606.8 million, up 6.0% year-over-year. However, net income per share decreased by $0.10 to $1.95. Adjusted EBITDA rose 5.3% to $324.5 million, and Funds From Operations (FFO) increased 4.1% to $5.31 per diluted share. The company signed a record $37.6 million in annualized GAAP rent and delivered 192,000 net rentable square feet of data center capacity. For 2021, CoreSite projects revenue between $642 million and $652 million, indicating continued growth.

CoreSite Realty Corporation (NYSE:COR) has announced the appointment of Michael Millegan as an independent director effective February 1, 2021. Millegan, founder of Millegan Advisory Group 3 LLC, brings extensive experience from his tenure as President of Verizon Global Wholesale and serves on multiple boards, including Portland General Electric Company. Additionally, long-serving directors James A. Attwood, Jr. and J. David Thompson will not seek reelection at the upcoming Annual Meeting on May 19, 2021, marking a transition in leadership.

CoreSite Realty Corporation (NYSE:COR) announced the launch of direct fiber connectivity to Google Cloud via Dedicated Interconnect at its Reston, Virginia data center. This addition enhances enterprise-grade connectivity options, addressing the needs for high data processing and low-latency connections. The company also expanded its internet peering capabilities to include Google Cloud, providing greater flexibility for customers with multi-cloud architectures. Overall, these moves aim to increase customer choice and value while improving access to Google Cloud services across multiple locations.

CoreSite Realty Corporation (NYSE:COR) announced the federal income tax allocation for its 2020 common stock distributions. In total, 64.2667% of distributions are taxable ordinary dividends, while 35.7333% are non-dividend distributions. For the year, the total distribution per share was $4.88, with taxable ordinary dividends amounting to $3.136216. The tax return for 2020 has yet to be filed, leading to potential variances in tax treatment compared to federal rules. Shareholders are advised to consult tax advisors for individual tax implications.

CoreSite Realty Corporation (NYSE:COR) has scheduled its fourth quarter 2020 earnings conference call on February 4, 2021, at 12:00 p.m. Eastern Time. Financial results will be released prior to market open on the same day. Investors can access the call by dialing 1-877-407-3982 (domestic) or 1-201-493-6780 (international). A replay will be available until February 11, 2021, through designated phone numbers and online. CoreSite provides high-performance data center, cloud, and interconnection solutions across eight major North American markets, serving over 1,350 customers.