Coresite realty corp (COR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10
Data center revenue:
Rental revenue

-

-

-

124,130

-

-

-

119,025

-

-

106,867

64,853

64,251

61,106

54,219

52,364

50,371

50,018

47,135

44,824

41,323

39,142

38,315

36,938

34,899

33,988

33,428

32,355

31,309

24,309

31,603

30,604

29,630

21,916

27,616

26,707

25,210

24,428

9,348

8,776

Interconnection revenue

20,085

19,477

19,082

18,776

18,416

18,026

17,701

17,422

16,560

16,255

16,201

15,325

14,512

13,984

13,374

12,977

12,742

12,024

11,400

10,595

10,215

9,536

9,169

8,591

8,059

7,866

7,441

7,053

6,572

6,369

6,177

5,436

3,655

-

-

-

-

2,553

-

-

Total operating revenues

147,362

146,035

144,891

142,906

138,895

139,146

139,180

136,447

129,619

125,946

123,068

117,886

114,921

110,508

101,274

96,090

92,480

90,919

86,382

81,336

74,655

72,492

70,515

65,682

63,731

61,440

60,635

57,667

55,091

55,252

53,762

50,636

47,284

46,029

44,367

42,484

39,966

38,352

14,139

12,387

Operating expenses:
Tenant reimbursement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,432

1,425

1,720

-

703

439

Other revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,869

3,592

3,255

-

490

407

Property operating and maintenance

40,183

39,865

41,251

38,067

38,110

39,487

41,161

37,861

33,848

34,722

37,091

31,781

29,226

28,690

28,283

25,576

24,663

23,840

24,203

22,084

19,678

20,253

20,043

18,534

16,289

17,247

17,368

15,118

14,527

15,206

16,360

15,274

14,395

15,063

14,133

13,830

12,023

12,107

5,806

4,485

Real estate taxes and insurance

6,190

5,709

4,973

5,988

6,196

4,910

4,699

4,693

4,937

3,963

2,622

3,824

4,504

4,591

3,524

3,070

3,065

3,723

3,216

3,270

1,935

2,519

3,073

-980

2,966

1,708

2,226

2,304

2,220

2,461

2,158

2,132

2,014

2,064

2,163

2,149

2,743

1,642

450

365

Management fees to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,287

1,237

Depreciation and amortization

40,991

39,737

40,546

36,996

35,646

36,035

36,264

35,558

33,776

32,629

32,077

32,207

32,338

30,674

26,981

26,227

24,770

24,493

24,347

24,046

22,816

22,422

20,914

19,504

17,882

17,151

16,424

16,261

15,949

16,336

16,583

15,947

15,461

15,743

16,091

17,660

19,473

19,146

4,900

3,790

Sales and marketing

6,144

5,527

5,476

5,784

5,652

5,394

5,180

5,369

5,080

4,616

4,643

4,414

4,503

4,308

4,465

4,501

4,221

4,117

3,775

4,256

3,782

3,413

3,806

3,747

3,588

3,474

3,206

3,936

3,789

3,389

2,231

2,581

2,129

1,619

1,315

1,433

1,377

1,341

65

57

General and administrative

11,267

10,641

10,671

12,282

10,170

10,534

10,074

10,297

9,185

10,157

9,759

9,508

8,124

8,399

9,432

8,818

8,720

9,718

8,644

7,952

7,865

6,260

7,145

6,732

7,705

7,092

7,045

6,177

7,003

7,133

6,389

6,036

6,352

5,880

4,747

5,602

5,617

4,987

1,997

417

Rent

8,399

8,872

8,331

7,733

7,688

7,420

7,329

6,547

6,400

6,155

6,077

5,931

5,962

5,913

5,967

5,334

5,417

5,385

5,440

5,007

5,243

5,148

5,113

5,070

5,066

5,028

5,082

4,756

4,793

4,754

4,689

4,691

4,577

4,588

4,601

4,600

4,547

4,551

787

692

Impairment of internal-use software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,844

1,037

-922

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Transaction costs

-

-

-

-

-

0

0

19

56

-

-

139

-

0

117

6

3

-

6

45

-

0

49

9

4

0

25

249

5

37

293

161

122

-

192

683

-

3,275

3,275

-

Total operating expenses

113,174

110,351

111,248

106,850

103,462

103,780

104,707

100,344

93,282

92,279

92,269

87,804

84,657

82,575

78,769

73,532

70,859

71,598

69,631

66,660

61,319

60,015

60,143

53,653

54,422

51,700

51,376

48,801

48,286

49,316

48,703

46,822

45,050

44,957

43,242

45,957

45,780

47,049

18,567

11,043

Operating income

34,188

35,684

33,643

36,056

35,433

35,366

34,473

36,103

36,337

33,667

30,799

30,082

30,264

27,933

22,505

22,558

21,621

19,321

16,751

14,676

13,336

12,477

10,372

12,029

9,309

9,740

9,259

8,866

6,805

5,936

5,059

3,814

2,234

1,072

1,125

-3,473

-5,814

-8,697

-4,428

1,344

Gain (loss) on real estate disposal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10

949

-

-

-

0

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

1

2

2

1

1

2

2

14

14

2

2

1

5

5

2

2

9

40

66

77

2

-

Interest expense

11,183

10,917

10,986

10,311

9,498

9,448

9,433

8,907

7,738

6,635

6,447

5,958

5,107

4,697

3,188

2,680

2,012

1,915

2,188

1,730

1,265

1,362

1,361

1,415

1,173

759

708

783

439

1,314

1,595

1,309

1,018

838

916

1,269

2,252

2,325

680

399

Income before income taxes

23,005

24,767

22,657

25,745

25,935

25,918

25,040

27,196

28,599

27,032

24,352

24,124

25,157

23,235

19,317

19,878

19,610

17,401

14,564

12,948

12,109

12,324

9,012

10,616

8,138

8,995

8,565

8,085

6,368

4,623

3,469

2,510

1,218

236

208

-3,753

-8,000

-10,945

-5,106

945

Income tax (expense) benefit

17

22

13

2

30

20

20

-83

33

24

64

-11

97

74

-2

43

4

14

34

66

49

18

22

-22

20

-34

56

206

173

45

522

662

-125

-226

-55

-165

-84

-223

-

-

Net income

22,988

24,745

22,644

25,743

25,905

25,898

25,020

27,279

28,566

27,008

24,288

24,135

25,060

23,161

19,319

19,835

19,606

17,387

14,530

12,882

12,060

12,306

8,990

10,638

8,118

9,029

8,509

7,879

6,195

4,578

2,947

1,848

1,343

462

263

-3,588

-7,916

-10,722

-5,106

945

Net income attributable to noncontrolling interests

5,140

5,551

5,194

6,208

6,244

6,267

6,420

7,890

8,264

6,099

6,446

6,407

6,684

6,181

5,055

5,715

6,261

5,960

5,526

5,259

5,408

5,557

3,759

4,670

3,301

3,809

3,524

3,176

2,262

2,276

1,627

1,022

743

283

151

-2,058

-4,544

-7,371

-3,096

-

Net income attributable to CoreSite Realty Corporation

-

-

-

-

-

-

-

-

-

20,909

17,842

17,728

18,376

16,980

14,264

14,120

13,345

11,427

9,004

7,623

6,652

6,749

5,231

5,968

4,817

5,220

4,985

4,703

3,933

2,302

1,320

826

600

-

-

-

-

-3,351

-

-

Preferred stock dividends

-

-

-

-

-

-

-

-

-

1,671

2,084

2,085

2,084

2,085

2,084

2,085

2,084

2,085

2,084

2,085

2,084

2,085

2,084

2,085

2,084

2,085

2,084

2,085

2,084

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to common shares

17,848

19,194

17,450

19,535

19,661

19,631

18,600

19,389

20,302

14,912

15,758

15,643

16,292

14,895

12,180

12,035

11,261

9,342

6,920

5,538

4,568

4,664

3,147

3,883

2,733

3,135

2,901

2,618

1,849

1,862

1,320

826

600

179

112

-1,530

-3,372

-3,351

-2,010

945

Net income per share attributable to common shares:
Basic

0.48

0.51

0.47

0.54

0.54

0.54

0.52

0.57

0.60

0.43

0.47

0.46

0.49

0.45

0.36

0.38

0.37

0.35

0.26

0.23

0.21

0.22

0.15

0.18

0.13

0.14

0.14

0.13

0.09

0.09

0.06

0.04

0.03

0.00

0.01

-0.08

-0.17

-0.17

-3.14

-

Diluted

0.48

0.51

0.47

0.53

0.54

0.54

0.52

0.57

0.59

0.44

0.46

0.46

0.48

0.44

0.36

0.37

0.37

0.34

0.26

0.22

0.21

0.21

0.14

0.18

0.13

0.14

0.14

0.12

0.09

0.09

0.06

0.04

0.03

0.00

0.01

-0.08

-0.17

-0.17

-3.14

-

Weighted average common shares outstanding
Basic

37,335

37,303

36,950

36,463

36,347

36,331

35,512

34,049

33,935

33,897

33,878

33,835

33,558

33,456

33,425

32,022

30,252

28,838

26,126

24,536

21,372

21,307

21,214

21,131

20,992

20,931

20,871

20,829

20,673

20,608

20,554

20,532

20,455

20,010

19,494

19,473

19,458

19,458

640

-

Diluted

37,504

37,477

37,132

36,618

36,547

36,443

35,721

34,220

34,164

34,086

34,114

34,053

33,981

33,885

33,912

32,435

30,694

29,243

26,549

25,055

21,978

22,127

21,708

21,604

21,521

21,772

21,479

21,445

21,314

21,331

21,027

20,914

20,694

19,917

19,587

19,473

19,458

19,458

640

-

Rental, power, and related revenue
Rental revenue

124,505

123,597

122,598

121,083

117,853

118,341

118,590

116,147

110,008

-

103,952

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Office, light-industrial and other revenue
Rental revenue

2,772

2,961

3,211

3,047

2,626

2,779

2,889

2,878

3,051

2,943

2,915

2,969

3,021

2,592

2,011

2,022

1,963

1,918

1,947

1,969

2,134

1,860

2,016

1,951

2,015

2,032

1,914

2,003

1,892

-

-

-

-

-

-

-

-

-

-

-

Power Revenue
Revenue

-

-

-

-

-

-

-

-

-

-

-

32,410

30,861

30,722

28,844

26,401

25,574

24,713

23,543

21,672

19,567

19,963

18,687

16,575

16,002

15,669

15,979

14,486

13,529

14,129

14,230

12,939

12,374

11,670

11,450

10,760

9,781

9,403

3,598

2,765

Tenant Reimbursement And Other Revenue
Revenue

-

-

-

-

-

-

-

-

-

-

-

2,329

2,276

2,104

2,826

2,326

1,830

2,246

2,357

2,276

1,416

1,991

2,328

1,627

2,756

1,885

1,873

1,770

1,789

2,054

1,752

1,657

1,625

-

-

-

-

1,968

-

-