Coresite realty corp (COR)
Income statement / TTM
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

-

-

-

0

-

-

-

0

-

-

297,077

244,429

231,940

218,060

206,972

199,888

192,348

183,300

172,424

163,604

155,718

149,294

144,140

139,253

134,670

131,080

121,401

119,576

117,825

116,146

113,753

109,766

105,869

101,449

103,961

85,693

67,762

0

0

0

Interconnection revenue

77,420

75,751

74,300

72,919

71,565

69,709

67,938

66,438

64,341

62,293

60,022

57,195

54,847

53,077

51,117

49,143

46,761

44,234

41,746

39,515

37,511

35,355

33,685

31,957

30,419

28,932

27,435

26,171

24,554

21,637

0

0

0

-

-

-

-

0

-

-

Total operating revenues

581,194

572,727

565,838

560,127

553,668

544,392

531,192

515,080

496,519

481,821

466,383

444,589

422,793

400,352

380,763

365,871

351,117

333,292

314,865

298,998

283,344

272,420

261,368

251,488

243,473

234,833

228,645

221,772

214,741

206,934

197,711

188,316

180,164

172,846

165,169

134,941

104,844

0

0

0

Operating expenses:
Tenant reimbursement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

Other revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

Property operating and maintenance

159,366

157,293

156,915

156,825

156,619

152,357

147,592

143,522

137,442

132,820

126,788

117,980

111,775

107,212

102,362

98,282

94,790

89,805

86,218

82,058

78,508

75,119

72,113

69,438

66,022

64,260

62,219

61,211

61,367

61,235

61,092

58,865

57,421

55,049

52,093

43,766

34,421

0

0

0

Real estate taxes and insurance

22,860

22,866

22,067

21,793

20,498

19,239

18,292

16,215

15,346

14,913

15,541

16,443

15,689

14,250

13,382

13,074

13,274

12,144

10,940

10,797

6,547

7,578

6,767

5,920

9,204

8,458

9,211

9,143

8,971

8,765

8,368

8,373

8,390

9,119

8,697

6,984

5,200

0

0

0

Management fees to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Depreciation and amortization

158,270

152,925

149,223

144,941

143,503

141,633

138,227

134,040

130,689

129,251

127,296

122,200

116,220

108,652

102,471

99,837

97,656

95,702

93,631

90,198

85,656

80,722

75,451

70,961

67,718

65,785

64,970

65,129

64,815

64,327

63,734

63,242

64,955

68,967

72,370

61,179

47,309

0

0

0

Sales and marketing

22,931

22,439

22,306

22,010

21,595

21,023

20,245

19,708

18,753

18,176

17,868

17,690

17,777

17,495

17,304

16,614

16,369

15,930

15,226

15,257

14,748

14,554

14,615

14,015

14,204

14,405

14,320

13,345

11,990

10,330

8,560

7,644

6,496

5,744

5,466

4,216

2,840

0

0

0

General and administrative

44,861

43,764

43,657

43,060

41,075

40,090

39,713

39,398

38,609

37,548

35,790

35,463

34,773

35,369

36,688

35,900

35,034

34,179

30,721

29,222

28,002

27,842

28,674

28,574

28,019

27,317

27,358

26,702

26,561

25,910

24,657

23,015

22,581

21,846

20,953

18,203

13,018

0

0

0

Rent

33,335

32,624

31,172

30,170

28,984

27,696

26,431

25,179

24,563

24,125

23,883

23,773

23,176

22,631

22,103

21,576

21,249

21,075

20,838

20,511

20,574

20,397

20,277

20,246

19,932

19,659

19,385

18,992

18,927

18,711

18,545

18,457

18,366

18,336

18,299

14,485

10,577

0

0

0

Impairment of internal-use software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,959

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Transaction costs

-

-

-

-

-

75

214

0

0

-

-

0

-

126

132

60

0

-

0

0

-

62

62

38

278

279

316

584

496

613

768

1,158

0

-

0

0

-

0

0

-

Total operating expenses

441,623

431,911

425,340

418,799

412,293

402,113

390,612

378,174

365,634

357,009

347,305

333,805

319,533

305,735

294,758

285,620

278,748

269,208

257,625

248,137

235,130

228,233

219,918

211,151

206,299

200,163

197,779

195,106

193,127

189,891

185,532

180,071

179,206

179,936

182,028

157,353

122,439

0

0

0

Operating income

139,571

140,816

140,498

141,328

141,375

142,279

140,580

136,906

130,885

124,812

119,078

110,784

103,260

94,617

86,005

80,251

72,369

64,084

57,240

50,861

48,214

44,187

41,450

40,337

37,174

34,670

30,866

26,666

21,614

17,043

12,179

8,245

958

-7,090

-16,859

-22,412

-17,595

0

0

0

Gain (loss) on real estate disposal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-

6

6

6

6

19

32

32

32

19

10

13

13

14

18

53

117

192

185

0

0

0

-

Interest expense

43,397

41,712

40,243

38,690

37,286

35,526

32,713

29,727

26,778

24,147

22,209

18,950

15,672

12,577

9,795

8,795

7,845

7,098

6,545

5,718

5,403

5,311

4,708

4,055

3,423

2,689

3,244

4,131

4,657

5,236

4,760

4,081

4,041

5,275

6,762

6,526

5,656

0

0

0

Income before income taxes

96,174

99,104

100,255

102,638

104,089

106,753

107,867

107,179

104,107

100,665

96,868

91,833

87,587

82,040

76,206

71,453

64,523

57,022

51,945

46,393

44,061

40,090

36,761

36,314

33,783

32,013

27,641

22,545

16,970

11,820

7,433

4,172

-2,091

-11,309

-22,490

-27,804

-23,106

0

0

0

Income tax (expense) benefit

54

67

65

72

-13

-10

-6

38

110

174

224

158

212

119

59

95

118

163

167

155

67

38

-14

20

248

401

480

946

1,402

1,104

833

256

-571

-530

-527

0

0

0

-

-

Net income

96,120

99,037

100,190

102,566

104,102

106,763

107,873

107,141

103,997

100,491

96,644

91,675

87,375

81,921

76,147

71,358

64,405

56,859

51,778

46,238

43,994

40,052

36,775

36,294

33,535

31,612

27,161

21,599

15,568

10,716

6,600

3,916

-1,520

-10,779

-21,963

-27,332

-22,799

0

0

0

Net income attributable to noncontrolling interests

22,093

23,197

23,913

25,139

26,821

28,841

28,673

28,699

27,216

25,636

25,718

24,327

23,635

23,212

22,991

23,462

23,006

22,153

21,750

19,983

19,394

17,287

15,539

15,304

13,810

12,771

11,238

9,341

7,187

5,668

3,675

2,199

-881

-6,168

-13,822

-17,069

0

0

0

-

Net income attributable to CoreSite Realty Corporation

-

-

-

-

-

-

-

-

-

74,855

70,926

67,348

63,740

58,709

53,156

47,896

41,399

34,706

30,028

26,255

24,600

22,765

21,236

20,990

19,725

18,841

15,923

12,258

8,381

5,048

0

0

0

-

-

-

-

0

-

-

Preferred stock dividends

-

-

-

-

-

-

-

-

-

7,924

8,338

8,338

8,338

8,338

8,338

8,338

8,338

8,338

8,338

8,338

8,338

8,338

8,338

8,338

8,338

8,338

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to common shares

74,027

75,840

76,277

77,427

77,281

77,922

73,203

70,361

66,615

62,605

62,588

59,010

55,402

50,371

44,818

39,558

33,061

26,368

21,690

17,917

16,262

14,427

12,898

12,652

11,387

10,503

9,230

7,649

5,857

4,608

2,925

1,717

-639

-4,611

-8,141

-10,263

-7,788

0

0

0

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

491,783

485,131

479,875

475,867

470,931

463,086

448,697

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Office, light-industrial and other revenue
Rental revenue

11,991

11,845

11,663

11,341

11,172

11,597

11,761

11,787

11,878

11,848

11,497

10,593

9,646

8,588

7,914

7,850

7,797

7,968

7,910

7,979

7,961

7,842

8,014

7,912

7,964

7,841

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Power Revenue
Revenue

-

-

-

-

-

-

-

-

-

-

-

122,837

116,828

111,541

105,532

100,231

95,502

89,495

84,745

79,889

74,792

71,227

66,933

64,225

62,136

59,663

58,123

56,374

54,827

53,672

51,213

48,433

46,254

43,661

41,394

33,542

25,547

0

0

0

Tenant Reimbursement And Other Revenue
Revenue

-

-

-

-

-

-

-

-

-

-

-

9,535

9,532

9,086

9,228

8,759

8,709

8,295

8,040

8,011

7,362

8,702

8,596

8,141

8,284

7,317

7,486

7,365

7,252

7,088

0

0

0

-

-

-

-

0

-

-