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CyrusOne announced its fourth quarter and full year 2020 earnings, showcasing a 6% revenue increase to $268.4 million in Q4 and a 5% increase to $1.033 billion for FY 2020. Notably, net income for Q4 was $19 million, rebounding from a loss of $52.1 million in Q4 2019. The company signed leases totaling $156.8 million in annualized GAAP revenue during 2020, marking a record year. A significant expansion into Paris is also highlighted, with a fully pre-leased data center. The company maintains a strong balance sheet with $1.7 billion in liquidity.
CyrusOne Inc. (NASDAQ: CONE) announced the tax allocation for its 2020 distributions totaling $2.01 per share. The breakdown shows 9.783% as taxable ordinary dividends ($0.1966412), 60.188% as capital gain distributions ($1.2097828), and 30.029% as non-dividend distributions, also known as return of capital ($0.6035760). Shareholders are advised to consult with tax advisors regarding their specific tax treatment of these distributions. CyrusOne operates over 50 global data centers, serving around 1,000 customers, including 200 Fortune 1000 companies.
CyrusOne Inc. (NASDAQ: CONE) has announced a purchase of 67 MW of renewable energy from Enel Green Power’s 284 MW Azure Sky solar + storage project in Texas. This agreement is part of CyrusOne's commitment to operate carbon-free by 2040 and will significantly reduce CO2 emissions. The renewable energy will cover 100% of the power needs for its Allen, Texas data center and about 70% for Carrollton. This move enhances the company's sustainability efforts, building on previous renewable initiatives in other regions.
CyrusOne (NASDAQ: CONE) plans to release its fourth quarter 2020 results on February 17, after market close. A conference call will occur on February 18 at 11:00 AM ET, hosted by CEO Bruce Duncan and CFO Katherine Motlagh to discuss financial performance. Investors can join the call via U.S. toll-free (1-844-492-3731) or international number (1-412-542-4121). A replay will be available until March 4. CyrusOne operates over 50 data centers globally, serving around 1,000 customers and emphasizing hybrid-cloud solutions.
CyrusOne (NASDAQ: CONE) has enhanced its partnership with Google Cloud by introducing five new direct connectivity options across cities including Aurora, Austin, Houston, San Antonio, and Council Bluffs. This expands the company's capacity for hybrid cloud solutions, providing customers with cost-effective, low-latency access to Google Cloud services. Key benefits include the ability to manage on-prem workloads while leveraging Google’s cloud capabilities, enabling quick scaling and efficient bandwidth adjustments. This strategic move positions CyrusOne as a leader in hybrid and multi-cloud deployments.
CyrusOne (NASDAQ: CONE), a leading global data center REIT, announced its participation in several virtual investor conferences in December 2020. Key presentations include Bruce W. Duncan on December 1 at the Wells Fargo TMT Summit, and at the UBS Global TMT Conference on December 7. Matt Pullen will present on December 3 at the NASDAQ 43rd Investor Conference. Webcasts will be available on the company's investor page, with replays offered for specified durations post-events. CyrusOne operates over 50 data centers, catering to around 1,000 clients, including 200 Fortune 1000 companies.
CyrusOne (NASDAQ: CONE), a leading global data center REIT, will present at key virtual investor conferences in November 2020. Bruce W. Duncan, the CEO, will present at NAREIT's REITworld on November 18 at 1:45 PM ET and at BofA Securities Global Data Center Conference on November 25 at 11:00 AM ET. Live webcasts can be accessed through the Company's website, and replays will be available for 14 days post-presentation. CyrusOne excels in providing high-performance data centers essential for IT infrastructure, serving around 1,000 clients, including 200 Fortune 1000 companies.
CyrusOne Inc. (NASDAQ: CONE) reported a 5% increase in revenue to $262.8 million for Q3 2020, driven by a 7% rise in occupied colocation square feet. However, the company incurred a net loss of $(37.3 million), significantly impacted by a $22.9 million loss on fair value adjustments and $9 million in severance costs. Adjusted EBITDA rose 3% to $132.2 million, with Normalized FFO up 10% at $114.4 million. The firm has a backlog of $82 million in annualized GAAP revenue and has strengthened its balance sheet with $1.7 billion in liquidity.
CyrusOne has appointed Katherine Motlagh as Executive Vice President and Chief Financial Officer, effective October 30, 2020. She succeeds Diane Morefield, who will support the transition until March 1, 2021. Motlagh joins from American Tower Corporation, bringing over 25 years of financial leadership experience across various sectors. CEO Bruce Duncan expressed confidence in Motlagh's ability to enhance growth at CyrusOne, emphasizing the company’s position as the third largest public data center REIT. This leadership change aims to create significant shareholder value as the company scales its operations.
CyrusOne (NASDAQ:CONE) will host its third quarter 2020 results conference call on October 29, 2020, at 11:00 AM ET. CEO Bruce W. Duncan and CFO Diane Morefield will discuss the company's financial performance. The earnings release will be available after the market closes on October 28, and the call will be accessible via dial-in numbers for U.S. and international participants. CyrusOne specializes in high-performance data centers, serving around 1,000 customers, including 200 Fortune 1000 companies, and focuses on hybrid-cloud solutions.
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