Cencora, Inc. - COR STOCK NEWS

CoreSite Realty Corporation (NYSE:COR) reported Q1 2021 financial results, highlighting a 7.0% year-over-year revenue growth to $157.6 million. Net income reached $24.9 million, or $0.51 per diluted share, an increase of $0.03 year-over-year. Adjusted EBITDA grew by 9.4% year-over-year to $86.1 million. The company signed 134 new leases for a total of $7.0 million in annualized GAAP rent. The balance sheet remains strong with $278.7 million in current liquidity. CoreSite expects continued growth with ongoing development projects and an optimistic outlook for 2021.

CoreSite Realty Corporation (NYSE:COR) announced enhanced AWS Direct Connect availability with 100 Gbps connections across Los Angeles, New York, Northern Virginia, and Santa Clara. This upgrade allows clients to efficiently integrate digital strategies and deploy high-performance hybrid applications. The service supports enterprise needs for secure, reliable, and cost-effective solutions, particularly for large data transfers in sectors like media, autonomous vehicles, and finance. CoreSite's strategic partnerships position it as a leading provider of interconnection and cloud integration services.

CoreSite Realty Corporation (NYSE:COR) announced its first quarter 2021 earnings conference call scheduled for April 29, 2021, at 12:00 p.m. Eastern Time. Financial results will be released before market open on the same day. Investors can join the call via phone or access it through a webcast on the company's website. The conference aims to provide insights into CoreSite's operations and performance in the competitive data center and cloud access market, where it serves over 1,375 leading enterprises and service providers across eight key North American markets.

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.