Cencora, Inc. - COR STOCK NEWS

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.

CoreSite Realty Corporation (NYSE:COR) announced a cash dividend of $1.23 per share for Q4 2020, marking a 0.8% increase from the previous quarter's $1.22 dividend. The dividend payment is scheduled for January 15, 2021, for shareholders on record as of December 31, 2020. CoreSite continues to deliver secure, reliable, and high-performance data center, cloud, and interconnection solutions across key North American markets, serving over 1,350 enterprises and cloud providers.

CoreSite Realty Corporation (NYSE:COR) has enhanced its Any2Exchange® internet peering service, enabling multi-market peering for customers. The new setup includes Any2East across Boston, New York, Northern Virginia, and Washington D.C., and Any2West in Silicon Valley and Los Angeles, improving network reach and performance.

This enhancement allows clients to reduce transit costs, lower latency, and improve overall user experience, serving over 400 customers connected to the Any2Exchange® network.

CoreSite Realty Corporation (NYSE:COR) has enhanced its cloud networking capabilities at its Chicago data center. Customers can now provision AWS Hosted Connections up to 10Gbps via the CoreSite Open Cloud Exchange®, improving low-latency hybrid IT setups. Additionally, CoreSite opened CH2, a purpose-built data center in downtown Chicago, featuring 18 megawatts of total capacity. The company has also secured a 10.25% tax incentive for clients deploying in CH2 through the State of Illinois’ Data Center Investment program.

CoreSite Realty Corporation (NYSE:COR) has announced the opening of phase one of its new LA3 data center in downtown Los Angeles. The facility spans over 160,000 square feet and offers 18 megawatts of capacity, with the first phase providing 51,000 square feet and six megawatts. Designed for high resiliency, LA3 features optimized connectivity, a sustainable cooling system, and compliance with LEED and ENERGY STAR standards. This development strengthens CoreSite's presence in a high-demand market, enhancing access to a robust ecosystem of cloud and network services.

CoreSite Realty Corporation (NYSE:COR) reported third-quarter 2020 financial results, achieving operating revenues of $154.0 million, a 6.3% year-over-year increase. Net income rose to $0.50 per common diluted share, up $0.03 year-over-year. Funds From Operations (FFO) reached $1.33 per diluted share, marking a 3.9% annual growth. The company commenced 130 new leases totaling 33,233 NRSF and increased its 2020 net income guidance to $1.92 to $1.96 per share. CoreSite's balance sheet remains robust with $326.8 million in liquidity, enhancing its capacity for growth.