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On September 1, 2021, QTS Realty Trust announced that following its acquisition by Blackstone affiliates on August 31, holders of its 6.50% Series A Cumulative Convertible Perpetual Preferred Limited Liability Company Units can convert these units into cash until October 14, 2021, at rates of $172.84 and $167.40 thereafter. The acquisition automatically converted Series B Preferred Stock into New Series A Preferred Units. Further details are provided in a notice distributed to unit holders and in QTS's Current Report on form 8-K filed with the SEC.
On August 31, 2021, Blackstone announced the completion of its $10 billion acquisition of QTS Realty Trust, integrating the company into its investment portfolio. The acquisition aligns with Blackstone's strategy focused on data proliferation and positions QTS for long-term growth in the data center sector. QTS's common stock and preferred shares will cease public trading. Blackstone aims to leverage QTS's management team to enhance operations amidst rising demand for data centers.
QTS Realty Trust (NYSE: QTS) stockholders have approved the acquisition by affiliates of Blackstone Infrastructure Partners. Stockholders will receive $78.00 in cash per share. This transition is expected to be finalized on August 31, 2021. Chad Williams, QTS Chairman and CEO, highlighted that this acquisition will enhance QTS's ability to meet growing customer demands in data center infrastructure. Post-transaction, QTS's common and preferred stocks will be delisted from public markets.
QTS Realty Trust reported strong second-quarter results for 2021, achieving total revenue of $155.2 million, a 17.9% increase from the previous year. Adjusted EBITDA rose 20.4% to $87.7 million, while Operating FFO available to common stockholders increased 26.8% to $61.8 million. However, the company also posted a net loss attributable to common stockholders of $2.6 million for the quarter. QTS continues to prepare for its acquisition by Blackstone, with expectations for the deal to close in Q3 2021, pending shareholder approval.
QTS Realty Trust (NYSE: QTS) announced it will release its financial results for Q2 2021 on August 3, 2021. This release follows the company’s definitive merger agreement with Blackstone Infrastructure Partners and other entities to acquire all outstanding shares in an all-cash transaction. Consequently, QTS will not hold a Q2 earnings conference call. The company boasts over 7 million square feet of data center space across North America and Europe, offering secure and compliant infrastructure solutions to various sectors.
QTS Realty Trust announced the expiration of the 40-day "go-shop" period for its merger with Blackstone Infrastructure Partners and related entities. The period ended on July 17, 2021, and no alternative acquisition proposals were received. Following this, QTS is subject to "no-shop" provisions that restrict further negotiations with third parties. The all-cash transaction values QTS shares at $78.00 each and is expected to close in the second half of 2021, pending stockholder approval and other customary conditions.
QTS Realty Trust (NYSE: QTS) has released its 2020 Environmental, Social, and Governance (ESG) Initiatives Report, showcasing its commitment to sustainability in the data center sector. Key goals include procuring 100% renewable energy by 2025, conserving 15 million gallons of water yearly, and achieving Green Building Certifications for all owned facilities. QTS aims to recycle 90% of operational waste and has made substantial progress with 36% renewable energy procurement as of 2020. The report highlights QTS's leadership in sustainability, being ranked #1 by GRESB for the second consecutive year.
QTS Realty Trust (NYSE: QTS) and Blackstone (NYSE: BX) announced a definitive agreement for Blackstone to acquire all outstanding shares of QTS for $78.00 per share, valuing the transaction at approximately $10 billion. This represents a 21% premium to QTS' closing share price as of June 4, 2021. The deal, approved unanimously by QTS' Board, is expected to close in the second half of 2021, pending stockholder and regulatory approvals. QTS will maintain its management team and corporate headquarters post-transaction.
QTS Realty Trust has launched the Smart Family of data center remote management solutions to meet increasing customer demand for remote management. These solutions integrate advanced technologies like AI and machine learning for enhanced visibility and management of colocation environments. Key offerings include SmartCam, SmartCart, and SmartSensors, providing real-time monitoring, remote access, and environmental controls. These innovations aim to improve customer experience and operational efficiency while reducing costs associated with physical data center visits.
On May 13, 2021, QTS Realty Trust announced the deployment of Telia Carrier's full suite of connectivity services in its mega data centers located in Piscataway, NJ and Irving, TX. This collaboration will enhance QTS's connectivity ecosystem by integrating Telia's terabit-scale transmission gear and routers. As a result, customers gain access to diverse connectivity services, including DDoS, IP Transit, and Cloud Connect. The partnership aims to meet accelerating demand for reliable global communications infrastructure.
