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On May 11, 2021, Bandwidth Infrastructure Group (Bandwidth IG) announced a partnership with QTS Realty Trust (NYSE: QTS) to enhance connectivity options at QTS' Santa Clara data center. This agreement will provide high-capacity dark fiber connectivity, crucial for enterprises in Silicon Valley. Bandwidth IG, known for its extensive dark fiber network, has constructed a new entrance to the QTS campus to optimize low latency and reliability. This development follows Bandwidth IG's successful deployment of dark fiber at QTS' Atlanta campus, showcasing the growing need for diverse connectivity solutions in critical data centers.
QTS Realty Trust (NYSE: QTS) has announced quarterly cash dividends for Q2 2021. A cash dividend of $0.50 per share on common stock is scheduled for July 7, 2021, with a record date of June 18, 2021. For the Series A Preferred Stock, the dividend is $0.4453125 per share, payable on July 15, 2021, with a record date of June 30, 2021. The Series B Convertible Preferred Stock will receive a dividend of $1.625 per share, also payable on July 15, 2021, with a record date of June 30, 2021.
QTS Realty Trust (NYSE: QTS) announced its first-quarter results for 2021, highlighting total revenue of $148.7 million, a growth of 17.8% year-over-year. The net income was slightly down at $7.9 million, while Operating FFO grew 27.5% to $56 million. The company signed new leases totaling $20.6 million in annualized rent, showcasing continued leasing momentum. However, rental churn was recorded at 0.7%. QTS also revised its 2021 revenue guidance upwards to a range of $602-$616 million.
QTS Realty Trust (NYSE: QTS) announced that four additional data centers are now powered by renewable energy, including sites in Hillsboro, Fort Worth, Eemshaven, and Richmond. With these additions, 36% of QTS' portfolio-wide power needs are sourced from renewable energy, aiming for 100% by 2025. The company utilizes innovative agreements for renewable energy procurement, emphasizing sustainability and minimizing carbon footprint. QTS is among the largest green power users in the data center sector, enhancing its ESG commitments through transparency in sustainability reporting.
QTS Realty Trust (NYSE: QTS) has announced a partnership with Southern Telecom, Inc. (STI) for the deployment of a dark fiber network at its Atlanta-Metro data center campus. This partnership enhances QTS' connectivity options, providing multiple dark fiber paths across the Southeast. The recent opening of Atlanta-Metro Data Center 2 (DC2) adds 240,000 square feet and 72 megawatts of power capacity. The campus is expected to support more than 275 megawatts of power capacity upon full development, boosting QTS' competitive edge in the data center market.
QTS Realty Trust, Inc. (NYSE: QTS) will release its financial results for Q1 2021 on April 27, 2021, after market close. A conference call will be held on April 28, 2021, at 7:30 a.m. CT, where executives will discuss the results. Investors can join the call using the provided dial-in numbers or via an online broadcast accessible through the company's website. QTS offers over 7 million square feet of data center space and focuses on delivering secure infrastructure solutions to technology companies and government entities.
QTS Realty Trust (NYSE: QTS) has partnered with DE-CIX to enhance interconnection services in four of its mega-scale data centers located in Chicago, Dallas/Irving, Piscataway, and Richmond. This strategic deployment of DE-CIX's multi-service interconnection platform will improve connectivity and access to hundreds of networks for QTS customers. Notably, the new setups significantly increase low-latency options and further solidify QTS's commitment to delivering robust data center solutions.
QTS Realty Trust (NYSE: QTS) and Telxius have announced an expansion of Telxius' network infrastructure at the QTS Richmond Network Access Point (NAP). This development enhances Telxius' connectivity options, providing direct access to its Global Tier 1 IP Backbone and enhancing wavelength capabilities. The QTS Richmond NAP, already a strategic hub for low-latency connectivity, is positioned as a key resource for enterprises and hyperscale customers. The facility features over 500,000 square feet of raised floor capacity, with potential for further expansion.
QTS Realty Trust (NYSE: QTS), a prominent provider of hybrid colocation and mega scale data center solutions, announced its participation in several upcoming investor conferences. Key dates include presentations at the Morgan Stanley Technology Media and Telecom Conference on March 1, Citi Virtual Global Property CEO Conference on March 9, and Deutsche Bank Media, Internet, and Telecom Conference on March 10, 2021. Investors can access webcasts via the QTS Investor Relations website.
With over 7 million square feet of data center space across North America and Europe, QTS offers robust, secure infrastructure solutions.
QTS Realty Trust reported fourth-quarter and full-year results for 2020, showing total revenues of $143.9 million and $539.4 million, up 16.3% and 12.2% year-over-year, respectively. However, the company faced a net loss of $10.7 million in Q4, compared to a loss of $3.6 million in the same quarter of 2019. Adjusted EBITDA rose by 26.3% to $83.7 million for the quarter. Despite strong leasing activity, net loss attributable to common stockholders was $16.0 million. QTS has a record booked-not-billed MRR of $154.4 million and expects continued growth in 2021.
