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QTS Realty Trust (NYSE: QTS) will participate in several upcoming investor conferences, enhancing its engagement with the investment community. Key events include the NAREIT REITworld Virtual Annual Conference from November 17-19, 2020, the BofA Global Data Center Virtual Conference on November 24-25, 2020, where it will present on November 24 at 10:00 a.m. ET, and the Wells Fargo Securities Virtual TMT Summit on December 1-2, 2020, with a presentation on December 1 at 8:40 a.m. ET.
QTS Realty Trust (NYSE: QTS) has declared cash dividends for Q4 2020. The common stock dividend is $0.47 per share, payable on January 7, 2021, to shareholders on record by December 22, 2020.
The Series A Preferred Stock dividend is $0.4453125 per share, payable on January 15, 2021, with record date December 31, 2020. The Series B Convertible Preferred Stock dividend is $1.625 per share, also payable on January 15, 2021.
QTS Realty Trust reported strong Q3 2020 results, with total revenue of $137.5 million, up 9.8% year-over-year. Net income reached $6.9 million, while the net loss attributable to common stockholders improved to $120,000. The company recorded an Adjusted EBITDA of $76.0 million, a 20.6% increase from Q3 2019. Notably, QTS signed new and modified leases worth $26 million in annualized rent. The booked-not-billed MRR hit a record $130.6 million. QTS has adjusted its 2020 revenue guidance to $531-$537 million.
QTS Realty Trust (NYSE: QTS) has opened its new 495,000 square foot mega data center on its Atlanta Metro campus. Constructed in under 10 months, the QTS Atlanta-Metro Data Center 2 (DC2) offers 240,000 square feet of data hall space and 72 megawatts of power capacity. The company secured anchor tenant leases with two hyperscale customers for over 16 megawatts. QTS’ Atlanta campus can support over 275 megawatts of power capacity and features extensive networking capabilities. This expansion enhances QTS' standing as a market leader in the Southeast.
QTS Realty Trust (NYSE: QTS) announced a new $250 million term loan (Term Loan D), maturing on January 15, 2026, enhancing its liquidity and financial flexibility. This loan increases QTS' aggregate unsecured credit facility to $1.95 billion, combined with its existing $1.7 billion credit facility. The loan features an accordion option to increase the amount up to $500 million, depending on additional commitments. Current interest is set at LIBOR plus 1.2%, reflecting QTS' strong credit profile.
QTS Realty Trust has officially opened Phase 1 of its new Hillsboro, OR mega data center, featuring a capacity of 24 megawatts and initial occupancy of 4.5 megawatts by a global software-as-a-service provider. This facility is part of a larger plan for five mega data centers totaling over 1 million square feet and 250 megawatts of power capacity. The new site enhances the connectivity infrastructure in Hillsboro, supporting cloud solutions, and establishes a Network Access Point that interconnects various data centers in the region.
QTS Realty Trust, Inc. (NYSE: QTS) has upsized its private offering of senior notes from $400 million to $500 million, with an interest rate of 3.875%. The offering is set to close on October 7, 2020. Proceeds will primarily repay part of QTS' unsecured revolving credit facility and will help redeem existing 4.750% Senior Notes due 2025. The notes are guaranteed by all QTS subsidiaries except the issuers and are only available to qualified institutional buyers as per SEC regulations.
QTS Realty Trust, Inc. (NYSE: QTS) announced a private offering of $400 million in senior notes due 2028. The funds will primarily be used to repay its unsecured revolving credit facility and redeem existing 2025 Senior Notes. The offering will be available only to qualified institutional buyers and certain non-U.S. persons. The notes will be guaranteed by subsidiaries of QTS. This move aims to streamline its financial position amidst ongoing market conditions.
QTS Realty Trust (NYSE: QTS) will release its financial results for the third quarter of 2020 on October 26, 2020. A conference call is scheduled for October 27, 2020 at 7:30 a.m. CT to discuss these results. Participants can join by calling (877) 883-0383 (U.S.) or (412) 902-6506 (International) and using entry number 0939248#. The results will be available on QTS's website under the Investors tab.
