Welcome to our dedicated page for QTS news (Ticker: QTS), a resource for investors and traders seeking the latest updates and insights on QTS stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect QTS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of QTS's position in the market.
QTS Realty Trust has been awarded the 2020 Global Visionary Innovation Leadership Award by Frost & Sullivan for its innovative data center infrastructure. The company utilizes advanced technologies like AI and machine learning to enhance operational excellence and provide tailored solutions for connectivity challenges. QTS has developed multiple Network Access Points (NAPs) across strategic locations, improving global interconnection capabilities. Furthermore, their software-defined service delivery platform optimizes data center management and forecasts power consumption with high accuracy, ensuring sustainability and improved customer experience.
QTS Realty Trust (NYSE: QTS), a major provider of hybrid colocation and mega scale data center solutions, will participate in several upcoming investor conferences.
The schedule includes:
- BofA Securities Media, Communications and Entertainment Virtual Conference: September 10, 2020, at 3:20 p.m. ET.
- BofA Securities Global Real Estate Virtual Conference: September 15, 2020.
- Goldman Sachs 29th Annual Communacopia Virtual Conference: September 16, 2020, at 2:55 p.m. ET.
Webcasts will be available on QTS's website.
QTS Realty Trust (NYSE: QTS) announced a partnership with Bandwidth Infrastructure Group (Bandwidth IG) to deploy a metro dark fiber network in its Atlanta Metro mega data center. This network will feature over 40 route miles and 75,000 fiber miles, enhancing connectivity options for customers. Bandwidth IG's infrastructure includes eight separate fiber rings interconnected at QTS’ site, increasing capacity and diversity. This development is poised to position QTS as a hub for advanced fiber connectivity in the region.
On August 13, 2020, QTS Realty Trust was recognized by World Finance Magazine as the Most Sustainable Company in the Data Center Industry for the second consecutive year. This accolade reflects QTS's commitment to sustainability across the economic, environmental, and social pillars. The company has published its second annual ESG Initiatives Report, aligning its assessments with the Global Reporting Index and the Sustainability Accounting Standards Board. QTS aims to minimize its carbon footprint through energy efficiency and renewable energy strategies.
QTS Realty Trust (NYSE: QTS) has announced its participation in key investor conferences. The events include the Cowen 6th Annual Communications Infrastructure Summit on August 11-12, where QTS will present on August 12 at 12:40 p.m. ET. Additionally, QTS will join the Keybanc Capital Markets' Future of Technology Series on August 12-13 and the BMO 2020 Real Assets Virtual Conference on September 2-3. Webcast links for these events will be available on QTS's Investor Relations page.
QTS Realty Trust reported second quarter 2020 results, achieving total revenue of $131.6 million, a 10.5% increase year-over-year. Net income rose to $10.2 million from $7.5 million in 2019. Operating FFO rose 19.4% to $48.7 million, with per share figures at $0.70. The company signed new leases worth $21 million of annualized rent and reported record booked-not-billed monthly recurring revenue of $111.2 million. Despite challenges from COVID-19, operations remained unaffected. The company reaffirmed 2020 revenue guidance of $523 million to $537 million.
QTS Realty Trust (NYSE: QTS) has released its 2019 Environmental, Social and Governance (ESG) Initiatives Report, outlining its commitment to sustainable practices. Key goals include procuring 100% renewable energy by 2025, achieving LEED certification for 90% of facilities, and recycling 90% of operational waste by 2025. As of 2019, QTS procured 32% of its energy from renewable sources and has set ambitious water conservation targets. The report emphasizes transparency and accountability in its sustainability efforts, enhancing stakeholder trust.
QTS Realty Trust (NYSE: QTS) announced the retirement of General Counsel Shirley Goza, effective December 31, 2020, after 14 years with the company. Goza has significantly contributed to QTS's legal and governance framework, aiding its growth to over $500 million in annual revenue. Matt N. Thomson Jr., a partner at Hogan Lovells and familiar with QTS since 2008, will succeed her. The transition aims to maintain continuity in legal leadership as QTS continues to establish its competitive position in the data center industry.
QTS Realty Trust, Inc. (NYSE: QTS) will release its financial results for Q2 2020 on July 27, 2020, after market close. A conference call is scheduled for July 28, 2020, at 7:30 a.m. CT. Investors can participate by dialing (877) 883-0383 or (412) 902-6506. QTS, a major data center solutions provider, operates over 7 million square feet of data center space in North America and Europe, offering software-defined infrastructure solutions and premium services. For more details, visit www.qtsdatacenters.com.
