QTS Realty Trust, Inc. Schedules Second Quarter 2021 Earnings Release

Rhea-AI Summary

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.

Positive

• Merger agreement with Blackstone could enhance company valuation.
• QTS has a significant footprint of over 7 million square feet of data center space.

Negative

• No earnings conference call may reduce transparency for investors.
• Immediate focus shifts to merger, potentially sidelining ongoing operational performance.

OVERLAND PARK, Kan., July 21, 2021 /PRNewswire/ -- QTS Realty Trust, Inc. (NYSE: QTS) today announced that the Company will issue its financial results for the quarter ended June 30, 2021 after market close on Tuesday, August 3, 2021. As a result of the previously announced definitive merger agreement under which Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc. and other long-term perpetual capital vehicles managed by Blackstone will acquire all outstanding shares of QTS common stock in an all cash transaction, the Company will not conduct a second quarter 2021 earnings conference call.

About QTS
QTS Realty Trust, Inc. (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 7 million square feet of owned mega scale data center space throughout North America and Europe. Through its software-defined data center platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities. Visit QTS at www.qtsdatacenters.com, call toll-free 877.QTS.DATA or follow on Twitter @DataCenters_QTS.

Investor Relations Contact:
Stephen Douglas - EVP Finance
ir@qtsdatacenters.com

Media Contact:
Carter B. Cromley
(703) 861-8245
carter.cromley@qtsdatacenters.com

 

View original content:https://www.prnewswire.com/news-releases/qts-realty-trust-inc-schedules-second-quarter-2021-earnings-release-301338533.html

SOURCE QTS Realty Trust, Inc.

FAQ

When will QTS Realty Trust announce its Q2 2021 financial results?

QTS Realty Trust will announce its Q2 2021 financial results on August 3, 2021.

Why won't QTS hold a Q2 earnings conference call?

QTS will not hold a Q2 earnings conference call due to its merger agreement with Blackstone.

What is the nature of the acquisition deal for QTS?

Blackstone and its affiliates will acquire all outstanding shares of QTS in an all-cash transaction.