CoreSite Reality Corporation

Symbol: COR
Exchange: NYSE
Founded: 2001 (19 years)
HQ: Denver, CO, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Data Centers

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See COR on SEC.gov

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Overall Score: 7.7

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


CoreSite Reality Corporation Company Logo

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Hightlights of Trading Day January 17, 2020


Open Price: $117.5
Closing Price: $117.55
Price Change: 0.18 (0.153%)
Lowest Price: $116.81
Highest Price: $117.868

52-Week Low: $92.18
52-Week High: $123.69
52-Week Change: 26.13%

5 Day Price Change: 3.39%
1 Month Price Change: 5.05%
3 Month Price Change: -2.63%
6 Month Price Change: 1.76%
YTD Price Change: 5.87%
1 Year Price Change: 25.93%
2 Year Price Change: 9.38%
5 Year Price Change: 170.19%

Dividend of Trading Day January 17, 2020


Dividend Yield: 4.151%*
Annualized Dividend: $4.88*
Dividend Yield (TTM): 3.947%
Annualized Dividend (TTM): $4.64
Ex Dividend Date: 2019-12-30
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day January 17, 2020


Total Cash: $2,599,000
Current Debt: N/A
Revenue: $543,486,000
Gross Profit: $203,141,000
Total Revenue: $543,486,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $283,006,000
Revenue Per Share: $14
Revenue Per Employee: $1,197,106
Employee: 454
Debt to Equity Ratio (D/E): 4.66
Profit Margin: 0.14%
Enterprise Value (EV): $5,551,547,190
Enterprise Value to Revenue (EV/R): 10.21
Price to Sales (P/S): 8.14
Price to Book (P/B): 18.26
Peg Ratio: -5.85
P/E Ratio: 56.25
P/E High: 59.47
P/E Low: 44.32
Forward P/E Ratio: 57.06
Market Capitalization: $4,430,106,850
Beta: 0.51
Latest Volume: 252,422.00
Avg. Total Volume: 313,335
Avg. 10 Volume: 335,142.30
Avg. 30 Volume: 313,334.60
TTM EPS: 2.09
TTM Dividend Rate: 4.64
Shares Outstanding: 37,687,000
Float: 37,229,329.00
50-Day Moving Avg.: 113.00
200-Day Moving Avg.: 114.51

Latest REIT Community Comments on #COR


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Properties Owned by COR


Properties Based on REIT's Official Presentation

Properties Types States Countries
20 1 8 1

Please visit REIT’s official webpage for the most up-to-date property list.

COR Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Dividend History


Below are the most recent cash dividends paid by COR. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 4,703,000 2,836,000 2,294,000 2,599,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 0 0
Property, Plant & Equipment Net 182,364,000 185,877,000 4,720,000 5,006,000
Goodwill 40,646,000 40,646,000 40,646,000 40,646,000
Intangible Assets 21,361,000 22,873,000 210,178,000 214,955,000
Other Assets 42,127,000 35,774,000 39,052,000 36,414,000
Net Tangible Assets 72,605,000 86,578,000 -78,140,000 -61,448,000
Total Assets 2,046,742,000 2,001,444,000 1,932,862,000 1,853,667,000
Accounts Payable 0 0 0 0
Liabilities (Other) 229,450,000 218,714,000 414,376,000 388,211,000
Current Liabilities (Other) 61,783,000 61,332,000 55,109,000 55,679,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 0 0 0
Long-term Debt 1,572,266,000 1,505,007,000 1,210,716,000 1,130,823,000
Total Liabilities 1,803,416,000 1,725,321,000 1,626,692,000 1,519,034,000
Minority Interest 5,194,000 6,208,000 6,244,000 6,267,000
Common Stock 37,688,382 364,000 364,000 363,000
Retained Earnings -321,720,000 -293,209,000 -267,849,000 -246,929,000
Treasury Stock 0 0 0 0
Capital Surplus 508,209,000 498,828,000 494,923,000 491,314,000
Shareholder Equity 180,196,000 199,748,000 221,705,000 242,555,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 144,981,000 142,837,000 138,611,000 138,879,000
Cost of Revenue 95,054,000 88,698,000 87,554,000 87,766,000
Gross Profit 49,927,000 54,139,000 51,057,000 51,113,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 111,201,000 106,764,000 103,376,000 103,694,000
Operating Income 33,780,000 36,073,000 35,235,000 35,185,000
Income Expense Net (Other) -11,123,000 -10,328,000 -9,300,000 -9,267,000
EBIT 33,780,000 36,073,000 35,235,000 35,185,000
Interest Income 11,123,000 10,328,000 9,300,000 9,267,000
Pretax Income 22,657,000 25,745,000 25,935,000 25,918,000
Income Tax 13,000 2,000 30,000 20,000
Minority Interest 5,194,000 6,208,000 6,244,000 6,267,000
Net Income 17,450,000 19,535,000 19,661,000 19,631,000
Net Income Basic 17,450,000 19,535,000 19,661,000 19,631,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 17,450,000 19,535,000 19,661,000 19,631,000
Depreciation 40,499,000 36,910,000 35,560,000 35,949,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 1,867,000 542,000 -305,000 -2,707,000
Cash Flow 73,800,000 58,008,000 55,903,000 70,025,000
Capital Expenditures -81,804,000 -79,048,000 -81,841,000 -80,502,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -81,804,000 -105,108,000 -81,841,000 -80,502,000
Dividends Paid -58,652,000 -52,790,000 -53,884,000 -49,269,000
Net Borrowings 68,495,000 100,411,000 79,500,000 56,948,000
Cash Flow Financing 9,871,000 47,642,000 25,633,000 7,770,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About CoreSite Reality Corporation


CoreSite Realty Corporation started in 2001 as CRG West, a portfolio company of The Carlyle Group. It was created to meet the needs of interconnection and data center customers at One Wilshire in Los Angeles and 55 South Market in San Jose. In 2009, CRG West rebranded as CoreSite—a name more indicative of the company’s national capabilities, international reach and mission-critical reliability. In 2010, CoreSite became publicly traded on the New York Stock Exchange (NYSE: COR). Today, CoreSite has 20 operational data centers in eight major communications markets across the United States, serves more than 1,200 customers and has a portfolio totaling more than 2.8 million square feet of data center space.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.4
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.6
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.9
8 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
7 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.2
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.1
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
6 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
1 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
0 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
8 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
7 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
7.7 Overall REITRating™ Score 6.5

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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