|[November 26, 2012]
CoreSite Realty Corporation Declares Fourth Quarter 2012 Dividend
DENVER --(Business Wire)--
CoreSite Realty Corporation (News - Alert) (NYSE: COR), a national provider of
powerful, network-rich data centers, today announced that its Board of
Directors declared a dividend of $0.27 per share on common stock and
common stock equivalents for the fourth quarter of 2012. This increase
represents a $0.09, or 50%, increase from the previous quarterly
dividend rate of $0.18 per share. The increased dividend reflects an
annualized dividend rate of $1.08 per share compared to the prior
annualized dividend rate of $0.72 per share.
The dividend will be paid on January 15, 2013, to stockholders of record
on December 31, 2012.
CoreSite's Chief Executive Officer, Tom Ray (News - Alert), stated, "We're pleased that
continued strong operating results have driven another meaningful
increase in our dividend to our investors. We look ahead to 2013 with a
strong belief that we are well positioned to execute upon our strategic
and tactical plans to further grow our business and drive superior
returns on invested capital."
CoreSite Realty Corporation (NYSE: COR) is a national provider of data
center products and interconnection services. More than 750 customers,
such as Global 1000 enterprises, communications providers, cloud and
content companies, financial firms, media and entertainment, healthcare,
and government agencies choose CoreSite for the confidence that comes
with customer-focused data center products, service and support systems,
and scalability. CoreSite's network centric computing platform is a
business catalyst, featuring the Any2 Internet exchage and network
ecosystems, which include access to 225+ carriers and service providers
and a growing mesh of more than 15,000 interconnections. The company
features a diverse colocation offering from individual cabinets to
custom cages and private suites, with 14 data center locations in nine
major U.S. markets. For more information, visit www.CoreSite.com.
Forward Looking Statements
This press release may contain forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements
relate to expectations, beliefs, projections, future plans and
strategies, anticipated events or trends and similar expressions
concerning matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as "believes," "expects," "may," "will," "should,"
"seeks," "approximately," "intends," "plans," "pro forma," "estimates"
or "anticipates" or the negative of these words and phrases or similar
words or phrases that are predictions of or indicate future events or
trends and that do not relate solely to historical matters.
Forward-looking statements involve known and unknown risks,
uncertainties, assumptions and contingencies, many of which are beyond
CoreSite's control, that may cause actual results to differ
significantly from those expressed in any forward-looking statement.
These risks include, without limitation: the geographic concentration of
the company's data centers in certain markets and any adverse
developments in local economic conditions or the demand for data center
space in these markets; fluctuations in interest rates and increased
operating costs; difficulties in identifying properties to acquire and
completing acquisitions; significant industry competition; the company's
failure to obtain necessary outside financing; the company's failure to
qualify or maintain its status as a REIT; financial market
fluctuations; changes in real estate and zoning laws and increases in
real property tax rates; and other factors affecting the real estate
industry generally. All forward-looking statements reflect the company's
good faith beliefs, assumptions and expectations, but they are not
guarantees of future performance. Furthermore, the company disclaims any
obligation to publicly update or revise any forward-looking statement to
reflect changes in underlying assumptions or factors, of new
information, data or methods, future events or other changes. For a
further discussion of these and other factors that could cause the
company's future results to differ materially from any forward-looking
statements, see the section entitled "Risk Factors" in the company's
most recent annual report on Form 10-K, and other risks described in
documents subsequently filed by the company from time to time with the
Securities and Exchange Commission.
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