Data center REITs showed strong movement in the market during the third quarter of the year, according to Data Center Knowledge.
Among these were Digital Realty, which closed in on a $8.4 billion merger with Inerxion; Equinix, which grew its quarterly revenue to $1.397 billion, a 9 percent year-over-year increase; and CyrusOne, which recorded $23 million in annualized generally accepted accounting principles (GAAP) revenue signed with enterprise customers.
In addition, CoreSite hit new and expansion sales of $14.4 million of annualized GAAP rent for the quarter, including 34 new logos. Sales also included $4.5 million of core retail colocation sales and $9.9 million of scale leasing. Additionally, QTS Realty signed a 12-megawatt lease to expand its metro-Atlanta campus.
Data Center Knowledge attributes the REITs’ success to the fact that their solutions were offered across multiple markets, they all had a solid operating track record and they
