Despite market disruption caused by the novel coronavirus COVID-19 outbreak, CoreSite, CyrusOne, and QTS Realty Trust have reported revenue growth and successful leasing results for the first quarter of the year, according to Data Center Knowledge.
The three publicly traded data center REITs reported a small portion of their recurring revenue came from customers in industries the crisis hit the hardest. CyrusOne and QTS disclosed their successful earnings were attributed to big hyperscale customer deals, while CoreSite saw a large volume of retail colocation deals with enterprise customers.
Data Center Knowledge points out the majority of deals were already in the works before shelter-in-place became commonplace throughout the world.
According to Seeking Alpha, there are five main players in the publicly traded data center REIT industry. They include CyrusOne, CoreSite Realty, Digital Realty, Equinix and QTS. This group has
