CoreSite Realty Corp
coresite.com ↗In their words
“Churn year-to-date of 4.6%, in line with our expectations”
“Churn somewhere around 10%, which is what our guidance is...midpoint at 10%, inclusive of 250 basis points from that one customer”
“We raised our guidance of annual revenue churn to a range of nine to 11% for 2019”
NPS disclosures (0)
No NPS disclosures yet.
Retention disclosures (54)
Churn (data center leases): 2.5% (Q3 2021) — “we reported churn of 2.5%”
Churn: 4.6% (YTD 2021) — “churn year-to-date of 4.6%, in line with our expectations”
Churn (data center leases): 1.3% (Q2 2021) — “we reported churn of 1.3%”
Churn (data center leases): 0.8% (Q1 2021) — “we reported churn of 0.8%”
Churn (Data center leases): 5.4% (Q4 2020) — “churn was 5.4%”
Churn: 7.5% (FY2021 guidance) — “expect churn to recede to our historical levels of 7.5% to 8.5% in 2021”
Churn (data center leases): 1.9% (Q3 2020) — “Renewed 309 leases for 135,959 NRSF and $20.7 million of annualized GAAP rent, reflecting an increase of 2.9% in cash rent and 5.1% in GAAP rent, and reported churn of 1.9%”
Churn (data center leases): 1% (Q2 2020) — “Renewed 333 leases for 174,926 NRSF and $25.0 million of annualized GAAP rent, reflecting a reduction of 1.5% in cash rent and an increase of 5.5% in GAAP rent, and 1.0% churn”
Churn (data center leases): 3.3% (Q1 2020) — “Renewed 280 leases for 120,943 NRSF and $17.3 million of annualized GAAP rent, reflecting an increase of 1.4% in cash rent and 7.2% in GAAP rent, and 3.3% churn”
Churn: 10% (FY2020 guidance) — “churn somewhere around 10%, which is what our guidance is...midpoint at 10%, inclusive of 250 basis points from that one customer”
Churn: 11.1% (FY2019) — “elevated churn we experienced in 2019...we ended up at 11.1 just above the high end of the range”
Churn (data center leases): 2.9% (Q4 2019) — “Renewed 323 leases for 151,057 NRSF and $21.9 million of annualized GAAP rent, reflecting a decrease of 0.8% in cash rent, an increase of 0.1% in GAAP rent, and 2.9% churn”
Churn: 9% (FY2019 range low) — “we raised our guidance of annual revenue churn to a range of nine to 11% for 2019”
Churn (data center leases): 3.1% (Q3 2019) — “Renewed 299 leases for 123,445 NRSF and $20.4 million of annualized GAAP rent, for an average rate of $165 per square foot, reflecting a decrease of 2.2% in cash rent, an increase of 4.2% in GAAP rent, and 3.1% churn”
Churn: 10% (FY2019 midpoint) — “Annual rental churn rate of 9% to 11% with a midpoint of 10%”
Churn: 2.4% (Q2 2019) — “included, as anticipated, higher than historical churn of 2.4%”
Churn: 8% (FY2019 guidance) — “Our annual guidance for 2019 churn is now 7% to 9%”
Churn (data center leases): 2.7% (Q1 2019) — “Renewed 264 existing leases for 68,605 NRSF, representing $11.9 million of annualized GAAP rent at an average GAAP rate of $173 per square foot, including churn of 2.7%”
Churn: 7% (FY2019 guidance) — “rental churn, which is estimated to be 6% to 8% for the full year [2019]”
Churn (data center leases): 1.9% (Q4 2018) — “Renewed 303 existing leases including - § 125,078 NRSF, representing $22.5 million of annualized GAAP rent, at an average rate of $180 per square foot, including churn of 1.9%”
Churn (Data center leases): 2.5% (Q3 2018) — “recorded rental churn of 2.5% in the third quarter”
Churn (Data center leases): 1.3% (Q2 2018) — “recorded rental churn of 1.3% in the second quarter”
Churn (Data center leases): 1.9% (Q1 2018) — “resulting in rental churn of 1.9% in the first quarter”
Churn: 7% (FY2018 guidance) — “We continue to expect churn for the year to be in the 6% to 8% range”
Churn: 6% (FY2018) — “estimated annual churn rate of 6% to 8% for 2018”
Churn (Data center leases): 0.5% (Q4 2017) — “recorded rental churn of 0.5% in the fourth quarter”
Churn (Data center leases): 1.4% (Q3 2017) — “recorded rental churn of 1.4% in the third quarter... The third-quarter rental churn rate was 1.4%.”
Churn (data center): 2.6% (Q2 2017) — “recorded rental churn of 2.6% in the second quarter”
Churn (Data center leases): 1.1% (Q1 2017) — “recorded rental churn of 1.1% in the first quarter... The first-quarter rental churn rate was 1.1%.”
Churn: 7.8% (FY2016) — “For the full-year, churn was 7.8% and in-line with our guidance.”
Churn (Data center leases): 1.9% (Q4 2016) — “recorded rental churn of 1.9% in the fourth quarter... The fourth-quarter rental churn rate was 1.9%.”
Churn (data center): 2.2% (Q3 2016) — “The third-quarter rental churn rate was 2.2%, which included 160 basis points of churn related to a customer move-out”
Churn (Data Center): 2.1% (Q2 2016) — “The second-quarter rental churn rate was 2.1%, and included 100 basis points of churn related to CoreSite's original full-building customer at SV3.”
Churn (data center): 1.6% (Q1 2016) — “The first-quarter rental churn rate was 1.6%.”
Churn (data center): 2.3% (Q4 2015) — “The fourth-quarter rental churn rate was 2.3%.”
Churn (Data center): 1.6% (Q2 2015) — “The second-quarter rental churn rate was 1.6%.”
Churn (Data Center Leases): 2.2% (Q1 2015) — “The first-quarter rental churn rate was 2.2%”
Churn (Data center rental): 7.8% (FY2013) — “data center rental revenue churn rate of 7.8%, or $9.4 million of annualized data center rent, during the year ended December 31, 2013”
Churn (Data center rental): 5.6% (FY2014) — “data center rental revenue churn rate of 5.6%, or $7.7 million of annualized data center rent, during the year ended December 31, 2014”
Churn (data center leases): 1.4% (Q4 2014) — “recorded rental churn of 1.4%”
Churn (data center rental): 6.1% (12M ended September 30, 2014) — “data center rental revenue churn rate of 6.1% or $8.1 million of annualized rent during the twelve months ended September 30, 2014”
Churn (data center leases): 1.2% (Q3 2014) — “The third-quarter rental churn rate was 1.2%.”
Churn (data center rental): 7.6% (12M ended June 30, 2014) — “data center rental revenue churn rate of 7.6% during the twelve months ended June 30, 2014”
Churn (Data center leases): 1.8% (Q2 2014) — “The second-quarter rental churn rate was 1.8%, which includes churn related to amending a single-customer lease at CoreSite's SV3 data center and releasing that space to a new customer.”
Churn (data center rental): 7.8% (12M ended March 31, 2014) — “data center rental revenue churn rate of 7.8% during the twelve months ended March 31, 2014”
Churn (Data center leases): 1.2% (Q1 2014) — “The first-quarter rental churn rate was 1.2%.”
Churn (data center): 7.8% (FY2013) — “lease expirations that were not renewed which resulted in a data center rental revenue churn rate of 7.8% during the year ended December 31, 2013.”
Churn (data center leases): 1.9% (Q4 2013) — “The fourth-quarter rental churn rate was 1.9%.”
Churn (Rental (Data Center Leases)): 8% (twelve months ended September 30, 2013) — “rental revenue churn rate of 8.0% during the twelve months ended September 30, 2013”
Churn: 2.7% (Q3 2013) — “The third-quarter rental churn rate was 2.7%.”
Churn (Rental (Data Center Leases)): 6.3% (twelve months ended June 30, 2013) — “rental revenue churn rate of 6.3% during the twelve months since June 30, 2012”
Churn: 2% (Q2 2013) — “rental churn of 2.0%”
Churn (data center): 1.1% (Q1 2013) — “The first quarter rental churn rate was 1.1%. Rental churn is calculated based on the annualized rental revenue of leases terminated in the period compared with total annualized rental revenue at the beginning of the period.”
Churn: 2.1% (Q4 2012) — “The fourth quarter rental churn rate was 2.1%.”
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