CoreSite Realty Corporation has announced financial results for the first quarter 2012. Quarterly Highlights included :Reported first-quarter FFO of US$0.36 per diluted share and unit, representing a 5.9% increase over the prior quarter and a 44.0% increase over the prior-year quarter: Reported first-quarter revenue of US$47.3 million, representing a 2.7% increase over the prior quarter and a 18.3% increase over the prior-year quarter and  Executed new and expansion data centre leases representing US$7.1 million of annualized GAAP rent with a weighted-average GAAP rental rate of US$188 per net rentable square foot

Tom Ray, CoreSite’s Chief Executive Officer, commented, “During the first quarter of 2012, we continued to successfully execute on our strategy to expand our position as a network-centric provider in key domestic markets. Sales remained well-distributed across verticals and geographies, with particular strength in the cloud and carrier verticals. We delivered new capacity in Northern Virginia and Santa Clara and booked new sales in our 2972 Stender development to bring that site to 19,567 NRSF under executed licenses at March 31, 2012, representing 59% of the 33,129 NRSF delivered as of that date.”

Source: Generation NT