DuPont Fabros Technology has reported results for the quarter ended March 31, 2012.
Highlights: As of today, the company’s stabilized operating portfolio is 99% leased, the non-stabilized portfolio is 57% leased and in the development portfolio, ACC6 Phase II is 67% pre-leased. First quarter 2012 activity: Placed in service CH1 Phase II in Elk Grove Village, Illinois, comprising 18.2 megawatts of critical load; Issued 2.6 million additional shares of 7.625% Series B perpetual preferred stock raising net proceeds of approximately US$62.7 million; Signed three leases totalling 4.83 MW and 23,385 raised sq ft and commenced seven leases totalling 15.23 MW and 83,191 raised sq ft.
Subsequent to the first quarter: Signed two leases and a pre-lease totalling 18.42 MW and 92,917 raised square feet. ACC6 Phase I is now 83% leased and Phase II is 67% pre-leased and commenced development of ACC6 Phase II which we expect to complete at the end of 2012.
Source: DuPont Fabros