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CoreSite Realty Corporation Announces 30% Increase in Fourth-Quarter 2013 Common Stock Dividend to $0.35 Per Share

December 6, 2013 at 8:00 AM EST
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Declares dividend on Series A Preferred Stock

DENVER--(BUSINESS WIRE)--Dec. 6, 2013-- CoreSite Realty Corporation (NYSE:COR), a provider of network-dense, cloud-enabled data center products and services, today announced that its Board of Directors declared a cash dividend of $0.35 per share on common stock and common stock equivalents for the fourth quarter of 2013. This increase represents a $0.08, or 30%, increase from the previous quarterly dividend rate of $0.27 per share. The increased dividend reflects an annualized dividend rate of $1.40 per share, compared to the prior annualized dividend rate of $1.08 per share.

The fourth-quarter common stock dividend will be paid on January 15, 2014, to shareholders of record on December 31, 2013.

CoreSite’s Chief Executive Officer, Tom Ray, stated, “We are pleased to announce a 30% increase in our quarterly dividend rate, which reflects continued successful execution of our business plan. We remain committed to generating superior shareholder returns, and this announcement marks the third dividend increase since our initial public offering in September 2010.”

CoreSite’s Board of Directors also declared a cash dividend of $0.4531 per share of Series A Cumulative Redeemable Preferred Stock. The preferred share dividend will be paid on January 15, 2014, to shareholders of record on December 31, 2013.

About CoreSite

CoreSite Realty Corporation (NYSE: COR) delivers secure, reliable, high-availability data center products and services across eight key North American markets. CoreSite connects, protects and ensures the optimal performance and continued operation of mission-critical data and IT infrastructure for enterprises and Internet, private networking, mobility, and cloud service providers. CoreSite's scalable platform of over 2.5 million square feet of efficient, network-dense, cloud-enabled data center capacity empowers customers to accelerate business performance, reduce operating costs and increase flexibility across their IT and communications systems. CoreSite's 350 professionals deliver best-in-class service by placing customer needs first in supporting the planning, implementation and operating requirements necessary to ensure reliable, secure and efficient IT environments.

More than 750 of the world’s leading enterprises, carriers and mobile operators, content and cloud providers and media and entertainment companies choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. CoreSite provides direct access to more than 275 carriers and ISPs, inter-site connectivity and CoreSite's Open Cloud Exchange, which supports rapid, efficient and scalable Ethernet access to multiple key public clouds, enabling simple, flexible, multi-cloud capabilities. For more information, visit

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