First Quarter 2014 Results
Earlier today, we announced our financial results for the first quarter of 2014 on a conference call hosted by our Interim CEO Bill Stein.
And here’s how Bill summarized the quarter:
• “We signed new leases totaling $47 million of annualized GAAP rental revenue, including a $12 million direct lease with a former sub-tenant, during what is typically a seasonally-slow leasing quarter.”
• “Our mid-market initiative continues to gain traction, and we signed over $4 million of colocation revenue during the first quarter.”
• “Pricing is generally stable-to-slightly-improving across product types and regions.”
• “We are pleased by the strong underlying demand, consistent leasing execution and gradually improving data center fundamentals.”
Onward! We’re excited to continue delivering in the second quarter.