DuPont Fabros Technology Leases Data Centers to U.S. and Global Technology Companies

DuPont Fabros Technology Inc. is a foremost owner, developer, operator, and manager of enterprise-class, carrier-neutral, large multi-tenant wholesale data centers. The design of its facilities is to provide highly specialized, efficient, and safe computing environments in a low-cost operating model. The Washington, DC based Company operates in the REIT-Office industry in the Financial sector.

DuPont Fabros Technology is a real estate investment trust (REIT). The Company elected to be taxed as a REIT. As a REIT, it would not be subject to federal corporate income taxes if it distributes a minimum of 90 percent of its taxable income to its shareholders.

DuPont Fabros Technology is a leader in the design, building, and operation of wholesale data centers. It operates 11 data centers in three major United States markets. These total 3.3 million gross square feet and 287 megawatts of available critical load. The Company powers, cools, as well as protects the servers and Information Technology (IT) assets of customers who outsource their mission- and business-critical applications.

DuPont Fabros Technology keeps its clients’ computing environments running at optimum performance. This is so these clients can stay focused on running their businesses and less time concerned about data center uptime, network migrations, reliability, and other issues.

The Company’s Northern Virginia data center sites include Reston, Bristow and Ashburn. Moreover, it presently operates two advanced wholesale data centers in Elk Grove Village, just outside of Chicago, Illinois. Furthermore, DuPont Fabros Technology has its colocation facility in Santa Clara, California. This facility is one of the most sophisticated and efficient data centers in the greater San Francisco Bay area.

The Company has 48.05 megawatts leased year-to-date and 80.42 megawatts leased in the trailing 12 months (as of its October 28, 2016 Earnings Call). For Q3 2016, it signed 2.4 megawatts versus no leasing in the same quarter in 2015. In addition, it renewed two leases totaling 3.4 megawatts during Q3.

As of October 28, 2016, DuPont Fabros Technology’s Occupancy is 97 percent. For Q3, the Company’s revenue grew 16 percent and is up 15 percent year-to-date. The Company’s intention is to add 46 megawatts to its portfolio in the next year.

DuPont Fabros Technology is expanding into the Toronto, Ontario market. This is the Company’s first Canadian data center, called Toronto 1. This project will incorporate its new 4.0 design. The expectation is that the Company will place Toronto 1 in service in Q3 2017.

The 4.0 design permits customers to choose their own power density and resiliency. The Company’s estimation is that this data center will comprise 23 computer rooms when totally built. It will provide critical load of up to 46 megawatts. Phase 1 of Toronto 1 will comprise 12 computer rooms with a critical load of up to 24 megawatts and 125,000 square feet of computer room space.

This month, DuPont Fabros Technology announced that its Board declared cash dividends on shares of its common and preferred stock for Q4 2016. The announced dividend on its common shares represents a 6 percent increase from the prior quarter. It also marks the eighth dividend increase effected by the Company in the last seven years.