Sept 28 (Reuters) - CyrusOne Inc (CONE.O), a U.S. data center operator with a market capitalization of about $9 billion, is exploring strategic alternatives that include a potential sale of the. GIP manages over US $81 billion for its investors. This transaction is a testament to the tremendous work by the entire CyrusOne team. Click here for webcast. Data centers are still a relatively new REIT asset class, and Digital Realty currently has the only investment-grade balance sheet. The CyrusOne customer targeting strategy is referred to internally as "converting the unconverted," as Gary Wojtaszek, President and CEO of CyrusOne, described at the NAREIT convention in Chicago, June 2013. Importantly, the company acknowledges its core competency of developing capacity, as the way to generate appropriate returns on capital. CyrusOne provides high-quality colocation with robust connectivity and the flexibility your business needs to scale for future growth. (1) Title of each class of securities to which transaction applies: (2) Please fill out the form below and click "Place Order" to complete your order. Corporate Brochure Europe Locations Europe Locations Total short interest is just one way to look at [], Looking at the universe of stocks we cover at Dividend Channel, on 6/24/15, DENTSPLY International, Inc. (NASD: XRAY), CyrusOne Inc (NASD: CONE), and Equity Lifestyle Properties Inc (NYSE: ELS) will all trade ex-dividend for their respective upcoming dividends. Learn how today's IT leaders are looking outside of their organizations, System Integrators Can Play a Vital Role in Supporting a Federal Agency's Mission. Their clearly stated goal is to become the preferred global data center provider to the Fortune 1000. On average, it takes just 82 seconds before a. For a further discussion of these and other factors that could impact CyrusOnes future results, performance or transactions, see Part I, Item 1A. July 2017 Zenium Company Overview from 2017. Additional information about factors affecting KKR, including a description of risks that may be important to a decision to purchase or sell any common or preferred stock of KKR & Co. Inc., can be found in KKR & Co. Inc.s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its other filings with the SEC, which are available at www.sec.gov. CyrusOne data centers offer world-class flexibility, enabling clients to modernize, simplify, and rapidly respond to changing demand. Information about the directors and executive officers of CyrusOne is set forth in its proxy statement for its 2021 annual meeting of stockholders on Schedule 14A filed with the SEC on April 8, 2021, and its Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on February 19, 2021. Importantly, CyrusOne anticipates that rental rates on like-for-like leases will continue to decline from legacy pricing, to current market rates. CyrusOne today announced that it is undertaking a separation with Bruce Duncan, the company's President and Chief Executive Officer (CEO), and he will resign as a board member, effective immediately following the filing of CyrusOne's 10-Q financials for the quarter ended June 30, 2021.. CyrusOne's Board of Directors has appointed David Ferdman, currently a member of the Board, to serve . Navigating a New Normal in Business Travel. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. CyrusOne intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and include this statement for purposes of complying with these safe harbor provisions. Telephone: +1 (877) 610-4910 Specifically, CyrusOne states that it intends to expand into the region within the next 3 to 5 years. On Monday, CyrusOne (CONE)'s CEO, Gary J. Wojtaszek, made a $229,331 buy of CONE, [], Cyrusone Incorporated (CONE) maintained a dividend of 16 cents per share. [2] It is headquartered in Dallas, Texas and is owned by funds managed by Kohlberg Kravis Roberts and Global Infrastructure Partners . Why CyrusOne? Finally, CyrusOne notes that declines in renewal rates in the coming years is not only a company-specific trend. In the press release, Ferdman was referenced as President and CEO, without the "interim" title he has held since returning to lead CyrusOne last July. Already have an account? CyrusOne Inc., a real estate investment trust (REIT) that owns data centers, has acquired two data centers from Sentinel Data Centers LLC for $490 million. CyrusOne has most recently expanded to Europe and operates data centers in The UK, Ireland, Netherlands, and Germany. Using hybrid cloud and cloud adjacency, CyrusOne enables the deployment of technology to meet customers security and regulatory requirements with minimal latency on workloads. Update Contact Preferences. This transaction provides CyrusOne stockholders with significant value and simultaneously positions the Company to even better serve its customers to meet their needs in key markets around the world., CyrusOne has built one of the strongest data center companies in the world and has a strong track record of development and operational expertise in addition to delivering best-in-class service to its customers. Other languages Press Releases Official Publications Sector news Partners Connectivity Solutions KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. Home > Investors. In terms of execution, CyrusOne plans to enter Asia-Pacific in a similar manner to how the company entered Europe, being through an initial platform acquisition. Containers: What are they? In addition, KKRs business strategy is focused on the long-term and financial results are subject to significant volatility. Whereas GIP is making its . Please read our cookie notice for more information on the cookies we use and how to delete or block them. Sign In Now. CyrusOne aligns with customers to partner and support them as they scalewith engineering and design services, including power and usage projections, floor planning, connectivity assessments, and implementation scheduling. Thanks, SA Transcripts Team. California Privacy Notice To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. Europe Locations Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. About CyrusOne DALLAS--(BUSINESS WIRE)-- CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, today announced that it will be presenting at the following virtual investor conferences in. Click here for a larger version of this image. CyrusOne Inc will pay its quarterly dividend of $0.315 on 10/15/15, Equity [], The most recent short interest data has been released by the NASDAQ for the 08/31/2015 settlement date, which shows a 798,797 share increase in total short interest for CyrusOne Inc (NASD: CONE), to 2,697,060, an increase of 42.08% since 08/14/2015. Join our fun loving, hard-working team and help create the company we love! Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. Delighted to have raised over 4,000 in donations from local manufactures in exchange for decommissioned electrical and mechanical equipment. In this Fool Live video clip, recorded . KKR and Global Infrastructure Partners' $15 billion deal to buy CyrusOne ranks as the largest ever M&A deal in the sector. The company has just over 50 data centers in the US and Europe, with partners and customers on an international basis.. CyrusOne owns and operates over 40 carrier-neutral data centers in North America, Europe, and South America, where it provides colocation and peering services. CyrusOne, Inc. is a real estate investment trust, which specializes in the enterprise-class, carrier-neutral data center properties. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com, CyrusOne Inc., a real estate investment trust (REIT), owns, operates, and develops enterprise-class, carrier-neutral, and multi-tenant data center properties. CyrusOnes outlook estimates churn of 4% to 6% of revenue annually. CyrusOne has been a leader in the rapid growth of the data center industry, advancing techniques for building at speed and scale. A leader in hybrid-cloud and multi-cloud deployments, CyrusOne offers colocation, hyperscale, and build-to-suit environments that help customers enhance the strategic connection of their essential data infrastructure and support achievement of sustainability goals. The $90.50 per share purchase price reflects a premium of approximately 25% to CyrusOnes unaffected closing stock price on September 27, 2021, the last full trading day prior to published market speculation regarding a potential sale of the Company. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Retailers faced a wide range of challenges in 2022. Where the business chooses to deploy the IT services differs greatly depending on business, regulatory and security needs, and leads to a requirement to be able to support the entire Cloud Continuum.. The Company provides mission-critical. KKRs investment is being made primarily from its global infrastructure and real estate equity strategies, and GIPs investment is being made from its global infrastructure funds. Great people! Indeed, investors reacted with disappointment to these disclosures, amongst other headwinds, sending the stock down 6.4% for the session. Corporate Brochure Microservices: What are they? Huge Addressable Market CyrusOne estimates the annual data center spend for the entire Fortune 1000 at just over $15.5 billion. CyrusOne operates more than 50 data centers in North America. Dec 8, 2021 07:22AM EST. Europe Locations Further information can be found on GIPs website at www.global-infra.com. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. EU Terms and Conditions Looking back to 7 days ago, CyrusOne Inc (NASD: CONE) priced a 6,800,000 share secondary stock offering at $50.50 per share. With more than 50 high-performance mission-critical . Careers Dgtl Infra LLC. Are You Spending Millions in Capital and Operating Costs on Your Data Centers? We are very well positioned to capitalize on the acceleration in growth opportunities driven by strong underlying secular demand trends and create substantial value for all of our stakeholders., We see significant opportunity ahead for CyrusOne to build on its market leading position and impressive track record of delivering state of the art data center solutions around the globe, at a time when the world is increasingly dependent on them, at a rapid pace, said Waldemar Szlezak, Partner at KKR. Additional information about CyrusOne can be found at www.CyrusOne.com. Closing this transaction begins an exciting new chapter for CyrusOne as we continue our global expansion with the benefit of significant resources and expertise that KKR and GIP are able to provide to the Company and its customers, said Dave Ferdman, Co-Founder and President and Chief Executive Officer of CyrusOne. This contributes to new challenges in a wide range of, Why Big Internet Organizations Need Big Data To meet the unprecedented growth of the digital universe, Big Internet companies are required to scale massively and with extraordinary speed. CyrusOne Q1 2019 Investor Presentation. CyrusOne has both multitenant and single-tenant data centers, and it is primarily a wholesale provider, offering large spaces on longer-term leases. The Company provides mission-critical facilities that ensure the continued operation of IT infrastructure for approximately 1,000 customers, including approximately 200 Fortune 1000 companies. Agree Realty Corporation Reports Fourth Quarter and Record Full Year 2022 Results. Advance Auto Parts Inc will pay its quarterly dividend of $0.06 [], Looking at the universe of stocks we cover at Dividend Channel, on 9/24/14, CyrusOne Inc (NASD: CONE), Equity Lifestyle Properties Inc (NYSE: ELS), and ProAssurance Corp. (NYSE: PRA) will all trade ex-dividend for their respective upcoming dividends. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. CyrusOne In addition to lower leverage, CyrusOne has higher consensus EBITDA growth and a lower AFFO dividend payout ratio of around 60 percent versus the large group of similar-size investment-grade-rated REITs. Cloud Solutions You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Update Contact Preferences. By using this site you agree to our use of cookies. # # # Investor Relations Michael Schafer The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: (i) CyrusOnes proposed merger with the acquiring consortium (the Buyer) may not be completed in a timely manner or at all, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect CyrusOne or the expected benefits of the proposed merger or that the approval of CyrusOnes stockholders is not obtained; (ii) the failure to realize the anticipated benefits of the proposed merger; (iii) the ability of Buyer to obtain debt financing in connection with the proposed merger; (iv) the possibility that competing offers or acquisition proposals for CyrusOne will be made; (v) the possibility that any or all of the various conditions to the consummation of the merger may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger, including in circumstances which would require CyrusOne to pay a termination fee or other expenses; (vii) the effect of the announcement or pendency of the merger on CyrusOnes ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, or its operating results and business generally; (viii) risks related to diverting managements attention from CyrusOnes ongoing business operations; (ix) the risk that shareholder litigation in connection with the merger may result in significant costs of defense, indemnification and liability; (x) the potential widespread and highly uncertain impact of public health outbreaks, epidemics and pandemics, such as the COVID-19 pandemic; (xi) loss of key customers; (xii) indemnification and liability provisions as well as service level commitments in CyrusOnes contracts with customers imposing significant costs on CyrusOne in the event of losses; (xiii) economic downturn, natural disaster or oversupply of data centers in the limited geographic areas that CyrusOne serves; (xiv) risks related to the development of CyrusOnes properties including, without limitation, obtaining applicable permits, power and connectivity and CyrusOnes ability to successfully lease those properties; (xv) weakening in the fundamentals for data center real estate, including but not limited to, increased competition, falling market rents, decreases in or slowed growth of global data, e-commerce and demand for outsourcing of data storage and cloud-based applications; (xvi) loss of access to key third-party service providers and suppliers; (xvii) risks of loss of power or cooling which may interrupt CyrusOnes services to its customers; (xviii) inability to identify and complete acquisitions and operate acquired properties; (xix) CyrusOnes failure to obtain necessary outside financing on favorable terms, or at all; (xx) restrictions in the instruments governing CyrusOnes indebtedness; (xxi) risks related to environmental, social and governance matters; (xxii) unknown or contingent liabilities related to CyrusOnes acquisitions; (xxiii) significant competition in CyrusOnes industry; (xxiv) recent turnover, or the further loss of, any of CyrusOnes key personnel; (xxv) risks associated with real estate assets and the industry; (xxvi) failure to maintain CyrusOnes status as a real estate investment trust (REIT) or to comply with the highly technical and complex REIT provisions of the Internal Revenue Code of 1986, as amended (the Code); (xxvii) REIT distribution requirements could adversely affect CyrusOnes ability to execute its business plan; (xviii) insufficient cash available for distribution to stockholders; (xxix) future offerings of debt may adversely affect the market price of CyrusOnes common stock; (xxx) increases in market interest rates will increase CyrusOnes borrowing costs and may drive potential investors to seek higher dividend yields and reduce demand for CyrusOnes common stock; (xxxi) market price and volume of stock could be volatile; (xxxii) risks related to regulatory changes impacting CyrusOnes customers and demand for colocation space in particular geographies; (xxxiii) CyrusOnes international activities, including those conducted as a result of land acquisitions and with respect to leased land and buildings, are subject to special risks different from those faced by CyrusOne in the United States; (xxxiv) the continuing uncertainty about the future relationship between the United Kingdom and the European Union following the United Kingdoms withdrawal from the European Union; (xxxv) expanded and widened price increases in certain selective materials for data center development capital expenditures due to international trade negotiations; (xxxvi) a failure to comply with anti-corruption laws and regulations; (xxxvii) legislative or other actions relating to taxes; (xxxviii) any significant security breach or cyber-attack on CyrusOne or its key partners or customers; (xxxix) the ongoing trade conflict between the United States and the Peoples Republic of China; (xl) increased operating costs and capital expenditures at CyrusOnes facilities, including those resulting from higher utilization by CyrusOnes customers, general market conditions and inflation, exceeding revenue growth; and (xli) other factors affecting the real estate and technology industries generally. At CyrusOne, safety at our data centers is a top priority. We have built one of the worlds leading data center companies with a presence across key U.S. and international markets supporting our customers mission-critical digital infrastructure requirements while creating significant value for our stockholders, said Dave Ferdman, Co-Founder and interim President and Chief Executive Officer of CyrusOne. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. The data center operator is paying out a dividend of $0.52 per share at . This Q4 retail quarterly index report reveals how economic headwinds impacted key retail CRE categories during the critical holiday shopping season, and what their performance tells us about consumer behavior and brick-and-mortar retail in the year ahead. unlevered stabilized development NOI yields, Cloud Service Models: IaaS vs PaaS vs SaaS. Please click on "I understand" to view the presentation. The firm provides data center facilities that protect and ensure the continued operation of IT infrastructure. This mission-critical industry has never been more important. Data center REITs CyrusOne (NASDAQ: CONE) and CoreSite (NYSE: COR) have agreed to be bought out, and this cuts the number of publicly traded data center REITs in half. Upon completion of the transaction, CyrusOne will be a privately held company wholly owned by KKR and GIP and CyrusOnes common stock will no longer be listed on any public market. Facsimile: +1 (212) 750-0003 In turn, this capacity in Europe will represent nearly 20% of CyrusOnes total portfolio. Cautionary Statement Regarding Forward-Looking Statements. Sustainability Report, US Locations Register a Deal We invite you to watch this short video that provides a framework of safety expectations while on-site. Overall, CyrusOnes expectations for renewal rates, churn, and development yields implies that CyrusOne will likely be a price leader for new data center capacity. CyrusOnes large hyperscale customers including Microsoft, Oracle, Amazon Web Services (AWS), Alibaba, Salesforce, and Google Cloud account for a disproportionate share of the companys growth. This executive report shares how you can benefit as data center providers increase the efficiency and reliability of. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. DALLAS, TX Funds managed by global investment firm KKR and infrastructure investor Global Infrastructure Partners have acquired the global REIT CyrusOne Inc. in an all-cash transaction valued at $15 billion. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. If a change occurs, KKRs business, financial condition, liquidity and results of operations, including but not limited to, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, fee and yield segment EBITDA, core interest expense and book value, may vary materially from those expressed in the forward-looking statements. This executive report reveals the right choice, This executive report examines six vulnerabilities in enterprise security, along with measures to protect it. We reserve the right to block IP addresses that submit excessive requests. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Highlights Leased 21 megawatts ("MW") and 345,000 colocation square feet ("CSF") in the second quarter, totaling $41.8 million in annualized GAAP revenue "The culture we created at CyrusOne cultivated an environment of true commitment, resourcefulness and accountability that allowed us to consistently exceed our ambitious operational and financial . All Rights Reserved. This executive report explores how more and more Big Internet CIOs are meeting their ever-changing and expanding needs while obtaining the cost effectiveness, security, and service capabilities, How CyrusOne's Houston West data center campus delivers the highest density solutions to customers Learn how forward-thinking CIOs are significantly reducing production costs and increasing profit margins with high performance computing in world-class, high density data centers. Texas-based real estate investment trust (REIT) CyrusOne is exploring sale options after facing renewed pressure from investors to address its heavy management turnover and slow financial performance, a report published by Reuters stated.Shares of the company rose nearly 7% on Tuesday but slipped around 1% in extended trade to close at $76.85. BCBS creates and publishes Machine-Readable Files for CyrusOne. CyrusOne Inc. 2021 Q3 - Results - Earnings Call Presentation (NASDAQ:CONE) | Seeking Alpha Get the Top 10 Stocks for 2023 - when you go Premium for only $119 Financials CyrusOne Inc. 2021. Overall, CyrusOnes estimates imply that as legacy leases come up for renewal, the effective rent that tenants are paying is above current market rates. Please disable your ad-blocker and refresh. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Specifically, churn derives from customer renewal rates (see above), footprint consolidations, customer exits, and different customer capacity implementations. Customer Support To achieve this milestone, CyrusOne will continue to improve the energy efficiency of its new and existing data centers, procure renewable electricity at an accelerated rate to power the facilities, and investigate zero-carbon alternatives to traditional diesel backup generators. Choice, this capacity in Europe will represent nearly 20 % of revenue annually for access... Vs SaaS rates ( see above ), footprint consolidations, customer exits, and different customer capacity implementations KKRs... Addition, KKRs business strategy is focused on the cookies we use and how to delete or block them Service... Acknowledges its core competency of developing capacity, as the way to generate appropriate on. Strategic Partners that manage hedge funds our use of cookies a relatively REIT... 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