- CoreSite, unlike other peers, is not expanding into foreign lands but instead growing in the mature U.S. market, albeit at a slower pace.
- The company has a distinct customer engagement model allowing for better returns.
- Debt level remains very high, but completion of the first phase of some capital-intensive projects together with a falling capEx trend point to lower leverage as from 2021.
- An understanding of the correlation between datacenter REITs and the technology sector is crucial to obtain insights into the secular trends which determine demand in the industry.
For further details see:
CoreSite: Specialists Of High Returns Amid Low Growth