COR

CoreSite RealtyNYSE:COR Stock Report

Market Cap

US$7.3b

7D

-0.8%

1Y

24.4%

Updated

16 Sep, 2021

Data

Company Financials +
COR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance5/6
Financial Health1/6
Dividends5/6

COR Overview

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center, cloud access and interconnection solutions to a growing customer ecosystem across eight key North American markets.

CoreSite Realty Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CoreSite Realty
Historical stock prices
Current Share PriceUS$149.10
52 Week HighUS$107.23
52 Week LowUS$155.40
Beta0.30
1 Month Change2.77%
3 Month Change12.41%
1 Year Change24.39%
3 Year Change28.71%
5 Year Change91.84%
Change since IPO831.29%

Recent News & Updates

May 28

CoreSite Realty: A Lofty Firm But Not A Bad Prospect

CoreSite Realty has done well to grow its business over the past several years, including through the COVID-19 pandemic. The business is likely to fare well in the long run and will probably deliver good value to investors. Shares do look lofty, but for patient investors, it's not a bad prospect by any means.

Shareholder Returns

CORUS REITsUS Market
7D-0.8%-0.7%-0.6%
1Y24.4%30.8%33.7%

Return vs Industry: COR underperformed the US REITs industry which returned 28.4% over the past year.

Return vs Market: COR underperformed the US Market which returned 30.7% over the past year.

Price Volatility

Is COR's price volatile compared to industry and market?
COR volatility
COR Beta0.30
Industry Beta0.82
Market Beta1

Stable Share Price: COR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: COR's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010481Paul Szurekhttps://www.CoreSite.com

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center, cloud access and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,375 of the world’s leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 460+ dedicated employees consistently deliver unmatched data center options — all of which leads to a best-in-class customer experience and lasting relationships.

Valuation

Is CoreSite Realty undervalued compared to its fair value and its price relative to the market?

20.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: COR ($147.99) is trading below our estimate of fair value ($187.13)

Significantly Below Fair Value: COR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: COR is poor value based on its PE Ratio (82.4x) compared to the US REITs industry average (47.4x).

PE vs Market: COR is poor value based on its PE Ratio (82.4x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: COR is poor value based on its PEG Ratio (5.1x)


Price to Book Ratio

PB vs Industry: COR is overvalued based on its PB Ratio (370.8x) compared to the US REITs industry average (1.9x).


Future Growth

How is CoreSite Realty forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

16.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COR's forecast earnings growth (16% per year) is above the savings rate (2%).

Earnings vs Market: COR's earnings (16% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: COR's earnings are forecast to grow, but not significantly.

Revenue vs Market: COR's revenue (7.6% per year) is forecast to grow slower than the US market (9.5% per year).

High Growth Revenue: COR's revenue (7.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: COR's Return on Equity is forecast to be very high in 3 years time (464.2%).


Past Performance

How has CoreSite Realty performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COR has high quality earnings.

Growing Profit Margin: COR's current net profit margins (14%) are higher than last year (12.8%).


Past Earnings Growth Analysis

Earnings Trend: COR's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: COR's earnings growth over the past year (17%) exceeds its 5-year average (11.1% per year).

Earnings vs Industry: COR earnings growth over the past year (17%) exceeded the REITs industry 3.9%.


Return on Equity

High ROE: Whilst COR's Return on Equity (461.9%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is CoreSite Realty's financial position?


Financial Position Analysis

Short Term Liabilities: COR's short term assets ($83.8M) do not cover its short term liabilities ($149.8M).

Long Term Liabilities: COR's short term assets ($83.8M) do not cover its long term liabilities ($2.0B).


Debt to Equity History and Analysis

Debt Level: COR's debt to equity ratio (8146.2%) is considered high.

Reducing Debt: COR's debt to equity ratio has increased from 81.8% to 8146.2% over the past 5 years.

Debt Coverage: COR's debt is not well covered by operating cash flow (15.8%).

Interest Coverage: COR's interest payments on its debt are well covered by EBIT (3x coverage).


Balance Sheet


Dividend

What is CoreSite Realty current dividend yield, its reliability and sustainability?

3.41%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 16 2021Ex Dividend DateSep 29 2021Dividend Pay DateOct 15 202116 days from Ex DividendBuy in the next 13 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: COR's dividend (3.43%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: COR's dividend (3.43%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: COR's dividends per share have been stable in the past 10 years.

Growing Dividend: COR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (88.5%), COR's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: COR's dividends in 3 years are forecast to be covered by earnings (88.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Paul Szurek (60 yo)

5yrs

Tenure

US$5,858,760

Compensation

Mr. Paul E. Szurek has been Chief Executive Officer and President of CoreSite Realty Corporation since September 10, 2016. Mr. Szurek served as the Chief Financial Officer of Biltmore Farms, LLC since 2003...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD5.86M) is about average for companies of similar size in the US market ($USD6.45M).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: COR's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: COR's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: COR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CoreSite Realty Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: CoreSite Realty Corporation
  • Ticker: COR
  • Exchange: NYSE
  • Founded: 2010
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Implied Market Cap: US$7.294b
  • Market Cap: US$6.591b
  • Shares outstanding: 48.92m
  • Website: https://www.CoreSite.com

Number of Employees


Location

  • CoreSite Realty Corporation
  • 1001 17th Street
  • Suite 500
  • Denver
  • Colorado
  • 80202
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 04:46
End of Day Share Price2021/09/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.