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QTS Realty Trust

NYSE:QTS
Snowflake Description

Reasonable growth potential average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QTS
NYSE
$3B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

QTS Realty Trust, Inc. (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 6 million square feet of owned mega scale data center space throughout primarily North America and Europe. The last earnings update was 15 days ago. More info.


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QTS Share Price and Events
7 Day Returns
0.5%
NYSE:QTS
-0.3%
US REITs
-2.1%
US Market
1 Year Returns
22.4%
NYSE:QTS
13.8%
US REITs
1.3%
US Market
QTS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
QTS Realty Trust (QTS) 0.5% 1.2% 3.4% 22.4% -11.5% 58.7%
US REITs -0.3% 2.4% 3.2% 13.8% 11.3% 25.6%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • QTS outperformed the REITs industry which returned 13.8% over the past year.
  • QTS outperformed the Market in United States of America which returned 1.3% over the past year.
Price Volatility
QTS
Industry
5yr Volatility vs Market

QTS Value

 Is QTS Realty Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of QTS Realty Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for QTS Realty Trust.

NYSE:QTS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:QTS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (47.11%))
0.817
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.817 * 5.96%)
7.6%

Discounted Cash Flow Calculation for NYSE:QTS using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for QTS Realty Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

QTS Realty Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:QTS DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 7.6%)
2019 159.06 Analyst x12 147.83
2020 183.33 Analyst x12 158.36
2021 213.32 Analyst x4 171.25
2022 243.02 Analyst x2 181.32
2023 266.65 Analyst x2 184.90
2024 291.88 Est @ 9.46% 188.11
2025 313.61 Est @ 7.44% 187.84
2026 332.52 Est @ 6.03% 185.11
2027 349.28 Est @ 5.04% 180.71
2028 364.46 Est @ 4.35% 175.25
Present value of next 10 years cash flows $1,760.69
NYSE:QTS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $364.46 × (1 + 2.73%) ÷ (7.6% – 2.73%)
$7,693.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,693.24 ÷ (1 + 7.6%)10
$3,699.27
NYSE:QTS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,760.69 + $3,699.27
$5,459.96
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,459.96 / 62.15
$88.5
NYSE:QTS Discount to Share Price
Calculation Result
Value per share (USD) From above. $88.50
Current discount Discount to share price of $46.18
= -1 x ($46.18 - $88.50) / $88.50
47.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price QTS Realty Trust is available for.
Intrinsic value
48%
Share price is $46.18 vs Future cash flow value of $88.5
Current Discount Checks
For QTS Realty Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • QTS Realty Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • QTS Realty Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for QTS Realty Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are QTS Realty Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:QTS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.21
NYSE:QTS Share Price ** NYSE (2019-05-24) in USD $46.18
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.62x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of QTS Realty Trust.

NYSE:QTS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:QTS Share Price ÷ EPS (both in USD)

= 46.18 ÷ -0.21

-219.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • QTS Realty Trust is loss making, we can't compare its value to the US REITs industry average.
  • QTS Realty Trust is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does QTS Realty Trust's expected growth come at a high price?
Raw Data
NYSE:QTS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -219.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
36.3%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.39x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for QTS Realty Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on QTS Realty Trust's assets?
Raw Data
NYSE:QTS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $16.55
NYSE:QTS Share Price * NYSE (2019-05-24) in USD $46.18
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NYSE:QTS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:QTS Share Price ÷ Book Value per Share (both in USD)

= 46.18 ÷ 16.55

2.79x

* Primary Listing of QTS Realty Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • QTS Realty Trust is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess QTS Realty Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. QTS Realty Trust has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

QTS Future Performance

 How is QTS Realty Trust expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
36.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is QTS Realty Trust expected to grow at an attractive rate?
  • QTS Realty Trust's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • QTS Realty Trust's earnings growth is expected to exceed the United States of America market average.
  • QTS Realty Trust's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:QTS Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:QTS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 36.3%
NYSE:QTS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 10.7%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:QTS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:QTS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 713 330 69 1
2022-12-31 649 309 55 1
2021-12-31 603 287 43 4
2020-12-31 527 236 18 13
2019-12-31 469 222 23 14
NYSE:QTS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 449 184 -11
2018-12-31 451 191 -22
2018-09-30 457 196 -35
2018-06-30 459 184 -16
2018-03-31 454 191 -5
2017-12-31 447 170 1
2017-09-30 433 171 20
2017-06-30 423 163 19
2017-03-31 414 172 20
2016-12-31 402 154 22
2016-09-30 390 140 21
2016-06-30 375 136 23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • QTS Realty Trust's earnings are expected to grow significantly at over 20% yearly.
  • QTS Realty Trust's revenue is expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:QTS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from QTS Realty Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:QTS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.90 1.47 0.32 2.00
2022-12-31 0.75 1.16 0.34 2.00
2021-12-31 0.69 0.86 0.35 4.00
2020-12-31 0.25 0.55 -0.23 10.00
2019-12-31 0.36 0.48 0.20 8.00
NYSE:QTS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.21
2018-12-31 -0.44
2018-09-30 -0.69
2018-06-30 -0.31
2018-03-31 -0.10
2017-12-31 0.01
2017-09-30 0.41
2017-06-30 0.39
2017-03-31 0.42
2016-12-31 0.47
2016-09-30 0.48
2016-06-30 0.53

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if QTS Realty Trust will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess QTS Realty Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
QTS Realty Trust has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

QTS Past Performance

  How has QTS Realty Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare QTS Realty Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • QTS Realty Trust does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare QTS Realty Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare QTS Realty Trust's 1-year growth to the US REITs industry average as it is not currently profitable.
Earnings and Revenue History
QTS Realty Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from QTS Realty Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:QTS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 449.24 -10.69 78.51
2018-12-31 450.52 -22.07 80.86
2018-09-30 457.10 -34.79 84.01
2018-06-30 458.65 -15.54 85.74
2018-03-31 454.24 -4.76 87.27
2017-12-31 446.51 0.69 87.23
2017-09-30 433.04 19.58 87.86
2017-06-30 422.74 18.64 86.15
2017-03-31 413.56 20.28 85.20
2016-12-31 402.36 21.53 83.29
2016-09-30 389.61 21.32 82.63
2016-06-30 375.04 22.60 82.12
2016-03-31 344.47 22.13 75.13
2015-12-31 311.08 20.33 67.78
2015-09-30 277.96 20.35 59.88
2015-06-30 247.01 16.50 51.49
2015-03-31 230.23 14.96 48.34
2014-12-31 217.79 15.07 45.28
2014-09-30 205.66 14.20 42.79
2014-06-30 193.73 13.75 41.84
2014-03-31 185.33 9.43 40.07
2013-12-31 177.89 3.15 39.18
2013-09-30 168.63 -2.21 38.91
2013-06-30 158.87 -6.67 37.49
2013-03-31 151.59 -8.64 36.39
2012-12-31 145.76 -9.77 35.39

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • QTS Realty Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • QTS Realty Trust used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • It is difficult to establish if QTS Realty Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess QTS Realty Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
QTS Realty Trust has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

QTS Health

 How is QTS Realty Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up QTS Realty Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • QTS Realty Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • QTS Realty Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of QTS Realty Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from QTS Realty Trust Company Filings, last reported 1 month ago.

NYSE:QTS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,434.48 1,342.14 20.58
2018-12-31 1,296.69 1,345.12 17.06
2018-09-30 1,327.23 1,176.83 25.28
2018-06-30 1,359.91 1,095.37 62.47
2018-03-31 1,080.20 1,235.02 23.32
2017-12-31 990.66 1,229.93 9.64
2017-09-30 1,008.11 1,099.32 9.27
2017-06-30 962.36 1,071.22 42.60
2017-03-31 938.28 1,031.99 18.26
2016-12-31 952.81 965.83 9.58
2016-09-30 964.74 863.06 11.77
2016-06-30 975.84 828.22 12.78
2016-03-31 710.48 944.96 9.74
2015-12-31 719.87 861.57 8.80
2015-09-30 728.55 820.94 10.73
2015-06-30 734.49 754.06 10.74
2015-03-31 538.22 537.32 5.75
2014-12-31 380.19 637.23 10.79
2014-09-30 383.88 590.89 5.05
2014-06-30 389.97 531.34 7.49
2014-03-31 395.17 405.84 7.93
2013-12-31 399.70 348.33 5.21
2013-09-30 124.92 611.92 6.50
2013-06-30 129.38 561.62 4.70
2013-03-31 121.68 518.01 8.23
2012-12-31 121.68 518.01 8.23
  • QTS Realty Trust's level of debt (93.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (103.1% vs 93.6% today).
  • Debt is not well covered by operating cash flow (13.7%, less than 20% of total debt).
  • QTS Realty Trust is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess QTS Realty Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. QTS Realty Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

QTS Dividends

 What is QTS Realty Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.81%
Current annual income from QTS Realty Trust dividends. Estimated to be 4.12% next year.
If you bought $2,000 of QTS Realty Trust shares you are expected to receive $76 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • QTS Realty Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • QTS Realty Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
Upcoming dividend payment

Purchase QTS Realty Trust before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:QTS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:QTS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.24 3.00
2022-12-31 2.11 3.00
2021-12-31 1.99 6.00
2020-12-31 1.87 13.00
2019-12-31 1.76 12.00
NYSE:QTS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-13 1.760 3.859
2019-02-22 1.760 3.971
2018-11-08 1.640 4.125
2018-08-10 1.640 3.837
2018-05-10 1.640 4.123
2018-04-25 1.640 4.688
2018-02-28 1.640 4.649
2018-02-20 1.640 4.748
2017-08-03 1.560 2.929
2017-05-05 1.560 2.984
2017-02-17 1.560 3.109
2016-11-07 1.440 2.953
2016-08-03 1.440 2.757
2016-05-04 1.440 2.667
2016-02-22 1.440 3.050
2015-11-11 1.280 2.957
2015-08-06 1.280 3.009
2015-05-05 1.280 3.370
2015-02-23 1.280 3.501
2014-11-20 1.160 3.284
2014-08-13 1.160 3.670
2014-05-06 1.160 4.056
2014-02-13 1.160 4.571
2013-11-21 1.160 5.156

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, QTS Realty Trust has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but QTS Realty Trust only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of QTS Realty Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (113.6x coverage).
X
Income/ dividend checks
We assess QTS Realty Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can QTS Realty Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. QTS Realty Trust has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

QTS Management

 What is the CEO of QTS Realty Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chad Williams
COMPENSATION $6,326,927
AGE 47
TENURE AS CEO 6 years
CEO Bio

Mr. Chad L. Williams has been the Chief Executive Officer, President and Chairman of QTS Realty Trust, Inc. since May 2013 and was the Chairman and Chief Executive Officer of predecessor of QTS Realty Trust, Inc. from 2003 until the initial public offering of QTS Realty Trust, Inc. in October 2013. Mr. Williams has more than 27 years of experience in the management and development of various private companies and more than 18 years of experience in the ownership, management and development of commercial real estate. He co-founded Quality Technology Services, LLC since 2005 and has been its Chairman & Chief Executive Officer since 2005. Mr. Williams currently serves on the board of directors for the U.S. Dream Academy. He has diversified quality into a multi-faceted organization with mission-critical real estate development as the primary business. He served as Chief Executive Officer of Quality Technical Services, Inc. He served as the Chairman and President of Quality Group of Companies, Inc. and served as its Chief Executive Officer since 1988.

CEO Compensation
  • Chad's compensation has increased whilst company is loss making.
  • Chad's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the QTS Realty Trust management team in years:

3.1
Average Tenure
50
Average Age
  • The tenure for the QTS Realty Trust management team is about average.
Management Team

Chad Williams

TITLE
Chairman
COMPENSATION
$6M
AGE
47
TENURE
6 yrs

Jeff Berson

TITLE
Chief Financial Officer
COMPENSATION
$2M
AGE
50
TENURE
2.1 yrs

Jon Greaves

TITLE
Chief Technology Officer
COMPENSATION
$2M
AGE
46
TENURE
3.1 yrs

Shirley Goza

TITLE
General Counsel
COMPENSATION
$1M
AGE
61
TENURE
5.6 yrs

Steve Bloom

TITLE
Chief People Officer
COMPENSATION
$1M
AGE
54
TENURE
2.8 yrs

David Robey

TITLE
Chief Operating Officer
AGE
50
TENURE
1.3 yrs

Stephen Douglas

TITLE
Vice President of Finance & Investor Relations
TENURE
4.3 yrs

Tag Greason

TITLE
Chief Hyperscale Officer
TENURE
7.4 yrs

Dave Stinson

TITLE
Executive Vice President of Sales

David McOmber

TITLE
Executive Vice President of Public Sector & Federal Sales
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the QTS Realty Trust board of directors in years:

5.8
Average Tenure
65
Average Age
  • The tenure for the QTS Realty Trust board of directors is about average.
Board of Directors

Chad Williams

TITLE
Chairman
COMPENSATION
$6M
AGE
47
TENURE
6 yrs

John Barter

TITLE
Director
COMPENSATION
$225K
AGE
71
TENURE
5.8 yrs

Cathy Kinney

TITLE
Director
COMPENSATION
$225K
AGE
66
TENURE
5.8 yrs

Peter Marino

TITLE
Independent Director
COMPENSATION
$218K
AGE
76
TENURE
5.8 yrs

Phil Trahanas

TITLE
Lead Independent Director
COMPENSATION
$260K
AGE
47
TENURE
5.3 yrs

Bill Grabe

TITLE
Director
COMPENSATION
$220K
AGE
80
TENURE
5.8 yrs

Scott Miller

TITLE
Director
COMPENSATION
$218K
AGE
65
TENURE
5.8 yrs

Stephen Westhead

TITLE
Director
COMPENSATION
$228K
AGE
54
TENURE
5.8 yrs

Charles Barlow

TITLE
Member of Federal Advisory Board
TENURE
1.4 yrs

Jamie Dos Santos

TITLE
Member of Federal Advisory Board
AGE
56
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • QTS Realty Trust insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. May 19 Sell Jon Greaves Individual 20. May 19 20. May 19 -5,555 $45.55 $-253,017
05. Nov 18 Buy Chad Williams Individual 02. Nov 18 02. Nov 18 17,500 $39.17 $685,475
31. Aug 18 Sell Stephen Westhead Individual 29. Aug 18 29. Aug 18 -1,924 $46.25 $-88,985
07. Aug 18 Buy Catherine Kinney Individual 06. Aug 18 06. Aug 18 1,400 $44.07 $61,698
04. Jun 18 Buy Chad Williams Individual 31. May 18 31. May 18 30,000 $37.68 $1,130,400
X
Management checks
We assess QTS Realty Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. QTS Realty Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

QTS News

Simply Wall St News

Is QTS Realty Trust, Inc.'s (NYSE:QTS) CEO Overpaid Relative To Its Peers?

See our latest analysis for QTS Realty Trust How Does Chad Williams's Compensation Compare With Similar Sized Companies? … The graphic below shows how CEO compensation at QTS Realty Trust has changed from year to year. … Whatever your view on compensation, you might want to check if insiders are buying or selling QTS Realty Trust shares (free trial).

Simply Wall St -

What You Need To Know Before Investing In QTS Realty Trust, Inc. (NYSE:QTS)

real estate investment trust (REIT) based in Overland Park, United States. … REIT shares give you ownership of the company than owns and manages various income-producing property, whether it be commercial, industrial or residential. … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation.

Simply Wall St -

Should You Take Comfort From Insider Transactions At QTS Realty Trust, Inc. (NYSE:QTS)?

So we'll take a look at whether insiders have been buying or selling shares in QTS Realty Trust, Inc. … QTS Realty Trust Insider Transactions Over The Last Year. … In total, QTS Realty Trust insiders bought more than they sold over the last year

Simply Wall St -

The QTS Realty Trust Share Price Is Up 70% And Shareholders Are Holding On

(NYSE:QTS) shareholders have enjoyed a 70% share price rise over the last half decade, well in excess of the market return of around 57%. … While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … During the five years of share price growth, QTS Realty Trust moved from a loss to profitability.

Simply Wall St -

How Should You Analyze REIT Stock QTS Realty Trust, Inc. (NYSE:QTS)?

real estate investment trust (REIT) based in Overland Park, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent

Simply Wall St -

Have Insiders Been Buying QTS Realty Trust Inc (NYSE:QTS) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in QTS Realty Trust Inc (NYSE:QTS). … The Last 12 Months Of Insider Transactions At QTS Realty Trust. … In any event it's generally a positive if insiders are buying shares at around the current price.

Simply Wall St -

How Should You Analyze REIT Stock QTS Realty Trust Inc (NYSE:QTS)?

QTS Realty Trust Inc is a US$2.2b. … real estate investment trust (REIT) based in Overland Park, United States. … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation.

Simply Wall St -

Does QTS Realty Trust Inc (NYSE:QTS) Have A Place In Your Portfolio?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … QTS Realty Trust Inc (NYSE:QTS) has returned to shareholders over the past 5 years, an average dividend yield of 4.00% annually. … Let's take a look at QTS Realty Trust in more detail.

Simply Wall St -

Only 9 Days Left To Cash In On QTS Realty Trust Inc (NYSE:QTS) Dividend, Is It Worth Buying?

On the 06 July 2018, QTS Realty Trust Inc (NYSE:QTS) will be paying shareholders an upcoming dividend amount of $0.41 per share. … 5 questions I ask before picking a dividend stock? … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:

Simply Wall St -

Only 3 Days Left Before QTS Realty Trust Inc (NYSE:QTS) Will Start Trading Ex-Dividend, Is It Worth Buying?

Investors who want to cash in on QTS Realty Trust Inc's (NYSE:QTS) upcoming dividend of $0.41 per share have only 3 days left to buy the shares before its ex-dividend date, 21 March 2018, in time for dividends payable on the 05 April 2018. … Check out our latest analysis for QTS Realty Trust 5 questions I ask before picking a dividend stock When researching a dividend stock, I always follow the following screening criteria: Is its annual yield among the top 25% of dividend-paying companies? … Although REITs are expected to payout a high portion of the earnings, QTS Realty Trust currently pays out more than double its net income, which suggests that the dividend is not well-covered by earnings by any means.

Simply Wall St -

QTS Company Info

Description

QTS Realty Trust, Inc. (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 6 million square feet of owned mega scale data center space throughout primarily North America and Europe. Through its software-defined technology platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities. QTS owns, operates or manages 26 data centers and supports more than 1,100 customers primarily in North America and Europe.

Details
Name: QTS Realty Trust, Inc.
QTS
Exchange: NYSE
Founded: 2013
$2,849,182,862
$2,557,916,988
62,154,949
Website: http://www.qtsdatacenters.com
Address: QTS Realty Trust, Inc.
12851 Foster Street,
Overland Park,
Kansas, 66213,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE QTS Class A Common Stock New York Stock Exchange US USD 09. Oct 2013
NYSE QTS.PRA 7.12% CUM PFD A New York Stock Exchange US USD 09. Mar 2018
NYSE QTS.PRB 6.50% CON PFD B New York Stock Exchange US USD 21. Jun 2018
Number of employees
Current staff
Staff numbers
606
QTS Realty Trust employees.
Industry
Specialized REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 00:39
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.