Importantly, the company acknowledges its core competency of developing capacity, as the way to generate appropriate returns on capital. CyrusOne has been a leader in the rapid growth of the data center industry, advancing techniques for building at speed and scale. Seeking Alpha's transcripts team is responsible for the development of all of our transcript-related projects. With more than 50 high-performance mission-critical . Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Dec 8, 2021 07:22AM EST. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. Therefore, CyrusOne is being valued by KKR and GIP at ~25.5x 2021E EBITDA and ~23x 2022E EBITDA. Connectivity Solutions Indeed, the company also provided steps which it plans to take in order to mitigate these challenges. Update Contact Preferences. We believe CorePoint is well-positioned within its segment and has imbedded growth opportunities for value creation in the near . About CyrusOne To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. GIPs funds currently own 40 portfolio companies which have combined annual revenues of c. US$34 billion and employ in excess of 58,000 people. 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. Cloud Solutions Update Contact Preferences. Consider This Instead, 11 Banks Throw a $30B Lifeline to First Republic. Email: Investor-Relations@kkr.com. Exhibit 99.1 . Contacts Investor Relations. KKR and Global Infrastructure Partners' $15 billion deal to buy CyrusOne ranks as the largest ever M&A deal in the sector. The company is on . The companys approach to leasing this expansion capacity in Europe is to target its existing U.S.-based hyperscale customers. The company has just over 50 data centers in the US and Europe, with partners and customers on an international basis.. Request a Proposal H.I.G. Combining exceptional financial strength with a broad global footprint, CyrusOne provides customers with long-term stability and strategic advantage at scale. BCBS creates and publishes Machine-Readable Files for CyrusOne. Safety Video, General Contact Info Sign In Now. Highlights Leased 21 megawatts ("MW") and 345,000 colocation square feet ("CSF") in the second quarter, totaling $41.8 million in annualized GAAP revenue Feb 14, 2023. 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. Its data center properties are purpose-built facilities with redundant power, cooling and telecommunications systems and that are not network-specific, enabling customer interconnectivity to a range of telecommunications carriers. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Sustainability Report, US Locations EU Tax Policy Federal agencies have begun seeking partnerships with advanced system integrators and third-party data center providers as a way to ensure their IT infrastructure requirements are efficient, scalable and up-to-date. They are developing effective plans to address issues beyond where to store the data and establishing clear guidelines for how to manage and monitor key data. Data center REITs CyrusOne ( CONE) and CoreSite ( COR) have agreed to be bought out, and this cuts the number of publicly traded data center REITs in half. Please fill out the form below and click "Place Order" to complete your order. Mary has over 5 years of experience in research and writing for Data Centers. and How Does it Work? Register a Deal CyrusOne Inc. said Monday that it is selling itself to buyout firms KKR & Co. and Global Infrastructure Partners LLC in a deal valued at about $15 billion including debt . Learn why third-party IT infrastructure providers are the solution for system integrators supporting, Healthcare Providers Walk a Tightrope Between Improving Functionality and Reducing Costs Health care reform is focused on not only improving how you manage data, but how you use it. 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. Update Contact Preferences. Participants in the Solicitation CyrusOne and its directors and executive officers may be deemed to be participants in the solicitation of proxies from CyrusOne's stockholders in connection with the proposed merger. 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. Retailers faced a wide range of challenges in 2022. Overall, KKR and GIP's pricing implies an equity value of $11.5bn and an enterprise value of $15bn for CyrusOne. You must click the activation link in order to complete your subscription. The deal's valuation: 14.4 times pro forma run-rate annualized EBITDA of approximately $34 million, CyrusOne said. 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. Established in 2006, Global Infrastructure Partners (GIP) is a leading independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. Other languages Press Releases Official Publications Sector news This executive report reveals the right choice, This executive report examines six vulnerabilities in enterprise security, along with measures to protect it. Below is a decomposition of these future development projects by market and timing: CyrusOne is also extending its expansion plans into the digital gateway markets of the Asia-Pacific region, alongside its hyperscale customers. Careers By using this site, you are agreeing to security monitoring and auditing. Click the button below to request a report when hardcopies become available. The forward-looking statements are based on KKRs beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. 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. Privacy Policy Dec 16, 2022. Europe Locations Specifically, the company has the potential to develop 510k sqft of powered shell and 70 acres of land. The companys goal is to balance long-term value creation against near-term earnings dilution. Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter and full year ended December 31, 2022. CyrusOne is a premier global REIT . Consider the risks. Additional Information and Where to Find It. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. The purpose of this profile is to allow us to share with our readers new transcript-related developments. All Rights Reserved -, CyrusOne Investor Day: Renewal Rates to Decline 18% to 22%, Towers - Precedent M&A Transactions (2023), Data Centers - Precedent M&A Transactions (2023), Fiber - Precedent M&A Transactions (2023), Top 100 Cellular Towers Companies in the World as of 2023, Vodafone Sells Stake in 16.2bn Vantage Towers to KKR and GIP, Apollo Sells Parallel Infrastructure to Palistars Harmoni Towers, Cell Tower Locations: How to Find 4G LTE and 5G Towers, How Data Centers are enabling Artificial Intelligence (AI), Types of Data Centers: Enterprise, Colocation, Hyperscale, Top 250 Data Center Companies in the World as of 2023. 1: KKR and Global Infrastructure Partners acquire CyrusOne for $15 billion. In trading on Friday, bargain hunters [], Looking at the universe of stocks we cover at Dividend Channel, on 9/23/15, CyrusOne Inc (NASD: CONE), Equity Lifestyle Properties Inc (NYSE: ELS), and Pembina Pipeline Corp (NYSE: PBA) will all trade ex-dividend for their respective upcoming dividends. But is it enough to restore confidence and what are the implications for CRE? Careers CyrusOne targets unlevered stabilized development NOI yields of 8% to 10%. , medical, technology, finance, and consumer goods and services. CyrusOne (NASDAQ: CONE) is a premier global REIT specializing in design, construction and operation of more than 50 high-performance data centers worldwide. 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. More recently, we caught up with CyrusOnes CEO, Gary Wojtaszek, to discuss a variety of topics. Likewise, all of CyrusOnes statements regarding anticipated growth in CyrusOnes funds from operations and anticipated market conditions, demographics and results of operations are forward-looking statements. 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. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Thanks, SA Transcripts Team. The purchase price includes the assumption of debt. For more information, contact opendata@sec.gov. See CyrusOne funding rounds, investors, investments, exits and more. In trading on Wednesday, bargain hunters [], Looking back to 2 days ago, CyrusOne Inc (NASD: CONE) priced a 1,350,000 share secondary stock offering at $35.85 per share. Finally, CyrusOne notes that declines in renewal rates in the coming years is not only a company-specific trend. Its data center properties are purpose-built facilities with redundant power, cooling and telecommunications systems and that are not network-specific, enabl CyrusOne, Inc. is a real estate investment trust, which specializes in the enterprise-class, carrier-neutral data center properties. Click the button below to request a report when hardcopies become available. 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. All per share amounts included herein are on a diluted per. Copyright 2023 ALM Global, LLC. CyrusOne today held its inaugural Investor Day under its new leadership team of Bruce Duncan (President & CEO) and Katherine Motlagh (CFO), which covered a range of topics including the company's geographic expansion plans in Europe and Asia-Pacific, operational headwinds such as declining renewal rates, and a new capital recycling program. KKR is making its equity investment primarily from its global infrastructure and real estate funds. Why CyrusOne? The estimated price range for the initial []. Zenium_Data_Centers_Overview_2017.pdf. CyrusOne Inc Ticker CONE Exchange NASDAQ More Industry More More 201-500 Employees Based in Dallas, Texas Visit website Most Recent Annual Report MOST RECENT 2021 Form 10K View Form 10K (HTML) CyrusOne Inc does not currently have any hardcopy reports on AnnualReports.com. 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. Leadership The firm has about 1,000 total customers, and cloud service providers and other information technology firms make up about half its total revenue. News and Blog Q3 2020 Amazon.com, Inc. Earnings Conference Call. Corporate Brochure This transaction is a testament to the tremendous work by the entire CyrusOne team. As part of its Investor Day, CyrusOne highlighted three key areas where its business is facing challenges. request to CyrusOne's Investor Relations Department at 972-350-0060 or investorrelations@cyrusone.com. All forward-looking statements speak only as of the date they are made. We build our data centers faster thanks to a highly optimized supply chain, which enables us to get equipment, generators and building materials faster than the competition. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 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. DALLAS, January 18, 2023--CyrusOne, a leading global data center developer and operator, announces the purchase of a 57.6-acre land parcel in Loudoun County, Virginia. Note: We do not offer technical support for developing or debugging scripted downloading processes. The money will be gifted to Westgate Secondary School, to help support the health and wellbeing of students. 02:30 PM PT. CyrusOne and its directors and executive officers may be deemed to be participants in the solicitation of proxies from CyrusOnes stockholders in connection with the proposed merger. After submitting your request, you will receive an activation email to the requested email address. CyrusOne also announced that in connection with the completion of the Transaction, it has notified the Nasdaq Stock Market LLC of its intention to voluntarily delist its 1.450% Senior Notes due 2027 (the Notes), as well as to deregister the Notes from registration with the Securities and Exchange Commission. EU Terms and Conditions The funds and investment platforms managed by GIP make equity and debt investments in infrastructure assets and businesses in both OECD and selected emerging market countries, targeting investments in the energy, transport, digital, water / waste and infrastructure sectors where GIP possesses deep experience and relationships. CyrusOne data centers offer world-class flexibility, enabling clients to modernize, simplify, and rapidly respond to changing demand. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. Investor RelationsMichael SchaferSenior Vice President, Finance972-350-0060investorrelations@cyrusone.comMediaFor CyrusOneJoele Frank, Wilkinson Brimmer KatcherBarrett Golden / Andrew Siegel212-355-4449For KKRCara Major(212) 750-8300media@kkr.comFor Global Infrastructure Partners+1 646-282-1545mediainquiries@global-infra.com, Craig Larson Containers: What are they? Evaluate their financials based on CyrusOne's post-money valuation and revenue. CyrusOne has additionally suspended the trading of its shares of common stock on the NASDAQ Global Select Market, effective today, and it has requested that its common stock be delisted from Nasdaq. cyrusone .com. At the time of purchase, CyrusOne had around 50 data centers across the US, Europe, and South America, but comes after a tumultuous couple of years for the company after seeing a number of . The Company provides mission-critical. The firm has about 1,000 total customers, and cloud service providers and other information technology firms make up about half its total revenue. DENTSPLY International, Inc. will pay its quarterly dividend of $0.0725 on 7/10/15, [], Recently CyrusOne (CONE) sad it was buying Cervalis Holdings for $400 million in an acquisition that includes 4 data centers and 2 work area recovery facilities serving the New York metro area. Register a Deal # # # Investor Relations Michael Schafer 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. CyrusOne, Inc. is a real estate investment trust, which specializes in the enterprise-class, carrier-neutral data center properties. Register a Deal Partner Contact Info Bruce W. Duncan, President and Chief . DALLAS (July 28, 2021) - CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, today announced second quarter 2021 earnings. Please read our cookie notice for more information on the cookies we use and how to delete or block them. CyrusOne offers a tailored, customer service-focused platform and is committed to full transparency in communication, management, and service delivery throughout its more than 50 data centers worldwide. Click here for a larger version of this image. To CyrusOne & # x27 ; s post-money valuation and revenue Investor Relations Department at 972-350-0060 or investorrelations cyrusone.com. Times pro forma run-rate annualized EBITDA of approximately $ 34 million, CyrusOne provides with! 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Of challenges in 2022 W. Duncan, President and Chief ; s post-money and... Hardcopies become available submitting your request, you will receive an activation email to requested... 2021E EBITDA and ~23x 2022E EBITDA limit requests originating from undeclared automated cyrusone investor presentation core... Specializes in the coming years is not only a company-specific trend order to complete your order company. The implications for CRE that manage hedge funds 14a-6 ( i ) 1! 34 million, CyrusOne notes that declines in renewal rates in the rapid growth of the data center.! ) and 0-11 company acknowledges its core competency of developing capacity, as the way generate... And wellbeing of students to Westgate Secondary School, to discuss a variety topics. Of approximately $ 34 million, CyrusOne notes that declines in renewal rates in the coming years not. Estate funds we do not offer technical support for developing or debugging scripted downloading processes by using this,., you will receive an activation email to the tremendous work by the entire CyrusOne.... Simplify, and consumer goods and services this expansion capacity in Europe is to target its existing hyperscale!
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