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CoreSite Realty sees FY18 EPS $2.15-$2.27, consensus $2.20.

CoreSite is introducing its 2018 guidance of net income attributable to common shares in the range of $2.15 to $2.27 per diluted share. In addition, the company's guidance of FFO per diluted share and unit is a range of $4.92 to $5.04, with the difference between net income and FFO being real estate depreciation and amortization. CoreSite's 2018 guidance of FFO per diluted share reflects the company's adoption of two new accounting standards - revenue recognition and lease accounting, which are cumulatively expected to reduce FFO per diluted share by approximately $0.06 per share. Absent these accounting changes, CoreSite's 2018 guidance midpoint would reflect 11.5% year-over-year growth.

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Publication:The Fly
Date:Feb 8, 2018
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