Reuters logo
BRIEF-Cyrusone Inc says announcing an 11% increase in 1Q'17 dividend per share to $0.42
February 22, 2017 / 11:00 PM / 9 months ago

BRIEF-Cyrusone Inc says announcing an 11% increase in 1Q'17 dividend per share to $0.42

Feb 22 (Reuters) - Cyrusone Inc

* Cyrusone reports fourth quarter and full year 2016 earnings

* Q4 adjusted FFO per share $0.68

* Q4 revenue $137.4 million versus I/B/E/S view $136.3 million

* Cyrusone Inc says announcing an 11% increase in 1Q‘17 dividend per share to $0.42

* Cyrusone Inc sees 2017 normalized FFO per share $2.85 - 2.95

* Cyrusone Inc sees 2017 capital expenditures $550 - 600 million

* Cyrusone says to acquire two data centers in Raleigh-Durham, North Carolina, Somerset, New Jersey from Sentinel; total purchase price is $490 million

* Cyrusone Inc says acquisition is expected to be immediately accretive to normalized FFO per diluted share

* Cyrusone Inc says intends to finance acquisition with proceeds of approximately $211 million from early settlement of its forward equity sale

* Cyrusone Inc says also intends to finance acquisition with its recently expanded credit facility Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below