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QTS reports 3Q17 results; momentum from wholesale colocation deals

  • January 8, 2018
  • Analyst: Jabez Tan

QTS Realty Trust reported its 3Q17 results, which reflected strength in its wholesale colocation business driven by both massive-scale cloud and large enterprise customers across multiple facilities including Atlanta, Dallas, Chicago and Northern Virginia. The strength in its wholesale business was spread across several deals with the largest lease signed in the quarter representing 2.2 MW to a large healthcare insurance company. More details below.

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