67 WALL STREET, New York - September 18, 2012 - The Wall Street Transcript has just published its Data Hosting Centers and Data Storage Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Data Hosting Centers - Flash Memory - Cloud Computing Secular Trends - Internet Infrastructure Build - IT Consolidation Activity - Mobile Computing - Cybersecurity
Companies include: DuPont Fabros Technology, Inc. (DFT)
In the following excerpt from the Data Hosting Centers and Data Storage Report, the CFO of DuPont Fabros discusses the outlook for his company for investors:
TWST: Please give us a history and an overview of DuPont Fabros.
Mr. Wetzel: Absolutely. The company has been around since approximately 1990. We went public in 1997, so we are coming up on five years as a public company. Initially, we were focused on the Northern Virginia market, and at the beginning we had about four data centers. We have 10 now. We have grown, and we have expanded in Northern Virginia. We have developed a variety of different buildings. We opened a building at Chicago, we opened a building in Santa Clara, Calif., and one in Piscataway, N.J., so our growth has been pretty good even with the financial crisis.
Our balance sheet continues to evolve. We have low leverage, and we think that the data center space continues to grow in spite of a lot of worries about what's going on with the economy. The Internet continues to grow, which means that data is incredibly important and companies need to have a place to store that data, and we are an outsourcing solution for companies for their data center needs.
TWST: Why did you choose the REIT format? What was it that was so appealing about that?
Mr. Wetzel: Well, the essence of what we are is real estate, so when you think of the REIT space there's apartments, there's industrial, there's the malls. We are one of those specialty situations like BioMed (BMR), which is involved in the medical space, or other types of specialty REITs. It is a capital-intensive entity, a company that requires quite a bit of capital to start out because you need to acquire the real estate. At the end of the day, we own real estate and we lease the space to our tenants, so essentially we are a landlord.
TWST: Do you lease entire buildings, parts of the space, or do you do both?
For more from this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.