Mark L. Wetzel, the EVP, CFO and Treasurer of DuPont Fabros Technology, Inc. (DFT), Interviews with The Wall Street Transcript
67 WALL STREET, New York - September 13, 2013 - 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 and Equity Analysts. 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 - Data Center REITs - Colocation, Managed Hosting and Cloud Computing - International Enterprise and Consumer Demand
Companies include: DuPont Fabros Technology, Inc. (DFT) and many more.
In the following excerpt from the Data Hosting Centers and Data Storage Report, the EVP, CFO and Treasurer of DuPont Fabros Technology, Inc. (DFT) discusses company strategy and the outlook for this vital industry:
TWST: To what extent are you growing, and are there any particular markets where you are looking to add space or expand in?
Mr. Wetzel: Since going public in 2007, we have developed in three additional submarkets, and we feel comfortable about our continued growth within our four current markets. Our tenants tend to want to be in the same submarkets. One of the benefits within our portfolio is that our tenants like the fact that, as their businesses and requirements grow, they can take additional space within our facilities.
As I mentioned previously, we tend to build fairly large buildings in multiple phases. Once a phase I is leased up, we build a phase II which accommodates our tenants' growth demand. In Ashburn, we have built a campus environment with five buildings on about 100 acres of land and have recently commenced development of our ACC7 data center within the campus. We've built two phases in Chicago and are currently looking for additional land for a future development.
We've built one phase in California to date and have land to build an additional building. We also have one building in New Jersey that's in lease-up. From a year-over-year perspective, we've had fairly successful growth. We're probably in that 15% to 20% growth on a revenue EBITDA basis as you think about ...
For more of 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.
