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0 0 0 0 0.000224064530584764 0.000336096795877225 0.000840241989693063 0.000224064530584764
Stock impact report

CyrusOne Inc. Announces Execution of Definitive Agreement to Divest Houston Assets

CyrusOne Inc (CONE) 
Last cyrusone inc earnings: 4/29 05:12 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.cyrusone.com/investor-relations
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, announced today it has entered into a definitive agreement with DataBank Holdings Ltd. (“DataBank”) for the sale of its four Houston data center assets. Under the terms of the agreement, DataBank will acquire the Houston West I, II and III and Houston Galleria data centers from CyrusOne. Additionally, CyrusOne will lease back from DataBank the Houston West III shell to support a lease signed with a hyperscale customer in the fourth quarter of 2021.Total consideration for the transaction will be approximately $670 million, subject to a net working capital adjustment, with proceeds from the sale used to fund future development projects. The third quarter 2021 annualized run-rate cash NOI represented by these properties, including the future first year lease payments that will be made by CyrusOne, aggregate $34.8 million, implying a transaction cap rate of 5.19%.“We are excited to execute on our Show less Read more
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