Intrinsic value of QTS Realty Trust Cl A - QTS

Previous Close

$54.90

  Intrinsic Value

$3.50

stock screener

  Rating & Target

str. sell

-94%

Previous close

$54.90

 
Intrinsic value

$3.50

 
Up/down potential

-94%

 
Rating

str. sell

Our model is not good at valuating stocks of financial companies, such as QTS.

We calculate the intrinsic value of QTS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  29.26
  9.10
  8.69
  8.32
  7.99
  7.69
  7.42
  7.18
  6.96
  6.76
  6.59
  6.43
  6.29
  6.16
  6.04
  5.94
  5.84
  5.76
  5.68
  5.62
  5.55
  5.50
  5.45
  5.40
  5.36
  5.33
  5.29
  5.26
  5.24
  5.21
  5.19
Revenue, $m
  402
  439
  477
  516
  558
  600
  645
  691
  739
  790
  842
  896
  952
  1,011
  1,072
  1,135
  1,202
  1,271
  1,343
  1,418
  1,497
  1,580
  1,666
  1,756
  1,850
  1,948
  2,051
  2,159
  2,273
  2,391
  2,515
Variable operating expenses, $m
 
  386
  418
  451
  486
  522
  559
  598
  638
  680
  724
  752
  799
  849
  900
  953
  1,009
  1,067
  1,128
  1,191
  1,257
  1,326
  1,399
  1,474
  1,553
  1,636
  1,723
  1,813
  1,908
  2,008
  2,112
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  364
  386
  418
  451
  486
  522
  559
  598
  638
  680
  724
  752
  799
  849
  900
  953
  1,009
  1,067
  1,128
  1,191
  1,257
  1,326
  1,399
  1,474
  1,553
  1,636
  1,723
  1,813
  1,908
  2,008
  2,112
Operating income, $m
  38
  53
  59
  65
  72
  79
  86
  93
  101
  109
  117
  144
  153
  162
  172
  182
  193
  204
  215
  227
  240
  253
  267
  281
  296
  312
  329
  346
  364
  383
  403
EBITDA, $m
  159
  186
  202
  219
  237
  255
  274
  293
  314
  335
  357
  380
  404
  429
  455
  482
  510
  539
  570
  602
  635
  670
  707
  745
  785
  827
  870
  916
  964
  1,014
  1,067
Interest expense (income), $m
  20
  34
  38
  42
  46
  51
  55
  60
  65
  70
  76
  82
  87
  94
  100
  107
  113
  121
  128
  136
  144
  153
  162
  171
  181
  191
  202
  213
  225
  237
  250
Earnings before tax, $m
  15
  19
  21
  24
  26
  28
  31
  33
  36
  39
  42
  62
  65
  68
  72
  75
  79
  83
  87
  91
  96
  100
  105
  110
  116
  121
  127
  133
  139
  146
  153
Tax expense, $m
  -10
  5
  6
  6
  7
  8
  8
  9
  10
  10
  11
  17
  18
  18
  19
  20
  21
  22
  23
  25
  26
  27
  28
  30
  31
  33
  34
  36
  38
  39
  41
Net income, $m
  22
  14
  16
  17
  19
  21
  22
  24
  26
  28
  30
  45
  48
  50
  52
  55
  58
  61
  64
  67
  70
  73
  77
  80
  84
  88
  93
  97
  102
  107
  112

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  10
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,086
  2,261
  2,457
  2,662
  2,874
  3,095
  3,325
  3,564
  3,812
  4,070
  4,338
  4,617
  4,907
  5,209
  5,524
  5,852
  6,194
  6,551
  6,923
  7,312
  7,718
  8,142
  8,586
  9,050
  9,535
  10,043
  10,575
  11,131
  11,715
  12,325
  12,965
Adjusted assets (=assets-cash), $m
  2,076
  2,261
  2,457
  2,662
  2,874
  3,095
  3,325
  3,564
  3,812
  4,070
  4,338
  4,617
  4,907
  5,209
  5,524
  5,852
  6,194
  6,551
  6,923
  7,312
  7,718
  8,142
  8,586
  9,050
  9,535
  10,043
  10,575
  11,131
  11,715
  12,325
  12,965
Revenue / Adjusted assets
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
  0.194
Average production assets, $m
  1,263
  1,378
  1,497
  1,622
  1,751
  1,886
  2,026
  2,172
  2,323
  2,480
  2,643
  2,813
  2,990
  3,174
  3,366
  3,566
  3,774
  3,992
  4,218
  4,455
  4,703
  4,961
  5,232
  5,514
  5,810
  6,120
  6,444
  6,783
  7,138
  7,511
  7,901
Working capital, $m
  0
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -20
  -21
  -22
  -24
  -25
  -27
  -28
  -30
  -32
  -34
  -35
  -37
  -39
  -42
  -44
  -46
  -49
  -51
  -54
  -57
  -60
  -63
Total debt, $m
  966
  1,077
  1,196
  1,319
  1,447
  1,580
  1,719
  1,863
  2,013
  2,168
  2,330
  2,498
  2,673
  2,855
  3,045
  3,243
  3,449
  3,664
  3,889
  4,123
  4,368
  4,624
  4,891
  5,171
  5,464
  5,770
  6,091
  6,426
  6,778
  7,146
  7,532
Total liabilities, $m
  1,252
  1,363
  1,482
  1,605
  1,733
  1,866
  2,005
  2,149
  2,299
  2,454
  2,616
  2,784
  2,959
  3,141
  3,331
  3,529
  3,735
  3,950
  4,175
  4,409
  4,654
  4,910
  5,177
  5,457
  5,750
  6,056
  6,377
  6,712
  7,064
  7,432
  7,818
Total equity, $m
  834
  898
  976
  1,057
  1,141
  1,229
  1,320
  1,415
  1,513
  1,616
  1,722
  1,833
  1,948
  2,068
  2,193
  2,323
  2,459
  2,601
  2,748
  2,903
  3,064
  3,232
  3,409
  3,593
  3,785
  3,987
  4,198
  4,419
  4,651
  4,893
  5,147
Total liabilities and equity, $m
  2,086
  2,261
  2,458
  2,662
  2,874
  3,095
  3,325
  3,564
  3,812
  4,070
  4,338
  4,617
  4,907
  5,209
  5,524
  5,852
  6,194
  6,551
  6,923
  7,312
  7,718
  8,142
  8,586
  9,050
  9,535
  10,043
  10,575
  11,131
  11,715
  12,325
  12,965
Debt-to-equity ratio
  1.158
  1.200
  1.230
  1.250
  1.270
  1.290
  1.300
  1.320
  1.330
  1.340
  1.350
  1.360
  1.370
  1.380
  1.390
  1.400
  1.400
  1.410
  1.410
  1.420
  1.430
  1.430
  1.430
  1.440
  1.440
  1.450
  1.450
  1.450
  1.460
  1.460
  1.460
Adjusted equity ratio
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397
  0.397

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  22
  14
  16
  17
  19
  21
  22
  24
  26
  28
  30
  45
  48
  50
  52
  55
  58
  61
  64
  67
  70
  73
  77
  80
  84
  88
  93
  97
  102
  107
  112
Depreciation, amort., depletion, $m
  121
  133
  143
  154
  165
  176
  188
  200
  213
  226
  240
  236
  251
  267
  283
  300
  317
  335
  354
  374
  395
  417
  440
  463
  488
  514
  541
  570
  600
  631
  664
Funds from operations, $m
  154
  147
  159
  171
  183
  196
  210
  224
  239
  254
  270
  282
  299
  317
  335
  355
  375
  396
  418
  441
  465
  490
  516
  544
  573
  603
  634
  667
  702
  738
  776
Change in working capital, $m
  0
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
Cash from operations, $m
  154
  148
  160
  172
  184
  198
  211
  225
  240
  255
  271
  283
  300
  318
  337
  356
  377
  398
  420
  443
  467
  492
  519
  546
  575
  605
  637
  670
  704
  741
  779
Maintenance CAPEX, $m
  0
  -106
  -116
  -126
  -136
  -147
  -158
  -170
  -182
  -195
  -208
  -222
  -236
  -251
  -267
  -283
  -300
  -317
  -335
  -354
  -374
  -395
  -417
  -440
  -463
  -488
  -514
  -541
  -570
  -600
  -631
New CAPEX, $m
  -453
  -115
  -120
  -125
  -130
  -135
  -140
  -145
  -151
  -157
  -163
  -170
  -177
  -184
  -192
  -200
  -208
  -217
  -227
  -237
  -247
  -259
  -270
  -283
  -296
  -310
  -324
  -339
  -355
  -372
  -390
Cash from investing activities, $m
  -453
  -221
  -236
  -251
  -266
  -282
  -298
  -315
  -333
  -352
  -371
  -392
  -413
  -435
  -459
  -483
  -508
  -534
  -562
  -591
  -621
  -654
  -687
  -723
  -759
  -798
  -838
  -880
  -925
  -972
  -1,021
Free cash flow, $m
  -299
  -73
  -76
  -79
  -81
  -84
  -87
  -90
  -94
  -97
  -101
  -109
  -113
  -117
  -122
  -126
  -131
  -137
  -142
  -148
  -155
  -162
  -169
  -176
  -184
  -193
  -202
  -211
  -221
  -231
  -242
Issuance/(repayment) of debt, $m
  102
  111
  118
  123
  128
  133
  139
  144
  150
  155
  162
  168
  175
  182
  190
  198
  206
  215
  225
  234
  245
  256
  268
  280
  293
  306
  321
  336
  352
  368
  386
Issuance/(repurchase) of shares, $m
  276
  60
  62
  64
  66
  67
  69
  70
  72
  74
  76
  65
  68
  70
  73
  75
  78
  81
  84
  88
  91
  95
  99
  104
  108
  113
  118
  124
  130
  136
  142
Cash from financing (excl. dividends), $m  
  363
  171
  180
  187
  194
  200
  208
  214
  222
  229
  238
  233
  243
  252
  263
  273
  284
  296
  309
  322
  336
  351
  367
  384
  401
  419
  439
  460
  482
  504
  528
Total cash flow (excl. dividends), $m
  64
  98
  105
  109
  112
  116
  120
  124
  128
  133
  137
  125
  130
  135
  141
  147
  153
  159
  166
  174
  181
  190
  198
  207
  217
  227
  238
  249
  260
  273
  286
Retained Cash Flow (-), $m
  -216
  -74
  -78
  -81
  -84
  -88
  -91
  -95
  -98
  -102
  -106
  -111
  -115
  -120
  -125
  -130
  -136
  -142
  -148
  -154
  -161
  -168
  -176
  -184
  -193
  -202
  -211
  -221
  -231
  -243
  -254
Prev. year cash balance distribution, $m
 
  10
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  34
  27
  28
  28
  28
  29
  29
  30
  30
  31
  14
  14
  15
  16
  16
  17
  18
  19
  19
  20
  21
  22
  23
  24
  25
  26
  28
  29
  30
  32
Discount rate, %
 
  8.60
  9.03
  9.48
  9.96
  10.45
  10.98
  11.52
  12.10
  12.71
  13.34
  14.01
  14.71
  15.44
  16.22
  17.03
  17.88
  18.77
  19.71
  20.70
  21.73
  22.82
  23.96
  25.16
  26.42
  27.74
  29.12
  30.58
  32.11
  33.71
  35.40
PV of cash for distribution, $m
 
  31
  23
  21
  19
  17
  15
  14
  12
  10
  9
  3
  3
  2
  2
  2
  1
  1
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  97.8
  95.7
  93.8
  92.0
  90.4
  88.8
  87.4
  86.0
  84.7
  83.5
  82.5
  81.6
  80.7
  79.8
  79.0
  78.1
  77.4
  76.6
  75.8
  75.1
  74.4
  73.7
  73.0
  72.3
  71.6
  71.0
  70.3
  69.7
  69.1
  68.4

QTS Realty Trust, Inc. (QTS) is a provider of secure, compliant data center solutions, hybrid cloud and fully managed services. The Company owns, develops and operates carrier-neutral and multi-tenant data centers. Its data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. The Company has an integrated platform through which it owns and operates its data centers and provides a range of information technology (IT) infrastructure solutions. Its spectrum of core data center products is referred to as 3Cs, which consists of Custom Data Center (C1), Colocation (C2), and Cloud and Managed Services (C3). Its 3C integrated technology platform provides information technology solutions for Web and information technology applications. Its data centers facilities are used by its customers to house, power and cool the networking equipment and computer systems that support their business processes.

FINANCIAL RATIOS  of  QTS Realty Trust Cl A (QTS)

Valuation Ratios
P/E Ratio 119
Price to Sales 6.5
Price to Book 3.1
Price to Tangible Book
Price to Cash Flow 17
Price to Free Cash Flow -8.8
Growth Rates
Sales Growth Rate 29.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -26.1%
Cap. Spend. - 3 Yr. Gr. Rate 84.8%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 115.8%
Total Debt to Equity 115.8%
Interest Coverage 2
Management Effectiveness
Return On Assets 2.9%
Ret/ On Assets - 3 Yr. Avg. 2.8%
Return On Total Capital 1.3%
Ret/ On T. Cap. - 3 Yr. Avg. 1.6%
Return On Equity 3%
Return On Equity - 3 Yr. Avg. 4.1%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 63.9%
Gross Margin - 3 Yr. Avg. 64.4%
EBITDA Margin 38.8%
EBITDA Margin - 3 Yr. Avg. 37.3%
Operating Margin 9.5%
Oper. Margin - 3 Yr. Avg. 12.4%
Pre-Tax Margin 3.7%
Pre-Tax Margin - 3 Yr. Avg. 5.6%
Net Profit Margin 5.5%
Net Profit Margin - 3 Yr. Avg. 6.3%
Effective Tax Rate -66.7%
Eff/ Tax Rate - 3 Yr. Avg. -46%
Payout Ratio 286.4%

QTS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the QTS stock intrinsic value calculation we used $402 million for the last fiscal year's total revenue generated by QTS Realty Trust Cl A. The default revenue input number comes from 2016 income statement of QTS Realty Trust Cl A. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our QTS stock valuation model: a) initial revenue growth rate of 9.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 8.6%, whose default value for QTS is calculated based on our internal credit rating of QTS Realty Trust Cl A, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of QTS Realty Trust Cl A.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of QTS stock the variable cost ratio is equal to 88.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for QTS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for QTS Realty Trust Cl A.

Corporate tax rate of 27% is the nominal tax rate for QTS Realty Trust Cl A. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the QTS stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for QTS are equal to 314.1%.

Life of production assets of 11.9 years is the average useful life of capital assets used in QTS Realty Trust Cl A operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for QTS is equal to -2.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $834 million for QTS Realty Trust Cl A - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 48.798 million for QTS Realty Trust Cl A is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of QTS Realty Trust Cl A at the current share price and the inputted number of shares is $2.7 billion.

RELATED COMPANIES Price Int.Val. Rating
DLR Digital Realty 115.31 5.14  str.sell
DOC Physicians Rea 18.46 2.43  str.sell
COR CoreSite Realt 116.52 24.08  str.sell
DCT DCT Industrial 59.24 5.00  str.sell
MNR Monmouth Real 17.95 2.01  str.sell
STAG STAG Industria 28.02 2.79  str.sell
FR First Industri 32.27 2.59  str.sell
LPT Liberty Proper 43.88 5.10  str.sell
DRE Duke Realty 27.72 2.44  str.sell

COMPANY NEWS

▶ QTS Announces Federal Advisory Board Members   [Dec-07-17 04:30PM  PR Newswire]
▶ QTS Declares $0.39 Fourth Quarter Common Stock Dividend   [Nov-09-17 09:00AM  PR Newswire]
▶ QTS Realty Trust Earns Relative Strength Rating Upgrade   [Nov-01-17 03:00AM  Investor's Business Daily]
▶ QTS Realty reports 3Q results   [Oct-24-17 04:53PM  Associated Press]
▶ 3 High-Yield Stocks Smart Investors Can't Get Enough Of   [Aug-19-17 06:15AM  Motley Fool]
▶ QTS Declares $0.39 Third Quarter Common Stock Dividend   [Aug-03-17 05:41PM  PR Newswire]
▶ QTS Realty reports 2Q results   [Jul-25-17 10:28PM  Associated Press]
▶ QTS Realty Trust, Inc. to Present at Industry Events   [May-17-17 09:00AM  PR Newswire]
▶ QTS Declares $0.39 Second Quarter Common Stock Dividend   [May-05-17 04:05PM  PR Newswire]
▶ QTS Realty reports 1Q results   [May-01-17 04:50PM  Associated Press]
▶ Investing In This Explosive REIT Sector   [Apr-20-17 10:39AM  Forbes]
▶ Which KC-area stocks had the best, worst March? Take a look   [Apr-03-17 04:50PM  at bizjournals.com]
▶ Which KC-area stocks had the best, worst March? Take a look   [04:50PM  American City Business Journals]
▶ 6 Great Data Center REITs For 2017   [12:03PM  Motley Fool]
▶ Which KC-area stocks had the best, worst February? Take a look   [Mar-03-17 04:00PM  at bizjournals.com]
▶ Which KC-area stocks had the best, worst February? Take a look   [04:00PM  American City Business Journals]
▶ QTS Declares $0.39 First Quarter Common Stock Dividend   [Feb-17-17 09:00AM  PR Newswire]
▶ QTS Announces 2017 Annual Meeting of Stockholders   [Feb-16-17 05:04PM  PR Newswire]
▶ QTS Announces CBRE and CNSG as 2016 Partners of the Year   [Feb-02-17 09:00AM  PR Newswire]
Financial statements of QTS
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.