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CyrusOne updates FY'19 normalized FFO-per-share outlook, raises dividend

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CyrusOne updates FY'19 normalized FFO-per-share outlook, raises dividend

CyrusOne Inc. revised its projection for full-year 2019 normalized funds from operations to a per-share range of $3.50 to $3.60 from its prior range of $3.30 to $3.40.

The S&P Global Market Intelligence consensus estimate for 2019 FFO per share is $3.36.

In detailing its second-quarter results, the data center real estate investment trust said it declared a dividend of 50 cents per common share for the third quarter, indicating a 9% increase over its prior payout.

The company will pay the dividend Oct. 11 to stockholders at the close of business Sept. 27.