18 October 2016

EFTA01389068 Dataset 10 1 pages Download original PDF Download as text
18 October 2016 REITs US REIT 3016 Earnings Preview Data Centers: Measuring growth in years not quarters IFigure 78: 1-month Data Center performance !Figure 79: YTD Data Center performance DOS Cale V% ■ Le% Ca OM 0:a O13 CCIA1 Ott As of 10/14/16 Source' DIMS* Vent SAE 'Figure 80: Strong fundamentals as seen by net absorption 50 40 30 20 10 0 -10 Net absorption (MW) NOVA Silicon WC/NJ Chicago Dallas / Ft. Average Valley Worth ■4014 •1015 ■2015 •4015 ■2016 Demand outpacing supply in key markets of NOVA and Chicago Sane passes Art CON 4.% 35% IS% ID% 1% 0% SIVA Ds CONN aw APR col As of 10/14/16 Sane peach 8%%.$41 coy CU%t !Figure 81. Leasing trending up 5120 5100 580 $60 $40 $20 $0 alt CONE OTS Total ■2015 a3015 ■4015 otA MA% 112% tax eta t016 •2016 • CONE continues to benefit from leasing trends Stow Ono** Seat tat • Further M&A opportunities in the space • Integration and synergies from recent consolidation wave • Competitive landscape as more players move towards a flexible product offering • Leasing momentum and pricing trends in key markets like NOVA and Chicago Development cost and yield trends • Impact on leasing from enterprise adoption of the public cloud • Expansion opportunities in new geographies and verticals • Hyperscale cloud demand outlook over the next 12 months • Incremental demand in Houston in light of energy headwinds Deutsche Bank Securities Inc. Page 43 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0093294 CONFIDENTIAL SDNY_GM_00239478 EFTA01389068