Latest / Nareit's REIT Report Podcast
Data Center REITs Gaining Acceptance from Ratings Agencies, CyrusOne CFO Says
Diane Morefield, executive vice president and CFO of Cyrus One Inc. , was a guest on Nareit’s REIT Report podcast, recorded in San Francisco during Nareit’s REITworld: 2018 Annual Conference.
CyrusOne received an investment grade rating from Standard & Poor’s in September. Although the company welcomed the news, Morefield said the ratings agencies have been slow to understand the data center model. She noted that prior to the CyrusOne upgrade there was only one other data center REIT with an investment grade rating.
“Our profile, and that of the other data centers, is very consistent with the…
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