DuPont Fabros Technology
(NYSE: DFT)
22.75
-0.87
-3.68%
-0.87
-3.68%
MORE ON DFT
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Dupont Fabros Technology Inc |
| Industry: | REIT - Office |
| Employees: | 93 |
DESCRIPTION
| DuPont Fabros Technology, Inc. was incorporated in March 2007 under the laws of the State of Maryland. On October 24, 2007, it completed its initial public offering. The Company is the sole general partner of DuPont Fabros Technology, L.P. or Operating Partnership, and it owned approximately 76.7% of the partnership interests in the Operating Partnership. The Company has elected to be taxed, as a real estate investment trust, or REIT. Through its operating subsidiaries, the Company owns, develops, operates and manages wholesale data centers that are highly specialized, secure facilities used mainly by national and international technology companies to house, power and cool the computer servers that support many of their most critical business processes. It also conducts certain activities through its taxable REIT subsidiary or TRS, DF Technical Services LLC, which is wholly-owned by the Operating Partnership. The Company's data centers are engineered to provide sufficient power to meet the needs of the world’s largest technology companies. Its data center located in Northern Virginia and known as ACC5 is its prototype for future ground-up developments due to its enhanced power capacity and flexible design, which enables it to accommodate both smaller and larger tenants in a single secure facility. ACC5 is capable of providing tenants with a total of 36.4 megawatts, or MW, of power, which it refers to as critical load. Critical load is that portion of each facility’s total power capacity that is made available for the exclusive use by its tenants to operate their computer servers. The Company provides property management, development, asset management and technical services to the tenants of its operating properties. By combining its properties with these core operating functions. The Company has two types of competitors: Tenants who choose to build, own and operate their own datacenters rather than to outsource to it and Developers of both wholesale and collocation data centers. Environmental laws and regulations regarding the handling of regulated substances and wastes apply to the Company’s properties, including, in particular, regulations regarding the storage of petroleum for auxiliary or emergency power. The properties in its portfolio are also subject to a number of federal, state and local health and safety requirements, such as state and local fire requirements. |
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