CoreSite Realty Corp (COR) Q1 2020 Earnings Call Transcript

CoreSite Realty Corp (COR) Q1 2020 Earnings Call Transcript

I'm joined today by Paul Szurek, President and CEO; Jeff Finnin, Chief Financial Officer; and Steve Smith, Chief Revenue Officer.. We also host large customer ecosystems of networks, cloud and service providers, content providers and enterprises in major metropolitan U.S. markets where capacity continues to be in high demand.. It appears the economic impacts of the pandemic have so far been more constructive for CoreSite than for most companies, and we experienced a pretty smooth transition to operating in a very unusual business environment.. Most of the elements have been strengthening our sales performance for some time and drove the excellent performance this quarter.. We have sufficient capacity to turn up services quickly, which will support both existing and new customers across our markets this quarter.. Customers have been able to decrease their visits to our data centers by approximately 1/3 compared to precrisis levels.. We kept critical access available to our customers as we focused on solutions to enable them to deploy and operate in our data centers safely and with confidence.. Today, I will review our first quarter results and provide an update on our liquidity, leverage expectations and 2020 guidance.. For the quarter, operating revenues were $147.4