CoreSite, CyrusOne, and QTS had a successful leasing quarter, but the lockdowns didn’t start until late in the period.
Pandemic-related supply chain disruption in China meant the company couldn't expand data centers as much as planned, leading to some Azure and Office capacity shortages.
First-quarter server chip shipments tripled from a year ago, but revenue for the division that makes them fell 21%, hurt by declining demand for custom Xbox and PlayStation chips.
The REIT reports minimal pandemic-related impact to business, but warns that things could change.