BNET Industries
Market Cap:$677.6M
Last Fiscal Year Sales:$61.2M
- Public
- US
Dow Jones Description
DuPont Fabros Technology, Inc. (NYSE: DFT) is a leading owner, developer, operator and manager of wholesale data centers. The Company operates so as to qualify as a real estate investment trust (REIT) for federal tax purposes. The Company's data centers are highly specialized, secure facilities used primarily by national and international technology companies to house, power and cool the computer servers that support many of their most critical business processes. DuPont Fabros Technology is headquartered in Washington, DC.
President & CEO
Hossein FatehNumber of Employees 52
Contact Information
1212 New York Avenue, NW
Suite 900
Washington, District of Columbia 20005
(202) 728-0044
Peer Companies
NAICS Code Other Activities Related to Real Estate: 531390
Recent Events
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DuPont reaches crop protection patent settlement
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DuPont Fabros reports Q3 results
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Stifel Nicolaus & Co. initiates coverage of DuPont Fabros Technology Inc. at 'buy'
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Wells Fargo Upgrades DuPont Fabros Technology DFT to Outperform
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Oppenheimer & Co. initiates coverage of DuPont Fabros Technology Inc. at 'outperform'
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DuPont Fabros Technology, Inc. Reports Second Quarter 2009 Results
News & Analysis
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dupont fabros technology inc. - All News and Analysis
DuPont Fabros Technology Q3 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. The question and answer session will be conducted electronically. (Operator’s instructions) Our question comes from Sri Anantha from Oppenheimer. Sri Anantha- Oppenheimer Yes. Thank you and good morning. Hossein, I know you mentioned general comments that the sales by plan...
DuPont Fabros Technology Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. The question and answer session will be conducted electronically. (Operator’s instructions) Our question comes from Sri Anantha from Oppenheimer. Sri Anantha- Oppenheimer Yes. Thank you and good morning. Hossein, I know you mentioned general comments that the sales by plan...
DuPont Fabros Technology, Inc Q2 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions And we will take our First question from Jordan Sadler with KeyBanc Capital Markets. Jordan Sadler – KeyBanc Capital Markets Thanks good morning guys. Unidentified Company Representative Hi, Jordan. Jordan Sadler – KeyBanc Capital Markets I wanted to the follow-up on the...
DuPont Fabros Technology, Inc Q2 2009 Earnings Call Transcript
DuPont Fabros Technology, Inc. DFT Q2 2009 Earnings Call August 5, 2009 10:00 a.m. ET
DuPont Fabros Technology, Inc. Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions We'll go first to Michael Bilerman with Citi. Irwin Guzman - Citi Mark, Hossein, good morning. It's Irwin Guzman here with Michael. My first question is on rents, can you talk about where the rents are on some of the leasing that you did in...
DuPont Fabros Technology Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Today's question-and-answer session will be conducted electronically. Operator Instructions. And we'll take our first question from Jordan Sadler from KeyBanc. Jordan Sadler - KeyBanc Capital Markets Thanks and good morning everybody. Hossein Fateh Hi, Jordan. Jordan Sadler - KeyBanc Capital Markets I just wanted to...
Dupont Fabros Technology Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions. We'll take our first question from George Auerbach with Merrill Lynch. George Auerbach – Merrill Lynch Hi, good morning. Mark Wetzel Hi, George. George Auerbach – Merrill Lynch Wondering if you could walk...
DuPont Fabros Technology, Inc. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions. Our first question will come from Tayo Okusanya. Omotayo Okusanya - UBS Hi. Yes, good morning Hossein, how are you? Hossein Fateh Fine, Tayo. Omotayo Okusanya - UBS Good. Congratulation on a good quarter. Again just going right into this, with CH1 have...
DuPont Fabros Technology Inc. Q1 2008 Earnings Call Transcript
Question-and-Answer Session Thank you, Mr. Osgood. Operator Instructions. Our first question in the morning goes out to David Harris of Lehman Brothers. Please go ahead sir. David Harris - Lehman Brothers Yeah, good morning. Steve, it's for you on the guidance question, is that you beat expectations by...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Hossein Fateh | President & CEO |
| Jeffrey H. Foster | Chief Accounting Officer |
| Steven G. Osgood | Cfo & Executive Vice President |
| Jeff L. Monroe | Senior Vice President, Strategy & Business Dev |
| M. Lee Kestler | Senior Vice President, Sales & Leasing |
| Maria Kenny | Senior Vice President, Finance & Acq |
| Robert J. Berlinsky | Senior Vice President, Construction |
| Scott A. Davis | Senior Vice President, Operations |
| W. Tate Cantrell | Vice President, Data Center Technology |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Lammot J. du Pont | Chairman |
| John H. Toole | Board of Directors |
| Mark Amin | Board of Directors |
| Michael A. Coke | Board of Directors |
| Thomas D. Eckert | Board of Directors |
Hossein Fateh, the co-founder of our company, is the President and Chief Executive Officer and a Director of DFT since the IPO. Mr. Fateh, along with Mr. du Pont, co-founded DFD in 1997, where he managed, through a variety of entities, the acquisition, development, leasing and management of all of our current properties. Prior to DFD, from 1990 to 1997, Mr. Fateh held the position of Vice President and was responsible for acquisition, development, leasing, financing and sales for a broad-based Washington, D.C. real estate development company. Mr. Fateh earned his bachelor's degree in Business Administration from George Washington University and his Master of Science in Finance from George Washington University
| Organization | Position | Status |
|---|---|---|
| DuPont Fabros Technology, Inc. | President & CEO | Current |
| DuPont Fabros Technology, Inc. | Board of Directors | Current |
Jeffrey H. Foster is our Chief Accounting Officer since the IPO and joined DFT in July 2007. Mr. Foster most recently served as Senior Vice President and Chief Accounting Officer of Global Signal, Inc. (NYSE:GSL) from April 2005 to May 2007. Prior to joining Global Signal, Mr. Foster served from June 2003 to April 2005 as Senior Vice President of Finance and Corporate Controller at Danka Office Imaging (NASDAQ:DANKY). From April 2000 to June 2003 Mr. Foster served as Vice President of Finance at Progress Telecom Corporation, a subsidiary of Progress Energy Corporation (NYSE:PGN), where he also served as Director, Energy Supply Finance from October 1997 to April 2000. Mr. Foster held various positions at GTE Corporation from 1990 to 1997 which included responsibility for SEC reporting for GTE's eight registrants. Also, he was a member of Arthur Andersen's auditing staff from 1984 to 1990. Mr. Foster earned a B.S. in Accounting from the University of Florida and a Masters of Accountancy from the University of South Florida. He passed the CPA exam in November 1985.
| Organization | Position | Status |
|---|---|---|
| DuPont Fabros Technology, Inc. | Chief Accounting Officer | Current |
Steven G. Osgood, 51, has served as our Executive Vice President and Chief Financial Officer since July 2007. From April 2006 to January 2007, Mr. Osgood served as Chief Financial Officer of Global Signal, Inc. (NYSE: GSL), a Sarasota, Florida-based REIT that owned, leased or managed approximately 11,000 towers and other wireless sites. Global Signal was acquired by Crown Castle International Corp (NYSE: CCI) in January 2007. Prior to Global Signal, Mr. Osgood served as President and Chief Financial Officer of U-Store-It Trust (NYSE: YSI) from the company’s initial public offering in October 2004 through April 2006. Mr. Osgood was primarily responsible for all aspects of finance and accounting, including the negotiation and arrangement of debt financing for the development and acquisition of real estate, overall company financial budgeting, and corporate operations and administration. Mr. Osgood served as the Chief Financial Officer of the Amsdell Companies, the predecessor of U-Store-It, from 1993 until 2004. Prior to joining the Amsdell Companies, he was Vice President and Controller of the commercial property management division of Forest City Enterprises, Inc., a publicly-traded real estate company, from 1989 to 1993. Mr. Osgood is a former Certified Public Accountant and was a member of the auditing staff of Touche Ross & Co. from 1978 to 1982. He earned a B.S. in Business from Miami University of Ohio and an M.B.A. from the University of San Diego. On February 29, 2008, the Company announced that the one-year employment agreement between the Company and Mr. Osgood will conclude on its expiration date of July 25, 2008. The Company is presently fielding candidates for the Chief Financial Officer position.
| Organization | Position | Status |
|---|---|---|
| DuPont Fabros Technology, Inc. | Cfo & Executive Vice President | Current |
Jeff L. Monroe, 41, has served as our Executive Vice President of Strategy & Business Development since December 2007. From our IPO to December 2007, Mr. Monroe served as our Senior Vice President of Strategy & Business Development. From 2003 to the IPO, Mr. Monroe served as DFD’s Managing Director, where he was responsible for site development, design, acquisition activities and business development. Prior to DFD, Mr. Monroe held the position of Vice President of Real Estate Design & Construction at AboveNet Communications from March 1998 to March 2003. Mr. Monroe has been involved in data center projects for AOL, the National Archives, the NRO, the IRS and the CIA and, in aggregate has assisted in more than $2.0 billion in development projects. He earned a Journeymans License from the IBEW Program in Applied Electrical Engineering & Construction Management.
| Organization | Position | Status |
|---|---|---|
| DuPont Fabros Technology, Inc. | Senior Vice President, Strategy & Business Dev | Current |
M. Lee Kestler, Jr. is our Senior Vice President of Sales & Leasing since the IPO and joined DFD in April 2007. Mr. Kestler served as DFD's Director of Leasing, where he managed marketing activities for our data center properties. Prior to DFD, from 1999 to 2005 and 2006 to 2007, Mr. Kestler held positions with Exodus Communications, Cable & Wireless America and Savvis, including the position of Senior Strategic Account Manager at Savvis, primarily responsible for selling professional services to commercial and government clients and leading the business development effort for ARCA CCTL, a unit of Savvis Federal Systems that specialized in the certification of security features for products being sold to the U.S. government. Prior to that, Mr. Kestler was Strategic Account Manager at Cable & Wireless America, where he was responsible for sales to a portion of the top 50 strategic accounts. Mr. Kestler also held the positions of Major Account Manager and Senior Director of Professional Services at Exodus Communications. From 2005 to 2006 Mr. Kestler held a senior sales position with Current Analysis.
| Organization | Position | Status |
|---|---|---|
| DuPont Fabros Technology, Inc. | Senior Vice President, Sales & Leasing | Current |
Maria Kenny is our Senior Vice President of Finance & Acquisitions since the IPO and joined DFD in December 2000. Ms. Kenny served as DFD's Chief Financial Officer, where she was responsible for all aspects of finance, accounting and administration. In addition, Ms. Kenny was instrumental in closing in excess of $2.0 billion for the development and acquisition of real estate including data centers, commercial, residential, land and retail assets. Most recently, she successfully led and closed the acquisition of our Santa Clara property. Prior to DFD, Ms. Kenny worked for six years in public accounting. Ms. Kenny served as Audit Manager at Reznick Group, a national accounting firm specializing in the real estate and construction industries, from January 1998 to December 2000. Ms. Kenny is a Certified Public Accountant (inactive). She earned a B.A. in Economics from The University of North Carolina in 1988
| Organization | Position | Status |
|---|---|---|
| DuPont Fabros Technology, Inc. | Senior Vice President, Finance & Acq | Current |
Robert J. Berlinsky is our Senior Vice President of Construction since the IPO and joined DFD in January 2005. Mr. Berlinsky served as DFD's Director of Construction, responsible for preconstruction budgeting, contractor negotiations, contract administration, project financial reporting, legal coordination, vendor negotiations, regulatory agency coordination, schedule administration, and project closeout. He also led the construction teams on each of DFD's Ashburn Corporate Center data center projects. Presently, Mr. Berlinsky directs construction of the facilities currently in the pipeline, including CH1, ACC5 and NJ1. Prior to joining DFD, Mr. Berlinsky founded and operated Fairways Project Management, LLC, which provided project and construction management services from 2002 to 2005. Prior to Fairways, Mr. Berlinsky held a position with AboveNet and, before that, with Clark Construction for 15 years. While at Clark Construction, he held senior management positions on the following projects: Gannett/USA Today Headquarters, NIH Building 10 Clinical Hospital, MCI Arena, U.S. Court of Appeals San Francisco, The Flamingo Hilton, AARP National Headquarters, Franklin Square, Two Logan Square, Columbia Square, and the Inter American Bank.
| Organization | Position | Status |
|---|---|---|
| DuPont Fabros Technology, Inc. | Senior Vice President, Construction | Current |
Scott A. Davis is our Senior Vice President of Operations since the IPO and joined DFD in April 2006. Mr. Davis served as DFD's Director of Operations, where he managed the data centers that comprised our initial portfolio. Mr. Davis specializes in the engineering design of high-reliability facilities. Prior to joining DFD, Mr. Davis served for eight years at AOL where he held several positions including Senior Director of Data Center Operations, in which he oversaw the day-to-day operations of all of AOL's domestic and international data centers. During his tenure at AOL, Mr. Davis managed the design, construction and commissioning of more than 700,000 square feet of new and renovated data center space. From 1989 to 1998 he worked at several engineering consulting firms that specialized in data center design, including Com-Site International, CS Technology and CCG Facilities Integration. In his career, Mr. Davis has worked on more than 70 computer room and data center designs for various Fortune 500 companies and government agencies. Mr. Davis earned a B.S. in Electrical Engineering from the University of Maryland.
| Organization | Position | Status |
|---|---|---|
| DuPont Fabros Technology, Inc. | Senior Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| DuPont Fabros Technology, Inc. | Vice President, Data Center Technology | Current |
Lammot J. du Pont, the co-founder of our company, is the Executive Chairman of the Board of Directors of DuPont Fabros Technology ("DFT") and a Director since our initial public offering ("IPO") on October 24, 2007. Mr. du Pont, along with Mr. Fateh, co-founded DuPont Fabros Development LLC ("DFD") in 1997, where he managed, through a variety of entities, the acquisition, development, leasing and management of all of our current properties. Prior to DFD, Mr. du Pont held the position of Analyst at JPMorgan from April 1989 to June 1990, the position of Full Committee Staff Member with the U.S. House of Representatives (Committee on Banking & Financial Services) from March 1993 to April 1995, and the position of Special Assistant, Capital Markets Regulatory Reform Project, with the Center for Strategic and International Studies (CSIS) from April 1995 to April 1996. Mr. du Pont earned his B.A. in Economics from Williams College and his M.B.A. from Georgetown University.
| Organization | Position | Status |
|---|---|---|
| DuPont Fabros Technology, Inc. | Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| Cooley Godward Llp | Partner | Current |
| DuPont Fabros Technology, Inc. | Board of Directors | Current |
| Virginia State Bar | Board of Directors | Current |
| McGuireWoods LLP | Partner | Former |
| Washington College of Law | J.D. | Former |
| American University | J.D. | Former |
| University of Virginia | B.S | Former |
| McIntire School of Commerce | B.S | Former |
| Organization | Position | Status |
|---|---|---|
| Watchmusichere | Chairman | Current |
| DuPont Fabros Technology, Inc. | Board of Directors | Current |
| Cinemanow, Inc. | Vice Chairman, Member of the Board of Directors | Current |
| Lions Gate Entertainment Corp. | Vice Chairman | Current |
| Trimark Holdings Inc. | Chief Executive Officer | Former |
| CBS Corporation | Former | |
| Jump TV.Com | Chair | Former |
| Trimark Holdings Inc. | Chairman | Former |
| Lions Gate Entertainment Corp. | Board of Directors | Former |
| University of Kansas | Bachelor of Arts degree in Economics | Former |
| Academy of Motion Picture Arts and Sciences | member | Former |
Michael A. Coke serves on our Board of Directors and chairs our Audit Committee. In September 2007, Mr. Coke co-founded and has since served as the managing partner of Terreno Capital Partners LLC, a real estate investment management firm. From January 1999 until May 2007, Mr. Coke served as Chief Financial Officer and Executive Vice President of AMB Property Corporation, a global developer and owner of industrial real estate focused on major hub and gateway distribution markets throughout North America, Europe and Asia. He also served as AMB's Chief Accounting Officer from 1998 to 2006. Mr. Coke was a member of AMB's Investment Committee and was responsible for capital markets, accounting, tax, information systems, dispositions, valuations, risk management and financial planning groups totaling more than 130 officers and associates in five countries. From October 2005 to May 2007, Mr. Coke served as President and Chief Executive Officer of IAT Aviation Facilities, Inc., a listed Canadian Income Trust. From July 1990 to August 1997, Mr. Coke was an auditor with Arthur Andersen LLP. Mr. Coke earned his B.A. in Business Administration and Accounting from California State University at Hayward. Mr Coke is an inactive Certified Public Accountant.
| Organization | Position | Status |
|---|---|---|
| DuPont Fabros Technology, Inc. | Board of Directors | Current |
| AMB Property Corporation | CFO & Executive Vice President | Former |
| Arthur Andersen LLP | audit manager | Former |
| Organization | Position | Status |
|---|---|---|
| Capital Automotive | President & CEO | Current |
| DuPont Fabros Technology, Inc. | Board of Directors | Current |
| Potomac School | Board of Directors | Current |
| Capital Automotive | Board of Directors | Current |
| Capital Automotive | Senior Vice President | Former |
| Fieldstone Investment Corporation | Board of Directors | Former |
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