QTS Realty Trust ticker dps (an.) 2024 hike 2023 hike 2022 hike
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QTS hiked the dividend every year since 2014 © dividendhike.com
QTS hiked the dividend every year since 2014 © dividendhike.com

The acquisition of REIT QTS Realty Trust, Inc. (QTS) by Blackstone (BX) has been completed, ending the stock market listing for QTS. Blackstone and QTS Realty Trust announced that affiliates of Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc., and Blackstone Property Partners have completed their previously announced acquisition of QTS Realty Trust for approximately $10 billion, including debt. QTS' common stock, Series A preferred stock and Series B preferred stock will no longer be listed on any public market.

QTS last raised its quarterly dividend by 6.4 percent to 50 cents per share in 2021. This followed a dividend hike of 6.8 percent to $0.47 per share in the first quarter of 2020 and marked the 8th consecutive year of higher dividend paid by the data center REIT.

QTS Realty Trust, Inc. is a provider of data center solutions. Through its software-defined technology platform, QTS delivers infrastructure and connectivity solutions to technology companies, enterprises, and government entities. The company operates data centers located throughout the United States, Canada, Europe and Asia. QTS is a Maryland corporation formed on May 17, 2013 and is the sole general partner and majority owner of QualityTech, LP, the company's operating partnership. QTS Realty Trust has paid a dividend since it became a public company in 2013.