CoreSite (COR) Seals Distribution Deal With Ingram Micro

CoreSite Realty Corporation (NYSE:COR) announced its distribution agreement with technology distributor Ingram Micro Inc. (NYSE:IM) . Per the deal, Ingram Micro would offer CoreSite’s data center colocation services and solutions to several channel partners throughout the U.S. and Canada.

This tie-up with Ingram Micro – which delivers a full range of global technology and supply chain services to businesses around the world – is expected to facilitate channel partners to drive additional services opportunities and build up their monthly recurring revenues. In fact, channel customers can effortlessly embrace trending technologies; including cloud, big data and mobility.

Notably, with growth in cloud computing, Internet of Things and big data, and an increasing number of companies opting for third-party IT infrastructure; data center REITs are experiencing a boom market. These REITs pulled in their capital and scored well on the return book, producing total returns of 8.9% in May.

CoreSite has 17 secure, reliable, high-performance, enterprise-class data centers across eight strategic geographic markets in the U.S. and stands well to capitalize on this trend.

The company provides a solid platform for hosted services, disaster recovery, offsite storage, and cloud solutions which are offered to end customers by IT service providers. It has also developed SKU-based products for its tie up with Ingram Micro that would facilitate resellers’ quote and sell as a complimentary product to their existing line card in a simple and efficient manner.

CoreSite currently sports a Zacks Rank #1 (Strong Buy).

Investors interested in the REIT industry may also consider stocks like DCT Industrial Trust Inc. (NYSE:DCT) and PS Business Parks Inc. (NYSE:PSB) . Both stocks hold a Zacks Rank #2 (Buy).