good Tesh, everyone. Thanks, and morning,
call as as are financial country successfully acknowledge our have As public those this - have across our for companies thoughts would by with this I and like quarter Tesh first-ever crisis. impacted executing well. our virtual most been done team that also to like would accounting the all mentioned,
to Turning XX. Slide
Consistent key of with of our Our remained we performance financial metrics. at to maintaining quarters, full X with our solid the X%. growth strong, X% guidance trend and year the range remained year-over-year X%, low churn are last churn across
for time. some COVID-XX our of the range this potential regarding estimate at the a to certain still represents is customers there year best as uncertainty impacts While of financial our some pandemic, result guidance this
will very shortly. most which Tesh significantly discussed, industry our As lower likely quality overall high, be exposure credit we to and I portfolio is are verticals the of on that have to affected, expand
the in X% margin last was quarter. the year increased by adjusted NOI earlier point proportion impact Moving zero-margin margin EBITDA a to reduction compared nearly primarily driven Slide scale year, The of driven power NOI to by X percentage pass-through compared of and the cost decrease our last initiatives. increased XX. higher with reimbursements this metered to up
with our online Slide data In properties shows, the XX%. the first well Europe. fully Amsterdam, XX quarter, portfolio coming maintain for stabilized first remains and very high in we initial a increased data an is hall at brought from leased. percentage we leased contribution The center As our diversified
most we verticals. contribution across is sector represents XX, Slide some credits the revenue in The XX%, highlight cloud world. rated from again, the contribution IT nearly and the industry of the revenue highly On
now X% very state and well customers are of sheets. and vast risk the which solid Fortune is our risk higher with have balance majority given the to industry, energy the have roughly companies, XXXX industries, the sector. higher is grocery of one fared Regarding the and vertical, pandemic. our that of of revenue, only however, This exposure with discount during of energy companies is large retail only this many oil X% concentration categories We
have hospitality and to to no the airline little we Finally, industry. exposure
XX. Slide to Turning
consists pipeline cost $XXX construction to million the the pipeline X complete to footage square U.S. development The markets megawatts. and Our estimated basis, is a of XXX,XXX XX totaling $XXX on the and in million in XX% Europe pre-leased square feet colocation is across and range.
projects. Our data consist X million will nearly of square these feet portfolio upon of colocation center completion
square construction initial predevelopment XXX,XXX we approximately have of expect feet Europe. we Clara, under have to and development table, our which Santa is phase, powered capacity in and markets in X our the Additionally, U.S. in is on there XXXX. shell across the not currently
Slide steps XX strengthen And update structure. we an on our capital to our continue further to sheet. take balance provides
rate our in EUR we rate options. term of X the a the taking extending discussed, the closed XXX previously inaugural we've As credit date years, renewal account maturity coupon raising quarter, fixed our into with a fixed million by X.XX%. euro of At we X-year amended agreement, offering and January end the
by Further, interest term credit term facility to on decreased credit margin current our the have basis the based by both on depending and The XX their the revolving also dates. level XX points. all-in on rate on XX the leverage maturity points decreased loans decreased margins revolving margins has the We drawn basis on loans.
$XXX fee Additionally, issuer. facility by on size revolver the decreased to improved we savings capital the and million the billion, access an have investment-grade in to annual resulting reflecting $X.X as our of
forward Lastly, we The late additional the XXXX, any needed, forward time down through as can manage an to our we to at leverage. million under be raised pursuant equity as and of drawn sale a announced fund our March in March, $XXX ATM. development
the quarter, we ATM available forward million So sale fourth $XXX in the equity. combined forward have in with
liquidity billion available position and Our with than XXX% leverage strong X.Xx, unsecured financial more of debt. $X.X at remains
have the amendment the maturities credit we and XXXX. term weighted As offering debt extended we've of to no debt euro the of and November agreement, X.X our average until result remaining a to years,
as backlog, Slide total is Tesh the in for shows our estimated million $XX timing mentioned, revenue quarter history. highest company's which, the XX in the commencement
mid-XXXX million $XX We of representing in GAAP commencements lease annualized range to leases the quarters, revenue X GAAP totaling million roughly expect $XX.X and million in the each in annualized $XX be in XXXX approximately next revenue permitting. commence annually expected beyond. to to the with X.X-megawatt necessary associated from to blocks megawatts, and includes subject mid-XXXX, XX.X deployed receiving $XX This in million to
very associated requirements and portion with will the result, of record beyond meaningful be the in this a quarter a strong even deferred backlog, the year. bookings As the capital
Turning to Slide XX.
ranges We environment. the are current given our guidance adjusting
decreased marginally receipt revenue impact end but and reflect and NFFO and have of of in the the delays share We per currency. low maintained the our ranges impact risks EBITDA CapEx revenue run adjusted including customer anticipated decreases high commencement with FX ranges. from midpoints in COVID-XX, a slight EBITDA associated modest our and payment, changes and potential from The
center We associated heightened additional to also expenses address with are our have taking the operations situation. COVID-XX data related we steps in
actions forward With expense the revenue as offset EBITDA per and savings, by adjusted to respect expected decrease Fed the March. result associated potential the LIBOR FFO a risk to share primarily with taken of normalized in our the interest - the guidance, curve are by in
also and the just credit rate agreement, decreases facility associated discussed. from to benefit the of the our margins fee amendment will We as impact credit with interest in the I
are closing, quarter, of and with operate strong crisis. drivers We lightly. In in terrible the to a ongoing benefiting out not our recognize industries environment to that few that in had we likely global and pipeline meet existing one and we of the do data that is well capacity take we crisis, arising development new from demand center first are this we this positioned this
came fully clearly crisis As center and into the on storm. have which top with We sheet health the as operational this this focused we liquidity can at a data we weather Tesh that stressed, is level. and balance safety remained priority, level have
intentional, fortunate balance to While it were be timing. out executions sheet the turned also very
now questions. remote Please We obviously happy separate and appreciate your participating take Tesh, on to our that any Michael I locations. are note call, we in and are
be one them. your would you ask very us specifically as to of it direct would if So helpful you questions
X the given to X questions questions the of question kindly follow-up. that request number In addition, we and in your limit queue, you
With open that, please for line operator, questions. thank the you, and
