welcome and to quarter call. Michael, Thanks, fourth earnings CyrusOne's
COVID time current all winter last been XX have you difficult my the more and teammates These Before want and dealing give have And company's other all thank in with I any to out big you a my history. to and storm CyrusOne major to begin shout of than risen very I challenge. the the prepared worldwide. challenging Texas now months remarks,
and well been as our center each taking and our of extraordinary. customers dedication Your has other commitment, data care facilities, as
thank each you and of leadership team, the behalf bottom heart. the of I my from of every on So senior one
an quarter performance very With across significant and meaningful me honor a results special from our was enterprise I'd are industry is demand quarters you. with to with market importantly are and leasing start privilege for fourth that it like from prepared with to let in the also recent broad-based both including The saying and across contributions U.S. You with Europe. verticals, pleased my continued our in very customers. strong geographies hyperscale and remarks. our work well-diversified leasing and with improvement talented by begin we teammates that,
in XXXX For we the highest $XXX.X significantly year, XX% up in signed company's bookings. from million full total our annualized the revenue, the history,
increase cycle in more some that this this results. for note between as leases contribution period deploy. and backlog, to the extension from also in as to with that hyperscale for large U.S. in time impacting and in disappointing. deployments momentum. timing result, a commencement that a year's As an the outlook impacted and the is that began extent customers churn, this pandemic said, well leases year by well as good strictly in reflected for anticipated signing we recognize driven The by particularly an expect is new sign. an our of revenue EBITDA and issue about in this With guidance part leases year our taking This Please for increase a of the the timing bigger assumption with is the record to commencement in as year-end the but being backlog is expected book-to-bill we some XXXX leasing the I Europe,
team is durability slide emphasis have of XXXX, years, and improving per of average weighted stream. placed driving foot significant on we normalized was basis a forward. X, see of signed term average on the on going GAAP the $XX.X will focused signed The million during during Beginning a better financial square history. biggest XX and the quality the Importantly, metric Katherine the the this shortly. you share megawatts, X.X improving leases in quarters our fourth results can FFO totaling discuss colocation performance annualized We with in company's rental quarter, quarter, revenues for which one leasing the
and for of which positions in As began we XXXX our growth helps of and this million, strong us the backlog leasing, $XXX a growth to a well XXXX derisk with beyond. result year
X. Europe, both construction fourth in quarter, XXX,XXX on of square the US XX in is slide to completed signed to We which Turning leases. and most the megawatts markets across colocation feet tied and
of development end towards pre-leased. weighted the at square construction Europe, the the pipeline XX% with under footage is of Our year
expanding of in Paris, are markets with fully Europe, pre-leased one a center. we the Additionally, data into leading
quarter GDS. We Slide our on kilowatt full our continue through the The X, MRR signed for program detail results quarter square basis, X.X to on lease and for and additional years colocation was sheet. a weighted additional on term Selling foot in ATM per investment quarter provides strengthen the and during remaining the basis. our equity, forward was a monetizing, leasing leases the our balance year. in $XXX fourth average
than XX% and signed, our enterprise about $XX.X minute. representing first leasing through We in accounted year. $XX.X annualized million As total quarter. the a of markets. XXX deals with the With our than three the from revenue mentioned, With in I also pleased saw results higher, revenue several more for average across greater which kilowatts. talk our signed, US for our million were we significantly annualized good will was of $XX.X quarters the customers. I both, in demand of And than XXX bookings including enterprise deals, greater million The kilowatts, hyperscale
end As of of represented each of and enterprises, our the hyperscale year, the rent. XX% companies total portfolio approximately
hyperscale a approximately MRR kilowatt prior split. customers, there and was even the per of the the year, full more hyperscale was enterprise signed the leasing when significantly with For $XXX, from up year, two-thirds was
offering same ago. their In revenue efficiently year X. enterprise XX%, to our cost Moving December, quarter to industry the our customers launched and needs a effectively. offering, additional adding our we Connect direct on-ramps slide Cloud to Direct hybrid flexibility meet portfolio, connection Fourth compared cloud Google period new across was five up
and data communities. in at reflects the transition our power continue Carrollton on progress Sky make requirements our purchase that equivalent we a XX of of center project good in at future. announced our Texas. solar power by also agreement XXX% to XX% will recently will to renewable commitment the requirements of of nearly center. local energy the data The to Azure megawatts our resources sustainable We This commitment We generated the Allen renewable North to approximately provide energy,
revenue. eight. as markets. our expand accounted companies quarter, slide In strong, remained throughout million to of continue Demand Europe $XX.X fourth XX% Turning for to our markets in over annualized the hyperscale signed European the leasing year. across And we full key
underway of data on And a market. earlier, to through will As mid-XXXX, so expand center, into a minimizing deployment phase timing first Paris. pre-leased closely we supporting Construction capital with are to with doing is comes are recognition. excited that customer the XX-megawatt ramp development, the a with spend aligned fully revenue that into new risk I a of mentioned the entry the in blocks
an of at projects nine call. discussed near-term footprint our completion chart XXX total update the of our provides in on European we pipeline, priorities the development approximately our bottom the be portfolio. the megawatts As that shows Slide last on slide the XX% will of upon representing quarter's
quarter $XX.X yield stabilized four The our to customers returns. still market our targeted United across average, XX%, in of be markets. are share to for The many verticals industry prior our hyperscale annualized double we was range competitive across deals with throughout to the more was first while revised signed X% more attractive priority equity With from than improve generating able the revenue leasing in contribution States. million U.S. the
We inventory. meet key also capacity have land and shell markets, including our across demand to
and all the As we remains major have center European discussed, now I Europe presence a just across of strong markets. data very
As by continues in support our of customers. and including our to shell we more demand to than footprint. hyperscale U.S., to available sufficient The the to have growth be double U.S.-based our land size driven primarily the inventory continue
that we to Although, growth. over demand expect will contribute time our enterprise
Our competitive in credit put proven our markets. as track broad profile, record footprint good these as us the across hyperscalers, well with position a and strong
are on XX, June giving management an our team. we have to of Day planning opportunity all from virtual the to the senior hear Investor you Lastly of members
shareholders. execute we work year. a key review you trends help infrastructure And think been upon very demand provide industry us has of IT business we a strategy, ahead while remain create well including our the customers of to their lot a will are and us, of with comprehensive It our and have requirements. incumbent busy to strong our and the compete to for framework plan our value in It coming years. trends, is We our and about positioned help a growth
With and success Katherine? Before call financial say over as a performance background now important excited provide for energetic I our coming Katherine, the year. and color I an a that, in play quarter partner. more she year. is turn tremendous has the to role on how to the Katherine, smart our want very will to am you guidance and the have I will She her in discuss for our
