Just looking at this, owned it several months ago and sold way to early. Read the EPS report. For 2012 they had AFFO of $1.08 per share fully diluted. Forecast for 2013 is a disappointing .91 - .95. For 2014 the forecast is $1.06 - $1.10, all fully diluted.
I know it's a significantly different company going forward, but the '13 number is troubling. Perhaps it'll be adjusted upward as the year passes. I'll continue to be an interested observer, unless an extreme bargain price develops.
Nonsense & misleading. APCP executives have directly spoken to this. Quoting Brian S. Block, Executive Vice President and Chief Financial Officer of ARCP "We are guiding to AFFO per share in 2013 of $0.93, and $1.08 in 2014, which translates to 16% growth in earnings, about 4 times our peer group." Many sources report Adjusted Funds From Operations (AFFO) Growth: Pro forma combined company AFFO is estimated to grow dramatically by approximately 16% from 2013E to 2014E, compared to 4% among the peer set.