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American Realty Capital Propert Message Board

  • jtbigcat jtbigcat May 7, 2014 9:31 PM Flag

    Earnings Prediction

    Any feel out there for the earnings prediction this QTR ?? (tomorrow) previous QTR'S have not been good very concerned! Can they maintain the DIV if this continues?

    Sentiment: Hold

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    • they beat 3 out of last 4 quarters shorty and they beat revenue estimates this qujarter

      Sentiment: Strong Buy

    • FFO will beat 0.29 per share.

    • goldinvestmentmanagement goldinvestmentmanagement May 7, 2014 10:33 PM Flag

      I am not sure which quarterly earnings you are referring to. Q4-13 was a blowout quarter. Given their leverage, I would expect very strong results in this low interest rate environment.

      From ARCP's website:
      For the quarter ended December 31, 2013 (as compared to the same quarterly period in 2012):

      Increased revenues 213% to $94.1 million as compared to $30.1 million.
      Improved AFFO available to common stockholders by 153% to $55.8 million.
      Increased AFFO per diluted share by 108% to $0.25.
      Generated proceeds of $690.0 million in convertible note offerings at an average cost of 3.4%.
      Grew the monthly dividend in December to $0.94 per share coincident with the closing of CapLease, Inc. ("CapLease") and increased again to $1.00 per share upon the closing Cole.
      Expanded credit facility borrowing capacity to $2.4 billion and further extending to $2.97 billion in the first quarter of 2014.

      For the year ended December 31, 2013 (as compared to 2012):

      Increased revenues over 260% to $240.5 million as compared to $66.8 million.
      Improved AFFO available to common stockholders by 240% to $163.9 million.
      Increased AFFO per diluted share by over 80% to $0.86.
      Invested $3.4 billion in 676 acquired real estate properties.
      Closed on (i) $2.3 billion acquisition of American Realty Capital Trust III, Inc. ("ARCT III"), (ii) $2.2 billion acquisition of CapLease and (iii) the $774.0 million acquisition of the GE/Trustreet portfolio, successfully integrating all acquisitions into the Company's property portfolio.

      Sentiment: Hold

 
ARCP
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