67 WALL STREET, New York - June 18, 2013 - The Wall Street Transcript has just published its REITs Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Acquisition and Financing Costs - Pricing Power Outlook - Residential and Commercial REITs - Inexpensive Access to Capital - Apartment, Lodging, Self-Storage and Office REITs
Companies include: American Realty Capital Properties, Inc. (ARCP) and many more.
In the following excerpt from the REITs Report, the Chairman and CEO of American Realty Capital Properties, Inc. (ARCP) discusses company strategy and the outlook for this vital industry:
TWST: From your most recent quarterly earnings, what were the key points for you?
Mr. Schorsch: The number one was obviously 600% revenue growth quarter over quarter, which is pretty dramatic to be able to see six times growth in your revenue. Successfully closing the merger without any hiccups, and at a slightly lower cost than anticipated. Being able to achieve our previously announced earnings guidance was a very big positive; we saw a number of upgrades from the analysts, and that really strengthens the story.
And then the other thing that's happened most recently is we were announced to be included in the Morgan Stanley REIT Index, or the MSCI, on May 15. That's a very, very strong benefit to the company as you get toward the inclusion trade date at the end of the month. That's a lot of buy-side demand; it helps balance and increase our institutional ownership.
TWST: What's your guidance for the rest of the year, and just generally your outlook for the company?
Mr. Schorsch: We are very bullish on the market. Our pipeline is extremely robust. And the other nice thing is we're seeing a lot of potential strategic combinations, whether that be portfolios or M&A activity. We're very excited about that as a growth potential on top of our acquisitions. The combination of organic growth and then some M&A growth, that is the kind of thing that really takes a company to the next level.
TWST: From an investor standpoint, what do you think makes your company stand out from other REITs in general, and the other net lease REITs in particular?
Mr. Schorsch: We believe the value proposition is the durable income coupled with preservation of capital. Our portfolio has an average duration of over 10 years, which is longer than most any other REIT. But more importantly, our...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.