Last $24.13 USD
Change Today +0.01 / 0.04%
Volume 186.6K
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As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

associated estates realty cp (AEC) Key Developments

Associated Estates Realty Corporation Announces Acquisition of 1160 Hammond Located in Perimeter Submarket of Atlanta

Associated Estates Realty Corporation announced the acquisition of 1160 Hammond, a luxury apartment community located in the Perimeter submarket of Atlanta. Comprising 345 units with 16,000 square feet of amenity space, 1160 Hammond offers convenient access to approximately 29 million square feet of nearby offices, restaurants, entertainment venues and shopping options, including Perimeter Mall. Residents are also within walking distance of the Sandy Springs MARTA station, which offers direct access into Downtown Atlanta. The brand new apartment community offers various floor plans that include 10' ceilings, kitchen islands, granite countertops, tiled backsplashes, upscale cabinets and plank-style flooring. Additionally, 1160 Hammond opens with another feature that will separate it from its competition—a smoke-free policy for its apartment homes. The newly-constructed property is in lease up and is currently 44.6% leased with average rents of approximately $1,550 per month. The company now owns three properties comprising a total of 699 units in the Atlanta market.

Associated Estates Realty Corporation Appoints Jon A. Fosheim to its Board of Directors

Associated Estates Realty Corporation announced that it has appointed Jon A. Fosheim to its board of directors where he will serve as a member of the finance and planning committee. The appointment is effective immediately. Fosheim brings significant real estate investment, financial and strategic planning experience to the board. He was a principal and co-founder of Green Street Advisors and previously served as CEO of Oak Hill REIT Management.

Associated Estates Realty Corporation Announces to Increase its Quarterly Dividend During the Year 2015

Associated Estates Realty Corporation's board announced to increase its quarterly dividend twice during the year 2015, raising its annualized distribution by 10.5%.

Associated Estates Realty Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

Associated Estates Realty Corporation reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of USD 48.256 million compared to USD 49.070 million a year ago. Net income attributable to the company was USD 36.672 million compared to USD 29.273 million a year ago. Funds from operations were USD 19.283 million or USD 0.33 per diluted share compared to USD 19.033 million or USD 0.33 per diluted share a year ago. Operating FFO was USD 19.592 million or USD 0.34 per diluted share compared to USD 19.033 million or USD 0.33 per diluted share a year ago. Funds available for distribution was USD 17.824 million compared to USD 17.238 million a year ago. Same community NOI was up 1.9%. For the year, the company reported total revenues of USD 194.080 million compared to USD 181.479 million a year ago. Net income attributable to the company was USD 144.711 million compared to USD 61.250 million a year ago. Funds from operations were USD 72.780 million or USD 1.26 per diluted share compared to USD 66.078 million or USD 1.27 per diluted share a year ago. Operating FFO was USD 73.089 million or 1.26 per diluted share compared to USD 66.078 million or USD 1.27 per diluted share a year ago. Funds available for distribution was USD 66.281 million compared to USD 58.311 million a year ago. The company provided earnings guidance for the full year of 2015. For the year, the company expects same community revenue growth in the range of 2.50% to 3.50%, same community property NOI growth in the range of 2.75% to 3.75%, earnings per common share in the range of USD 1.72 to USD 1.78, operating FFO per common share in the range of USD 1.32 to USD 1.38. For the first quarter of 2015, the company expects operating FFO is expected to be in the range of USD 0.28 to USD 0.30 per share and assume same community NOI growth of 3.2% at the midpoint.

Associated Estates Realty Corporation Presents at Citl's 2015 Global Property CEO Conference, Mar-02-2015 02:15 PM

Associated Estates Realty Corporation Presents at Citl's 2015 Global Property CEO Conference, Mar-02-2015 02:15 PM. Venue: The Diplomat Resort & Spa, 3555 South Ocean Drive, Hollywood, FL 33019, United States. Speakers: Jeffrey I. Friedman, Executive Chairman, Chief Executive Officer, President, Chairman of Pricing Committee and Member of Finance & Planning Committee.

 

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