Last $14.38 USD
Change Today +0.11 / 0.77%
Volume 184.6K
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As of 8:04 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

excel trust inc (EXL) Key Developments

Excel Trust, Inc. Declares Fourth Quarter Cash and Series A Cumulative Convertible Perpetual Preferred Shares and Series B Cumulative Redeemable Preferred Shares Dividends, Payable on January 15, 2015; Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fiscal Year 2014

The Board of Directors of Excel Trust, Inc. declared a fourth quarter cash dividend of $0.175 per common share payable on January 15, 2015 to shareholders of record as of December 31, 2014. The Board of Directors has also declared a dividend of $0.4375 per share on the company's Series A Cumulative Convertible Perpetual Preferred Shares, and a dividend of $0.5078 on its Series B Cumulative Redeemable Preferred Shares. The dividend on Excel Trust's outstanding Series A and Series B Preferred Shares will be payable on January 15, 2015 to shareholders of record as of December 31, 2014. The company reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported adjusted funds from operations (AFFO) for the third quarter of 2014 of $12.1 million, or $0.19 per diluted share and funds from operations (FFO) for the third quarter of $8.5 million or $0.14 per diluted share. Net loss attributable to the common stockholders for the third quarter was $2.8 million, or $0.05 per diluted share. This compares to AFFO of $11.7 million, or $0.24 per diluted share, FFO of $11.0 million or $0.22 per diluted share and net income attributable to the common stockholders of $10.7 million, or $0.22 per diluted share in the three-month period ended September 30, 2013. Total revenue was $30,234,000 compared to $28,931,000 a year ago. Net operating income was $7,427,000 compared to $6,187,000 a year ago. Net income from continuing operations was $1,218,000 compared to $1,520,000 a year ago. For the nine months, the company reported AFFO for the nine months ended September 30, 2014 of $35.9 million or $0.67 per diluted share and FFO of $30.6 million or $0.57 per diluted share. Net loss attributable to the common stockholders for the nine months ended September 30, 2014 was $4.2 million or $0.09 per diluted share. This compares to AFFO of $32.4 million, or $0.67 per diluted share, FFO of $33.4 million or $0.69 per diluted share and a net gain attributable to the common stockholders of $8.9 million or $0.18 per diluted share in the nine month period ended September 30, 2013. Total revenue was $91,461,000 compared to $82,738,000 a year ago. Net operating income was $22,386,000 compared to $18,568,000 a year ago. Net income from continuing operations was $5,475,000 compared to $5,180,000 a year ago. The company expects its AFFO per share for the fiscal year 2014 to be between $0.90 and $0.95 and its FFO per share to be between $0.76 and $0.81.

Excel Trust, Inc. to Report Q3, 2014 Results on Oct 29, 2014

Excel Trust, Inc. announced that they will report Q3, 2014 results After-Market on Oct 29, 2014

Excel Trust, Inc., Q3 2014 Earnings Call, Oct 30, 2014

Excel Trust, Inc., Q3 2014 Earnings Call, Oct 30, 2014

Excel Trust, Inc. Purchases Three Shopping Centers in the Salt Lake City Area from DDR Corp

DDR Corp. and Excel Trust, Inc. announced that Excel Trust has purchased three shopping centers in the Salt Lake City area from DDR for approximately $223 million. The transaction is strategically aligned with each company's portfolio objectives given DDR's desire to exit the Salt Lake City market and Excel's aspiration to expand their presence in a market where they have an established corporate and operating presence. The properties included in the transaction are The Family Center at Fort Union, The Family Center at Orem and The Family Center at Taylorsville. The three properties total approximately 1.8 million square feet. As a part of the transaction, Excel Trust has sold The Family Center at Taylorsville to a third party.

Excel Trust, Inc. Presents at Global REIT Summit 2014, Oct-01-2014 03:20 PM

Excel Trust, Inc. Presents at Global REIT Summit 2014, Oct-01-2014 03:20 PM. Venue: Essex house, 160 Central Park S, New York, New York, United States. Speakers: Matthew S. Romney, Senior Vice President of Capital Markets.

 

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