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Last $6.73 USD
Change Today -0.06 / -0.88%
Volume 6.3K
As of 12:42 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

trade street residential inc (TSRE) Key Developments

Trade Street Residential, Inc. Announces Dividend for the Second Quarter of 2015, Payable on July 15, 2015

Trade Street Residential, Inc. announced that its Board of Directors has declared a dividend of $0.095 per share on the company's common stock for the second quarter of 2015. The second quarter dividend will be payable July 15, 2015 to stockholders of record on June 30, 2015.

Trade Street Residential, Inc. Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015

Trade Street Residential, Inc. Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015 . Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States.

Trade Street Residential, Inc. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Trade Street Residential, Inc. announced consolidated earnings results for the first quarter ended March 31, 2015. Net loss attributable to common stockholders for the first quarter of 2015 was $0.4 million compared to a net loss of $15.2 million in the prior year period. The decrease in net loss was primarily the result of higher revenues and a reduction in expenses, which includes $9.0 million of management transition expenses in the prior year period. Funds from operations, or FFO, for the first quarter of 2015 was $3.5 million, or $0.09 per diluted share, as compared to a deficit of $11.4 million or $0.33 per diluted share in the prior year period. The increase in FFO is largely attributable to a full quarter of results from the six new operating properties added during the first four months of 2014 and the $9.0 million of management transition expenses incurred in the prior year period. Core FFO for the first quarter of 2015 was $3.7 million, or $0.10 per diluted share, as compared to $1.0 million, or $0.03 per diluted share, in the prior year period. Adjusted FFO, which additionally deducts recurring and non-recurring capital expenditures, for the first quarter of 2015 was $2.9 million, or $0.07 per diluted share, as compared to $0.7 million, or $0.02 per diluted share, in the prior year period. Same store NOI for the first quarter of 2015 increased 9.0% to $5.6 million as compared to $5.1 million in the prior year period. This improvement in same store NOI was driven by a 3.7% increase in same store revenue and a 2.7% decrease in same store property expenses compared to the prior year period. The increase in same store revenue was primarily attributable to a 70 basis point increase in average occupancy to 96.0%, and a 3.7% increase in average rent to $991 per month. The decrease in same store property operating expenses was primarily attributable to a decrease in advertising and marketing expenses due to stable occupancies within the portfolio and a reduction in insurance costs as a result of aggregating all properties under one common policy.

Trade Street Residential, Inc. to Report Q1, 2015 Results on May 11, 2015

Trade Street Residential, Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on May 11, 2015

Trade Street Residential, Inc., Q1 2015 Earnings Call, May 11, 2015

Trade Street Residential, Inc., Q1 2015 Earnings Call, May 11, 2015

 

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Price/Cash Flow 55.7x
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