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May 24, 2015 2:32 AM ET

Real Estate Investment Trusts (REITs)

Company Overview of Dividend Capital Diversified Property Fund Inc.

Company Overview

Dividend Capital Total Realty Trust, Inc. invests in a portfolio of real properties and real estate securities. The company’s targeted investments include direct investments in real properties consisting of office, industrial, retail, multifamily, and other real properties, primarily located in North America, as well as investments in real estate related securities, including securities issued by other real estate companies, mortgage loans secured by income producing real estate, and other securities. Dividend Capital Total Realty Trust was founded in 2005 and is based in Denver, Colorado.

518 Seventeenth Street

17th Floor

Denver, CO 80202

United States

Founded in 2005

Key Executives for Dividend Capital Diversified Property Fund Inc.

Chief Financial Officer and Treasurer
Chief Operating Officer
Chairman of Dividend Capital Trust and Chief Investment Officer of Dividend Capital Trust
Age: 62
Executive Vice President
Chief Accounting Officer and Treasurer
Compensation as of Fiscal Year 2014.

Dividend Capital Diversified Property Fund Inc. Key Developments

Dividend Capital Diversified Property Fund Inc. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Impairment of Real Estate Property for the First Quarter Ended March 31, 2015

Dividend Capital Diversified Property Fund Inc. announced consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company announced total revenue of $62,582,000 compared to $58,068,000 for the same period a year ago. Net income was $132,201,000 compared to $31,988,000 for the same period a year ago. Net income attributable to common stockholders was $123,583,000 or $0.69 per basic and diluted share compared to $27,438,000 or $0.15 per basic and diluted share for the same period a year ago. FFO attributable to dilutive OP units was $1,662,000 compared to $1,456,000 for the same period a year ago. FFO attributable to common shares, diluted was $25,603,000 compared to $21,078,000 for the same period a year ago. FFO per share, basic and diluted was $0.13 compared to $0.11 for the same period a year ago. Recurring capital expenditure was $2,795,000 compared to $3,789,000 for the same period a year ago. NOI was $47,453,000 compared to $44,354,000 for the same period a year ago. Total non-recurring expenditures were $261,000 compared to $210,000 for the same period a year ago. Company-defined FFO attributable to dilutive OP units was $1,748,000 compared to $1,460,000 for the same period a year ago. Company-defined FFO attributable to common shares, diluted was $26,933,000 compared to $21,141,000 for the same period a year ago. Company-defined FFO per share, basic and diluted was $0.14 compared to $0.11 for the same period a year ago. NAV per share as of end of period was $7.31 compared to $7.31 for the same period a year ago. For the first quarter ended March 31, 2015, the company announced impairment of real estate property of $1,400,000.

Dividend Capital Diversified Property Fund Inc. Acquires City View Portfolio

Dividend Capital Diversified Property Fund Inc. announced that it acquired the City View Portfolio, a collection of four multi-tenant office buildings in Austin, TX, for $68.75 million. DPF funded the acquisition through cash on hand and availability under its revolving credit facility. City View is comprised of four adjacent Class A office buildings in the southwest submarket of Austin, TX. Three of the buildings were built in 1985 while the fourth building was completed in 1998. The buildings combine to approximately 274,000 net rentable square feet, and are 99% leased to 22 tenants. Including this acquisition, DPF owns 20 office properties totaling approximately 4.3 million square feet.

Dividend Capital Diversified Property Fund Inc., Q1 2015 Earnings Call, May 20, 2015

Dividend Capital Diversified Property Fund Inc., Q1 2015 Earnings Call, May 20, 2015

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 27, 2015
City View Portfolio
Merger/Acquisition
April 21, 2015
--
Merger/Acquisition
March 18, 2015
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