September 27, 2016 4:08 PM ET

Equity 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: 64
Executive Vice President
Chief Accounting Officer and Treasurer
Compensation as of Fiscal Year 2016.

Dividend Capital Diversified Property Fund Inc. Key Developments

Dividend Capital Diversified Property Fund Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Dividend Capital Diversified Property Fund Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported total revenue of $52,939,000 compared to $52,659,000 a year ago. Net income attributable to common stockholders was $117,000 or $0.0893 per share compared to $70,000 or $0.0896 per share a year ago. FFO attributable to common shares was $20,290,000 or $0.12 per diluted share compared to $19,928,000 or $0.10 per diluted share a year ago. Company-defined FFO attributable to common shares-diluted was $20,764,000 or $0.12 per diluted share compared to $20,430,000 or $0.10 per diluted share a year ago. Total capital expenditures were $8,906,000 compared to $4,126,000 a year ago. Total same store real property revenue was $42,360,000 compared to $41,884,000 a year ago. Total same store real property NOI was $30,407,000 compared to $30,768,000 a year ago. NOI was $37,070,000 compared to $37,668,000 a year ago. GAAP net income was $0.1 million, or $0.00 per basic and diluted share. This compares to a GAAP net income for the quarter ended June 30, 2015 of $0.1 million, or $0.00 per basic and diluted share. For the six months, the company reported total revenue of $52,939,000 compared to $52,659,000 a year ago. Net income attributable to common stockholders was $43,899,000 or $0.1785 per share compared to $123,653,000 or $0.1793 per share a year ago. FFO attributable to common shares was $46,350,000 or $0.26 per diluted share compared to $45,532,000 or $0.23 per diluted share a year ago. Company-defined FFO attributable to common shares-diluted was $42,772,000 or $0.24 per diluted share compared to $47,366,000 or $0.24 per diluted share a year ago. Total capital expenditures were $16,174,000 compared to $7,182,000 a year ago. Total same store real property revenue was $84,626,000 compared to $87,626,000 a year ago. Total same store real property NOI was $60,721,000 compared to $63,108,000 a year ago. NOI was $76,296,000 compared to $81,918,000 a year ago. GAAP net income for the six months ended June 30, 2016 was $48.4 million, or $0.27 per basic and diluted share. This compares to a GAAP net income for the six months ended June 30, 2015 of $132.3 million, or $0.68 per basic and diluted share.

Dividend Capital Diversified Property Fund Inc., Q2 2016 Earnings Call, Aug 17, 2016

Dividend Capital Diversified Property Fund Inc., Q2 2016 Earnings Call, Aug 17, 2016

Dividend Capital Diversified Property Fund Inc. Acquires Suniland Shopping Center in Pinecrest, Florida

Dividend Capital Diversified Property Fund Inc. announced that it acquired Suniland Shopping Center, a retail center in Pinecrest, FL for $66.5 million. DPF is funding the acquisition through cash on hand and availability under its revolving credit facility. Suniland Shopping Center comprises approximately 82,000 square feet. The center is currently approximately 94% leased to 27 tenants including CVS and Citibank.

Similar Private Companies By Industry

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American Realty Capital Hospitality Trust, Inc. United States
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Blackstone Real Estate Income Trust, Inc. United States
Camden Summit Partnership, L.P. United States
FSP Innsbrook Corp. United States

Recent Private Companies Transactions

Type
Date
Target
Buyback
August 5, 2016
--
Merger/Acquisition
May 31, 2016
Suniland Associates Ltd.
Buyback
May 6, 2016
--
 

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