September 20, 2017 12:43 AM ET

Equity Real Estate Investment Trusts (REITs)

Company Overview of Monogram Residential Trust, Inc.

Company Overview

Monogram Residential Trust, Inc. is an equity real estate investment trust. The trust invests in the real estate markets of United States. It engages in investment, development and operation of real estate assets. The trust's portfolio comprises of high-quality multifamily communities, including conventional multifamily assets, such as mid-rise, high-rise, and garden-style properties; age-restricted residences and student housing. The firm was formerly known as Behringer Harvard Multifamily REIT I, Inc. Monogram Residential Trust, Inc. was founded in 2006 and is based in Plano, Texas.

5800 Granite Parkway

Suite 1000

Plano, TX 75024

United States

Founded in 2006

425 Employees

Phone:

469-250-5500

Key Executives for Monogram Residential Trust, Inc.

CEO, President, COO & Director
Age: 56
Total Annual Compensation: $600.0K
Executive VP & CFO
Age: 40
Total Annual Compensation: $325.0K
Executive Vice President of Property Management
Age: 60
Total Annual Compensation: $300.0K
Senior VP of Planning, Chief Accounting Officer, Treasurer & Assistant Secretary
Age: 59
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2016.

Monogram Residential Trust, Inc. Key Developments

Monogram Residential Trust, Inc., Annual General Meeting, Sep 14, 2017

Monogram Residential Trust, Inc., Annual General Meeting, Sep 14, 2017, at 10:00 Central Standard Time. Location: 5800 Granite Parkway, Suite 160B Plano Texas United States Agenda: To consider the merger of Monogram with and into GS Monarch Acquisition, LLC,( Acquisition Sub ), and other transactions contemplated by the Agreement and Plan of Merger, dated as of July 4, 2017, by and among Monogram, GS Monarch Parent, LLC, and Acquisition Sub, a wholly owned subsidiary of Parent; and to consider other related proposals.

Monogram Residential Trust, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Monogram Residential Trust, Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net income attributable to common stockholders of $6.8 million, or $0.04 per fully diluted share, which included $28.6 million of GAAP gains on sales of real estate, compared to net loss attributable to common stockholders of $9.2 million, or $0.06 per fully loss diluted share, for the quarter ended June 30, 2016. The increase is primarily due to GAAP gains on property sales in the second quarter of 2017 of $28.6 million. Core FFO totaled $16.2 million or $0.10 per fully diluted share, as compared to $14.3 million or $0.09 per fully diluted share, for the same period in 2016. AFFO totaled $17.1 million or $0.10 per fully diluted share, as compared to $14.7 million or $0.09 per fully diluted share, for the same period in 2016. The quarter over quarter increase in Core FFO and AFFO is primarily due to a decrease in general and administrative expenses. Total consolidated revenues increased 4.7% to $71.8 million from $68.6 million for the same period in 2016. Loss from continuing operations before gains on sales of real estate was $11,045,000 compared to $11,927,000 a year ago. Adjusted proportionate EBITDA was $25,055,000 compared to $22,787,000 for the same period a year ago. For the Six Months Ended June 30, 2017, the company reported net income attributable to common stockholders of $82.8 million, or $0.49 per fully diluted share, which included $115.3 million of GAAP gains on sales of real estate, compared to net loss attributable to common stockholders of $17.5 million, or $0.11 per fully loss diluted share for the six months ended June 30, 2016. Core FFO totaled $30.8 million or $0.18 per fully diluted share, as compared to $26.8 million or $0.16 per fully diluted share, for the same period in 2016. AFFO totaled $32.6 million or $0.19 per fully diluted share, as compared to $27.6 million or $0.16 per fully diluted share, for the same period in 2016. Rental Revenue was $145,173,000 compared to $134,098,000 a year ago. Loss from continuing operations before gains on sales of real estate was $23,663,000 compared to $22,987,000 a year ago.

Greystar Real Estate Nearing Deal To Buy Monogram Residential

Greystar Real Estate Partners, LLC is nearing deal to buy Monogram Residential Trust, Inc. for $12 a share in cash. The deal could be announced as soon as July 5, 2017.

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