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September 04, 2015 9:46 AM ET

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

370 Employees

Phone:

469-250-5500

Key Executives for Monogram Residential Trust, Inc.

Chief Executive Officer, President, Chief Operating Officer and Director
Age: 54
Total Annual Compensation: $818.1K
Chief Financial Officer, Chief Accounting Officer, Executive Vice President, Treasurer and Assistant Secretary
Age: 57
Total Annual Compensation: $625.6K
Executive Vice President of Property Management
Age: 58
Total Annual Compensation: $402.2K
Senior Vice President, General Counsel and Secretary
Age: 40
Total Annual Compensation: $365.6K
Senior Vice President of Portfolio Management
Age: 48
Total Annual Compensation: $349.9K
Compensation as of Fiscal Year 2014.

Monogram Residential Trust, Inc. Key Developments

Monogram Residential Trust, Inc. Announces Management Changes

Monogram Residential Trust, Inc. announced the appointment of Dan Swanstrom as Executive Vice President and Chief Financial Officer-Elect, effective on October 26, 2015. Swanstrom will succeed Howard Garfield, who will remain with the company as Senior Vice President Planning, Treasurer, Chief Accounting Officer, and Assistant Secretary. Mr. Garfield will also serve as interim Chief Financial Officer until the company files its quarterly report on Form 10-Q for the third quarter with the SEC. Mr. Garfield will assist Mr. Swanstrom with the transition to Chief Financial Officer. Mr. Swanstrom joins Monogram following a successful nine-year career at Morgan Stanley, most recently serving as Executive Director in the Real Estate Investment Banking Group.

Monogram Residential Trust, Inc. Declares Third Quarter 2015 Cash Dividend Payable on October 7, 2015

Monogram Residential Trust, Inc. announced that its board of directors authorized a cash dividend of $0.075 per share on common stock for the third quarter of 2015. The dividend will be payable on October 7, 2015 to shareholders of record at the close of business on September 30, 2015.

Monogram Residential Trust, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of 2015

Monogram Residential Trust, Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported rental revenues of $59,105,000 compared with $51,048,000 for the same period a year ago. Loss from continuing operations before gain on sales of real estate was $4,129,000 compared with $6,871,000 for the same period a year ago. Net income attributable to common stockholders was $49,196,000 or $0.29 per basic and diluted share compared with net loss attributable to common stockholders of $6,778,000 or $0.04 per basic and diluted share for the same period a year ago. FFO was $21,279,000 or $0.13 per basic and diluted share compared with $7,928,000 or $0.04 per basic and diluted share for the same period a year ago. Core FFO was $21,492,000 or $0.13 per basic and diluted share compared with $13,415,000 or $0.08 per basic and diluted share for the same period a year ago. For the six months, the company reported rental revenues of $115,748,000 compared with $101,229,000 for the same period a year ago. Loss from continuing operations before gain on sales of real estate was $5,306,000 compared with $8,560,000 for the same period a year ago. Net income attributable to common stockholders was $48,363,000 or $0.29 per basic and diluted share compared with $649,000 for the same period a year ago. FFO was $36,375,000 or $0.22 per basic and diluted share compared with $20,833,000 or $0.12 per basic and diluted share for the same period a year ago. Core FFO was $36,613,000 or $0.22 per basic and diluted share compared with $27,011,000 or $0.16 per basic and diluted share for the same period a year ago. Monogram expects 2015 same store NOI growth between 3% and 3.75%.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 20, 2015
Monogram Residential Post Oak, LLC
Buyback
November 21, 2014
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