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Last €9.33 EUR
Change Today +0.038 / 0.41%
Volume 0.0
I3R On Other Exchanges
Symbol
Exchange
Frankfurt
As of 1:35 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

inland real estate corp (I3R) Snapshot

Open
€9.23
Previous Close
€9.30
Day High
€9.37
Day Low
€9.06
52 Week High
01/27/15 - €10.41
52 Week Low
06/27/14 - €7.52
Market Cap
937.5M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
100.4M
EX-Date
05/28/15
P/E TM
--
Dividend
€0.57
Dividend Yield
4.97%
Current Stock Chart for INLAND REAL ESTATE CORP (I3R)

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inland real estate corp (I3R) Details

Inland Real Estate Corporation, a real estate investment trust (REIT), engages in the ownership, operation, and development of shopping centers and single-tenant retail properties in the Midwest region of the United States. As of December 31, 2007, the company owned interests in 152 investment properties, comprising 70 neighborhood retail centers totaling approximately 4,397,000 gross leasable square feet; 20 community centers totaling approximately 3,007,000 gross leasable square feet; 28 power centers totaling approximately 4,622,000 gross leasable square feet; 1 lifestyle center totaling approximately 562,000 gross leasable square feet; and 33 single-user properties totaling approximately 2,139,000 gross leasable square feet. Inland Real Estate Corporation has elected to be taxed as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent it distributes at least 90% of its REIT taxable income to stockholders. The company was formed in 1994 and is based in Oak Brook, Illinois.

141 Employees
Last Reported Date: 02/27/15
Founded in 1994

inland real estate corp (I3R) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $570.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $420.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $410.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $315.0K
Senior Vice President of Transactions
Total Annual Compensation: $305.0K
Compensation as of Fiscal Year 2014.

inland real estate corp (I3R) Key Developments

Inland Real Estate Corporation Declares June Cash Distribution, Payable on June 17, 2015

Inland Real Estate Corporation has declared a cash distribution of $0.0475 per share on the outstanding shares of its common stock, payable on June 17, 2015, to common stockholders of record at the close of business on June 1, 2015.

Inland Real Estate Corp. Declares June Cash Dividend to Preferred Stockholders, Payable on June 15, 2015

Inland Real Estate Corporation announced that a cash dividend of $0.169271 per share on the outstanding shares of its Series A Preferred Stock, payable on June 15, 2015, to holders of record of Series A Preferred Stock at the close of business on June 1, 2015. In addition, the Company has declared a cash dividend of $0.144791667 per share on the outstanding shares of its Series B Preferred Stock, payable on June 15, 2015, to holders of record of Series B Preferred Stock at the close of business on June 1, 2015.

Inland Real Estate Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for 2015

Inland Real Estate Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. FFO attributable to common stockholders was $28.0 million for the quarter ended March 31, 2015, compared to $23.2 million for the first quarter of 2014. On a per share basis, FFO was $0.28 (basic and diluted) for the first quarter of 2015, compared to $0.23 (basic and diluted) for the same period of 2014. The increases in FFO and FFO per share were primarily due to higher net operating income from the consolidated same store portfolio, increased lease termination income, and increased equity in earnings of unconsolidated joint ventures. Recurring FFO was $25.2 million for the first quarter of 2015, compared to $23.1 million for the prior year quarter. On a per share basis, Recurring FFO was $0.25 (basic and diluted) for the three months ended March 31, 2015, compared to $0.23 for the three months ended March 31, 2014. The increases in recurring FFO and recurring FFO per share were due to the same items that impacted FFO, excluding the impact of lease termination income. Net loss attributable to common stockholders for the three months ended March 31, 2015 was $1.0 million, compared to net income of $13.2 million for the first quarter of 2014. On a per common share basis, net loss attributable to common stockholders (basic and diluted) was $0.01 for the first quarter of 2015, compared to net income per common share of $0.13 (basic and diluted) for the prior year quarter. Net income for the quarter decreased year over year primarily due to impairments recorded during the quarter on assets currently under contract for sale, and lower gains on sales of investment properties compared to the first quarter of 2014. The decrease was partially offset by the same items that impacted FFO, plus lower depreciation and amortization expense. The company reported recurring EBITDA of $39.3 million for the first quarter of 2015, compared to $36.7 million for the first quarter of 2014. For the quarter, the company reported total revenues of $55.767 million against $57.106 million a year ago. Operating income was $4.923 million against $9.446 million a year ago. Income from continuing operations was $3,033,000 against $14,914,000 a year ago. Loss before income tax expense of taxable REIT subsidiaries, equity in earnings of unconsolidated joint ventures and discontinued operations was $219,000 against income of $13,515,000 a year ago. EBITDA was $32,779,000 against $36,762,000 a year ago. For fiscal year 2015, the company expects recurring FFO per common share (basic and diluted) to range from $0.96 to $1.00. The Company’s guidance incorporates assumptions for an increase in consolidated same-store NOI to range from 2% to 3%, and consolidated same-store financial occupancy at year-end 2015 to range from 92.5% to 93.5%.

 

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I3R Competitors

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Company Last Change
Acadia Realty Trust $31.35 USD +0.03
American Assets Trust Inc $40.41 USD -0.15
Ramco-Gershenson Properties Trust $17.40 USD +0.07
Retail Opportunity Investments Corp $16.72 USD +0.09
Saul Centers Inc $52.17 USD -0.19
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