Last €9.58 EUR
Change Today +0.172 / 1.83%
Volume 0.0
I3R On Other Exchanges
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As of 1:16 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

inland real estate corp (I3R) Snapshot

Open
€9.54
Previous Close
€9.41
Day High
€9.58
Day Low
€9.20
52 Week High
01/27/15 - €10.41
52 Week Low
03/14/14 - €7.18
Market Cap
962.3M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
100.4M
EX-Date
02/26/15
P/E TM
--
Dividend
€0.57
Dividend Yield
4.66%
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.

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 2013.

inland real estate corp (I3R) Key Developments

Inland Real Estate Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Inland Real Estate Corp. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's total revenues were $50.6 million compared with $52.6 million a year ago. Operating income was $10.2 million compared with operating loss of $6.2 million a year ago. Income before income tax benefit (expense) of taxable REIT subsidiaries was $5.2 million compared with loss of $15.1 million a year ago. Income from continuing operations was $6.3 million or $0.03 per basic and diluted share compared with loss of $8.6 million or $0.11 per basic and diluted share a year ago. Net income attributable to the company was $6.5 million compared with net loss of $4.9 million a year ago. Net income attributable to common stockholders was $2.9 million or $0.03 per basic and diluted share compared with net loss of $7.12 million or $0.07 per basic and diluted share a year ago. Net income for the quarter increased primarily due to asset impairments recognized in the prior year quarter and lower interest expense and depreciation and amortization expense. Funds from operations attributable to common stockholders were $24.9 million or $0.25 per diluted share compared with $18.8 million or $0.19 per diluted share a year ago. The increase in FFO and FFO per share was primarily due to higher property net operating income from the consolidated portfolio and lower interest expense, plus a provision for asset impairment on non-depreciable real estate that was recorded in the fourth quarter of 2013. Recurring funds from operations attributable to common stockholders was $24.9 million or $0.25 per diluted share compared with $24.5 million or $0.25 per diluted share a year ago. EBITDA was $38.5 million compared with $22.7 million a year ago. Recurring EBITDA was $38.6 million compared with $37.6 million a year ago. Non-GAAP pro-rata total revenues were $64.3 million compared with $64.2 million a year ago. Non-GAAP pro-rata operating income was $13.6 million compared with operating loss of $2.5 million a year ago. Same-store net operating income for the consolidated portfolio rose 3.8%. For the year, the company's total revenues were $204.8 million compared with $183.4 million a year ago. Operating income was $38.3 million compared with $20.7 million a year ago. Income before income tax benefit (expense) of taxable REIT subsidiaries was $31.1 million compared with $89.2 million a year ago. Income from continuing operations was $38.4 million or $0.28 per basic and diluted share compared with $99.8 million or $0.95 per basic and diluted share a year ago. Net income attributable to the company was $39.2 million compared with $111.7 million a year ago. Net income attributable to common stockholders was $28.8 million or $0.29 per basic and diluted share compared with $102.7 million or $1.08 per basic and diluted share a year ago. Net income decreased year over year primarily due to a gain from the change in control of investment properties in 2013 related to the consolidation of NYSTRS joint venture assets and from the settlement of receivables in 2013, as well as lower lease termination income in 2014. Funds from operations attributable to common stockholders were $94.9 million or $0.95 per diluted share compared with $91.0 million or $0.95 per diluted share a year ago. FFO for 2014 increased primarily due to higher property net operating income from the consolidated portfolio, increased lease termination income and increased equity in earnings of unconsolidated joint ventures, partially offset by higher general and administrative expense, lower fee income from unconsolidated joint ventures and asset impairments recorded in the fourth quarter of 2013. Recurring funds from operations attributable to common stockholders was $94.7 million or $0.95 per diluted share compared with $87.7 million or $0.92 per diluted share a year ago. Recurring FFO per share for 2014 increased 3.3% year over year primarily due to the aforementioned items, but excluding the impact of lease termination income and asset impairments. EBITDA was $148.5 million compared with $135.3 million a year ago. Recurring EBITDA was $148.5 million compared with $142.8 million a year ago. Non-GAAP pro-rata total revenues were $255.8 million compared with $236.8 million a year ago. Non-GAAP pro-rata operating income was $53.2 million compared with $35.3 million a year ago. Same-store net operating income for the consolidated portfolio rose 2.3%. The acceleration was expected driven primarily by gains in consolidated same-store financial occupancy, which rose 150 basis points year-over-year to 92.5% at year end. 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%.

IRC Seeks Acquisitions

Inland Real Estate Corp. (NYSE:IRC) is seeking acquisitions. Mark Zalatoris, President, Chief Executive Officer of IRC said, “We are executing a multifaceted growth plan that includes acquisitions and developments across our traditional markets, as well as expanding our platform into new markets in the central and southeastern United States.”

Inland Real Estate Corporation Announces Distribution, Payable on March 17, 2015

Inland Real Estate Corporation announced a cash distribution of USD 0.0475 per share on the outstanding shares of its common stock. The distribution will be paid on 17 March 2015 to stockholders of record at the close of business on 2 March 2015.

 

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