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Last $8.65 USD
Change Today 0.00 / 0.00%
Volume 598.4K
IRC On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

inland real estate corp (IRC) Snapshot

Open
$8.67
Previous Close
$8.65
Day High
$8.77
Day Low
$8.51
52 Week High
01/28/15 - $11.73
52 Week Low
08/26/15 - $8.50
Market Cap
869.6M
Average Volume 10 Days
390.1K
EPS TTM
$0.18
Shares Outstanding
100.5M
EX-Date
08/27/15
P/E TM
48.0x
Dividend
$0.57
Dividend Yield
6.59%
Current Stock Chart for INLAND REAL ESTATE CORP (IRC)

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inland real estate corp (IRC) 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 (IRC) 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 (IRC) Key Developments

Inland Real Estate Corporation Declares September 2015 Cash Dividend to Preferred Stockholders, Payable on September 15, 2015

Inland Real Estate Corporation announced that it has declared a cash dividend of $0.169271 per share on the outstanding shares of its 8.125% series A cumulative redeemable preferred stock, $0.01 par value per share, payable on September 15, 2015, to holders of record of series A preferred stock at the close of business on September 1, 2015. The company also has declared a cash dividend of $0.144791667 per share on the outstanding shares of its 6.95% series B cumulative redeemable preferred stock, payable on September 15, 2015, to holders of record of series B preferred stock at the close of business on September 1, 2015.

Inland Real Estate Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Fiscal Year 2015

Inland Real Estate Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues were $49.34 million against $48.81 million a year ago. Operating income was $11.47 million against $8.64 million a year ago. Income before income tax expense of taxable REIT subsidiaries, equity in earnings of unconsolidated joint ventures and discontinued operations was $5.98 million against $10.39 million a year ago. Income from continuing operations was $8.643 million against $12.605 million a year ago. Net income attributable to the company was $8.661 million against $12.646 million a year ago. Net income attributable to common stockholders was $4.689 million against $10.412 million a year ago. Basic and diluted earnings per share from continuing operations were $0.05 against $0.10 a year ago. Basic and diluted earnings per share were $0.05 against $0.10 a year ago. Funds from operations attributable to common stockholders were $24.433 million against $22.893 million a year ago. Basic and diluted funds from operations per share were $0.24 against $0.23 a year ago. EBITDA was $38.159 million against $35.827 million a year ago. Recurring EBITDA was $38.184 million against $36.039 million a year ago. Recurring funds from operations attributable to common stockholders was $24.431 million or $0.24 basic and diluted per share against $22.883 million or $0.23 basic and diluted per share a year ago. The increases in FFO and recurring FFO per share were primarily due to gains in consolidated same-store NOI, which rose 5.7% for the quarter and 6.5% year-to-date, higher equity and earnings of unconsolidated joint ventures and lower interest expense. For the six months, the company reported total revenues were $105.1 million against $105.9 million a year ago. Operating income was $16.9 million against $18.08 million a year ago. Income before income tax expense of taxable REIT subsidiaries, equity in earnings of unconsolidated joint ventures and discontinued operations was $5.76 million against $23.9 million a year ago. Income from continuing operations was $11.68 million against $27.52 million a year ago. Net income attributable to the company was $11.6 million against $28.07 million a year ago. Net income attributable to common stockholders was $3.66 million against $23.6 million a year ago. Basic and diluted earnings per share from continuing operations were $0.04 against $0.23 a year ago. Basic and diluted earnings per share were $0.04 against $0.24 a year ago. Funds from operations attributable to common stockholders were $52.45 million against $46.05 million a year ago. Basic and diluted funds from operations per share were $0.52 against $0.46 a year ago. EBITDA was $70.94 million against $72.59 million a year ago. Recurring EBITDA was $77.51 million against $72.72 million a year ago. Recurring funds from operations attributable to common stockholders was $49.669 million or $0.49 diluted per share against $22.883 million or $0.46 basic and diluted per share a year ago. The increases in recurring FFO per share were primarily due to higher net operating income from the consolidated same-store portfolio, increased equity in earnings of unconsolidated joint ventures and lower interest expense. During the quarter, there were no differences between its FFO and recurring FFO to note. For fiscal year 2015, the company continues to expect 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%.

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

Inland Real Estate Corporation announced that it has declared a cash distribution of $0.0475 per share on the outstanding shares of its common stock, payable on August 17, 2015, to common stockholders of record at the close of business on July 31, 2015.

 

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