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Last $7.27 USD
Change Today +0.02 / 0.28%
Volume 85.9K
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

trade street residential inc (TSRE) Snapshot

Open
$7.27
Previous Close
$7.25
Day High
$7.32
Day Low
$7.25
52 Week High
12/18/14 - $8.15
52 Week Low
10/14/14 - $6.39
Market Cap
267.6M
Average Volume 10 Days
95.4K
EPS TTM
$-0.12
Shares Outstanding
36.8M
EX-Date
03/27/15
P/E TM
--
Dividend
$0.38
Dividend Yield
5.23%
Current Stock Chart for TRADE STREET RESIDENTIAL INC (TSRE)

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trade street residential inc (TSRE) Details

Trade Street Residential, Inc., a real estate investment trust, engages in acquiring, owning, operating, and managing garden-style and mid-rise apartment communities in mid-sized cities and suburban submarkets of larger cities primarily in the southeastern United States. The company owns and operates apartment communities in Alabama, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, and Texas. Its properties include amenities, such as swimming pools, clubhouses, fitness facilities, and controlled-access gated entrances. The company is also seeking joint venture development and pre-sale opportunities. It has elected to be taxed as a real estate investment trust. As a result, the company would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Trade Street Residential, Inc. was founded in 1980 and is headquartered in Aventura, Florida.

140 Employees
Last Reported Date: 05/11/15
Founded in 1980

trade street residential inc (TSRE) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $632.2K
Principal Financial Officer and Chief Account...
Total Annual Compensation: $158.8K
Compensation as of Fiscal Year 2014.

trade street residential inc (TSRE) Key Developments

Trade Street Residential, Inc. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Trade Street Residential, Inc. announced consolidated earnings results for the first quarter ended March 31, 2015. Net loss attributable to common stockholders for the first quarter of 2015 was $0.4 million compared to a net loss of $15.2 million in the prior year period. The decrease in net loss was primarily the result of higher revenues and a reduction in expenses, which includes $9.0 million of management transition expenses in the prior year period. Funds from operations, or FFO, for the first quarter of 2015 was $3.5 million, or $0.09 per diluted share, as compared to a deficit of $11.4 million or $0.33 per diluted share in the prior year period. The increase in FFO is largely attributable to a full quarter of results from the six new operating properties added during the first four months of 2014 and the $9.0 million of management transition expenses incurred in the prior year period. Core FFO for the first quarter of 2015 was $3.7 million, or $0.10 per diluted share, as compared to $1.0 million, or $0.03 per diluted share, in the prior year period. Adjusted FFO, which additionally deducts recurring and non-recurring capital expenditures, for the first quarter of 2015 was $2.9 million, or $0.07 per diluted share, as compared to $0.7 million, or $0.02 per diluted share, in the prior year period. Same store NOI for the first quarter of 2015 increased 9.0% to $5.6 million as compared to $5.1 million in the prior year period. This improvement in same store NOI was driven by a 3.7% increase in same store revenue and a 2.7% decrease in same store property expenses compared to the prior year period. The increase in same store revenue was primarily attributable to a 70 basis point increase in average occupancy to 96.0%, and a 3.7% increase in average rent to $991 per month. The decrease in same store property operating expenses was primarily attributable to a decrease in advertising and marketing expenses due to stable occupancies within the portfolio and a reduction in insurance costs as a result of aggregating all properties under one common policy.

Trade Street Residential, Inc. to Report Q1, 2015 Results on May 11, 2015

Trade Street Residential, Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on May 11, 2015

Trade Street Residential, Inc., Q1 2015 Earnings Call, May 11, 2015

Trade Street Residential, Inc., Q1 2015 Earnings Call, May 11, 2015

 

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Valuation TSRE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.3x
Price/Book 1.4x
Price/Cash Flow 58.4x
TEV/Sales NM Not Meaningful
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