American Realty (with Cole) ahead of pace for 2014 acquisitions

Revenue of $94.1M up 213% from a year ago, with AFFO up 153% to $55.8M. AFFO per share up 108% to $0.25.

The Cole acquisition is already paying off, with the combined ARCP and Cole teams expected to surpass the high end of the previously projected $2B-$3B of acquisitions targeted for 2014. More than $1B is anticipated to close in Q1 at an average cap rate of 8.3%. Private Capital Management business is on pace to raise $950M of capital during this period, faster than previous projections.

2014 AFFO guidance is reaffirmed at $1.13-$1.19 per share.

CC at 1 ET

ARCP +1.5%

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs