excel trust inc (EXL:New York)
excel trust inc (EXL) Key Developments
Excel Trust, Inc. reported consolidated earnings results for the first quarter ended March 31, 2013. Funds from operations were $10.3 million or $0.22 per diluted share compared to FFO of $6.5 million or $0.19 per diluted share a year ago. Adjusted funds from operations were $10.0 million, or $0.21 per diluted share compared to AFFO of $6.4 million, or $0.19 per diluted share a year ago. Net loss attributable to the common stockholders was $2.4 million, or $0.06 per diluted share compared to net loss attributable to the common stockholders of $1.7 million, or $0.06 per diluted share in the three-month period ended March 31, 2012. Total revenues were $27.53 million compared to $19.78 million a year ago. Net operating income was $4.80 million compared to $3.59 million a year ago. EBITDA was $17.48 million compared to $12.39 million a year ago. The company provided earnings guidance for the fiscal year 2013. The company expects AFFO per share for fiscal year 2013 to be between $0.82 and $0.88 and FFO per share to be between $0.78 and $0.84, which excludes transaction costs, leasing commissions and tenant improvement allowances.
The Board of Directors of Excel Trust, Inc. declared a second quarter cash dividend of $0.17 per common share payable on July 15, 2013 to shareholders of record as of June 28, 2013. The Board of Directors has also declared a dividend of $0.4375 per share on the Company's Series A Cumulative Convertible Perpetual Preferred Shares, and a dividend of $0.5078 on its Series B Cumulative Redeemable Preferred Shares. The dividend on Excel Trust's outstanding Series A and Series B Preferred Shares will be payable on July 15, 2013 to the Series A and Series B Preferred shareholders of record as of June 28, 2013.
Excel Trust, Inc. announced that they will report Q1, 2013 results After-Market on May 01, 2013
Excel Trust, Inc., Q1 2013 Earnings Call, May 02, 2013
Excel Trust, Inc., Annual General Meeting, May 07, 2013., at 10:00 Pacific Standard Time. Location: Excel Centre, 17140 Bernardo Center Drive. Agenda: To elect seven directors to serve until the next annual meeting of stockholders and until their successors are duly elected and qualify; to consider and vote upon the ratification of the selection of Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2013; to consider and vote upon, on an advisory basis, the compensation of executive officers as disclosed in this proxy statement pursuant to the compensation disclosure rules of the Securities and Exchange Commission; and to transact such other business as may be properly brought before the annual meeting or any adjournment or postponement thereof.
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| EXL:US | $14.52 USD | -0.165 | |
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EXL
Industry Average
| Valuation | EXL | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 7.0x |
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| Price/Book | 1.5x |
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| Price/Cash Flow | 16.8x |
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| TEV/Sales | 1.3x |
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