September 22, 2014 4:29 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of Dividend Capital Diversified Property Fund Inc.

Company Overview

Dividend Capital Total Realty Trust, Inc. invests in a portfolio of real properties and real estate securities. The company’s targeted investments include direct investments in real properties consisting of office, industrial, retail, multifamily, and other real properties, primarily located in North America, as well as investments in real estate related securities, including securities issued by other real estate companies, mortgage loans secured by income producing real estate, and other securities. Dividend Capital Total Realty Trust was founded in 2005 and is based in Denver, Colorado.

518 Seventeenth Street

17th Floor

Denver, CO 80202

United States

Founded in 2005

Key Executives for Dividend Capital Diversified Property Fund Inc.

Chief Financial Officer and Treasurer
Chief Operating Officer
Chairman of Dividend Capital Trust and Chief Investment Officer of Dividend Capital Trust
Age: 62
Executive Vice President
Chief Accounting Officer and Treasurer
Compensation as of Fiscal Year 2014.

Dividend Capital Diversified Property Fund Inc. Key Developments

Dividend Capital Diversified Property Fund Inc. Acquires Office Property in Denver

On August 22, 2014, Dividend Capital Diversified Property Fund Inc. acquired an office property in Denver, Colorado, comprising approximately 262,000 net rentable square feet in two adjacent buildings, from an unaffiliated third party, for a gross purchase price of approximately $75.0 million. At acquisition, 1st Avenue Plaza was 95% leased to approximately 50 tenants.

Dividend Capital Diversified Property Fund Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Dividend Capital Diversified Property Fund Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported Funds from Operations were $23.1 million, or $0.12 per basic and diluted share. This compares to Company-Defined FFO for the quarter ended June 30, 2013 of $24.8 million, or $0.13 per basic and diluted share. GAAP net income was $3.8 million, or $0.02 per basic and diluted share. This compares to GAAP net income for the quarter ended June 30, 2013 of $18.5 million, or $0.10 per basic and diluted share. Total revenue was $56,814,000 against $66,615,000 a year ago. Net income attributable to common stockholders was $3,486,000 against $17,128,000 a year ago. For the first six months ended June 30, 2014, FFO was $44.3 million, or $0.23 per basic and diluted share. This compares to Company-Defined FFO for the six months ended June 30, 2013 of $48.3 million, or $0.25 per basic and diluted share. GAAP net income was $35.8 million, or $0.17 per basic and diluted share. This compares to GAAP net income for the six months ended June 30, 2013 of $12.6 million, or $0.07 per basic and diluted share. Total revenue was $114,882,000 against $136,023,000 a year ago. Net income attributable to common stockholders was $30,925,000 against $11,763,000 a year ago.

Dividend Capital Diversified Property Fund Inc., Q2 2014 Earnings Call, Aug 13, 2014

Dividend Capital Diversified Property Fund Inc., Q2 2014 Earnings Call, Aug 13, 2014

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 26, 2014
262,000 Square Feet in Colorado
Merger/Acquisition
August 12, 2014
Shadelands Drive Asset in East Bay
Merger/Acquisition
May 30, 2014
Retail Property in Portsmouth
 

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