Last $13.24 USD
Change Today +0.01 / 0.08%
Volume 13.6M
ARCP On Other Exchanges
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As of 4:30 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

american realty capital prop (ARCP) Snapshot

Open
$13.27
Previous Close
$13.23
Day High
$13.28
Day Low
$13.00
52 Week High
07/30/13 - $14.96
52 Week Low
06/11/14 - $11.76
Market Cap
12.0B
Average Volume 10 Days
11.8M
EPS TTM
$-0.83
Shares Outstanding
907.9M
EX-Date
08/6/14
P/E TM
--
Dividend
$1.00
Dividend Yield
7.29%
Current Stock Chart for AMERICAN REALTY CAPITAL PROP (ARCP)

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american realty capital prop (ARCP) Details

American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties. As of June 20, 2012, its portfolio consisted of 118 properties. American Realty Capital Properties, Inc. was founded in 2010 and is based in New York, New York.

12 Employees
Last Reported Date: 02/27/14
Founded in 2010

american realty capital prop (ARCP) Top Compensated Officers

President
Total Annual Compensation: $4.6M
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $818.2K
Compensation as of Fiscal Year 2013.

american realty capital prop (ARCP) Key Developments

American Realty Capital Properties, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year of 2014

American Realty Capital Properties, Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $381,981,000 against $54,945,000 for the same period in the last year. Operating income was $26,408,000 against operating loss of $31,394,000 for the same period in the last year. Net loss from continuing operations was $43,265,000 against $72,469,000 for the same period in the last year. Net loss attributable to stockholders was $63,419,000 or $0.08 per basic and diluted share against $72,191,000 or $0.36 per basic and diluted share for the same period in the last year. Adjusted net loss was $61,038,000 against $72,433,000 a year ago. FFO was $174,661,000 or $0.20 per fully diluted share against negative FFO of $38,622,000 a year ago. AFFO was $205,278,000 or $0.24 per share against $38,802,000 or $0.19 per share a year ago. For the six months, the company reported total revenues of $702,595,000 against $97,842,000 for the same period in the last year. Operating loss was $164,706,000 against $168,230,000 for the same period in the last year. Net loss from continuing operations was $363,920,000 against $214,062,000 for the same period in the last year. Net loss attributable to stockholders was $395,732,000 or $0.58 per basic and diluted share against $213,546,000 or $1.11 per basic and diluted share for the same period in the last year. Adjusted net loss was $399,336,000 against $214,028,000 a year ago. Negative FFO was $15,115,000 or $0.02 per fully diluted share against $153,478,000 a year ago. AFFO was $353,058,000 or $0.49 per share against $72,279,000 or $0.38 per share a year ago. Net debt as on June 30, 2014 was $9,330,484,000. Pro forma normalized estimated AFFO run rate estimated as of year-end 2014 of $1.18 to $1.20 per share including 2014 completed and announced transactions. This AFFO estimate does not include any balance sheet acquisitions in excess of $4.5 billion 2014 guidance, no dispositions, no rent growth or G&A synergies for 2015 and assumes results for Cole Capital consistent with the company's 2014 projection.

American Realty Capital Properties, Inc. Announces Board Changes

American Realty Capital Properties, Inc. announced that William M. Kahane and Edward M. Weil, Jr resigned from the Board to enhance corporate governance. Bruce Frank, a former senior partner in the Real Estate Group of Ernst & Young LLP, became an additional independent director on July 8, 2014 and David S. Kay will join the Board as a another new member, effective October 1, 2014, together enhancing strategic leadership.

American Realty Capital Properties, Inc. Acquires Approximately 500 Red Lobster Restaurant Properties

American Realty Capital Properties, Inc. announced on July 28, 2014 that it had acquired approximately 500 Red Lobster restaurant properties as part of an approximate $1.5 billion sale-leaseback transaction. The transaction was completed in conjunction with Golden Gate Capital's ("GGC") acquisition of Red Lobster from Darden Restaurants, Inc. Red Lobster is the leading operator of seafood restaurants, with high-quality real estate located at main intersections in strong markets. The transaction was completed at a cash cap rate of 7.9% and a GAAP cap rate of 9.9%. The fee-simple assets have a weighted average lease term of approximately 25 years and represent approximately 95% of the overall portfolio transaction value. The overall weighted average lease term of the portfolio is in excess of 24 years. The master leases include 2% annual compounded contractual rent escalations, providing built-in income growth.

 

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Price/Sales 14.0x
Price/Book 1.1x
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TEV/Sales 2.0x
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