Last $10.34 USD
Change Today +0.09 / 0.88%
Volume 580.0K
As of 6:40 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

inland real estate corp (IRC) Snapshot

Open
$10.20
Previous Close
$10.25
Day High
$10.35
Day Low
$10.20
52 Week High
11/26/13 - $11.08
52 Week Low
09/26/14 - $9.85
Market Cap
1.0B
Average Volume 10 Days
599.6K
EPS TTM
$0.27
Shares Outstanding
100.0M
EX-Date
10/29/14
P/E TM
37.8x
Dividend
$0.57
Dividend Yield
5.51%
Current Stock Chart for INLAND REAL ESTATE CORP (IRC)

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inland real estate corp (IRC) Details

Inland Real Estate Corporation, a real estate investment trust (REIT), engages in the ownership, operation, and development of shopping centers and single-tenant retail properties in the Midwest region of the United States. As of December 31, 2007, the company owned interests in 152 investment properties, comprising 70 neighborhood retail centers totaling approximately 4,397,000 gross leasable square feet; 20 community centers totaling approximately 3,007,000 gross leasable square feet; 28 power centers totaling approximately 4,622,000 gross leasable square feet; 1 lifestyle center totaling approximately 562,000 gross leasable square feet; and 33 single-user properties totaling approximately 2,139,000 gross leasable square feet. Inland Real Estate Corporation has elected to be taxed as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent it distributes at least 90% of its REIT taxable income to stockholders. The company was formed in 1994 and is based in Oak Brook, Illinois.

129 Employees
Last Reported Date: 02/28/14
Founded in 1994

inland real estate corp (IRC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $570.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $420.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $410.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $315.0K
Senior Vice President of Transactions
Total Annual Compensation: $305.0K
Compensation as of Fiscal Year 2013.

inland real estate corp (IRC) Key Developments

Inland Real Estate Corporation Declares November Cash Distribution to Common Stockholders, Payable on November 17, 2014

Inland Real Estate Corporation announced that it paid a cash distribution of $0.0475 per share on the outstanding shares of its common stock to common stockholders of record at the close of business on September 30, 2014. In addition, the Company has declared a cash distribution of $0.0475 per share on the outstanding shares of its common stock, payable on November 17, 2014, to common stockholders of record at the close of business on October 31, 2014.

Inland Real Estate Corp. and PGGM Announce Acquisition of Newport Pavilion Phase II in Cincinnati MSA

Inland Real Estate Corporation announced that its joint venture with PGGM has acquired Phase II of Newport Pavilion, a grocery-anchored power center located in Newport, Kentucky, within the Cincinnati metropolitan area, for $23.6 million in cash, subject to future earnout payments. Newport Pavilion Phase II comprises 115,000 square feet of retail space including ground leases, which is leased to Dick's Sporting Goods, TJ Maxx, Buffalo Wild Wings, Panera, Chipotle, T-Mobile, Sport Clips, and a variety of other retailers, restaurants and service providers. The IRC-PGGM joint venture earlier this year acquired Newport Pavilion Phase I, which includes 222,300 square feet of retail space including ground leases, and is anchored by Kroger Marketplace, Michaels, PetSmart and Ulta. The entire 337,300-square-foot power center is currently 96% leased, and shadow-anchored by a separately-owned 134,500-square-foot Target store.

Inland Real Estate Corporation Declares Cash Dividend on 8.125% Series A Cumulative Redeemable Preferred Stock, Payable on November 17, 2014

Inland Real Estate Corporation announced that the company has declared a cash dividend of $0.169271 per share on the outstanding shares of its 8.125% Series A Cumulative Redeemable Preferred Stock, payable on November 17, 2014, to holders of record of Series A Preferred Stock at the close of business on November 3, 2014.

 

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Industry Analysis

IRC

Industry Average

Valuation IRC Industry Range
Price/Earnings 70.0x
Price/Sales 4.9x
Price/Book 2.3x
Price/Cash Flow 9.5x
TEV/Sales NM Not Meaningful
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