Last $7.26 USD
Change Today +0.45 / 6.61%
Volume 127.1K
TSRE On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

trade street residential inc (TSRE) Snapshot

Open
$6.82
Previous Close
$6.81
Day High
$7.37
Day Low
$6.78
52 Week High
01/22/14 - $8.50
52 Week Low
12/17/13 - $4.97
Market Cap
266.6M
Average Volume 10 Days
42.5K
EPS TTM
$-1.07
Shares Outstanding
36.7M
EX-Date
09/26/14
P/E TM
--
Dividend
$0.38
Dividend Yield
4.79%
Current Stock Chart for TRADE STREET RESIDENTIAL INC (TSRE)

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trade street residential inc (TSRE) Details

Trade Street Residential, Inc., a real estate investment trust, engages in acquiring, owning, operating, and managing garden-style and mid-rise apartment communities in mid-sized cities and suburban submarkets of larger cities primarily in the southeastern United States. The company owns and operates apartment communities in Alabama, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, and Texas. Its properties include amenities, such as swimming pools, clubhouses, fitness facilities, and controlled-access gated entrances. The company is also seeking joint venture development and pre-sale opportunities. It has elected to be taxed as a real estate investment trust. As a result, the company would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Trade Street Residential, Inc. was founded in 1980 and is headquartered in Aventura, Florida.

150 Employees
Last Reported Date: 08/11/14
Founded in 1980

trade street residential inc (TSRE) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $59.9K
Interim Chief Operating Officer and Chief Inv...
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2013.

trade street residential inc (TSRE) Key Developments

Trade Street Residential Announces Dividend for the Third Quarter of 2014, Payable on October 15, 2014

Trade Street Residential, Inc. announced that its Board of Directors has declared a dividend of $0.095 per share on the Company's common stock for the third quarter of 2014. The third quarter dividend will be payable October 15, 2014 to stockholders of record on September 30, 2014.

Trade Street Residential, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Trade Street Residential, Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total property Revenue was $14,653,000 compared with $6,437,000 for the same period last year. Loss from continuing operations was $4,024,000 or $0.11 diluted per share compared with $4,748,000 or $0.55 diluted per share for the same period last year. Net loss attributable to common stockholders was $3,999,000 or $0.11 diluted per share compared with $4,034,000 or $0.51 diluted per share for the same period last year. Funds from operations attributable to common stockholders was $1,565,000 or $0.04 diluted per share compared with funds lost in operations attributable to common stockholders $1,080,000 or $0.13 diluted per share for the same period last year. The increase in FFO is largely the result of the addition of 10 new operating properties since the second quarter of 2013. For the six months, the company reported total property Revenue was $26,063,000 compared with $11,722,000 for the same period last year. Loss from continuing operations was $20,105,000 or $0.56 diluted per share compared with $8,936,000 or $0.16 diluted per share for the same period last year. Net loss attributable to common stockholders was $19,193,000 or $0.56 diluted per share compared with net income attributable to common stockholders $2,761,000 or $0.44 diluted per share for the same period last year. Funds lost operations attributable to common stockholders was $9,073,000 or $0.26 diluted per share compared with $2,723,000 or $0.43 diluted per share for the same period last year.

Trade Street Residential, Inc. to Report Q2, 2014 Results on Aug 11, 2014

Trade Street Residential, Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 11, 2014

 

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