Real Estate Investment Trust Set to Report its Second Quarter Results - Exclusive Research on InfraREIT

Aug 03, 2015, 09:35 ET from

NEW YORK, August 3, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on InfraREIT Inc. (NYSE: HIFR). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL:

Highlights from our HIFR Report include:

  • InfraREIT to Report Q2 Earnings - InfraREIT Inc. announced its plans to release financial results for the second quarter 2015 on Friday, August 7, 2015, before the opening of trading on the NYSE.  Management will host a conference call and webcast on the same day, at 10:00 a.m. U.S. CT to discuss the Company's second quarter 2015 results and update its financial outlook.
  • Analysts' Expect a Growing EPS - According to WSJ estimates, the Company is expected to report earnings per share of $0.16, which has increased from a consensus EPS forecast of $0.12 a months ago. As per the available estimates, InfraREIT is expected to improve its earnings to $0.37 per share for the third quarter of 2015. In Q2 2014, the Company had reported a diluted normalized EPS of $0.09, according to data available on Google finance.
  • Strong First Quarter 2015 Results - Higher lease revenue led to strong first quarter results. Base rent contributed $29.4 million to the lease revenue for Q1 2015, compared to $24.8 million for the first quarter of 2014. The Company informed that the increase in base rent was driven by the addition of assets under lease during the year ended December 31, 2014.  Further, cash available for distribution before non-controlling interest (CAD) was $18.3 million, or $0.30 CAD per share, in the first quarter of 2015, compared to $12.7 million, or $0.28 CAD per share in the same period in 2014.
  • CAD and CAPEX Guidance - InfraREIT reaffirmed its previously provided guidance, in the Q1 2015 results.  CAD per share for the full year of 2015 is estimated at $1.07 per share.  The Company anticipates capital expenditures in the range of $745 million to $775 million for the period of 2015 through 2017.
  • Financial Outlook over the Long Term- The Company also expects the three-year cumulative annual growth rate of its CAD per share to be in the range of 10% to 15% through December 31, 2018.  Further, in relation to InfraREIT's consolidated debt profile, the Company targets debt as a percentage of total capitalization at or below 60% and AFFO to debt of at least 12%.

To find out how this influences our rating on InfraREIT Inc. read the full report in its entirety here:

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