Spotlight on Earnings - American Realty Capital Properties

LONDON, August 4, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earnings notes on American Realty Capital Properties Inc. (NASDAQ: ARCP) as the company announced its second quarter 2014 earnings results on Tuesday, July 29, 2014. For the reported quarter, the diversified REIT's total revenues surged 595.2% Y-o-Y, while adjusted funds from operations (AFFO) per share grew 26% Y-o-Y. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview 

In its most recent earnings release, American Realty Capital Properties Inc. reported Property Level net operating income (NOI) of $305.2 million, up from $51.9 million in the prior year period. The New York-based company reported FFO for Q2 2014 of $0.20 per fully diluted share. During the quarter, the REIT refinanced debt of $282.2 million with an average maturity of 1.9 years and a weighted average interest rate of 3.5%. The company has also raised $161.0 million of capital on behalf of the managed REITs during the period. The free research on ARCP can be downloaded as in PDF format at:

http://www.Investor-Edge.com/ARCPFreeReport

David S. Kay, President of American Realty Capital Properties Inc., stated in the press release that the Company's second quarter results and accomplishments reflect its focus on attaining long-term value. He added that in six months, the company has reached $38.0 million of the $77.0 million of cost synergies for the first year. Mr. Kay further stated that American Realty Capital Properties Inc. has been able to trim down leverage, de-risk its balance sheet, lengthen debt maturities, create $11.8 billion of unencumbered assets and considerably extend and upsize the company's credit facility during these six months.

American Realty Capital Properties Inc.'s total revenue stood at $381.98 million, compared with $54.95 million in the second quarter of 2013. Adjusted funds from operations during the second quarter 2014 stood at $205.28 million, or $0.24 per fully diluted share, as compared to $38.80 million, or $0.19 per fully diluted share, in the comparable prior year period. Analysts at Bloomberg expected AFFO of $0.23 per share on total revenue of $313.13 million. For the full year 2014, the company expects pro forma normalized AFFO run rate of $1.18 to $1.20 per share (including 2014 completed and announced transactions). Visit Investor-Edge and access the latest research on ARCP at:

http://www.Investor-Edge.com/ARCPEarningsCoverage

On July 22, 2014, American Realty Capital Properties Inc. declared an annualized common stock dividend of $1.00 per share to be paid monthly to holders of common stock of record at the close of business on the 8th day of each month, payable on the 15th day of such month. Accordingly, the company will pay dividend of $0.083 per share on August 15, 2014, to holders of common stock of record at the close of business on August 8, 2014.

Stock Performance  

On Tuesday, July 29, 2014, American Realty Capital Properties Inc.'s shares gained 1.93% to close the session at $13.23. On the last close, Friday, August 01, 2014, American Realty Capital Properties Inc.'s shares advanced 0.69% to end the day at $13.20, after vacillating between $13.05 and $13.24. A total of 9.88 million shares were traded, which was below its three months average volume of 15.52 million shares. The company's shares have fallen by 0.23% in the previous three trading sessions, while the stock has advanced 6.28% in the last one month and 2.72% on YTD basis. The company's shares are trading above their 50-day moving average of $12.56, while the 50-day moving average is below the 200-day moving average of $13.22. Additionally, the stock has an RSI of 63.58.

Sneak Peek to Corporate Insider Trading  

In the last one month, two insiders have bought 11,420 shares of American Realty Capital Properties Inc. worth $127,298. On July 11, 2014, Director, William G. Stanley bought 10,000 shares worth $126,588 at an average price of $12.66 a share. Chairman and CEO, Nicholas S. Schorsch, has bought a total of 1,420 shares between June 27, 2014 and July 10, 2014. Complimentary in-depth research on ARCP is available at:

http://www.Investor-Edge.com/ARCPInsiderTrading

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