Key Developments: Associated Estates Realty Corp (AEC)
18.75USD
20 May 2013
$0.25 (+1.35%)
$18.50
$18.49
$18.81
$18.49
97,807
316,564
$18.81
$14.24
Latest Key Developments (Source: Significant Developments)
Associated Estates Realty Corp Reaffirms FY 2013 FFO Guidance
Associated Estates Realty Corp reaffirmed its fiscal 2013 FFO as adjusted guidance range of $1.29 to $1.33 per common share (diluted). According to I/B/E/S Estimates, analysts on an average are expecting the Company to report FFO per share of $1.32 for fiscal 2013. Full Article
Associated Estates Realty Corp Declares Common Share Dividend
Associated Estates Realty Corp announced that quarterly dividend of $0.19 per share has been declared on the Company's common shares, payable May 1, 2013 to shareholders of record on April 15, 2013. Full Article
Associated Estates Realty Corp Issues FY 2013 FFO Guidance Below Analysts' Estimates-Conference Call
Associated Estates Realty Corp announced that for fiscal 2013, it expects fund from operation (FFO) to be in the range of $1.29 to $1.33 per share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report FFO of $1.36 for fiscal 2013. Full Article
Associated Estates Realty Corp Raises Common Share Dividend
Associated Estates Realty Corp announced today that a quarterly dividend of $0.19 per share has been declared on the Company's common shares, payable February 1, 2013 to shareholders of record on January 15 , 2013. The dividend represents a 5.6% increase over the prior $0.18 per quarter dividend. Full Article
Associated Estates Realty Corp Raises FY 2012 FFO Guidance-Conference Call
Associated Estates Realty Corp announced that based on year-to-date performance, and the expectations for the balance of 2012, the Company has increased the midpoint of fiscal 2012 FFO as adjusted guidance to $1.25 per share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report FFO of $1.25 for fiscal 2012. Full Article
Associated Estates Realty Corp Declares Common Share Dividend
Associated Estates Realty Corp announced that a quarterly dividend of $0.18 per share has been declared on the Company's common shares, payable November 1, 2012 to shareholders of record on October 15, 2012. Full Article
Associated Estates Realty Corporation Lowers High End Of Prior FY 2012 FFO Guidance To A Range In Line With Analysts' Estimates
Associated Estates Realty Corporation updated fiscal 2012 funds from operations (FFO) to a range of $1.23 to $1.25 per common share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report FFO of $1.24 for fiscal 2012. Full Article
Associated Estates Realty Corporation Announces Closing Of Common Share Offering
Associated Estates Realty Corporation announced that it completed the sale of 6,325,000 of its common shares at a price of $14.40 per share, representing 5,500,000 of its common shares sold pursuant to its previously announced public offering and an additional 825,000 common shares pursuant to the underwriters' option to purchase additional common shares. The net proceeds were approximately $87.2 million after deducting underwriting discounts and commissions and offering expenses. All of the shares were offered by the Company and were issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission. The Company intends to use the net proceeds received from the offering to fund property acquisitions and development and for general corporate purposes. Pending application for the foregoing purposes, the Company intends to use the net proceeds to temporarily repay borrowings outstanding under its unsecured revolving credit facility. Wells Fargo Securities, Citigroup and BofA Merrill Lynch served as Joint Book-Running Managers for the offering. Jefferies and Raymond James served as Co-Lead Managers for the offering. Cantor Fitzgerald & Co., Sandler O'Neill + Partners, L.P., Janney Montgomery Scott, Keefe, Bruyette & Woods, RBS, Compass Point Research & Trading, LLC, Ladenburg Thalmann & Co. Inc. and Piper Jaffray served as Co-Managers for the offering. Full Article
Associated Estates Realty Corporation Announces Pricing Of Common Share Offering
Associated Estates Realty Corporation announced the pricing of a public offering of 5,500,000 of its common shares at a price of $14.40 per share, for net proceeds of approximately $75.8 million after the underwriting discount and estimated offering expenses (or approximately $87.2 million if the underwriters exercise their option to purchase additional shares in full). The Company has granted the underwriters a 30-day option to purchase up to an additional 825,000 of its common shares. All of the shares were offered by the Company and will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission. The offering is expected to close on June 27, 2012, subject to customary closing conditions. The Company intends to use the net proceeds received from the offering to fund property acquisitions and development and for general corporate purposes. Pending application for the foregoing purposes, the Company intends to use the net proceeds to temporarily repay borrowings outstanding under its unsecured revolving credit facility. Full Article
Associated Estates Realty Corporation Announces Proposed Offering Of Common Shares
Associated Estates Realty Corporation announced that it plans to sell 5,500,000 of its common shares in an underwritten public offering. The Company also plans to grant the underwriters a 30-day option to purchase up to an additional 825,000 of its common shares. All of the shares will be offered by the Company and will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission. The Company intends to use the net proceeds received from the offering to fund property acquisitions and development and for general corporate purposes. Pending application for the foregoing purposes, the Company intends to use the net proceeds to temporarily repay borrowings outstanding under its unsecured revolving credit facility. Full Article
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