Key Developments: Excel Trust Inc (EXL)
15.15USD
21 May 2013
$0.00 (+0.00%)
$15.15
$15.19
$15.30
$15.06
141,599
188,312
$15.40
$10.90
Latest Key Developments (Source: Significant Developments)
Excel Trust Inc Declares Second Quarter Cash Dividend
Excel Trust Inc announced that the Board of Directors declared a second quarter cash dividend of $0.17 per common share payable on July 15, 2013 to shareholders of record as of June 28, 2013. Full Article
Excel Trust Inc Raises Low End Of Prior FY 2013 FFO Guidance To A Range In Line With Analysts' Estimates
Excel Trust Inc announced that for fiscal 2013, it expects AFFO per share to be between $0.82 and $0.88 and its FFO per share to be between $0.78 and $0.84. According to I/B/E/S Estimates, analysts were expecting the Company to report FFO of $0.83 for fiscal 2013. Full Article
Excel Trust Inc Raises FY 2013 FFO Guidance; Increases Dividend
Excel Trust Inc announced that for fiscal 2013, it expects AFFO per share to be between $0.80 and $0.88 and its FFO per share to be between $0.76 and $0.84. According to I/B/E/S Estimates, analysts were expecting the Company to report FFO of $0.84 for fiscal 2013. The Company also announced that declared a first quarter 2013 cash dividend of $0.17 per share compared to a cash dividend of $0.1625 per share for the previous quarter, to be paid on April 15, 2013 to shareholders of record as of March 29, 2013. The Board of Directors has also declared a dividend of $0.4375 per share on the Company's Series A Cumulative Convertible Perpetual Preferred Shares, and a dividend of $0.5078 on its Series B Cumulative Redeemable Preferred Shares. The dividend on Excel Trust`s outstanding Series A and Series B Preferred Shares will be payable on April 15, 2013 to the Series A and Series B Preferred shareholders of record as of March 29, 2013. Full Article
Excel Trust Inc Issues FY 2013 FFO Guidance In Line With Analysts' Estimates
Excel Trust Inc announced that for fiscal 2013, it expects its AFFO per share for fiscal year 2013 to be between $0.80 and $0.88 and its' FFO per share to be between $0.76 and $0.84. According to I/B/E/S Estimates, analysts were expecting the Company to report FFO of $0.88 for fiscal 2013. Full Article
Excel Trust Inc Declares Fourth Quarter 2012 Dividends
Excel Trust Inc announced that it has declared a fourth quarter 2012 cash dividend of $0.1625 per common share payable on January 15, 2013 to shareholders of record as of December 31, 2012. The Board of Directors has also declared a dividend of $0.4375 per share on the Company's Series A Cumulative Convertible Perpetual Preferred Shares, and a dividend of $0.5078 on its Series B Cumulative Redeemable Preferred Shares. The dividend on Excel Trust’s outstanding Series A and Series B Preferred Shares will be payable on January 15, 2013 to the Series A and Series B Preferred shareholders of record as of December 31, 2012. Full Article
Excel Trust Inc Announces Pricing Of Public Offering Of 8.5 Million Shares Of Common Stock
Excel Trust Inc announced the pricing of its public offering of 8.5 million shares of common stock at $12.00 per share. The offering is expected to close on or about October 30, 2012 and is subject to customary closing conditions. The Company has granted to the underwriters an option to purchase up to an additional 1.275 million shares within thirty days after the offering. All shares are being offered by the Company. The offering will generate net proceeds, after deducting underwriting discounts and estimated offering expenses, of approximately $98.5 million, or $113.1 million if the underwriters exercise their option to purchase additional shares in full. The Company intends to use the net proceeds from the offering to repay existing indebtedness under its unsecured revolving credit facility incurred in connection with the recent acquisition of five retail shopping centers and a 50% interest in a sixth retail property for approximately $262.8 million, and for other general corporate and working capital purposes. BofA Merrill Lynch, Morgan Stanley, and Raymond James are joint book-running managers for the offering. The co-managers of the offering are Barclays, KeyBanc Capital Markets, Mitsubishi UFJ Securities, PNC Capital Markets LLC, Sandler O’Neill + Partners, L.P., Stifel Nicolaus Weisel and UBS Investment Bank. Full Article
Excel Trust Inc Announces Public Follow−on Offering Of 8.5 Million Shares Of Common Stock
Excel Trust Inc announced that it is commencing an underwritten public offering of 8.5 million shares of common stock. The Company has granted to the underwriters an option to purchase up to an additional 1.275 million shares within thirty days after the offering. All shares are being offered by the Company. The Company intends to use the net proceeds from the offering to repay existing indebtedness under its unsecured revolving credit facility incurred in connection with the recent acquisition of five retail shopping centers and a 50% interest in a sixth retail property for approximately $262.8 million, and for other general corporate and working capital purposes. BofA Merrill Lynch, Morgan Stanley, and Raymond James are joint book-running managers for the offering. Full Article
Excel Trust Inc Declares Dividend; Reaffirms FY 2012 FFO Guidance
Excel Trust Inc announced that the Board of Directors declared a third quarter 2012 cash dividend of $0.1625 per common share payable on October 15, 2012 to shareholders of record as of September 28, 2012. The Company also announced that the Board of Directors has also declared a dividend of $0.4375 per share on the Company's Series A Cumulative Convertible Perpetual Preferred Shares, and a dividend of $0.5078 on its Series B Cumulative Redeemable Preferred Shares. The dividend on Excel Trust’s outstanding Series A and Series B Preferred Shares will be payable on October 15, 2012 to the Series A and Series B Preferred shareholders of record as of September 28, 2012. Excel Trust Inc announced that for fiscal 2012, it expects AFFO per share to be between $0.78 and $0.86 and its FFO per share is expected to be between $0.70 and $0.78. Full Article
Excel Trust Inc Raises FY 2012 FFO Guidance; Declares Dividend
Excel Trust Inc announced that for fiscal 2012, it expects AFFO per share to be between $0.78 and $0.86 and its FFO per share for fiscal year 2012 to be between $0.70 and $0.78. The Company also announced that the Board of Directors have declared a second quarter 2012 cash dividend of $0.1625 per common share payable on July 16, 2012 to shareholders of record as of June 30, 2012. The Board of Directors has also declared a dividend of $0.4375 per share on the Company's Series A Cumulative Convertible Perpetual Preferred Shares, and a dividend of $0.5078 on its Series B Cumulative Redeemable Preferred Shares. The dividend on Excel Trust`s outstanding Series A and Series B Preferred Shares will be payable on July 16, 2012 to the Series A and Series B Preferred shareholders of record as of June 30, 2012. Full Article
Excel Trust Inc Reaffirms FY 2012 FFO Guidance-Conference Call
Excel Trust Inc announced that for fiscal 2012, it previously stated guidance of AFFO between $0.78 and $0.86 per share and FFO guidance between $0.67 and $0.75 per share. Full Article
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