Sunday, April 5, 2015

Week in Review 14/15




Welcome and thanks for reading! In this review, I will gather together important and interesting news and events over the last week related to my portfolio holdings. In my week review, I put also together some interesting articles from other websites that caught my attention during the past week.

Dividends from My Portfolio Holdings:  

  • On March 31 I received a dividend of € 143.93 from NCC AB.
  • On March 31 I received a dividend of € 70.03 from Digital Realty Trust Inc.
  • On April 1 I received a dividend of € 45.37 from PepsiCo Inc.
  • On April 1 I received a dividend of € 21.59 from Baxter International Inc.
  • On April 1 I received a dividend of € 10.95 from Telus Corporation.
  • On April 2 I received a dividend of € 34.06 from The Coca-Cola Company.
  • On April 2 I received a dividend of € 290.55 from Orion Corporation.


Dividend income reported after the deduction of taxes. I have also updated my Monthly Dividend sheet.

News from My Portfolio Holdings:

American Realty Capital Properties Inc. Full-Year 2014 Financial Results, March 30, 2015 (More here)

Fourth Quarter Highlights as of December 31, 2014

  • Revenue of $418.8 million and net loss of $350.6 million, including impairments of $406.1 million
  • FFO per diluted share loss of $0.06 and AFFO per diluted share of $0.22
  • Acquired $21.0 million of real estate on the balance sheet in the fourth quarter with a cash cap rate of 7.3%
  • Sold 81 properties in the quarter for total net proceeds of approximately $1.9 billion, including the multi-tenant portfolio sale to a Blackstone-DDR joint venture for approximately $1.9 billion
  • Repaid $1.1 billion of debt in the fourth quarter, consisting of the net proceeds from the multi-tenant portfolio sale that were used to pay down the Company’s line of credit, net of borrowings
  • Raised $159.9 million of capital on behalf of the Cole Capital® managed REITs, including DRIP
  • Invested $942.8 million in 130 properties on behalf of the Cole Capital managed REITs
  • Entered into a settlement agreement with RCS Capital Corporation (“RCS Capital”) that resolved the dispute over the sale of Cole Capital, giving the Company consideration of $60.0 million to terminate the Equity Purchase Agreement and all related agreements and documents

Full-Year 2014 Highlights as of December 31, 2014

  • Revenue of $1.58 billion and net loss of $977.2 million, including impairments of $410.0 million and a $262.0 million loss on sale related to the disposition of the multi-tenant portfolio
  • FFO per diluted share of $0.18 and AFFO per diluted share of $0.90
  • Acquired $3.8 billion of real estate on the balance sheet in 2014 with a cash cap rate of 7.9%
  • Sold 111 properties for total net proceeds of approximately $2.1 billion
  • Raised $1.5 billion of capital on behalf of the Cole Capital managed REITs, including DRIP
  • Invested $3.3 billion in 577 properties on behalf of the managed REITs

Dividend

  • The Board, working with the new CEO and management, will establish a common stock dividend later in 2015, which is expected to be in line with net lease peers and paid on a quarterly basis.


Kinder Morgan Inc. March 31, 2015

  • Kinder Morgan and Keyera to Build New Crude Oil Storage Terminal in Edmonton (More here)


Fortum Corporation: April 2, 2015

  • Pekka Lundmark appointed Fortum's new President and CEO (More here)


Articles that caught my attention:




I wish all readers a nice next week.

3 comments:

  1. Great set of links - seems like I missed a few over the week. Thanks for putting the list together.

    Best wishes
    R2R

    ReplyDelete
  2. Thanks for putting the list together. Looks like I know what I'll be doing today at lunch :-)

    ReplyDelete