Exhibit 99.1


CONTACTS
From: Anthony J. DeFazio
For: Brian S. Block, EVP & CFO
DeFazio Communications, LLC
American Realty Capital Trust
tony@defaziocommunications.com
bblock@arlcap.com
Ph: (484-532-7783)
Ph: (212-415-6500)

FOR IMMEDIATE RELEASE
 
American Realty Capital Trust Reports First Quarter 2011 Results

New York, NY, May 17, 2011 ˗
American Realty Capital Trust, Inc. (“ARCT” or the “REIT”) announced today its operating results for the quarter ended March 31, 2011.

“The first quarter of 2011 witnessed ARCT employing the same strategy and discipline in connection with the construction of its property portfolio.  We have purchased in this recent quarter $400 million of accretive real estate investments while paying distributions entirely supported by Modified Funds from Operations,” said Nicholas S. Schorsch, Chairman and Chief Executive Officer of the REIT.  “Our teams are executing their business strategies on all fronts.  Realty Capital Securities successfully raised gross proceeds of over $252 million for ARCT.  This allowed the REIT to purchase $400 million of properties, using prudent leverage, completely consistent with our acquisition strategy.  We have the wind at our backs in a very favorable buying and financing environment as we begin to strategize on liquidation alternatives.”

First Quarter 2011 and Subsequent Events Highlights
 
 
-
Acquired 60 properties for an aggregate purchase price of $392.8 million containing approximately 2.9 million square feet.  These 100% occupied, freestanding, single-tenant properties had net leases in place with a weighted average remaining lease term at quarter end of 13.9 years.

 
-
Generated Modified Funds from Operations (“MFFO”) of $11.1 million in the Q1 2011 based on the Investment Program Association’s recently published definition.  MFFO was greater than distributions paid during the same period, inclusive of distributions made in the form of shares issued under the Company’s distribution reinvestment program.  (See Non-GAAP tabular reconciliations and accompanying notes contained within this release for additional information.)

 
-
Announced April 8, 2011, on Form 8-K, our intention to interview investment banking firms and other advisory firms to provide our board of directors with recommendations involving strategic actions to maximize shareholder value, including the assessment of various liquidity alternatives, in connection with the pending close of the company’s initial public offering, July 25, 2011.

 
-
Announced April 25, 2011, on Form 8-K, two major best practices were adopted by ARCT:
 
 
(i)
Compensation to Advisor:  At the recommendation of ARCT's Advisor, the Board approved altering the Advisor’s compensation to benefit shareholders.  Restricted shares granted to the Advisor as long as ARCT is a non-traded REIT shall be capped such that: (i) total asset management fees paid over the life of the offering, plus (ii) the value of all shares of restricted stock to be granted under the terms of the Company’s Restricted Share Plan will not exceed the amount of the asset management fee contemplated under the current advisory agreement, i.e., 1% per annum of the contract purchase price of all properties acquired.  Therefore, restricted stock is, in effect, now currency for and not in addition to the existing asset management fee.

 
(ii)
Modification to Share Repurchase Program.  For as long as the Company remains a non-traded REIT, the Company will honor repurchase requests in connection with death or disability of a stockholder, subject to plan limitations.  Any changes to these policies will require a majority vote of the Company’s stockholders.
 
-More-

 
 
 

The following information was filed by American Realty Capital Trust, Inc. on Thursday, May 19, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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