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





American Realty Capital Trust Reports Fourth Quarter and Year End 2011 Results



New York, NY, February 15, 2012 – American Realty Capital Trust, Inc., (“ARCT” or the “REIT”) announced today its operating results for the quarter and year ended December 31, 2011.


“The fourth quarter of 2011 evidenced the long-term earnings power of ARCT, as we completed the acquisition phase of the strategy we commenced just four years ago this month. Our team accretively invested the remaining proceeds from our offering by acquiring an additional $283 million of investment properties within our core discipline,” said Nicholas S. Schorsch, Chairman and Chief Executive Officer of the REIT. “We are doing exactly what we said we would do from the start. The team’s hard work and support from our valued broker-dealers, financial advisors and their investors have afforded us a tremendous opportunity to forever change the public non-listed industry,” added Mr. Schorsch. “The Company’s listing on The NASDAQ Global Select Market anticipated later this month clearly demonstrates our alignment with our shareholders’ interest as we position ARCT for a profitable exit.”


“Adjusted funds from operations, or AFFO, for the fourth quarter of 2011 were $25.5 million, an 11.3% increase over the prior quarter,” observed Brian S. Block, EVP and Chief Financial Officer of the Company. “On a pro forma basis, factoring in a full period impact of properties acquired mid-quarter, and subsequent to the significant savings to be realized from internalizing the management team, distributions will continue to be fully covered from cash flows provided by our real estate operations.”


Fourth Quarter 2011 and Subsequent Events Highlights


  - Acquired 77 properties for an aggregate purchase price of $282.9 million containing approximately 2.3 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 13.2 years.  Such properties were acquired at a weighted average capitalization rate of 8.3% (annualized rental income on a straight-line basis or annualized net operating income, as applicable, divided by base purchase price). 


  - Generated Adjusted Funds from Operations (“AFFO”) of $25.5 million in Q4 2011 based on the National Association of Real Estate Investment Trust’s definition of FFO, adjusted for one-time acquisition fees and related expenses, as well as certain non-cash items.  (See Non-GAAP tabular reconciliations and accompanying notes contained within this release for additional information.)


The following information was filed by American Realty Capital Trust, Inc. on Thursday, February 16, 2012 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate American Realty Capital Trust, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by American Realty Capital Trust, Inc..


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019) Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019) Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Get a Better Picture of a Company's Performance

Financial Ratios
Available Financial Ratios Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years


Log in with your credentials


Forgot your details?

Create Account