American Realty Capital Properties Inc (ARCP) is expecting $1.1 billion of acquisitions this year, and with the company’s merger with ARCT III, anticipates significant earnings growth of approximately 16%, says Nicholas S. Schorsch, Chairman and Chief Executive Officer of American Realty Capital Properties, Inc.
“We’ve recently announced in our earnings that we anticipate about $1.1 billion of acquisitions this year originated from our system. These would be granular-type acquisitions, properties from the tenants, from the developers, from the sale-leaseback strategies. These acquisitions already total more than $315 million through the beginning of May, toward our $1.1 billion annual projection,” Schorsch said.
FOR MORE INFORMATION ABOUT THIS INTERVIEW CLICK HERE.
ARCP recently finished a merger with ARCT III, which brought the company an additional $2 billion of assets, and the company is on track to increase its earnings in the next two years, Schorsch says.
“We’ve become a very large player in the space over the last 12 months, increasing our size, and we anticipate that $1.1 billion of additional acquisitions this year will bring us some significant earnings growth, as we put out in our earnings guidance, of about 16% between 2013 and 2014,” Schorsch said.
Access Midstream Partners LP (ACMP) Beats 2013 EBITDA Guidance; Anticipates Growth Through 2015
March 28, 2014
Parkway Properties Inc (PKY) Benefits from Office Rent Growth in the Sun Belt and Smart Acquisitions
June 19, 2013
General Electric Company (NYSE:GE) to Redeploy $100 Billion to Industrial Acquisitions and Shareholder Buybacks
September 19, 2016
Bottomline Technologies’ (EPAY) Payment Businesses and Recent Acquisitions Drive Growth in the Near and Long Term
November 20, 2013
TheStreet, Inc. (TST) Looks Toward Growth, Fresh Acquisitions and Launch of New Publishing Platform
December 20, 2013
