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American Realty Capital Properties Announces Balance Sheet and Cole Capital Transaction Activity For The Second Quarter 2014 and Sets Earnings...

July 26, 2014



American Realty Capital Properties Announces Balance Sheet and Cole Capital Transaction Activity For The Second Quarter 2014 and Sets Earnings Release Date

By a News Reporter-Staff News Editor at Investment Weekly News -- American Realty Capital Properties, Inc. (NASDAQ: ARCP) ("ARCP") announced preliminary transaction activity as of June 30, 2014. ARCP also announced that it will release its second quarter financial results on Tuesday, July 29, 2014 prior to market open and will host a conference call and webcast on that same day at 11:00 a.m. Eastern Time to discuss such financial results.

"These results are consistent and in-line with our stated strategy and forecast of self-originated acquisitions on a granular basis," stated David S. Kay, President of ARCP. "With our 2014 acquisitions closed and under contract for the balance sheet, we are only approximately $300 million away from meeting our $4.5 billion target. Based on the combined acquisition volume for our balance sheet and Cole Capital of approximately $6.1 billion for the first half of the year, we believe we can acquire an additional $3.0 billion in the second half of 2014 on behalf of the Cole Capital managed funds, thereby meeting our 2014 goals. We are actively managing our balance sheet by disposing non-core assets, refinancing near-term, high-cost maturities and continuing our strategy of match funding. Our team is very focused on the execution of our strategy and commitments laid out in our June 20(th) letter to stockholders."

ARCP Balance Sheet ($ in millions)

Keywords for this news article include: Investment Companies, American Realty Capital Properties Inc..

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Source: Investment Weekly News


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