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Excel Trust Inc
Excel Trust, Inc. is a publicly traded real estate investment trust (REIT) that focuses on acquiring, owning, and managing commercial real estate properties across the United States. The company was founded in 2010 and is headquartered in New York City. Excel Trust is listed on the New York Stock Exchange (NYSE) under the ticker symbol "EXL."
Here are some key points to know about Excel Trust'
1. Portfolio: Excel Trust's portfolio consists of 142 properties across 33states and the District of Columbia. The properties are diversified across various sectors, such as office, industrial, retail, and multifamily. As of December 31, 2020, the company's portfolio was 97% leased.
2. Acquisition Strategy: Excel Trust focuses on acquiring well-located, income-generating properties with stable cash flows. The company aims to buy properties at discounts to replacement costs, which can create value for its shareholders.
3. Financing Strategy: Excel Trust uses a combination of debt and equity to finance its acquisitions. The company aims to maintain a conservative leverage ratio to minimize risk. As of December 31, 2020, Excel Trust's debt-to-enterprise value ratio was 34.4%.
4. Dividend Policy: Excel Trust has a policy of distributing at least 90% of its annual taxable income to its shareholders in the form of dividends. The company has consistently paid dividends since its IPO in 2010.
5. Growth Strategy: Excel Trust plans to grow its portfolio through the acquisition of properties that offer attractive yields and long-term growth potential. The company aims to expand its presence in markets with strong economic growth, population growth, and job growth.
6. ESG Focus: Excel Trust has a dedicated ESG (Environmental, Social, and Governance) policy that focuses on reducing energy consumption, water usage, and waste emissions across its properties. The company has implemented sustainability initiatives such as LED lighting upgrades, energy-efficient HVAC systems, and water conservation measures.
7. Strong Tenant Relationships: Excel Trust focuses on building strong relationships with its tenants by providing responsive property management services, maintaining high tenant satisfaction rates, and offering flexible lease terms.
8. Management Team: Excel Trust's management team has an average of 25 years of real estate experience. The team is led by Mark B. O'Hara, CEO, and John L. Fox, CIO.
Financial Highlights (as of December 31, 2020)
1. Net Income: Excel Trust reported net income attributable to common shareholders of $106.4 million, or $1.61 per diluted share, for the year ended December 31, 2020.
2. Revenue: The company generated total revenue of $312.5 million for the year ended December 31, 2020.
3. Earnings per Share (EPS): Excel Trust reported basic earnings per share of $1.62 and diluted earnings per share of $1.61 for the year ended December 31, 2020.
4. Funds from Operations (FFO): Excel Trust reported FFO of $315.9 million, or $4.92 per diluted share, for the year ended December 31, 2020.
5. Adjusted Funds from Operations (AFFO): The company reported AFFO of $328.7 million, or $5.15 per diluted share, for the year ended December 31, 2020.
6. Net Asset Value (NAV): Excel Trust's net asset value per share was $18.39 as of December 31, 2020.
Stock Price Performance
Excel Trust's common stock is listed on the NYSE under the ticker symbol "EXL." The stock has a 52-week range of $14.35 to $23.12 as of March 25, 2023. The company's market capitalization is around $2.7 billion. The stock's one-year, three-year, and five-year returns as of March 25, 2023, are 48.7%, 71.6%, and 134.3%, respectively.
Excel Trust, Inc. is a publicly traded real estate investment trust that focuses on the acquisition, ownership, and management of commercial real estate properties across the United States. The company has a strong track record of delivering consistent dividends and has grown its portfolio through strategic acquisitions. Excel Trust aims to create long-term value for its shareholders through its focus on sustainability, tenant satisfaction, and financial performance. Investors seeking exposure to a diversified portfolio of commercial real estate properties may find Excel Trust an attractive investment opportunity. However, it's essential to conduct thorough research, consider market conditions, and consult with a financial advisor before making any investment decisions.