CapLease Earnings: Here’s Why Investors are Ambivalent Now

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CapLease, Inc. (NYSE:LSE) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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CapLease, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 6.67% to $0.14 in the quarter versus EPS of $0.15 in the year-earlier quarter.

Revenue: Rose 4.05% to $43.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: CapLease, Inc. reported adjusted EPS income of $0.14 per share. By that measure, the company missed the mean analyst estimate of $0.14. It beat the average revenue estimate of $36.77 million.

Quoting Management: Paul McDowell, Chairman and Chief Executive Officer, stated, “We have had a strong start to 2013, highlighted by solid FFO results, over $90 million of pending property acquisitions, continued growth in our market capitalization which now exceeds $600 million, and our third consecutive quarter of raising the common stock dividend. We have a large and growing pipeline of potential acquisitions and remain optimistic about the prospects for our business and our ability to grow the portfolio significantly for the year.”

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