Excel Trust Earnings: Everything You Must Know Now

Excel Trust, Inc. (NYSE:EXL) 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.

Excel Trust, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 25% to $0.2 in the quarter versus EPS of $0.16 in the year-earlier quarter.

Revenue: Rose 51.27% to $25.08 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Excel Trust, Inc. reported adjusted EPS income of $0.2 per share. By that measure, the company missed the mean analyst estimate of $0.2. It beat the average revenue estimate of $24.37 million.

Quoting Management: “2012 was transformational for Excel Trust in several respects. By acquiring $440 million in quality properties, our asset base surpassed $1.1 billion and our portfolio now exceeds 5.5 million square feet,” commented Gary Sabin, Chairman and CEO. “We lowered our cost of debt by improving our credit facility and anticipate beginning discussions with the rating agencies in order to position the Company to access the unsecured debt markets. These are important milestones for the Company and we are well on our way to accomplishing the goals we set at the time of our IPO a little over two and half years ago.”

Key Stats (on next page)…