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)…

Revenue increased 15.31% from $21.75 million in the previous quarter. EPS increased 11.11% from $0.18 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.2 and has not changed. For the current year, the average estimate is a profit of $0.75, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)