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ARCT Ready to Harvest Acquisition Pipeline

NEW YORK CITY-After seeing strong increases in FFO and NOI in the first quarter, the publicly-traded REIT is planning to improve its balance sheet metrics by making new purchases in the triple net lease space throughout the rest of the year.

By Jacqueline Hlavenka | Updated on May 07, 2012

NEW YORK CITY-It has been a busy first quarter for publicly-traded REIT American Realty Capital Trust. After listing on the NASDAQ Capital Markets in March and filing an $87 million initial public offering earlier in the year, the company’s reinvention has led to a boost in revenues, net operating income and funds from operations—and the upward momentum is expect to continue.

 “Our first quarter was all about execution, as you can see from the concrete progress we have been able to achieve,” said William M. Kahane, CEO of ARCT, in a company filing. “Our focus, since listing the company on the NASDAQ and internalizing our management team, has been on reducing our cost of capital so as to improve our earnings. We believe, based on our current results, that we have accomplished this.”

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