- Language: English
- 774 Pages
- Published: October 2012
- Region: Global
Summary: American Realty Capital Trust Inc. Dec 11
- Published: December 2011
- Region: United States
- Standard & Poors
Our rating on American Realty Capital Trust (ARCT) reflects an aggressive financial risk profile and weak business risk profile. ARCT recently closed its initial public offering period (which launched on Jan. 25, 2008) and has completed the bulk of its expected portfolio investment activity. Going forward, we expect the company to operate with moderate leverage and improved debt protection measures. We also anticipate slim dividend coverage as ARCT positions itself for further modest growth and/or a potential liquidity event for its shareholders. In our view, ARCT's financial flexibility is currently limited by a lack of access to the public equity market, and its liquidity could become constrained by the reinstatement of currently waived advisor fees, reduced dividend reinvestment, and increased...
Companies mentioned in this report are: American Realty Capital Trust Inc.
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American Realty Capital Trust Inc.