Tag Archives: HIGHLIGHTS

Business, Finance, Occupation & Industry

Stratus Properties Inc. Reports Fourth-Quarter and Year Ended December 31, 2012 Results

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By Business Wirevia The Motley Fool

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Stratus Properties Inc. Reports Fourth-Quarter and Year Ended December 31, 2012 Results

AUSTIN, Texas–(BUSINESS WIRE)– Stratus Properties Inc. (NAS: STRS) :

HIGHLIGHTS

  • As of December 31, 2012, sales of 118 of the 159 condominium units at the W Austin Hotel & Residences project had closed for $126.7 million (an average of $1.1 million per unit), including nine units for $10.5 million (an average of $1.2 million per unit) in fourth-quarter 2012 and 40 units for $37.7 million (an average of $0.9 million per unit) for the year 2012, compared with nine units for $12.4 million (an average of $1.4 million per unit) in fourth-quarter 2011 and 78 units for $89.0 million (an average of $1.1 million per unit) for the year 2011. As of March 15, 2013, Stratus sold nine units in 2013 for $11.0 million and seven of the remaining units were under contract.
  • Lot sales totaled eight lots for $2.5 million in fourth-quarter 2012 and 24 lots for $8.0 million during 2012, compared with five lots for $0.7 million in fourth-quarter 2011 and 23 lots for $2.7 million during 2011. As of March 15, 2013, Stratus sold six lots in 2013 for $1.9 million and had 14 lots under contract. In addition, Stratus sold a 16 acre tract at Lantana for $2.1 million in March 2013.
  • Revenue per available room at the W Austin Hotel was $267 during fourth-quarter 2012 and $232 during the year 2012, compared with $194 during fourth-quarter 2011 and $184 during the year 2011.
  • ACL Live hosted 54 events during fourth-quarter 2012 and 193 events during the year 2012, compared with 40 events during fourth-quarter 2011 and 151 events during the year 2011.
  • Construction of the final two buildings at the Parkside Village project is expected to be completed in late 2013 and as of December 31, 2012, occupancy of the completed 77,641 square feet was 89 percent. Of the two remaining buildings under development, the 7,500-square-foot building is fully pre-leased, and leasing activities are ongoing for the 4,500-square-foot building.
  • Total Stratus debt was $137.0 million at December 31, 2012, compared with $158.5 million at December 31, 2011. Effective December 31, 2012, Stratus amended its Comerica credit facility, …read more
    Source: FULL ARTICLE at DailyFinance
Business, Finance, Occupation & Industry

OFS Capital Corporation Announces First Quarter 2013 Dividend and Financial Results for Year Ended D

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OFS Capital Corporation Announces First Quarter 2013 Dividend and Financial Results for Year Ended December 31, 2012

ROLLING MEADOWS, Ill.–(BUSINESS WIRE)– OFS Capital Corporation (NAS: OFS) (“OFS Capital” or the “Company”) today announced its first quarter 2013 dividend and its financial results for the year ended December 31, 2012.

The consolidated results for the year ended December 31, 2012 reflect the performance of the Company’s predecessor, OFS Capital, LLC, prior to the Company’s initial public offering (“IPO“), which was effective on November 7, 2012. Based on the Company’s qualification to be treated as a business development company (“BDC“) and related changes in accounting principles immediately following the completion of the IPO, the Company’s consolidated results for the year ended December 31, 2012 may not be indicative of the results reported in future periods. In accordance with applicable accounting standards, the Company has included in this press release consolidated results subsequent to its IPO from November 8, 2012 through December 31, 2012 (the “stub period”).

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Source: FULL ARTICLE at DailyFinance


HIGHLIGHTS

($ in millions)

  
 
Business, Finance, Occupation & Industry

Stellus Capital Investment Corporation Reports Results from Inception (May 18, 2012) through Decembe

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Stellus Capital Investment Corporation Reports Results from Inception (May 18, 2012) through December 31, 2012

Declares a dividend of $0.34 per share for the first quarter of 2013

HOUSTON–(BUSINESS WIRE)– Stellus Capital Investment Corporation (NYS: SCM) (“Stellus” or “the Company”) today announced financial results for the period from May 18, 2012 (“Inception”) through December 31, 2012. Additionally, on March 7, 2013, Stellus announced that its Board of Directors has declared a first quarter 2013 dividend of $0.34 per share payable on March 28, 2013 to shareholders of record as of March 21, 2013.

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Source: FULL ARTICLE at DailyFinance

   


HIGHLIGHTS

($ in millions, except data relating to per share amounts and number of portfolio companies)
Business, Finance, Occupation & Industry

MCG Capital Corporation Reports Fourth Quarter 2012 and Annual Results and Distribution of $0.125 Pe

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MCG Capital Corporation Reports Fourth Quarter 2012 and Annual Results and Distribution of $0.125 Per Share

ARLINGTON, Va.–(BUSINESS WIRE)– MCG Capital Corporation (NAS: MCGC) (“MCG,” “we,” “our,” “us” or the “Company”) announced today its financial results for the fourth quarter and year ended December 31, 2012. We will host an investment community call today, March 5, 2013, at 10:00 a.m. (Eastern Time). Slides and financial information to be reviewed during the investor conference call will be available on MCG‘s website at http://www.mcgcapital.com prior to the call.

HIGHLIGHTS

  • Net operating income, or NOI, was $5.1 million, or $0.07 per share, for the fourth quarter. NOI for the full year was $18.8 million, or $0.25 per share;
  • Net income was $6.4 million, or $0.09 per share, for the fourth quarter. Net income for the full year was $5.0 million, or $0.07 per share;
  • In the fourth quarter, we incurred transition costs of $2.1 million, or $0.03 per share, including $1.6 million, or $0.02 per share, included in operating expenses and $0.5 million, or $0.01 per share, of realized losses. For the year, we incurred transition costs of $9.3 million, or $0.13 per share, including $8.8 million, or $0.12 per share, included in operating expenses and $0.5 million, or $0.01 per share, of realized losses.
  • During the fourth quarter, we funded $113.9 million of advances and originations, including $79.2 million to five new portfolio companies. For the full year, we funded $162.0 million of advances and originations, including $115.3 million to eight new portfolio companies;
  • During the fourth quarter, we monetized $0.6 million of our equity investments and $80.3 million of our debt portfolio. For the full year, we monetized $65.0 million of our equity investments and $347.2 million of our debt portfolio;
  • At December 31, 2012, we had $121.1 million of cash on-hand to make new investments using unrestricted cash and restricted cash from our SBIC. In addition, we had $24.3 million in securitization accounts and other restricted cash accounts; and
  • Under our stock repurchase program, we repurchased and retired 1,062,160 shares of our common stock during the fourth quarter at a total cost of $4.8 million …read more
    Source: FULL ARTICLE at DailyFinance