ARCP reported adjusted funds from operations of 24 cents a share on revenue of $382 million, a year-over-year increase of 26% and 595.2%, respectively. Analysts had expected EPS of 23 cents on revenue of $311.76 million.
The stock was up 1.89% to $13.23 at 12:40 p.m. More than 12.4 million shares had changed hands, compared to the average volume of 9,704,970.
Separately, TheStreet Ratings team rates AMERICAN RLTY CAP PPTY INC as a "hold" with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate AMERICAN RLTY CAP PPTY INC (ARCP) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself."
You can view the full analysis from the report here: ARCP Ratings Report
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.