CapLease, Inc. (NYSE:LSE) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
CapLease, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 6.67% to $0.14 in the quarter versus EPS of $0.15 in the year-earlier quarter.
Revenue: Rose 4.05% to $43.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: CapLease, Inc. reported adjusted EPS income of $0.14 per share. By that measure, the company missed the mean analyst estimate of $0.14. It beat the average revenue estimate of $36.77 million.
Quoting Management: Paul McDowell, Chairman and Chief Executive Officer, stated, “We have had a strong start to 2013, highlighted by solid FFO results, over $90 million of pending property acquisitions, continued growth in our market capitalization which now exceeds $600 million, and our third consecutive quarter of raising the common stock dividend. We have a large and growing pipeline of potential acquisitions and remain optimistic about the prospects for our business and our ability to grow the portfolio significantly for the year.”
Key Stats (on next page)…