CapLease Earnings: Everything You Must Know Now

CapLease, Inc. (NYSE:LSE) delivered a profit and beat 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: Decreased 7.39% to $45.1 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 beat the mean analyst estimate of $0.13. It beat the average revenue estimate of $37.89 million.

Quoting Management: Paul McDowell, Chairman and Chief Executive Officer, stated, “The clear highlight for the second quarter is the announced merger transaction with American Realty Capital Properties, Inc. (“ARCP”). The transaction provides immediate, certain and compelling value for our common stockholders. The combination of CapLease’s primarily investment grade portfolio and team of experienced net lease experts with ARCP will create a stronger and more diversified company that will be well positioned to grow even further in the years ahead. As we move to complete this transaction, the CapLease team continues to be focused on pursuing acquisition opportunities in its deal pipeline.”

Key Stats (on next page)…

Revenue increased 4.04% from $43.35 million in the previous quarter. EPS increased 0% from $0.14 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.15 and has not changed. For the current year, the average estimate has moved down from a profit of $0.57 to a profit of $0.56 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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