Daily NAV REIT Returns 3.2% to Shareholders in Q1
Daily NAV REIT Dividend Capital Diversified Property Fund Inc. (DPF) recently released its Q1 2015 financial results and announced an upcoming webinar to discuss its portfolio.
Highlights for the quarter include a 3.2 percent shareholder return (distributions and net change in NAV), over $500 million in acquisition and disposition activity, and the closing of $750 million in senior unsecured credit and term loan facilities.
As of March 31, 2015, DPF’s portfolio consisted of 58 properties in 21 geographic markets throughout the U.S. with an estimated fair value of approximately $2.2 billion. At that time, its properties were about 89.5 percent leased to approximately 475 tenants.
DPF’s real property portfolio consists of:
- 19 office properties in 14 geographic markets valued at $1.2 billion
- 33 retail properties in 7 geographic markets valued at $833.8 million
- 6 industrial properties in 3 geographic markets valued at $85.8 million
The daily NAV REIT signed 42 leases for about 298,000 square feet during the quarter, however, its same-store percentage leased was down from a December 31, 2015 figure of 91.8 percent to 89.5 percent on March 31, 2015.
DPF offers four shares classes which are listed as follows on the NASDAQ:
On May 20, 2015 at 4:15pm EST, DPF will host a webinar and conference call to discuss its portfolio and Q1 results.
To access the conference call, use the following:
- Dial-in Number: 877.742.5590
- Conference ID: 30884590
To access DPF’s filing with the full report, click here.