Dividend Capital DPF Reports Q4 2014 Results

Dividend Capital Diversified Property Fund Inc. (DPF), a public reporting, daily NAV real estate investment trust (REIT), recently reported its 2014 fourth quarter results. DPF shares are listed on the NASDAQ (ZDPFEX, ZDPFAX, ZDPFWX, and ZDPFIX).

At the end of 2014, DPF’s portfolio owned interests in 68 properties in 24 geographic U.S. markets and carried an estimated value of about $2.5 billion. Its 11.9 million square feet are approximately 93.7% leased to 475 tenants.

The daily NAV REIT is actively managing its portfolio acquiring properties, disposing of assets, signing new leases, and securing new credit facilities.

During the quarter, the REIT completed two acquisitions and three dispositions, notably selling Park Place, a 177,000 square foot Class-A office building for $46.6 million and a portfolio of 12 single-tenant office and industrial assets for $399 million.

Be sure to read Daily NAV REIT Acquires Two and Sells One.

DPF signed 35 leases in Q4 for average growth in rents of 14.9 percent.

Funds from Operations (FFO) during the quarter were $23.9 million compared to $22.6 million for Q4 2013. FFO for 2014 was $92.1 million compared to $94.6 million for 2013.

For more information, visit DPF here.

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