QUOTE AND NEWS
Benzinga  Aug 12  Comment 
EXL (NASDAQ: EXLS), a leading business process solutions company, today announced that Health Alliance Plan (HAP) has implemented EXL Healthcare's CareRadius® and CareAffiliate® population health solutions. EXL Healthcare delivers strategic...
Benzinga  Jun 15  Comment 
http://www.sec.gov/Archives/edgar/data/895421/000089542115000304/exceltr... © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Economic Times  Apr 30  Comment 
However, the company expects a "robust demand outlook" for the year and raised its annual revenue growth forecast to 14.1-18 per cent.
Benzinga  Apr 14  Comment 
In a report published Tuesday, analysts at Raymond James downgraded Excel Trust Inc (NYSE: EXL) from Outperform to Market Perform. The price target has also been revised from $15 to NM. The downgrade follows the 14 percent rise in the company's...
TheStreet.com  Apr 13  Comment 
NEW YORK (TheStreet) -- Excel Trust shares are up 0.06% to $15.83 on heavy trading volume on Monday as the stock hovers around the per share purchase price that Blackstone Group agreed to pay for the real estate investment trust on...
Benzinga  Apr 10  Comment 
Excel Trust, Inc. (NYSE: EXL) shares climbed 14.31% to $15.82. The volume of Excel Trust shares traded was 6929% higher than normal. Excel Trust agreed to be acquired by Blackstone (NYSE: BX) for $15.85 per share. The Habit Restaurants, Inc....
Benzinga  Apr 10  Comment 
Quantum Corporation (NYSE: QTM) shares touched a new 52-week high of $1.84 after the company reported strong Q4 earnings. Excel Trust, Inc. (NYSE: EXL) shares climbed 14.31% to reach a new 52-week high of $15.82 after the company agreed to be...
Clusterstock  Apr 10  Comment 
It's not all about GE: Blackstone also made another huge real-estate deal on Friday. In a release, Excel Trust announced that it had agreed to be acquired by Blackstone Property Partners for about $2 billion in cash. Excel Trust is a real-estate...
Reuters  Apr 10  Comment 
Real estate investment trust Excel Trust Inc said it would be bought by Blackstone Property Partners LP, part of Blackstone Group LP , for about $2 billion in cash.
Benzinga  Apr 10  Comment 
Excel Trust, Inc. (NYSE: EXL) today announced that it has entered into a definitive agreement with Blackstone Property Partners L.P., under which Blackstone will acquire all outstanding shares of common stock of Excel Trust for $15.85 per share in...




 
TOP CONTRIBUTORS

Excel Trust (EXL) (NYSE:EXL) is a newly formed REIT, real estate investment trust, that is looking to invest in value-oriented retail properties. The properties are to be located in developed communities that have strong population and income growth. The company is in agreements to acquire 11 properties for $163.8 million. It is also negotiating 13 deals worth $550 million. [1]

The market for real estate is at a cyclically low point. The real estate capital markets have high cost of capital, and the economy is still recovering. Since the company is investing in retailers that sell consumer staples, these value-oriented retailers have performed on average better than the typical retailer. In addition, with the lack of liquidity in the capital markets, some landlords may need to sell off their distressed assets at attractive prices. Therefore, Excel Trust looks to find attractive distressed assets. [1]

The company's initial public offering of stock filed on the NYSE exchange and went public on 22 April 2010. The stock was offered at $14.00, below the range $16.00-$18.00. The company will raise $210 million by offering 15 million shares. [1]

For FY2009 with year ended 31 December 2009, the company reported $5.0 million in total revenue, up 31.6% from $3.8 million in total revenue for FY2008. Furthermore, in FY2009 the company had a net income of $243,000, an increase from a net loss of $382,000 in FY2008. [1]

References

  1. 1.0 1.1 1.2 1.3 Excel Trust S-1/A
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