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At A Glance

REIT Name: Steadfast fucome REIT

IPO Date: July 2010

Total Equity Raised: $745 million

Property Focus: Apartments

Total Properties: 65

Self-Managed: No

Advisor: Steadfast fucome Advisors, LLC

Share Redemption Plan: Suspended

Website: www.steadfastreits.com

Balance Sheet (as of 09/30/16) (in thousands except share data)

Total Assets $1,610,069

Total Liabilities $1,269,779

Shareholders' Equity $340,290

Shares Outstanding 76,392,605

Operating Data (01/01/16 through 09/30/16)

Total Revenues $163,301

Total Expenses $184,658

Net Income (Loss) $(21,357)

Net fucome (Loss) Per Share $(0.28)

Cash Provided by Operations $3 8,304

Dividends Declared $41,090

Dividends Per Share $0.536

Funds From Operations (FPO) $30,367

FPO Per Share $0.398

Summary

Began IPO in July 2010 and raised $745 million through the termination of this offering in December 2013. As of September 30, 2016, has acquired and owns 65 multifamily properties containing 16,709 apartment units for a total purchase price of approximately $1.64 billion. Overall average occupancy of these properties was 96.5 % as of September 30. Total borrowings were 76% of total assets at end of September. FPO per share for the third quarter was $0.103, down 39% from $0.169 for the same period last year. Dividends-to-FPO ratio for the third quarter was 175 % . MFPO per share for the third quarter was $0.153, down 14% from $0.178 for the same period last year. Dividends-to-MFFO ratio for the third quarter was 118%. Average monthly rents rose 2.8% during first nine months of 2016. Same-property NOi rose 1 % for third quarter compared to same period last year. Repurchased $3 million of common stock in first nine months of this year. Reported an estimated share value of $11.44, as of December 31, 2015. In November board of directors decided to postpone presenting a liquidation proposal to shareholders as it is not now in the best interest of the company's shareholders.


Data referenced from the Direct Investments Spectrum
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