Boston, MA 10/03/2013 (wallstreetpr) – Cole Real Estate Investments, Inc. (NYSE: COLE) announced on September 25 that in a matter of few months since its initial public offering, it has been chosen to participate in the “S&P Global Property Index, the S&P Global REIT Index, and the Dow Jones U.S. Real Estate Index”. With the inclusion into these three indexes, COLE is now listed on a total of 8 real estate related indexes.
Cole Real Estate Investments is a leading REIT that is into managing real estate assets. It has been in operation since 1979. It manages and operates across the board real estate assets that cater to demands of retail space, office buildings and industrial complexes. The firm has total assets of $7.9 billion. It manages close to 1,014 individual assets spread across 48 states.
The company has a market cap of $6.04 billion with 487 million shares outstanding. It had registered annual sales of $701 million with income of close to $96 million in the trailing 12 months period. It has paid out dividend of $0.72 per share during over the past 12 months realizing a 5.82% dividend yield. It had a stupendous last quarter with respect to sales. It posted close to 90% increase in its sales volumes in comparison to previous quarter. It has managed to report a gross margin of 85% and Operating margin of 44% over the past 12 months trailing period thanks to its blow out sales volumes. Thus its profit margin has gone up by 30% over the same period. Thanks to the strong growth prospects and the high dividend payout nature of this company, its shares have been in good demand. The stock has gone up by close to 2.15% last week and by close to 12% in the past 30 days. Year to date it has seen a appreciation of close to 15.3%.
