Escondido, CA (PRWEB) April 10, 2012
NetREIT, Inc. a real estate investment trust with its headquarters in California, released its annual operating results on March 28, 2012. As a self-administered company, NetREIT operates under the control of an independent board of directors with no outside advisors.
NetREIT was established as a contrarian investment firm that seeks out property acquisitions which are not considered mainstream or have unique features. NetREIT’s acquisition strategy is that these properties often possess concealed value because of the owner’s financial or emotional distress or their lack of interest in the property. By taking advantage of these unique components, NetREIT seeks to reap greater rewards in their real estate investment endeavors than traditional companies.
For the twelve months ending December 31, 2011 as compared to the same period in 2010, revenue increased 38.1% to $14.07 million in 2011 from $10.20 million in 2010; Rental Operating Costs increased 14.6% to $4.94 million versus $4.31 million in 2010; and Rental Operating Costs as a percentage of rental income decreased to 35.12% as compared to 42.30%, a year over year decrease of 7.18%.
NetREIT also reported as of December 31, 2011 as compared to December 31, 2010, General and Administrative Costs (G&A) increased 12.90% to $3.85 million versus $3.41 million; G&A as a percentage of income decreased to 27.32% versus 33.46%, a year over year decrease of 6.14%; Funds From Operations (FFO) increased to $2,377,895 from $422,223 in 2010; and Total Assets increased 21.57% to $161.65 million as compared to $133.32 million.
NetREIT declared a 5% stock dividend to all shareholders of record as of December 2, 2011! This was NetREIT’s 9th stock dividend since its inception. NetREIT has paid 51 consecutive quarterly cash dividends.
About NetREIT, Inc.
NetREIT, Inc. operates under the fundamental principle that no matter what the economic conditions are, real estate is always a good investment. According to company research, real estate has performed historically well when measured against the S&P, DJIA, and bonds. Real estate provides a strong potential hedge against inflation.
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U.S. Securities & Exchange Commission/NetREIT, Inc. or NetREIT or Netreit Dubose