NorthStar Asset Management Group (NSAM)

[MCArmel1]

NorthStar Asset Management misses by $0.03, beats on revenue

Nov 6 2014, 09:03 ET | About: NorthStar Asset Managem... (NSAM) | By: Mohit Manghnani, SA News Editor

NorthStar Asset Management (NYSE:NSAM): Q3 EPS of $0.10 misses by $0.03.
Revenue of $83.99M (+849.0% Y/Y) beats by $8.1M.
Press Release

http://seekingalpha.com/news/2102485-northstar-asset-management-misses-by-0_03-beats-on-revenue?uprof=45#email_link


NorthStar Asset Management Group Announces Third Quarter 2014 Results
Thu November 6, 2014 8:00 AM|PR Newswire | About: NSAM

NEW YORK, Nov. 6, 2014 /PRNewswire/ --

Third Quarter 2014 Highlights
•Cash available for distribution ("CAD") of $0.19 per share.
•Third quarter 2014 cash dividend of $0.10 per common share.
•$1.9 billion of NorthStar Realty (NRF) equity committed to be issued.
•Raised $771 million of capital in the non-traded REIT business year-to-date, including $291 million in the third quarter and $112 million in October 2014.
•Subsequent to the third quarter 2014, $95.5 million of NSAM investments including: •Agreement to acquire a 47% interest in American Healthcare Investors, LLC, which co-sponsored Griffin-American Healthcare REIT II, Inc. for $57.5 million; and
•Term sheet to acquire a 45% interest in Island Hospitality Management for $38 million.

•Total assets of managed companies as of September 30, 2014 were approximately $19.4 billion, including investments that NorthStar Realty acquired or entered into an agreement to acquire subsequent to the third quarter 2014.

More...

http://seekingalpha.com/pr/11594445-northstar-asset-management-group-announces-third-quarter-2014-results