Jernigan Capital (JCAP) Misses Q4 EPS by 1c, Revenues Beat; Offers Q1 & FY20 EPS/Revenue Guidance Above Consensus
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Jernigan Capital Reports Fourth Quarter Results; Introduces 2020 Guidance
February 26, 2020 4:05 PM ESTMEMPHIS, Tenn.--(BUSINESS WIRE)-- Jernigan Capital, Inc. (NYSE: JCAP), an owner of self-storage facilities and a leading capital partner for self-storage entrepreneurs nationwide, today announced results for the quarter and year ended December 31, 2019.
Fourth Quarter Highlights include:
Earnings per share and adjusted earnings per share of $0.06 and $0.39, respectively. Executed a definitive asset purchase agreement with JCAP Advisors, LLC (the Advisor), the Companys external advisor, in which Jernigan Capital Operating Company, LLC (the Operating Company), would acquire the business assets and liabilities of the Advisor, thereby... More