Jernigan Capital reports Q4 adjusted EPS 69c, consensus 54c
Reports Q4 total investment income $2.16M, consensus $1.93M. "The fourth quarter was a transformational quarter for JCAP," commented Dean Jernigan, Chairman and Chief Executive Officer of Jernigan Capital. "We closed our first public follow-on capital raise since the Company's IPO, fulfilled our commitment to close on $123 million of development projects to the Company's Heitman joint venture ahead of schedule, and resumed on-balance sheet investing with the closing of two development property investments in the fourth quarter and eight additional development property investments since year-end. We also had two additional self-storage projects open for business. Moreover, we benefitted from significant fair value additions to our 2015 investments, further signaling the quality and success of our developers and the JCAP team in identifying and closing on high-return self-storage investments in key primary submarkets."