MEMPHIS, Tennessee--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) announced today the completion of its previously announced acquisition by affiliates of NexPoint Advisors, L.P. (“NexPoint”), in an all-cash transaction valued at approximately $900 million, including debt and preferred stock to be assumed or refinanced. Pursuant to the transaction, holders of Jernigan’s common stock and holders of units of operating company interests in Jernigan Capital Operating Company, LLC are entitled
NEW YORK--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) (“Jernigan” or the “Company”) announced that its shareholders approved the acquisition of Jernigan by affiliates of NexPoint Advisors, L.P. (“NexPoint”) at its special meeting of stockholders held earlier today. Shares representing approximately 77.67% of the Company outstanding stock voted at the special meeting, with approximately 97.65% of such shares voting FOR approval of the merger. As announced previously, on August 3, 2020 J
Jernigan Capital (NYSE:JCAP) and Hunt Companies Finance Trust (NYSE:HCFT) are both small-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, dividends, institutional ownership, earnings, analyst recommendations, valuation and risk. Volatility and Risk Jernigan Capital has a beta of 1.15, meaning that its […]
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE:JCAP) (the “Company”) announced today that its Board of Directors declared a cash dividend on the Series B Preferred Stock in the amount of $0.4375 per share for the quarter ending September 30, 2020. The dividend is payable on October 15, 2020 to holders of Series B Preferred Stock of record on October 1, 2020. The quarterly distribution represents an annualized dividend rate of $1.75 per share. About Jernigan Capital, Inc. Jernigan
MEMPHIS, 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 ended June 30, 2020. Second Quarter Highlights include: Reported $(0.24) loss per share and adjusted earnings per share of $0.04 Increased the number of wholly owned self-storage facilities on its balance sheet or in its SL1 Joint Venture from 29 to 37 through developer buyouts o
NEW YORK, Aug. 3, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Jernigan Capital, Inc. (NYSE: JCAP) to an affiliate of NexPoint Advisors, L.P. ("NexPoint") is fair to Jernigan Capital shareholders. On behalf of Jernigan…
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE:JCAP) (the “Company”) announced today it will release financial results for the three month and six month periods ended June 30, 2020 on Thursday, August 6, 2020 after the market close. The Company will host a webcast and conference call for investors and other interested parties at 10:00 a.m. ET on Friday, August 7, 2020. The webcast may be accessed live by visiting the Company’s investor relations website at investors.jernigancapit
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE:JCAP) (the “Company”) announced today that its Board of Directors declared a cash dividend of $0.23 per share of common stock for the quarter ending June 30, 2020. The dividend is payable on July 15, 2020 to stockholders of record on July 1, 2020. The quarterly distribution represents an annualized dividend rate of $0.92 per share. The Company’s Board of Directors also declared a cash dividend on the Series B Preferred Stock in the a
Jernigan Capital (JCAP) delivered earnings and revenue surprises of -333.33% and -0.33%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
MEMPHIS, 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 ended March 31, 2020. First Quarter Highlights include: $(2.53) loss per share, including $(0.46) related to change in fair value of investments and $(1.84) related to internalization expenses, goodwill impairment and the final payment of management fees to JCAP Advisors LLC for
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) announced today that, due to the ongoing COVID-19 pandemic and in order to continue to abide by social distancing orders issued by the City of Memphis and otherwise to protect the health and safety of employees, stockholders and the greater community, its 2020 Annual Meeting of Stockholders (the “Annual Meeting”) will change to an audio, virtual-only format. The date and time of the Annual Meeting will not change and will take
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE:JCAP) (the “Company”) announced today it will release financial results for the three month period ended March 31, 2020 on Thursday, May 7, 2020 after the market close. The Company will host a webcast and conference call for investors and other interested parties at 12:00 p.m. ET on Friday, May 8, 2020. The webcast may be accessed live by visiting the Company’s investor relations website at investors.jernigancapital.com. The conferen
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) (the “Company”) announced that on March 26, 2020, it entered into an amended and restated senior secured revolving credit facility of up to $375 million with a syndicate of banks led by KeyBank National Association and BMO Harris Bank N.A. The $375 million credit facility, which has an accordion feature permitting expansion up to $750 million, subject to certain conditions including obtaining additional commitments from lender
MEMPHIS, 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 Company’s external advisor, in whi
MEMPHIS, Tenn--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE:JCAP) (the “Company”) announced today that its Board of Directors declared a cash dividend of $0.23 per share of common stock for the quarter ending March 31, 2020. The dividend is payable on April 15, 2020 to stockholders of record on April 1, 2020. The quarterly distribution represents an annualized dividend rate of $0.92 per share. The Company’s Board of Directors also declared a cash dividend on the Series B Preferred Stock in the
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) (the “Company”) announced that at the special meeting of stockholders held earlier today, the Company’s stockholders approved the previously announced internalization transaction (the “Internalization”). Shares representing approximately 76% of the Company outstanding stock voted at the special meeting, with approximately 99% of such shares voting FOR approval of the Internalization transaction. The Internalization transaction
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) (the “Company”) announced today that it has acquired the membership interests of its developer partners in two development investments on its balance sheet, including Boston 2 and Fort Lauderdale. These properties are both Generation V, multi-story facilities with a combined 157,150 net rentable square feet. The current weighted average physical occupancy of the facilities is 45.7%. Both of the properties are branded and manag
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) (the “Company”) announced today that it has acquired the membership interests of its developer partners in six development investments on its balance sheet, including Atlanta 5, Atlanta 6, Atlanta 7, Charlotte 2, Knoxville, and Louisville 1. Additionally, in November, the SL1 Venture in which the Company has a 10% interest, purchased the membership units of the LLC that owned the Raleigh development. These seven properties are
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE:JCAP) (the “Company”) announced today it will release financial results for the three and twelve month periods ended December 31, 2019 on Wednesday, February 26, 2020 after the market close. The Company will host a webcast and conference call for investors and other interested parties at 11:00 a.m. ET on Thursday, February 27, 2020. The webcast may be accessed live by visiting the Company’s investor relations website at investors.jer
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (the “Company”) (NYSE: JCAP) announced today the taxable composition of its 2019 distributions paid to shareholders on its common stock and Series B preferred stock. The amount of distribution referred to as return of capital is considered by US tax law to be a return of invested capital and is not currently taxable to the extent of shareholder basis. Shareholders are advised to consult with their tax advisors with respect to the individua
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (the “Company”) (NYSE: JCAP) today announced that it has executed a definitive asset purchase agreement with JCAP Advisors, LLC (“the Advisor”), the Company’s external advisor, in which Jernigan Capital Operating Company, LLC (the “Operating Company”), will acquire the business assets and liabilities of the Advisor, thereby internalizing the Advisor (the "Internalization" or the "Transaction"). Consideration to the Advisor will consist exc
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) (the “Company”) announced today that it will be added to the MSCI US REIT Index (RMZ), effective as of the close of November 26, 2019. The MSCI US REIT Index is a free float-adjusted market capitalization weighted index that is comprised of equity Real Estate Investment Trusts (REITs). The index is based on the MSCI USA Investable Market Index (IMI), its parent index, which captures the large, mid and small cap segments of the
Jernigan Capital, Inc. (NYSE:JCAP) (the “Company”) announced today that its Board of Directors declared a cash dividend of $0.35 per share of common s
Jernigan Capital (JCAP) delivered earnings and revenue surprises of 24.32% and 10.19%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
MEMPHIS, 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 ended September 30, 2019. Third Quarter Highlights include: Earnings per share and adjusted earnings per share of $0.26 and $0.46, respectively, both above the high end of guidance ranges provided with the Company’s second quarter 2019 earnings release; Tightened full year 2019 e
Jernigan Capital (JCAP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Jernigan Capital (JCAP) delivered earnings and revenue surprises of 66.67% and 4.32%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
JCAP earnings call for the period ending March 31, 2019.
Jernigan Capital (JCAP) delivered earnings and revenue surprises of 62.50% and 7.05%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Jernigan Capital (JCAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.