Trade Street Residential (TSRE) Tops Q3 EPS by 1c; Will Review Options

Trade Street Residential (NASDAQ: TSRE) reported Q3 EPS of $0.09, $0.01 better than the analyst estimate of $0.08.

Strategic Alternatives Review

In response to several inquiries regarding potential strategic transactions, the Company's Board of Directors today announced a review of strategic alternatives to enhance stockholder value. Such review will include (among other alternatives): a sale, merger, acquisition or other form of business combination; sale or acquisition of assets; or a debt or equity recapitalization. The Company has not made a decision to pursue any specific strategic transaction or any other strategic alternative, and there is no set timetable for completion of this strategic review process. There can be no assurance that the exploration of strategic alternatives will result in the completion of any transaction or other alternative. The Board of Directors does not intend to disclose further developments regarding the evaluation of strategic alternatives until such time as the Board has determined the outcome of the process or otherwise has deemed that disclosure is appropriate.

The Company has retained J.P. Morgan Securities LLC as its financial advisor and Morrison & Foerster LLP as its legal advisors to assist the Board in its evaluation of strategic alternatives.

For earnings history and earnings-related data on Trade Street Residential (TSRE) click here.

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