Business Context and Reporting Period
This Form 8-K is filed by Inland American Real Estate Trust, Inc. (the "Company") on January 25, 2012. The report addresses Item 8.01 Other Events, specifically detailing the tax characterization of distributions paid to stockholders for the fiscal year ended December 31, 2011.
Key Financial Metrics
Total Distributions (2011): Approximately $429 million.
Per Share Distribution (2011): $0.50000000.
Tax Allocation (2011):
- Ordinary Dividends: 37.83% of total distributions ($0.18913585 per share).
- Non-Dividend Distributions: 62.17% of total distributions ($0.31086415 per share).
- Capital Gains Dividends: 0% ($0.00 per share).
Recent Payment: The distribution with a record date of December 30, 2011, and payment date of January 12, 2012, is taxable in 2012 and is excluded from the 2011 tax allocation table.
Material Changes
The filing does not provide comparative financial data for the prior period to assess material changes in revenue, profit, or cash flow. The document focuses exclusively on the tax classification of the 2011 distributions.
Guidance, Outlook, and Risks
Management Commentary: The Company advises stockholders to consult with their tax advisors regarding the specific tax treatment of the 2011 distributions.
Risks and Contingencies: No specific risks or contingencies are detailed in this filing beyond the standard tax advisory notice.
Investor Verification Checklist
- Verify the total number of shares outstanding to reconcile the $429 million aggregate distribution with the $0.50 per share amount.
- Confirm the tax treatment of the December 30, 2011 distribution, which is taxable in 2012 rather than 2011.
- Review the Company's 10-K filing for the year ended December 31, 2011, for comprehensive revenue, profit, and debt metrics not included in this 8-K.