Jernigan Capital, Inc. (NYSE:JCAP) Files An 8-K Results of Operations and Financial Condition
Item 2.02.
|
Results of Operations and Financial Condition. |
On March 1, 2017, the Company issued a press release announcing
its financial position as of December 31, 2016, results of
operations for the three month period and year ended December 31,
2016, and other related information. A copy of such press release
is furnished as Exhibit 99.1 to this Current Report on Form 8-K
and is incorporated herein by reference.
In accordance with General Instructions B.2 and B.6 of Form 8-K,
the information included in this Current Report on Form 8-K,
including Exhibit 99.1 hereto, shall not be deemed filed for
purposes of Section18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated
by reference into any filing made by the Company under the
Exchange Act or Securities Act of 1933, as amended, except as
shall be expressly set forth by specific reference in such a
filing.
| Item 7.01. | Regulation FD Disclosure |
The disclosure contained in Item2.02 is incorporated herein by
reference.
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits. |
| Exhibit No. | Description | |
| 99.1 | Press release dated March 1, 2017 |
About Jernigan Capital, Inc. (NYSE:JCAP)
Jernigan Capital, Inc. is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings. It generates cash flows from construction loans and operating property loans in the form of a fixed interest rate and origination fees. It originates various loans, such as bridge loans and credit lines. It has development property investments in Orlando, Atlanta, Tampa, Chicago and Miami. Its operating property loans are located in New Orleans, Newark, Nashville, Sacramento and Chicago. The Company conducts its investment activities through Jernigan Capital Operating Company, LLC. The Company is externally managed and advised by JCap Advisors, LLC. Jernigan Capital, Inc. (NYSE:JCAP) Recent Trading Information
Jernigan Capital, Inc. (NYSE:JCAP) closed its last trading session up +0.37 at 21.88 with 66,956 shares trading hands.
