BlackRock Real Asset Trust (BCF, Financial) filed Quarterly Report for the period ended 2012-07-28.
Blackrock Real Asset Trust has a market cap of $858.8 million; its shares were traded at around $11.08 . The dividend yield of Blackrock Real Asset Trust stocks is 7.7%.
Cost of sales increased $36.5 million, or 7.2%, during the three month period ended July 28, 2012 compared with the three month period ended July 30, 2011. The dollar increase in cost of sales was primarily related to sales from 20 net new stores that were opened since July 30, 2011 as well as our 2.9%, or $23.0 million, comparative store sales increase. Cost of sales as a percentage of net sales decreased to 62.9% during the three months ended July 28, 2012 compared with 63.9% during the three months ended July 30, 2011. The improvement in cost of sales as a percentage of net sales was a function of fewer markdowns taken and a lower shrink accrual rate during the three months ended July 28, 2012 compared with the three months ended July 30, 2011. Planned decreases in initial markup during the quarter, in order to be more aggressive in initial pricing, has accelerated our inventory turnover ratio thereby reducing our need to take markdowns.
Consolidated net sales increased $124.2 million, or 7.2%, to $1,846.6 million for the six months ended July 28, 2012 from $1,722.4 million for the six months ended July 30, 2011. This increase was primarily attributable to an increase in sales related to new stores, stores previously opened that are not included in our comparative store sales, and a 1.7%, or $28.8 million, increase in our comparative store sales. We believe the comparative store sales increase was due primarily to our ongoing initiatives as discussed in further detail below (refer to the sections below entitled Ongoing Initiatives for Fiscal 2012 and Six Month Period Ended July 28, 2012 compared with the Six Month Period Ended July 30, 2011 for further explanation).
We recorded a net loss of $35.2 million for the six month period ended July 28, 2012 compared with a net loss of $53.8 million for the six month period ended July 30, 2011. The improvement in our results during the six months ended July 28, 2012 compared with the six months ended July 30, 2011 was primarily attributable to an increase in gross margin dollars as a result of our 7.2% total sales increase and the impact of a $37.8 million loss on extinguishment of debt that occurred during the six months ended July 30, 2011 related to our debt refinancing transactions, compared to a loss on extinguishment of debt during the six months ended July 28, 2012 of only $3.4 million. These items are discussed in further detail below under the caption Six Month Period Ended July 28, 2012 compared with the Six Month Period Ended July 30, 2011.
We recorded a net loss of $35.2 million for the six month period ended July 28, 2012 compared with a net loss of $53.8 million for the six month period ended July 30, 2011. The improvement in our results during the six months ended July 28, 2012 compared with the six months ended July 30, 2011 was primarily attributable to an increase in gross margin dollars as a result of our 7.2% total sales increase and the impact of a $37.8 million loss on extinguishment of debt that occurred during the six months ended July 30, 2011 related to our debt refinancing transactions, compared to a loss on extinguishment of debt during the six months ended July 28, 2012 of only $3.4 million.
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Blackrock Real Asset Trust has a market cap of $858.8 million; its shares were traded at around $11.08 . The dividend yield of Blackrock Real Asset Trust stocks is 7.7%.
Highlight of Business Operations:
Consolidated net sales increased $70.9 million, or 8.9%, to $864.2 million for the three months ended July 28, 2012 from $793.3 million for the three months ended July 30, 2011. This increase was primarily attributable to a 2.9%, or $23.0 million, increase in our comparative store sales as well as an increase in sales related to new stores and stores previously opened that are not included in our comparative store sales. We believe the comparative store sales increase was due primarily to our ongoing initiatives as discussed in further detail below (refer to the sections below entitled Ongoing Initiatives for Fiscal 2012 and Three Month Period Ended July 28, 2012 compared with the Three Month Period Ended July 30, 2011 for further explanation).Cost of sales increased $36.5 million, or 7.2%, during the three month period ended July 28, 2012 compared with the three month period ended July 30, 2011. The dollar increase in cost of sales was primarily related to sales from 20 net new stores that were opened since July 30, 2011 as well as our 2.9%, or $23.0 million, comparative store sales increase. Cost of sales as a percentage of net sales decreased to 62.9% during the three months ended July 28, 2012 compared with 63.9% during the three months ended July 30, 2011. The improvement in cost of sales as a percentage of net sales was a function of fewer markdowns taken and a lower shrink accrual rate during the three months ended July 28, 2012 compared with the three months ended July 30, 2011. Planned decreases in initial markup during the quarter, in order to be more aggressive in initial pricing, has accelerated our inventory turnover ratio thereby reducing our need to take markdowns.
Consolidated net sales increased $124.2 million, or 7.2%, to $1,846.6 million for the six months ended July 28, 2012 from $1,722.4 million for the six months ended July 30, 2011. This increase was primarily attributable to an increase in sales related to new stores, stores previously opened that are not included in our comparative store sales, and a 1.7%, or $28.8 million, increase in our comparative store sales. We believe the comparative store sales increase was due primarily to our ongoing initiatives as discussed in further detail below (refer to the sections below entitled Ongoing Initiatives for Fiscal 2012 and Six Month Period Ended July 28, 2012 compared with the Six Month Period Ended July 30, 2011 for further explanation).
We recorded a net loss of $35.2 million for the six month period ended July 28, 2012 compared with a net loss of $53.8 million for the six month period ended July 30, 2011. The improvement in our results during the six months ended July 28, 2012 compared with the six months ended July 30, 2011 was primarily attributable to an increase in gross margin dollars as a result of our 7.2% total sales increase and the impact of a $37.8 million loss on extinguishment of debt that occurred during the six months ended July 30, 2011 related to our debt refinancing transactions, compared to a loss on extinguishment of debt during the six months ended July 28, 2012 of only $3.4 million. These items are discussed in further detail below under the caption Six Month Period Ended July 28, 2012 compared with the Six Month Period Ended July 30, 2011.
We recorded a net loss of $35.2 million for the six month period ended July 28, 2012 compared with a net loss of $53.8 million for the six month period ended July 30, 2011. The improvement in our results during the six months ended July 28, 2012 compared with the six months ended July 30, 2011 was primarily attributable to an increase in gross margin dollars as a result of our 7.2% total sales increase and the impact of a $37.8 million loss on extinguishment of debt that occurred during the six months ended July 30, 2011 related to our debt refinancing transactions, compared to a loss on extinguishment of debt during the six months ended July 28, 2012 of only $3.4 million.
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