NEW YORK CITY-It has been a busy first quarter for publicly-traded REIT American Realty Capital Trust. After listing on the NASDAQ Capital Markets in March and filing an $87 million initial public offering earlier in the year, the company’s reinvention has led to a boost in revenues, net operating income and funds from operations—and the upward momentum is expect to continue.

 “Our first quarter was all about execution, as you can see from the concrete progress we have been able to achieve,” said William M. Kahane, CEO of ARCT, in a company filing. “Our focus, since listing the company on the NASDAQ and internalizing our management team, has been on reducing our cost of capital so as to improve our earnings. We believe, based on our current results, that we have accomplished this.”

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