ASX:RNY

Stock Analysis Report

Executive Summary

The Responsible Entity of the Trust was changed to Huntley Management Limited ABN 52 089 240 513 AFSL 229754 (‘Huntley’) on 2 July 2018.

Snowflake

Fundamentals

Excellent balance sheet and overvalued.

Share Price & News

How has RNY Property Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

RNY

1.1%

AU REITs

2.5%

AU Market


1 Year Return

0%

RNY

21.0%

AU REITs

11.1%

AU Market


Shareholder returns

RNYIndustryMarket
7 Day0%1.1%2.5%
30 Day0%3.0%0.7%
90 Day0%-0.4%1.4%
1 Year0%0%27.1%21.0%17.5%11.1%
3 Year-96.2%-96.2%47.2%26.0%37.8%19.4%
5 Year-98.1%-98.1%104.5%59.0%51.7%17.6%

Price Volatility Vs. Market

How volatile is RNY Property Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is RNY Property Trust undervalued compared to its fair value and its price relative to the market?

0.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate RNY's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate RNY's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RNY is unprofitable, so we can't compare its PE Ratio to the REITs industry average.

PE vs Market: RNY is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate RNY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RNY is good value based on its PB Ratio (0.3x) compared to the AU REITs industry average (1.1x).


Next Steps

Future Growth

How is RNY Property Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.5%

Forecasted Real Estate industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if RNY's forecast earnings growth is above the savings rate (2.3%).

Earnings vs Market: Insufficient data to determine if RNY's earnings are forecast to grow faster than the Australian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if RNY's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if RNY's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has RNY Property Trust performed over the past 5 years?

-14.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: RNY is unprofitable, and losses have increased over the past 5 years at a rate of -14.3% per year.

Accelerating Growth: Unable to compare RNY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RNY is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-16.3%).


Return on Equity

High ROE: RNY has a negative Return on Equity (-10.02%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: RNY is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: RNY is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is RNY Property Trust's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable RNY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: RNY is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 85.8% per year.


Financial Institutions Analysis

Asset Level: RNY's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if RNY has a sufficient allowance for bad loans.

Low Risk Liabilities: RNY reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if RNY has an acceptable proportion of non-loan assets held.

Low Risk Deposits: RNY has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if RNY has an appropriate level of bad loans.


Next Steps

Dividend

What is RNY Property Trust's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.5%markettop25%5.6%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate RNY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate RNY's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if RNY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RNY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RNY is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RNY's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

What is the CEO of RNY Property Trust's salary, the management and board of directors tenure and is there insider trading?

13.8yrs

Average board tenure


CEO

Scott Rechler (50yo)

0yrs

Tenure

0

Mr. Scott H. Rechler serves as the Chief Executive Officer at Wyoming Acquisition GP LLC. Mr. Rechler serves as the Chief Executive Officer and Chairman of RXR Realty LLC and RNY Australia Management Limit ...


Board Age and Tenure

13.8yrs

Average Tenure

53yo

Average Age

Experienced Board: RNY's board of directors are seasoned and experienced ( 13.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellAU$11,774,44330 Jul 19
Deutsche Bank, Private Banking and Investment Banking Investments
EntityCompany
Shares36,973,038
Max PriceAU$0.32
BuyAU$8,833,20130 Jul 19
Deutsche Bank, Private Banking and Investment Banking Investments
EntityCompany
Shares26,767,276
Max PriceAU$0.33

Ownership Breakdown


Management Team

  • Mike Maturo (56yo)

    President

    • Tenure: 13.8yrs
  • Jason Barnett (49yo)

    General Counsel of RNY Australia Management Limited

    • Tenure: 14.1yrs
  • Scott Rechler (50yo)

    Chairman & CEO of RNY Australia Management Limited

    • Tenure: 0yrs
  • Francis Sheehan

    Company Secretary & Fund Manager of RNY Australia Management Limited

    • Tenure: 0yrs
  • Michael McMahon

    Fund Manager of New York - RNY Australia Management Limited

    • Tenure: 0yrs

Board Members

  • Mike Maturo (56yo)

    President

    • Tenure: 13.8yrs
  • Jason Barnett (49yo)

    General Counsel of RNY Australia Management Limited

    • Tenure: 14.1yrs
  • Scott Rechler (50yo)

    Chairman & CEO of RNY Australia Management Limited

    • Tenure: 0yrs
  • Philip Meagher

    Independent Director of RNY Australia Management Ltd.

    • Tenure: 13.8yrs
  • Merv Peacock (71yo)

    Independent Non Executive Director of RNY Australia Management Limited

    • Tenure: 13.8yrs

Company Information

RNY Property Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: RNY Property Trust
  • Ticker: RNY
  • Exchange: ASX
  • Founded:
  • Industry: Office REITs
  • Sector: Real Estate
  • Market Cap: AU$1.317m
  • Shares outstanding: 263.41m
  • Website: https://www.rnypt.com.au

Location

  • RNY Property Trust
  • Level 3
  • 37 Bligh Street
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RNYASX (Australian Securities Exchange)YesOrdinary UnitsAUAUDSep 2006
RNYCHIA (Chi-X Australia)YesOrdinary UnitsAUAUDSep 2006

Biography

The Responsible Entity of the Trust was changed to Huntley Management Limited ABN 52 089 240 513 AFSL 229754 (‘Huntley’) on 2 July 2018. Huntley’s registered office is at Suite 301, Level 3, 37 Bligh Stree ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/26 01:17
End of Day Share Price2019/03/28 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.