DB:R9L1

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Executive Summary

Exantas Capital Corp., a real estate investment trust, primarily focuses on the origination, holding, and management of commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States.


Snowflake Analysis

Fair value with imperfect balance sheet.


Similar Companies

Share Price & News

How has Exantas Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: R9L1's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.9%

R9L1

1.0%

DE Mortgage REITs

-1.6%

DE Market


1 Year Return

-81.4%

R9L1

-37.0%

DE Mortgage REITs

8.3%

DE Market

Return vs Industry: R9L1 underperformed the German Mortgage REITs industry which returned -37.5% over the past year.

Return vs Market: R9L1 underperformed the German Market which returned 3.7% over the past year.


Shareholder returns

R9L1IndustryMarket
7 Day-7.9%1.0%-1.6%
30 Day-14.7%8.6%0.2%
90 Day-26.2%20.4%12.8%
1 Year-80.5%-81.4%-29.7%-37.0%10.7%8.3%
3 Year-77.1%-80.1%-20.3%-42.7%3.8%-4.5%
5 Year-76.8%-83.6%10.0%-36.8%9.6%-5.2%

Price Volatility Vs. Market

How volatile is Exantas Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Exantas Capital undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: R9L1 (€1.86) is trading below our estimate of fair value (€7.13)

Significantly Below Fair Value: R9L1 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: R9L1 is unprofitable, so we can't compare its PE Ratio to the XX Mortgage REITs industry average.

PE vs Market: R9L1 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate R9L1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: R9L1 is good value based on its PB Ratio (0.2x) compared to the XX Mortgage REITs industry average (0.7x).


Next Steps

Future Growth

How is Exantas Capital forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

86.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: R9L1 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: R9L1 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: R9L1 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: R9L1's revenue (0.9% per year) is forecast to grow slower than the German market (5.8% per year).

High Growth Revenue: R9L1's revenue (0.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if R9L1's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Exantas Capital performed over the past 5 years?

-11.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: R9L1 is currently unprofitable.

Growing Profit Margin: R9L1 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: R9L1 is unprofitable, and losses have increased over the past 5 years at a rate of 11.4% per year.

Accelerating Growth: Unable to compare R9L1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: R9L1 is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-61.1%).


Return on Equity

High ROE: R9L1 has a negative Return on Equity (-49.24%), as it is currently unprofitable.


Next Steps

Financial Health

How is Exantas Capital's financial position?


Financial Position Analysis

Short Term Liabilities: R9L1's short term assets ($2.0B) exceed its short term liabilities ($197.9M).

Long Term Liabilities: R9L1's short term assets ($2.0B) exceed its long term liabilities ($1.5B).


Debt to Equity History and Analysis

Debt Level: R9L1's debt to equity ratio (507.6%) is considered high.

Reducing Debt: R9L1's debt to equity ratio has increased from 203.8% to 507.6% over the past 5 years.

Debt Coverage: R9L1's debt is not well covered by operating cash flow (2.4%).

Interest Coverage: Insufficient data to determine if R9L1's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Exantas Capital current dividend yield, its reliability and sustainability?

4.22%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate R9L1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate R9L1's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if R9L1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if R9L1's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: R9L1 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of R9L1's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.6yrs

Average management tenure


CEO

Robert Lieber (66 yo)

3.92yrs

Tenure

US$150,610

Compensation

Mr. Robert Cross Lieber serves as Chief Executive Officer of Exantas Capital Manager Inc. Mr. Robert C. Lieber, also known as Bob, has been the Chief Executive Officer of Exantas Capital Corp.(also known a ...


Leadership Team

NamePositionTenureCompensationOwnership
Robert Lieber
Chief Executive Officer3.92yrsUS$150.61k0.30%
$ 179.2k
Matthew Stern
President3.25yrsUS$148.71k0.19%
$ 115.9k
David Bryant
Senior VP14.17yrsUS$760.85k0.33%
$ 199.1k
Thomas Elliott
Executive Vice President of Finance & Operations3.5yrsUS$449.43k0.39%
$ 235.6k
Eldron Blackwell
VP & Chief Accounting Officer6.42yrsUS$327.91k0.051%
$ 30.7k
Steven Landgraber
Senior Vice President of Corporate Finance & Investor Relations Officerno datano datano data
Michele Weisbaum
Chief Legal Officer3.92yrsno data0.082%
$ 49.2k
Alan Feldman
Senior Vice President of Real Estate Investments15.42yrsno datano data
David Bloom
Senior Vice President - Real Estate Investments15.42yrsUS$182.00kno data
Jeffrey Blomstrom
Senior Vice President15.42yrsno datano data
Kyle Geoghegan
Senior Vice President of Loan Originations13.58yrsno datano data
Darryl Myrose
Senior Vice President of Loan Originations13.58yrsno datano data

13.6yrs

Average Tenure

51yo

Average Age

Experienced Management: R9L1's management team is seasoned and experienced (13.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andrew Farkas
Chairman of the Board3.92yrsno data0.62%
$ 368.0k
Henry Silverman
Independent Director3.17yrsUS$123.07k0.084%
$ 50.3k
P. Neff
Independent Director15.42yrsUS$143.56k0.088%
$ 52.4k
Jeffrey Cohen
Director3.92yrsno data0.38%
$ 225.7k
Steven Kessler
Independent Director10.75yrsUS$126.80k0.18%
$ 106.1k
William Hart
Independent Director15.42yrsUS$113.12k0.33%
$ 195.8k
Murray Levin
Independent Director15.42yrsUS$108.12k0.10%
$ 60.3k
Gary Ickowicz
Independent Director13.5yrsUS$153.82k0.089%
$ 53.4k

12.1yrs

Average Tenure

72yo

Average Age

Experienced Board: R9L1's board of directors are seasoned and experienced ( 12.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Exantas Capital Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Exantas Capital Corp.
  • Ticker: R9L1
  • Exchange: DB
  • Founded: 2005
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Market Cap: US$70.670m
  • Listing Market Cap: US$59.738m
  • Shares outstanding: 31.69m
  • Website: https://www.exantas.com

Number of Employees


Location

  • Exantas Capital Corp.
  • 717 Fifth Avenue
  • New York
  • New York
  • 10022
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
XANNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 2006
R9L1DB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2006
XAN.PRCNYSE (New York Stock Exchange)8.625% CUM PFD CUSUSDJun 2014

Biography

Exantas Capital Corp., a real estate investment trust, primarily focuses on the origination, holding, and management of commercial real estate mortgage loans and other commercial real estate-related debt i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 21:07
End of Day Share Price2020/08/03 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.