DB:R9L1

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Fair value with moderate growth potential.


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


Market Performance


7 Day Return

-0.5%

DB:R9L1

0%

DE Mortgage REITs

-0.7%

DE Market


1 Year Return

13.5%

DB:R9L1

0%

DE Mortgage REITs

-7.6%

DE Market

R9L1 outperformed the Mortgage REITs industry which returned -6.9% over the past year.

R9L1 outperformed the Market in Germany which returned -7.6% over the past year.


Share holder returns

R9L1IndustryMarket
7 Day-0.5%0%-0.7%
30 Day3.0%0%-0.5%
90 Day7.1%0%-3.8%
1 Year21.9%13.5%0%0%-4.6%-7.6%
3 Year-5.3%-18.1%0%0%18.5%8.3%
5 Year-6.4%-40.3%0%0%28.9%11.1%

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 based on future cash flows and its price relative to the stock market?

7%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Exantas Capital's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Exantas Capital's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Exantas Capital is overvalued based on earnings compared to the Global Mortgage REITs industry average.

Exantas Capital is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Exantas Capital is good value based on expected growth next year.


Price Based on Value of Assets

Exantas Capital is good value based on assets compared to the Global Mortgage REITs industry average.


Next Steps

Future Growth

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

19.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Exantas Capital's revenue is expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).

Exantas Capital's earnings are expected to grow by 19% yearly, however this is not considered high growth (20% yearly).

Exantas Capital's revenue growth is expected to exceed the Germany market average.

Exantas Capital's earnings growth is expected to exceed the Germany market average.

Exantas Capital's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Exantas Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Exantas Capital performed over the past 5 years?

-26.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Exantas Capital's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Exantas Capital's 1-year earnings growth exceeds its 5-year average (582.2% vs -26.4%)

Exantas Capital's earnings growth has exceeded the Global Mortgage REITs industry average in the past year (582.2% vs 13.7%).


Return on Equity

Exantas Capital has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Exantas Capital used its assets less efficiently than the Global Mortgage REITs industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Exantas Capital improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Exantas Capital's financial position?


Financial Position Analysis

Exantas Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Exantas Capital's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Exantas Capital's level of debt (290.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (193.6% vs 290.9% today).

Debt is not well covered by operating cash flow (2.5%, less than 20% of total debt).

Unable to confirm if the interest payments on Exantas Capital's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.1x debt.


Next Steps

Dividend

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

8.54%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Exantas Capital's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).

Exantas Capital's dividend is above the markets top 25% of dividend payers in Germany (3.92%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.3x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Exantas Capital's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Robert Lieber (65yo)

2.8yrs

Tenure

US$136,886

Compensation

Mr. Robert C. Lieber, also known as Bob, has been the Chief Executive Officer of Exantas Capital Corp.(also known as, Resource Capital Corp.) since September 8, 2016 and served as its President. Mr. Lieber ...


Management Age and Tenure

5.3yrs

Average Tenure

54yo

Average Age

The average tenure for the Exantas Capital management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

11.0yrs

Average Tenure

65yo

Average Age

The average tenure for the Exantas Capital board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month individual insider trading information.


Ownership Breakdown


Management Team

  • Shelle Weisbaum (58yo)

    Chief Legal Officer

    • Tenure: 2.8yrs
  • Andrew Carr

    Head of Investor Relations

  • Eldron Blackwell (40yo)

    VP & Chief Accounting Officer

    • Tenure: 5.3yrs
    • Compensation: $324.15k
  • Dave Bryant (61yo)

    Senior VP

    • Tenure: 13.1yrs
    • Compensation: $751.36k
  • Tom Elliott (46yo)

    Executive VP of Finance & Operations

    • Tenure: 2.4yrs
    • Compensation: $511.32k
  • David Bloom (54yo)

    Senior Vice President - Real Estate Investments

    • Tenure: 14.3yrs
    • Compensation: $182.00k
  • Robert Lieber (65yo)

    Chief Executive Officer

    • Tenure: 2.8yrs
    • Compensation: $136.89k
  • Alan Feldman (55yo)

    Senior Vice President of Real Estate Investments

    • Tenure: 14.3yrs
  • Matt Stern (45yo)

    President

    • Tenure: 2.2yrs
    • Compensation: $134.98k
  • Jeffrey Blomstrom (50yo)

    Senior Vice President

    • Tenure: 14.3yrs
    • Compensation: $50.00k

Board Members

  • Steve Kessler (76yo)

    Director

    • Tenure: 9.7yrs
    • Compensation: $121.53k
  • Henry Silverman (78yo)

    Director

    • Tenure: 2.1yrs
    • Compensation: $121.66k
  • P. Neff (67yo)

    Director

    • Tenure: 14.3yrs
    • Compensation: $122.06k
  • Walt Beach (52yo)

    Director

    • Tenure: 14.3yrs
    • Compensation: $142.06k
  • Stephanie Wiggins (54yo)

    Director

    • Tenure: 6.1yrs
    • Compensation: $111.67k
  • William Hart (75yo)

    Director

    • Tenure: 14.3yrs
    • Compensation: $111.80k
  • Andrew Farkas (58yo)

    Chairman of the Board

    • Tenure: 2.8yrs
  • Murray Levin (76yo)

    Director

    • Tenure: 14.3yrs
    • Compensation: $106.80k
  • Jeff Cohen (51yo)

    Director

    • Tenure: 2.8yrs
  • Gary Ickowicz (63yo)

    Director

    • Tenure: 12.4yrs
    • Compensation: $121.77k

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$357.064m
  • Listing Market Cap: US$318.215m
  • Shares outstanding: 31.43m
  • Website: Click here

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 mortgage loans and commercial real estate-related debt investments in the  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/20 21:36
End of Day Share Price2019/07/19 00:00
Earnings2019/03/31
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.