NYSE:XAN

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

0.6%

XAN

0.9%

US Mortgage REITs

0.4%

US Market


1 Year Return

4.3%

XAN

-2.9%

US Mortgage REITs

6.9%

US Market

Return vs Industry: XAN exceeded the US Mortgage REITs industry which returned -2.9% over the past year.

Return vs Market: XAN underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

XANIndustryMarket
7 Day0.6%0.9%0.4%
30 Day-1.8%0.5%-1.2%
90 Day0.2%-0.5%-0.4%
1 Year12.8%4.3%8.2%-2.9%9.3%6.9%
3 Year5.0%-8.2%40.2%1.2%45.8%36.4%
5 Year-15.1%-44.8%56.0%-10.4%62.9%45.1%

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

Valuation

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

14.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: XAN ($11.38) is trading above our estimate of fair value ($11.14)

Significantly Undervalued: XAN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: XAN is poor value based on its PE Ratio (14.2x) compared to the Mortgage REITs industry average (12.8x).

PE vs Market: XAN is good value based on its PE Ratio (14.2x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: XAN is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: XAN is good value based on its PB Ratio (0.6x) compared to the US Mortgage REITs industry average (1x).


Next Steps

Future Growth

How is Exantas Capital forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

19.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: XAN's forecast earnings growth (19.4% per year) is above the savings rate (2.7%).

Earnings vs Market: XAN's earnings (19.4% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: XAN's earnings are forecast to grow, but not significantly.

Revenue vs Market: XAN's revenue (10% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: XAN's revenue (10% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if XAN'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?

-13.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: XAN's earnings have declined by -13.7% per year over the past 5 years.

Accelerating Growth: XAN's earnings growth over the past year (585.7%) exceeds its 5-year average (-13.7% per year).

Earnings vs Industry: XAN earnings growth over the past year (585.7%) exceeded the Mortgage REITs industry 3.7%.


Return on Equity

High ROE: XAN's Return on Equity (6.3%) is considered low.


Return on Assets

ROA vs Industry: XAN's Return on Assets is below or equal to the Mortgage REITs industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate XAN's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Exantas Capital'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

Inventory Level: XAN has a low level of unsold assets or inventory.

Debt Coverage by Assets: XAN's debt is covered by short term assets (assets are 1.068400x debt).


Financial Institutions Analysis

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

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

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

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

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

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


Next Steps

Dividend

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

8.79%

Current Dividend Yield


Dividend Yield vs Market

company8.8%marketbottom25%1.4%markettop25%3.7%industryaverage10.3%forecastin3Years9.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: XAN's dividend (8.79%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: XAN's dividend (8.79%) is in the top 25% of dividend payers in the US market (3.73%)

Stable Dividend: XAN's dividend payments have been volatile in the past 10 years.

Growing Dividend: XAN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (93.7%), XAN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.6yrs

Average management tenure


CEO

Robert Lieber (65yo)

3.1yrs

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

5.6yrs

Average Tenure

54yo

Average Age

Experienced Management: XAN's management team is seasoned and experienced (5.6 years average tenure).


Board Age and Tenure

12.7yrs

Average Tenure

67yo

Average Age

Experienced Board: XAN's board of directors are seasoned and experienced ( 12.7 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.


Ownership Breakdown


Management Team

  • Dave Bryant (61yo)

    Senior VP

    • Tenure: 13.3yrs
    • Compensation: US$751.36k
  • David Bloom (54yo)

    Senior Vice President - Real Estate Investments

    • Tenure: 14.6yrs
    • Compensation: US$182.00k
  • Alan Feldman (55yo)

    Senior Vice President of Real Estate Investments

    • Tenure: 14.6yrs
  • Tom Elliott (46yo)

    Executive VP of Finance & Operations

    • Tenure: 2.7yrs
    • Compensation: US$511.32k
  • Jeffrey Blomstrom (50yo)

    Senior Vice President

    • Tenure: 14.6yrs
  • Matt Stern (45yo)

    President

    • Tenure: 2.4yrs
    • Compensation: US$134.98k
  • Robert Lieber (65yo)

    Chief Executive Officer

    • Tenure: 3.1yrs
    • Compensation: US$136.89k
  • Shelle Weisbaum (58yo)

    Chief Legal Officer

    • Tenure: 3.1yrs
  • Eldron Blackwell (40yo)

    VP & Chief Accounting Officer

    • Tenure: 5.6yrs
    • Compensation: US$324.15k
  • Steven Landgraber

    Investor Relations

    • Tenure: 0yrs

Board Members

  • Andrew Farkas (58yo)

    Chairman of the Board

    • Tenure: 3.1yrs
  • Henry Silverman (78yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$121.66k
  • P. Neff (67yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: US$122.06k
  • Jeff Cohen (51yo)

    Director

    • Tenure: 3.1yrs
  • Steve Kessler (76yo)

    Director

    • Tenure: 9.9yrs
    • Compensation: US$121.53k
  • William Hart (75yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: US$111.80k
  • Murray Levin (76yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: US$106.80k
  • Walt Beach (52yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: US$142.06k
  • Gary Ickowicz (63yo)

    Director

    • Tenure: 12.7yrs
    • Compensation: US$121.77k

Company Information

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


Key Information

  • Name: Exantas Capital Corp.
  • Ticker: XAN
  • Exchange: NYSE
  • Founded: 2005
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Market Cap: US$357.799m
  • Shares outstanding: 31.44m
  • 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 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 Analysis2019/10/18 23:56
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
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.