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Exantas Capital

NYSE:XAN
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XAN
NYSE
$349M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

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. The last earnings update was 41 days ago. More info.


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XAN Share Price and Events
7 Day Returns
0%
NYSE:XAN
0.9%
US Mortgage REITs
0.1%
US Market
1 Year Returns
9%
NYSE:XAN
-7.6%
US Mortgage REITs
1.2%
US Market
XAN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Exantas Capital (XAN) 0% 0% 3.7% 9% -13.2% -51.8%
US Mortgage REITs 0.9% -1.8% -4.2% -7.6% 0.3% -14.5%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • XAN outperformed the Mortgage REITs industry which returned -7.6% over the past year.
  • XAN outperformed the Market in United States of America which returned 1.2% over the past year.
Price Volatility
XAN
Industry
5yr Volatility vs Market

Value

 Is Exantas Capital undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Exantas Capital to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Exantas Capital.

NYSE:XAN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $22.88 * 3.9%
$0.89
Book Value of Equity per Share Median Book Value from the past 5 years. $22.88
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:XAN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Mortgage REITs Unlevered Beta Simply Wall St/ S&P Global 0.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.275 (1 + (1- 21%) (465.03%))
1.191
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.191 * 5.96%)
9.83%

Discounted Cash Flow Calculation for NYSE:XAN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Exantas Capital is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:XAN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.9% – 9.83%) * $22.88)
$-1.36
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.36 / (9.83% - 2.73%)
$-19.16
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $22.88 + $-19.16
$3.72
NYSE:XAN Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.72
Current discount Discount to share price of $11.10
= -1 x ($11.10 - $3.72) / $3.72
-198.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Exantas Capital is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Exantas Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Exantas Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:XAN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.81
NYSE:XAN Share Price ** NYSE (2019-06-18) in USD $11.1
United States of America Mortgage REITs Industry PE Ratio Median Figure of 23 Publicly-Listed Mortgage REITs Companies 12.87x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Exantas Capital.

NYSE:XAN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:XAN Share Price ÷ EPS (both in USD)

= 11.1 ÷ 0.81

13.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Exantas Capital is overvalued based on earnings compared to the US Mortgage REITs industry average.
  • Exantas Capital is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Exantas Capital's expected growth come at a high price?
Raw Data
NYSE:XAN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
18.3%per year
United States of America Mortgage REITs Industry PEG Ratio Median Figure of 21 Publicly-Listed Mortgage REITs Companies 1.19x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NYSE:XAN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.74x ÷ 18.3%

0.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Exantas Capital is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Exantas Capital's assets?
Raw Data
NYSE:XAN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $17.74
NYSE:XAN Share Price * NYSE (2019-06-18) in USD $11.1
United States of America Mortgage REITs Industry PB Ratio Median Figure of 37 Publicly-Listed Mortgage REITs Companies 0.94x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:XAN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:XAN Share Price ÷ Book Value per Share (both in USD)

= 11.1 ÷ 17.74

0.63x

* Primary Listing of Exantas Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Exantas Capital is good value based on assets compared to the US Mortgage REITs industry average.
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Value checks
We assess Exantas Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage REITs industry average (and greater than 0)? (1 check)
  5. Exantas Capital has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Exantas Capital expected to grow at an attractive rate?
  • Exantas Capital's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Exantas Capital's earnings growth is expected to exceed the United States of America market average.
  • Exantas Capital's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:XAN Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:XAN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 18.3%
NYSE:XAN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9.2%
United States of America Mortgage REITs Industry Earnings Growth Rate Market Cap Weighted Average 40.7%
United States of America Mortgage REITs Industry Revenue Growth Rate Market Cap Weighted Average 26.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:XAN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:XAN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 68 35 3
2019-12-31 61 30 3
NYSE:XAN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 58 41 25
2018-12-31 57 48 7
2018-09-30 51 49 -9
2018-06-30 47 204 4
2018-03-31 43 170 4
2017-12-31 42 222 20
2017-09-30 40 258 26
2017-06-30 36 70 -33
2017-03-31 42 65 -35
2016-12-31 45 -19 -34
2016-09-30 29 -35 -36
2016-06-30 47 -1 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Exantas Capital's earnings are expected to grow by 18.3% yearly, however this is not considered high growth (20% yearly).
  • Exantas Capital's revenue is expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:XAN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Exantas Capital Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:XAN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.05 1.21 0.95 3.00
2019-12-31 0.93 1.00 0.87 2.00
NYSE:XAN Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.81
2018-12-31 0.22
2018-09-30 -0.30
2018-06-30 0.12
2018-03-31 0.12
2017-12-31 0.64
2017-09-30 0.84
2017-06-30 -1.08
2017-03-31 -1.14
2016-12-31 -1.10
2016-09-30 -1.18
2016-06-30 0.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Exantas Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Exantas Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Exantas Capital has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Exantas Capital performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Exantas Capital's growth in the last year to its industry (Mortgage REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 US Mortgage REITs industry average in the past year (582.2% vs 13.7%).
Earnings and Revenue History
Exantas Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Exantas Capital Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:XAN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 58.14 25.26 23.14
2018-12-31 56.88 6.85 24.63
2018-09-30 50.73 -9.40 25.36
2018-06-30 46.60 3.66 28.11
2018-03-31 43.07 3.70 29.04
2017-12-31 41.94 19.79 29.53
2017-09-30 40.35 25.85 28.21
2017-06-30 36.21 -33.14 27.81
2017-03-31 41.69 -34.94 29.12
2016-12-31 44.92 -33.70 29.96
2016-09-30 29.04 -36.06 15.65
2016-06-30 47.21 10.97 20.64
2016-03-31 24.22 -24.88 25.11
2015-12-31 29.23 -19.99 32.07
2015-09-30 58.34 -7.93 58.13
2015-06-30 57.90 -7.38 58.53
2015-03-31 87.93 38.31 59.13
2014-12-31 82.59 41.44 34.22
2014-09-30 79.87 36.17 49.56
2014-06-30 78.44 50.97 46.04
2014-03-31 78.70 42.82 40.16
2013-12-31 79.23 39.23 39.20
2013-09-30 99.49 54.32 37.21
2013-06-30 110.75 50.35 35.86
2013-03-31 109.87 60.24 36.34
2012-12-31 92.08 63.20 32.92
2012-09-30 107.31 49.47 29.04
2012-06-30 95.26 46.26 25.78

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Exantas Capital has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Exantas Capital used its assets less efficiently than the US Mortgage REITs industry average last year based on Return on Assets.
  • 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.
X
Past performance checks
We assess Exantas Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Exantas Capital has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Exantas Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Exantas Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Exantas Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Exantas Capital Company Filings, last reported 2 months ago.

NYSE:XAN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 557.82 1,622.44 55.90
2018-12-31 553.82 1,555.27 83.80
2018-09-30 560.35 1,422.91 50.72
2018-06-30 555.89 1,319.71 82.46
2018-03-31 550.18 1,222.39 63.42
2017-12-31 671.48 1,163.56 182.27
2017-09-30 730.66 1,172.32 283.38
2017-06-30 703.97 1,069.82 102.98
2017-03-31 705.05 1,177.20 158.12
2016-12-31 703.09 1,191.55 121.17
2016-09-30 718.56 1,404.00 122.35
2016-06-30 776.43 1,578.30 75.28
2016-03-31 787.64 1,604.77 79.98
2015-12-31 826.76 1,625.17 105.03
2015-09-30 853.28 1,888.36 134.18
2015-06-30 892.65 1,834.45 181.98
2015-03-31 948.72 1,933.46 261.17
2014-12-31 952.11 1,725.35 121.36
2014-09-30 943.92 1,599.79 208.35
2014-06-30 921.93 1,589.69 245.70
2014-03-31 780.19 1,512.33 212.06
2013-12-31 773.92 1,330.40 303.89
2013-09-30 783.41 1,434.64 186.54
2013-06-30 777.44 1,571.62 205.95
2013-03-31 657.75 1,663.88 123.01
2012-12-31 613.35 1,800.29 116.96
2012-09-30 587.49 1,699.59 138.54
2012-06-30 475.70 1,753.38 76.05
  • 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.
X
Financial health checks
We assess Exantas Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Exantas Capital has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.11%
Current annual income from Exantas Capital dividends. Estimated to be 8.83% next year.
If you bought $2,000 of Exantas Capital shares you are expected to receive $162 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Exantas Capital's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Exantas Capital's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Upcoming dividend payment

Purchase Exantas Capital before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:XAN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Mortgage REITs Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 10.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:XAN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.04 3.00
2019-12-31 0.89 2.00
NYSE:XAN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-12 0.900 8.082
2019-03-15 0.800 7.318
2018-12-12 0.700 6.648
2018-09-13 0.600 5.449
2018-06-15 0.400 3.654
2018-03-20 0.200 2.053
2017-12-18 0.200 2.165
2017-09-19 0.200 1.976
2017-06-19 0.200 1.955
2017-03-20 0.200 2.090
2016-12-15 0.200 2.367
2016-09-19 1.680 15.520
2016-08-09 1.680 12.877
2016-08-02 1.680 13.277
2016-03-17 1.680 13.642
2015-12-14 1.680 15.421
2015-09-17 2.560 20.779
2015-06-19 2.560 18.470
2015-03-20 2.560 14.624
2014-12-18 3.200 16.424
2014-09-19 3.200 15.657
2014-06-18 3.200 14.565
2014-03-21 3.200 14.301
2013-12-19 3.200 13.518
2013-09-20 3.200 13.380
2013-06-14 3.200 13.034
2013-03-15 3.200 12.377
2012-12-19 3.200 12.800
2012-09-17 3.200 13.608
2012-06-11 3.200 14.294
2012-03-16 3.200 14.984
2011-12-12 4.000 17.505
2011-09-16 4.000 18.965
2011-06-16 4.000 17.298
2011-03-18 4.000 15.335
2010-12-16 4.000 13.775
2010-09-16 4.000 15.221
2010-06-10 4.000 16.813
2010-03-18 4.000 15.499
2009-12-14 4.000 17.825
2009-09-17 4.800 23.264

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Exantas Capital's earnings are paid to the shareholders as a dividend.
  • 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.
X
Income/ dividend checks
We assess Exantas Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Exantas Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Exantas Capital has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Robert Lieber
COMPENSATION $136,886
AGE 64
TENURE AS CEO 2.8 years
CEO Bio

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 has also served as a director of Resource Income Opportunity REIT, Inc. since September 2016. Mr. Lieber served under New York City Mayor Michael R. Bloomberg as Deputy Mayor for Economic Development from January 2007 to July 2010. Mr. Lieber serves as Vice President for Anubis Advisors. Mr. Lieber is a Principal of the Equity Funds and has 33 years of real estate experience. Mr. Lieber has served as an Executive Managing Director of C-III Capital Partners LLC and Island Capital Group LLC since August 2010. Mr. Lieber was employed by Lehman Brothers Holdings Inc. for 23 years, serving as Managing Director of real estate private equity fund and previously as the Global Head of Real Estate Investment Banking. Mr. Lieber served as Managing Director at Equity Investments and Global Head of Real Estate Investment Banking at Lehman Brothers Real Estate Partners. Mr. Lieber joined Lehman Brothers in 1984 and prior to joining the Real Estate Private Equity Group in 2006, he was a member of the Firm's Real Estate Investment Banking Group for 22 years, serving as head of that group for five years. He joined the Bloomberg administration in January 2007. He served as Chairman of the Zell-Lurie Real Estate Center at The Wharton School, University of Pennsylvania. He has been a Director of ACRE Realty Investors Inc. since January 31, 2015. He has been a Director of Resource Real Estate Opportunity REIT, Inc. since February 2017. He has been an Independent Director of Tutor Perini Corporation since August 12, 2014. He served as a Board Member and Secretary of the Board as well as a Trustee for the Urban Land Institute and formerly served as Chairman of the Zell-Lurie Real Estate Center at The Wharton School, University of Pennsylvania. Mr. Lieber holds a B.A. from The University of Colorado and an M.B.A. from The Wharton School.

CEO Compensation
  • Robert's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Robert's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Exantas Capital management team in years:

5.3
Average Tenure
53
Average Age
  • The average tenure for the Exantas Capital management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Robert Lieber

TITLE
Chief Executive Officer
COMPENSATION
$137K
AGE
64
TENURE
2.8 yrs

Matt Stern

TITLE
President
COMPENSATION
$135K
AGE
44
TENURE
2.1 yrs

Dave Bryant

TITLE
Senior VP
COMPENSATION
$751K
AGE
60
TENURE
13 yrs

Tom Elliott

TITLE
Executive VP of Finance & Operations
COMPENSATION
$511K
AGE
45
TENURE
2.3 yrs

Eldron Blackwell

TITLE
VP & Chief Accounting Officer
COMPENSATION
$324K
AGE
39
TENURE
5.3 yrs

Andrew Carr

TITLE
Head of Investor Relations

Shelle Weisbaum

TITLE
Chief Legal Officer
AGE
57
TENURE
2.8 yrs

Alan Feldman

TITLE
Senior Vice President of Real Estate Investments
AGE
54
TENURE
14.3 yrs

David Bloom

TITLE
Senior Vice President - Real Estate Investments
COMPENSATION
$182K
AGE
53
TENURE
14.3 yrs

Jeffrey Blomstrom

TITLE
Senior Vice President
COMPENSATION
$50K
AGE
49
TENURE
14.3 yrs
Board of Directors Tenure

Average tenure and age of the Exantas Capital board of directors in years:

11
Average Tenure
64
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.
Board of Directors

Andrew Farkas

TITLE
Chairman of the Board
AGE
57
TENURE
2.8 yrs

P. Neff

TITLE
Director
COMPENSATION
$122K
AGE
66
TENURE
14.3 yrs

Murray Levin

TITLE
Director
COMPENSATION
$107K
AGE
75
TENURE
14.3 yrs

Walt Beach

TITLE
Director
COMPENSATION
$142K
AGE
51
TENURE
14.3 yrs

Steve Kessler

TITLE
Director
COMPENSATION
$122K
AGE
75
TENURE
9.6 yrs

William Hart

TITLE
Director
COMPENSATION
$112K
AGE
74
TENURE
14.3 yrs

Gary Ickowicz

TITLE
Director
COMPENSATION
$122K
AGE
62
TENURE
12.3 yrs

Stephanie Wiggins

TITLE
Director
COMPENSATION
$112K
AGE
53
TENURE
6 yrs

Jeff Cohen

TITLE
Director
AGE
50
TENURE
2.8 yrs

Henry Silverman

TITLE
Director
COMPENSATION
$122K
AGE
77
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Exantas Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Exantas Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Now The Time To Put Exantas Capital (NYSE:XAN) On Your Watchlist?

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Exantas Capital (NYSE:XAN). … Check out our latest analysis for Exantas Capital Exantas Capital's Improving Profits In a capitalist society capital chases profits, and that means share prices tend rise with earnings per share (EPS). … Not all of Exantas Capital's revenue this year is revenue from operations, so keep in mind the revenue and margin numbers I've used might not be the best representation of the underlying business.

Simply Wall St -

Why Exantas Capital Corp. (NYSE:XAN) Could Be Worth Watching

Let’s take a look at Exantas Capital’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … I find that Exantas Capital’s ratio of 13.8x is trading slightly above its industry peers’ ratio of 12.81x, which means if you buy Exantas Capital today, you’d be paying a relatively fair price for it. … And if you believe that Exantas Capital should be trading at this level in the long run, there’s only an insignificant downside when the price falls to its real value.

Simply Wall St -

Is Exantas Capital Corp. (NYSE:XAN) A Risky Dividend Stock?

Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … A high yield and a long history of paying dividends is an appealing combination for Exantas Capital. … When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable.

Simply Wall St -

Imagine Owning Exantas Capital (NYSE:XAN) While The Price Tanked 51%

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … That would generally be considered a positive, so we are surprised to see the share price is down. … Other metrics may better explain the share price move.

Simply Wall St -

What Kind Of Shareholders Own Exantas Capital Corp. (NYSE:XAN)?

A look at the shareholders of Exantas Capital Corp. … With a market capitalization of US$335m, Exantas Capital is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Should You Be Concerned About Exantas Capital Corp.'s (NYSE:XAN) Historical Volatility?

(NYSE:XAN), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … The first thing to understand about beta is that the beta of the overall market is one.

Simply Wall St -

Who Has Been Buying Exantas Capital Corp. (NYSE:XAN) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Exantas Capital Corp. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Exantas Capital Insider Transactions Over The Last Year.

Simply Wall St -

Does Market Volatility Impact Exantas Capital Corp's (NYSE:XAN) Share Price?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Why Exantas Capital Corp (NYSE:XAN) Could Be A Buy

saw a double-digit share price rise of over 10% in the past couple of months on the NYSE. … So, could the stock still be trading at a low price relative to its actual value. … Let’s examine Exantas Capital’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Company Info

Description

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. It invests in commercial real estate-related assets, including first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments related to commercial real estate (CRE), commercial mortgage-backed securities, and CRE equity investments. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. It generally would not be subject to federal corporate income tax to the extent that it distributes 100% of its REIT taxable income. The company was formerly known as Resource Capital Corp. and changed its name to Exantas Capital Corp. in May 2018. Exantas Capital Corp. was founded in 2005 and is based in New York, New York.

Details
Name: Exantas Capital Corp.
XAN
Exchange: NYSE
Founded: 2005
$348,891,581
31,431,674
Website: http://www.exantas.com
Address: Exantas Capital Corp.
717 Fifth Avenue,
New York,
New York, 10022,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE XAN Common Stock New York Stock Exchange US USD 07. Feb 2006
DB R9L1 Common Stock Deutsche Boerse AG DE EUR 07. Feb 2006
NYSE XAN.PRC 8.625% CUM PFD C New York Stock Exchange US USD 06. Jun 2014
Number of employees
Current staff
Staff numbers
0
Exantas Capital employees.
Industry
Mortgage REITs
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 00:03
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/05/06
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.