CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns critical energy assets, such as pipelines, storage terminals, and transmission and distribution assets.
Fair value with moderate growth potential.
Share Price & News
How has CorEnergy Infrastructure Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CORR.PRA has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CORR.PRA underperformed the US REITs industry which returned 16.2% over the past year.
Return vs Market: CORR.PRA underperformed the US Market which returned 20.1% over the past year.
Price Volatility Vs. Market
How volatile is CorEnergy Infrastructure Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is CorEnergy Infrastructure Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CORR.PRA ($25.61) is trading below our estimate of fair value ($50.97)
Significantly Below Fair Value: CORR.PRA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CORR.PRA is poor value based on its PE Ratio (105.7x) compared to the REITs industry average (37.3x).
PE vs Market: CORR.PRA is poor value based on its PE Ratio (105.7x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: CORR.PRA is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: CORR.PRA is good value based on its PB Ratio (1.8x) compared to the US REITs industry average (2.1x).
How is CorEnergy Infrastructure Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CORR.PRA's forecast earnings growth (83.4% per year) is above the savings rate (1.7%).
Earnings vs Market: CORR.PRA's earnings (83.4% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CORR.PRA's revenue is expected to decline over the next 3 years (-1.6% per year).
High Growth Revenue: CORR.PRA's revenue is forecast to decline over the next 3 years (-1.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CORR.PRA's Return on Equity is forecast to be high in 3 years time
How has CorEnergy Infrastructure Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CORR.PRA has a large one-off loss of $21.7M impacting its September 30 2019 financial results.
Growing Profit Margin: CORR.PRA's current net profit margins (6.3%) are lower than last year (23%).
Past Earnings Growth Analysis
Earnings Trend: CORR.PRA's earnings have grown significantly by 23% per year over the past 5 years.
Accelerating Growth: CORR.PRA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CORR.PRA had negative earnings growth (-73.2%) over the past year, making it difficult to compare to the REITs industry average (6.9%).
Return on Equity
High ROE: CORR.PRA's Return on Equity (3.1%) is considered low.
Return on Assets
Return on Capital Employed
How is CorEnergy Infrastructure Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: CORR.PRA has a high level of physical assets or inventory.
Debt Coverage by Assets: CORR.PRA's debt is not covered by short term assets (assets are 1x debt).
Financial Institutions Analysis
Asset Level: CORR.PRA's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CORR.PRA has a sufficient allowance for bad loans.
Low Risk Liabilities: CORR.PRA reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CORR.PRA has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CORR.PRA has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CORR.PRA has an appropriate level of bad loans.
What is CorEnergy Infrastructure Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CORR.PRA's dividend (6.56%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: CORR.PRA's dividend (6.56%) is in the top 25% of dividend payers in the US market (3.69%)
Stability and Growth of Payments
Stable Dividend: CORR.PRA's dividend payments have been volatile in the past 10 years.
Growing Dividend: CORR.PRA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (288.9%), CORR.PRA'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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Schulte (58yo)
Mr. David John Schulte, also known as Dave, CFA serves as Chairman of the Board of CorEnergy Infrastructure Trust, Inc. since January 1, 2019. He served as a Managing Director at Corridor InfraTrust Manage ...
|CEO, President & Chairman||15.1yrs||no data||0.19% $1.2m|
|Vice President of Finance||0yrs||no data||no data|
|Chief Accounting Officer & Controller||0.2yrs||no data||0.0028% $17.1k|
|Executive Vice President||5.8yrs||no data||0.036% $222.4k|
|Senior Vice President||5.8yrs||no data||no data|
|Executive VP||8.2yrs||no data||0.040% $245.6k|
|President of Mowood LLC & President of Mogas Pipeline LLC||6.9yrs||no data||no data|
|Assistant Secretary||0yrs||no data||no data|
|Assistant Corporate Secretary and Paralegal||0yrs||no data||no data|
Experienced Management: CORR.PRA's management team is seasoned and experienced (6.4 years average tenure).
|CEO, President & Chairman||15.1yrs||no data||0.19% $1.2m|
|Chairman Emeritus||1.1yrs||no data||no data|
|Lead Independent Director||2.1yrs||US$58.00k||0.036% $221.7k|
|Independent Director||15.1yrs||US$60.00k||0.039% $241.2k|
|Independent Director||2.8yrs||US$53.00k||0.0051% $31.3k|
|Independent Director||6.6yrs||US$60.00k||0.032% $198.8k|
Experienced Board: CORR.PRA's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6%.
CorEnergy Infrastructure Trust, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: CorEnergy Infrastructure Trust, Inc.
- Ticker: CORR.PRA
- Exchange: NYSE
- Founded: 2005
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: US$618.678m
- Shares outstanding: 13.53m
- Website: https://corenergy.reit
Number of Employees
- CorEnergy Infrastructure Trust, Inc.
- 1100 Walnut
- Suite 3350
- Kansas City
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CORR||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Feb 2007|
|CORR.PRA||NYSE (New York Stock Exchange)||DEP SHS REPSTG||US||USD||Jan 2015|
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns critical energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contracted revenue from operators of our assets, primarily under triple-net participating leases.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 01:12|
|End of Day Share Price||2020/02/14 00:00|
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.