NYSE:CORR.PRA

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CorEnergy Infrastructure Trust

Executive Summary

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. More Details


Snowflake Analysis

Mediocre balance sheet and overvalued.

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.


Market Performance


7 Day Return

-5.0%

CORR.PRA

-1.7%

US REITs

-1.4%

US Market


1 Year Return

-41.4%

CORR.PRA

-15.9%

US REITs

17.8%

US Market

Return vs Industry: CORR.PRA underperformed the US REITs industry which returned -15.6% over the past year.

Return vs Market: CORR.PRA underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

CORR.PRAIndustryMarket
7 Day-5.0%-1.7%-1.4%
30 Day-3.3%2.1%4.7%
90 Day1.3%1.6%8.2%
1 Year-35.9%-41.4%-12.6%-15.9%20.5%17.8%
3 Year-28.1%-43.1%14.6%1.0%42.2%32.7%
5 Year-2.1%-34.3%38.3%10.5%83.4%62.7%

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

Valuation

Is CorEnergy Infrastructure Trust undervalued compared to its fair value and its price relative to the market?

12.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CORR.PRA ($15.42) is trading below our estimate of fair value ($17.48)

Significantly Below Fair Value: CORR.PRA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CORR.PRA is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: CORR.PRA is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CORR.PRA is overvalued based on its PB Ratio (2x) compared to the US REITs industry average (1.4x).


Next Steps

Future Growth

How is CorEnergy Infrastructure Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

107.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: CORR.PRA's revenue is expected to decline over the next 3 years (-18.2% per year).

High Growth Revenue: CORR.PRA's revenue is forecast to decline over the next 3 years (-18.2% 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


Next Steps

Past Performance

How has CorEnergy Infrastructure Trust performed over the past 5 years?

-61.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CORR.PRA is currently unprofitable.

Growing Profit Margin: CORR.PRA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CORR.PRA is unprofitable, and losses have increased over the past 5 years at a rate of 61.1% per year.

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

Earnings vs Industry: CORR.PRA is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (1.6%).


Return on Equity

High ROE: CORR.PRA has a negative Return on Equity (-190.82%), as it is currently unprofitable.


Next Steps

Financial Health

How is CorEnergy Infrastructure Trust's financial position?


Financial Position Analysis

Short Term Liabilities: CORR.PRA's short term assets ($118.6M) exceed its short term liabilities ($7.2M).

Long Term Liabilities: CORR.PRA's short term assets ($118.6M) do not cover its long term liabilities ($129.5M).


Debt to Equity History and Analysis

Debt Level: CORR.PRA's debt to equity ratio (70.8%) is considered high.

Reducing Debt: CORR.PRA's debt to equity ratio has increased from 47.6% to 70.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable CORR.PRA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CORR.PRA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 47.4% per year.


Next Steps

Dividend

What is CorEnergy Infrastructure Trust current dividend yield, its reliability and sustainability?

3.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CORR.PRA's dividend (3.64%) is higher than the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: CORR.PRA's dividend (3.64%) is low compared to the top 25% of dividend payers in the US market (4.68%).


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 fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: CORR.PRA is paying a dividend but the company is unprofitable.


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

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

6.5yrs

Average management tenure


CEO

Dave Schulte (59 yo)

15.75yrs

Tenure

Mr. David John Schulte, also known as Dave, JD, CFA, has been Director of Western Midstream Holdings, LLC (formerly Western Gas Equity Holdings, LLC), General Partner of Western Midstream Partners, LP and ...


Leadership Team

NamePositionTenureCompensationOwnership
David Schulte
CEO, President & Chairman15.75yrsno data0.22%
$ 157.0k
Jeffrey Teeven
Vice President of Finance5.17yrsno datano data
Kristin Leitze
Chief Accounting Officer0.83yrno data0.0027%
$ 2.0k
Jeffrey Fulmer
Executive Vice President of Business Development6.5yrsno data0.065%
$ 47.1k
Michael Jonagan
Senior Vice President6.5yrsno datano data
Rebecca Sandring
Executive VP8.83yrsno data0.039%
$ 28.5k
Richard Kreul
President of Mowood LLC & Mogas Pipeline LLC7.58yrsno datano data
Rachel Stroer
Assistant Secretaryno datano datano data
Natalie Hill
Assistant Corporate Secretary and Paralegalno datano datano data

6.5yrs

Average Tenure

59yo

Average Age

Experienced Management: CORR.PRA's management team is seasoned and experienced (6.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Schulte
CEO, President & Chairman15.75yrsno data0.22%
$ 157.0k
Richard Green
Chairman Emeritus1.75yrsno datano data
Conrad Ciccotello
Independent Director15.75yrsUS$60.00k0.044%
$ 32.1k
Todd Banks
Lead Independent Director0.42yrUS$63.03k0.0050%
$ 3.6k
Catherine Lewis
Independent Director7.25yrsUS$60.00k0.032%
$ 23.1k

1.8yrs

Average Tenure

60yo

Average Age

Experienced Board: CORR.PRA's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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.


Ownership Breakdown

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


Top Shareholders

Company Information

CorEnergy Infrastructure Trust, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CorEnergy Infrastructure Trust, Inc.
  • Ticker: CORR.PRA
  • Exchange: NYSE
  • Founded: 2005
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Market Cap: US$72.490m
  • Shares outstanding: 13.65m
  • Website: https://corenergy.reit

Number of Employees


Location

  • CorEnergy Infrastructure Trust, Inc.
  • 1100 Walnut
  • Suite 3350
  • Kansas City
  • Missouri
  • 64106
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CORRNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 2007
CORR.PRANYSE (New York Stock Exchange)DEP SHS REPSTGUSUSDJan 2015

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 00:41
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
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.