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.
Average dividend payer and fair value.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CORR underperformed the US REITs industry which returned -19.8% over the past year.
Return vs Market: CORR underperformed the US Market which returned -12.7% 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
1 month ago | Simply Wall StCorEnergy Infrastructure Trust, Inc. Just Reported And Analysts Have Been Lifting Their Price Targets
1 month ago | Simply Wall StWhat Kind Of Shareholders Own CorEnergy Infrastructure Trust, Inc. (NYSE:CORR)?
2 months ago | Simply Wall StCorEnergy Infrastructure Trust (NYSE:CORR) Shareholders Booked A 39% Gain In The Last Five Years
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 ($20.12) is trading below our estimate of fair value ($84.37)
Significantly Below Fair Value: CORR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CORR is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: CORR 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's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CORR is good value based on its PB Ratio (0.8x) compared to the US REITs industry average (1.3x).
How is CorEnergy Infrastructure Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CORR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: CORR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CORR's is expected to become profitable in the next 3 years.
Revenue vs Market: CORR's revenue is expected to decline over the next 3 years (-4.1% per year).
High Growth Revenue: CORR's revenue is forecast to decline over the next 3 years (-4.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CORR'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 is currently unprofitable.
Growing Profit Margin: CORR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CORR is unprofitable, but has reduced losses over the past 5 years at a rate of 13.4% per year.
Accelerating Growth: Unable to compare CORR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CORR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (5%).
Return on Equity
High ROE: CORR has a negative Return on Equity (0.86%), as it is currently unprofitable.
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 has a high level of physical assets or inventory.
Debt Coverage by Assets: CORR's debt is covered by short term assets (assets are 1x debt).
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: CORR has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: CORR has been profitable on average in the past, therefore cash runway is not a concern.
Financial Institutions Analysis
Asset Level: CORR's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CORR has a sufficient allowance for bad loans.
Low Risk Liabilities: CORR reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CORR has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CORR has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CORR 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
Notable Dividend: CORR's dividend (14.91%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: CORR's dividend (14.91%) is in the top 25% of dividend payers in the US market (5.49%)
Stability and Growth of Payments
Stable Dividend: CORR's dividend payments have been volatile in the past 10 years.
Growing Dividend: CORR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (286.6%), CORR's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CORR's dividends in 3 years are forecast to be thoroughly covered by earnings (6% payout ratio).
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||15.17yrs||no data||0.20% $554.7k|
|Vice President of Finance||no data||no data||no data|
|Chief Accounting Officer & Controller||0.25yr||no data||0.0027% $7.6k|
|Executive Vice President||5.92yrs||no data||0.050% $138.1k|
|Senior Vice President||5.92yrs||no data||no data|
|Executive VP||8.25yrs||no data||0.039% $108.1k|
|President of Mowood LLC & President of Mogas Pipeline LLC||7yrs||no data||no data|
|Assistant Secretary||no data||no data||no data|
|Assistant Corporate Secretary and Paralegal||no data||no data||no data|
Experienced Management: CORR's management team is seasoned and experienced (6.5 years average tenure).
|CEO, President & Chairman||15.17yrs||no data||0.20% $554.7k|
|Chairman Emeritus||1.17yrs||no data||no data|
|Lead Independent Director||2.17yrs||US$58.00k||0.036% $97.6k|
|Independent Director||15.17yrs||US$60.00k||0.041% $111.4k|
|Independent Director||2.83yrs||US$53.00k||0.0050% $13.8k|
|Independent Director||6.67yrs||US$60.00k||0.032% $87.5k|
Experienced Board: CORR's board of directors are not considered experienced ( 2.5 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: CORR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.3%.
CorEnergy Infrastructure Trust, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: CorEnergy Infrastructure Trust, Inc.
- Ticker: CORR
- Exchange: NYSE
- Founded: 2005
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: US$274.669m
- Shares outstanding: 13.65m
- 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||2020/03/30 02:41|
|End of Day Share Price||2020/03/27 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.