NorthStar Realty Europe Corp. is a European focused commercial real estate company with predominately prime office properties within key cities in Germany, the United Kingdom and France, organized as a REIT and managed by an affiliate of Colony Capital, Inc.
Solid track record and fair value.
Share Price & News
How has Northstar Realty Europe's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NRE has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NRE exceeded the US REITs industry which returned 17.9% over the past year.
Return vs Market: NRE underperformed the US Market which returned 24.7% over the past year.
Price Volatility Vs. Market
How volatile is Northstar Realty Europe's share price compared to the market and industry in the last 5 years?
Simply Wall St News
8 months ago | Simply Wall StIs Northstar Realty Europe Corp. (NYSE:NRE) A Strong Dividend Stock?
8 months ago | Simply Wall StShould We Be Delighted With Northstar Realty Europe Corp.'s (NYSE:NRE) ROE Of 32%?
9 months ago | Simply Wall StDo Institutions Own Northstar Realty Europe Corp. (NYSE:NRE) Shares?
Is Northstar Realty Europe undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NRE ($17.02) is trading above our estimate of fair value ($5.24)
Significantly Below Fair Value: NRE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NRE is good value based on its PE Ratio (4.7x) compared to the REITs industry average (37.8x).
PE vs Market: NRE is good value based on its PE Ratio (4.7x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: NRE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NRE is good value based on its PB Ratio (1.3x) compared to the US REITs industry average (2x).
How is Northstar Realty Europe 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: NRE's earnings are forecast to decline over the next 3 years (-118.6% per year).
Earnings vs Market: NRE's earnings are forecast to decline over the next 3 years (-118.6% per year).
High Growth Earnings: NRE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NRE's revenue is expected to decline over the next 3 years (-3.5% per year).
High Growth Revenue: NRE's revenue is forecast to decline over the next 3 years (-3.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NRE's Return on Equity is forecast to be high in 3 years time
How has Northstar Realty Europe performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NRE has a large one-off gain of $196.8M impacting its June 30 2019 financial results.
Growing Profit Margin: NRE's current net profit margins are higher than last year (23.7%).
Past Earnings Growth Analysis
Earnings Trend: NRE has become profitable over the past 5 years, growing earnings by 71.1% per year.
Accelerating Growth: NRE's earnings growth over the past year (480.5%) exceeds its 5-year average (71.1% per year).
Earnings vs Industry: NRE earnings growth over the past year (480.5%) exceeded the REITs industry 8.1%.
Return on Equity
High ROE: NRE's Return on Equity (26.9%) is considered high.
Return on Assets
Return on Capital Employed
How is Northstar Realty Europe'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: NRE has a high level of physical assets or inventory.
Debt Coverage by Assets: NRE's debt is not covered by short term assets (assets are 0.7x 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: NRE is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: NRE is profitable, therefore cash runway is not a concern.
Financial Institutions Analysis
Asset Level: NRE's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if NRE has a sufficient allowance for bad loans.
Low Risk Liabilities: NRE reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if NRE has an acceptable proportion of non-loan assets held.
Low Risk Deposits: NRE has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if NRE has an appropriate level of bad loans.
What is Northstar Realty Europe's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NRE's dividend (3.53%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: NRE's dividend (3.53%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NRE has been paying a dividend for less than 10 years.
Growing Dividend: NRE has only been paying a dividend for 4 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (182.2%), NRE'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
Mahbod Nia (43yo)
Mr. Mahbod Nia is Managing Director at Colony Capital, Inc. He is Chief Executive Officer of NorthStar Realty Europe Corp. (or “NRE”), a NYSE listed REIT focused on European properties since 2015. As CEO, ...
|CEO, President & Director||4.3yrs||US$1.78m||1.25% $10.8m|
|CFO & Treasurer||2.3yrs||US$1.45m||0.41% $3.6m|
|Executive VP||4yrs||US$588.32k||0.24% $2.0m|
|Investor Relations Contact||0yrs||no data||no data|
Experienced Management: NRE's management team is considered experienced (4 years average tenure).
|CEO, President & Director||4.3yrs||US$1.78m||1.25% $10.8m|
|Lead Independent Director||3.9yrs||US$308.50k||0.039% $332.1k|
|Independent Director||3.9yrs||US$267.50k||0.053% $455.6k|
|Director||0.08yrs||no data||0.076% $651.6k|
|Independent Director||3.9yrs||US$273.00k||0.047% $407.3k|
|Independent Director||3.9yrs||US$265.50k||0.076% $656.1k|
|Independent Director||3.2yrs||US$238.50k||0.068% $585.8k|
Experienced Board: NRE's board of directors are considered experienced (3.9 years average tenure).
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 not been meaningfully diluted in the past year.
Northstar Realty Europe Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Northstar Realty Europe Corp.
- Ticker: NRE
- Exchange: NYSE
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$860.397m
- Market Cap: US$855.923m
- Shares outstanding: 50.55m
- Website: https://www.nrecorp.com
- Northstar Realty Europe Corp.
- 590 Madison Avenue
- 34th Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NRE||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Oct 2015|
NorthStar Realty Europe Corp. is a European focused commercial real estate company with predominately prime office properties within key cities in Germany, the United Kingdom and France, organized as a REIT and managed by an affiliate of Colony Capital, Inc. (NYSE: CLNY), a leading global equity REIT with an embedded investment management platform.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/10/01 00:42|
|End of Day Share Price||2019/09/27 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.