Condor Hospitality Trust
Market Cap
US$129.6m
Last Updated
2020/02/19 00:47 UTC
Data Sources
Company Financials +
Executive Summary
Condor Hospitality Trust, Inc. (NYSE American: CDOR) is a self-administered real estate investment trust that specializes in the investment and ownership of upper midscale and upscale, premium-branded, select-service, extended-stay, and limited-service hotels in the top 100 Metropolitan Statistical Areas (“MSAs”) with a particular focus on the top 20 to 60 MSAs.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
Share Price & News
How has Condor Hospitality Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CDOR has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.05%
CDOR
1.5%
US REITs
0.06%
US Market
1 Year Return
29.4%
CDOR
16.6%
US REITs
19.4%
US Market
Return vs Industry: CDOR exceeded the US REITs industry which returned 16.2% over the past year.
Return vs Market: CDOR exceeded the US Market which returned 20.1% over the past year.
Shareholder returns
| CDOR | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.05% | 1.5% | 0.06% |
| 30 Day | -2.0% | 4.4% | 1.1% |
| 90 Day | -1.7% | 7.5% | 8.9% |
| 1 Year | 37.8%29.4% | 21.4%16.6% | 21.9%19.4% |
| 3 Year | -3.9%-22.8% | 39.0%21.6% | 48.9%39.3% |
| 5 Year | 25.9%-2.4% | 59.5%26.7% | 71.9%53.1% |
Price Volatility Vs. Market
How volatile is Condor Hospitality Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
7 months ago | Simply Wall St
Could Condor Hospitality Trust, Inc.'s (NYSEMKT:CDOR) Investor Composition Influence The Stock Price?7 months ago | Simply Wall St
Condor Hospitality Trust (NYSEMKT:CDOR) Takes On Some Risk With Its Use Of Debt7 months ago | Simply Wall St
Is Condor Hospitality Trust (NYSEMKT:CDOR) Using Too Much Debt?Valuation
Is Condor Hospitality Trust undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CDOR ($10.82) is trading below our estimate of fair value ($25.5)
Significantly Below Fair Value: CDOR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CDOR is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: CDOR 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 CDOR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CDOR is good value based on its PB Ratio (1.4x) compared to the US REITs industry average (2.1x).
Next Steps
Future Growth
How is Condor Hospitality Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
108.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CDOR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: CDOR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CDOR's is expected to become profitable in the next 3 years.
Revenue vs Market: CDOR's revenue (4.3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: CDOR's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CDOR's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Condor Hospitality Trust performed over the past 5 years?
49.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CDOR is currently unprofitable.
Growing Profit Margin: CDOR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CDOR is unprofitable, but has reduced losses over the past 5 years at a rate of 49.3% per year.
Accelerating Growth: Unable to compare CDOR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CDOR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (6.9%).
Return on Equity
High ROE: CDOR has a negative Return on Equity (-4.44%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Condor Hospitality Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: CDOR has a high level of physical assets or inventory.
Debt Coverage by Assets: CDOR's debt is not covered by short term assets (assets are 0.1x 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: Whilst unprofitable CDOR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CDOR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22.1% per year.
Financial Institutions Analysis
Asset Level: CDOR's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CDOR has a sufficient allowance for bad loans.
Low Risk Liabilities: CDOR reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CDOR has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CDOR has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CDOR has an appropriate level of bad loans.
Next Steps
Dividend
What is Condor Hospitality Trust's current dividend yield, its reliability and sustainability?
7.19%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CDOR's dividend (7.21%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: CDOR's dividend (7.21%) is in the top 25% of dividend payers in the US market (3.69%)
Stability and Growth of Payments
Stable Dividend: CDOR has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: CDOR's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (171.7%), CDOR'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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.1yrs
Average management tenure
CEO
Bill Blackham (65yo)
4.9yrs
Tenure
US$973,081
Compensation
Mr. J. William Blackham, also known as Bill, has been Chief Executive Officer, President and Director of Condor Hospitality Trust Inc. since March 3, 2015. Mr. Blackham served as Chief Financial Officer an ...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD973.08K) is above average for companies of similar size in the US market ($USD521.92K).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.9yrs | US$973.08k | 1.88% $2.4m | |
| Interim CFO & Chief Accounting Officer | 0yrs | US$230.82k | 0.060% $77.8k | |
| Corporate Counsel & Secretary | 7.1yrs | no data | no data | |
| Assistant Vice President of Human Resources | 10.5yrs | no data | no data | |
| Assistant Vice President of Capital Expenditures | 0yrs | no data | no data | |
| Assistant Vice President of Capital Expenditures | 0yrs | no data | no data |
7.1yrs
Average Tenure
50yo
Average Age
Experienced Management: CDOR's management team is seasoned and experienced (7.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.9yrs | US$973.08k | 1.88% $2.4m | |
| Chairman of Board | 0.8yrs | US$47.76k | 0.088% $113.8k | |
| Independent Director | 8yrs | US$52.24k | 0.10% $131.9k | |
| Independent Director | 8yrs | US$44.51k | 0.044% $56.9k | |
| Independent Director | 3.9yrs | US$48.16k | no data | |
| Independent Director | 2.2yrs | US$50.00k | 0.062% $80.5k | |
| Independent Director | 1.9yrs | US$40.86k | 0.037% $47.5k | |
| Director | 0.8yrs | no data | 0.028% $36.6k | |
| Director | 0.8yrs | no data | 0.0031% $4.0k |
2.2yrs
Average Tenure
43yo
Average Age
Experienced Board: CDOR's board of directors are not considered experienced ( 2.2 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
Condor Hospitality Trust, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Condor Hospitality Trust, Inc.
- Ticker: CDOR
- Exchange: AMEX
- Founded: 1994
- Industry: Hotel and Resort REITs
- Sector: Real Estate
- Implied Market Cap: US$129.586m
- Market Cap: US$128.977m
- Shares outstanding: 11.98m
- Website: https://www.condorhospitality.com
Number of Employees
Location
- Condor Hospitality Trust, Inc.
- 4800 Montgomery Lane
- Suite 220
- Bethesda
- Maryland
- 20814
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CDOR | AMEX (NYSE MKT LLC) | Yes | Common Stock | US | USD | Nov 1994 |
Biography
Condor Hospitality Trust, Inc. (NYSE American: CDOR) is a self-administered real estate investment trust that specializes in the investment and ownership of upper midscale and upscale, premium-branded, select-service, extended-stay, and limited-service hotels in the top 100 Metropolitan Statistical Areas (“MSAs”) with a particular focus on the top 20 to 60 MSAs. The Company currently owns 15 hotels in 8 states. Condor’s hotels are franchised by a number of the industry’s most well-regarded brand families including Hilton, Marriott, and InterContinental Hotels.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 00:47 |
| End of Day Share Price | 2020/02/18 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.