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Condor Hospitality Trust

AMEX:CDOR
Snowflake Description

Good value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CDOR
AMEX
$116M
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

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 last earnings update was 23 days ago. More info.


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CDOR Share Price and Events
7 Day Returns
0.2%
AMEX:CDOR
0.1%
US REITs
-1.4%
US Market
1 Year Returns
-4.8%
AMEX:CDOR
13.9%
US REITs
1.6%
US Market
CDOR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Condor Hospitality Trust (CDOR) 0.2% -0.9% 16.6% -4.8% -24.2% -8.4%
US REITs 0.1% 1.9% 3.8% 13.9% 11.3% 25.5%
US Market -1.4% -3.9% 0.1% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • CDOR underperformed the REITs industry which returned 13.9% over the past year.
  • CDOR underperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
CDOR
Industry
5yr Volatility vs Market

CDOR Value

 Is Condor Hospitality Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Condor Hospitality Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Condor Hospitality Trust.

AMEX:CDOR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:CDOR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (116.47%))
1.01
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.01 * 5.96%)
8.75%

Discounted Cash Flow Calculation for AMEX:CDOR using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Condor Hospitality Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Condor Hospitality Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

AMEX:CDOR DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 8.75%)
2019 13.21 Analyst x3 12.15
2020 13.64 Analyst x3 11.53
2021 15.35 Analyst x1 11.93
2022 16.29 Est @ 6.14% 11.65
2023 17.13 Est @ 5.12% 11.26
2024 17.88 Est @ 4.4% 10.81
2025 18.58 Est @ 3.9% 10.33
2026 19.24 Est @ 3.55% 9.83
2027 19.87 Est @ 3.3% 9.34
2028 20.49 Est @ 3.13% 8.86
Present value of next 10 years cash flows $107.68
AMEX:CDOR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $20.49 × (1 + 2.73%) ÷ (8.75% – 2.73%)
$349.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $349.67 ÷ (1 + 8.75%)10
$151.12
AMEX:CDOR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $107.68 + $151.12
$258.81
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $258.81 / 11.98
$21.61
AMEX:CDOR Discount to Share Price
Calculation Result
Value per share (USD) From above. $21.61
Current discount Discount to share price of $9.71
= -1 x ($9.71 - $21.61) / $21.61
55.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Condor Hospitality Trust is available for.
Intrinsic value
>50%
Share price is $9.71 vs Future cash flow value of $21.61
Current Discount Checks
For Condor Hospitality Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Condor Hospitality Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Condor Hospitality Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Condor Hospitality Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Condor Hospitality Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:CDOR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.33
AMEX:CDOR Share Price ** AMEX (2019-05-24) in USD $9.71
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.61x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 17.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Condor Hospitality Trust.

AMEX:CDOR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:CDOR Share Price ÷ EPS (both in USD)

= 9.71 ÷ 0.33

29.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Condor Hospitality Trust is good value based on earnings compared to the US REITs industry average.
  • Condor Hospitality Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Condor Hospitality Trust's expected growth come at a high price?
Raw Data
AMEX:CDOR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-12.6%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.41x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

AMEX:CDOR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.01x ÷ -12.6%

-2.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Condor Hospitality Trust earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Condor Hospitality Trust's assets?
Raw Data
AMEX:CDOR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $7.95
AMEX:CDOR Share Price * AMEX (2019-05-24) in USD $9.71
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.89x
United States of America Market PB Ratio Median Figure of 5,208 Publicly-Listed Companies 1.8x
AMEX:CDOR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:CDOR Share Price ÷ Book Value per Share (both in USD)

= 9.71 ÷ 7.95

1.22x

* Primary Listing of Condor Hospitality Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Condor Hospitality Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Condor Hospitality Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Condor Hospitality Trust has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CDOR Future Performance

 How is Condor Hospitality Trust expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-12.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Condor Hospitality Trust expected to grow at an attractive rate?
  • Condor Hospitality Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Condor Hospitality Trust's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Condor Hospitality Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
AMEX:CDOR Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:CDOR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -12.6%
AMEX:CDOR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 5.2%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:CDOR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:CDOR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 70 2 1
2020-12-31 74 12 0 3
2019-12-31 66 11 -1 3
AMEX:CDOR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 64 11 4
2018-12-31 65 11 5
2018-09-30 65 11 7
2018-06-30 66 12 3
2018-03-31 62 11 5
2017-12-31 56 10 -9
2017-09-30 51 6 -7
2017-06-30 48 5 -4
2017-03-31 48 3 -1
2016-12-31 50 3 1
2016-09-30 54 3 0
2016-06-30 57 5 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Condor Hospitality Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Condor Hospitality Trust's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:CDOR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Condor Hospitality Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:CDOR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31 0.42 0.42 0.42 1.00
AMEX:CDOR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.33
2018-12-31 0.40
2018-09-30 0.60
2018-06-30 0.28
2018-03-31 0.44
2017-12-31 -1.00
2017-09-30 -1.04
2017-06-30 -0.98
2017-03-31 -1.12
2016-12-31 1.80
2016-09-30 -0.28
2016-06-30 10.84

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Condor Hospitality Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Condor Hospitality Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Condor Hospitality Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CDOR Past Performance

  How has Condor Hospitality Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Condor Hospitality Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Condor Hospitality Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • Condor Hospitality Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Condor Hospitality Trust's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
Condor Hospitality Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Condor Hospitality Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:CDOR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 64.35 3.95 6.01
2018-12-31 64.84 4.72 6.22
2018-09-30 65.40 7.00 6.92
2018-06-30 65.70 3.25 7.02
2018-03-31 62.08 5.16 6.93
2017-12-31 55.64 -9.42 6.55
2017-09-30 50.75 -7.01 6.41
2017-06-30 48.49 -3.94 5.98
2017-03-31 48.37 -1.46 5.84
2016-12-31 50.40 1.37 5.79
2016-09-30 53.52 -0.21 5.40
2016-06-30 56.66 8.24 5.58
2016-03-31 58.87 -6.44 5.56
2015-12-31 58.71 5.62 5.49
2015-09-30 58.48 -0.55 5.39
2015-06-30 58.77 -15.71 4.85
2015-03-31 58.46 -20.27 4.59
2014-12-31 58.80 -22.58 4.19
2014-09-30 56.24 -17.96 3.93
2014-06-30 54.96 -12.99 3.96
2014-03-31 53.18 0.49 3.85
2013-12-31 53.78 -1.83 3.92
2013-09-30 51.45 -10.31 3.94
2013-06-30 54.36 -11.51 3.93
2013-03-31 57.38 -15.00 3.87
2012-12-31 55.73 -11.10 3.91
2012-09-30 58.49 -8.06 3.83
2012-06-30 60.34 -7.12 3.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Condor Hospitality Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Condor Hospitality Trust used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Condor Hospitality Trust has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Condor Hospitality Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Condor Hospitality Trust has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CDOR Health

 How is Condor Hospitality Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Condor Hospitality Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Condor Hospitality Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Condor Hospitality Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Condor Hospitality Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Condor Hospitality Trust Company Filings, last reported 1 month ago.

AMEX:CDOR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 105.62 135.47 4.68
2018-12-31 107.85 136.81 4.50
2018-09-30 111.63 136.74 6.03
2018-06-30 111.35 140.35 6.63
2018-03-31 110.52 142.87 5.15
2017-12-31 111.81 112.17 5.52
2017-09-30 110.86 119.43 5.16
2017-06-30 113.67 91.23 5.93
2017-03-31 111.02 71.02 15.08
2016-12-31 70.80 49.24 8.33
2016-09-30 67.16 54.11 11.36
2016-06-30 65.44 54.37 19.00
2016-03-31 78.38 68.06 16.27
2015-12-31 48.43 44.74 4.87
2015-09-30 45.80 54.80 14.92
2015-06-30 38.98 50.92 4.12
2015-03-31 41.52 64.53 0.32
2014-12-31 40.56 45.15 0.17
2014-09-30 43.22 80.97 0.50
2014-06-30 42.39 81.74 0.64
2014-03-31 42.44 91.05 0.40
2013-12-31 44.15 76.96 0.05
2013-09-30 47.76 93.18 0.33
2013-06-30 40.98 97.38 0.44
2013-03-31 46.84 115.61 0.34
2012-12-31 51.52 89.51 0.89
2012-09-30 51.67 113.72 0.66
2012-06-30 54.77 117.63 1.17
  • Condor Hospitality Trust's level of debt (128.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (214.3% vs 128.3% today).
  • Debt is not well covered by operating cash flow (8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Condor Hospitality Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Condor Hospitality Trust has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CDOR Dividends

 What is Condor Hospitality Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.03%
Current annual income from Condor Hospitality Trust dividends. Estimated to be 8.03% next year.
If you bought $2,000 of Condor Hospitality Trust shares you are expected to receive $161 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Condor Hospitality Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Condor Hospitality Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:CDOR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:CDOR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.78 1.00
2020-12-31 0.78 2.00
2019-12-31 0.78 2.00
AMEX:CDOR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-05 0.780 8.421
2018-12-13 0.780 9.467
2018-09-10 0.780 7.661
2018-05-23 0.780 7.451
2018-03-22 0.780 7.752
2017-12-19 0.780 7.622
2017-09-21 0.780 7.711
2017-06-13 0.780 7.387
2017-03-21 0.780 7.435
2016-12-08 0.780 5.913
2016-09-16 0.780 6.695
2016-08-08 0.260 2.157
2010-11-10 0.000 0.000
2010-08-12 0.000 0.000
2010-05-07 0.000 0.000
2010-05-06 0.000 0.000
2010-04-01 0.000 0.000
2010-03-31 0.000 0.000
2009-11-09 0.000 0.000
2009-08-07 0.000 0.000
2009-08-06 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Condor Hospitality Trust has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Condor Hospitality Trust only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Condor Hospitality Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Condor Hospitality Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Condor Hospitality Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Condor Hospitality Trust has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CDOR Management

 What is the CEO of Condor Hospitality Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bill Blackham
COMPENSATION $973,081
AGE 64
TENURE AS CEO 4.2 years
CEO Bio

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 and Executive Vice President at Al. Neyer Inc. He served as the Chief Executive Officer and President at Eagle Hospitality Properties Trust Inc unitl 2007. Mr. Blackham served as an Executive Vice President and Member of Executive Management Board of Corporex Companies, LLC. He joined the firm in 1990 as Senior Vice President of Finance. Prior to this, Mr. Blackham served as an Executive Vice President at Tambone Corporation. He was responsible for included all asset purchase and sales transactions as well as project and corporate financing. Previously, he served in the real estate department at Citibank in New York City and was involved in the financing of real estate and restructuring real estate financings. He serves as a Director of Supertel Hospitality, Inc. Mr. Blackham serves as Honorary Consulate in the United States on behalf of the country of Brazil. Mr. Blackham, since 2008 is a co-owner and the managing Member of Trinity Investment Partners, LLC. Also since early 2011, he has served as the owner and managing Member of Proximo Investments & Advisors, LLC. He served as a Director of Eagle Hospitality Properties Trust Inc until 2007. Mr. Blackham is also a Member of several professional organizations including National Association of Real Estate Investment Trusts (NAREIT), the Urban Land Institute (ULI) and Pension Real Estate Association (PREA). He served in various roles, including consultant, Trustee and Manager of affiliates, for Assured Administration, LLC. He received an MBA from The Wharton School at the University of Pennsylvania and a BS from Carroll School of Management of Boston College.

CEO Compensation
  • Bill's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Bill's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Condor Hospitality Trust management team in years:

4.2
Average Tenure
43.5
Average Age
  • The tenure for the Condor Hospitality Trust management team is about average.
Management Team

Bill Blackham

TITLE
President
COMPENSATION
$973K
AGE
64
TENURE
4.2 yrs

Jonathan Gantt

TITLE
Senior VP & CFO
COMPENSATION
$475K
AGE
36
TENURE
3.6 yrs

Arinn Cavey

TITLE
Chief Accounting Officer
COMPENSATION
$231K
AGE
38
TENURE
3.7 yrs

Lauren Green

TITLE
Corporate Counsel & Secretary
TENURE
6.3 yrs

Pat Morland

TITLE
Assistant Vice President of Human Resources
AGE
49
TENURE
9.8 yrs

Mark Larimore

TITLE
Assistant Vice President of Capital Expenditures

Vicki Staab

TITLE
Assistant Vice President of Capital Expenditures
Board of Directors Tenure

Average tenure and age of the Condor Hospitality Trust board of directors in years:

4.2
Average Tenure
46
Average Age
  • The tenure for the Condor Hospitality Trust board of directors is about average.
Board of Directors

Jim Friend

TITLE
Chairman of the Board
COMPENSATION
$45K
AGE
66
TENURE
6.3 yrs

Bill Blackham

TITLE
President
COMPENSATION
$973K
AGE
64
TENURE
4.2 yrs

Don Landry

TITLE
Director
COMPENSATION
$52K
AGE
69
TENURE
7.3 yrs

John Sabin

TITLE
Director
COMPENSATION
$53K
AGE
63
TENURE
7.3 yrs

Daniel Elsztain

TITLE
Director
COMPENSATION
$45K
AGE
46
TENURE
7.3 yrs

Daphne Dufresne

TITLE
Director
COMPENSATION
$48K
AGE
45
TENURE
3.9 yrs

Brendan MacDonald

TITLE
Director
COMPENSATION
$48K
AGE
39
TENURE
3.2 yrs

Benjamin Wall

TITLE
Director
COMPENSATION
$50K
AGE
42
TENURE
1.4 yrs

Thomas Calahan

TITLE
Director
COMPENSATION
$41K
AGE
36
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Condor Hospitality Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Condor Hospitality Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CDOR News

Simply Wall St News

Is Condor Hospitality Trust, Inc.'s (NYSEMKT:CDOR) CEO Paid Enough Relative To Peers?

Check out our latest analysis for Condor Hospitality Trust How Does Bill Blackham's Compensation Compare With Similar Sized Companies? … We took a group of companies with market capitalizations below US$200m, and calculated the median CEO total compensation to be US$450k. … Thus we can conclude that Bill Blackham receives more in total compensation than the median of a group of companies in the same market, and of similar size to Condor Hospitality Trust, Inc..

Simply Wall St -

Here's What You Should Know About Condor Hospitality Trust, Inc.'s (NYSEMKT:CDOR) 8.1% Dividend Yield

On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations.. … In this case, Condor Hospitality Trust pays a decent-sized 8.1% dividend yield, and has been distributing cash to shareholders for the past three years.! … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1

Simply Wall St -

Is Condor Hospitality Trust, Inc.'s (NYSEMKT:CDOR) ROE Of 4.8% Concerning?

Our data shows Condor Hospitality Trust has a return on equity of 4.8% for the last year. … View our latest analysis for Condor Hospitality Trust? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Introducing Condor Hospitality Trust, A Stock That Climbed 52% In The Last Three Years

(NYSEMKT:CDOR) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 14% in the last quarter. … While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … During three years of share price growth, Condor Hospitality Trust moved from a loss to profitability.

Simply Wall St -

Does Condor Hospitality Trust, Inc.'s (NYSEMKT:CDOR) CEO Salary Reflect Performance?

Bill Blackham became the CEO of Condor Hospitality Trust, Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Bill Blackham's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Kind Of Shareholder Appears On The Condor Hospitality Trust, Inc.'s (NYSEMKT:CDOR) Shareholder Register?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Condor Hospitality Trust is a smaller company with a market capitalization of US$90m, so it may still be flying under the radar of many institutional investors. … institutions own shares in the company.

Simply Wall St -

Investing In Condor Hospitality Trust, Inc. (NYSEMKT:CDOR): What You Need To Know

Condor Hospitality Trust, Inc. … See our latest analysis for Condor Hospitality Trust … FFO is a cleaner and more representative figure of how much CDOR actually makes from its day-to-day operations, compared to net income, which can be affected by one-off activities or non-cash items such as depreciation

Simply Wall St -

Why Condor Hospitality Trust Inc (NYSEMKT:CDOR) Is An Attractive Investment To Consider

Condor Hospitality Trust Inc (NYSEMKT:CDOR) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … that has been a rockstar for income investors, currently trading at an attractive share price

Simply Wall St -

How Much is Condor Hospitality Trust Inc's (NYSEMKT:CDOR) CEO Getting Paid?

Bill Blackham became the CEO of Condor Hospitality Trust Inc (NYSEMKT:CDOR) in 2015. … Our data indicates that Condor Hospitality Trust Inc is worth US$126m, and total annual CEO compensation is US$3m. … It would therefore appear that Condor Hospitality Trust Inc pays Bill Blackham more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

What You Must Know About Condor Hospitality Trust Inc's (NYSEMKT:CDOR) Return on Equity

This analysis is intended to introduce important early concepts to people who are starting to invest. … Condor Hospitality Trust Inc (NYSEMKT:CDOR) delivered an ROE of 5.51% over the past 12 months, which is relatively in-line with its industry average of 7.38% during the same period. … See our latest analysis for Condor Hospitality Trust

Simply Wall St -

CDOR Company Info

Description

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 16 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.

Details
Name: Condor Hospitality Trust, Inc.
CDOR
Exchange: AMEX
Founded: 1994
$116,314,895
$115,750,725
11,978,877
Website: http://www.condorhospitality.com
Address: Condor Hospitality Trust, Inc.
4800 Montgomery Lane,
Suite 220,
Bethesda,
Maryland, 20814,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX CDOR Common Stock NYSE MKT LLC US USD 30. Nov 1994
Number of employees
Current staff
Staff numbers
14
Condor Hospitality Trust employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 23:59
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.