AMEX:CDOR

Stock Analysis Report

Condor Hospitality Trust

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.


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

CDORIndustryMarket
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 Year37.8%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 Year25.9%-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

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

company7.2%marketbottom25%1.4%markettop25%3.7%industryaverage3.5%forecastin3Years7.2%

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

NamePositionTenureCompensationOwnership
J. Blackham
President4.9yrsUS$973.08k1.88% $2.4m
Arinn Cavey
Interim CFO & Chief Accounting Officer0yrsUS$230.82k0.060% $77.8k
Lauren Green
Corporate Counsel & Secretary7.1yrsno datano data
Patricia Morland
Assistant Vice President of Human Resources10.5yrsno datano data
Mark Larimore
Assistant Vice President of Capital Expenditures0yrsno datano data
Vicki Staab
Assistant Vice President of Capital Expenditures0yrsno datano 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

NamePositionTenureCompensationOwnership
J. Blackham
President4.9yrsUS$973.08k1.88% $2.4m
Daphne Dufresne
Chairman of Board0.8yrsUS$47.76k0.088% $113.8k
Donald Landry
Independent Director8yrsUS$52.24k0.10% $131.9k
Daniel Elsztain
Independent Director8yrsUS$44.51k0.044% $56.9k
Brendan MacDonald
Independent Director3.9yrsUS$48.16kno data
Benjamin Wall
Independent Director2.2yrsUS$50.00k0.062% $80.5k
Thomas Calahan
Independent Director1.9yrsUS$40.86k0.037% $47.5k
Noah Davis
Director0.8yrsno data0.028% $36.6k
Matías Gaivironsky
Director0.8yrsno data0.0031% $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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CDORAMEX (NYSE MKT LLC)YesCommon StockUSUSDNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 00:47
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.