Capital Properties, Inc., together with its subsidiaries, engages in leasing land in downtown Providence, Rhode Island under long-term ground leases.
Outstanding track record with flawless balance sheet.
Share Price & News
How has Capital Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CPTP's share price has been volatile over the past 3 months.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: CPTP exceeded the US Real Estate industry which returned -17.4% over the past year.
Return vs Market: CPTP underperformed the US Market which returned 8.4% over the past year.
Price Volatility Vs. Market
How volatile is Capital Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Capital Properties 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: CPTP ($12) is trading above our estimate of fair value ($4.5)
Significantly Below Fair Value: CPTP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CPTP is poor value based on its PE Ratio (32.9x) compared to the Real Estate industry average (15.7x).
PE vs Market: CPTP is poor value based on its PE Ratio (32.9x) compared to the US market (16x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CPTP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CPTP is overvalued based on its PB Ratio (11.8x) compared to the US Real Estate industry average (1.1x).
How is Capital Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Capital Properties has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Check out Capital Properties's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Capital Properties's filings and announcements here.
- Explore growth companies in the Real Estate industry.
How has Capital Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CPTP has high quality earnings.
Growing Profit Margin: CPTP's current net profit margins (47.6%) are higher than last year (16.1%).
Past Earnings Growth Analysis
Earnings Trend: CPTP's earnings have grown by 1.7% per year over the past 5 years.
Accelerating Growth: CPTP's earnings growth over the past year (186.5%) exceeds its 5-year average (1.7% per year).
Earnings vs Industry: CPTP earnings growth over the past year (186.5%) exceeded the Real Estate industry -6.4%.
Return on Equity
High ROE: CPTP's Return on Equity (36%) is considered high.
How is Capital Properties's financial position?
Financial Position Analysis
Short Term Liabilities: CPTP's short term assets ($2.0M) exceed its short term liabilities ($1.3M).
Long Term Liabilities: CPTP's short term assets ($2.0M) exceed its long term liabilities ($862.0K).
Debt to Equity History and Analysis
Debt Level: CPTP is debt free.
Reducing Debt: CPTP has no debt compared to 5 years ago when its debt to equity ratio was 416.1%.
Debt Coverage: CPTP has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CPTP has no debt, therefore coverage of interest payments is not a concern.
What is Capital Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CPTP's dividend (3.75%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: CPTP's dividend (3.75%) is low compared to the top 25% of dividend payers in the US market (4.45%).
Stability and Growth of Payments
Stable Dividend: CPTP's dividend payments have been volatile in the past 10 years.
Growing Dividend: CPTP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (76.7%), CPTP's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Robert Eder (86yo)
Mr. Robert H. Eder serves as the Chief Executive Officer of Capital Properties Inc. and its President since October 31, 2018. Mr. Eder served as the President at Capital Properties Inc. since January 1, 20 ...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD314.82K) is below average for companies of similar size in the US market ($USD587.77K).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
|Chairman||no data||US$314.82k||52.33% $41.4m|
|CFO, Principal Accounting Officer||2.42yrs||US$143.66k||no data|
|Managing Director for Perry Cabin Resorts & Golf||1.33yrs||no data||no data|
|Secretary||22.33yrs||no data||no data|
Experienced Management: CPTP's management team is considered experienced (2.4 years average tenure).
|Chairman||no data||US$314.82k||52.33% $41.4m|
|Independent Director||15.33yrs||US$24.00k||0.031% $24.5k|
|Independent Director||5.17yrs||US$24.25k||0.0015% $1.2k|
Experienced Board: CPTP's board of directors are seasoned and experienced ( 15.3 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.
Capital Properties, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Capital Properties, Inc.
- Ticker: CPTP
- Exchange: OTCPK
- Founded: 1977
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: US$79.199m
- Shares outstanding: 6.60m
- Website: https://www.capitalproperties.com
Number of Employees
- Capital Properties, Inc.
- 5 Steeple Street
- Unit 303
- Rhode Island
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CPTP||OTCPK (Pink Sheets LLC)||Yes||Class A Common Stock||US||USD||Jan 1975|
Capital Properties, Inc., together with its subsidiaries, engages in leasing land in downtown Providence, Rhode Island under long-term ground leases. It owns approximately 18 acres in the Capital Center consisting of 13 individual parcels; owns and leases Parcel 20, an undeveloped parcel of land adjacent to the Capital Center for public parking purposes on a short-term basis; and leases 23 outdoor advertising locations containing 44 billboard faces along interstate and primary highways in Rhode Island and Massachusetts. The company was formerly known as Providence and Worcester Company and changed its name to Capital Properties, Inc. in 1984. Capital Properties, Inc. was founded in 1977 and is based in Providence, Rhode Island.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/29 11:15|
|End of Day Share Price||2020/05/28 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.