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Pacific Office Properties Trust

OTCPK:PCFO
Snowflake Description

Imperfect balance sheet with poor track record.

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

Pacific Office Properties Trust, Inc. is a real estate investment trust that owns and operates institutional quality office properties in Hawaii and Phoenix. The last earnings update was 145 days ago. More info.


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  • Pacific Office Properties Trust has significant price volatility in the past 3 months.
PCFO Share Price and Events
7 Day Returns
-23.1%
OTCPK:PCFO
0.6%
US REITs
2.3%
US Market
1 Year Returns
-70.6%
OTCPK:PCFO
16.3%
US REITs
9.4%
US Market
PCFO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pacific Office Properties Trust (PCFO) -23.1% 137.6% 78.2% -70.6% -96.6% -71%
US REITs 0.6% 3.8% 16.4% 16.3% 10.5% 28.9%
US Market 2.3% 1.7% 15.1% 9.4% 39.4% 46.7%
1 Year Return vs Industry and Market
  • PCFO underperformed the REITs industry which returned 16.3% over the past year.
  • PCFO underperformed the Market in United States of America which returned 9.4% over the past year.
Price Volatility
PCFO
Industry
5yr Volatility vs Market

PCFO Value

 Is Pacific Office Properties 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 Pacific Office Properties 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 Pacific Office Properties Trust.

OTCPK:PCFO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.7%
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 OTCPK:PCFO
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 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.544 (1 + (1- 21%) (23412.13%))
68.146
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for OTCPK:PCFO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pacific Office Properties 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.

OTCPK:PCFO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 0.00 Est @ -99.5% 0.00
2020 0.00 Est @ -68.83% 0.00
2021 0.00 Est @ -47.36% 0.00
2022 0.00 Est @ -32.33% 0.00
2023 0.00 Est @ -21.82% 0.00
2024 0.00 Est @ -14.45% 0.00
2025 0.00 Est @ -9.3% 0.00
2026 0.00 Est @ -5.69% 0.00
2027 0.00 Est @ -3.16% 0.00
2028 0.00 Est @ -1.4% 0.00
Present value of next 10 years cash flows $0.00
OTCPK:PCFO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.00 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$0.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $0.00 ÷ (1 + 14.65%)10
$0.00
OTCPK:PCFO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $0.00 + $0.00
$0.00
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $0.00 / 17.13
$0
OTCPK:PCFO Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.00
Current discount Discount to share price of $0.05
= -1 x ($0.05 - $0.00) / $0.00
-20866%

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

  • The current share price of Pacific Office Properties Trust is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Pacific Office Properties Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pacific Office Properties Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PCFO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-3.80
OTCPK:PCFO Share Price ** OTCPK (2019-04-02) in USD $0.05
United States of America REITs Industry PE Ratio Median Figure of 152 Publicly-Listed REITs Companies 31.62x
United States of America Market PE Ratio Median Figure of 3,065 Publicly-Listed Companies 17.78x

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

** Primary Listing of Pacific Office Properties Trust.

OTCPK:PCFO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:PCFO Share Price ÷ EPS (both in USD)

= 0.05 ÷ -3.80

-0.01x

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

  • Pacific Office Properties Trust is loss making, we can't compare its value to the US REITs industry average.
  • Pacific Office Properties Trust is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Pacific Office Properties Trust's expected growth come at a high price?
Raw Data
OTCPK:PCFO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America REITs Industry PEG Ratio Median Figure of 139 Publicly-Listed REITs Companies -0.14x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Pacific Office Properties Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pacific Office Properties Trust's assets?
Raw Data
OTCPK:PCFO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $-44.96
OTCPK:PCFO Share Price * OTCPK (2019-04-02) in USD $0.05
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.88x
United States of America Market PB Ratio Median Figure of 5,159 Publicly-Listed Companies 1.9x
OTCPK:PCFO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:PCFO Share Price ÷ Book Value per Share (both in USD)

= 0.05 ÷ -44.96

-0x

* Primary Listing of Pacific Office Properties Trust.

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

  • Pacific Office Properties Trust has negative assets, we can't compare the value of its assets to the US REITs industry average.
X
Value checks
We assess Pacific Office Properties 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. Pacific Office Properties Trust has a total score of 0/6, 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.

PCFO Future Performance

 How is Pacific Office Properties Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Pacific Office Properties Trust 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
0.9%
Expected REITs industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pacific Office Properties Trust expected to grow at an attractive rate?
  • Unable to compare Pacific Office Properties Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Pacific Office Properties Trust's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Pacific Office Properties Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:PCFO Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 0.9%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
OTCPK:PCFO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PCFO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 44 1 -15
2018-06-30 45 3 -5
2018-03-31 45 2 -4
2017-12-31 47 4 -4
2017-09-30 40 3 -2
2017-06-30 42 -1 -3
2017-03-31 44 0 -3
2016-12-31 45 -1 -4
2016-09-30 45 -1 -4
2016-06-30 46 2 -4
2016-03-31 45 1 -4
2015-12-31 45 1 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Pacific Office Properties Trust is high growth as no earnings estimate data is available.
  • Unable to determine if Pacific Office Properties Trust is high growth as no revenue estimate data is available.
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
OTCPK:PCFO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Pacific Office Properties Trust Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PCFO Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -3.80
2018-06-30 -1.19
2018-03-31 -1.09
2017-12-31 -0.99
2017-09-30 -0.44
2017-06-30 -0.66
2017-03-31 -0.76
2016-12-31 -1.00
2016-09-30 -1.00
2016-06-30 -0.94
2016-03-31 -1.00
2015-12-31 -0.97

*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 Pacific Office Properties Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of PCFO’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Pacific Office Properties Trust's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. 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 Pacific Office Properties Trust's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Pacific Office Properties 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.
Pacific Office Properties 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.

PCFO Past Performance

  How has Pacific Office Properties 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 Pacific Office Properties 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.
  • Pacific Office Properties Trust does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Pacific Office Properties Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pacific Office Properties Trust's 1-year growth to the US REITs industry average as it is not currently profitable.
Earnings and Revenue History
Pacific Office Properties 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 Pacific Office Properties Trust Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PCFO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 44.33 -15.24 1.68
2018-06-30 44.65 -4.72 1.63
2018-03-31 44.76 -4.32 1.89
2017-12-31 46.84 -3.93 1.96
2017-09-30 40.07 -1.74 2.03
2017-06-30 41.68 -2.61 2.06
2017-03-31 44.05 -3.02 1.81
2016-12-31 44.56 -3.93 1.74
2016-09-30 44.79 -3.93 1.72
2016-06-30 45.69 -3.70 1.73
2016-03-31 44.97 -3.94 1.71
2015-12-31 44.61 -3.81 1.68
2015-09-30 44.20 -3.56 1.30
2015-06-30 43.82 -3.83 1.66
2015-03-31 44.12 -3.85 1.70
2014-12-31 43.87 -4.13 1.69
2014-09-30 42.68 -3.64 2.00
2014-06-30 43.35 -5.71 1.71
2014-03-31 42.93 -5.47 1.77
2013-12-31 44.45 -5.20 1.81
2013-09-30 45.18 -7.36 1.91
2013-06-30 44.97 -5.20 1.69
2013-03-31 46.10 -10.07 1.75
2012-12-31 46.98 -12.29 4.04
2012-09-30 51.76 -9.54 6.22
2012-06-30 51.80 -9.64 8.35

*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.
  • It is difficult to establish if Pacific Office Properties Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Pacific Office Properties Trust used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • It is difficult to establish if Pacific Office Properties Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pacific Office Properties 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.
Pacific Office Properties Trust has a total score of 1/6, 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.

PCFO Health

 How is Pacific Office Properties 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 Pacific Office Properties Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pacific Office Properties Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pacific Office Properties Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pacific Office Properties 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.
  • Pacific Office Properties Trust has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Pacific Office Properties Trust Company Filings, last reported 6 months ago.

OTCPK:PCFO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -162.49 260.23 1.67
2018-06-30 -169.90 334.53 0.26
2018-03-31 -164.87 334.16 1.20
2017-12-31 -159.99 333.61 1.59
2017-09-30 -155.00 333.19 2.63
2017-06-30 -150.23 332.86 2.65
2017-03-31 -145.00 332.40 4.04
2016-12-31 -142.18 332.13 1.43
2016-09-30 -137.31 332.19 2.36
2016-06-30 -132.20 320.00 1.66
2016-03-31 -128.20 320.24 2.63
2015-12-31 -124.19 320.15 3.82
2015-09-30 -119.35 320.28 4.44
2015-06-30 -115.27 320.24 6.48
2015-03-31 -110.24 320.21 7.52
2014-12-31 -105.91 320.17 6.90
2014-09-30 -100.81 326.56 8.99
2014-06-30 -95.37 320.10 11.19
2014-03-31 -89.23 326.74 13.39
2013-12-31 -84.53 318.50 15.36
2013-09-30 -78.76 318.59 16.50
2013-06-30 -64.99 318.68 19.13
2013-03-31 -59.86 318.77 21.41
2012-12-31 -56.38 318.86 21.30
2012-09-30 -45.14 318.95 22.27
2012-06-30 -40.46 319.04 25.03
  • Pacific Office Properties Trust has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Pacific Office Properties Trust's debt level has increased considering it has negative shareholder equity.
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.

  • Whilst loss making Pacific Office Properties Trust has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Pacific Office Properties Trust has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -46.5% per year.
X
Financial health checks
We assess Pacific Office Properties 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. Pacific Office Properties 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.

PCFO Dividends

 What is Pacific Office Properties 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
0%
Current annual income from Pacific Office Properties Trust dividends.
If you bought $2,000 of Pacific Office Properties Trust shares you are expected to receive $0 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?
  • Unable to evaluate Pacific Office Properties Trust's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pacific Office Properties Trust's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
OTCPK:PCFO 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 0 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2002 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:PCFO Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2012-11-09 0.000 0.000
2012-08-17 0.000 0.000
2012-05-15 0.000 0.000
2012-03-28 0.000 0.000
2011-11-15 0.000 0.000
2011-08-15 0.000 0.000
2011-08-12 0.000 0.000
2011-05-16 0.000 0.000
2010-12-22 0.044 1.800
2010-09-21 0.200 4.521
2010-05-11 0.200 4.393
2010-03-16 0.200 4.806
2009-12-04 0.200 5.061
2009-09-11 0.200 5.347
2009-05-14 0.200 5.127
2009-05-07 0.200 4.164
2009-04-07 0.200 4.146

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

  • Unable to perform a dividend volatility check as Pacific Office Properties Trust has not reported any payouts.
  • Unable to verify if Pacific Office Properties Trust's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pacific Office Properties Trust's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pacific Office Properties Trust has not reported any payouts.
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 Pacific Office Properties 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 Pacific Office Properties Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pacific Office Properties Trust has a total score of 0/6, see the detailed checks below.


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

PCFO Management

 What is the CEO of Pacific Office Properties 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
Lawrence Taff
COMPENSATION $0
AGE 60
TENURE AS CEO 7.1 years
CEO Bio

Mr. Lawrence J. Taff has been Chief Executive Officer, President, Chief Financial Officer and Treasurer of Pacific Office Properties Trust, Inc. since March 29, 2012. Mr. Taff serves as the Chief Executive Officer at City Center Land Company, LLC. Mr. Taff is the Founder of TZ of Madison Inc. and serves as its President. He has been Managing Partner of The Shidler Group, Inc. since 1995 where he is responsible for overseeing financial management and property operations in Hawaii. He served as an Executive Vice President at Pacific Office Properties Trust, Inc. since September 2009, Executive Vice President of Honolulu Operations since September 2009 and served as its Interim Chief Financial Officer from September 2009 to April 2010. Mr. Taff served as Executive Vice President and Principal of Pacific Office Management, Inc. since February 2008. He served as an Executive Vice President of Honolulu Operations at Arizona Land Income Corp. since January 2009. He served as the President NARI of Madison from 1998 to 1999. He served as President of NBA from 1998 to 1999 and Capital Square Optimist Club from 1988 to 1989. Mr. Taff began his career with Arthur Andersen LLP in 1980 where he rose to the position of Tax Partner in 1993 and was responsible for real estate consulting as well as tax compliance and consulting. Mr. Taff has been a Director at National Association of the Remodeling Industry of Madison, Inc. (NARI of Madison) since 1993. He serves as a Trustee at The University of Hawaii Foundation. He has been Charter Member of North Side Business Association since 1992. Mr. Taff has been a Member of Madison Board of Realtors/ RASCW since 1987 and is a Member of WWOA (Wisconsin Woodland Owners Association). He is a Member of both the American Institute of Certified Public Accountant and Howaii Society of Certified Public Accountant. He holds a Bachelors Degree in Accounting from California Polytechnic University, Pomana.

CEO Compensation
  • Lawrence's compensation has been consistent with company performance over the past year.
  • Insufficient data for Lawrence to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Lawrence Taff

TITLE
President
AGE
60
TENURE
7.1 yrs

Kimberly Aquino

TITLE
VP & Corporate Secretary
AGE
53
TENURE
8.2 yrs
Board of Directors

Jay Shidler

TITLE
Chairman of the Board
AGE
72
TENURE
11.1 yrs

Mike Brennan

TITLE
Director
COMPENSATION
$45K
AGE
61
TENURE
11.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Pacific Office Properties 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. Pacific Office Properties 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.

PCFO News

Simply Wall St News

PCFO Company Info

Description

Pacific Office Properties Trust, Inc. is a real estate investment trust that owns and operates institutional quality office properties in Hawaii and Phoenix. The company owns five office properties comprising seven buildings including interest in three joint ventures, comprising 2.0 million rentable square feet. Pacific Office Properties is externally advised by Shidler Pacific Advisors, LLC. Its common stock is currently quoted on the OTCQB Marketplace under the symbol PCFO.

Details
Name: Pacific Office Properties Trust, Inc.
PCFO
Exchange: OTCPK
Founded: 2005
$1,111,522
$150,981
17,126,693
Website: http://www.pacificofficeproperties.com
Address: Pacific Office Properties Trust, Inc.
841 Bishop Street,
Suite 1700,
Honolulu,
Hawaii, 96813,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK PCFO Class A Common Stock Pink Sheets LLC US USD 20. Mar 2008
Number of employees
Current staff
Staff numbers
0
Pacific Office Properties Trust employees.
Industry
Office REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/03 00:19
End of day share price update: 2019/04/02 00:00
Last earnings filing: 2018/11/09
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.