OTCPK:PTTT.S

Stock Analysis Report

Palmetto Real Estate Trust

Executive Summary

Palmetto Real Estate Trust operates as a real estate investment trust (REIT) in the United States.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Palmetto Real Estate Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PTTT.S has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

PTTT.S

1.5%

US REITs

0.06%

US Market


1 Year Return

22.3%

PTTT.S

16.6%

US REITs

19.4%

US Market

Return vs Industry: PTTT.S exceeded the US REITs industry which returned 16.6% over the past year.

Return vs Market: PTTT.S exceeded the US Market which returned 19.4% over the past year.


Shareholder returns

PTTT.SIndustryMarket
7 Day0%1.5%0.06%
30 Day2.6%4.4%1.1%
90 Day2.6%7.5%8.9%
1 Year31.8%22.3%21.4%16.6%21.9%19.4%
3 Year24.2%1.9%39.0%21.6%48.9%39.3%
5 Year59.8%13.7%59.5%26.7%71.9%53.1%

Price Volatility Vs. Market

How volatile is Palmetto Real Estate Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Palmetto Real Estate Trust undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Palmetto Real Estate Trust is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Palmetto Real Estate Trust has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of PTTT.S’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.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Palmetto Real Estate Trust regulatory filings here.
  • Explore potentially undervalued companies in the Real Estate industry.

Future Growth

How is Palmetto Real Estate Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.1%

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 Palmetto Real Estate 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 SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of PTTT.S’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.
  • 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 Palmetto Real Estate Trust's filings and announcements here.
  • Explore growth companies in the Real Estate industry.

Past Performance

How has Palmetto Real Estate Trust performed over the past 5 years?

15.4%

Historical Real Estate annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Palmetto Real Estate Trust has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is Palmetto Real Estate Trust's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse Palmetto Real Estate Trust's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Palmetto Real Estate Trust has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of PTTT.S’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.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. 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.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Palmetto Real Estate Trust's financial data was last updated here.
  • Explore more healthy companies in the Real Estate industry.

Dividend

What is Palmetto Real Estate Trust's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate PTTT.S's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate PTTT.S's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PTTT.S's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PTTT.S's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PTTT.S's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.8yrs

Average management tenure


CEO

Williams Ables (96yo)

14.8yrs

Tenure

0

William J. Ables is a retired District Sales Manager for State Farm Insurance Company. He was elected a Trustee in 1988. He served as President of the Trust from 1991 to 2005 and currently serves as Chairm ...


Leadership Team

NamePositionTenureCompensationOwnership
Williams Ables
Chairman & CEO14.8yrsno datano data
C. Younts
President & Trustee30.1yrsno datano data
Bill Franks
CFO, Treasurer & Trustee17.8yrsno datano data
Ashley Sweat
Office Manager0yrsno datano data
Rudy Ables
VP & Trustee16.1yrsno datano data
Melvin Younts
Secretary & Trustee49.1yrsno datano data
Ted LeCroy
0yrsno datano data

14.8yrs

Average Tenure

76.5yo

Average Age

Experienced Management: PTTT.S's management team is seasoned and experienced (14.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Williams Ables
Chairman & CEO14.8yrsno datano data
C. Younts
President & Trustee30.1yrsno datano data
Bill Franks
CFO, Treasurer & Trustee17.8yrsno datano data
Rudy Ables
VP & Trustee16.1yrsno datano data
Melvin Younts
Secretary & Trustee49.1yrsno datano data
Billy Huskey
22.1yrsno datano data
S. Howard
25.1yrsno datano data
James Boling
16.1yrsno datano data

23.6yrs

Average Tenure

74.5yo

Average Age

Experienced Board: PTTT.S's board of directors are seasoned and experienced ( 23.6 years average tenure).


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.


Top Shareholders

Company Information

Palmetto Real Estate Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Palmetto Real Estate Trust
  • Ticker: PTTT.S
  • Exchange: OTCPK
  • Founded: 1972
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: US$15.514m
  • Shares outstanding: 1.95m
  • Website: https://www.palmetto-trust.com

Location

  • Palmetto Real Estate Trust
  • 45 Liberty Lane
  • Greenville
  • South Carolina
  • 29607
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTTT.SOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 1996

Biography

Palmetto Real Estate Trust operates as a real estate investment trust (REIT) in the United States. The trust owns, develops, and rents various commercial properties for restaurants, department stores, convenience food stores, grocery stores, and various other retail establishments. It owns and leases commercial properties throughout South Carolina, primarily in the Greenville, South Carolina. Palmetto Real Estate Trust qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 85% of its taxable income to its shareholders. The trust, formerly known as Palmetto Industrial Corporation, was founded in 1972 and is based in Greenville, South Carolina. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 01:13
End of Day Share Price2020/02/12 00:00
Earnings2006/09/30
Annual Earnings2005/12/31


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.