Company Information

  

Address: 345 PARK AVENUE  
City: NEW YORK 
State: NY 
Zip Code: 10154 
Telephone: 212-715-3170 

Description of Business

Primary SIC Code: 6798
(As filed with the SEC)  

We are a leading commercial real estate finance company structured as an internally-managed REIT. We conduct our business through three commercial real estate-related business lines: loans, securities, and real estate investments. We believe that our in-house origination platform, ability to flexibly allocate capital among complementary product lines, credit-centric underwriting approach, access to diversified financing sources, and experienced management team position us well to deliver attractive returns on equity to our shareholders through economic and credit cycles. Our businesses, including balance sheet lending, conduit lending, securities investments, and real estate investments, provide for a stable base of net interest and rental income. We have originated $20.0 billion of commercial real estate loans from our inception through December 31, 2017.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20181.510.3159.99
12/20171.130.31512.06
09/20171.250.30011.02
06/20171.450.3009.25
03/20171.350.30010.70
12/20161.060.30012.94
09/20160.910.27514.55
06/20160.520.27523.46

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.07Total Liab/Total Assets0.80
Net Inc/Total Assets0.02Total Liab/Inv Cap2.91
Net Inc/Inv Cap0.06Total Liab/Comm Equity3.76
Pretax Inc/Net Sales0.79Interest Coverage Ratio1.91
Net Inc/Net Sales0.56Curr Debt/Equity3.55
Cash Flow/Net Sales0.07LTD/Equity0.00
SG&A/NetSales0.54Total Debt/Equity3.55
Asset Utilization   Liquidity  
Net Receivables Turnover0.06Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&ENA  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 39.28 87.59 28.87 27.92
Cost of Goods Sold 9.66 9.80 10.59 9.68
Selling & Admin Exps 22.64 32.00 18.05 20.32
Operating Income -3.85 34.79 -10.37 -12.20
Interest Exp 44.71 36.49 42.61 35.60
Pretax Income 71.70 73.30 30.05 11.98
Other Income 120.21 74.98 82.91 59.78
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 50.86 47.11 24.17 10.67

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 113.16 182.68 97.38 155.49
Receivables - Total 3,822.05 3,534.52 4,003.38 3,475.90
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment NA NA NA NA
Total Assets 6,231.29 6,025.62 6,412.04 6,218.12
Liabilities        
Accounts Payable 41.74 91.82 57.54 59.64
Debt in Current Liabilities 4,624.61 4,379.83 4,196.55 3,998.80
Total Current Liabilities NA NA NA NA
Long-Term Debt 0.00 2.61 2.71 4.28
Total Liabilities 4,921.86 4,790.65 5,287.68 5,091.21
Stockholder's Equity        
Minority Interest 193.86 253.18 341.16 340.76
Preferred Stock NA NA NA NA
Common Stock 0.11 0.11 0.11 0.11
Retained Earnings -18.66 -39.11 -57.05 -54.87
Treasury Stock -32.68 -31.96 -24.50 -24.50
Total Stockholders' Equity 1,309.44 1,234.97 1,124.36 1,126.91
Total Liabilities and Stockholders' Equity 6,231.29 6,025.62 6,412.04 6,218.12

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities -65.12 797.30 -281.84 -260.30
Net Cash Provided by Investing Activities -182.11 -361.14 58.67 -233.74
Net Cash Provided by Financing Activities 177.70 -350.85 165.06 532.52

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013195.30193.03--
12/2014222.8146.030.86
12/2015176.6474.191.42
12/2016130.6172.541.06
12/2017169.0695.291.13
Growth Rates-3.54-16.18--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1819462,74264.05




Report Date : 7/16/2018

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