Excel download Email page PDF view Print view Email Alert Social media sharing

Highlights


Financial Highlights
2019 FQ3 YTD
9/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Balance Sheet ($000)
Gross Depreciable Property 250,877 249,359 222,493 112,361 144,417
Net Property Investment 224,311 229,855 206,649 96,095 106,479
Property Held for Sale: Nondepreciable 0 4,092 12,655 18,713 23,767
Construction in Progress 65 323 276 63 453
Senior Secured Debt 134,017 136,930 120,581 62,720 86,011
Total Debt 135,441 137,930 121,650 64,035 86,011
Total Liabilities 143,852 145,596 131,166 69,866 100,189
Equity Attributable to Parent Company 99,519 107,004 110,406 67,972 32,616
Noncontrolling Interests 665 848 1,408 2,827 1,879
Total Equity 100,184 107,852 111,814 70,799 34,495
Market Capitalization($M) 131.70 81.90 117.70 10.10 6.20
Implied Market Cap($M) 132.30 82.30 118.60 12.10 7.40
Total Capitalization($M) 277.10 229.50 249.70 139.60 145
Total Enterprise Value($M) 272.10 225.40 244.20 131.30 140.20
Total Enterprise Value Plus JV Debt($M) 299.10 252.20 270.90 157.80 140.20
Income Statement ($000)
NOI 17,480 24,049 18,319 13,555 15,155
Gain on Sale of Real Estate 7 5,413 6,800 23,130 4,802
Interest Expense 6,169 8,326 5,174 4,710 5,445
Revenue 46,347 65,230 55,975 56,837 69,033
Expense 48,942 65,138 60,469 56,998 63,495
Extraordinary Items 0 0 0 678 3,982
Net Income (3,243) 5,170 2,901 23,522 14,322
Net Income Attributable to Noncontrolling Int (17) (195) 20 727 1,197
Net Income Attributable to Parent (3,226) 5,365 2,881 22,795 13,125
Net Income Avail to Common (3,688) 4,720 (9,418) 2,047 9,493
FFO 4,806 10,294 6,290 6,755 15,635
Operating Funds from Operations, as Reported 9,926 12,865 10,963 319 1,355
Modified FFO NA NA NA NA NA
Financial Analysis
ROAA(%) (1.74) 1.99 1.37 15.93 10.68
ROAE(%) (4.16) 4.66 2.78 38.63 59.68
Implied Capitalization Rate(%) 9.92 10.05 9.94 14.53 16.95
Dividend Payout Ratio(%) NM 195 NM 50 NA
Dividend Yield(%) 7.06 11.32 7.84 5.88 0
FFO Payout(%) 158.11 96.30 NM NM NA
FFO/ Total Revenue(%) 10.37 15.78 11.24 11.88 22.65
Price/ LTM FFO(x) 23 8.50 NM NM NA
Price/ LTM AFFO(x) NA NA NA NA NA
Price/ Last-twelve-months EPS(x) NM 17.20 NM 14.60 NM
Recurring EBITDA/ Interest Expense(x) 2.05 2.14 2.13 2.85 3.80
Recurring EBITDA/ Interest Expense + Pref. Div.(x) 1.91 2 0.63 0.53 2.28
Debt and Preferred/ TEV(%) 57.45 69.01 58.23 97.60 98.21
Total Debt/ Gross Properties(%) 53.99 55.31 54.68 56.99 59.56
Loans/ Assets(%) 0 0 0 0 0
Credit Lines Drawn/ Available(%) 90.59 92.34 86 0 56.08
Changes and Trends (%)
FFO Growth (44.87) 63.66 (6.88) (56.80) NM
FFO/Share Growth (46.40) NM NM NA NA
EPS Growth, before Extraordinary NM NM NM NM NM
Real Estate Investment Growth (6.17) 5.63 83.47 (5.20) (6.09)
Per Share Information ($)
Common Shares Outstanding 11,916,309 11,886,003 11,833,573 762,590 760,289
Closing Price 11.05 6.89 9.95 13.26 8.13
Basic EPS before Extra (0.31) 0.40 (1) 1.82 7.93
Diluted EPS before Extra (0.31) 0.40 (1) 0.78 (0.98)
FFO/ Share 0.37 0.81 (0.22) (15.40) NA
Operating FFO per Share, as Reported 0.78 1.02 0.98 0.35 NA
Modified FFO per Share NA NA NA NA NA
Common Dividends Declared per Share 0.39 0.78 0.78 0.46 0
NAV per Share, as Reported NA NA NA NA NA
Debt Maturity Schedule ($000)
Debt Maturing: Current FY 0 0 0 11,431 0
Debt Maturing: Next FY 86,845 89,487 0 13,927 44,187
Debt Maturing: FY2 14,407 14,786 73,303 0 18,299
Debt Maturing: FY3 25,723 26,048 15,330 22,106 0
Debt Maturing: FY4 0 0 26,465 15,925 25,050
Debt Maturing: Thereafter 8,684 8,817 8,987 0 0
Principal Payments Schedule ($000)
Debt Due this Fiscal Year 299 1,136 1,083 12,907 2,732
Debt Due during Next Fiscal Year 88,076 90,718 1,183 14,668 43,349
Debt Due during Second Fiscal Year 14,344 14,344 74,535 1,172 18,312
Debt Due during Third Fiscal Year 24,886 24,886 14,344 20,970 686
Debt Due during Fourth Fiscal Year 214 214 24,886 13,672 22,457
Debt Due Thereafter 7,840 7,840 8,054 0 0
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.