Corenergy Infrastructure Trust, Inc.

Symbol: CORR
CIK: 1347652
Exchange: NYSE
Founded: 2005 (14 years)
HQ: Leawood, KS, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Infrastructure

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Overall Score: 8.7

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day November 19, 2019


Open Price: $45.07
Closing Price: $44.52
Price Change: -0.4 (-0.89%)
Lowest Price: $44.45
Highest Price: $45.34

52-Week Low: $32.52
52-Week High: $49.75
52-Week Change: 27.90%

5 Day Price Change: 0.38%
1 Month Price Change: -4.47%
3 Month Price Change: -0.73%
6 Month Price Change: 12.95%
YTD Price Change: 33.57%
1 Year Price Change: 27.90%
2 Year Price Change: 25.95%
5 Year Price Change: 31.21%

Dividend of Trading Day November 19, 2019


Dividend Yield: 1.685%*
Annualized Dividend: $0.75*
Dividend Yield (TTM): 6.679%
Annualized Dividend (TTM): $3
Ex Dividend Date: 2019-11-14
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day November 19, 2019


Total Cash: $69,287,177
Current Debt: $3,528,000
Revenue: $87,386,289
Gross Profit: $55,228,088
Total Revenue: $87,386,289
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $67,132,690
Revenue Per Share: $6
Revenue Per Employee: $3,972,104
Employee: 22
Debt to Equity Ratio (D/E): 0.33
Profit Margin: 0.50%
Enterprise Value (EV): $684,547,553
Enterprise Value to Revenue (EV/R): 7.83
Price to Sales (P/S): 6.91
Price to Book (P/B): 1.33
Peg Ratio: -0.16
P/E Ratio: 77.01
P/E High: 85.78
P/E Low: 56.07
Forward P/E Ratio: -103.74
Market Capitalization: $602,578,200
Beta: 0.54
Latest Volume: 112,129.00
Avg. Total Volume: 102,684
Avg. 10 Volume: 133,276.00
Avg. 30 Volume: 102,683.63
TTM EPS: 0.58
TTM Dividend Rate: 3.00
Shares Outstanding: 13,535,000
Float: 13,484,108.40
50-Day Moving Avg.: 46.70
200-Day Moving Avg.: 41.44

Latest REIT Community Comments on #CORR


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Properties Owned by CORR


Properties owned:
600
Types:
1
States:
6
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
CORR Sample Property
Please visit this REIT’s official webpage to learn more.

Dividend History


Below are the most recent cash dividends paid by CORR, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 120,430,110 58,807,431 59,361,398 0
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 0 0
Property, Plant & Equipment Net 107,640,017 108,196,590 109,028,665 109,881,552
Goodwill 1,718,868 1,718,868 1,718,868 1,718,868
Intangible Assets 0 0 0 0
Other Assets 32,632,290 3,370,190 3,636,440 3,507,030
Net Tangible Assets 472,533,712 471,234,165 472,741,072 451,573,569
Total Assets 658,639,557 600,737,286 604,832,368 627,410,750
Accounts Payable 0 0 0 0
Liabilities (Other) 15,310,410 13,249,900 14,621,060 11,877,150
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 9,025,251 72,641,639 3,528,000 3,528,000
Long-term Debt 147,212,762 31,995,520 102,437,164 146,510,380
Total Liabilities 182,668,109 126,065,385 128,653,560 172,399,445
Minority Interest 0 0 0 0
Common Stock 13,534,856 12,826 12,808 11,960
Retained Earnings -19,419,600 0 1,102,169 9,147,701
Treasury Stock 0 0 0 0
Capital Surplus 369,884,338 349,165,900 349,570,656 320,295,969
Shareholder Equity 475,971,448 474,671,901 476,178,808 455,011,305

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 21,081,244 21,532,009 21,622,832 22,852,011
Cost of Revenue 6,761,536 6,892,005 7,148,239 7,939,911
Gross Profit 14,319,708 14,640,004 14,474,593 14,912,100
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 9,255,776 9,631,860 10,018,646 12,101,444
Operating Income 11,825,470 11,900,150 11,604,190 10,750,570
Income Expense Net (Other) -31,337,776 -2,012,525 -7,290,414 9,133,041
EBIT 11,825,470 11,900,150 11,604,190 10,750,570
Interest Income 2,777,122 2,297,783 2,507,294 3,168,583
Pretax Income -19,512,306 9,887,625 4,313,776 19,883,611
Income Tax -92,706 62,699 447,335 -612,384
Minority Interest 0 0 0 0
Net Income -19,419,600 9,824,926 3,866,441 20,495,995
Net Income Basic -21,733,380 7,511,146 1,552,313 18,138,243

Cash Flow

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Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income -19,419,600 9,824,926 3,866,441 20,495,995
Depreciation 5,935,382 5,903,897 5,920,545 7,493,036
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 61,622,679 -553,967 -9,925,779 49,675,364
Cash Flow 18,288,044 12,259,286 17,056,237 9,566,130
Capital Expenditures -285,013 -11,218 -15,335 -10,377
Investments 0 0 0 56,003,042
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -252,513 -11,218 4,984,665 56,229,532
Dividends Paid -12,462,468 -11,920,035 -11,507,897 -10,962,745
Net Borrowings 36,533,382 -882,000 -882,000 -882,000
Cash Flow Financing 43,587,148 -12,802,035 -31,966,681 -16,120,298
Financing Cash Flows (Other) 19,516,234 0 -19,516,234 0
Exchange Rate Effect 0 0 0 0

About Corenergy Infrastructure Trust, Inc.


CorEnergy primarily owns U.S. infrastructure assets used by energy companies under long-term triple-net participating leases. These utility-like assets include pipelines, storage tanks, transmission lines and gathering systems. Our structure as a Real Estate Investment Trust (REIT) offers U.S. and non-U.S. investors direct exposure to energy infrastructure in a tax-efficient manner. CorEnergy’s objective is to provide stockholders with a stable and growing cash dividend, supported by long-term contracted revenue.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
10 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.9
9 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
8 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
9 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
3 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
10 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
6 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
8.7 Overall REITRating™ Score 6.5

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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