Drive Shack Inc. | REIT Profile

Symbol: DS
CIK: 1175483
Exchange: NYSE
Founded: 1998 (23 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Specialty, Diversified

See DS on Google Finance
See DS on Yahoo Finance
See DS on SEC.gov

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Overall Score: 4.3

See score breakdown | See trend

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 December 6, 2021


Open Price: $1.53
Closing Price: $1.59
Price Change: 0.06 (3.922%)
Lowest Price: $1.53
Highest Price: $1.63

52-Week Low: $1.52
52-Week High: $4.02
52-Week Change: -26.09%

5 Day Price Change: -22.73%
1 Month Price Change: -45.75%
3 Month Price Change: -44.16%
6 Month Price Change: -53.21%
YTD Price Change: -35.71%
1 Year Price Change: -26.09%
2 Year Price Change: -57.97%
5 Year Price Change: -65.58%

Latest News Headlines


See more news headlines for Drive Shack Inc.

Key Stats of Trading Day December 6, 2021


Total Cash: N/A
Current Debt: $91,258,000
Revenue: $271,623,000
Gross Profit: $260,492,000
Total Revenue: $271,623,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $12,825,000
Revenue Per Share: $3
Revenue Per Employee: N/A
Employee: 3,072
Debt to Equity Ratio (D/E): 11.87
Profit Margin: -0.06%
Enterprise Value (EV): $240,868,573
Enterprise Value to Revenue (EV/R): 0.89
Price to Sales (P/S): 0.64
Price to Book (P/B): -8.38
Price/Earnings-to-Growth (PEG) Ratio: -0.12
P/E Ratio: -7.65
P/E High: -4.70
P/E Low: -10.36
Forward P/E Ratio: -4.57
Market Capitalization: $146,428,546
Beta: 1.28
Latest Volume: 1,861,852
Avg. Total Volume: 1,674,998
Avg. 10-Day Volume: 2,494,889
Avg. 30-Day Volume: 1,674,998
TTM EPS: -0.21
Shares Outstanding: 92,093,425
Float: N/A
50-Day Moving Avg.: $2.38
200-Day Moving Avg.: $2.75

Latest REIT Community Comments on #DS


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Properties Owned by DS


Properties Based on REIT's Official Presentation

Properties Types States Countries
28 1 12 1

Please visit REIT’s official webpage for the most up-to-date property list.

DS Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $3.93 per share you would have been able to buy 254 shares of DS on 2020-12-07 costing $998.22 @ $3.93 per share you would have been able to buy 127 shares of DS on 2020-12-07 costing $499.11 @ $3.93 per share you would have been able to buy 63 shares of DS on 2020-12-07 costing $247.59 @ $3.93 per share you would have been able to buy 25 shares of DS on 2020-12-07 costing $98.25 @ $3.93 per share you would have been able to buy 12 shares of DS on 2020-12-07 costing $47.16
Current worth On 2021-12-06 these 254 shares would be worth $403.86 @ $1.59 On 2021-12-06 these 127 shares would be worth $201.93 @ $1.59 On 2021-12-06 these 63 shares would be worth $100.17 @ $1.59 On 2021-12-06 these 25 shares would be worth $39.75 @ $1.59 On 2021-12-06 these 12 shares would be worth $19.08 @ $1.59
Dividends earned $0.00 in dividends would have been earned since 2020-12-07 with 254 shares. $0 in dividends would have been earned since 2020-12-07 with 127 shares. $0.00 in dividends would have been earned since 2020-12-07 with 63 shares. $0.00 in dividends would have been earned since 2020-12-07 with 25 shares. $0.00 in dividends would have been earned since 2020-12-07 with 127 shares.
Net (gain / loss)* -594.36 USD -297.18 USD -147.42 USD -58.50 USD -28.08 USD
ROI** -59.54% -59.54% -59.54% -59.54% -59.54%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History [Dividends Currently Suspended]


Below are the most recent cash dividends paid by DS. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
DS 2016-12-16 0.120 --- 0000-00-00 0000-00-00 0000-00-00
DS 2016-10-20 0.120 --- 0000-00-00 0000-00-00 0000-00-00
DS 2016-07-20 0.120 --- 0000-00-00 0000-00-00 0000-00-00
DS 2016-04-06 0.120 --- 0000-00-00 0000-00-00 0000-00-00
DS 2016-03-25 0.000 -100.00% 0000-00-00 0000-00-00 0000-00-00
DS 2015-12-22 0.120 --- 0000-00-00 0000-00-00 0000-00-00
DS 2015-09-29 0.120 --- 0000-00-00 0000-00-00 0000-00-00
DS 2015-06-30 0.120 --- 0000-00-00 0000-00-00 0000-00-00
DS 2015-03-25 0.120 --- 0000-00-00 0000-00-00 0000-00-00
DS 2014-12-30 0.120 -99.42% 0000-00-00 0000-00-00 0000-00-00
DS 2014-11-07 20.608 3,334.67% 0000-00-00 0000-00-00 0000-00-00
DS 2014-09-25 0.600 --- 0000-00-00 0000-00-00 0000-00-00
DS 2014-06-20 0.600 --- 0000-00-00 0000-00-00 0000-00-00
DS 2014-03-21 0.600 -89.09% 0000-00-00 0000-00-00 0000-00-00
DS 2014-02-14 5.502 817.00% 0000-00-00 0000-00-00 0000-00-00
DS 2013-12-26 0.600 --- 0000-00-00 0000-00-00 0000-00-00
DS 2013-09-26 0.600 -41.18% 0000-00-00 0000-00-00 0000-00-00
DS 2013-06-11 1.020 -97.40% 0000-00-00 0000-00-00 0000-00-00
DS 2013-05-16 39.306 2,877.73% 0000-00-00 0000-00-00 0000-00-00
DS 2013-03-21 1.320 --- 0000-00-00 0000-00-00 0000-00-00

Financial Statements Overview


The next Earnings Report for DS is 2022-03-11

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 0 0 0 0
Receivables 22,823,000 12,997,000 9,781,000 7,682,000
Inventory 2,106,000 1,953,000 2,012,000 1,950,000
Current Assets 103,412,000 115,215,000 114,956,000 72,117,000
Current Assets (Other) 7,760,000 12,506,000 11,104,000 9,224,000
Short Term Investments 11,174,000 15,847,000 14,375,000 12,447,000
Long-term Investments 381,064,000 380,624,000 384,905,000 384,937,000
Property, Plant & Equipment Net 174,616,000 171,126,000 167,663,000 169,425,000
Goodwill 0 0 0 0
Intangible Assets 13,767,000 14,181,000 14,574,000 15,124,000
Other Assets 5,752,000 6,420,000 6,593,000 6,765,000
Net Tangible Assets -34,535,000 -26,254,000 -23,775,000 -66,670,000
Total Assets 484,476,000 495,839,000 499,861,000 457,054,000
Accounts Payable 0 0 0 0
Liabilities (Other) 116,453,000 117,778,000 116,299,000 113,262,000
Current Liabilities (Other) 85,620,000 88,804,000 88,639,000 95,515,000
Total Current Liabilities 91,258,000 94,598,000 94,819,000 101,985,000
Current Long-term Debt 5,638,000 5,794,000 6,180,000 6,470,000
Long-term Debt 61,174,000 61,581,000 62,833,000 63,933,000
Total Liabilities 443,661,000 446,329,000 447,479,000 447,017,000
Minority Interest 0 0 0 0
Common Stock 92,085,846 92,065,615 82,558,881 67,241,071
Retained Earnings -3,257,835,000 -3,247,589,000 -3,244,225,000 -3,232,391,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 40,815,000 49,510,000 52,382,000 10,037,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 76,366,000 73,879,000 61,091,000 60,287,000
Cost of Revenue 3,696,000 3,151,000 2,104,000 2,180,000
Gross Profit 72,670,000 70,728,000 58,987,000 58,107,000
Research and Development 0 0 0 0
Selling General and Admin 9,685,000 8,028,000 7,982,000 7,182,000
Operating Expense 81,963,000 73,387,000 65,757,000 38,260,000
Operating Income -5,597,000 492,000 -4,666,000 22,027,000
Income Expense Net (Other) 46,000 48,000 56,000 -236,000
EBIT -5,551,000 540,000 -4,610,000 -2,229,000
Interest Income 2,436,000 2,554,000 2,473,000 2,571,000
Pretax Income -8,250,000 -1,519,000 -10,409,000 10,382,000
Income Tax 616,000 450,000 495,000 436,000
Minority Interest -15,000 0 0 0
Net Income -10,246,000 -3,364,000 -12,299,000 8,551,000
Net Income Basic -10,246,000 -3,364,000 -12,299,000 8,551,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income -10,246,000 -3,364,000 -12,299,000 8,551,000
Depreciation 8,785,000 9,964,000 6,245,000 35,312,000
Changes in Receivables 22,823,000 12,997,000 9,781,000 7,682,000
Changes in Inventories 2,106,000 1,953,000 2,012,000 1,950,000
Cash Change 63,867,000 81,428,000 85,936,000 47,786,000
Cash Flow -7,402,000 7,088,000 -7,556,000 976,000
Capital Expenditures -6,112,000 -9,597,000 -6,542,000 -10,675,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -6,112,000 -9,597,000 -6,542,000 34,623,000
Dividends Paid 0 0 0 0
Net Borrowings 55,638,000 51,528,000 54,638,000 57,956,000
Cash Flow Financing 97,589,000 2,565,000 -52,848,000 -1,270,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Drive Shack Inc.


Drive Shack is a subsidiary of Drive Shack Inc., which is a publicly traded owner and operator of golf-related leisure and entertainment businesses. Drive Shack is developing venues across the country that are reimagining the traditional concept of a golf course through blended, industryleading technology, design and service that creates the golf entertainment experience for every skill-level and interest. Its first venue in Orlando, Florida is expected to open in early 2018, with additional sites expected to open later in 2018 in West Palm Beach, Florida; Richmond, Virginia; Raleigh, North Carolina; and Phoenix, Arizona. Unlike traditional driving ranges, Drive Shack’s golf entertainment complexes will feature technologically-enhanced, signature golf-based games using complementary TaylorMade clubs and are designed for players of all skill levels. Each venue will have full-service food and beverage areas as well as private event space that can accommodate groups from 10 up to 1,000 in size. Drive Shack Inc. also owns American Golf, one of the largest owners and operators of golf properties nationwide.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
0 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
Rating AFFO & Efficiency Section Avg. Rating
5 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.5
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
3 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
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
3 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.3
4.3 Overall REITRating™ Score (See trend) 6.2

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.

Last updated: 2021-12-07 - v2.4