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
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See DS on SEC.gov
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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
Stock Chart
See in Advanced Graph ViewHightlights of Trading Day February 25, 2021
Latest News Headlines
- 29 Jan 2021 07:01:24 -0500 - Drive Shack Inc. Press Release: Drive Shack Inc. Announces Pricing of Public Offering of Common Stock
- 28 Jan 2021 17:13:24 -0500 - Drive Shack Inc. Press Release: Drive Shack Inc. Announces Proposed Public Offering of Common Stock
- 26 Jan 2021 12:25:11 -0500 - Drive Shack Inc. Press Release: Drive Shack Inc. Announces Collaboration with Professional Golfer Rory McIlroy and its New Indoor Entertainment Golf Experience, Puttery
- 4 Jan 2021 06:45:13 -0500 - Drive Shack Inc. Press Release: Drive Shack Launches Single-Bay Online Reservation Platform
- 14 Dec 2020 06:55:42 -0500 - Drive Shack Inc. Press Release: Drive Shack to Reopen Orlando Venue on December 18th
Key Stats of Trading Day February 25, 2021
Latest REIT Community Comments on #DS
- Very good news for #DS - TimHl - 2020-12-14 09:57:12 - See full comment
- Good that #DS is trying to address covid and get people back into their locations. I don’t believe they have been paying dividends for about 4 years now, with a declining stock so I’m not holding any of their stocks. - CapitalKing - 2020-10-12 11:17:51 - See full comment
- Drive Shack Inc.#DS By the end of March, all 4 of the Company’s golf entertainment venues and 57 of 61 of its owned, leased or managed traditional golf courses were closed as mandated shutdowns and stay-at-home orders went into effect across the country. As of April 30, 2020, the Company had approximately $14 million of unrestricted cash on hand. In order to preserve cash savings, the Company furloughed over 4,000 employees across operations and the corporate office, deferred the payment of 2019 annual employee bonuses, temporarily suspended the quarterly cash dividend on the Company’s preferred stock and halted new construction. In addition, the Company is in discussion with all of its landlords relating to rent deferral and forgiveness. - Kev B - 2020-05-08 22:25:00 - See full comment
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.
Sample of REIT’s Properties. Image Source - REIT’s website
REIT Simulation
Dividend History [Dividends Currently Suspended]
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
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. | 4.1 |
| 0 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 6.1 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 6 | Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. | 8.7 |
| 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. | 7.8 |
| 10 | Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. | 8.6 |
| 0 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 5.0 |
| 0 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 6.7 |
| Rating | Asset & Revenue Section | Avg. Rating |
| 2 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 5.0 |
| 5 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 6.9 |
| 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 |
| 2 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 5.2 |
| 3.1 | Overall REITRating™ Score (See trend) | 6.1 |
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: 2021-02-26