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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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 December 6, 2021
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
- Mon, 06 Dec 2021 11:50:23 +0000 (UTC) - Drive Shack Inc. Announces Grand Opening of Puttery Charlotte in Mid-December
- Thu, 07 Oct 2021 20:15:22 +0000 (UTC) - Drive Shack Inc. Announces it is Hosting an Investor Meeting Today at its New Puttery Venue; Reports Preliminary Revenue Results of $75 Million for Third Quarter 2021
- Tue, 31 Aug 2021 10:30:29 +0000 (UTC) - Drive Shack Inc. Announces Grand Opening of Debut Puttery Location in The Colony, Texas
- Mon, 09 Aug 2021 10:46:25 +0000 (UTC) - Drive Shack Inc. Expands Puttery, Its New Competitive Socializing Concept, to Downtown Houston
- Mon, 12 Jul 2021 10:54:25 +0000 (UTC) - Rory McIlroy to Make Strategic Investment in Puttery With Drive Shack Inc.
Key Stats of Trading Day December 6, 2021
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
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
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
- 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
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
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