Exantas Capital Corp.

Symbol: XAN
CIK: 1332551
Exchange: NYSE
Founded: 2005 (15 years)
HQ: New York, NY, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Mortgage

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See XAN on SEC.gov

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Overall Score: 4.9

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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 January 17, 2020


Open Price: $11.94
Closing Price: $11.87
Price Change: -0.04 (-0.336%)
Lowest Price: $11.81
Highest Price: $11.94

52-Week Low: $10.09
52-Week High: $12.09
52-Week Change: 14.25%

5 Day Price Change: 1.36%
1 Month Price Change: -0.34%
3 Month Price Change: 4.84%
6 Month Price Change: 3.39%
YTD Price Change: 1.62%
1 Year Price Change: 14.63%
2 Year Price Change: 24.84%
5 Year Price Change: -36.92%

Dividend of Trading Day January 17, 2020


Dividend Yield: 8.425%*
Annualized Dividend: $1*
Dividend Yield (TTM): 7.161%
Annualized Dividend (TTM): $0.85
Ex Dividend Date: 2019-12-30
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. This graph does not include extraordinary dividend.

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Key Stats of Trading Day January 17, 2020


Total Cash: $95,474,000
Current Debt: $333,100,000
Revenue: $123,422,000
Gross Profit: $112,095,000
Total Revenue: $123,422,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $91,613,000
Revenue Per Share: $4
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 2.81
Profit Margin: 0.16%
Enterprise Value (EV): $1,838,451,710
Enterprise Value to Revenue (EV/R): 14.90
Price to Sales (P/S): 3.08
Price to Book (P/B): 0.68
Peg Ratio: 0.44
P/E Ratio: 12.76
P/E High: 11.19
P/E Low: 9.34
Forward P/E Ratio: 10.69
Market Capitalization: $378,427,470
Beta: 0.40
Latest Volume: 97,141.00
Avg. Total Volume: 159,619
Avg. 10 Volume: 123,555.40
Avg. 30 Volume: 159,619.37
TTM EPS: 0.93
TTM Dividend Rate: 0.85
Shares Outstanding: 31,881,000
Float: 31,012,307.00
50-Day Moving Avg.: 11.84
200-Day Moving Avg.: 11.40

Properties Owned by XAN


Dividend History


Below are the most recent cash dividends paid by XAN. 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

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 67,900,000 0 63,145,000 95,474,000
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 473,396,000 447,212,000 442,671,000 421,531,000
Property, Plant & Equipment Net 97,000 0 113,000 108,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 18,649,000 20,512,000 19,079,000 18,006,000
Net Tangible Assets 560,026,000 557,952,000 557,823,000 553,819,000
Total Assets 2,472,193,000 2,519,737,000 2,197,460,000 2,130,913,000
Accounts Payable 0 0 0 0
Liabilities (Other) 24,038,000 26,520,000 18,493,000 22,871,000
Current Liabilities (Other) 9,693,000 8,896,000 8,098,000 7,265,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 364,397,000 0 340,796,000 333,100,000
Long-term Debt 1,523,029,000 1,935,265,000 1,279,645,000 1,221,123,000
Total Liabilities 1,912,167,000 1,961,785,000 1,639,637,000 1,577,094,000
Minority Interest 0 0 0 0
Common Stock 31,870,902 32,000 32,000 32,000
Retained Earnings -525,532,000 -527,534,000 -526,666,000 -525,838,000
Treasury Stock 0 0 0 0
Capital Surplus 1,084,365,000 1,083,772,000 1,083,360,000 1,082,677,000
Shareholder Equity 560,026,000 557,952,000 557,823,000 553,819,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 39,281,000 37,168,000 33,958,000 35,406,000
Cost of Revenue 2,536,000 2,258,000 2,107,000 2,821,000
Gross Profit 36,745,000 34,910,000 31,851,000 32,585,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 5,174,000 5,165,000 5,367,000 5,878,000
Operating Income 35,189,000 30,703,000 28,489,000 28,596,000
Income Expense Net (Other) -22,569,000 -21,700,000 -20,319,000 -18,914,000
EBIT 35,189,000 30,703,000 28,489,000 28,596,000
Interest Income 22,676,000 21,581,000 19,395,000 19,723,000
Pretax Income 12,620,000 9,003,000 8,170,000 9,682,000
Income Tax 0 0 0 -312,000
Minority Interest 0 0 0 0
Net Income 12,557,000 8,891,000 8,133,000 9,954,000
Net Income Basic 9,969,000 6,304,000 5,545,000 7,367,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 12,557,000 8,891,000 8,133,000 9,954,000
Depreciation 8,000 0 24,000 9,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 6,684,000 0 -32,329,000 40,841,000
Cash Flow 10,786,000 0 3,995,000 16,970,000
Capital Expenditures 0 0 0 0
Investments -26,130,000 0 -15,301,000 -74,689,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 56,870,000 0 -91,912,000 -98,683,000
Dividends Paid -9,759,000 0 -8,128,000 -7,336,000
Net Borrowings -51,213,000 -63,716,000 63,716,000 129,278,000
Cash Flow Financing -60,972,000 -63,716,000 55,588,000 122,554,000
Financing Cash Flows (Other) 0 0 0 612,000
Exchange Rate Effect 0 0 0 0

About Exantas Capital Corp.


Exantas Capital Corp. (NYSE: XAN) is a real estate investment trust that is externally managed by an affiliate of C-III Capital Partners LLC (“C-III”). Exantas Capital Corp. leverages C-III’s capabilities and expertise to invest in CRE credit investments. The Company’s primary investment strategies include transitional commercial real estate loans and longer duration commercial real estate credit investments, such as commercial mortgage-backed securities. C-III Capital Partners is a fully-diversified asset management and commercial real estate services company. Exantas Capital Corp. is externally managed by Exantas Capital Manager Inc. (f/k/a Resource Capital Manager, Inc.), an indirect wholly-owned subsidiary of C-III. Since C-III’s founding in 2010, the Company has successfully expanded its platform throughout the U.S., both organically and through acquisitions, to include fund management, principal investment, mortgage origination, loan servicing, investment sales, property management and brokerage. C-III’s assets under management of over $8 billion enhances its access to market data, which is complementary to C-III’s leading position as one of the largest CMBS special servicers in the U.S. that has resolved over $50 billion of commercial real estate loans. We are also a large multifamily property manager with over 24,000 apartment units under management. These components are integral to C-III’s objective of delivering superior, long term returns to investors by applying its local market information advantage to commercial real estate equity and fixed income investment strategies.

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. 5.4
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.6
Rating AFFO & Efficiency Section Avg. Rating
Rating Leverage Section Avg. Rating
1 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
5 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
3 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
4 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
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
10 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
4.9 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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