Northstar Realty Europe Corp.

Symbol: NRE
CIK: 1646587
Exchange: NYSE
Founded: 2015 (4 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office

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Northstar Realty Europe Corp. Company Logo

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 N/A   Dividend Section Rating

Rating Dividend Section Avg. Rating
3 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.4
2 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.6
N/A Dividend to Payout Ratio Health: Analysis of the REIT’s Dividend to Payout Ratios during the last four quarters. 7.0
N/A Dividend to Payout Ratio Trend: Analysis of the REIT’s Dividend to Payout Ratios trend during the last two years. 5.6
N/A Trend: Analysis of the REIT’s trend during the last two years. 6.8

 8.7   Leverage Section Rating

Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 7.2
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.5
5 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.2
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 6.2
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
8.7 Overall Leverage Section Rating: The REIT’s total Debt Leverage score from the compilation of the above Debt analysis. 7.6

 3.0   Asset & Revenue Section Rating

Rating Asset & Revenue Section Avg. Rating
5 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.9
4 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.7
1 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.7
2 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.4
3.0 Overall Asset & Revenue Section Rating: The REIT’s total Asset, Revenues, and Administrative expenses score from the compilation of the above analysis. 7.2


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.

Stock Chart

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Hightlights of Trading Day September 13, 2019


Open Price: $17
Closing Price: $16.99
Price Change: 0.01 (0.059%)
Lowest Price: $16.98
Highest Price: $17

52-Week Low: $12.50
52-Week High: $18.44
52-Week Change: 32.32%

5 Day Price Change: 0.06%
1 Month Price Change: -0.41%
3 Month Price Change: 5.40%
6 Month Price Change: -5.51%
YTD Price Change: 16.38%
1 Year Price Change: 32.24%
2 Year Price Change: 49.96%
5 Year Price Change: 28.33%

Dividend of Trading Day September 13, 2019


Dividend Yield: 3.531%*
Annualized Dividend: $0.6*
Dividend Yield (TTM): 3.531%
Annualized Dividend (TTM): $0.6
Ex Dividend Date: 2019-08-16
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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Key Stats of Trading Day September 13, 2019


Total Cash: $444,523,000
Current Debt: N/A
Revenue: $363,293,000
Gross Profit: $281,981,000
Total Revenue: $363,293,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $290,070,000
Revenue Per Share: $7
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 1.01
Profit Margin: 0.57%
Enterprise Value (EV): $1,092,799,110
Enterprise Value to Revenue (EV/R): 3.01
Price to Sales (P/S): 2.35
Price to Book (P/B): 1.27
Peg Ratio: -0.04
P/E Ratio: 4.67
P/E High: 5.21
P/E Low: 3.53
Forward P/E Ratio: N/A
Market Capitalization: $854,410,110
Beta: 0.51
Latest Volume: 353,546.00
Avg. Total Volume: 504,743
Avg. 10 Volume: 416,921.60
Avg. 30 Volume: 504,743.03
TTM EPS: 3.64
TTM Dividend Rate: 0.60
Shares Outstanding: 50,289,000
Float: 43,501,493.67
50-Day Moving Avg.: 16.99
200-Day Moving Avg.: 16.79

Properties Owned by NRE


Properties owned:
25
Types:
2
States:
5
Countries:
3
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
NRE Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by NRE, 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)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 382,725,000 458,466,000 444,523,000 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 42,240,000 45,009,000 45,530,000 45,078,000
Property, Plant & Equipment Net 30,875,000 0 0 0
Goodwill 6,842,000 6,750,000 6,886,000 15,206,000
Intangible Assets 16,992,000 18,640,000 51,287,000 85,625,000
Other Assets 8,093,000 85,520,000 79,382,000 11,540,000
Net Tangible Assets 613,821,000 621,423,000 583,734,000 368,335,000
Total Assets 1,272,226,000 1,405,727,000 1,425,499,000 1,698,726,000
Accounts Payable 0 0 0 0
Liabilities (Other) 46,047,000 55,107,000 59,361,000 62,106,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 0 0 0
Long-term Debt 546,374,000 663,214,000 682,912,000 1,092,708,000
Total Liabilities 597,511,000 723,348,000 747,396,000 1,163,765,000
Minority Interest -6,000 62,000 1,195,000 4,000
Common Stock 502,000 497,000 498,000 498,000
Retained Earnings -176,047,000 -167,063,000 -170,669,000 -333,464,000
Treasury Stock 0 0 0 0
Capital Surplus 864,696,000 863,112,000 862,240,000 860,853,000
Shareholder Equity 670,653,000 678,224,000 673,645,000 529,451,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 21,831,000 36,895,000 227,165,000 31,693,000
Cost of Revenue 11,292,000 9,581,000 25,264,000 17,832,000
Gross Profit 10,539,000 27,314,000 201,901,000 13,861,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 18,407,000 16,492,000 37,760,000 25,536,000
Operating Income 2,704,000 17,149,000 188,718,000 5,634,000
Income Expense Net (Other) -3,889,000 -3,874,000 -16,303,000 -5,318,000
EBIT 2,704,000 17,149,000 188,718,000 5,634,000
Interest Income 3,413,000 3,680,000 4,663,000 5,318,000
Pretax Income -1,185,000 13,275,000 172,415,000 316,000
Income Tax 249,000 2,152,000 949,000 -240,000
Minority Interest -6,000 62,000 1,195,000 4,000
Net Income -1,619,000 10,956,000 169,427,000 447,000
Net Income Basic -1,619,000 10,956,000 169,427,000 447,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income -1,619,000 10,956,000 169,427,000 447,000
Depreciation 5,847,002 5,913,000 10,232,666 10,522,815
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -75,609,833 12,534,000 363,264,937 10,933,077
Cash Flow -1,204,408 -452,000 13,199,598 3,926,998
Capital Expenditures 0 0 0 0
Investments 49,469,179 40,531,000 731,689,597 10,160,940
Investing Activity (Other) -15,301 -505,000 -4,835,762 -610,060
Total Investing Cash Flows 50,847,758 41,740,000 728,372,546 4,802,828
Dividends Paid -7,525,056 -7,502,000 -8,110,919 -7,180,463
Net Borrowings -114,758,098 -17,094,000 -395,247,731 24,167,515
Cash Flow Financing -123,119,298 -24,889,000 -377,547,428 3,143,606
Financing Cash Flows (Other) -836,143 -293,000 7,983,061 -746,334
Exchange Rate Effect -2,133,884 -3,865,000 -759,780 -940,355

About Northstar Realty Europe Corp.


NorthStar Realty Europe Corp. (NYSE: NRE) is the only NYSE listed real estate investment trust (REIT) focused on prime office properties located in key European office markets within Germany, the United Kingdom and France.

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