CorePoint Lodging Inc.

Symbol: CPLG
CIK: 1707178
Exchange: NYSE
Founded: 2017 (3 years)
HQ: Irving, TX, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Hotel

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Overall Score: 4.1

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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 May 28, 2020


Open Price: $4.87
Closing Price: $4.33
Price Change: -0.39 (-8.263%)
Lowest Price: $4.19
Highest Price: $4.87

52-Week Low: $2.18
52-Week High: $13.42
52-Week Change: -65.50%

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Dividend of Trading Day May 28, 2020


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*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.

Funds From Operations (FFO)


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Key Stats of Trading Day May 28, 2020


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Properties Owned by CPLG


Properties Based on REIT's Official Presentation

Properties Types States Countries
316 1 41 1

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

CPLG Sample Property

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

Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by CPLG. 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.


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Financial Statements Overview

Balance Sheet (Quarterly)

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Income Statement (Quarterly)

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Cash Flow

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About CorePoint Lodging Inc.


CorePoint Lodging is a brand-new entity – a ‘spin-off’ of the well-known La Quinta hotel brand (NYSE – LQ). On May 31, 2018, CorePoint became a publicly-traded real estate investment trust (REIT) that began trading on the NYSE under the ticker symbol CPLG. With the spin-off, La Quinta separated its real estate from its franchise and management business – which was subsequently sold to Wyndham Hotel Group. CorePoint represents the real estate portion of the overall operation and is currently the largest franchisee of Wyndham. CorePoint Lodging owns a portfolio of 316 hotels and more than 40,000 rooms in attractive locations throughout the U.S. Properties in the CorePoint portfolio are primarily in or near employment centers, airports and major travel thoroughfares. CorePoint’s strategic objective is to become one of the largest institutional owners in the select service hotel space in North America. We are focusing on the mid-tier, select service space, because hotel developers are migrating to this tier, attracted by the strong cash-on-cash returns available from mid-tier hotels. Travelers have also been migrating to the mid-tier market thanks to their combination of value and affordability. We believe the confluence of this developer and traveler migration presents an outstanding opportunity for investment.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
1 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.8
8 Dividend to Pro Forma AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to Pro Forma AFFO Payout Ratios during the last four quarters. 9.0
Rating AFFO & Efficiency Section Avg. Rating
4 Pro Forma AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 4.9
Rating Leverage Section Avg. Rating
2 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
0 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.3
1 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.7
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
Rating Asset & Revenue Section Avg. Rating
3 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.6
3 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.4
Rating Properties Section Avg. Rating
2 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.1
2 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 7.7
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
1 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.8
4.1 Overall REITRating™ Score 6.4

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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