CorePoint Lodging Inc. | REIT Profile

Symbol: CPLG
CIK: 1707178
Exchange: NYSE
Founded: 2017 (4 years)
HQ: Irving, TX, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Hotel

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See CPLG on SEC.gov

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Overall Score: 3.4

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


CorePoint Lodging Inc. Company Logo

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Hightlights of Trading Day December 6, 2021


Open Price: $15.35
Closing Price: $15.33
Price Change: 0.02 (0.131%)
Lowest Price: $15.32
Highest Price: $15.4

52-Week Low: $6.05
52-Week High: $18.15
52-Week Change: 105.78%

5 Day Price Change: -1.10%
1 Month Price Change: -13.80%
3 Month Price Change: 7.36%
6 Month Price Change: 49.66%
YTD Price Change: 122.53%
1 Year Price Change: 105.78%
2 Year Price Change: 63.26%
5 Year Price Change: -36.18%

Dividend of Trading Day December 6, 2021 [Dividends Currently Suspended]


Dividend Yield: 5.219%*
Annualized Dividend: $0.8*
Dividend Yield (TTM): N/A
Annualized Dividend (TTM): N/A
Ex-Dividend Date: N/A
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.

Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day December 6, 2021


Total Cash: N/A
Current Debt: N/A
Revenue: N/A
Gross Profit: N/A
Total Revenue: N/A
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): N/A
Revenue Per Share: N/A
Revenue Per Employee: N/A
Employee: 32
Debt to Equity Ratio (D/E): N/A
Profit Margin: N/A
Enterprise Value (EV): N/A
Enterprise Value to Revenue (EV/R): N/A
Price to Sales (P/S): N/A
Price to Book (P/B): N/A
Price/Earnings-to-Growth (PEG) Ratio: N/A
P/E Ratio: N/A
P/E High: N/A
P/E Low: N/A
Forward P/E Ratio: N/A
Market Capitalization: $895,962,816
Beta: 1.29
Latest Volume: 807,200
Avg. Total Volume: 1,123,352
Avg. 10-Day Volume: 1,550,624
Avg. 30-Day Volume: 1,123,352
TTM EPS: N/A
Shares Outstanding: 58,445,063
Float: N/A
50-Day Moving Avg.: $15.97
200-Day Moving Avg.: $13.77

Latest REIT Community Comments on #CPLG


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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



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

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 @ $9.95 per share you would have been able to buy 100 shares of CPLG on 2020-12-07 costing $995.00 @ $9.95 per share you would have been able to buy 50 shares of CPLG on 2020-12-07 costing $497.50 @ $9.95 per share you would have been able to buy 25 shares of CPLG on 2020-12-07 costing $248.75 @ $9.95 per share you would have been able to buy 10 shares of CPLG on 2020-12-07 costing $99.50 @ $9.95 per share you would have been able to buy 5 shares of CPLG on 2020-12-07 costing $49.75
Current worth On 2021-12-06 these 100 shares would be worth $1,533.00 @ $15.33 On 2021-12-06 these 50 shares would be worth $766.50 @ $15.33 On 2021-12-06 these 25 shares would be worth $383.25 @ $15.33 On 2021-12-06 these 10 shares would be worth $153.30 @ $15.33 On 2021-12-06 these 5 shares would be worth $76.65 @ $15.33
Dividends earned $0.00 in dividends would have been earned since 2020-12-07 with 100 shares. $0 in dividends would have been earned since 2020-12-07 with 50 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 10 shares. $0.00 in dividends would have been earned since 2020-12-07 with 50 shares.
Net (gain / loss)* 538.00 USD 269.00 USD 134.50 USD 53.80 USD 26.90 USD
ROI** 54.07% 54.07% 54.07% 54.07% 54.07%

*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 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.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
CPLG 2020-03-30 0.200 --- 2020-03-12 2020-03-31 2020-04-15
CPLG 2019-12-27 0.200 --- 2019-11-13 2019-12-30 2020-01-15
CPLG 2019-09-27 0.200 --- 2019-08-13 2019-09-30 2019-10-15
CPLG 2019-06-27 0.200 --- 2019-05-14 2019-06-28 2019-07-15
CPLG 2019-04-01 0.200 --- 2019-03-21 2019-04-02 2019-04-15
CPLG 2018-12-28 0.200 --- 2018-11-06 2018-12-31 2019-01-15
CPLG 2018-09-28 0.200 198.51% 2018-09-19 2018-10-01 2018-10-15
CPLG 2018-08-29 0.067 --- 2018-08-07 2018-08-30 2018-09-14

Financial Statements Overview


The next Earnings Report for CPLG is 2022-03-10

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Current Cash 194,000,000 234,000,000 101,000,000 64,000,000
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 31,000,000 21,000,000 20,000,000 26,000,000
Property, Plant & Equipment Net 21,000,000 21,000,000 21,000,000 25,000,000
Goodwill 0 0 0 0
Intangible Assets 4,000,000 4,000,000 4,000,000 5,000,000
Other Assets 21,000,000 24,000,000 19,000,000 23,000,000
Net Tangible Assets 901,000,000 1,005,000,000 1,035,000,000 1,182,000,000
Total Assets 1,998,000,000 2,146,000,000 2,113,000,000 2,323,000,000
Accounts Payable 0 0 0 0
Liabilities (Other) 88,000,000 114,000,000 111,000,000 130,000,000
Current Liabilities (Other) 0 11,000,000 11,000,000 11,000,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 0 0 0
Long-term Debt 1,000,000,000 1,018,000,000 955,000,000 1,003,000,000
Total Liabilities 1,095,000,000 1,139,000,000 1,076,000,000 1,139,000,000
Minority Interest 0 0 0 0
Common Stock 58,200,000 58,100,000 57,200,000 57,300,000
Retained Earnings -59,000,000 48,000,000 80,000,000 228,000,000
Treasury Stock 0 0 0 0
Capital Surplus 959,000,000 956,000,000 954,000,000 953,000,000
Shareholder Equity 901,000,000 1,005,000,000 1,035,000,000 1,182,000,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Total Revenue 72,000,000 146,000,000 170,000,000 215,000,000
Cost of Revenue 119,000,000 173,000,000 193,000,000 221,000,000
Gross Profit -47,000,000 -27,000,000 -23,000,000 -6,000,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 125,000,000 181,000,000 203,000,000 230,000,000
Operating Income -53,000,000 -35,000,000 -33,000,000 -15,000,000
Income Expense Net (Other) -55,000,000 12,000,000 -121,000,000 1,000,000
EBIT -53,000,000 -35,000,000 -33,000,000 -15,000,000
Interest Income 12,000,000 14,000,000 16,000,000 17,000,000
Pretax Income -108,000,000 -23,000,000 -154,000,000 -14,000,000
Income Tax -1,000,000 -2,000,000 0 -2,000,000
Minority Interest 0 0 0 0
Net Income -107,000,000 -21,000,000 -154,000,000 -12,000,000
Net Income Basic -107,000,000 -21,000,000 -154,000,000 -12,000,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Net Income -107,000,000 -21,000,000 -154,000,000 -12,000,000
Depreciation 42,000,000 40,000,000 44,000,000 47,000,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -40,000,000 133,000,000 37,000,000 22,000,000
Cash Flow -25,000,000 5,000,000 22,000,000 33,000,000
Capital Expenditures -5,000,000 -9,000,000 -13,000,000 -14,000,000
Investments 19,000,000 88,000,000 80,000,000 62,000,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 21,000,000 81,000,000 65,000,000 52,000,000
Dividends Paid -11,000,000 -11,000,000 -11,000,000 -12,000,000
Net Borrowings -21,000,000 60,000,000 -52,000,000 -43,000,000
Cash Flow Financing -36,000,000 47,000,000 -50,000,000 -63,000,000
Financing Cash Flows (Other) -4,000,000 -2,000,000 14,000,000 -4,000,000
Exchange Rate Effect 0 0 0 0

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
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
Rating Leverage Section Avg. Rating
0 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
0 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.8
3 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.5
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
6 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
1 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
3 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
2 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
5 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
10 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.3
3.4 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.

REITProperty


Below are some of the properties owned by this CPLG. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
El Paso – Cielo Vista Hotel 9125 Gateway West El Paso TX
Charlotte - Airport South Hotel 4900 South Tryon Street Charlotte NC
Atlanta - Perimeter/Medical Center Hotel 6260 Peachtree Dunwoody Atlanta GA

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Last updated: 2021-12-07 - v2.4