New York REIT began as New York Recovery REIT, the public, non-traded investment offering dedicated to identifying and unlocking upside value in a commercial real estate market still recuperating from the economic strains of The Great Recession. Where many saw only crisis, the well-capitalized New York REIT team saw an opportunity to drive returns by investing in quality assets at or below replacement cost in order to generate regular, stable returns and provide their shareholders with longer-term capital appreciation opportunities. Today, New York REIT remains 100% invested in New York City as well as 100% committed to its goal of partnering with investors in order to take advantage of the extraordinary opportunity to create value through the ownership and management of that which makes the city so iconic – its commercial real estate.

Type
Public
HQ
New York, US
Founded
2009
Website
nyrt.com
New York REIT was founded in 2009 and is headquartered in New York, US
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New York REIT Office Locations

New York REIT has an office in New York
New York, US (HQ)
405 Park Ave
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New York REIT Financials and Metrics

New York REIT Financials

New York REIT's revenue was reported to be $160.27 m in FY, 2016 which is a 8.2% decrease from the previous period.
USD

Revenue (Q3, 2017)

41.3 m

Net income (Q3, 2017)

(46.4 m)

EBIT (Q3, 2017)

(38.2 m)

Market capitalization (14-Mar-2018)

364.5 m

Cash (30-Sep-2017)

45.5 m
New York REIT's current market capitalization is $364.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

55.9 m155.6 m174.5 m160.3 m

Revenue growth, %

178%12%(8%)

General and administrative expense

12.8 m

Operating expense total

12.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

15.7 m33.6 m35.9 m40.5 m40.9 m43.7 m44.6 m36.7 m39.9 m41.3 m36.7 m39.9 m41.3 m

General and administrative expense

183 k1.4 m876 k3.3 m4 m5.2 m6.5 m3.3 m609 k1.8 m3.3 m609 k

Operating expense total

18.4 m39.7 m103.8 m23.3 m44.6 m47.1 m50.7 m33.9 m43.2 m79.5 m33.9 m43.2 m79.5 m

EBIT

(2.7 m)(6.1 m)(67.8 m)17.2 m(3.7 m)(3.5 m)(6.1 m)2.8 m(3.3 m)(38.2 m)2.8 m(3.3 m)(38.2 m)
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

233.4 m22.5 m98.6 m45.5 m

Accounts Receivable

43 m

Total Assets

2 b2.1 b2.1 b2.2 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

376.6 m237 m50.6 m26.1 m49.4 m27.5 m20.4 m100.2 m88.1 m59.8 m45.5 m45.5 m45.5 m

Accounts Receivable

8.2 m4.9 m

Total Assets

1.2 b2 b1.8 b2.1 b2.1 b2.1 b2.1 b2 b2 b1.9 b2.2 b2.2 b2.2 b

Accounts Payable

23.6 m26.7 m25.9 m24.3 m2.7 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(19.3 m)(94.3 m)(40.3 m)(83.9 m)

Depreciation and Amortization

33.9 m84.8 m82.7 m69 m

Accounts Payable

7.8 m(8.7 m)(102 k)3.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(67.7 m)(66.4 m)(8.5 m)(17.4 m)(30.6 m)419 k(11.4 m)(57.8 m)419 k(11.4 m)(46.4 m)

Depreciation and Amortization

20.5 m24.3 m47.7 m62.9 m20.7 m42.9 m63.4 m17.2 m33.8 m50.1 m17.2 m33.8 m

Accounts Payable

(713 k)(4.3 m)(2.8 m)(4.4 m)1.8 m550 k3.6 m193 k2.2 m2.7 m193 k2.2 m2.7 m

Cash From Operating Activities

6.4 m4.6 m2.2 m1.1 m14.4 m16.3 m33.2 m5.7 m6.1 m(3 m)5.7 m6.1 m(3 m)
USDY, 2017

Financial Leverage

2.3 x
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