New York REIT

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

New York REIT Office Locations

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

New York REIT Data and Metrics

New York REIT Financial Metrics

New York REIT's revenue was reported to be $160.3 m in FY, 2016 which is a 8% decrease from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

160.3 m

Revenue growth (FY, 2015 - FY, 2016), %

(8%)

Net income (FY, 2016)

(83.9 m)

EBIT (FY, 2016)

(52.8 m)

Market capitalization (26-May-2017)

1.4 b

Closing share price (26-May-2017)

8.6

Cash (31-Dec-2016)

45.5 m
New York REIT's current market capitalization is $1.4 b.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

55.9 m155.6 m174.5 m160.3 m

Revenue growth, %

178%12%(8%)

Operating expense total

67.3 m227.5 m195.4 m213 m

EBIT

(13.4 m)(70.5 m)(22.8 m)(52.8 m)

EBIT margin, %

(24%)(45%)(13%)(33%)

Interest expense

10.7 m23.7 m29.4 m40.2 m

Interest income

21 k

Net Income

(19.3 m)(94.3 m)(40.3 m)(83.9 m)
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

233.4 m22.5 m98.6 m45.5 m

Accounts Receivable

Inventories

Total Assets

2 b2.1 b2.1 b2.2 b

Accounts Payable

30.7 m

Dividends Payable

20 k27 k12 k

Additional Paid-in Capital

1.5 b1.4 b1.4 b1.4 b

Retained Earnings

(86 m)(255.5 m)(369.3 m)(515.1 m)

Total Equity

1.4 b1.2 b1.1 b941.7 m

Financial Leverage

1.4 x1.8 x1.9 x2.3 x
Numbers are in $, 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 Receivable

Inventories

Accounts Payable

7.8 m(8.7 m)(102 k)3.3 m

Cash From Operating Activities

9.4 m6.5 m37.7 m(3.4 m)

Purchases of PP&E

(2.6 m)(6.3 m)(156 k)

Capital Expenditures

(12.1 m)(11.8 m)(30.3 m)(22.3 m)

Cash From Investing Activities

(1.3 b)(327.8 m)61.9 m40.7 m

Long-term Borrowings

Dividends Paid

(66.1 m)(74.7 m)(63.3 m)

Cash From Financing Activities

1.5 b110.4 m(23.5 m)(90.4 m)

Interest Paid

7.9 m15.5 m21.7 m28.2 m

Free Cash Flow

21.5 m18.3 m68 m18.9 m
Y, 2016

Financial Leverage

2.3 x

New York REIT Market Value History

New York REIT Online and Social Media Presence

New York REIT Company Life and Culture

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