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 $36.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

36.7 m

Net income (Q1, 2017)

419 k

EBIT (Q1, 2017)

2.8 m

Market capitalization (21-Jul-2017)

1.4 b

Cash (31-Mar-2017)

45.5 m
New York REIT's current market capitalization is $1.4 b.
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

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)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

35.9 m40.5 m40.9 m43.7 m44.6 m36.7 m39.9 m41.3 m36.7 m

General and administrative expense

876 k3.3 m4 m5.2 m6.5 m(3.3 m)609 k1.8 m(3.3 m)

Operating expense total

876 k3.3 m4 m5.2 m6.5 m(3.3 m)609 k1.8 m(3.3 m)

EBIT

(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

EBIT margin, %

(189%)43%(9%)(8%)(14%)8%(8%)(93%)8%

Interest expense

(4.8 m)(8.4 m)(5.9 m)(6 m)(7.2 m)(9.7 m)(9.3 m)(8.9 m)(9.7 m)

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
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

Accounts Payable

30.7 m7.1 m

Dividends Payable

20 k27 k12 k

Total Liabilities

1.2 b

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

50.6 m26.1 m49.4 m27.5 m20.4 m100.2 m88.1 m59.8 m45.5 m

Accounts Receivable

8.2 m

Total Assets

1.8 b2.1 b2.1 b2.1 b2.1 b2 b2 b1.9 b2.2 b

Accounts Payable

25.9 m24.3 m

Dividends Payable

12 k48 k26 k17 k17 k17 k

Additional Paid-in Capital

1.4 b1.4 b1.4 b1.4 b1.4 b1.4 b1.4 b1.4 b1.4 b

Retained Earnings

(200.5 m)(209.5 m)(282.3 m)(309.7 m)(341.1 m)(387.7 m)(418.2 m)(482.5 m)(515.1 m)

Total Equity

1.2 b1.2 b1.2 b1.1 b1.1 b1.1 b1 b964.8 m941.7 m

Financial Leverage

1.5 x1.8 x1.8 x1.8 x1.9 x1.9 x1.9 x2 x2.3 x
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

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

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 m(25.7 m)
Y, 2017

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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