OverviewSuggest Edit

Exantas Capital Corp. (formerly Resource Capital Corp.) is a commercial real estate specialty finance company which primarily focuses on the origination, holding, and management of commercial mortgage loans and other commercial real estate-related debt investments. It invests in commercial real estate-related assets, and residential real estate-related assets. The Company is also involved in the investment of commercial finance assets. It qualifies as a real estate investment trust (REIT) for federal income tax purposes.

TypePublic
Founded2005
HQNew York, US
Websiteexantas.com

Latest Updates

Revenue (FY, 2019)$61.2 M(+11%)
Share Price (May 2020)$2 (-8%)

Key People/Management at Exantas Capital

Andrew L. Farkas

Andrew L. Farkas

Chairman
Robert C. Lieber

Robert C. Lieber

Chief Executive Officer
Matthew J. Stern

Matthew J. Stern

President
David J. Bryant

David J. Bryant

Chief Financial Officer
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Exantas Capital Office Locations

Exantas Capital has offices in New York and Philadelphia
New York, US (HQ)
712 Fifth Avenue, 712 5th Ave 12th Floor
Philadelphia, US
1 Crescent Dr #203
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Exantas Capital Financials and Metrics

Exantas Capital Revenue

Exantas Capital's revenue was reported to be $61.15 m in FY, 2019
USD

Revenue (Q1, 2020)

14.9m

Net income (Q1, 2020)

(196.5m)

EBIT (Q1, 2020)

(196.5m)

Market capitalization (29-May-2020)

64.1m

Closing stock price (29-May-2020)

2.0

Cash (31-Mar-2020)

42.8m

EV

1.7b
Exantas Capital's current market capitalization is $64.1 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

94.2m123.7m91.0m99.4m102.0m62.7m43.7m55.3m61.2m

Revenue growth, %

9%3%24%

Cost of goods sold

2.7m8.0m14.1m5.4m6.0k

Gross profit

91.4m115.7m76.9m94.0m102.0m62.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

21.5m23.4m25.4m25.3m26.5m30.6m21.6m23.8m31.9m34.6m34.7m24.4m24.2m23.7m23.6m19.5m25.1m12.1m10.3m10.3m11.5m13.7m14.5m14.6m15.6m16.6m14.9m

Cost of goods sold

176.0k1.1m1.3m1.3m1.8m3.9m3.6m3.5m3.4m1.1m695.0k6.0k

Gross profit

21.3m22.4m24.0m24.0m24.7m26.6m18.0m20.3m28.5m33.5m34.0m24.4m24.2m23.7m23.6m19.5m25.1m

Gross profit Margin, %

99%95%95%95%93%87%83%85%89%97%98%100%100%100%100%100%100%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

43.1m85.3m262.3m79.9m78.8m116.0m181.5m82.8m80.0m

Accounts Receivable

25.6m6.8m40.9m17.9m6.4m

Prepaid Expenses

10.4m2.9m4.2m3.2m

Inventories

Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

46.9m28.9m37.6m31.9m112.7m67.7m168.4m144.5m166.7m222.3m163.3m217.4m145.0m104.7m71.4m65.2m114.6m157.8m102.7m283.0m61.5m80.2m48.1m55.7m47.2m51.3m42.8m

Accounts Receivable

20.0k3.1m7.0k1.0k32.0m34.3m26.9m11.5m32.1m8.1m44.6m13.9m20.0k

Prepaid Expenses

6.5m8.5m3.8m6.1m5.0m4.2m4.2m4.5m4.3m3.9m5.0m2.8m5.1m4.6m

Total Assets

2.0b2.2b2.3b2.3b2.3b2.4b2.4b2.3b2.3b2.6b2.6b2.9b2.8b2.8b2.4b2.4b2.2b2.0b1.9b1.9b1.8b1.9b2.0b2.2b2.5b2.5b2.1b
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

37.7m64.4m46.5m62.2m17.2m(30.6m)33.3m27.4m36.0m

Depreciation and Amortization

4.6m5.9m3.9m2.7m19.7m(16.5m)3.2m2.9m3.4m

Accounts Payable

15.4m7.6m(9.1m)(3.4m)2.3m447.0k750.0k52.0k(4.2m)

Cash From Operating Activities

33.0m41.0m68.4m(69.6m)70.0m41.8m220.8m48.2m43.3m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

22.4m37.3m14.5m30.9m49.4m12.6m21.2m45.3m17.5m35.2m49.5m18.0m(4.7m)10.0m14.0m18.5m(27.1m)8.6m17.0m35.7m110.0k8.8m17.5m8.1m17.0m29.6m(196.5m)

Depreciation and Amortization

1.0m2.9m1.4m2.7m4.0m1.1m2.1m3.1m836.0k2.7m3.8m1.2m5.6m10.1m652.0k4.1m4.5m(349.0k)671.0k1.8m916.0k980.0k1.9m446.0k1.3m1.9m747.0k

Cash From Operating Activities

22.4m20.8m(4.5m)13.1m55.1m23.3m46.7m66.8m19.2m13.9m(9.9m)9.7m42.8m34.2m(18.3m)(46.9m)(71.3m)69.4m40.3m203.4m11.6m22.4m31.2m4.0m17.7m28.4m2.3m

Purchases of PP&E

(269.0k)(332.0k)(362.0k)(171.0k)(228.0k)(5.0k)
USDY, 2020

EV/EBIT

-8.9 x

EV/CFO

746.9 x

Financial Leverage

6.1 x
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Exantas Capital Online and Social Media Presence

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Exantas Capital News and Updates

Exantas Capital Corp. Reports Results For Three Months And Year Ended December 31, 2019

NEW YORK, March 3, 2020 /PRNewswire/ -- Exantas Capital Corp. (NYSE: XAN) ("XAN" or the "Company") reports results for the three months and year ended December 31, 2019. Significant Items and Highlights GAAP net income allocable to common shares was $0.12 per share-diluted for the three...

Exantas Capital Corp. Announces Pricing of a $522.6 Million CLO Backed by Commercial Mortgage Loans

NEW YORK, March 3, 2020 /PRNewswire/ -- Exantas Capital Corp. (NYSE: XAN) (the "Company") announced that its newly formed subsidiary, Exantas Capital Corp. 2020-RSO8, Ltd. (the "Issuer"), will issue $435.7 million of non-recourse, floating-rate notes ("Offered Notes," the "Securities" or...

Exantas Capital Corp. Reports Results For Three And Nine Months Ended September 30, 2019

NEW YORK, Oct. 30, 2019 /PRNewswire/ -- Exantas Capital Corp. (NYSE: XAN) ("XAN" or the "Company") reports results for the three and nine months ended September 30, 2019. Significant Items and Highlights GAAP net income allocable to common shares was $0.31 per share-diluted for the three...

Exantas Capital Corp. Reports Results For Three And Six Months Ended June 30, 2019

NEW YORK, July 31, 2019 /PRNewswire/ -- Exantas Capital Corp. (NYSE: XAN) ("XAN" or the "Company") reports results for the three and six months ended June 30, 2019. Significant Items and Highlights GAAP net income allocable to common shares of $0.20 per share-diluted for the three months...

Exantas Capital Corp. to Report Operating Results for Second Quarter 2019

NEW YORK, July 17, 2019 /PRNewswire/ -- Exantas Capital Corp. (NYSE:XAN) (the "Company") announced today that it will release its second quarter 2019 operating results on Wednesday, July 31, 2019, after the market closes, and it invites investors and other interested parties to listen to...

Exantas Capital Corp. Announces Acquisition of a $197 Million Portfolio of Floating-Rate Commercial Real Estate Mortgage Loans from C-III Commercial Mortgage

NEW YORK, May 29, 2019 /PRNewswire/ -- Exantas Capital Corp. (NYSE: XAN) (the "Company" or "Exantas") announced that it acquired a $196.8 million portfolio of floating-rate commercial real estate mortgage loans from C-III Commercial Mortgage LLC, which is an affiliate of the Company's...
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Exantas Capital Frequently Asked Questions

  • When was Exantas Capital founded?

    Exantas Capital was founded in 2005.

  • Who are Exantas Capital key executives?

    Exantas Capital's key executives are Andrew L. Farkas, Robert C. Lieber and Matthew J. Stern.

  • What is Exantas Capital revenue?

    Latest Exantas Capital annual revenue is $61.2 m.

  • Who are Exantas Capital competitors?

    Competitors of Exantas Capital include Eastern Union Funding, PGIM and Bank7.

  • Where is Exantas Capital headquarters?

    Exantas Capital headquarters is located at 712 Fifth Avenue, 712 5th Ave 12th Floor, New York.

  • Where are Exantas Capital offices?

    Exantas Capital has offices in New York and Philadelphia.

  • How many offices does Exantas Capital have?

    Exantas Capital has 2 offices.