Last $18.60 USD
Change Today -0.08 / -0.43%
Volume 1.8M
NRF On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

northstar realty finance (NRF) Snapshot

Open
$18.65
Previous Close
$18.68
Day High
$18.75
Day Low
$18.51
52 Week High
08/27/14 - $18.84
52 Week Low
07/31/14 - $15.95
Market Cap
3.7B
Average Volume 10 Days
2.6M
EPS TTM
$-0.07
Shares Outstanding
197.9M
EX-Date
08/14/14
P/E TM
--
Dividend
$2.00
Dividend Yield
2.69%
Current Stock Chart for NORTHSTAR REALTY FINANCE (NRF)

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northstar realty finance (NRF) Details

NorthStar Realty Finance Corp., a real estate investment trust (REIT), operates as a commercial real estate (CRE) investment and asset management company in the United States. It focuses on originating, structuring, acquiring, and managing senior and subordinate debt investments secured primarily by commercial, multifamily, and healthcare properties, which include first mortgage loans, subordinate mortgage interests, mezzanine loans, credit tenant loans, and other loans, such as preferred equity interests in borrowers who own such properties. The company's net lease properties primarily include office, industrial, and retail properties leased under net leases to corporate tenants; and healthcare properties focusing on mid-acuity facilities, such as skilled nursing and assisted living facilities leased under net leases to healthcare operators; and manufactured housing communities. Its asset management business focuses on commercial real estate related activities, such as sponsoring and advising its sponsored REITs; and managing and advising its collateralized debt obligation financing transactions. NorthStar Realty Finance Corp. also invests in CRE securities, including CMBS, unsecured REIT debt, and CDO notes backed primarily by CRE securities and CRE debt. The company has elected to be taxed as a REIT and it would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. NorthStar Realty Finance Corp. was founded in 1997 and is headquartered in New York, New York.

155 Employees
Last Reported Date: 02/28/14
Founded in 1997

northstar realty finance (NRF) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $3.1M
President
Total Annual Compensation: $2.1M
Chief Financial Officer and Principal Account...
Total Annual Compensation: $982.6K
Chief Operating Officer and Chief Investment ...
Total Annual Compensation: $2.0M
Executive Vice President, General Counsel and...
Total Annual Compensation: $703.8K
Compensation as of Fiscal Year 2013.

northstar realty finance (NRF) Key Developments

NorthStar Realty Finance Corp. Reports Consolidated Unaudited Earnings Result for the Second Quarter and Six Months Ended June 30, 2014

NorthStar Realty Finance Corp. reported consolidated unaudited earnings result for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $75,867,000 compared with $73,148,000 for the same period last year. Loss from continuing operations was $59,916,000 compared with income from continuing operations $1,694,000 for the same period last year. Loss attributable to NorthStar Realty Finance Corp. common stockholders was $73,566,000 or $0.42 diluted per share compared with $12,626,000 or $0.13 diluted per share for the same period last year. For the six months, the company reported net interest income of $154,546,000 compared with $143,483,000 for the same period last year. Loss from continuing operations was $176,883,000 compared with income from continuing operations $53,359,000 for the same period last year. Loss attributable to NorthStar Realty Finance Corp. common stockholders was $208,527,000 or $1.25 diluted per share compared with income attributable to NorthStar Realty Finance Corp. common stockholders of $23,996,000 or $0.26 diluted per share for the same period last year.

NorthStar Realty Finance Corp. Declares Common Stock Dividend for the Second Quarter Ended June 30, 2014, Payable on August 22, 2014; Provides Dividend Guidance for the Quarters Ending September 30, 2014 and December 31, 2014

NorthStar Realty Finance Corp. announced that its Board of Directors has declared a cash dividend of $0.50 per share of common stock, payable with respect to the quarter ended June 30, 2014. The dividend is expected to be paid on August 22, 2014 to shareholders of record as of the close of business on August 18, 2014. NorthStar Realty's common shares will begin trading ex-dividend on August 14, 2014. Following the completion of the spin-off of NorthStar Asset Management Group Inc. as of July 1, 2014, NorthStar Realty expects to pay a quarterly dividend of $0.40 per share of common stock for each of the quarters ending September 30, 2014 and December 31, 2014.

NorthStar Realty Finance Corp. Enters into $500 Million Revolving Corporate Credit Facility

NorthStar Realty Finance Corp. announced that it has entered into a $500 million revolving corporate credit facility with a three year term. Advances under the revolving credit facility accrue interest at a per annum rate of LIBOR + 3.50%. Deutsche Bank Securities Inc., acted as the sole lead arranger and sole bookrunner on the credit facility.

 

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NRF Competitors

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Company Last Change
American Capital Ltd $15.46 USD -0.03
Chimera Investment Corp $3.29 USD -0.01
MFA Financial Inc $8.39 USD +0.01
New Residential Investment Corp $6.25 USD -0.03
Starwood Property Trust Inc $23.81 USD -0.01
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Industry Analysis

NRF

Industry Average

Valuation NRF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.2x
Price/Book 1.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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