Last $4.58 USD
Change Today +0.04 / 0.88%
Volume 1.6M
NCT On Other Exchanges
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1345 Avenue of the Americas

New York, NY 10105

United States

Phone: 212-798-6100


Newcastle Investment Corp. operates as a real estate investment (REIT) and finance company. The company invests in, and manages, a portfolio of real estate securities, loans, excess mortgage servicing rights, and other real estate related assets. The company conducts business through the following segments: Investments financed with non-recourse collateralized debt obligations (non-recourse CDOs); Unlevered investments in deconsolidated Newcastle CDO debt; Unlevered excess mortgage servicing rights; Investments in senior living assets financed with non-recourse debt; Investments financed with other non-recourse debt; Investments and debt repurchases financed with recourse debt; and Other unlevered investments. The company’s investments cover the following categories: Real Estate Securities The company underwrites, acquires, and manages a portfolio of credit sensitive real estate securities, including commercial mortgage backed securities; senior unsecured REIT debt issued by REITs; real estate related asset backed securities, including subprime securities; and the Federal National Mortgage Association/Federal Home Loan Mortgage Corp. securities. Real Estate Related Loans The company acquires and originates loans to real estate owners, including B-notes, mezzanine loans, corporate bank loans, and whole loans. Residential Mortgage Loans The company acquires residential mortgage loans, including manufactured housing loans and subprime mortgage loans. Operating Real Estate The company acquires and manages direct and indirect interests in operating real estate. Excess Mortgage Servicing Rights: The company invests in Excess Mortgage Servicing Rights. Investment Strategy The company’s investment strategy focuses primarily on debt investments secured by real estate. Tax Status The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended. As a result, the company generally is not subject to Federal or State income taxation at the corporate level to the extent it distributes annually at least 90% of its REIT taxable income to its shareholders and satisfies certain other requirements. History Newcastle Investment Corp. was founded in 1998.


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Valuation NCT Industry Range
Price/Earnings 11.4x
Price/Sales 4.5x
Price/Book 1.4x
Price/Cash Flow 8.7x
TEV/Sales NM Not Meaningful

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