Last $4.77 USD
Change Today +0.03 / 0.63%
Volume 2.1M
NCT On Other Exchanges
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Exchange
New York
As of 8:04 PM 07/11/14 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

Fax:

Newcastle Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in senior housing properties, real estate debt, and other investments. The company is externally managed and advised by an affiliate of Fortress Investment Group LLC, or Fortress. In its senior housing business, the company acquires and owns senior housing properties. The company’s managed properties are managed by affiliates or subsidiaries of either Holiday Acquisition Holdings LLC (Holiday) or FHC Property Management LLC (together with its subsidiaries, Blue Harbor). As of December 31, 2013, the company owned 33 managed properties and 51 triple net lease properties. The company acquired 21 other senior housing properties. Its properties are located across 25 states. The company’s portfolio of senior housing properties is broadly diversified by geographic location throughout the United States. As of December 31, 2013, either Blue Harbor or Holiday managed all of the company’s managed properties. The Holiday Portfolio is leased to Holiday pursuant to two triple net master leases. 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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NCT

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Valuation NCT Industry Range
Price/Earnings 15.7x
Price/Sales 4.0x
Price/Book 2.3x
Price/Cash Flow 9.5x
TEV/Sales NM Not Meaningful
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