NorthStar Realty Europe (NorthStar Realty Europe) Net-Net Working Capital : $-4.27 (As of Jun. 2019)

View and export this data going back to 2015. Start your Free Trial

What is NorthStar Realty Europe Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

NorthStar Realty Europe's Net-Net Working Capital for the quarter that ended in Jun. 2019 was $-4.27.

The industry rank for NorthStar Realty Europe's Net-Net Working Capital or its related term are showing as below:

NRE's Price-to-Net-Net-Working-Capital is not ranked ^*
in the REITs industry.
Industry Median: 12.225
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

NorthStar Realty Europe Net-Net Working Capital Historical Data

The historical data trend for NorthStar Realty Europe's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NorthStar Realty Europe Net-Net Working Capital Chart

NorthStar Realty Europe Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Net-Net Working Capital

Get a 7-Day Free Trial

-1.42

-27.08

-21.34

-22.56

-6.15

NorthStar Realty Europe Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Net-Net Working Capital	Get a 7-Day Free Trial															-21.76	-22.15	-6.15	-5.27	-4.27

Competitive Comparison of NorthStar Realty Europe's Net-Net Working Capital

For the REIT - Office subindustry, NorthStar Realty Europe's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NorthStar Realty Europe's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, NorthStar Realty Europe's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where NorthStar Realty Europe's Price-to-Net-Net-Working-Capital falls into.

NorthStar Realty Europe Net-Net Working Capital Calculation

NorthStar Realty Europe's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2018 is calculated as

	Net-Net Working Capital		(A: Dec. 2018 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(438.931	+	0.75 * 8.989	+	0.5 * 0	-	747.396
-	0	-	4.458)	/	49.8074
=	-6.15

NorthStar Realty Europe's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2019 is calculated as

	Net-Net Working Capital		(Q: Jun. 2019 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(377.393	+	0.75 * 12.608	+	0.5 * 0	-	597.511
-	0	-	4.062)	/	50.2896
=	-4.27

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

NorthStar Realty Europe (NYSE:NRE) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.

NorthStar Realty Europe Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of NorthStar Realty Europe's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.

NorthStar Realty Europe (NorthStar Realty Europe) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NorthStar Realty Europe Corp (NYSE:NRE) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

590 Madison Avenue, 34th Floor, New York, NY, USA, 10022

Website

http://www.nrecorp.com

NorthStar Realty Europe Corp is functional in the real estate sector in the United States. Its business is that of a real estate investment trust with its prime focus on European office properties with the objective of providing stockholders with stable and recurring cash flow supplemented by capital growth over time. The company has two basic segments of operation: Real Estate and Corporate. The Real Estate segment includes its European commercial real estate business, which is primarily focused on office properties in Germany. Its investments in other countries include UK, Netherlands, France, Italy, Belgium, Sweden, and Portugal.

Executives

W D Minami	director	C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Mahbod Nia	director, officer: Chief Executive Officer	C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Thomas Jr Barrack	director	C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Judith A Hannaway	director	C/O FORTRESS INVESTMENT GROUP, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Oscar Junquera	director	C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Keith A. Feldman	officer: CFO and Treasurer	C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Richard B Saltzman	director	C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Digitalbridge Group, Inc.	10 percent owner	750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487
Digitalbridge Operating Company, Llc	10 percent owner	750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487
David T Hamamoto	director	C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Albert Tylis	director	C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Charles W Schoenherr	director	C/O DIAMONDHEAD HOLDINGS CORP., 250 PARK AVE., 7TH FLOOR, NEW YORK NY 10177
Debra Ann Hess	officer: Interim CFO	C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022