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RNY Property Trust

ASX:RNY
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RNY
ASX
A$1M
Market Cap
  1. Home
  2. AU
  3. Real Estate
Company description

The Responsible Entity of the Trust was changed to Huntley Management Limited ABN 52 089 240 513 AFSL 229754 (‘Huntley’) on 2 July 2018. The last earnings update was 118 days ago. More info.


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RNY Share Price and Events
7 Day Returns
0%
ASX:RNY
2.9%
AU REITs
2.1%
AU Market
1 Year Returns
0%
ASX:RNY
19.2%
AU REITs
5.6%
AU Market
RNY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RNY Property Trust (RNY) 0% 0% 0% 0% -96.2% -98.1%
AU REITs 2.9% 3.7% 6.1% 19.2% 20.1% 67.5%
AU Market 2.1% 3.3% 8.4% 5.6% 27.8% 15.1%
1 Year Return vs Industry and Market
  • RNY underperformed the REITs industry which returned 19.2% over the past year.
  • RNY underperformed the Market in Australia which returned 5.6% over the past year.
Price Volatility
RNY
Industry
5yr Volatility vs Market

RNY Value

 Is RNY Property Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for RNY Property Trust. This is due to cash flow or dividend data being unavailable. The share price is A$0.005.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for RNY Property Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RNY Property Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:RNY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:RNY Share Price ** ASX (2019-03-28) in AUD A$0.01
Australia REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 12.28x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of RNY Property Trust.

ASX:RNY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:RNY Share Price ÷ EPS (both in AUD)

= 0.01 ÷ 0.00

-2.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RNY Property Trust is loss making, we can't compare its value to the AU REITs industry average.
  • RNY Property Trust is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does RNY Property Trust's expected growth come at a high price?
Raw Data
ASX:RNY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia REITs Industry PEG Ratio Median Figure of 32 Publicly-Listed REITs Companies 1.08x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for RNY Property Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on RNY Property Trust's assets?
Raw Data
ASX:RNY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.02
ASX:RNY Share Price * ASX (2019-03-28) in AUD A$0.01
Australia REITs Industry PB Ratio Median Figure of 42 Publicly-Listed REITs Companies 1.15x
Australia Market PB Ratio Median Figure of 1,689 Publicly-Listed Companies 1.64x
ASX:RNY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:RNY Share Price ÷ Book Value per Share (both in AUD)

= 0.01 ÷ 0.02

0.26x

* Primary Listing of RNY Property Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RNY Property Trust is good value based on assets compared to the AU REITs industry average.
X
Value checks
We assess RNY Property Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. RNY Property Trust has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RNY Future Performance

 How is RNY Property Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as RNY Property Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.6%
Expected REITs industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RNY Property Trust expected to grow at an attractive rate?
  • Unable to compare RNY Property Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare RNY Property Trust's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare RNY Property Trust's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:RNY Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia REITs Industry Earnings Growth Rate Market Cap Weighted Average -3.6%
Australia REITs Industry Revenue Growth Rate Market Cap Weighted Average 0.2%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:RNY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:RNY Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 16 0 -1
2018-09-30 55 7 -5
2018-06-30 51 15 -9
2018-03-31 40 14 -21
2017-12-31 28 14 -33
2017-09-30 -6 7 -44
2017-06-30 3 0 -56
2017-03-31 29 0 -53
2016-12-31 55 0 -51
2016-09-30 57 0 -65
2016-06-30 58 0 -80
2016-03-31 57 0 -73

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if RNY Property Trust is high growth as no earnings estimate data is available.
  • Unable to determine if RNY Property Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:RNY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from RNY Property Trust Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:RNY Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2018-09-30 -0.02
2018-06-30 -0.03
2018-03-31 -0.08
2017-12-31 -0.13
2017-09-30 -0.17
2017-06-30 -0.21
2017-03-31 -0.20
2016-12-31 -0.19
2016-09-30 -0.25
2016-06-30 -0.30
2016-03-31 -0.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if RNY Property Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine RNY Property Trust's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. RNY Property Trust's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. RNY Property Trust's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess RNY Property Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
RNY Property Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RNY Past Performance

  How has RNY Property Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare RNY Property Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • RNY Property Trust does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare RNY Property Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare RNY Property Trust's 1-year growth to the AU REITs industry average as it is not currently profitable.
Earnings and Revenue History
RNY Property Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from RNY Property Trust Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:RNY Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 15.69 -0.51 0.65
2018-09-30 55.14 -4.84 0.50
2018-06-30 51.26 -9.17 0.35
2018-03-31 39.63 -21.07 0.35
2017-12-31 28.01 -32.98 0.34
2017-09-30 -6.04 -44.28 0.30
2017-06-30 3.25 -55.59 0.26
2017-03-31 29.23 -53.09 0.27
2016-12-31 55.21 -50.59 0.27
2016-09-30 56.56 -65.32 0.28
2016-06-30 57.90 -80.05 0.28
2016-03-31 57.41 -73.13 0.28
2015-12-31 56.93 -66.21 0.29
2015-09-30 54.63 -41.58 0.29
2015-06-30 52.33 -16.95 0.30
2015-03-31 50.91 -14.10 0.29
2014-12-31 49.48 -11.25 0.28
2014-09-30 50.02 -4.02 0.28
2014-06-30 50.56 3.22 0.27
2014-03-31 51.08 7.18 0.27
2013-12-31 51.59 11.14 0.27
2013-09-30 48.37 13.40 0.27
2013-06-30 45.15 15.66 0.27
2013-03-31 48.89 27.25 0.28
2012-12-31 52.62 38.84 0.29
2012-09-30 69.53 30.24 0.29
2012-06-30 68.96 21.64 0.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if RNY Property Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • RNY Property Trust used its assets more efficiently than the AU REITs industry average last year based on Return on Assets.
  • It is difficult to establish if RNY Property Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess RNY Property Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
RNY Property Trust has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RNY Health

 How is RNY Property Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up RNY Property Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RNY Property Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • RNY Property Trust's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of RNY Property Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 23.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from RNY Property Trust Company Filings, last reported 5 months ago.

ASX:RNY Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5.11 0.29 0.02
2018-09-30 5.11 0.29 0.02
2018-06-30 4.78 0.17 5.73
2018-03-31 4.78 0.17 5.73
2017-12-31 4.87 0.23 5.21
2017-09-30 4.87 0.23 5.21
2017-06-30 11.53 6.24 0.15
2017-03-31 11.53 6.24 0.15
2016-12-31 43.29 6.58 0.06
2016-09-30 43.29 6.58 0.06
2016-06-30 71.49 6.05 0.10
2016-03-31 71.49 6.05 0.10
2015-12-31 92.32 6.09 0.13
2015-09-30 92.32 6.09 0.13
2015-06-30 145.26 5.50 0.07
2015-03-31 145.26 5.50 0.07
2014-12-31 141.28 5.14 0.08
2014-09-30 141.28 5.14 0.08
2014-06-30 132.77 4.22 0.07
2014-03-31 132.77 4.22 0.07
2013-12-31 139.53 4.50 0.20
2013-09-30 139.53 4.50 0.20
2013-06-30 178.00 348.85 19.42
2013-03-31 178.00 348.85 19.42
2012-12-31 108.98 3.66 0.09
2012-09-30 146.72 315.22 13.40
2012-06-30 139.96 318.40 11.00
  • RNY Property Trust's level of debt (5.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.2% vs 5.7% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making RNY Property Trust has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making RNY Property Trust has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -85.8% per year.
X
Financial health checks
We assess RNY Property Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. RNY Property Trust has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RNY Dividends

 What is RNY Property Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from RNY Property Trust dividends.
If you bought A$2,000 of RNY Property Trust shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate RNY Property Trust's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate RNY Property Trust's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:RNY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia REITs Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 4.3%
Australia Market Average Dividend Yield Market Cap Weighted Average of 416 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:RNY Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2010-08-05 0.000 0.000
2010-07-15 0.000 0.000
2010-02-25 0.000 0.000
2010-01-15 0.000 0.000
2009-08-06 0.000 0.000
2009-03-26 0.045 57.200
2009-02-27 0.045 97.025

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as RNY Property Trust has not reported any payouts.
  • Unable to verify if RNY Property Trust's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of RNY Property Trust's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as RNY Property Trust has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess RNY Property Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can RNY Property Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RNY Property Trust has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RNY Management

 What is the CEO of RNY Property Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Scott Rechler
AGE 50
CEO Bio

Mr. Scott H. Rechler serves as the Chief Executive Officer at Wyoming Acquisition GP LLC. Mr. Rechler serves as the Chief Executive Officer and Chairman of RXR Realty LLC and RNY Australia Management Limited. Since its formation in January 2007, he has been leading RXR in becoming one of the New York Tri-State area's leading real estate companies. He served as the Chairman and Chief Executive Officer at Frontline Capital Group and served as its President since 1997. He served as the Chief Executive Officer at Reckson Associates Realty Corp. since December 2003. He served as the President at Reckson Associates Realty Corp. from December 2003 to April 2006 and served as its Chief Operating Officer from its formation in September 1994 to May 1999. Mr. Rechler served as an Executive of Reckson since 1989 and Keystone Property Trust. He was the Architect of Reckson's IPO in 1995. Mr. Rechler served as an Interim Executive Officer of HQ Global Holdings Inc. He serves as Executive Chairman at Reckson Australia Management Limited. He has been Chairman of Wyoming Acquisition GP LLC since 2004. He served as the Non-Executive Chairman of HQ Global Workplaces. Mr. Rechler served as Chairman of Reckson Associates Realty Corp. since November 18, 2004 and served as Director since September 1994. He has been Vice Chairman of Board of Commissioners of Port Authority of New York and New Jersey, New York since September 2011 and has been its Member of Board of Commissioners since June 2011. Mr. Rechler has been a Director of Real Estate Roundtable, The since July 2006. Mr. Rechler has been an Executive Director of RNY Australia Management Limited since May 26, 2005. He serves as an Executive Director of RXR 620 Reit LLC. Mr. Rechler serves as a Director of the Long Island Children's Museum. Mr. Rechler serves as the Chairman of the Regional Planning Association, a Member of the Real Estate Board of New York, a Board member of The Feinstein Institute for Medical Research. He also serves on the Board of Directors for the Drum Major Institute and as Chairman of the Center for Social Innovation. He serves as the Co-President of the Board of Trustees for Friends Academy and serves on the Board of many of the regions top cultural institutions such as the Tribeca Film Institute and the Long Island Children's Museum where he serves as its co-Chairman of the Board. He is a Member of the Board of Governors at the National Association of Real-estate Investment Trusts. He serves as a Co-Chairman of the Board of Directors at NorthStar/RXR New York Metro Income, Inc. He serves as a Board member of the Association for a Better Long Island, Board member of the Association for a Better New York. He served as Director of Frontline Capital Group since 1998. He served as a Director of American Campus Communities, Inc., from August 2004 to October 2008. Mr. Rechler is a graduate of Clark University and a Masters of Science degree in Finance and Real Estate at the New York University Schack Institute.

CEO Compensation
  • Insufficient data for Scott to compare compensation growth.
  • Insufficient data for Scott to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team

Scott Rechler

TITLE
Chairman & CEO of RNY Australia Management Limited
AGE
50

Mike Maturo

TITLE
President
AGE
56

Jason Barnett

TITLE
General Counsel of RNY Australia Management Limited
AGE
49

Francis Sheehan

TITLE
Company Secretary & Fund Manager of RNY Australia Management Limited

Michael McMahon

TITLE
Fund Manager of New York - RNY Australia Management Limited
Board of Directors Tenure

Average tenure and age of the RNY Property Trust board of directors in years:

13.8
Average Tenure
53
Average Age
  • The average tenure for the RNY Property Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Scott Rechler

TITLE
Chairman & CEO of RNY Australia Management Limited
AGE
50
TENURE
13.8 yrs

Mike Maturo

TITLE
President
AGE
56
TENURE
13.8 yrs

Jason Barnett

TITLE
General Counsel of RNY Australia Management Limited
AGE
49
TENURE
14.1 yrs

Merv Peacock

TITLE
Independent Non Executive Director of RNY Australia Management Limited
AGE
71
TENURE
13.8 yrs

Philip Meagher

TITLE
Independent Director of RNY Australia Management Ltd.
TENURE
13.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess RNY Property Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. RNY Property Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RNY News

Simply Wall St News

You May Have Been Looking At RNY Property Trust (ASX:RNY) All Wrong

RNY Property Trust is a AU$1.32m. … real estate investment trust (REIT) based in Sydney, Australia. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company.

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How Does RNY Property Trust (ASX:RNY) Affect Your Portfolio Returns?

Generally, an investor should consider two types of risk that impact the market value of RNY. … Based on this beta value, RNY appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … RNY, with its market capitalisation of AU$2.37M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

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Who Are The Major Shareholders Of RNY Property Trust (ASX:RNY)?

View our latest analysis for RNY Property Trust ASX:RNY Ownership_summary Mar 17th 18 Institutional Ownership In RNY's case, institutional ownership stands at 84.16%, significant enough to cause considerable price moves in the case of large institutional transactions, especially when there is a low level of public shares available on the market to trade. … Private Company Ownership Potential investors in RNY should also look at another important group of investors: private companies, with a stake of 7.95%, who are primarily invested because of strategic and capital gain interests. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: RNY's considerably high level of institutional ownership calls for further analysis into its margin of safety.

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Should You Invest In RNY Property Trust (ASX:RNY)?

RNY Property Trust is a AU$2.37M small-cap real estate investment trust (REIT) based in Sydney, Australia. … With a ratio of over 500%, RNY's debt is more than well-covered, and the credit rating agency Standard & Poor would consider this as extremely minimal risk. … Usually the ratio is calculated using EBIT, but for REITs, it’s better to use FFO divided by net interest.

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Is RNY Property Trust (ASX:RNY) Thriving Or Barely Surviving In The Real Estate Sector?

RNY Property Trust (ASX:RNY), a AU$3.16M small-cap, is a real estate company operating in an industry which is the most prevalent industry in the global economy, and as an asset class, it has continued to play a crucial role in the portfolios of various investors. … Real estate analysts are forecasting for the entire industry, negative growth in the upcoming year , and an overall negative growth rate in the next couple of years. … In this article, I’ll take you through the real estate sector growth expectations, and also determine whether RNY Property Trust is a laggard or leader relative to its real estate sector peers.

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Who Are RNY Property Trust's (ASX:RNY) Major Shareholders?

Check out our latest analysis for RNY Property Trust ASX:RNY Ownership Summary Nov 8th 17 Institutional Ownership Institutions account for 96.61% of RNY's outstanding shares, a significant enough holding to move stock prices if they start buying and selling in large quantities, especially when there are relatively small amounts of shares available on the market to trade. … I am going to further examine RNY's ownership structure to check how other major shareholders can affect its investment case. … ASX:RNY Insider Trading Nov 8th 17 Private Company Ownership Potential investors in RNY should also look at another important group of investors: private companies, with a stake of 13.33%, who are primarily invested because of strategic and capital gain interests.

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RNY Company Info

Description

The Responsible Entity of the Trust was changed to Huntley Management Limited ABN 52 089 240 513 AFSL 229754 (‘Huntley’) on 2 July 2018. Huntley’s registered office is at Suite 301, Level 3, 37 Bligh Street, Sydney, NSW 2000. RNY has a 100% interest in RNY Australia LPT Corp. (US REIT), which in turn has a 75% interest in RNY Australia Operating Company LLC (US LLC), a Delaware Limited Liability Company that as of 31 December 2018 owned 5 office properties (2017: 5 office properties) in the New York Tri-State area.

Details
Name: RNY Property Trust
RNY
Exchange: ASX
Founded:
A$1,317,069
263,413,889
Website: http://www.rnypt.com.au
Address: RNY Property Trust
Level 3,
37 Bligh Street,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX RNY Ordinary Units Australian Securities Exchange AU AUD 18. Sep 2006
CHIA RNY Ordinary Units Chi-X Australia AU AUD 18. Sep 2006
Number of employees
Current staff
Staff numbers
0
RNY Property Trust employees.
Industry
Office REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 01:17
End of day share price update: 2019/03/28 00:00
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.