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CDOR Condor Hospitality Trust

Condor Hospitality Trust, Inc. is a self-administered real estate investment trust, which engages in the investment and ownership of select-service, limited-service, extended stay and compact full service hotels. The firm also engages in the business of owning equity interests in hotel properties The company was founded on August 23, 1994 and is headquartered in Bethesda, MD.

Company profile

Ticker
CDOR
Exchange
CEO
William Blackham
Employees
Incorporated
Location
Fiscal year end
Former names
HUMPHREY HOSPITALITY TRUST INC, SUPERTEL HOSPITALITY INC
SEC CIK
IRS number
521889548

CDOR stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

18 Mar 21
12 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 7.48M 7.48M 7.48M 7.48M 7.48M 7.48M
Cash burn (monthly) 632.67K 76.25K (positive/no burn) 385.92K (positive/no burn) 66.83K
Cash used (since last report) 2.15M 258.84K n/a 1.31M n/a 226.87K
Cash remaining 5.33M 7.22M n/a 6.17M n/a 7.25M
Runway (months of cash) 8.4 94.7 n/a 16.0 n/a 108.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Gaivironsky Matias Common Stock Grant Aquire A No No 0 152 0 1,129
1 Apr 21 Dufresne Daphne J Common Stock Grant Aquire A No No 0 1,031 0 14,750
1 Apr 21 Elsztain Daniel Ricardo Common Stock Grant Aquire A No No 0 492 0 6,876
1 Apr 21 Saul Zang Common Stock Grant Aquire A No No 0 152 0 180
1 Apr 21 Landry Donald J Common Stock Grant Aquire A No No 0 1,093 0 16,329

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Risks
  • Failure of the economy to improve or remain stable may adversely affect our ability to execute our business strategies, which in turn would adversely affect our ability to make distributions to our stockholders.
  • The departure of any of our key personnel who have significant experience and relationships in the lodging industry, particularly our Chief Executive Officer, J. William Blackham, could materially and adversely affect us.
  • If we are unable to successfully manage our growth, our operating results and financial condition could be adversely affected.
  • Our future growth is dependent on obtaining new financing and if we cannot secure financing in the future, our growth will be limited.
  • Our lack of industry, brand, and/or geographic diversification could have an adverse effect on results.
  • Our returns depend on management of our hotels by third parties.
  • Our debt service obligations could adversely affect our operating results, may require us to liquidate our properties, and could limit our ability to make distributions to our stockholders.
  • Our results may be negatively affected by interest rate fluctuations and our attempts to hedge this risk may not be effective.
  • Operating our hotels under franchise agreements could adversely affect distributions to our shareholders.
  • Unanticipated expenses and insufficient demand for hotels we acquire in new geographic markets could adversely affect our profitability and our ability to make distributions to our stockholders.
  • Our failure to qualify as a REIT under the federal tax laws would result in adverse tax consequences.
  • Our TRS lessee structure subjects us to the risk of increased operating expenses.
  • Our ability to make distributions on our common and preferred stock is subject to fluctuations in our financial performance, operating results, and capital improvement requirements.
  • We have restrictive debt covenants that could adversely affect our ability to run our business.
  • We may be subject to adverse legislative or regulatory tax changes that could increase our tax liability, reduce our operating flexibility and reduce the market price of our shares.
  • If our hotel managers do not qualify as "eligible independent contractors” the Company would likely fail to qualify as a REIT.
  • If our leases with our TRS are not respected as true leases for federal income tax purposes, we would fail to qualify as a REIT.
  • We may be subject to the 100% prohibited transaction tax on the gain recognized on the hotels we sold.
  • Complying with REIT requirements may force us to liquidate otherwise attractive investments, which could result in an overall loss on our investments.
  • Dividends payable by REITs do not qualify for the reduced tax rates available for some dividends.
  • Provisions of our charter and substantial voting power held by two shareholders may limit the ability of a third party to acquire control of our company.
  • The ability of our board of directors to change our major corporate policies may not be in your interest.
  • Risks Related to the Hotel Industry
  • The outbreak of the novel coronavirus (COVID-19) has reduced travel and adversely affected the hospitality industry in general.
  • The growth of Internet travel intermediaries could adversely affect the Company’s business and profitability.
  • We and our hotel managers rely on information technology in our operations, and any material failure, inadequacy, interruption or security failure of that technology could harm our business.
  • Uninsured and underinsured losses and our ability to satisfy our obligations could adversely affect our operating results and our ability to make distributions to our stockholders.
  • The hotel industry is seasonal in nature and may affect our cash flow.
  • The cyclical nature of the lodging industry may cause fluctuations in our operating performance, which could have a material adverse effect on us.
  • Competition from other hotels in the markets in which we operate could have a material adverse effect on our results of operations.
  • The increasing use by consumers of alternative lodging market places may adversely affect our profitability.
  • The hotel business is capital intensive.
  • Noncompliance with governmental regulations could adversely affect our operating results.
  • Risks Related to the Real Estate Industry
  • Illiquidity of real estate investments could significantly impede our ability to respond to adverse changes in the performance of our properties and harm our financial condition.
  • Increases in property taxes would adversely affect our ability to make distributions to our shareholders.
  • Our real estate may contain or develop harmful environmental challenges which could lead to liability for adverse health effects and costs of remediating the problem.
Content analysis
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