Login

Owens Realty Mortgage, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2018 10-K, filed Mar 15, 2019. Its latest SEC filing is a EFFECT from Apr 2, 2019.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Provides short-term commercial real estate loans to small and middle-market investors and developers, and holds investments in real estate properties.

How Did They Make Money?

Earns interest from its loan portfolio and revenue from operating real estate assets; borrowers pay origination and extension fees at placement, extension, refinancing, or final repayment, with the company receiving 30% of those fees.

FY2018 revenue

Who Were Their Customers?

Small and middle-market investors and developers borrow through customized loans originated by OFG.

Did Revenues Turn Into Profits?

Yes. It kept 41 cents of every revenue dollar as net income in FY2018 and turned 29 cents into free cash flow.

Operating income, FY2018
17% of revenue
▲ +358% vs FY2017 ($620K, 4%)
Net income, FY2018
41% of revenue
▼ −21% vs FY2017 ($8.7M, 56%)
Free cash flow, FY2018
29% of revenue
▲ Turned profitable vs FY2017 (−$1.7M, −11%)

How Were They Changing?

Since the FY2018 annual report
  • Mar 29, 2019 Completed merger with Ready Capital ORM merged into Merger Sub; former ORM shareholders received Ready Capital shares, and ORM requested removal of its stock from NYSE American listing.

Shrank. Revenue fell 21% in 3 years, from $21.2M in FY2015 to $16.8M in FY2018, about 8% a year.

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support