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NorthStar Realty Europe Corp.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2019 10-Q, filed Aug 7, 2019. Its latest SEC filing is a 15-12B from Oct 10, 2019.

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

What Did They Do?

Invests in European commercial real estate, primarily office properties in key cities in Germany, the United Kingdom and France, with some hotels, retail and industrial properties.

How Did They Make Money?

The company earns rental income and operating reimbursements from leasing space to tenants, generally paid monthly or quarterly, and interest income from preferred equity investments.

revenue

Who Were Their Customers?

Commercial tenants lease office and other property space; the company also earns interest from preferred equity investments.

Did Revenues Turn Into Profits?

Yes. Its net income in was larger than its revenue.

Net income,
170% of revenue
▲ Now profitable vs (−$31.1M, −24%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q2 FY2019, the three months to Jun 30, 2019
Revenue
▼ −41%
vs $31M in Q2 FY2018
Net income
▼ Now a loss
vs $37.7M in Q2 FY2018
  • Oct 1, 2019 AXA Investment Managers – Real Assets acquired the company in a merger The merger closed, the company’s shares were delisted from the New York Stock Exchange, and former officers and directors left.

Held flat. Revenue was $122M in , about the same as the $120.5M of .

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