Quick10K

Tier REIT

Market

Closing Price ($)	Shares Out (MM)	Market Cap ($MM)
$23.28	56	$1,293

Financial Filings

10-Q	2019-03-31	Quarter: 2019-03-31
10-K	2018-12-31	Annual: 2018-12-31
10-Q	2018-09-30	Quarter: 2018-09-30
10-Q	2018-06-30	Quarter: 2018-06-30
10-Q	2018-03-31	Quarter: 2018-03-31
10-K	2017-12-31	Annual: 2017-12-31
10-Q	2017-09-30	Quarter: 2017-09-30
10-Q	2017-06-30	Quarter: 2017-06-30
10-Q	2017-03-31	Quarter: 2017-03-31
10-K	2016-12-31	Annual: 2016-12-31
10-Q	2016-09-30	Quarter: 2016-09-30
10-Q	2016-06-30	Quarter: 2016-06-30
10-Q	2016-03-31	Quarter: 2016-03-31
10-K	2015-12-31	Annual: 2015-12-31
10-Q	2015-09-30	Quarter: 2015-09-30
10-Q	2015-06-30	Quarter: 2015-06-30
10-Q	2015-03-31	Quarter: 2015-03-31
10-K	2014-12-31	Annual: 2014-12-31
10-Q	2014-09-30	Quarter: 2014-09-30
10-Q	2014-06-30	Quarter: 2014-06-30
10-Q	2014-03-31	Quarter: 2014-03-31
10-K	2013-12-31	Annual: 2013-12-31

Current Reports

8-K	2019-06-14	Leave Agreement, M&A, Shareholder Rights, Control, Officers, Other Events, Exhibits
8-K	2019-06-12	Shareholder Vote, Other Events, Exhibits
8-K	2019-05-09	Earnings, Exhibits
8-K	2019-03-25	Enter Agreement, Exhibits
8-K	2019-03-25	Other Events, Exhibits
8-K	2019-03-04	Regulation FD, Exhibits
8-K	2019-02-19	Regulation FD, Exhibits
8-K	2019-02-11	Earnings, Exhibits
8-K	2019-01-28	Officers, Regulation FD, Exhibits
8-K	2019-01-28	Officers, Regulation FD, Exhibits
8-K	2018-11-05	Earnings, Regulation FD, Exhibits
8-K	2018-11-05	Other Events, Exhibits
8-K	2018-09-19	Regulation FD, Exhibits
8-K	2018-08-08	Other Events, Exhibits
8-K	2018-08-07	Earnings, Exhibits
8-K	2018-06-20	Shareholder Vote
8-K	2018-05-31	Regulation FD, Exhibits
8-K	2018-04-02	Amend Bylaw, Exhibits
8-K	2018-02-26	Regulation FD, Exhibits
8-K	2018-01-18	Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits

Tier REIT Financials

TIER Metrics, Comps, Filings

Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Quarter)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Quarter)

Operating, Investing, Financing

Comparables ($MM Annual)	Ticker	Market Cap	Assets	Liabilities	Revenue	Gross Profit	Net Income	EBITDA	EV
Pennymac Mortgage Investment Trust	PMT	1,798	9,466	7,522	299	0	193	439	1,973
Uniti Group	UNIT	1,871	4,790	6,192	1,049	0	61	854	6,807
TPG Real Estate Finance Trust	TRTX	1,411	5,825	4,360	0	0	116	272	1,341
Easterly Government Properties	DEA	1,248	2,107	969	191	153	9	92	2,125
Industrial Logistics Properties Trust	ILPT	1,322	2,429	1,413	0	0	66	138	1,306
Universal Health Realty Income Trust	UHT	1,191	483	294	76	0	17	43	1,185
Tanger Factory Outlet Centers	SKT	1,573	2,344	1,827	490	0	79	272	3,168
Tier REIT	TIER	1,544	1,544	762	106	50	-28	100	2,193
Essential Properties Realty Trust	EPRT	1,641	1,643	613	118	0	35	98	2,134
American Finance Trust	AFIN	1,137	3,314	1,712	301	0	-11	195	1,028
Independence Realty Trust	IRT	1,034	1,656	1,048	199	97	37	123	2,011
Monmouth Real Estate Investment	MNR	1,270	1,835	881	0	0	14	95	1,998
Kite Realty	KRG	1,305	2,936	1,538	338	0	-23	186	2,622
New York Mortgage Trust	NYMT	1,301	18,265	16,738	0	0	111	572	1,352
Summit Hotel Properties	INN	1,204	2,123	926	557	0	106	250	1,962
Saul Centers	BFS	1,240	1,569	1,133	233	176	63	131	2,286
KKR Real Estate Finance Trust	KREF	1,176	6,185	5,061	0	0	84	212	3,899
Nexpoint Residential Trust	NXRT	967	1,277	1,003	160	0	-16	69	1,914
Arbor Realty Trust	ABR	1,342	5,602	4,416	0	0	154	362	1,080
Dynex Capital	DX	406	5,869	5,270	0	0	-224	-133	295

Balance Sheet ($MM)	2011-12-31	2012-03-31	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31
Cash	101	90	85	78	71	71	60	58	51	47	50	35	33	153	17	12	13	79	51	15	55	29	13	22	23	22	15	37	13
Accounts Receivable	106	112	111	112	108	108	94	97	98	99	101	83	75	72	75	76	79	66	67	71	61	62	83	81	76	81	70	67	61
Inventory
PP&E	2,980	2,938	2,729	2,629	2,502	2,449	2,028	2,038	2,031	2,030	2,009	1,769	1,610	1,488	1,590	1,573	1,503	1,321	1,248	1,250	1,271	1,340	1,326	1,276	1,430	1,435	1,386	1,365	1,332
Assets	3,554	3,497	3,239	3,125	2,986	2,913	2,745	2,436	2,401	2,364	2,341	2,211	2,116	1,920	1,907	1,874	1,787	1,641	1,571	1,553	1,561	1,581	1,581	1,581	1,689	1,696	1,662	1,618	1,544
Accounts Payable
Long-Term Debt
Liabilities	2,592	2,568	2,387	2,335	2,191	2,138	1,968	1,633	1,627	1,607	1,600	1,423	1,338	1,145	1,217	1,196	1,143	1,016	952	932	850	874	889	904	1,001	1,002	837	840	762
Stockholders' Equity	956	922	843	782	786	767	774	800	770	753	737	783	772	768	685	674	643	623	617	619	711	706	691	677	684	692	823	775	779

Income Statement ($MM)	2011-12-31	2012-03-31	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31
Revenue																												56	50
Cost of Revenue																													0
Gross Profit																													50
R&D
SG&A
Tax		0	-1		0	1	0	0	0	-0	0	-0	0	1	0	0	0	0	0	0	0	-0	0	0	0	1	0	0	0
Net Income		-28	-31	-59	4	43	7	25	-30	-17	-16	48	-6	-1	-16	-11	-13	-9	-1	-6	98	4	-8	-10	8	-8	23	-28	-14

Cash Flow ($MM)	2011-12-31	2012-03-31	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31
Cash Operating		-10			-11	24	18	14	-6	19	10	3	-7	-26	14	15	-6	23	19	15	-2	29	16	18	-2	22	22	30	-11
Cash Investing		5			66	-18	59	348	-24	-25	-4	207	53	322	-159	9	48	191	26	-35	194	18	-25	-23	14	-30	-27	18	22
Cash Financing		13			-23	-10	-94	-324	4	-23	-6	-179	-71	-149	-0	-20	-48	-141	-72	-20	-151	-70	-6	2	-12	8	-3	-26	-34