Company Quick10K Filing
Carey Watermark Investors
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 141 $5,170
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-13 Quarter: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-K 2019-03-15 Annual: 2018-12-31
10-Q 2018-11-13 Quarter: 2018-09-30
10-Q 2018-08-14 Quarter: 2018-06-30
10-Q 2018-05-14 Quarter: 2018-03-31
10-K 2018-03-27 Annual: 2017-12-31
10-Q 2017-11-13 Quarter: 2017-09-30
10-Q 2017-08-11 Quarter: 2017-06-30
10-Q 2017-05-12 Quarter: 2017-03-31
10-K 2017-03-16 Annual: 2016-12-31
10-Q 2016-11-14 Quarter: 2016-09-30
10-Q 2016-08-12 Quarter: 2016-06-30
10-Q 2016-05-13 Quarter: 2016-03-31
10-K 2016-03-16 Annual: 2015-12-31
10-Q 2015-11-13 Quarter: 2015-09-30
10-Q 2015-08-14 Quarter: 2015-06-30
10-Q 2015-05-15 Quarter: 2015-03-31
10-K 2015-03-12 Annual: 2014-12-31
10-Q 2014-11-12 Quarter: 2014-09-30
10-Q 2014-08-12 Quarter: 2014-06-30
10-Q 2014-05-14 Quarter: 2014-03-31
10-K 2014-03-18 Annual: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-08-13 Quarter: 2013-06-30
10-Q 2013-05-10 Quarter: 2013-03-31
10-K 2013-03-12 Annual: 2012-12-31
10-Q 2012-11-13 Quarter: 2012-09-30
10-Q 2012-08-14 Quarter: 2012-06-30
10-Q 2012-05-14 Quarter: 2012-03-31
10-K 2012-03-22 Annual: 2011-12-31
10-Q 2011-11-14 Quarter: 2011-09-30
10-Q 2011-08-12 Quarter: 2011-06-30
10-Q 2011-05-13 Quarter: 2011-03-31
10-K 2011-03-18 Annual: 2010-12-31
10-Q 2010-11-12 Quarter: 2010-09-30
8-K 2019-11-21 M&A, Exhibits
8-K 2019-10-28 Other Events, Exhibits
8-K 2019-10-24 Other Events, Exhibits
8-K 2019-10-22
8-K 2019-06-25 Shareholder Vote
8-K 2019-04-10 Other Events, Exhibits
8-K 2018-12-14 Officers
8-K 2018-12-06 Officers
8-K 2018-06-21 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2018-04-11 Other Events, Exhibits
8-K 2018-02-05 M&A, Exhibits
8-K 2018-01-25 M&A, Exhibits

Carey Watermark Investors Financials

CWI Metrics, Comps, Filings

Annual | Quarterly

Business

Carey Watermark Investors Incorporated ("CWI") is a publicly owned, non-traded real estate investment trust ("REIT") that, together with its consolidated subsidiaries, invests in, manages and seeks to enhance the value of, interests in lodging and lodging-related properties, in the United States. As a REIT, we are not subject to U.S. federal income taxation as long as we satisfy certain requirements, principally relating to the nature of our income, the level of our distributions to our stockholders and other factors. We conduct substantially all of our investment activities and own all of our assets through CWI OP, LP, a Delaware limited partnership (the "Operating Partnership"). We are a general partner and a limited partner of, and own a 99.985% capital interest in, the Operating Partnership. Carey Watermark Holdings, LLC ("Carey Watermark Holdings"), which is owned indirectly by both W. P. Carey Inc. ("WPC") and Watermark Capital Partners, LLC (the parent of the Subadvisor described below) ("Watermark Capital Partners"), holds a special general partner interest of 0.015% in the Operating Partnership. In order to qualify as a REIT, we cannot operate hotels directly; therefore, we lease our hotels to our wholly-owned taxable REIT subsidiaries ("TRSs" and collectively the "TRS lessees"). At December 31, 2018, we held ownership interests in 27 hotels, with a total of 7,717 rooms.

We are managed by Carey Lodging Advisors, LLC (our "Advisor"), an indirect subsidiary of WPC, pursuant to an advisory agreement among us, the Operating Partnership and our Advisor (the "Advisory Agreement"). Under the Advisory Agreement, our Advisor is responsible for managing our overall hotel portfolio, including providing oversight and strategic guidance to the independent hotel operators that manage our hotels. On September 15, 2010, CWA, LLC (the "Subadvisor") entered into a subadvisory agreement with our Advisor (the "Subadvisory Agreement"). The Subadvisor provides services to our Advisor primarily relating to acquiring, managing, financing and disposing of our hotels and overseeing the independent hotel operators that manage the day-to-day operations of our hotels. In addition, the Subadvisor provides us with the services of Mr. Michael G. Medzigian, our Chief Executive Officer, subject to the approval of our independent directors.

WPC is a diversified REIT and leading owner of commercial real estate that is listed on the New York Stock Exchange under the symbol "WPC." In addition, WPC also manages the portfolios of certain non-traded investment programs. In June 2017, WPC exited non-traded retail fundraising activities and no longer sponsors new investment programs, although it has stated that it currently expects to continue managing its existing programs, which includes us and our affiliate, Carey Watermark Investors 2 Incorporated ("CWI 2"), through the end of their respective life cycles.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
DCT Industrial Trust (DCT) 6,436 0% 22.8 3% 4,083 2,007 434 0 125 360 8,200
Energen (EGN) 6,424 0% 9.0 7% 5,724 2,116 1,382 0 423 814 7,362
EQGP Holdings (EQGP) 6,194 0% 7.5 8% 9,268 4,213 867 0 701 829 6,188
Michael Kors (KORS) 5,769 61% 10.0 5% 8,308 5,980 5,382 3,263 402 802 8,054
Validus (VR) 5,456 -20% -37.2 -1% 15,499 9,928 2,881 -578 -193 -141 5,235
Envision Healthcare (EVHC) 5,406 0% -9.8 -13% 12,313 7,687 8,144 0 -1,555 -960 9,409
Carey Watermark Investors (CWI) 5,170 0% 50.7 -1% 2,287 1,568 622 0 -20 127 6,428
Foundation Medicine (FMI) 5,074 0% -42.1 -73% 193 202 201 0 -142 -119 5,019
Black Ridge Oil & Gas (BROG) 4,870 55,502.3 -0% 142 0 0 0 -0 0 4,870
Hotapp Blockchain (HTBC) 4,653 46% -45,082.3 -48% 0 1 0 0 -0 -0 4,653
Gramercy Property Trust (GPT) 4,438 25% 8.7 2% 6,434 3,198 579 146 122 505 4,366
Dutch Oven Gold (DUG) 4,424 -0% 0 0 0 0 0 4,424
Lions Gate Entertainment (LGF) 4,389 0% 279.4 -4% 8,437 5,585 3,712 0 -330 26 7,153
Cotiviti (COTV) 4,221 66% 14.0 8% 2,137 936 747 495 161 340 4,756
Cool Technologies (COOL) 4,113 -1,318.7 -1,028% 0 6 0 0 -5 -3 4,113
ILG (ILG) 4,068 49% 14.3 5% 3,661 1,924 1,827 898 182 323 4,615
Interactive Brokers Group (IBKR) 4,060 0% -6.5 2% 66,034 58,414 2,108 0 1,148 1,211 -7,921
NRG Yield (NYLD) 3,887 68% 14.4 -1% 8,731 6,677 1,022 690 -125 680 9,775
LaSalle Hotel Properties (LHO) 3,819 1% 24.0 -1% 3,659 1,382 1,084 16 -38 193 4,636
KLX (KLXI) 3,754 28% 19.6 2% 3,876 1,556 1,925 535 81 236 4,617

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash861096264568155
Accounts Receivable181520243837
Inventory
PP&E1408531,5092,0932,1141,9451,910
Assets422301,0832,0022,4602,4772,4602,280
Accounts Payable
Long-Term Debt5639701,3741,4871,4971,374
Liabilities1966091,0551,5051,6141,6521,523
Stockholders' Equity41133462933871798753704
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue13122348542651629614
Cost of Revenue
Gross Profit
R&D
SG&A22123254637169
Tax02598-05
Net Income-1-4-30-34-31-7416
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-1-6234618512383
Cash Investing-33-135-768-717-653-127-96113
Cash Financing4216384590434420-41-207