Exantas Capital Corporation Reports Results for 2019 Three and Nine Months

On October 30th 2019, Exantas Capital Corporation reported results for the three and nine months ended September 30, 2019. 

Some significant items that were highlighted are the Core Earnings were $0.31 per common share, they acquired $105.1 million and $739,1 million of new commercial real estate loans, and their economic book value is up $13.71 per common share from $13.63. In addition, Core Earnings were $0.31 per common share-diluted and $0.84 per common share-diluted for the three and nine months. Common stock cash dividends of $0.25 and $0.675 per share were declared and have been paid for the three and nine months. Exantas Capital CorpC-III Capital Partners is a fully-diversified asset management and commercial real estate services company.

Lead by Andrew Farkas, Exantas Capital Corp. is externally managed by Exantas Capital Manager Inc., an indirect wholly-owned subsidiary of C-III Capital Partners. C-III is an investment management and commercial real estate services company of which Andrew Farkas is the CEO and Chairman.