$273.97M Market Cap.
NREF Market Cap. (MRY)
NREF Shares Outstanding (MRY)
NREF Assets (MRY)
Total Assets
$5.42B
Total Liabilities
$4.84B
Total Investments
$5.37B
NREF Income (MRY)
Revenue
$72.60M
Net Income
$29.19M
Operating Expense
$16.68M
NREF Cash Flow (MRY)
CF Operations
$29.28M
CF Investing
$956.54M
CF Financing
-$995.42M
NREF Dividends (MRY)
Period | Dividends | Yield % | Growth % | Payout Ratio | Coverage Ratio |
|---|---|---|---|---|---|
2024 | $2.00 | 12.70% | -27.01% | 196.08% | 0.51 |
2023 | $2.74 | 17.40% | 37.00% | 456.67% | 0.22 |
2022 | $2.00 | 12.60% | 5.26% | 909.09% | 0.11 |
2021 | $1.90 | 9.90% | 33.80% | 31.67% | 3.16 |
2020 | $1.42 | 8.60% | - | 66.67% | 1.50 |
NREF Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $5,416,073,000 (-22.83%) | $7,018,353,000 (-13.93%) | $8,154,136,000 (-4.23%) | $8,513,917,000 (37.85%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Shareholders Equity | $333,134,000 (-4.09%) | $347,342,000 (-9.54%) | $383,984,000 (61.33%) | $238,013,000 (85.60%) |
Property Plant & Equipment Net | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Cash & Equivalents | $7,053,000 (-57.64%) | $16,649,000 (-18.17%) | $20,347,000 (-38.77%) | $33,232,000 (-0.71%) |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $5,366,355,000 (-23.07%) | $6,975,359,000 (-14.05%) | $8,115,927,000 (-4.20%) | $8,471,973,000 (38.05%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $1,457,000 (-66.21%) | $4,312,000 (96.27%) | $2,197,000 (459.03%) | $393,000 (-47.25%) |
Trade & Non-Trade Payables | $9,458,000 (47.14%) | $6,428,000 (3.16%) | $6,231,000 (59.65%) | $3,903,000 (119.39%) |
Accumulated Retained Earnings (Deficit) | -$54,948,000 (-53.40%) | -$35,821,000 (-907.69%) | $4,435,000 (-84.37%) | $28,367,000 (713.97%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $4,824,902,000 (-26.43%) | $6,558,209,000 (-13.65%) | $7,594,905,000 (-5.06%) | $7,999,323,000 (38.68%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $4,844,380,000 (-26.30%) | $6,572,846,000 (-13.62%) | $7,609,122,000 (-4.97%) | $8,007,211,000 (38.72%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
NREF Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $72,603,000 (72.49%) | $42,090,000 (4.20%) | $40,394,000 (-58.51%) | $97,368,000 (124.26%) |
Cost of Revenue | $18,377,000 (175.19%) | $6,678,000 (-41.41%) | $11,398,000 (22696.00%) | $50,000 (0%) |
Selling General & Administrative Expense | $12,812,000 (39.20%) | $9,204,000 (27.07%) | $7,243,000 (13.69%) | $6,371,000 (88.38%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $16,679,000 (33.59%) | $12,485,000 (20.12%) | $10,394,000 (19.93%) | $8,667,000 (75.66%) |
Interest Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Income Tax Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $35,962,000 (91.90%) | $18,740,000 (31.84%) | $14,214,000 (-82.97%) | $83,472,000 (144.28%) |
Net Income to Non-Controlling Interests | $6,770,000 (42.08%) | $4,765,000 (-36.19%) | $7,468,000 (-81.51%) | $40,387,000 (89.41%) |
Net Income | $29,192,000 (108.89%) | $13,975,000 (107.16%) | $6,746,000 (-84.34%) | $43,085,000 (235.37%) |
Preferred Dividends Income Statement Impact | $11,499,000 (221.56%) | $3,576,000 (1.82%) | $3,512,000 (0.11%) | $3,508,000 (100.69%) |
Net Income Common Stock | $17,693,000 (70.14%) | $10,399,000 (221.55%) | $3,234,000 (-91.83%) | $39,577,000 (256.58%) |
Weighted Average Shares | $17,402,000 (1.18%) | $17,199,000 (17.11%) | $14,686,000 (122.48%) | $6,601,000 (26.80%) |
Weighted Average Shares Diluted | $17,402,000 (1.18%) | $17,199,000 (17.11%) | $14,686,000 (-27.89%) | $20,366,000 (9.21%) |
Earning Before Interest & Taxes (EBIT) | $29,192,000 (108.89%) | $13,975,000 (107.16%) | $6,746,000 (-84.34%) | $43,085,000 (235.37%) |
Gross Profit | $54,226,000 (53.13%) | $35,412,000 (22.13%) | $28,996,000 (-70.20%) | $97,318,000 (124.14%) |
Operating Income | $37,547,000 (63.77%) | $22,927,000 (23.25%) | $18,602,000 (-79.02%) | $88,651,000 (130.36%) |
NREF Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | $956,537,000 (29.03%) | $741,342,000 (-22.01%) | $950,578,000 (83.55%) | $517,878,000 (858.67%) |
Net Cash Flow from Financing | -$995,417,000 (-28.18%) | -$776,596,000 (24.55%) | -$1,029,264,000 (-81.40%) | -$567,415,000 (-924.37%) |
Net Cash Flow from Operations | $29,284,000 (-7.20%) | $31,556,000 (-52.04%) | $65,801,000 (33.48%) | $49,298,000 (49.83%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$9,596,000 (-159.49%) | -$3,698,000 (71.30%) | -$12,885,000 (-5291.21%) | -$239,000 (-100.71%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | -$3,178,000 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $956,537,000 (28.48%) | $744,520,000 (-21.68%) | $950,578,000 (83.55%) | $517,878,000 (858.67%) |
Capital Expenditure | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Issuance (Repayment) of Debt Securities | -$1,078,288,000 (-49.60%) | -$720,780,000 (32.01%) | -$1,060,082,000 (-83.48%) | -$577,765,000 (-1349.85%) |
Issuance (Purchase) of Equity Shares | $140,446,000 (1533.28%) | $8,599,000 (-94.88%) | $167,990,000 (101.94%) | $83,188,000 (-37.35%) |
Payment of Dividends & Other Cash Distributions | -$34,845,000 (27.33%) | -$47,950,000 (-61.71%) | -$29,652,000 (-109.35%) | -$14,164,000 (-92.03%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $6,073,000 (37.68%) | $4,411,000 (34.24%) | $3,286,000 (62.43%) | $2,023,000 (269.16%) |
Depreciation Amortization & Accretion | $5,613,000 (127.71%) | $2,465,000 (-14.85%) | $2,895,000 (0%) | $0 (0%) |
NREF Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 74.70% (-11.18%) | 84.10% (17.13%) | 71.80% (-28.13%) | 99.90% (-0.10%) |
Profit Margin | 24.40% (-1.21%) | 24.70% (208.75%) | 8.00% (-80.30%) | 40.60% (58.59%) |
EBITDA Margin | 47.90% (22.51%) | 39.10% (63.60%) | 23.90% (-45.93%) | 44.20% (49.32%) |
Return on Average Equity (ROAE) | 5.40% (86.21%) | 2.90% (222.22%) | 0.90% (-95.75%) | 21.20% (101.90%) |
Return on Average Assets (ROAA) | 0.30% (200.00%) | 0.10% (0%) | 0% (0%) | 0.50% (150.00%) |
Return on Sales (ROS) | 40.20% (21.08%) | 33.20% (98.80%) | 16.70% (-62.22%) | 44.20% (49.32%) |
Return on Invested Capital (ROIC) | 0.20% (100.00%) | 0.10% (0%) | 0% (0%) | 0.30% (200.00%) |
Dividend Yield | 12.70% (-27.01%) | 17.40% (38.10%) | 12.60% (27.27%) | 9.90% (15.12%) |
Price to Earnings Ratio (P/E) | 15.38 (-41.40%) | 26.25 (-63.66%) | 72.23 (2151.47%) | 3.21 (-58.64%) |
Price to Sales Ratio (P/S) | 3.76 (-41.56%) | 6.44 (11.41%) | 5.78 (342.68%) | 1.3 (-34.12%) |
Price to Book Ratio (P/B) | 0.82 (5.25%) | 0.78 (25.97%) | 0.62 (-16.33%) | 0.74 (12.44%) |
Debt to Equity Ratio (D/E) | 14.54 (-23.15%) | 18.92 (-4.51%) | 19.82 (-41.10%) | 33.64 (-25.26%) |
Earnings Per Share (EPS) | 1.02 (70.00%) | 0.6 (172.73%) | 0.22 (-96.33%) | 6 (181.69%) |
Sales Per Share (SPS) | 4.17 (70.49%) | 2.45 (-11.05%) | 2.75 (-81.35%) | 14.75 (76.86%) |
Free Cash Flow Per Share (FCFPS) | 1.68 (-8.28%) | 1.83 (-59.05%) | 4.48 (-40.00%) | 7.47 (18.16%) |
Book Value Per Share (BVPS) | 19.14 (-5.21%) | 20.2 (-22.76%) | 26.15 (-27.49%) | 36.06 (46.37%) |
Tangible Assets Book Value Per Share (TABVPS) | 311.23 (-23.73%) | 408.07 (-26.50%) | 555.23 (-56.95%) | 1,289.79 (8.72%) |
Enterprise Value Over EBIT (EV/EBIT) | 184 (-61.59%) | 479 (-59.44%) | 1,181 (541.85%) | 184 (-59.56%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 154.26 (-62.13%) | 407.37 (-50.72%) | 826.68 (348.56%) | 184.3 (-59.45%) |
Asset Turnover | 0.01 (100.00%) | 0.01 (20.00%) | 0.01 (-58.33%) | 0.01 (33.33%) |
Current Ratio | - | - | - | - |
Dividends | $2 (-27.01%) | $2.74 (37.00%) | $2 (5.26%) | $1.9 (33.80%) |
Free Cash Flow (FCF) | $29,284,000 (-7.20%) | $31,556,000 (-52.04%) | $65,801,000 (33.48%) | $49,298,000 (49.83%) |
Enterprise Value (EV) | $5,369,117,114 (-19.83%) | $6,697,144,630 (-15.97%) | $7,970,037,371 (0.37%) | $7,940,485,348 (35.98%) |
Earnings Before Tax (EBT) | $29,192,000 (108.89%) | $13,975,000 (107.16%) | $6,746,000 (-84.34%) | $43,085,000 (235.37%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $34,805,000 (111.71%) | $16,440,000 (70.52%) | $9,641,000 (-77.62%) | $43,085,000 (235.37%) |
Invested Capital | $10,233,922,000 (-24.53%) | $13,559,913,000 (-13.79%) | $15,728,694,000 (-4.56%) | $16,480,008,000 (38.36%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $5,416,073,000 (-22.83%) | $7,018,353,000 (-13.93%) | $8,154,136,000 (-4.23%) | $8,513,917,000 (37.85%) |
Market Capitalization | $273,965,114 (0.94%) | $271,402,630 (14.02%) | $238,028,371 (34.96%) | $176,370,348 (108.79%) |
Average Equity | $328,786,750 (-8.73%) | $360,244,750 (-1.39%) | $365,324,000 (95.42%) | $186,944,500 (77.41%) |
Average Assets | $6,190,454,250 (-16.21%) | $7,387,626,750 (-8.55%) | $8,078,180,500 (3.21%) | $7,826,664,750 (65.50%) |
Invested Capital Average | $11,834,661,250 (-17.14%) | $14,283,059,750 (-8.38%) | $15,590,123,000 (2.99%) | $15,136,891,250 (66.70%) |
Shares | 17,461,129 (1.33%) | 17,231,913 (15.03%) | 14,979,759 (63.50%) | 9,162,096 (79.18%) |
