Colony Credit Real Estate (CLNC) 3Q results (Press Release, Financial Supplement, 10Q, and conference call transcript) were depressed by previously identified credit issues but showed progress towards targeted earnings potential and leverage. Successful execution of the company's investment plan would provide investors an extremely attractive return from the current share price.
CLNC remains significantly cheaper than peers based on book value:
If CLNC is unable to grow its portfolio or earns below target returns, then shares will stagnate. This article will review developments since my last article Colony