Publicly traded on the New York Stock Exchange, Newcastle Investment Corporation is registered as a real estate investment trust (REIT). Common stocks of the business are marketed using the ticker symbol NCT.
As a REIT, the company engages in the investing and managing of a variety of real estate assets and other investments. There are two investment interests of the company, namely real estate debt and gold related real estate and operations. To simplify the operations of the company, they have created four reporting segments within the business: debt investments financed with collateralized debt obligations (CDOs), other debt investments (other debt), Corporate and golf properties and facilities.
As of December 2014, the company’s assets include $473 million in CDOs and $833 million of other real estate related securities and assets. They also have 87 properties across the United States that are related to their golf business. Newcastle Investment Corporation is externally managed by Fortress Investment Group, LLC.
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