American Homes 4 Rent
AMHReal Estate·REIT - Residential·USA·Large·NYSE·Nov 12 • 3:59 PM ET
32.28-0.25 (-0.77%)
2026-11-13 13:02 CET
Market cap
$11.54B
Revenue, TTM
1,910.86 USD m
Net income, TTM
446.04 USD m
Free cash flow, TTM
751.75 USD m
EPS diluted, TTM
1.22
26.36
Price
AMH against its 20, 50 and 200-day averagesPatternshover a marker to name it
8.0% under the 52-week high of 35.07 on 6 Aug 2026. 52-week low 27.22 on 20 Mar 2026. Last 15 sessions, 7.7% high to low
Volume 0.00× normal · the session has not printed · the line is the 50-bar volume average
Setup. RS line 8
CANSLIM 3 of 6 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%); Performance: Year +50%
VCP 5 of 6 — fails: 50-Day Simple Moving Average: SMA50 above SMA200
Minervini 2 of 4 — fails: 50-Day Simple Moving Average: SMA50 above SMA200; Performance: Year +50%
Zanger 3 of 5 — fails: Performance: Week +10%; Relative Volume: Over 1.5
Leaders 4 of 5 — fails: Performance: Year +50%
Breakout 2 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2
Growth 0 of 4 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%); EPS Growth Next Year: High (>25%); Return on Equity: Over +15%
Quality 1 of 5 — fails: Return on Equity: Over +15%; Debt/Equity: Low (<0.1); P/E: Under 25; Current Ratio: Over 1
Value 1 of 4 — fails: P/E: Under 15; Return on Equity: Over +15%; Debt/Equity: Low (<0.1)
Income 2 of 4 — fails: Payout Ratio: Low (<20%); P/E: Under 25
Small Cap 2 of 4 — fails: Float: Under 100M; Performance: Year +50%
Accumulation 2 of 4 — fails: Institutional Transactions: Over +10%; Performance: Year Up
Relative Strength 2 of 3 — fails: Performance: Year +100%
Profile
AMH52-week range, 64% of the way up
27.2235.07
American Homes 4 Rent is a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.
| Index | RUI |
|---|---|
| Employees | 1598 |
| IPO | Aug 01, 2013 |
| Beta | 0.77 |
| ATR, 14d | 0.63 |
| Rel volume | 0.00 |
| Short float | 4.28% |
| Insider own | 8.98% |
| Inst own | 90.92% |
Snapshot
6 groupsValuation
| Index | RUI |
|---|---|
| Market Cap | $11.54B |
| Enterprise Value | 17.15B |
| Income | 446.04M |
| Sales | 1.91B |
| Book / share | 18.75 |
| Cash / share | 0.65 |
| Dividend Est. | 1.32 (4.08%) |
| Dividend TTM | 1.29 (4.00%) |
| Dividend Ex-Date | Dec 15, 2026 |
| Dividend Gr. 3/5Y | 18.56% 43.10% |
| Payout | 101.69% |
| Employees | 1598 |
| IPO | Aug 01, 2013 |
Ratios
| Price / earnings | 26.36 |
|---|---|
| Forward price / earnings | 42.99 |
| Price / earnings / growth | - |
| Price / sales | 6.04 |
| Price / book | 1.72 |
| Price / cash | 49.62 |
| Price / free cash flow | 15.35 |
| Value / cash profit | 17.33 |
| Value / sales | 8.98 |
| Quick Ratio | 0.94 |
| Current Ratio | 0.94 |
| Debt / equity | 0.77 |
| Long-term debt / equity | 0.77 |
| Options and short | Yes / Yes |
Earnings
| Earnings / share | 1.22 |
|---|---|
| Earnings next year | 0.75 |
| Earnings next quarter | 0.17 |
| Earnings this year | -22.28% |
| Earnings next year | -18.13% |
| Earnings growth, 5 years | -12.30% |
| Past earnings growth | 18.19% 33.63% |
| Past sales growth | 7.40% 9.55% |
| Earnings vs last year | 3.83% |
| Sales vs last year | 3.36% |
| Earnings vs last quarter | -14.85% |
| Sales vs last quarter | 3.98% |
| Earnings | Nov 04 AMC |
| Surprise | 25.00% 1.91% |
Ownership
| Insiders own | 8.98% |
|---|---|
| Insider trades | 0.11% |
| Institutions own | 90.92% |
| Institution trades | -1.37% |
| Return on assets | 3.50% |
| Return on equity | 6.64% |
| Return on capital | 3.88% |
| Gross Margin | 31.76% |
| Operating margin | 25.19% |
| Profit Margin | 23.34% |
| 20-day average | 1.06% |
| 50-day average | 2.77% |
| 200-day average | 2.00% |
Technical
| Shares out | 356.86M |
|---|---|
| Shares floating | 327.50M |
| Short / float | 4.28% |
| Short ratio | 5.28 |
| Short interest | 14.01M |
| 52-week high | 35.07 -8.0% |
| 52-week low | 27.22 +18.6% |
| Volatility | 1.82% 1.87% |
| Average range | 0.63 |
| Strength index | 54.54 |
| Market sensitivity | 0.77 |
| Relative volume | 0.00 |
| Avg Volume | 2.65M |
| Volume | 0 |
Performance
| Perf Week | -2.45% |
|---|---|
| Perf Month | 5.35% |
| Perf Quarter | -5.28% |
| Perf Half Y | 2.93% |
| Perf YTD | 0.56% |
| Perf Year | -0.22% |
| Perf 3Y | -6.38% |
| Perf 5Y | -18.18% |
| Perf 10Y | 59.38% |
| Recommendation | 1.86 |
| Target Price | 36.50 |
| Prev Close | 32.28 |
| Price | 32.28 |
| Change % | 0.00% |
Analyst ratings
latest 10 of 20| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Sep 21, 2026 | Upgrade | Mizuho | Neutral → Outperform | $36 | +11.5% |
| Jun 26, 2026 | Upgrade | BMO Capital Markets | Market Perform → Outperform | $39 | +20.8% |
| May 18, 2026 | Upgrade | Raymond James | Mkt Perform → Outperform | $35 | +8.4% |
| Apr 28, 2026 | Initiated | Compass Point | Buy | $37.50 | +16.2% |
| Feb 27, 2026 | Downgrade | Raymond James | Outperform → Mkt Perform | ||
| Jan 09, 2026 | Downgrade | BMO Capital Markets | Outperform → Market Perform | $37 | +14.6% |
| Jan 08, 2026 | Downgrade | Mizuho | Outperform → Neutral | $32 | -0.9% |
| Dec 15, 2025 | Upgrade | Keefe Bruyette | Mkt Perform → Outperform | $37 | +14.6% |
| Oct 02, 2025 | Upgrade | Wolfe Research | Peer Perform → Outperform | $38 | +17.7% |
| Sep 17, 2025 | Downgrade | Goldman | Buy → Neutral | $37 | +14.6% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| INVH | Invitation Homes Inc | 15.35B |
| MAA | Mid-America Apartment Communities Inc | 13.91B |
| CPT | Camden Property Trust | 13.26B |
| ELS | Equity Lifestyle Properties Inc | 12.38B |
| SUI | Sun Communities Inc | 14.01B |
| BHM | Bluerock Homes Trust Inc | 88.35M |
| ESS | Essex Property Trust Inc | 18.17B |
| UDR | UDR Inc | 11.45B |
| VMRK | Vivmark Residential | 49.47B |
| IRT | Independence Realty Trust Inc | 3.59B |
Insider trading
latest 14 of 23| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| CORRIGAN JACK E | Director | Nov 09 '26 | Buy | 21.18 | 3,000 | 63,541 | 27,000 | Nov 12 04:09 PM |
| CORRIGAN JACK E | Director | Nov 10 '26 | Buy | 20.91 | 2,000 | 41,825 | 28,000 | Nov 12 04:09 PM |
| BENHAM DOUGLAS N | Director | Nov 09 '26 | Option Exercise | 33.17 | 10,000 | 331,700 | 49,648 | Nov 12 04:08 PM |
| CORRIGAN JACK E | Director | Sep 11 '26 | Buy | 21.49 | 8,000 | 171,958 | 25,000 | Sep 14 04:05 PM |
| CORRIGAN JACK E | Director | Sep 10 '26 | Buy | 21.60 | 1,000 | 21,600 | 23,000 | Sep 14 04:05 PM |
| CORRIGAN JACK E | Director | Aug 24 '26 | Buy | 22.42 | 6,000 | 134,516 | 22,000 | Aug 26 04:30 PM |
| BENHAM DOUGLAS N | Director | Aug 11 '26 | Buy | 23.23 | 3,500 | 81,300 | 46,717 | Aug 13 04:08 PM |
| BENHAM DOUGLAS N | Director | Aug 12 '26 | Buy | 22.51 | 500 | 11,255 | 18,521 | Aug 13 04:08 PM |
| CORRIGAN JACK E | Director | Aug 10 '26 | Buy | 22.80 | 5,000 | 113,980 | 21,000 | Aug 12 04:05 PM |
| GUSTAVSON TAMARA HUGHES | Director | Jun 05 '26 | Option Exercise | 21.45 | 30,000 | 643,500 | 9,415,345 | Jun 09 04:39 PM |
| CORRIGAN JACK E | Director | May 18 '26 | Buy | 23.53 | 2,041 | 48,022 | 17,000 | May 18 04:28 PM |
| CORRIGAN JACK E | Director | May 15 '26 | Buy | 23.40 | 1,359 | 31,801 | 15,048 | May 18 04:28 PM |
| CORRIGAN JACK E | Director | May 13 '26 | Buy | 23.25 | 1,594 | 37,060 | 20,000 | May 14 05:18 PM |
| CORRIGAN JACK E | Director | May 12 '26 | Buy | 23.00 | 6 | 138 | 6 | May 14 05:18 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VNQ | Vanguard Real Estate Index Fund ETF | AUM: 39.24B |
| IJH | iShares Core S&P Mid-Cap ETF | AUM: 125.56B |
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 696.31B |
| VB | Vanguard Morningstar Small-Cap ETF | AUM: 80.23B |
| VBR | Vanguard Morningstar Small-Cap Value ETF | AUM: 37.88B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.79B |
| SCHH | Schwab U.S. REIT ETF | AUM: 11.93B |
| MDY | State Street SPDR S&P MIDCAP 400 ETF Trust | AUM: 26.08B |
| DFAR | DFA Real Estate Securities Portfolio ETF Class Shares | AUM: 1.82B |
| SPMD | State Street SPDR Portfolio S&P 400TM Mid Cap ETF | AUM: 19.06B |
News
latest 14 of 200- AMH Announces Distributions (PR Newswire)
- ?Flash Heard: The Rush Into Unloved Real-Estate Stocks Is No Recession Trade (The Wall Street Journal)
- AMH Beats And Raises Again, But Lower Costs, Not Rents, Are Driving The Upside As New-Lease Pricing Stalls (Earnings Whispers)
- American Homes 4 Rent: Q3 Earnings Snapshot (Associated Press)
- AMH Reports Third Quarter 2026 Financial and Operating Results (PR Newswire)
- AMH Must Show Its Raised FFO Outlook Survives A Slower Second Half (Earnings Whispers)
- With mortgage rates soaring above 7.5%, the smart money rents in America (MarketWatch)
- AMH Announces Dates of Third Quarter 2026 Earnings Release and Conference Call (PR Newswire)
- Seattle tower across from Amazon sold for $12.5M after a $97M deal in 2019. Where smart real estate money is going now (Moneywise)
- Ciena upgraded, Flutter downgraded: Wall Street's top analyst calls (The Fly)
- American Homes 4 Rent's Dividend Analysis (GuruFocus.com)
- AMH to Participate in BofA Securities 2026 Global Real Estate Conference (PR Newswire)
- AMH Announces Distributions (PR Newswire)
- American Homes 4 Rent (AMH) (Q2 2026) Earnings Call Highlights: Strong FFO Growth and Raised ... (GuruFocus.com)
Quarterly earnings
2026Q3 EPS 0.230 beat 0.184, from 0.270 a year earlier. Sales 498.07 beat 488.72, from 478.46 a year earlier
The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.
| Period | Reported | EPS adjusted | EPS est | EPS reported | Sales act, USD m | Sales est, USD m | Surprise | Year-ago quarter | Analysts | Next session |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026Q3ended 2026-09-30 | 2026-11-04 16:30 | 0.230 | 0.184 | 0.230 | 498.07 | 488.72 | EPS +25.0% · sales +1.9% | vs 2025Q3, year-ago quarter · EPS -14.8% · sales +4.1% | 10 | Open +1.69% vs SPY -0.17%. Close +1.41% vs SPY -4.41% |
| 2026Q2ended 2026-06-30 | 2026-07-30 16:30 | 0.310 | 0.180 | 0.314 | 470.1 | 466.51 | EPS +72.4% · sales +0.8% | vs 2025Q2, year-ago quarter · EPS +10.7% · sales +2.8% | 11 EPS · 12 sales | Open -0.06% vs SPY +0.40%. Close +0.63% vs SPY +0.72% |
| 2026Q1ended 2026-03-31 | 2026-05-06 16:30 | 0.350 | 0.176 | 0.349 | 472.02 | 470.62 | EPS +98.6% · sales +0.3% | vs 2025Q1, year-ago quarter · EPS +16.7% · sales +2.8% | 11 EPS · 12 sales | Open +0.46% vs SPY +0.17%. Close -0.06% vs SPY -0.31% |
| 2025Q4ended 2025-12-31 | 2026-02-19 16:30 | 0.330 | 0.189 | 0.334 | 454.99 | 459.24 | EPS +74.9% · sales -0.9% | vs 2024Q4, year-ago quarter · EPS 0.0% · sales +4.2% | 9 EPS · 10 sales | Open +1.78% vs SPY -0.32%. Close -4.37% vs SPY +0.72% |
| 2025Q3ended 2025-09-30 | 2025-10-29 16:30 | 0.270 | 0.186 | 0.267 | 478.46 | 476.76 | EPS +45.2% · sales +0.4% | vs 2024Q3, year-ago quarter · EPS +35.0% · sales +7.5% | 10 EPS · 11 sales | Open -0.13% vs SPY -0.51%. Close +0.69% vs SPY -1.10% |
| 2025Q2ended 2025-06-30 | 2025-07-31 16:30 | 0.280 | 0.168 | 0.284 | 457.5 | 450.19 | EPS +67.1% · sales +1.6% | vs 2024Q2, year-ago quarter · EPS +12.0% · sales +8.0% | 11 | Open +2.65% vs SPY -0.91%. Close +1.44% vs SPY -1.64% |
| 2025Q1ended 2025-03-31 | 2025-05-01 16:30 | 0.300 | 0.149 | 0.296 | 459.28 | 454.36 | EPS +101.9% · sales +1.1% | vs 2024Q1, year-ago quarter · EPS 0.0% · sales +8.4% | 10 EPS · 11 sales | Open +2.22% vs SPY +1.12%. Close +3.75% vs SPY +1.48% |
| 2024Q4ended 2024-12-31 | 2025-02-20 16:30 | 0.330 | 0.160 | 0.332 | 436.59 | 442.36 | EPS +106.1% · sales -1.3% | vs 2023Q4, year-ago quarter · EPS +57.1% · sales +6.8% | 11 EPS · 12 sales | Open -0.59% vs SPY -0.04%. Close -1.60% vs SPY -1.71% |
| 2024Q3ended 2024-09-30 | 2024-10-29 16:30 | 0.200 | 0.145 | 0.200 | 445.06 | 443.81 | EPS +37.7% · sales +0.3% | vs 2023Q3, year-ago quarter · EPS 0.0% · sales +5.5% | 10 | Open -2.06% vs SPY -0.08%. Close -2.91% vs SPY -0.30% |
| 2024Q2ended 2024-06-30 | 2024-08-01 16:30 | 0.250 | 0.145 | 0.250 | 423.49 | 422.46 | EPS +72.1% · sales +0.2% | vs 2023Q2, year-ago quarter · EPS -7.4% · sales +7.1% | 11 EPS · 12 sales | Open +0.41% vs SPY -1.34%. Close +2.47% vs SPY -1.86% |
| 2024Q1ended 2024-03-31 | 2024-05-02 16:30 | 0.300 | 0.151 | 0.297 | 423.56 | 421.28 | EPS +98.2% · sales +0.5% | vs 2023Q1, year-ago quarter · EPS -6.3% · sales +6.5% | 11 EPS · 12 sales | Open +2.12% vs SPY +1.21%. Close -1.76% vs SPY +1.24% |
| 2023Q4ended 2023-12-31 | 2024-02-22 16:30 | 0.210 | 0.135 | 0.210 | 408.66 | 410.87 | EPS +55.6% · sales -0.5% | vs 2022Q4, year-ago quarter · EPS -16.0% · sales +7.3% | 11 EPS · 12 sales | Open -0.03% vs SPY +0.35%. Close +1.41% vs SPY +0.07% |
| 2023Q3ended 2023-09-30 | 2023-11-02 16:30 | 0.200 | 0.122 | 0.204 | 421.7 | 415.16 | EPS +64.2% · sales +1.6% | vs 2022Q3, year-ago quarter · EPS +42.9% · sales +7.7% | 7 | - |
| 2023Q2ended 2023-06-30 | 2023-07-27 16:30 | 0.270 | 0.107 | 0.270 | 395.55 | 395.17 | EPS +152.8% · sales +0.1% | vs 2022Q2, year-ago quarter · EPS +68.8% · sales +9.3% | 8 EPS · 9 sales | - |
| 2023Q1ended 2023-03-31 | 2023-05-04 16:30 | 0.320 | 0.110 | 0.325 | 397.7 | 394.54 | EPS +192.2% · sales +0.8% | vs 2022Q1, year-ago quarter · EPS +100.0% · sales +11.7% | 9 EPS · 12 sales | - |
| 2022Q4ended 2022-12-31 | 2023-02-23 16:30 | 0.250 | 0.117 | 0.247 | 380.93 | 374.85 | EPS +114.6% · sales +1.6% | vs 2021Q4, year-ago quarter · EPS +78.6% · sales +12.3% | 8 EPS · 7 sales | - |
Annual earnings
2025FY EPS 1.180 beat 1.016, from 1.080 a year earlier. Sales 1,850 missed 1,852, from 1,729 a year earlier
Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.
earnings feed, not the snapshot. Not the statement ratio.
| Period | EPS adjusted | EPS est | EPS reported | Sales act, USD m | Sales est, USD m | P/E, earnings feed |
|---|---|---|---|---|---|---|
| 2029FYestimate | - | 0.860 | - | - | - | 37.54 |
| 2028FYestimate | - | 0.796 | - | - | 2,046 | 40.56 |
| 2027FYestimate | - | 0.751 | - | - | 1,973 | 42.99 |
| 2026FYestimate | - | 0.917 | - | - | 1,910 | 35.20 |
| 2025FY | 1.180 | 1.016 | 1.180 | 1,850 | 1,852 | 27.20 |
| 2024FY | 1.080 | 0.893 | 1.079 | 1,729 | 1,735 | 34.65 |
| 2023FY | 1.010 | 0.915 | 1.007 | 1,624 | 1,627 | 35.18 |
| 2022FY | 0.710 | 0.575 | 0.715 | 1,491 | 1,489 | 41.94 |
| 2021FY | 0.410 | 0.380 | 0.414 | 1,307 | 1,311 | 105.09 |
| 2020FY | 0.280 | 0.244 | 0.277 | 1,183 | 1,187 | 105.86 |
| 2019FY | 0.290 | 0.270 | 0.286 | 1,143 | 1,144 | 89.30 |
| 2018FY | 0.080 | 0.085 | 0.080 | 1,073 | 909 | 245.15 |
| 2017FY | -0.080 | 0.037 | -0.084 | 960.4 | 948.41 | 586.36 |
| 2016FY | -0.140 | -0.183 | -0.143 | 878.89 | 880.46 | - |
| 2015FY | -0.400 | -0.337 | -0.402 | 630.58 | 631.3 | - |
| 2014FY | -0.340 | -0.242 | -0.340 | 398.87 | 401.71 | - |
| 2013FY | -0.370 | -0.091 | -0.360 | 139.03 | 140.45 | - |
| 2012FY | -1.420 | - | - | 4.54 | - | - |
Quarterly results
2026Q3 revenue 502.03, from 482.79 a year earlier. Operating margin 25.0%, from 23.3% a year earlier
From the quarterly statement. Not an estimate.
Estimate revisions
Latest snapshot of each period and type. 2026FY E 0.92 per share.
| Period | Type | Scale | Date | Mean | vs prior date |
|---|---|---|---|---|---|
| 2026FY | S | USD millions | 2026-11-13 | 1,910 | +0.0% |
| 2026Q4 | S | - | 2026-11-13 | 474.99 | +0.0% |
| 2026FY | E | per share | 2026-11-12 | 0.92 | -3.0% |
| 2026Q4 | E | per share | 2026-11-12 | 0.17 | -1.9% |
| 2026FY | R | per share | 2026-11-06 | 1.02 | -2.2% |
| 2026Q4 | R | per share | 2026-11-06 | 0.19 | -3.8% |
| 2026Q3 | E | per share | 2026-11-02 | 0.18 | 0.0% |
| 2026Q3 | R | per share | 2026-11-02 | 0.19 | 0.0% |
| 2026Q3 | S | - | 2026-10-19 | 488.72 | 0.0% |
| 2026Q2 | E | per share | 2026-07-29 | 0.18 | 0.0% |
| 2026Q2 | R | per share | 2026-07-29 | 0.18 | 0.0% |
| 2026Q2 | S | - | 2026-07-29 | 466.51 | 0.0% |
| 2026Q1 | E | per share | 2026-05-06 | 0.18 | 0.0% |
| 2026Q1 | S | - | 2026-05-06 | 470.62 | 0.0% |
| 2026Q1 | R | per share | 2026-04-30 | 0.18 | 0.0% |
| 2025FY | E | per share | 2026-02-17 | 1.02 | 0.0% |
| 2025FY | R | per share | 2026-02-17 | 0.98 | 0.0% |
| 2025Q4 | S | - | 2026-02-17 | 459.24 | 0.0% |
| 2025Q4 | E | per share | 2026-01-27 | 0.19 | 0.0% |
| 2025FY | S | USD millions | 2026-01-26 | 1,853 | 0.0% |
| 2025Q4 | R | per share | 2026-01-19 | 0.17 | -4.5% |
| 2025Q3 | S | - | 2025-10-20 | 476.76 | -0.1% |
| 2025Q3 | E | per share | 2025-10-19 | 0.19 | 0.0% |
| 2025Q3 | R | per share | 2025-10-18 | 0.18 | 0.0% |
| 2025Q2 | E | per share | 2025-07-30 | 0.17 | 0.0% |
| 2025Q2 | S | - | 2025-07-30 | 450.19 | 0.0% |
| 2025Q2 | R | per share | 2025-07-16 | 0.16 | 0.0% |
| 2025Q1 | E | per share | 2025-04-15 | 0.15 | -0.7% |
| 2025Q1 | S | - | 2025-04-15 | 454.36 | 0.0% |
| 2025Q1 | R | per share | 2025-04-11 | 0.15 | -5.5% |
| 2024FY | E | per share | 2025-02-12 | 0.89 | 0.0% |
| 2024Q4 | E | per share | 2025-02-12 | 0.16 | 0.0% |
| 2024FY | R | per share | 2025-02-12 | 0.89 | 0.0% |
| 2024Q4 | R | per share | 2025-02-12 | 0.17 | 0.0% |
| 2024Q4 | S | - | 2025-02-12 | 442.36 | 0.0% |
| 2024FY | S | USD millions | 2025-01-29 | 1,735 | 0.0% |
| 2024Q3 | E | per share | 2024-10-20 | 0.15 | 0.0% |
| 2024Q3 | S | - | 2024-10-20 | 443.81 | 0.0% |
| 2024Q3 | R | per share | 2024-10-06 | 0.14 | -4.8% |
| 2024Q2 | E | per share | 2024-07-31 | 0.15 | 0.0% |
| 2024Q2 | R | per share | 2024-07-23 | 0.15 | -3.6% |
| 2024Q2 | S | - | 2024-07-23 | 422.46 | +0.1% |
| 2024Q1 | E | per share | 2024-04-13 | 0.15 | 0.0% |
| 2024Q1 | R | per share | 2024-04-12 | 0.17 | +4.9% |
| 2024Q1 | S | - | 2024-04-12 | 421.28 | +0.1% |
| 2023FY | E | per share | 2024-02-18 | 0.91 | 0.0% |
| 2023FY | R | per share | 2024-02-18 | 0.92 | 0.0% |
| 2023FY | S | USD millions | 2024-01-29 | 1,627 | 0.0% |
Estimate history
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | MRQ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS per share | -0.084 | 0.08 | 0.286 | 0.277 | 0.414 | 0.715 | 1.007 | 1.079 | 1.18 | 1.2246 | - |
| Sales USD millions | 957 | 1,073 | 1,152 | 1,183 | 1,327 | 1,507 | 1,643 | 1,746 | 1,866 | 1,911 | - |
| Shares million shares | 287 | 297 | 301 | 317 | 338 | 354 | 365 | 370 | 367 | - | 357 |
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|
| EPS per share | 0.2 | 0.332 | 0.296 | 0.284 | 0.267 | 0.334 | 0.349 | 0.314 | 0.228 |
| Sales USD millions | 450 | 442 | 464 | 461 | 483 | 459 | 476 | 473 | 502 |
| Shares million shares | 367 | 370 | 370 | 371 | 371 | 367 | 364 | 360 | 357 |
Income statement, annual
| Metric | TTM | 2025FY12/31/2025 | 2024FY12/31/2024 | 2023FY12/31/2023 | 2022FY12/31/2022 | 2021FY12/31/2021 | 2020FY12/31/2020 | 2019FY12/31/2019 | 2018FY12/31/2018 |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,910.86 | 1,866.17+6.9% | 1,746.39+6.3% | 1,643.17+9.1% | 1,506.59+13.5% | 1,327.27+12.2% | 1,182.84+2.6% | 1,152.34+7.4% | 1,072.86 |
| Total Expenses | 1,429.53 | 1,414.30+5.1% | 1,345.69+4.3% | 1,290.46+7.6% | 1,198.88+13.6% | 1,055.50-3.6% | 1,094.67+5.3% | 1,039.29+5.4% | 985.65 |
| Operating Income | 481.33 | 451.87+12.8% | 400.70+13.6% | 352.71+14.6% | 307.70+13.2% | 271.77+208.2% | 88.17-22.0% | 113.05+29.6% | 87.21 |
| Unusual Expense | 69.00 | 34.80+42.6% | 24.41+1184.7% | 1.90-78.0% | 8.63+4215.0% | 0.20-98.1% | 10.32+136.7% | 4.36-40.7% | 7.35 |
| Net Income Before Taxes | 523.32 | 513.39+9.7% | 468.14+8.3% | 432.14+19.3% | 362.11+48.3% | 244.16+91.0% | 127.84-18.1% | 156.16+61.3% | 96.81 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | 521.85 | 512.06+9.7% | 466.82+8.3% | 431.06+39.4% | 309.26+26.9% | 243.74+91.0% | 127.62-18.2% | 155.99+61.3% | 96.72 |
| Net Income From Continuing Operations | 459.99 | 451.64+9.9% | 411.11+8.4% | 379.08+39.2% | 272.37+22.5% | 222.27+96.4% | 113.17-19.6% | 140.77+52.1% | 92.56 |
| Net Income | 446.04 | 437.70+10.2% | 397.17+8.8% | 365.14+46.1% | 250.01+48.4% | 168.47+190.3% | 58.04-32.2% | 85.64+1005.0% | 7.75 |
| EPS (Recurring) per share | 1.37 | 1.25+10.6% | 1.13+11.9% | 1.01+38.4% | 0.73+78.0% | 0.41+36.7% | 0.300.0% | 0.30+200.0% | 0.10 |
| EPS (Basic, Before Extraordinaries) per share | 1.23 | 1.18+9.3% | 1.08+6.9% | 1.01+40.3% | 0.72+71.4% | 0.42+50.0% | 0.28-3.4% | 0.29+262.5% | 0.08 |
| EPS (Diluted) per share | 1.22 | 1.18+9.3% | 1.08+6.9% | 1.01+42.3% | 0.71+73.2% | 0.41+46.4% | 0.28-3.4% | 0.29+262.5% | 0.08 |
| Non-Operating Income (Expense) | 304.43 | 281.52+9.5% | 257.20+16.1% | 221.53+51.9% | 145.82+171.6% | 53.68+7.4% | 49.99+5.3% | 47.47+180.1% | 16.95 |
| Other After Tax Adjustments | -1.47 | -1.33 | -1.32 | -1.08 | -0.77 | -0.42 | -0.22 | -0.17 | -0.09 |
| Stock Option Compensation Expense | 23.88 | 25.82-16.7% | 30.98+22.1% | 25.37-7.1% | 27.31+53.5% | 17.79+81.0% | 9.83+104.4% | 4.81+40.2% | 3.43 |
| Price To Earnings Ratio ratio statement ratio, not the snapshot | 26.36 | 26.36 | 39.10 | 34.42 | 49.44 | 105.72 | 108.70 | 91.74 | 250.32 |
| Price To Sales Ratio ratio | 5.72 | 6.38 | 7.88 | 7.93 | 7.00 | 10.70 | 7.79 | 6.82 | 5.44 |
| Gross Margin % | 31.76 | 30.39 | 29.72 | 28.47 | 27.82 | 27.90 | 15.58 | 15.32 | 13.52 |
| Operating Margin % | 25.19 | 24.21 | 22.94 | 21.47 | 20.42 | 20.48 | 7.45 | 9.81 | 8.13 |
| Net Margin % | 23.34 | 23.45 | 22.74 | 22.22 | 16.59 | 12.69 | 4.91 | 7.43 | 0.72 |
| Shares Outstanding million shares | 357.50 | 366.66-0.8% | 369.62+1.3% | 364.93+3.2% | 353.52+4.6% | 338.00+6.7% | 316.66+5.3% | 300.74+1.4% | 296.65 |
| Market Capitalization | 11,614.83 | 11,614.83-16.0% | 13,826.95+6.2% | 13,019.53+22.2% | 10,652.80-27.0% | 14,583.01+53.7% | 9,487.89+20.5% | 7,875.40+33.8% | 5,886.14 |
Income statement, quarterly
| Metric | 2026Q39/30/2026 | 2026Q26/30/2026 | 2026Q13/31/2026 | 2025Q412/31/2025 | 2025Q39/30/2025 | 2025Q26/30/2025 | 2025Q13/31/2025 | 2024Q412/31/2024 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 502.03+4.0% | 473.42+2.8% | 476.15+2.7% | 459.26+3.9% | 482.79+7.2% | 460.55+7.9% | 463.57+8.5% | 441.88+6.9% |
| Total Expenses | 376.76+1.8% | 351.56+1.3% | 357.86+1.2% | 343.35+2.4% | 370.14+5.5% | 347.15+6.0% | 353.67+6.5% | 335.39+5.8% |
| Operating Income | 125.27+11.2% | 121.86+7.5% | 118.30+7.6% | 115.91+8.8% | 112.66+13.2% | 113.40+14.1% | 109.91+15.3% | 106.49+10.7% |
| Unusual Expense | 21.90-41.6% | 24.20+317.2% | 4.50-4.7% | 18.40+67.6% | 37.48-2.9% | 5.80+135.8% | 4.72+155.1% | 10.98+1272.5% |
| Net Income Before Taxes | 97.30-16.7% | 132.92+7.5% | 148.84+15.6% | 144.25+0.3% | 116.80+33.3% | 123.62+13.9% | 128.71+0.5% | 143.87+58.2% |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | 96.92-16.8% | 132.54+7.5% | 148.45+15.6% | 143.93+0.3% | 116.48+33.4% | 123.28+13.9% | 128.37+0.5% | 143.52+58.2% |
| Net Income From Continuing Operations | 85.42-17.0% | 116.74+7.4% | 130.86+15.7% | 126.97+0.5% | 102.86+33.6% | 108.70+14.0% | 113.11+0.6% | 126.36+58.2% |
| Net Income | 81.93-17.6% | 113.25+7.6% | 127.38+16.2% | 123.48+0.5% | 99.38+35.2% | 105.21+14.6% | 109.63+0.7% | 122.88+60.9% |
| EPS (Recurring) per share | 0.27-20.6% | 0.36+24.1% | 0.36+20.0% | 0.37+5.7% | 0.34+25.9% | 0.29+16.0% | 0.300.0% | 0.35+66.7% |
| EPS (Basic, Before Extraordinaries) per share | 0.23-14.8% | 0.31+10.7% | 0.35+16.7% | 0.330.0% | 0.27+35.0% | 0.28+12.0% | 0.300.0% | 0.33+57.1% |
| EPS (Diluted) per share | 0.23-14.8% | 0.31+10.7% | 0.35+16.7% | 0.330.0% | 0.27+35.0% | 0.28+12.0% | 0.300.0% | 0.33+57.1% |
| Non-Operating Income (Expense) | 44.35-50.6% | 84.79+36.0% | 83.27+20.8% | 92.02-0.9% | 89.82+27.7% | 62.33+24.0% | 68.95-5.8% | 92.84+203.4% |
| Other After Tax Adjustments | -0.38 | -0.38 | -0.39 | -0.32 | -0.32 | -0.34 | -0.35 | -0.35 |
| Stock Option Compensation Expense | 6.33+1.8% | 6.64+2.6% | 6.76-11.7% | 4.15+45.6% | 6.22+8.4% | 6.47-38.3% | 7.66-22.9% | 2.85-38.3% |
| Price To Earnings Ratio ratio statement ratio, not the snapshot | 26.36 | 27.16 | 23.66 | 27.23 | 29.92 | 33.47 | 35.04 | 39.10 |
| Price To Sales Ratio ratio | 5.72 | 6.39 | 5.42 | 6.37 | 6.68 | 7.37 | 7.86 | 7.93 |
| Gross Margin % | 31.45 | 32.60 | 31.07 | 31.95 | 29.41 | 30.45 | 29.81 | 30.97 |
| Operating Margin % | 24.95 | 25.74 | 24.84 | 25.24 | 23.33 | 24.62 | 23.71 | 24.10 |
| Net Margin % | 16.32 | 23.92 | 26.75 | 26.89 | 20.58 | 22.84 | 23.65 | 27.81 |
| Shares Outstanding million shares | 357.50-3.7% | 359.82-3.0% | 363.80-1.7% | 366.66-0.8% | 371.10+1.2% | 370.90+1.2% | 370.16+1.0% | 369.62+1.3% |
| Market Capitalization | 11,614.83-5.8% | 12,061.00-9.7% | 10,156.63-27.4% | 11,912.50-13.8% | 12,332.76-12.3% | 13,351.71-1.9% | 13,995.75+3.9% | 13,826.95+6.2% |
Balance sheet, annual
| Metric | 2025FY12/31/2025 | 2024FY12/31/2024 | 2023FY12/31/2023 | 2022FY12/31/2022 | 2021FY12/31/2021 | 2020FY12/31/2020 | 2019FY12/31/2019 | 2018FY12/31/2018 | 2017FY12/31/2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 230.69-34.1% | 350.22+57.9% | 221.86+1.8% | 217.96+13.7% | 191.77-27.7% | 265.08+61.5% | 164.12-6.3% | 175.21-4.2% | 182.82 |
| Short Term Receivables | 43.12-11.9% | 48.97-29.6% | 69.54-8.3% | 75.80-1.5% | 76.93+85.2% | 41.54-37.5% | 66.45+128.9% | 29.03-3.7% | 30.14 |
| Investments | 12,353.72+0.8% | 12,257.07+5.0% | 11,672.00+4.1% | 11,211.67+9.7% | 10,217.78+15.7% | 8,833.55+5.0% | 8,410.11+2.0% | 8,244.50+1.9% | 8,090.75 |
| Investment in Unconsolidated Affiliates | 148.94-13.6% | 172.33+50.9% | 114.20+6.4% | 107.35-12.0% | 121.95+31.0% | 93.11+37.0% | 67.94+19.6% | 56.79 | 0.00 |
| Net Property, Plant & Equipment | 15.68+6.4% | 14.73-11.4% | 16.62-13.1% | 19.13+10.8% | 17.27-8.0% | 18.77 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 449.98+0.4% | 448.09+0.3% | 446.63+2.7% | 435.04+29.2% | 336.73+10.0% | 306.06-21.8% | 391.49-21.1% | 495.95+62.6% | 305.06 |
| Total Assets | 13,242.12-1.0% | 13,381.15+5.5% | 12,688.19+4.2% | 12,175.06+11.1% | 10,962.43+14.3% | 9,593.62+5.4% | 9,100.11+1.1% | 9,001.48+4.6% | 8,608.77 |
| Total Debt | 5,112.93+1.7% | 5,027.07+12.2% | 4,479.94-1.3% | 4,536.75+16.4% | 3,899.20+37.5% | 2,836.58+0.1% | 2,833.50+1.1% | 2,803.54+13.2% | 2,475.89 |
| Long Term Debt | 5,108.58+1.9% | 5,012.69+42.7% | 3,512.78-21.9% | 4,495.28+16.5% | 3,859.76+38.0% | 2,796.70-0.6% | 2,812.78+1.1% | 2,782.83+19.0% | 2,339.16 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 419.68-17.0% | 505.45-9.0% | 555.37+19.8% | 463.65+42.7% | 324.80+14.1% | 284.62+14.8% | 247.82+10.5% | 224.20-12.8% | 257.06 |
| Total Liabilities | 5,532.61+0.0% | 5,532.52+9.9% | 5,035.31+0.7% | 5,000.40+18.4% | 4,224.00+35.3% | 3,121.20+1.3% | 3,081.32+1.8% | 3,027.74+10.8% | 2,732.94 |
| Preferred Stock - Carrying Value | 0.090.0% | 0.090.0% | 0.090.0% | 0.09-40.0% | 0.15-57.1% | 0.350.0% | 0.350.0% | 0.35-7.9% | 0.38 |
| Common Equity | 7,033.66-1.8% | 7,159.92+2.8% | 6,967.43+7.3% | 6,495.90+7.2% | 6,059.42+4.7% | 5,788.74+8.5% | 5,335.07+1.6% | 5,251.61+2.0% | 5,149.24 |
| Total Shareholders Equity | 7,033.75-1.8% | 7,160.02+2.8% | 6,967.52+7.3% | 6,495.99+7.2% | 6,059.57+4.7% | 5,789.09+8.5% | 5,335.43+1.6% | 5,251.97+2.0% | 5,149.63 |
| Accumulated Minority Interest | 675.76-1.9% | 688.61+0.5% | 685.36+1.0% | 678.670.0% | 678.86-0.7% | 683.340.0% | 683.36-5.3% | 721.78-0.6% | 726.20 |
| Total Equity | 7,709.51-1.8% | 7,848.63+2.6% | 7,652.88+6.7% | 7,174.66+6.5% | 6,738.43+4.1% | 6,472.43+7.5% | 6,018.79+0.8% | 5,973.74+1.7% | 5,875.82 |
| Total Liabilities & Stockholders Equity | 13,242.12-1.0% | 13,381.15+5.5% | 12,688.19+4.2% | 12,175.06+11.1% | 10,962.43+14.3% | 9,593.62+5.4% | 9,100.11+1.1% | 9,001.48+4.6% | 8,608.77 |
| Book Value Per Share per share | 19.18-1.0% | 19.37+1.5% | 19.09+3.9% | 18.38+2.5% | 17.93-1.9% | 18.28+3.0% | 17.74+0.2% | 17.70-1.4% | 17.96 |
| Tangible Book Value Per Share per share | 18.83-0.9% | 19.01+1.4% | 18.74+4.1% | 18.01+2.7% | 17.53-2.0% | 17.89+3.0% | 17.37+0.2% | 17.33-1.3% | 17.56 |
| Full-Time Employees people | 1,598-7.6% | 1,730+0.3% | 1,725-3.8% | 1,794+16.6% | 1,538+6.3% | 1,447+9.3% | 1,324+7.3% | 1,234+8.7% | 1,135 |
| Price to Book Ratio ratio | 1.72 | 1.96 | 1.90 | 1.65 | 2.43 | 1.64 | 1.48 | 1.12 | 1.17 |
| Return on Assets % | 3.39 | 3.15 | 3.05 | 2.35 | 2.16 | 1.21 | 1.56 | 1.05 | 0.83 |
| Return on Equity % | 6.36 | 5.82 | 5.63 | 4.34 | 3.75 | 2.03 | 2.66 | 1.78 | 1.48 |
| Return on Invested Capital % | 3.72 | 3.38 | 3.62 | 2.48 | 2.24 | 1.32 | 1.73 | 1.15 | 0.92 |
| Quick Ratio ratio | 1.14 | 1.17 | 0.29 | 0.87 | 0.96 | 1.23 | 1.50 | 2.13 | 0.68 |
| Current Ratio ratio | 1.14 | 1.17 | 0.29 | 0.87 | 0.96 | 1.23 | 1.50 | 2.13 | 0.68 |
Cash flow, annual
| Metric | TTM | 2025FY12/31/2025 | 2024FY12/31/2024 | 2023FY12/31/2023 | 2022FY12/31/2022 | 2021FY12/31/2021 | 2020FY12/31/2020 | 2019FY12/31/2019 | 2018FY12/31/2018 |
|---|---|---|---|---|---|---|---|---|---|
| Funds from Operations | 866.61 | 904.53+2.0% | 886.46+15.7% | 766.36+7.9% | 710.03+15.2% | 616.23+1.6% | 606.25+26.2% | 480.32+0.4% | 478.30 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 38.19 | 38.49-7.0% | 41.39+106.3% | 20.06-15.7% | 23.80-34.8% | 36.52 | -3.15-2523.1% | 0.13 | -30.50 |
| Cash from Operating Activities | 904.80 | 943.03+1.6% | 927.85+18.0% | 786.42+7.2% | 733.83+12.4% | 652.75+8.2% | 603.11+25.5% | 480.45+7.3% | 447.80 |
| Capital Expenditures | -153.05 | -158.86 | -155.80 | -213.06 | -286.37 | -192.60 | -140.48 | -99.48 | -110.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 54.56 | -221.10 | -782.24 | -530.16 | -1,194.88 | -1,603.26 | -635.16 | -302.11 | -605.85 |
| Purchase of Investments | -664.45 | -851.67 | -1,361.44 | -1,005.25 | -1,541.91 | -1,736.58 | -863.72 | -524.04 | -713.82 |
| Sale Or Maturity of Investments | 719.01 | 630.57+8.9% | 579.20+21.9% | 475.09+36.9% | 347.03+160.3% | 133.32-41.7% | 228.57+3.0% | 221.93+105.5% | 107.97 |
| Other Uses | -28.38 | -30.93 | -29.81 | -1.14 | -14.55 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 1.83 | 4.02-84.3% | 25.67+533.8% | 4.05+104.5% | 1.98-59.1% | 4.84+30.5% | 3.71+71.0% | 2.17-52.0% | 4.52 |
| Cash from Investing Activities | -125.03 | -406.87 | -942.19 | -740.31 | -1,493.81 | -1,791.02 | -771.93 | -399.43 | -711.33 |
| Cash Dividends Paid | -484.30 | -460.24 | -397.48 | -333.44 | -269.59 | -184.17 | -116.19 | -114.96 | -125.55 |
| Change in Capital Stock | -458.25 | -144.03-196.5% | 149.24-63.1% | 404.74-1.6% | 411.21+75.7% | 234.09-44.3% | 420.51+3550.3% | 11.52-86.6% | 86.17 |
| Repurchase of Common Pref Stock | -463.32 | -150.09 | 0.00 | 0.00 | -155.00 | -498.75 | 0.00 | 0.00 | -34.97 |
| Sale of Common Pref Stock | 5.07 | 6.07-95.9% | 149.24-63.1% | 404.74-28.5% | 566.21-22.7% | 732.84+74.3% | 420.51+3550.3% | 11.52-90.5% | 121.14 |
| Proceedsfrom Stock Options | 0.00 | 0.00-100.0% | 142.82-64.1% | 398.20-29.1% | 561.27-23.0% | 728.61+76.2% | 413.50 | 0.00-100.0% | 110.98 |
| Issuance or Reduction of Debt, Net | 255.96 | 21.37-95.2% | 444.64 | -64.47-110.3% | 626.00-40.1% | 1,044.89 | -22.50-198.4% | 22.86-92.3% | 296.74 |
| Change in Long Term Debt | 255.96 | 21.37-95.2% | 444.64 | -64.47-110.3% | 626.00-40.1% | 1,044.89 | -22.50-198.4% | 22.86-92.3% | 296.74 |
| Issuance of Long Term Debt | 460.00 | 1,411.19-28.3% | 1,968.84+884.4% | 200.00-86.6% | 1,488.59-30.1% | 2,129.20+1537.8% | 130.00-67.0% | 394.37-56.0% | 897.11 |
| Reduction of Long Term Debt | -204.04 | -1,389.82 | -1,524.19 | -264.47 | -862.58 | -1,084.31 | -152.50 | -371.52 | -600.37 |
| Net Financing Active Other Cash Flow | -36.31 | -72.79 | -53.71 | -49.04-364.4% | 18.55 | -29.85 | -12.03 | -11.54 | -1.44 |
| Other Financing Activities Uses | -74.49 | -72.82 | -62.30 | -49.04 | -41.66 | -29.85 | -12.03 | -11.54 | -11.07 |
| Cash from Financing Activities | -722.91 | -655.69-559.5% | 142.70 | -42.21-105.4% | 786.18-26.2% | 1,064.95+294.7% | 269.78 | -92.12-136.0% | 255.92 |
| Net Change in Cash | 56.86 | -119.53-193.1% | 128.35+3191.0% | 3.90-85.1% | 26.19 | -73.31-172.6% | 100.96 | -11.10 | -7.61 |
| Free Cash Flow | 751.75 | 784.17+1.6% | 772.04+26.1% | 612.11+23.2% | 497.03+3.0% | 482.52+0.2% | 481.32+24.3% | 387.08+13.5% | 340.95 |
| Preferred Dividends (Cash Flow) | - | -13.94 | -13.94 | -13.94 | -17.08 | -37.92 | -55.13 | -55.13 | -67.18 |
| Price to Free Cash Flow ratio | 40.89 | 36.75 | 36.76 | 46.77 | 46.35 | 47.58 | 25.23 | 28.89 | 27.12 |
Balance sheet, quarterly
| Metric | 2026Q39/30/2026 | 2026Q26/30/2026 | 2026Q13/31/2026 | 2025Q412/31/2025 | 2025Q39/30/2025 | 2025Q26/30/2025 | 2025Q13/31/2025 | 2024Q412/31/2024 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 232.59+32.3% | 257.70-44.8% | 208.16-4.9% | 230.69-34.1% | 175.74-44.7% | 466.60-47.1% | 218.86-22.7% | 350.22+57.9% |
| Short Term Receivables | 55.88-1.6% | 45.37-10.7% | 48.24-8.2% | 43.12-11.9% | 56.79+12.7% | 50.82+15.0% | 52.53+15.0% | 48.97-29.6% |
| Investments | 12,184.91-1.4% | 12,226.76-1.1% | 12,282.53-0.1% | 12,353.72+0.8% | 12,360.40+5.6% | 12,365.38+6.4% | 12,293.53+5.3% | 12,257.07+5.0% |
| Investment in Unconsolidated Affiliates | 148.64-15.2% | 147.28-0.4% | 150.71-6.3% | 148.94-13.6% | 175.29+13.1% | 147.84-1.5% | 160.76+40.3% | 172.33+50.9% |
| Net Property, Plant & Equipment | 16.31+3.8% | 17.34+19.2% | 15.96+8.7% | 15.68+6.4% | 15.71+8.9% | 14.55-4.8% | 14.68-6.8% | 14.73-11.4% |
| Other Intangible Assets | 416.73-3.7% | 426.64-11.4% | 469.43-2.5% | 449.98+0.4% | 432.54-9.3% | 481.60+6.2% | 481.42-3.1% | 448.09+0.3% |
| Total Assets | 13,055.06-1.5% | 13,121.10-3.5% | 13,175.04-0.9% | 13,242.12-1.0% | 13,253.47+3.2% | 13,592.32+2.2% | 13,289.22+4.1% | 13,381.15+5.5% |
| Total Debt | 5,180.38+6.6% | 5,149.18-0.5% | 5,145.44+4.1% | 5,112.93+1.7% | 4,860.79+7.2% | 5,174.69+3.3% | 4,942.94+9.3% | 5,027.07+12.2% |
| Long Term Debt | 5,162.31+6.6% | 5,130.12-0.5% | 5,127.93+4.2% | 5,108.58+1.9% | 4,843.54+7.2% | 5,156.22+14.2% | 4,923.12+22.5% | 5,012.69+42.7% |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 506.39-8.7% | 492.91-13.8% | 429.61-14.8% | 419.68-17.0% | 554.71-9.6% | 572.09-1.8% | 504.18-5.9% | 505.45-9.0% |
| Total Liabilities | 5,686.77+5.0% | 5,642.08-1.8% | 5,575.04+2.3% | 5,532.61+0.0% | 5,415.50+5.2% | 5,746.77+2.8% | 5,447.11+7.7% | 5,532.52+9.9% |
| Preferred Stock - Carrying Value | 0.090.0% | 0.090.0% | 0.090.0% | 0.090.0% | 0.090.0% | 0.090.0% | 0.090.0% | 0.090.0% |
| Common Equity | 6,702.51-6.4% | 6,807.49-5.0% | 6,927.69-3.2% | 7,033.66-1.8% | 7,161.17+2.1% | 7,165.11+2.0% | 7,153.80+1.9% | 7,159.92+2.8% |
| Total Shareholders Equity | 6,702.60-6.4% | 6,807.58-5.0% | 6,927.78-3.2% | 7,033.75-1.8% | 7,161.26+2.1% | 7,165.21+2.0% | 7,153.89+1.9% | 7,160.02+2.8% |
| Accumulated Minority Interest | 665.69-1.6% | 671.44-1.3% | 672.21-2.3% | 675.76-1.9% | 676.70-1.1% | 680.34-0.9% | 688.22+0.1% | 688.61+0.5% |
| Total Equity | 7,368.29-6.0% | 7,479.02-4.7% | 7,599.99-3.1% | 7,709.51-1.8% | 7,837.97+1.9% | 7,845.54+1.7% | 7,842.11+1.8% | 7,848.63+2.6% |
| Total Liabilities & Stockholders Equity | 13,055.06-1.5% | 13,121.10-3.5% | 13,175.04-0.9% | 13,242.12-1.0% | 13,253.47+3.2% | 13,592.32+2.2% | 13,289.22+4.1% | 13,381.15+5.5% |
| Book Value Per Share per share | 18.75-2.8% | 18.92-2.1% | 19.04-1.5% | 19.18-1.0% | 19.30+0.9% | 19.32+0.8% | 19.33+0.9% | 19.37+1.5% |
| Tangible Book Value Per Share per share | 18.39-2.9% | 18.56-2.1% | 18.69-1.5% | 18.83-0.9% | 18.94+0.9% | 18.96+0.7% | 18.97+0.9% | 19.01+1.4% |
| Full-Time Employees people | - | - | - | 1,598-7.6% | - | - | - | 1,730+0.3% |
| Price to Book Ratio ratio | 1.72 | 1.76 | 1.46 | 1.66 | 1.72 | 1.87 | 1.95 | 1.96 |
| Return on Assets % | 3.50 | 3.57 | 3.55 | 3.39 | 3.46 | 3.16 | 3.16 | 3.15 |
| Return on Equity % | 6.64 | 6.83 | 6.67 | 6.36 | 6.36 | 5.99 | 5.81 | 5.82 |
| Return on Invested Capital % | 0.72 | 0.98 | 1.09 | 1.05 | 0.86 | 0.88 | 0.94 | 1.04 |
| Quick Ratio ratio | 0.94 | 1.00 | 1.10 | 1.14 | 0.79 | 1.29 | 0.99 | 1.17 |
| Current Ratio ratio | 0.94 | 1.00 | 1.10 | 1.14 | 0.79 | 1.29 | 0.99 | 1.17 |
Cash flow, quarterly
| Metric | 2026Q39/30/2026 | 2026Q26/30/2026 | 2026Q13/31/2026 | 2025Q412/31/2025 | 2025Q39/30/2025 | 2025Q26/30/2025 | 2025Q13/31/2025 | 2024Q412/31/2024 |
|---|---|---|---|---|---|---|---|---|
| Funds from Operations | 215.63-14.3% | 216.80-3.3% | 210.92+2.6% | 223.26+14.3% | 251.53+32.7% | 224.22-28.1% | 205.52+8.3% | 195.41-2.6% |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 24.82+45.7% | 81.01+24.2% | -5.04-126.8% | -62.60 | 17.03-61.7% | 65.22-15.6% | 18.84+56.5% | -92.32 |
| Cash from Operating Activities | 240.46-10.5% | 297.81+2.9% | 205.87-8.2% | 160.66+55.8% | 268.56+14.8% | 289.44-25.6% | 224.37+11.1% | 103.09-19.9% |
| Capital Expenditures | -44.01 | -41.69 | -32.63 | -34.72 | -40.87 | -44.86 | -38.40 | -44.84 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -30.76 | 59.04 | 47.24 | -20.95 | -51.50 | -86.52 | -62.13 | -480.34 |
| Purchase of Investments | -138.40 | -145.72 | -151.26 | -229.06 | -193.53 | -224.79 | -204.28 | -676.25 |
| Sale Or Maturity of Investments | 107.63-24.2% | 204.76+48.1% | 198.50+39.6% | 208.11+6.2% | 142.03+45.6% | 138.28+11.7% | 142.15-12.2% | 195.91+124.5% |
| Other Uses | -7.00 | -5.69 | -7.38 | -8.29 | -7.60 | -6.92 | -8.12 | -8.55-127.5% |
| Other Sources | 0.00-100.0% | 0.03 | 0.21 | 1.59 | 2.43 | 0.00 | 0.00-100.0% | 0.00-100.0% |
| Cash from Investing Activities | -81.78 | -28.32 | 47.45 | -62.38 | -97.54 | -138.30 | -108.65 | -533.73 |
| Cash Dividends Paid | -122.61 | -122.60 | -124.94 | -114.15 | -115.14 | -115.09 | -115.86 | -99.89 |
| Preferred Dividends (Cash Flow) | -3.49 | -3.49 | -3.49 | -3.49 | -3.49 | -3.49 | -3.49 | -3.49 |
| Change in Capital Stock | -74.61-248800.0% | -120.78-3455.0% | -114.76-25602.2% | -148.10-232.1% | 0.03-92.9% | 3.60+77.3% | 0.45-98.7% | 112.15+10.0% |
| Repurchase of Common Pref Stock | -75.05 | -123.03 | -115.14 | -150.09 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.44+1366.7% | 2.25-37.5% | 0.39-13.3% | 1.99-98.2% | 0.03-92.9% | 3.60+77.3% | 0.45-98.7% | 112.15+10.0% |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 0.00 | 0.00 | 0.00-100.0% | 109.60+9.8% |
| Issuance or Reduction of Debt, Net | 30.00 | 0.00-100.0% | 30.00 | 195.96-51.9% | -317.86 | 229.86-52.9% | -86.59-327.9% | 407.79+385.1% |
| Change in Long Term Debt | 30.00 | 0.00-100.0% | 30.00 | 195.96-51.9% | -317.86 | 229.86-52.9% | -86.59-327.9% | 407.79+385.1% |
| Issuance of Long Term Debt | 100.00-9.0% | 80.00-87.5% | 30.00-92.7% | 250.00-72.0% | 109.84 | 641.35+29.9% | 410.00-31.0% | 893.17+346.6% |
| Reduction of Long Term Debt | -70.00 | -80.00 | 0.00 | -54.04 | -427.71 | -411.49 | -496.59 | -485.38 |
| Net Financing Active Other Cash Flow | -16.56 | -16.58 | -26.14 | 22.97-46.5% | -28.92 | -21.77 | -45.07 | 42.96 |
| Other Financing Activities Uses | -16.56 | -16.58 | -26.14 | -15.20 | -15.36 | -16.06 | -26.20 | -13.50 |
| Cash from Financing Activities | -183.78 | -259.96-369.1% | -235.84 | -43.32-109.4% | -461.89 | 96.60-73.5% | -247.07 | 463.01+407.9% |
| Net Change in Cash | -25.10 | 49.53-80.0% | -22.53 | 54.95+69.8% | -290.87 | 247.74-58.6% | -131.36-313.8% | 32.37 |
| Free Cash Flow | 196.44-13.7% | 256.13+4.7% | 173.25-6.8% | 125.93+116.2% | 227.69+17.0% | 244.58-30.5% | 185.97+11.2% | 58.25-31.2% |
| Price to Free Cash Flow ratio | 40.89 | 39.50 | 33.68 | 36.68 | 45.67 | 52.82 | 37.21 | 36.95 |
Revenue breakdown
USD millions, so a column adds up to the income statement. Share is of the latest year in that split. The change is versus the older year shown, not TTM.
| Name | 2024 | 2025 | vs 2024 | 2025 share |
|---|---|---|---|---|
| Total Real Estate Investment Trusts revenue | 1,728.70 | 1,850.23 | +7.0% | 100.0% |
| Total | 1,728.70 | 1,850.23 | +7.0% | 100.0% |
| Name | 2024 | 2025 | vs 2024 | 2025 share |
|---|---|---|---|---|
| United States | 1,728.70 | 1,850.23 | +7.0% | 100.0% |
| Total | 1,728.70 | 1,850.23 | +7.0% | 100.0% |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 4.25% | 14.0M | 329.6M | 2.64M |
| 2026-10-15 | 4.05% | 13.4M | 329.6M | 2.55M |
| 2026-09-30 | 4.20% | 13.8M | 329.6M | 2.40M |
| 2026-09-15 | 3.52% | 11.6M | 329.6M | 2.21M |
| 2026-08-31 | 3.28% | 10.8M | 329.6M | 2.22M |
| 2026-08-14 | 2.99% | 9.8M | 329.1M | 2.49M |
| 2026-07-31 | 2.98% | 9.8M | 329.1M | 2.74M |
| 2026-07-15 | 3.30% | 10.9M | 329.1M | 2.80M |
| 2026-06-30 | 2.70% | 8.9M | 329.1M | 3.03M |
| 2026-06-15 | 2.63% | 8.6M | 328.3M | 3.04M |
| 2026-05-29 | 2.26% | 7.4M | 330.1M | 3.26M |
| 2026-05-15 | 2.13% | 7.0M | 330.1M | 3.81M |
| 2026-04-30 | 2.15% | 7.2M | 333.9M | 3.77M |
| 2026-04-15 | 2.14% | 7.1M | 333.9M | 4.00M |
| 2026-03-31 | 2.07% | 6.9M | 333.9M | 4.48M |
| 2026-03-13 | 1.90% | 6.3M | 333.9M | 4.39M |
| 2026-02-27 | 2.97% | 9.9M | 333.9M | 4.22M |
| 2026-02-13 | 2.31% | 7.7M | 333.9M | 3.56M |
| 2026-01-30 | 3.13% | 10.7M | 341.2M | 3.49M |
| 2026-01-15 | 3.09% | 10.6M | 341.2M | 3.38M |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 17.50 | 14.00 | 16.80 | 0.00 | 5.150 | 0.00 | 0.00 | 0.977 | -0.035 | 0.003 |
| call | 20.00 | 11.80 | 14.00 | 0.00 | 4.030 | 0.00 | 0.00 | 0.972 | -0.033 | 0.003 |
| call | 22.50 | 9.10 | 11.50 | 0.00 | 3.326 | 0.00 | 0.00 | 0.965 | -0.032 | 0.004 |
| call | 25.00 | 6.10 | 9.30 | 0.00 | 2.911 | 0.00 | 0.00 | 0.954 | -0.030 | 0.004 |
| call | 30.00 | 1.95 | 3.80 | 2.08 | 1.372 | 8.00 | 0.00 | 0.829 | -0.042 | 0.012 |
| call | 35.00 | 0.00 | 3.40 | 0.00 | 2.369 | 0.00 | 0.00 | 0.467 | -0.268 | 0.019 |
| call | 40.00 | 0.00 | 3.40 | 0.00 | 3.139 | 0.00 | 0.00 | 0.406 | -0.367 | 0.018 |
| call | 45.00 | 0.00 | 0.05 | 0.00 | 1.037 | 0.00 | 0.00 | 0.026 | -0.018 | 0.003 |
| put | 17.50 | 0.00 | 3.40 | 0.00 | 2.268 | 0.00 | 0.00 | -0.022 | -0.036 | 0.003 |
| put | 20.00 | 0.00 | 3.40 | 0.00 | 1.831 | 0.00 | 0.00 | -0.027 | -0.035 | 0.003 |
| put | 22.50 | 0.00 | 3.40 | 0.00 | 1.439 | 0.00 | 0.00 | -0.034 | -0.033 | 0.004 |
| put | 25.00 | 0.00 | 0.30 | 0.05 | 1.080 | 56.00 | 0.00 | -0.045 | -0.031 | 0.004 |
| put | 30.00 | 0.00 | 1.25 | 0.05 | 0.409 | 20.00 | 0.00 | -0.172 | -0.042 | 0.012 |
| put | 35.00 | 2.00 | 3.20 | 0.00 | 0.746 | 0.00 | 0.00 | -0.654 | -0.126 | 0.017 |
| put | 40.00 | 6.20 | 7.90 | 0.00 | 1.038 | 0.00 | 0.00 | -0.593 | -0.366 | 0.018 |
| put | 45.00 | 11.00 | 13.40 | 0.00 | 1.990 | 0.00 | 0.00 | -0.973 | -0.019 | 0.003 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-12 | 8-K | Current report | 2026-11-12 | SEC |
| 2026-11-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-11-09 | SEC |
| 2026-11-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-11-09 | SEC |
| 2026-11-05 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-04 | 8-K | Current report | 2026-11-04 | SEC |
| 2026-10-27 | 3 | Initial statement of beneficial ownership of securities | 2026-10-22 | SEC |
| 2026-10-27 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-22 | SEC |
| 2026-09-14 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-10 | SEC |
| 2026-09-11 | SCHEDULE 13D | SEC | ||
| 2026-09-11 | SCHEDULE 13D/A | SEC | ||
| 2026-09-09 | 8-K | Current report | 2026-09-09 | SEC |
| 2026-08-26 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-24 | SEC |
| 2026-08-13 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-11 | SEC |
| 2026-08-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-10 | SEC |
| 2026-07-31 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-07-30 | 8-K | Current report | 2026-07-30 | SEC |
| 2026-06-12 | 424B7 | SEC | ||
| 2026-06-12 | 8-K | Current report | 2026-06-12 | SEC |
| 2026-06-12 | 424B5 | SEC | ||
| 2026-06-12 | S-3ASR | Automatic shelf registration statement of securities of well-known seasoned issuers | SEC | |
| 2026-06-09 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-05 | SEC |
| 2026-05-28 | 8-K | Current report | 2026-05-28 | SEC |
| 2026-05-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-14 | SEC |
| 2026-05-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-14 | SEC |
| 2026-05-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-14 | SEC |
| 2026-05-18 | 8-K | Current report | 2026-05-14 | SEC |
| 2026-05-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-14 | SEC |
| 2026-05-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-14 | SEC |
| 2026-05-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-14 | SEC |
| 2026-05-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-14 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 105.37K | 2 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 193.56K | 2 | 0 | 0 |
| 2026-08 | 341.05K | 4 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 117.02K | 4 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 87.64K | 2 | 0 | 0 |
| 2026-02 | 269.12K | 4 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 114.79K | 1 | 0 | 0 |
| 2025-11 | 31.65K | 1 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| BlackRock, Inc. | 12.70% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 7.81% |
| NORGES BANK | 6.14% |
| PRINCIPAL FINANCIAL GROUP INC | 5.20% |
| STATE STREET CORP | 4.39% |
| VANGUARD CAPITAL MANAGEMENT LLC | 4.04% |
| FMR LLC | 2.70% |
| AQR CAPITAL MANAGEMENT LLC | 2.16% |
| GEODE CAPITAL MANAGEMENT, LLC | 2.06% |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.70% |
Funds
| Fund | % owned |
|---|---|
| Columbia Real Estate Equity Fund | 7.43% |
| T. Rowe Price Ultra Short-Term Bond Fund | 3.54% |
| VANGUARD REAL ESTATE INDEX FUND | 3.36% |
| iShares Core S&P Mid-Cap ETF | 3.01% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 2.86% |
| VANGUARD SMALL-CAP INDEX FUND | 2.06% |
| Real Estate Securities Fund | 1.91% |
| LoCorr Macro Strategies Fund | 1.43% |
| Cohen & Steers Real Assets Fund, Inc. | 1.41% |
| TCW METWEST TOTAL RETURN BOND FUND | 1.39% |
OakChart. AMH. Cached 15 minutes. Terms