FrontView REIT Inc
FVRReal Estate·REIT - Diversified·USA·Small·NYSE·Nov 12 • 3:59 PM ET
18.78-0.38 (-1.98%)
2026-11-13 13:14 CET
Market cap
$583.47M
Revenue, TTM
71.33 USD m
Net income, TTM
-1.60 USD m
Free cash flow, TTM
46.21 USD m
EPS diluted, TTM
-0.09
Price
FVR against its 20, 50 and 200-day averagesPatternshover a marker to name it
15.7% under the 52-week high of 22.29 on 15 Jul 2026. 52-week low 13.36 on 12 Nov 2025. Last 15 sessions, 13.8% high to low
Volume 0.00× normal · the session has not printed · the line is the 50-bar volume average
Setup. RS line 36
CANSLIM 3 of 6 — fails: EPS Growth Qtr Over Qtr: High (>25%); 52-Week High/Low: 0-10% below High; Performance: Year +50%
VCP 4 of 6 — fails: 50-Day Simple Moving Average: SMA50 above SMA200; 52-Week High/Low: 0-10% below High
Minervini 1 of 4 — fails: 50-Day Simple Moving Average: SMA50 above SMA200; 52-Week High/Low: 0-10% below High; Performance: Year +50%
Zanger 3 of 5 — fails: Performance: Week +10%; Relative Volume: Over 1.5
Leaders 2 of 5 — fails: Performance: Year +50%; Average Volume: Over 500K; 52-Week High/Low: 0-10% below High
Breakout 2 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2
Growth 1 of 4 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth Next Year: High (>25%); Return on Equity: Over +15%
Quality 0 of 5 — fails: Return on Equity: Over +15%; Net Profit Margin: High (>20%); Debt/Equity: Low (<0.1); Current Ratio: Over 1 — not on the tape: P/E: Under 25
Value 1 of 4 — fails: Return on Equity: Over +15%; Debt/Equity: Low (<0.1) — not on the tape: P/E: Under 15
Income 1 of 4 — fails: Dividend Growth: Growing 2+ Years — not on the tape: Payout Ratio: Low (<20%); P/E: Under 25
Small Cap 2 of 4 — fails: Average Volume: Over 500K; Performance: Year +50%
Accumulation 4 of 4
Relative Strength 1 of 3 — fails: Performance: Year +100%; Average Volume: Over 500K
Profile
FVR52-week range, 61% of the way up
13.3622.29
FrontView REIT, Inc. engages in the acquisition, ownership, lease, and management of outparcel properties that are net leased to a group of tenants. It offers its services to tenant industries including automotive stores and dealers, medical and dental providers, financial institutions, general retail, cellular stores, convenience and gas stores, pharmacies, and car washes. The company was founded by Stephen Preston in 2016 and is headquartered in Dallas, TX.
| Index | RUT |
|---|---|
| Employees | 22 |
| IPO | Oct 02, 2024 |
| Beta | 1.07 |
| ATR, 14d | 0.68 |
| Rel volume | 0.00 |
| Short float | 3.08% |
| Insider own | 5.38% |
| Inst own | 78.75% |
Snapshot
6 groupsValuation
| Index | RUT |
|---|---|
| Market Cap | $583.47M |
| Enterprise Value | 977.76M |
| Income | -1.60M |
| Sales | 71.33M |
| Book / share | 18.92 |
| Cash / share | 0.16 |
| Dividend Est. | 0.86 (4.59%) |
| Dividend TTM | 0.86 (4.58%) |
| Dividend Ex-Date | Dec 31, 2026 |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 22 |
| IPO | Oct 02, 2024 |
Ratios
| Price / earnings | - |
|---|---|
| Forward price / earnings | - |
| Price / earnings / growth | - |
| Price / sales | 8.18 |
| Price / book | 0.99 |
| Price / cash | 116.23 |
| Price / free cash flow | 12.63 |
| Value / cash profit | 20.90 |
| Value / sales | 13.71 |
| Quick Ratio | 0.74 |
| Current Ratio | 0.74 |
| Debt / equity | 0.64 |
| Long-term debt / equity | 0.64 |
| Options and short | No / Yes |
Earnings
| Earnings / share | -0.09 |
|---|---|
| Earnings next year | -0.06 |
| Earnings next quarter | -0.03 |
| Earnings this year | 121.31% |
| Earnings next year | -230.65% |
| Earnings growth, 5 years | 53.48% |
| Past earnings growth | - - |
| Past sales growth | - - |
| Earnings vs last year | 90.60% |
| Sales vs last year | 7.89% |
| Earnings vs last quarter | -56.88% |
| Sales vs last quarter | 10.86% |
| Earnings | Nov 04 AMC |
| Surprise | 452.42% -1.46% |
Ownership
| Insiders own | 5.38% |
|---|---|
| Insider trades | 0.00% |
| Institutions own | 78.75% |
| Institution trades | 11.95% |
| Return on assets | -0.00% |
| Return on equity | -0.01% |
| Return on capital | -0.00% |
| Gross Margin | 42.40% |
| Operating margin | 20.85% |
| Profit Margin | -2.24% |
| 20-day average | 2.50% |
| 50-day average | 5.19% |
| 200-day average | 3.70% |
Technical
| Shares out | 26.63M |
|---|---|
| Shares floating | 25.29M |
| Short / float | 3.08% |
| Short ratio | 3.59 |
| Short interest | 0.78M |
| 52-week high | 22.29 -15.7% |
| 52-week low | 13.36 +40.6% |
| Volatility | 3.58% 3.83% |
| Average range | 0.68 |
| Strength index | 56.02 |
| Market sensitivity | 1.07 |
| Relative volume | 0.00 |
| Avg Volume | 216.86K |
| Volume | 0 |
Performance
| Perf Week | -1.93% |
|---|---|
| Perf Month | 12.19% |
| Perf Quarter | -4.96% |
| Perf Half Y | 6.10% |
| Perf YTD | 27.24% |
| Perf Year | 37.99% |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recommendation | 1.64 |
| Target Price | 21.32 |
| Prev Close | 18.78 |
| Price | 18.78 |
| Change % | 0.00% |
Analyst ratings
latest 10 of 13| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Jul 15, 2026 | Initiated | Huntington | Outperform | $22.50 | +19.8% |
| Jun 09, 2026 | Initiated | Raymond James | Strong Buy | $22 | +17.1% |
| Jun 01, 2026 | Initiated | Compass Point | Buy | $21 | +11.8% |
| Apr 17, 2026 | Initiated | BMO Capital Markets | Outperform | $20 | +6.5% |
| Mar 19, 2026 | Initiated | B. Riley Securities | Buy | $20.50 | +9.2% |
| Jul 11, 2025 | Downgrade | Morgan Stanley | Overweight → Equal-Weight | $13.50 | -28.1% |
| Jun 17, 2025 | Downgrade | JP Morgan | Overweight → Neutral | $12 | -36.1% |
| May 06, 2025 | Downgrade | BofA Securities | Buy → Neutral | $15 | -20.1% |
| Nov 12, 2024 | Initiated | CapitalOne | Overweight | $22 | +17.1% |
| Oct 28, 2024 | Initiated | Wells Fargo | Overweight | $22 | +17.1% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| PINE | Alpine Income Property Trust Inc | 299.43M |
| NTST | Netstreit Corp | 2.32B |
| FCPT | Four Corners Property Trust Inc | 2.53B |
| BNL | Broadstone Net Lease Inc | 3.36B |
| GTY | Getty Realty Corp | 1.90B |
| OLP | One Liberty Properties Inc | 464.20M |
| NNN | NNN REIT Inc | 7.94B |
| ADC | Agree Realty Corp | 8.99B |
| EPRT | Essential Properties Realty Trust Inc | 6.14B |
| O | Realty Income Corp | 56.19B |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 696.31B |
| IWM | iShares Russell 2000 Index Fund | AUM: 77.86B |
| KBWY | Invesco KBW Premium Yield Equity REIT ETF | AUM: 287.30M |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.79B |
| IWN | iShares Russell 2000 Value ETF | AUM: 14.17B |
| VTWO | Vanguard Russell 2000 Index ETF | AUM: 16.90B |
| DFAR | DFA Real Estate Securities Portfolio ETF Class Shares | AUM: 1.82B |
| USRT | iShares Core U.S. REIT ETF | AUM: 4.30B |
| IWC | iShares Micro-Cap ETF | AUM: 1.23B |
| NETL | Colterpoint Net Lease Real Estate ETF | AUM: 47.88M |
News
latest 14 of 110- FrontView REIT Beats On AFFO And Widens Investment Spreads, But A Held Guide And Equity Dilution Cap Per-Share Growth (Earnings Whispers)
- FrontView's Funded-Growth Pitch Faces A Test As Shares Slip Below Its Equity Price (Earnings Whispers)
- FrontView REIT Announces Third Quarter 2026 Earnings Release Date and Conference Call Information (Business Wire)
- Chiron Real Estate Appoints Charles P. Fitzgerald Chairman of the Board (Business Wire)
- FrontView REIT Inc (FVR) (Q2 2026) Earnings Call Highlights: Raising Guidance and Expanding ... (GuruFocus.com)
- FrontView REIT Announces Second Quarter 2026 Results and Raises 2026 Net Investment and AFFO per Share Guidance (Business Wire)
- What To Expect From FrontView REIT Inc (FVR) Q2 2026 Earnings (GuruFocus.com)
- FrontView REIT Announces Second Quarter 2026 Earnings Release Date and Conference Call Information (Business Wire)
- FrontView REIT Appoints Welltower Co-President and CFO Tim McHugh to Board of Directors (Business Wire)
- FrontView REIT Announces First Quarter 2026 Results and Updated Full Year 2026 Guidance (Business Wire)
- FrontView REIT Inc (FVR) Q1 2026 Earnings Report Preview: What To Look For (GuruFocus.com)
- FrontView REIT Announces First Quarter 2026 Earnings Release Date and Conference Call Information (Business Wire)
- FrontView REIT Q4 Earnings Call Highlights (MarketBeat)
- FrontView REIT Inc (FVR) Q4 2025 Earnings Call Highlights: Strategic Growth and Financial ... (GuruFocus.com)
Quarterly earnings
2026Q3 EPS 0.080 beat -0.023, from 0.190 a year earlier. Sales 18.40 missed 18.67, from 16.60 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 | 0.080 | -0.023 | -0.001 | 18.40 | 18.67 | EPS -452.4% · sales -1.5% | vs 2025Q3, year-ago quarter · EPS -57.9% · sales +10.8% | 4 EPS · 6 sales | Open +0.67% vs SPY -0.17%. Close -0.78% vs SPY -4.41% |
| 2026Q2ended 2026-06-30 | 2026-08-06 08:30 | 0.030 | 0.013 | 0.030 | 17.95 | 18.31 | EPS +129.0% · sales -1.9% | vs 2025Q2, year-ago quarter · EPS -118.8% · sales +2.8% | 5 EPS · 7 sales | Open 0.00% vs SPY +0.05%. Close -3.17% vs SPY -0.16% |
| 2026Q1ended 2026-03-31 | 2026-05-06 16:30 | 0.000 | -0.027 | -0.002 | 17.98 | 17.33 | EPS -100.0% · sales +3.7% | vs 2025Q1, year-ago quarter · EPS -100.0% · sales +10.7% | 4 EPS · 7 sales | Open +2.12% vs SPY +0.17%. Close +4.40% vs SPY -0.31% |
| 2025Q4ended 2025-12-31 | 2026-02-24 16:30 | -0.190 | -0.013 | -0.195 | 16.32 | 16.89 | EPS +1420.0% · sales -3.4% | vs 2024Q4, year-ago quarter · EPS -75.6% · sales +5.2% | 3 EPS · 5 sales | Open 0.00% vs SPY +0.41%. Close -0.36% vs SPY +0.84% |
| 2025Q3ended 2025-09-30 | 2025-11-12 16:30 | 0.190 | -0.051 | 0.187 | 16.60 | 17.60 | EPS -472.5% · sales -5.7% | vs 2024Q3, year-ago quarter · EPS - · sales +14.2% | 2 EPS · 4 sales | Open +2.87% vs SPY -0.42%. Close +1.69% vs SPY -1.66% |
| 2025Q2ended 2025-06-30 | 2025-08-13 16:30 | -0.160 | -0.021 | -0.158 | 17.47 | 16.90 | EPS +647.7% · sales +3.4% | - | 2 EPS · 3 sales | Open +3.09% vs SPY -0.33%. Close +3.82% vs SPY +0.01% |
| 2025Q1ended 2025-03-31 | 2025-05-14 16:30 | -0.060 | -0.021 | -0.059 | 16.24 | 16.33 | EPS +185.7% · sales -0.5% | - | 2 EPS · 3 sales | Open -0.76% vs SPY -0.35%. Close -2.86% vs SPY +0.49% |
| 2024Q4ended 2024-12-31 | 2025-03-19 16:30 | -0.780 | 0.014 | -0.876 | 15.51 | 15.29 | EPS -5554.5% · sales +1.5% | - | 2 EPS · 3 sales | Open +0.55% vs SPY -0.67%. Close -6.61% vs SPY -0.29% |
| 2024Q3ended 2024-09-30 | 2024-11-13 16:30 | - | - | -0.063 | 14.53 | - | EPS - · sales - | - | - | Open -0.31% vs SPY +0.02%. Close -0.05% vs SPY -0.64% |
| 2026Q4ended 2026-12-31 | - | - | -0.026 | - | - | 19.29 | EPS - · sales - | vs 2025Q4, year-ago quarter · EPS - · sales - | 4 EPS · 6 sales | - |
| 2027Q1ended 2027-03-31 | - | - | -0.030 | - | - | 19.87 | EPS - · sales - | vs 2026Q1, year-ago quarter · EPS - · sales - | 3 EPS · 5 sales | - |
| 2027Q2ended 2027-06-30 | - | - | -0.023 | - | - | 20.43 | EPS - · sales - | vs 2026Q2, year-ago quarter · EPS - · sales - | 3 EPS · 5 sales | - |
| 2027Q3ended 2027-09-30 | - | - | -0.017 | - | - | 21.00 | EPS - · sales - | vs 2026Q3, year-ago quarter · EPS - · sales - | 3 EPS · 5 sales | - |
| 2027Q4ended 2027-12-31 | - | - | -0.013 | - | - | 22.80 | EPS - · sales - | vs 2026Q4, year-ago quarter · EPS - · sales - | 3 | - |
| 2028Q1ended 2028-03-31 | - | - | -0.040 | - | - | - | EPS - · sales - | vs 2027Q1, year-ago quarter · EPS - · sales - | 1 | - |
| 2028Q2ended 2028-06-30 | - | - | -0.030 | - | - | - | EPS - · sales - | vs 2027Q2, year-ago quarter · EPS - · sales - | 1 | - |
Annual earnings
2025FY EPS -0.220 missed -0.023, from -0.057 a year earlier. Sales 66.53 missed 67.52, from 59.92 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 | - | 0.070 | - | - | 93.19 | 268.29 |
| 2028FYestimate | - | -0.022 | - | - | 90.36 | - |
| 2027FYestimate | - | -0.061 | - | - | 81.94 | - |
| 2026FYestimate | - | 0.047 | - | - | 73.01 | 400.43 |
| 2025FY | -0.220 | -0.023 | -0.138 | 66.53 | 67.52 | - |
| 2024FY | -0.057 | -0.539 | -1.292 | 59.92 | 59.83 | - |
Quarterly results
2026Q3 revenue 18.63, from 16.80 a year earlier. Operating margin 22.3%, from 24.6% a year earlier
From the quarterly statement. Not an estimate.
Estimate revisions
Latest snapshot of each period and type. 2026FY E 0.05 per share.
| Period | Type | Scale | Date | Mean | vs prior date |
|---|---|---|---|---|---|
| 2026FY | E | per share | 2026-11-10 | 0.05 | +141.8% |
| 2026FY | S | per share | 2026-11-06 | 73.01 | +0.3% |
| 2026Q4 | S | per share | 2026-11-06 | 19.29 | -0.2% |
| 2026Q4 | E | per share | 2026-11-05 | -0.03 | +24.3% |
| 2026Q4 | R | per share | 2026-11-05 | -0.01 | 0.0% |
| 2026Q3 | E | per share | 2026-10-31 | -0.02 | 0.0% |
| 2026FY | R | per share | 2026-10-31 | 0.00 | 0.0% |
| 2026Q3 | R | per share | 2026-10-31 | -0.02 | 0.0% |
| 2026Q3 | S | per share | 2026-10-31 | 18.67 | 0.0% |
| 2026Q2 | S | per share | 2026-07-25 | 18.31 | +0.5% |
| 2026Q2 | E | per share | 2026-07-13 | 0.01 | +235.9% |
| 2026Q2 | R | per share | 2026-07-08 | 0.04 | +32.7% |
| 2026Q1 | E | per share | 2026-04-29 | -0.03 | +37.9% |
| 2026Q1 | S | per share | 2026-04-16 | 17.33 | +0.1% |
| 2026Q1 | R | per share | 2026-03-18 | -0.01 | - |
| 2025FY | E | per share | 2026-02-18 | -0.02 | 0.0% |
| 2025Q4 | E | per share | 2026-02-18 | -0.01 | 0.0% |
| 2025FY | R | per share | 2026-02-18 | -0.01 | 0.0% |
| 2025Q4 | R | per share | 2026-02-18 | -0.02 | 0.0% |
| 2025Q4 | S | per share | 2026-02-18 | 16.89 | 0.0% |
| 2025FY | S | per share | 2026-02-04 | 67.52 | 0.0% |
| 2025Q3 | S | per share | 2025-11-09 | 17.60 | 0.0% |
| 2025Q3 | E | per share | 2025-11-03 | -0.05 | +325.0% |
| 2025Q3 | R | per share | 2025-09-19 | -0.01 | +11.1% |
| 2025Q2 | S | per share | 2025-08-13 | 16.90 | 0.0% |
| 2025Q2 | E | per share | 2025-07-06 | -0.02 | 0.0% |
| 2025Q2 | R | per share | 2025-06-09 | -0.01 | +170.2% |
| 2025Q1 | S | per share | 2025-05-06 | 16.33 | +0.2% |
| 2025Q1 | E | per share | 2025-04-22 | -0.02 | +75.0% |
| 2025Q1 | R | per share | 2025-04-21 | -0.01 | -124.0% |
Estimate history
| Metric | 2024 | 2025 | TTM | MRQ |
|---|---|---|---|---|
| EPS per share | -1.292 | -0.223 | -0.0865 | - |
| Sales USD millions | 60 | 67 | 71 | - |
| Shares million shares | 17 | 22 | - | 27 |
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|
| EPS per share | -0.063 | -0.876 | -0.059 | -0.158 | 0.187 | -0.195 | -0.002 | 0.03 | 0.081 |
| Sales USD millions | 15 | 16 | 16 | 18 | 17 | 17 | 18 | 18 | 19 |
| Shares million shares | 16 | 17 | 18 | 20 | 21 | 22 | 22 | 24 | 27 |
Income statement, annual
| Metric | TTM | 2025FY12/31/2025 | 2024FY12/31/2024 |
|---|---|---|---|
| Total Revenue | 71.33 | 67.11+12.0% | 59.92 |
| Total Expenses | 56.46 | 55.78+19.8% | 46.55 |
| Operating Income | 14.87 | 11.33-15.2% | 13.36 |
| Unusual Expense | 7.37 | 10.46+133.5% | 4.48 |
| Net Income Before Taxes | -0.06 | -5.21 | -30.63 |
| Income Taxes | 0.28 | 0.35-39.7% | 0.58 |
| Consolidated Net Income | -0.34 | -5.56 | -31.21 |
| Net Income From Continuing Operations | -0.03 | -3.83 | -22.21 |
| Net Income | -1.60 | -4.41 | -22.33 |
| EPS (Recurring) per share | 0.17 | 0.15 | -1.11 |
| EPS (Basic, Before Extraordinaries) per share | -0.09 | -0.22 | -1.29 |
| EPS (Diluted) per share | -0.09 | -0.22 | -1.29 |
| Non-Operating Income (Expense) | 9.16 | 10.92 | -16.16 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 2.70 | 2.05 | - |
| Price To Sales Ratio ratio | 5.80 | 4.34 | 5.23 |
| Gross Margin % | 42.40 | 36.16 | 30.49 |
| Operating Margin % | 20.85 | 16.88 | 22.30 |
| Net Margin % | -2.24 | -6.57 | -37.27 |
| Shares Outstanding million shares | 26.63 | 22.11+27.9% | 17.29 |
| Market Capitalization | 501.87 | 501.87+72.3% | 291.32 |
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 | 18.63+10.9% | 18.00+2.6% | 18.18+11.9% | 16.52+6.5% | 16.80+15.6% | 17.55 | 16.24 | 15.51 |
| Total Expenses | 14.47+14.2% | 14.01-9.4% | 13.35+2.5% | 14.63+14.5% | 12.67+5.8% | 15.46 | 13.02 | 12.78 |
| Operating Income | 4.16+0.7% | 4.00+90.5% | 4.83+50.0% | 1.88-31.1% | 4.13+60.7% | 2.10 | 3.22 | 2.73 |
| Unusual Expense | 0.30-80.6% | 0.46-90.0% | 1.11+158.1% | 5.50+41.4% | 1.55 | 4.58 | 0.43 | 3.89 |
| Net Income Before Taxes | 3.10-44.6% | 1.61 | 0.47 | -5.24 | 5.60 | -5.94 | -1.24 | -21.25 |
| Income Taxes | 0.11+120.0% | 0.09-52.6% | 0.07-30.0% | 0.00-100.0% | 0.05-16.7% | 0.19 | 0.10 | 0.24 |
| Consolidated Net Income | 2.99-46.1% | 1.52 | 0.40 | -5.24 | 5.55 | -4.53 | -1.34 | -21.49 |
| Net Income From Continuing Operations | 2.53-36.9% | 1.23 | 0.32 | -4.11 | 4.01 | -2.90 | -0.83 | -15.14 |
| Net Income | 2.00-48.3% | 0.68 | -0.05 | -4.24 | 3.87 | -3.02 | -1.03 | -15.14 |
| EPS (Recurring) per share | 0.09-62.5% | 0.04+300.0% | 0.03 | 0.01 | 0.24 | 0.01 | -0.03 | -0.72 |
| EPS (Basic, Before Extraordinaries) per share | 0.08-57.9% | 0.03 | -0.00 | -0.19 | 0.19 | -0.16 | -0.06 | -0.88 |
| EPS (Diluted) per share | 0.08-57.9% | 0.03 | -0.00 | -0.19 | 0.19 | -0.16 | -0.06 | -0.88 |
| Non-Operating Income (Expense) | 3.55-51.0% | 2.20+155.8% | 0.95+102.1% | 2.45 | 7.24 | 0.86 | 0.47 | -16.50 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 0.55-12.7% | 0.52+225.0% | 0.84 | 0.79 | 0.63 | 0.16 | - | - |
| Price To Sales Ratio ratio | 5.80 | 6.73 | 4.99 | 4.79 | 4.30 | 3.60 | - | - |
| Gross Margin % | 44.93 | 43.34 | 46.65 | 33.84 | 43.11 | 30.61 | 37.32 | 35.97 |
| Operating Margin % | 22.33 | 22.19 | 26.57 | 11.40 | 24.58 | 11.93 | 19.84 | 17.60 |
| Net Margin % | 10.75 | 3.79 | -0.27 | -25.66 | 23.05 | -17.20 | -6.34 | -97.62 |
| Shares Outstanding million shares | 26.63+25.2% | 23.65+15.8% | 22.46+28.2% | 22.11+27.9% | 21.27+32.4% | 20.43 | 17.52 | 17.29 |
| Market Capitalization | 501.87+78.9% | 458.25+100.1% | 345.18+56.1% | 319.61+9.7% | 280.49-2.7% | 229.03 | 221.15 | 291.32 |
Balance sheet, annual
| Metric | 2025FY12/31/2025 | 2024FY12/31/2024 |
|---|---|---|
| Cash & Short Term Investments | 13.52+165.6% | 5.09 |
| Short Term Receivables | 13.27+577.0% | 1.96 |
| Investments | 699.00+2.9% | 679.01 |
| Investment in Unconsolidated Affiliates | 0.00 | 0.00 |
| Net Property, Plant & Equipment | 0.00 | 0.00 |
| Other Intangible Assets | 128.66-5.2% | 135.75 |
| Total Assets | 854.44+4.0% | 821.81 |
| Total Debt | 328.73+11.1% | 296.01 |
| Long Term Debt | 326.04+10.1% | 296.01 |
| Provision for Risks Charges | 0.00 | 0.00 |
| Other Liabilities | 32.49+941.3% | 3.12 |
| Total Liabilities | 361.22+20.8% | 299.13 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 |
| Common Equity | 391.19+20.4% | 324.82 |
| Total Shareholders Equity | 391.19+20.4% | 324.82 |
| Accumulated Minority Interest | 102.03-48.4% | 197.86 |
| Total Equity | 493.22-5.6% | 522.68 |
| Total Liabilities & Stockholders Equity | 854.44+4.0% | 821.81 |
| Book Value Per Share per share | 17.69-5.9% | 18.79 |
| Tangible Book Value Per Share per share | 13.19+8.6% | 12.14 |
| Full-Time Employees people | 22+46.7% | 15 |
| Price to Book Ratio ratio | 0.99 | 1.00 |
| Return on Assets % | -0.46 | - |
| Return on Equity % | -1.07 | - |
| Return on Invested Capital % | -0.53 | -3.58 |
| Quick Ratio ratio | 1.21 | 0.11 |
| Current Ratio ratio | 1.21 | 0.11 |
Cash flow, annual
| Metric | TTM | 2025FY12/31/2025 | 2024FY12/31/2024 |
|---|---|---|---|
| Funds from Operations | 36.80 | 33.52+42.3% | 23.56 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 9.42 | 8.61 | -3.63 |
| Cash from Operating Activities | 46.21 | 42.13+111.3% | 19.94 |
| Capital Expenditures | -0.04 | 0.00 | -0.02 |
| Net Assets From Acquisitions | 0.00 | 0.00 | -104.71 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00-100.0% | 0.11 |
| Purchase or Sale of Investments | -128.77 | -61.24-910.1% | 7.56 |
| Purchase of Investments | -184.77 | -127.67 | -2.52 |
| Sale Or Maturity of Investments | 56.00 | 66.43+559.0% | 10.08 |
| Other Uses | - | -0.01 | 0.00 |
| Other Sources | 0.28 | 4.95 | 0.00 |
| Cash from Investing Activities | -128.54 | -56.30 | -105.41 |
| Cash Dividends Paid | -19.99 | -16.60 | -1.53 |
| Change in Capital Stock | 92.47 | 0.00-100.0% | 252.50 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 92.47 | 0.00-100.0% | 252.50 |
| Proceedsfrom Stock Options | 92.47 | 0.00-100.0% | 252.50 |
| Issuance or Reduction of Debt, Net | 2.50 | 47.00 | -179.94 |
| Change in Long Term Debt | 2.50 | 47.00 | 0.00 |
| Issuance of Long Term Debt | 64.50 | 57.00 | 0.00 |
| Reduction of Long Term Debt | -62.00 | -10.00 | 0.00 |
| Net Financing Active Other Cash Flow | -7.22 | -7.81 | -14.60 |
| Other Financing Activities Uses | -6.65 | -7.81 | -14.60 |
| Cash from Financing Activities | 67.76 | 22.59-65.0% | 64.50 |
| Net Change in Cash | -14.57 | 8.42 | -12.04 |
| Free Cash Flow | 46.21 | 42.13+111.3% | 19.94 |
| Preferred Dividends (Cash Flow) | - | -0.03 | -0.03 |
| Price to Free Cash Flow ratio | 15.78 | 11.42 | 17.03 |
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 | 5.02-74.4% | 6.00-28.2% | 9.29+180.7% | 13.52+165.6% | 19.59-79.0% | 8.36 | 3.31 | 5.09 |
| Short Term Receivables | 11.47-15.3% | 11.95+12.7% | 12.61+400.4% | 13.27+577.0% | 13.54 | 10.60 | 2.52 | 1.96 |
| Investments | 792.37+16.5% | 757.53+10.1% | 717.94+1.0% | 699.00+2.9% | 679.94+12.8% | 688.21 | 710.56 | 679.01 |
| Investment in Unconsolidated Affiliates | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 123.37-7.7% | 124.89-16.4% | 129.93-10.1% | 128.66-5.2% | 133.71+13.3% | 149.34 | 144.45 | 135.75 |
| Total Assets | 932.23+10.1% | 900.36+5.1% | 869.77+1.0% | 854.44+4.0% | 846.79+4.0% | 856.51 | 860.84 | 821.81 |
| Total Debt | 323.93+0.9% | 428.74+29.4% | 327.10-4.1% | 328.73+11.1% | 321.12+21.6% | 331.41 | 341.00 | 296.01 |
| Long Term Debt | 323.23+0.7% | 419.93+26.7% | 314.43-7.8% | 326.04+10.1% | 321.12+21.6% | 331.41 | 341.00 | 296.01 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 29.03+34.9% | -57.00-369.5% | 28.51+572.4% | 32.49+941.3% | 21.52+32.4% | 21.15 | 4.24 | 3.12 |
| Total Liabilities | 352.96+3.0% | 371.74+5.4% | 355.61+3.0% | 361.22+20.8% | 342.64+22.2% | 352.56 | 345.24 | 299.13 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 503.88+30.8% | 437.32+18.2% | 418.08+28.8% | 391.19+20.4% | 385.21+31.6% | 369.89 | 324.66 | 324.82 |
| Total Shareholders Equity | 503.88+30.8% | 437.32+18.2% | 418.08+28.8% | 391.19+20.4% | 385.21+31.6% | 369.89 | 324.66 | 324.82 |
| Accumulated Minority Interest | 75.38-36.6% | 91.30-31.9% | 96.08-49.7% | 102.03-48.4% | 118.94-50.7% | 134.06 | 190.93 | 197.86 |
| Total Equity | 579.26+14.9% | 528.62+4.9% | 514.16-0.3% | 493.22-5.6% | 504.15-5.6% | 503.95 | 515.59 | 522.68 |
| Total Liabilities & Stockholders Equity | 932.23+10.1% | 900.36+5.1% | 869.77+1.0% | 854.44+4.0% | 846.79+4.0% | 856.51 | 860.84 | 821.81 |
| Book Value Per Share per share | 18.92+4.5% | 18.49+2.1% | 18.62+0.5% | 17.69-5.9% | 18.11-0.5% | 18.11 | 18.53 | 18.79 |
| Tangible Book Value Per Share per share | 15.17+13.8% | 14.28+10.9% | 14.28+19.7% | 13.19+8.6% | 13.33+13.3% | 12.88 | 11.93 | 12.14 |
| Full-Time Employees people | - | - | - | 22+46.7% | - | - | - | 15 |
| Price to Book Ratio ratio | 0.99 | 1.09 | 0.87 | 0.81 | 0.76 | 0.65 | 0.68 | 1.00 |
| Return on Assets % | -0.00 | 0.17 | -0.31 | -0.46 | -1.79 | - | - | - |
| Return on Equity % | -0.01 | 0.36 | -0.72 | -1.07 | -4.39 | - | - | - |
| Return on Invested Capital % | 0.31 | 0.14 | 0.04 | -0.57 | 0.57 | -0.41 | -0.13 | -2.44 |
| Quick Ratio ratio | 0.74 | 0.90 | 1.26 | 1.21 | 2.36 | 2.09 | 1.04 | 0.73 |
| Current Ratio ratio | 0.74 | 0.90 | 1.26 | 1.21 | 2.36 | 2.09 | 1.04 | 0.73 |
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 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Funds from Operations | 10.22+12.8% | 9.10+9.4% | 9.50+16.3% | 7.98 | 9.06 | 8.32 | 8.17 | - |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Changes in Working Capital | 0.94 | 2.34+148.9% | -2.40 | 8.54 | -0.80 | 0.94 | -0.07 | - |
| Cash from Operating Activities | 11.16+35.1% | 11.43+23.4% | 7.11-12.2% | 16.52 | 8.26 | 9.26 | 8.10 | - |
| Capital Expenditures | 0.00 | 0.00 | -0.04 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Net Assets From Acquisitions | 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 | - |
| Purchase or Sale of Investments | -38.10-361.9% | -41.20 | -26.03 | -23.44 | 14.55 | -4.51 | -47.84 | - |
| Purchase of Investments | -54.44 | -63.22 | -35.11 | -32.00 | -19.39 | -26.06 | -50.23 | - |
| Sale Or Maturity of Investments | 16.34-51.9% | 22.02+2.2% | 9.08+281.5% | 8.56 | 33.94 | 21.55 | 2.38 | - |
| Other Sources | 0.12-97.3% | -0.17 | 0.33-41.1% | 0.00 | 4.39 | 0.00 | 0.56 | - |
| Cash from Investing Activities | -37.97-300.5% | -41.38 | -25.74 | -23.45 | 18.94 | -4.51 | -47.28 | - |
| Cash Dividends Paid | -5.51 | -5.14 | -4.75 | -4.59 | -4.39 | -3.78 | -3.84 | - |
| Preferred Dividends (Cash Flow) | -0.42 | - | - | -0.02 | 0.00 | -0.02 | 0.00 | - |
| Change in Capital Stock | 51.44 | 17.16 | 23.87 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Sale of Common Pref Stock | 51.44 | 17.16 | 23.87 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Proceedsfrom Stock Options | 51.44 | 17.16 | 23.87 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Issuance or Reduction of Debt, Net | -19.00 | 16.00-68.0% | -1.50-103.4% | 7.00 | -10.00 | 50.00 | 43.50 | - |
| Change in Long Term Debt | -19.00 | 16.00-68.0% | -1.50 | 7.00 | -10.00 | 50.00 | 0.00 | - |
| Issuance of Long Term Debt | 21.00 | 18.00-64.0% | 18.50 | 7.00 | 0.00 | 50.00 | 0.00 | - |
| Reduction of Long Term Debt | -40.00 | -2.00 | -20.00 | 0.00 | -10.00 | 0.00 | 0.00 | - |
| Net Financing Active Other Cash Flow | -1.10 | -1.37 | -3.21 | -1.55 | -1.58 | -2.41 | -2.26 | - |
| Other Financing Activities Uses | -0.52 | -1.37 | -3.21 | -1.55 | -1.58 | -2.41 | -2.26 | - |
| Cash from Financing Activities | 25.83 | 26.65+8496.8% | 14.41-61.5% | 0.86 | -15.97 | 0.31 | 37.40 | - |
| Net Change in Cash | -0.98-108.7% | -3.29-165.1% | -4.22 | -6.08 | 11.23 | 5.05 | -1.78 | - |
| Free Cash Flow | 11.16+35.1% | 11.43+23.4% | 7.11-12.2% | 16.52 | 8.26 | 9.26 | 8.10 | - |
| Price to Free Cash Flow ratio | 15.78 | 19.13 | 14.59 | 12.59 | - | - | - | - |
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 | 2025 | 2025 share |
|---|---|---|
| Real Estate Investment Trusts | 67.12 | 100.0% |
| Total | 67.12 | 100.0% |
| Name | 2025 | 2025 share |
|---|---|---|
| United States | 67.12 | 100.0% |
| Total | 67.12 | 100.0% |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 3.08% | 0.8M | 25.3M | 212.54K |
| 2026-10-15 | 2.98% | 0.7M | 23.1M | 196.33K |
| 2026-09-30 | 2.98% | 0.7M | 23.1M | 194.02K |
| 2026-09-15 | 2.54% | 0.6M | 23.1M | 193.01K |
| 2026-08-31 | 2.21% | 0.5M | 23.1M | 200.89K |
| 2026-08-14 | 9.21% | 2.1M | 23.1M | 170.98K |
| 2026-07-31 | 9.05% | 2.1M | 23.1M | 165.69K |
| 2026-07-15 | 9.66% | 2.1M | 21.4M | 161.93K |
| 2026-06-30 | 9.83% | 2.1M | 21.4M | 142.81K |
| 2026-06-15 | 9.76% | 2.1M | 21.4M | 121.44K |
| 2026-05-29 | 1.03% | 0.2M | 21.4M | 109.10K |
| 2026-05-15 | 1.08% | 0.2M | 21.4M | 118.18K |
| 2026-04-30 | 1.55% | 0.3M | 21.4M | 114.69K |
| 2026-04-15 | 1.56% | 0.3M | 19.6M | 127.78K |
| 2026-03-31 | 2.35% | 0.5M | 19.6M | 157.33K |
| 2026-03-13 | 1.99% | 0.4M | 19.6M | 174.62K |
| 2026-02-27 | 2.14% | 0.4M | 19.6M | 175.92K |
| 2026-02-13 | 2.06% | 0.4M | 19.0M | 181.11K |
| 2026-01-30 | 2.55% | 0.5M | 19.0M | 180.52K |
| 2026-01-15 | 2.83% | 0.5M | 19.0M | 163.54K |
Option chain
expiry 2026-11-13| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-10 | 8-K | Current report | 2026-11-10 | SEC |
| 2026-11-05 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-05 | SCHEDULE 13G/A | SEC | ||
| 2026-11-04 | 8-K | Current report | 2026-11-03 | SEC |
| 2026-10-27 | SCHEDULE 13G/A | SEC | ||
| 2026-10-19 | 8-K | Current report | 2026-10-19 | SEC |
| 2026-10-16 | SCHEDULE 13D/A | SEC | ||
| 2026-10-06 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-04 | SEC |
| 2026-10-06 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-04 | SEC |
| 2026-10-01 | 8-K | Current report | 2026-10-01 | SEC |
| 2026-09-30 | 8-K | Current report | 2026-09-30 | SEC |
| 2026-09-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-15 | SEC |
| 2026-09-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-15 | SEC |
| 2026-09-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-15 | SEC |
| 2026-09-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-15 | SEC |
| 2026-09-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-15 | SEC |
| 2026-09-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-15 | SEC |
| 2026-09-14 | 8-K | Current report | 2026-09-14 | SEC |
| 2026-08-19 | 8-K | Current report | 2026-08-19 | SEC |
| 2026-08-19 | 424B5 | SEC | ||
| 2026-08-06 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-06 | 8-K | Current report | 2026-08-06 | SEC |
| 2026-07-23 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-21 | SEC |
| 2026-07-08 | SCHEDULE 13G/A | SEC | ||
| 2026-07-08 | SCHEDULE 13G/A | SEC | ||
| 2026-07-01 | 8-K | Current report | 2026-07-01 | SEC |
| 2026-06-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-15 | SEC |
| 2026-06-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-15 | SEC |
| 2026-06-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-15 | SEC |
| 2026-06-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-15 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| BlackRock, Inc. | 19.68% |
| PRUDENTIAL FINANCIAL INC | 12.81% |
| FMR LLC | 11.97% |
| VANGUARD CAPITAL MANAGEMENT LLC | 4.27% |
| First Eagle Investment Management, LLC | 3.31% |
| GEODE CAPITAL MANAGEMENT, LLC | 2.75% |
| Corient Private Wealth LP | 2.74% |
| Daiwa Securities Group Inc. | 2.10% |
| STATE STREET CORP | 1.95% |
| AMERIPRISE FINANCIAL INC | 1.89% |
Funds
| Fund | % owned |
|---|---|
| Fidelity Real Estate Investment Portfolio | 3.06% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 3.05% |
| Fidelity SAI Real Estate Fund | 2.91% |
| First Eagle Small Cap Opportunity Fund | 2.54% |
| iShares Russell 2000 ETF | 2.07% |
| Invesco KBW Premium Yield Equity REIT ETF | 1.72% |
| PGIM Global Real Estate Fund | 1.60% |
| Columbia Small Cap Value Discovery Fund | 1.30% |
| VANGUARD EXTENDED MARKET INDEX FUND | 1.12% |
| Fidelity Small Cap Index Fund | 1.08% |
OakChart. FVR. Cached 15 minutes. Terms
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