Innovative Industrial Properties Inc
IIPRReal Estate·REIT - Industrial·USA·Small·NYSE·Nov 13 • 7:00 AM ET
52.660.00 (0.00%)
2026-11-13 13:08 CET
Market cap
$1.45B
Revenue, TTM
263.89 USD m
Net income, TTM
126.21 USD m
Free cash flow, TTM
191.81 USD m
EPS diluted, TTM
4.42
11.90
Price
IIPR against its 20, 50 and 200-day averagesPatternshover a marker to name it
19.5% under the 52-week high of 65.38 on 16 Jul 2026. 52-week low 44.58 on 20 Nov 2025. Last 15 sessions, 10.5% high to low
Volume 0.00× normal · the line is the 50-bar volume average
Setup. RS line 2
CANSLIM 2 of 6 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%); 52-Week High/Low: 0-10% below High; Performance: Year +50%
VCP 3 of 6 — fails: 200-Day Simple Moving Average: Price above SMA200; 50-Day Simple Moving Average: SMA50 above SMA200; 52-Week High/Low: 0-10% below High
Minervini 0 of 4 — fails: 200-Day Simple Moving Average: Price above SMA200; 50-Day Simple Moving Average: SMA50 above SMA200; 52-Week High/Low: 0-10% below High; Performance: Year +50%
Zanger 0 of 5 — fails: RSI (14): Not Oversold (>50); Performance: Week +10%; 20-Day High/Low: 0-5% below High; Relative Volume: Over 1.5; 200-Day Simple Moving Average: Price above SMA200
Leaders 0 of 5 — fails: 50-Day Simple Moving Average: Price above SMA50; 200-Day Simple Moving Average: Price above SMA200; Performance: Year +50%; Average Volume: Over 500K; 52-Week High/Low: 0-10% below High
Breakout 0 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2; 50-Day Simple Moving Average: Price above SMA50; 200-Day Simple Moving Average: Price above SMA200
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 2 of 5 — fails: Return on Equity: Over +15%; Debt/Equity: Low (<0.1); Current Ratio: Over 1
Value 2 of 4 — fails: Return on Equity: Over +15%; Debt/Equity: Low (<0.1)
Income 3 of 4 — fails: Payout Ratio: Low (<20%)
Small Cap 1 of 4 — fails: Average Volume: Over 500K; 200-Day Simple Moving Average: Price above SMA200; Performance: Year +50%
Accumulation 2 of 4 — fails: Institutional Transactions: Over +10%; 200-Day Simple Moving Average: Price above SMA200
Relative Strength 0 of 3 — fails: Performance: Year +100%; 200-Day Simple Moving Average: Price above SMA200; Average Volume: Over 500K
Profile
IIPR52-week range, 39% of the way up
44.5865.38
Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the Cannabis Portfolio and Life Science Portfolio segments. The Cannabis Portfolio segment manages the acquisition, development and redevelopment, and leasing of real estate properties to regulated cannabis operators on a long-term triple-net basis. The Life Science Portfolio segment deals with investments in the IQHQ Credit Facility, IQHQ Preferred Stock, and IQHQ Warrant. The company was founded by Alan D. Gold, Gary A. Kreitzer, and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.
| Index | RUT |
|---|---|
| Employees | 23 |
| IPO | Dec 01, 2016 |
| Beta | 1.38 |
| ATR, 14d | 1.46 |
| Rel volume | 0.00 |
| Short float | 14.03% |
| Insider own | 2.15% |
| Inst own | 78.44% |
Snapshot
6 groupsValuation
| Index | RUT |
|---|---|
| Market Cap | $1.45B |
| Enterprise Value | 2.13B |
| Income | 126.21M |
| Sales | 263.89M |
| Book / share | 61.71 |
| Cash / share | 5.27 |
| Dividend Est. | 7.60 (14.43%) |
| Dividend TTM | 7.60 (14.43%) |
| Dividend Ex-Date | Sep 30, 2026 |
| Dividend Gr. 3/5Y | 2.29% 11.20% |
| Payout | 193.51% |
| Employees | 23 |
| IPO | Dec 01, 2016 |
Ratios
| Price / earnings | 11.90 |
|---|---|
| Forward price / earnings | 12.62 |
| Price / earnings / growth | 2.69 |
| Price / sales | 5.50 |
| Price / book | 0.85 |
| Price / cash | 10.00 |
| Price / free cash flow | 7.57 |
| Value / cash profit | 10.67 |
| Value / sales | 8.08 |
| Quick Ratio | 0.81 |
| Current Ratio | 0.81 |
| Debt / equity | 0.38 |
| Long-term debt / equity | 0.33 |
| Options and short | Yes / Yes |
Earnings
| Earnings / share | 4.42 |
|---|---|
| Earnings next year | 4.17 |
| Earnings next quarter | 0.93 |
| Earnings this year | 10.88% |
| Earnings next year | -4.25% |
| Earnings growth, 5 years | 4.70% |
| Past earnings growth | -10.74% 3.76% |
| Past sales growth | -1.27% 17.87% |
| Earnings vs last year | 5.38% |
| Sales vs last year | -4.40% |
| Earnings vs last quarter | 1.26% |
| Sales vs last quarter | 0.36% |
| Earnings | Nov 02 AMC |
| Surprise | 10.00% 6.38% |
Ownership
| Insiders own | 2.15% |
|---|---|
| Insider trades | 7.22% |
| Institutions own | 78.44% |
| Institution trades | 1.44% |
| Return on assets | 5.47% |
| Return on equity | 7.38% |
| Return on capital | 5.59% |
| Gross Margin | 60.14% |
| Operating margin | 47.07% |
| Profit Margin | 47.83% |
| 20-day average | -2.23% |
| 50-day average | -2.48% |
| 200-day average | -4.80% |
Technical
| Shares out | 27.57M |
|---|---|
| Shares floating | 26.98M |
| Short / float | 14.03% |
| Short ratio | 10.46 |
| Short interest | 3.78M |
| 52-week high | 65.38 -19.5% |
| 52-week low | 44.58 +18.1% |
| Volatility | 2.21% 2.63% |
| Average range | 1.46 |
| Strength index | 44.06 |
| Market sensitivity | 1.38 |
| Relative volume | 0.00 |
| Avg Volume | 361.63K |
| Volume | 16 |
Performance
| Perf Week | -3.96% |
|---|---|
| Perf Month | -1.02% |
| Perf Quarter | -5.63% |
| Perf Half Y | -2.45% |
| Perf YTD | 11.19% |
| Perf Year | 5.13% |
| Perf 3Y | -29.18% |
| Perf 5Y | -81.16% |
| Perf 10Y | - |
| Recommendation | 2.25 |
| Target Price | 61.96 |
| Prev Close | 52.66 |
| Price | 52.66 |
| Change % | 0.00% |
Analyst ratings
latest 10 of 20| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Nov 09, 2026 | Upgrade | Alliance Global Partners | Neutral → Buy | $64 | +21.5% |
| Oct 14, 2026 | Initiated | Stifel | Buy | $56.25 | +6.8% |
| Oct 02, 2026 | Initiated | Huntington | Outperform | $60 | +13.9% |
| Mar 03, 2026 | Upgrade | Compass Point | Sell → Neutral | $45 | -14.5% |
| Jul 02, 2025 | Downgrade | Wolfe Research | Outperform → Peer Perform | ||
| Apr 23, 2025 | Resumed | Wolfe Research | Outperform | $57 | +8.2% |
| Mar 31, 2025 | Downgrade | Compass Point | Neutral → Sell | $61 → $50 | -5.1% |
| Dec 23, 2024 | Downgrade | BTIG Research | Buy → Neutral | ||
| Dec 20, 2024 | Downgrade | Piper Sandler | Neutral → Underweight | $118 → $70 | +32.9% |
| Dec 20, 2024 | Downgrade | Compass Point | Buy → Neutral | $125 → $78 | +48.1% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| REFI | Chicago Atlantic Real Estate Finance Inc | 225.47M |
| LXP | LXP Industrial Trust | 3.61B |
| STAG | STAG Industrial Inc | 7.13B |
| ILPT | Industrial Logistics Properties Trust | 405.92M |
| BNL | Broadstone Net Lease Inc | 3.36B |
| AFCG | Advanced Flower Capital Inc | 74.83M |
| EPR | EPR Properties | 4.51B |
| ARE | Alexandria Real Estate Equities Inc | 7.63B |
| PW | Power REIT | 2.45M |
| WPC | W. P. Carey Inc | 14.60B |
Insider trading
10 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Gold Alan D | EXECUTIVE CHAIRMAN | Oct 08 '26 | Buy | 25.00 | 40,000 | 1,000,000 | 40,000 | Oct 13 10:30 AM |
| Shoemaker Scott | Director | Sep 15 '26 | Sale | 56.36 | 611 | 34,436 | 2,000 | Sep 17 05:03 PM |
| Ives Bruce Alan | Director | Aug 31 '26 | Buy | 56.70 | 528 | 29,938 | 3,180 | Sep 01 04:47 PM |
| Shoemaker Scott | Director | Jan 02 '26 | Option Exercise | 0.00 | 911 | 0 | 2,611 | Feb 03 04:56 PM |
| Smithers Paul E. | PRESIDENT, CEO AND DIRECTOR | Jan 02 '26 | Option Exercise | 0.00 | 10,653 | 0 | 108,103 | Jan 06 07:46 PM |
| Smith David Jon | CFO AND TREASURER | Jan 01 '26 | Option Exercise | 0.00 | 4,555 | 0 | 5,155 | Jan 05 07:20 PM |
| Gold Alan D | EXECUTIVE CHAIRMAN | Nov 24 '25 | Buy | 49.09 | 2,600 | 127,634 | 2,600 | Nov 25 07:52 PM |
| Gold Alan D | EXECUTIVE CHAIRMAN | Nov 19 '25 | Buy | 46.26 | 1,000 | 46,260 | 57,500 | Nov 20 04:48 PM |
| Gold Alan D | EXECUTIVE CHAIRMAN | Nov 20 '25 | Buy | 45.70 | 1,000 | 45,695 | 58,500 | Nov 20 04:48 PM |
| Smith David Jon | CFO AND TREASURER | Nov 20 '25 | Buy | 45.90 | 600 | 27,540 | 600 | Nov 20 04:45 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| IJR | iShares Core S&P Small-Cap ETF | AUM: 107.13B |
| VNQ | Vanguard Real Estate Index Fund ETF | AUM: 39.24B |
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 696.31B |
| IWM | iShares Russell 2000 Index Fund | AUM: 77.86B |
| VB | Vanguard Morningstar Small-Cap ETF | AUM: 80.23B |
| VBR | Vanguard Morningstar Small-Cap Value ETF | AUM: 37.88B |
| 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 |
| SDIV | Global X SuperDividend ETF | AUM: 1.07B |
News
latest 14 of 200- Innovative Industrial Properties Beats On AFFO, But One-Time Recoveries And Rising Leverage Complicate Its Pivot To Life Science Lending (Earnings Whispers)
- Innovative Industrial Properties: Q3 Earnings Snapshot (Associated Press)
- Innovative Industrial Properties Reports Third Quarter 2026 Results (Business Wire)
- Innovative Industrial's Rebuilt Balance Sheet Faces A Shrinking Rent Roll In Q3 (Earnings Whispers)
- Innovative Industrial Properties Announces Third Quarter 2026Earnings Release Date and Conference Call (Business Wire)
- Innovative Industrial Properties Prices Public Offering of 9.25% Series B Cumulative Redeemable Preferred Stock (Business Wire)
- Innovative Industrial Properties Announces Launch of Series B Preferred Stock Offering (Business Wire)
- Innovative Industrial Properties Announces Mezzanine Loan Commitment of $245 Million for Alewife Park (Business Wire)
- Innovative Industrial Properties Declares Third Quarter 2026 Dividends (Business Wire)
- Glean:GO Brings Enterprise AI Leaders to San Francisco: NYSE Content Update (PR Newswire)
- Innovative Industrial Properties Inc (IIPR) (Q2 2026) Earnings Call Highlights: Strategic ... (GuruFocus.com)
- Innovative Industrial Properties: Q2 Earnings Snapshot (Associated Press)
- Innovative Industrial Properties Reports Second Quarter 2026 Results (Business Wire)
- Innovative Industrial Properties Announces Second Quarter 2026 Earnings Release Date and Conference Call (Business Wire)
Quarterly earnings
2026Q3 EPS 0.990 beat 0.900, from 0.970 a year earlier. Sales 64.92 beat 61.03, from 64.69 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 | 2026-11-02 16:30 | 0.990 | 0.900 | 0.990 | 64.92 | 61.03 | EPS +10.0% · sales +6.4% | vs 2025Q3, year-ago quarter · EPS +2.1% · sales +0.4% | 4 EPS · 6 sales | Open +0.94% vs SPY +0.08%. Close +1.10% vs SPY +0.30% |
| 2026Q2ended 2026-06-30 | 2026-08-03 16:30 | 1.360 | 1.025 | 1.356 | 63.32 | 67.09 | EPS +32.7% · sales -5.6% | vs 2025Q2, year-ago quarter · EPS +58.1% · sales +0.7% | 2 EPS · 4 sales | Open -1.35% vs SPY +0.39%. Close +3.02% vs SPY +1.80% |
| 2026Q1ended 2026-03-31 | 2026-05-04 16:30 | 1.020 | 1.073 | 1.025 | 69.00 | 65.65 | EPS -5.0% · sales +5.1% | vs 2025Q1, year-ago quarter · EPS -1.0% · sales -3.8% | 3 EPS · 5 sales | Open +3.27% vs SPY +0.52%. Close +14.03% vs SPY +0.80% |
| 2025Q4ended 2025-12-31 | 2026-02-23 16:30 | 1.060 | 1.047 | 1.059 | 66.66 | 65.77 | EPS +1.3% · sales +1.3% | vs 2024Q4, year-ago quarter · EPS -22.1% · sales -13.1% | 3 EPS · 5 sales | Open +3.12% vs SPY -0.07%. Close +10.70% vs SPY +0.73% |
| 2025Q3ended 2025-09-30 | 2025-11-03 16:30 | 0.970 | 0.903 | 0.973 | 64.69 | 63.67 | EPS +7.4% · sales +1.6% | vs 2024Q3, year-ago quarter · EPS -29.2% · sales -15.5% | 3 EPS · 5 sales | Open +0.47% vs SPY -1.06%. Close +0.55% vs SPY -1.19% |
| 2025Q2ended 2025-06-30 | 2025-08-06 16:30 | 0.860 | 0.913 | 0.861 | 62.89 | 64.41 | EPS -5.8% · sales -2.4% | vs 2024Q2, year-ago quarter · EPS -40.3% · sales -21.2% | 3 EPS · 5 sales | Open -3.24% vs SPY +0.55%. Close -10.69% vs SPY -0.08% |
| 2025Q1ended 2025-03-31 | 2025-05-07 16:30 | 1.030 | 1.145 | 1.034 | 71.72 | 71.66 | EPS -10.0% · sales +0.1% | vs 2024Q1, year-ago quarter · EPS -24.3% · sales -4.9% | 4 EPS · 6 sales | Open +6.24% vs SPY +0.73%. Close +4.29% vs SPY +0.70% |
| 2024Q4ended 2024-12-31 | 2025-02-19 16:30 | 1.360 | 1.360 | 1.362 | 76.74 | 76.29 | EPS 0.0% · sales +0.6% | vs 2023Q4, year-ago quarter · EPS -6.2% · sales -3.0% | 4 EPS · 6 sales | Open +2.15% vs SPY -0.23%. Close -0.76% vs SPY -0.42% |
| 2024Q3ended 2024-09-30 | 2024-11-06 16:30 | 1.370 | 1.447 | 1.367 | 76.53 | 77.30 | EPS -5.3% · sales -1.0% | vs 2023Q3, year-ago quarter · EPS -5.5% · sales -1.7% | 3 EPS · 5 sales | Open -7.97% vs SPY +0.35%. Close -10.51% vs SPY +0.77% |
| 2024Q2ended 2024-06-30 | 2024-08-05 16:30 | 1.440 | 1.460 | 1.438 | 79.79 | 77.18 | EPS -1.4% · sales +3.4% | vs 2023Q2, year-ago quarter · EPS 0.0% · sales +4.4% | 3 EPS · 6 sales | Open +0.78% vs SPY +0.36%. Close +1.27% vs SPY +0.92% |
| 2024Q1ended 2024-03-31 | 2024-05-08 16:30 | 1.360 | 1.433 | 1.355 | 75.45 | 78.32 | EPS -5.1% · sales -3.7% | vs 2023Q1, year-ago quarter · EPS -4.9% · sales -0.8% | 4 EPS · 6 sales | Open -2.51% vs SPY +0.04%. Close -2.68% vs SPY +0.58% |
| 2023Q4ended 2023-12-31 | 2024-02-26 16:30 | 1.450 | 1.408 | 1.460 | 79.16 | 76.59 | EPS +3.0% · sales +3.3% | vs 2022Q4, year-ago quarter · EPS -0.7% · sales +12.3% | 4 EPS · 6 sales | Open +2.48% vs SPY +0.14%. Close +6.21% vs SPY +0.19% |
| 2023Q3ended 2023-09-30 | 2023-11-01 16:30 | 1.450 | 1.418 | 1.448 | 77.83 | 76.37 | EPS +2.3% · sales +1.9% | vs 2022Q3, year-ago quarter · EPS +9.8% · sales +9.8% | 4 EPS · 6 sales | - |
| 2023Q2ended 2023-06-30 | 2023-08-02 16:30 | 1.440 | 1.343 | 1.437 | 76.46 | 73.66 | EPS +7.2% · sales +3.8% | vs 2022Q2, year-ago quarter · EPS +1.4% · sales +8.4% | 3 EPS · 6 sales | - |
| 2023Q1ended 2023-03-31 | 2023-05-08 16:30 | 1.430 | 1.308 | 1.434 | 76.07 | 70.56 | EPS +9.4% · sales +7.8% | vs 2022Q1, year-ago quarter · EPS +8.3% · sales +17.9% | 4 EPS · 6 sales | - |
| 2022Q4ended 2022-12-31 | 2023-02-27 16:30 | 1.460 | 1.240 | 1.457 | 70.46 | 68.27 | EPS +17.7% · sales +3.2% | vs 2021Q4, year-ago quarter · EPS +28.1% · sales +19.5% | 4 EPS · 6 sales | - |
Annual earnings
2025FY EPS 3.930 missed 3.953, from 5.520 a year earlier. Sales 265.96 beat 264.97, from 308.52 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 |
|---|---|---|---|---|---|---|
| 2028FYestimate | - | 4.510 | - | - | 267.96 | 11.68 |
| 2027FYestimate | - | 4.173 | - | - | 241.42 | 12.62 |
| 2026FYestimate | - | 4.358 | - | - | 252.7 | 12.09 |
| 2025FY | 3.930 | 3.953 | 3.930 | 265.96 | 264.97 | 12.05 |
| 2024FY | 5.520 | 5.573 | 5.525 | 308.52 | 307.56 | 12.07 |
| 2023FY | 5.770 | 5.748 | 5.768 | 309.51 | 306.43 | 17.47 |
| 2022FY | 5.520 | 5.310 | 5.522 | 276.36 | 273.43 | 18.36 |
| 2021FY | 4.550 | 4.650 | 4.554 | 204.55 | 202.27 | 57.78 |
| 2020FY | 3.270 | 3.404 | 3.266 | 116.9 | 116.38 | 56.00 |
| 2019FY | 2.030 | 1.820 | 2.034 | 44.67 | 40.45 | 37.37 |
| 2018FY | 0.750 | 0.780 | 0.749 | 14.79 | 14.56 | 60.52 |
| 2017FY | -0.130 | -0.180 | -0.130 | 6.42 | 6.31 | - |
| 2016FY | - | - | -4.560 | 0.32 | - | - |
Quarterly results
2026Q3 revenue 64.92, from 64.69 a year earlier. Operating margin 46.1%, from 45.5% a year earlier
From the quarterly statement. Not an estimate.
Estimate revisions
Latest snapshot of each period and type. 2026FY E 4.36 per share.
| Period | Type | Scale | Date | Mean | vs prior date |
|---|---|---|---|---|---|
| 2026FY | E | per share | 2026-11-10 | 4.36 | +1.8% |
| 2026Q4 | E | per share | 2026-11-10 | 0.93 | +3.6% |
| 2026Q4 | S | per share | 2026-11-10 | 58.02 | -2.8% |
| 2026FY | S | - | 2026-11-10 | 252.7 | -1.3% |
| 2026Q3 | S | per share | 2026-10-29 | 61.03 | +0.5% |
| 2026Q3 | E | per share | 2026-10-26 | 0.90 | 0.0% |
| 2026Q2 | S | per share | 2026-07-31 | 67.09 | 0.0% |
| 2026Q2 | E | per share | 2026-07-20 | 1.03 | 0.0% |
| 2026Q1 | S | per share | 2026-04-30 | 65.65 | +0.0% |
| 2026Q1 | E | per share | 2026-03-02 | 1.07 | -2.9% |
| 2025Q4 | S | per share | 2026-02-20 | 65.77 | 0.0% |
| 2025FY | S | - | 2026-02-20 | 264.97 | +0.0% |
| 2025FY | E | per share | 2026-01-24 | 3.95 | 0.0% |
| 2025Q4 | E | per share | 2026-01-24 | 1.05 | 0.0% |
| 2025Q3 | S | per share | 2025-10-31 | 63.67 | +1.7% |
| 2025Q3 | E | per share | 2025-10-25 | 0.90 | 0.0% |
| 2025Q2 | E | per share | 2025-08-06 | 0.91 | 0.0% |
| 2025Q2 | S | per share | 2025-08-04 | 64.41 | 0.0% |
| 2025Q1 | E | per share | 2025-05-06 | 1.15 | -2.0% |
| 2025Q1 | S | per share | 2025-05-06 | 71.66 | -0.6% |
| 2024FY | E | per share | 2025-01-29 | 5.57 | +1.3% |
| 2024Q4 | E | per share | 2025-01-29 | 1.36 | +5.4% |
| 2024Q4 | S | per share | 2025-01-29 | 76.29 | +1.4% |
| 2024FY | S | - | 2025-01-29 | 307.56 | +0.3% |
| 2024Q3 | S | per share | 2024-10-31 | 77.30 | -0.2% |
| 2024Q3 | E | per share | 2024-09-30 | 1.45 | 0.0% |
| 2024Q2 | S | per share | 2024-08-01 | 77.18 | -0.5% |
| 2024Q2 | E | per share | 2024-07-31 | 1.46 | 0.0% |
| 2024Q1 | S | per share | 2024-05-07 | 78.32 | 0.0% |
| 2024Q1 | E | per share | 2024-03-20 | 1.43 | -0.5% |
| 2023FY | S | - | 2024-02-22 | 306.43 | -0.1% |
| 2023FY | E | per share | 2024-02-20 | 5.75 | -0.2% |
Estimate history
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | MRQ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS per share | -0.13 | 0.749 | 2.034 | 3.266 | 4.554 | 5.522 | 5.768 | 5.525 | 3.927 | 4.4249 | - |
| Sales USD millions | 6 | 15 | 45 | 117 | 205 | 276 | 310 | 309 | 266 | 264 | - |
| Shares million shares | 4 | 10 | 13 | 24 | 26 | 28 | 28 | 28 | 28 | - | 28 |
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|
| EPS per share | 1.367 | 1.362 | 1.034 | 0.861 | 0.973 | 1.059 | 1.025 | 1.356 | 0.986 |
| Sales USD millions | 77 | 77 | 72 | 63 | 65 | 67 | 69 | 63 | 65 |
| Shares million shares | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
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 | 263.89 | 265.95-13.8% | 308.52-0.3% | 309.51+12.0% | 276.36+35.1% | 204.55+75.0% | 116.90+161.7% | 44.67+202.0% | 14.79 |
| Total Expenses | 139.68 | 137.98+0.9% | 136.72+1.3% | 134.92+22.3% | 110.34+59.5% | 69.18+46.7% | 47.16+139.0% | 19.73+108.8% | 9.45 |
| Operating Income | 124.21 | 127.97-25.5% | 171.79-1.6% | 174.59+5.2% | 166.02+22.6% | 135.37+94.1% | 69.74+179.7% | 24.93+366.9% | 5.34 |
| Unusual Expense | 0.57 | 3.53 | 0.00 | -0.02-116.7% | 0.12-96.7% | 3.69 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | 140.40 | 118.25-26.9% | 161.66-2.4% | 165.59+7.3% | 154.39+35.4% | 113.99+73.4% | 65.73+179.9% | 23.48+235.9% | 6.99 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | 136.38 | 115.26-27.7% | 159.41-2.9% | 164.11+6.9% | 153.55+35.4% | 113.43+73.9% | 65.22+182.6% | 23.08+238.9% | 6.81 |
| Net Income From Continuing Operations | 136.38 | 115.26-27.7% | 159.41-2.9% | 164.11+6.9% | 153.55+35.4% | 113.43+73.9% | 65.22+182.6% | 23.08+238.9% | 6.81 |
| Net Income | 126.21 | 111.45-29.3% | 157.60-3.2% | 162.75+6.9% | 152.20+35.8% | 112.08+75.5% | 63.87+193.9% | 21.73+298.0% | 5.46 |
| EPS (Recurring) per share | 4.53 | 4.01-27.4% | 5.52-4.3% | 5.77+4.5% | 5.52+18.7% | 4.65+42.2% | 3.27+61.1% | 2.03+170.7% | 0.75 |
| EPS (Basic, Before Extraordinaries) per share | 4.51 | 3.98-28.7% | 5.58-4.1% | 5.82+4.5% | 5.57+18.8% | 4.69+43.0% | 3.28+59.2% | 2.06+171.1% | 0.76 |
| EPS (Diluted) per share | 4.42 | 3.93-28.9% | 5.53-4.2% | 5.77+4.5% | 5.52+21.3% | 4.55+39.1% | 3.27+61.1% | 2.03+170.7% | 0.75 |
| Non-Operating Income (Expense) | 50.08 | 13.99+85.5% | 7.54-10.8% | 8.45+24.3% | 6.80+1600.0% | 0.40-88.3% | 3.42-29.5% | 4.85+193.9% | 1.65 |
| Other After Tax Adjustments | -4.02 | -2.99 | -2.25 | -1.48 | -0.83 | -0.56 | -0.51 | -0.40 | -0.18 |
| Stock Option Compensation Expense | 11.42 | 10.13-41.5% | 17.32-11.5% | 19.58+11.8% | 17.51+103.1% | 8.62+158.9% | 3.33+33.2% | 2.50+70.1% | 1.47 |
| Price To Earnings Ratio ratio statement ratio, not the snapshot | 11.90 | 11.90 | 11.86 | 17.46 | 19.48 | 57.62 | 58.29 | 37.65 | 61.76 |
| Price To Sales Ratio ratio | 5.58 | 5.05 | 6.16 | 9.20 | 10.15 | 33.75 | 30.64 | 18.15 | 22.36 |
| Gross Margin % | 60.14 | 60.80 | 67.82 | 70.25 | 74.01 | 77.40 | 71.79 | 77.80 | 79.21 |
| Operating Margin % | 47.07 | 48.12 | 55.68 | 56.41 | 60.07 | 66.18 | 59.66 | 55.82 | 36.10 |
| Net Margin % | 47.83 | 41.90 | 51.08 | 52.59 | 55.07 | 54.79 | 54.64 | 48.64 | 36.89 |
| Shares Outstanding million shares | 27.57 | 28.02-1.1% | 28.33+0.7% | 28.14+0.6% | 27.97+9.2% | 25.61+7.0% | 23.94+89.4% | 12.64+29.2% | 9.78 |
| Market Capitalization | 1,451.88 | 1,451.88-23.1% | 1,888.03-33.2% | 2,826.97-0.3% | 2,835.05-54.9% | 6,290.99+54.9% | 4,060.80+351.5% | 899.35+102.7% | 443.72 |
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 | 64.92+0.4% | 63.31+0.7% | 69.00-3.8% | 66.66-13.1% | 64.69-15.5% | 62.89-21.2% | 71.72-4.9% | 76.74-3.1% |
| Total Expenses | 34.97-0.9% | 33.71-0.8% | 36.51+6.7% | 34.48-0.7% | 35.27+2.0% | 33.990.0% | 34.23+2.4% | 34.74-1.3% |
| Operating Income | 29.95+1.8% | 29.60+2.4% | 32.49-13.3% | 32.17-23.4% | 29.41-29.9% | 28.90-36.9% | 37.49-10.8% | 42.01-4.4% |
| Unusual Expense | 0.57 | 0.00 | 0.00-100.0% | 0.00 | 0.00 | 0.00 | 3.53 | 0.00 |
| Net Income Before Taxes | 31.89+8.8% | 43.85+68.5% | 32.81+5.6% | 31.84-20.4% | 29.30-27.2% | 26.02-38.0% | 31.08-21.2% | 40.02-3.9% |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | 30.75+7.7% | 42.70+69.0% | 31.83+4.9% | 31.10-21.2% | 28.56-28.0% | 25.27-39.0% | 30.33-22.0% | 39.45-4.4% |
| Net Income From Continuing Operations | 30.75+7.7% | 42.70+69.0% | 31.83+4.9% | 31.10-21.2% | 28.56-28.0% | 25.27-39.0% | 30.33-22.0% | 39.45-4.4% |
| Net Income | 27.56+0.0% | 39.52+62.0% | 29.17-1.3% | 29.96-23.0% | 27.55-29.5% | 24.39-40.6% | 29.55-23.3% | 38.89-5.0% |
| EPS (Recurring) per share | 1.00+3.1% | 1.32+53.5% | 1.02-8.9% | 1.06-22.1% | 0.97-29.2% | 0.86-40.3% | 1.12-17.6% | 1.36-6.2% |
| EPS (Basic, Before Extraordinaries) per share | 1.01+2.0% | 1.39+59.8% | 1.040.0% | 1.07-22.5% | 0.99-28.3% | 0.87-40.0% | 1.04-24.1% | 1.38-6.8% |
| EPS (Diluted) per share | 0.99+2.1% | 1.36+58.1% | 1.02-1.0% | 1.06-22.1% | 0.97-29.2% | 0.86-40.3% | 1.03-24.3% | 1.36-6.8% |
| Non-Operating Income (Expense) | 14.33+224.2% | 22.60+1339.5% | 6.75+319.3% | 6.39+150.6% | 4.42+64.3% | 1.57+201.9% | 1.61-9.6% | 2.55+40.1% |
| Other After Tax Adjustments | -1.15 | -1.15 | -0.98 | -0.74 | -0.74 | -0.76 | -0.75 | -0.57 |
| Stock Option Compensation Expense | 3.31+23.5% | 2.83+6.0% | 2.58+24.0% | 2.70-37.5% | 2.68-38.0% | 2.67-38.9% | 2.08-51.9% | 4.32-12.4% |
| Price To Earnings Ratio ratio statement ratio, not the snapshot | 11.90 | 15.82 | 12.77 | 11.20 | 11.59 | 10.62 | 9.79 | 11.86 |
| Price To Sales Ratio ratio | 5.58 | 7.05 | 5.42 | 5.04 | 5.49 | 5.43 | 5.07 | 6.17 |
| Gross Margin % | 59.16 | 58.94 | 62.08 | 60.22 | 58.89 | 59.67 | 64.07 | 66.32 |
| Operating Margin % | 46.14 | 46.75 | 47.09 | 48.26 | 45.47 | 45.95 | 52.27 | 54.74 |
| Net Margin % | 42.45 | 62.41 | 42.28 | 44.95 | 42.59 | 38.78 | 41.20 | 50.68 |
| Shares Outstanding million shares | 27.57-1.6% | 27.57-1.6% | 28.31-0.2% | 28.02-1.1% | 28.02-1.1% | 28.02-1.1% | 28.38+0.2% | 28.33+0.7% |
| Market Capitalization | 1,451.88-3.3% | 1,797.13+16.2% | 1,411.30-7.9% | 1,327.17-29.7% | 1,501.46-60.6% | 1,546.78-50.0% | 1,532.47-47.5% | 1,888.03-33.2% |
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 | 47.60-68.5% | 151.25-7.6% | 163.65-43.5% | 289.51-29.6% | 411.31-44.8% | 745.28+214.6% | 236.91+77.5% | 133.49+1035.1% | 11.76 |
| Short Term Receivables | 16.80-43.7% | 29.83+98.5% | 15.03-11.1% | 16.90 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2,288.91+4.4% | 2,191.58+0.2% | 2,187.82+5.0% | 2,084.30+26.1% | 1,653.08+62.1% | 1,020.04+101.6% | 505.86+243.3% | 147.36+117.4% | 67.79 |
| Investment in Unconsolidated Affiliates | 0.00 | 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 | 0.00 |
| Other Intangible Assets | 17.04+282.9% | 4.45-80.9% | 23.24+3.8% | 22.39+17.0% | 19.14+975.3% | 1.78-5.3% | 1.88+208.2% | 0.61+27.1% | 0.48 |
| Total Assets | 2,370.86-0.3% | 2,378.05-0.5% | 2,391.09-1.0% | 2,414.84+15.8% | 2,084.60+17.9% | 1,768.08+137.1% | 745.86+165.0% | 281.47+251.7% | 80.03 |
| Total Debt | 393.67+31.7% | 298.91-1.1% | 302.36-0.3% | 303.37-7.3% | 327.23+137.6% | 137.75+1.4% | 135.86 | 0.00 | 0.00 |
| Long Term Debt | 74.41-75.1% | 298.91+0.3% | 297.93-1.8% | 303.37-7.3% | 327.23+137.6% | 137.75+1.4% | 135.86 | 0.00 | 0.00 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 129.18-9.7% | 143.07+5.4% | 135.76-9.2% | 149.57+2.7% | 145.67+38.3% | 105.36+70.0% | 61.99+261.0% | 17.17+165.0% | 6.48 |
| Total Liabilities | 522.85+18.3% | 441.99+0.9% | 438.12-3.3% | 452.94-4.2% | 472.90+94.5% | 243.11+22.9% | 197.85+1052.3% | 17.17+165.0% | 6.48 |
| Preferred Stock - Carrying Value | 47.78+102.2% | 23.63+68.7% | 14.010.0% | 14.010.0% | 14.010.0% | 14.010.0% | 14.010.0% | 14.010.0% | 14.01 |
| Common Equity | 1,800.22-5.9% | 1,912.43-1.4% | 1,938.96-0.5% | 1,947.88+21.9% | 1,597.69+5.7% | 1,510.96+183.0% | 534.00+113.4% | 250.28+320.4% | 59.54 |
| Total Shareholders Equity | 1,848.00-4.5% | 1,936.06-0.9% | 1,952.97-0.5% | 1,961.89+21.7% | 1,611.70+5.7% | 1,524.97+178.3% | 548.01+107.4% | 264.29+259.3% | 73.55 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 1,848.00-4.5% | 1,936.06-0.9% | 1,952.97-0.5% | 1,961.89+21.7% | 1,611.70+5.7% | 1,524.97+178.3% | 548.01+107.4% | 264.29+259.3% | 73.55 |
| Total Liabilities & Stockholders Equity | 2,370.86-0.3% | 2,378.05-0.5% | 2,391.09-1.0% | 2,414.84+15.8% | 2,084.60+17.9% | 1,768.08+137.1% | 745.86+165.0% | 281.47+251.7% | 80.03 |
| Book Value Per Share per share | 64.24-4.8% | 67.50-2.0% | 68.90-1.0% | 69.63+11.6% | 62.38-1.2% | 63.12+49.4% | 42.26+65.1% | 25.60+50.5% | 17.01 |
| Tangible Book Value Per Share per share | 63.99-4.8% | 67.21-2.0% | 68.58-1.0% | 69.28+11.7% | 62.02-1.7% | 63.12+49.4% | 42.26+65.1% | 25.60+50.5% | 17.01 |
| Full-Time Employees people | 23+4.5% | 22+4.8% | 21+10.5% | 19+5.6% | 18+20.0% | 15+15.4% | 13+116.7% | 60.0% | 6 |
| Price to Book Ratio ratio | 0.85 | 0.98 | 1.46 | 1.45 | 4.21 | 2.90 | 1.80 | 1.77 | 1.89 |
| Return on Assets % | 4.85 | 6.68 | 6.83 | 6.83 | 5.89 | 5.19 | 4.49 | 3.77 | -0.18 |
| Return on Equity % | 6.09 | 8.20 | 8.38 | 8.59 | 7.23 | 6.29 | 5.68 | 4.03 | -0.20 |
| Return on Invested Capital % | 6.00 | 7.13 | 7.29 | 6.78 | 5.85 | 3.92 | 3.37 | 2.58 | -0.18 |
| Quick Ratio ratio | 0.15 | 1.36 | 1.31 | 2.05 | 2.82 | 7.07 | 3.82 | 7.77 | 1.81 |
| Current Ratio ratio | 0.15 | 1.36 | 1.31 | 2.05 | 2.82 | 7.07 | 3.82 | 7.77 | 1.81 |
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 | 210.18 | 207.20-18.6% | 254.50+1.5% | 250.62+9.4% | 229.01+34.2% | 170.68+76.9% | 96.50+196.8% | 32.51+221.2% | 10.12 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -9.87 | -9.01-328.1% | 3.95-19.7% | 4.92-3.9% | 5.12-71.7% | 18.07+26.2% | 14.32+15.2% | 12.43+123.2% | 5.57 |
| Cash from Operating Activities | 200.31 | 198.19-23.3% | 258.45+1.1% | 255.54+9.1% | 234.13+24.0% | 188.75+70.3% | 110.81+146.6% | 44.93+186.4% | 15.69 |
| Capital Expenditures | -8.49 | -23.43 | -63.08 | -150.09 | -373.88 | -374.54 | -289.52 | -84.68 | -22.29 |
| Net Assets From Acquisitions | 105.23 | 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 | -357.83 | -150.87-2227.9% | 7.09-95.1% | 143.30 | -22.32 | -9.55 | -737.60 | -255.95 | -176.96 |
| Purchase of Investments | -408.77 | -163.37 | -64.58 | -150.76 | -560.82 | -874.05 | -1,318.58 | -516.20 | -242.46 |
| Sale Or Maturity of Investments | 50.94 | 12.50-82.6% | 71.66-75.6% | 294.06-45.4% | 538.50-37.7% | 864.50+48.8% | 580.98+123.2% | 260.25+297.3% | 65.50 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -261.09 | -174.30 | -56.00 | -6.79 | -396.20 | -384.09 | -1,027.12 | -340.63 | -199.25 |
| Cash Dividends Paid | -223.12 | -219.51 | -213.53 | -204.06 | -185.29 | -132.31 | -76.82 | -23.94 | -7.98 |
| Change in Capital Stock | 41.31 | 4.04-81.1% | 21.38+123.6% | 9.56-97.3% | 351.96 | 0.00-100.0% | 1,003.97+250.7% | 286.29+48.2% | 193.22 |
| Repurchase of Common Pref Stock | -88.97 | -20.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 130.28 | 24.15+13.0% | 21.38+123.6% | 9.56-97.3% | 351.96 | 0.00-100.0% | 1,003.97+250.7% | 286.29+48.2% | 193.22 |
| Proceedsfrom Stock Options | 130.28 | 24.15+13.0% | 21.38+123.6% | 9.56-97.3% | 351.96 | 0.00-100.0% | 1,003.97+250.7% | 286.29+48.2% | 193.22 |
| Issuance or Reduction of Debt, Net | 352.53 | 93.80 | -5.00 | -0.56 | 0.00-100.0% | 291.45 | 0.00-100.0% | 138.54 | 0.00 |
| Change in Long Term Debt | 352.53 | 93.80 | -5.00 | -0.56 | 0.00-100.0% | 291.45 | 0.00-100.0% | 138.54 | 0.00 |
| Issuance of Long Term Debt | 858.34 | 155.00 | 0.00 | 0.00 | 0.00-100.0% | 300.00 | 0.00-100.0% | 138.54 | 0.00 |
| Reduction of Long Term Debt | -505.81 | -61.20 | -5.00 | -0.56 | 0.00 | -8.55 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | -1.35 | -0.86 | -0.75 | -0.57 | -2.44 | -3.38 | -2.17 | -0.94 | -0.39 |
| Other Financing Activities Uses | -1.35 | -0.86 | -0.75 | -0.57 | -2.44 | -3.38 | -2.17 | -0.94 | -0.39 |
| Cash from Financing Activities | 169.37 | -122.54 | -197.90 | -195.63-219.1% | 164.22+5.4% | 155.76-83.2% | 924.99+131.3% | 399.96+116.4% | 184.85 |
| Net Change in Cash | 108.59 | -98.65-2268.1% | 4.55-91.4% | 53.13+2371.2% | 2.15 | -39.59-555.6% | 8.69-91.7% | 104.27+7982.9% | 1.29 |
| Free Cash Flow | 191.81 | 174.76-10.5% | 195.36+85.3% | 105.45 | -139.75 | -185.79 | -178.70 | -39.74 | -6.60 |
| Preferred Dividends (Cash Flow) | - | -3.24 | -1.58 | -1.35 | -1.35 | -1.35 | -1.35 | -1.35 | -1.34 |
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 | 145.26+246.4% | 207.64+97.9% | 89.12-33.1% | 47.60-68.5% | 41.93-75.7% | 104.92-34.8% | 133.27-23.2% | 151.25-7.6% |
| Short Term Receivables | 16.800.0% | 16.800.0% | 16.800.0% | 16.80-43.7% | 16.800.0% | 16.80-16.0% | 16.80-16.0% | 29.83+98.5% |
| Investments | 2,470.00+9.3% | 2,344.18+8.0% | 2,270.54+3.9% | 2,288.91+4.4% | 2,259.50+3.4% | 2,169.57-0.9% | 2,185.47-0.1% | 2,191.58+0.2% |
| 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 | 18.66-2.1% | 13.02-0.1% | 17.52+8.1% | 17.04+282.9% | 19.06-6.8% | 13.03-3.7% | 16.21-0.9% | 4.45-80.9% |
| Total Assets | 2,650.72+13.4% | 2,581.64+12.0% | 2,393.98+1.8% | 2,370.86-0.3% | 2,337.91-2.4% | 2,305.05-3.3% | 2,352.59-2.0% | 2,378.05-0.5% |
| Total Debt | 695.96+104.1% | 609.03+109.5% | 365.98+26.0% | 393.67+31.7% | 340.92+14.1% | 290.67-2.6% | 290.43-2.6% | 298.91-1.1% |
| Long Term Debt | 608.16+78.4% | 608.41+109.3% | -0.23-100.1% | 74.41-75.1% | 340.92+14.1% | 290.67-2.6% | 290.43-2.6% | 298.91+0.3% |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 124.27-7.0% | 121.01-9.7% | 133.46-4.7% | 129.18-9.7% | 133.65-11.0% | 133.97-3.3% | 139.99-4.1% | 143.07+5.4% |
| Total Liabilities | 820.23+72.8% | 730.04+71.9% | 499.44+16.0% | 522.85+18.3% | 474.57+5.7% | 424.65-2.8% | 430.42-3.1% | 441.99+0.9% |
| Preferred Stock - Carrying Value | 129.00+201.8% | 129.00+250.2% | 108.08+229.3% | 47.78+102.2% | 42.74+80.9% | 36.84+163.0% | 32.82+134.3% | 23.63+68.7% |
| Common Equity | 1,701.49-6.5% | 1,722.60-6.6% | 1,786.46-5.4% | 1,800.22-5.9% | 1,820.60-5.3% | 1,843.56-4.6% | 1,889.35-2.7% | 1,912.43-1.4% |
| Total Shareholders Equity | 1,830.48-1.8% | 1,851.60-1.5% | 1,894.54-1.4% | 1,848.00-4.5% | 1,863.34-4.3% | 1,880.41-3.4% | 1,922.16-1.7% | 1,936.06-0.9% |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 1,830.48-1.8% | 1,851.60-1.5% | 1,894.54-1.4% | 1,848.00-4.5% | 1,863.34-4.3% | 1,880.41-3.4% | 1,922.16-1.7% | 1,936.06-0.9% |
| Total Liabilities & Stockholders Equity | 2,650.72+13.4% | 2,581.64+12.0% | 2,393.98+1.8% | 2,370.86-0.3% | 2,337.91-2.4% | 2,305.05-3.3% | 2,352.59-2.0% | 2,378.05-0.5% |
| Book Value Per Share per share | 61.71-5.0% | 62.48-5.0% | 63.09-5.2% | 64.24-4.8% | 64.97-4.3% | 65.80-3.6% | 66.58-2.8% | 67.50-2.0% |
| Tangible Book Value Per Share per share | 61.58-4.8% | 62.25-5.0% | 62.85-5.2% | 63.99-4.8% | 64.71-4.2% | 65.53-3.5% | 66.30-2.8% | 67.21-2.0% |
| Full-Time Employees people | - | - | - | 23+4.5% | - | - | - | 22+4.8% |
| Price to Book Ratio ratio | 0.85 | 0.98 | 0.78 | 0.73 | 0.81 | 0.83 | 0.80 | 0.98 |
| Return on Assets % | 5.47 | 5.49 | 4.92 | 4.85 | 5.22 | 5.74 | 6.35 | 6.68 |
| Return on Equity % | 7.38 | 7.19 | 6.12 | 6.09 | 6.49 | 7.04 | 7.78 | 8.20 |
| Return on Invested Capital % | 1.26 | 1.74 | 1.68 | 1.62 | 1.30 | 1.16 | 1.37 | 1.77 |
| Quick Ratio ratio | 0.81 | 2.03 | 0.22 | 0.15 | 0.47 | 1.00 | 1.15 | 1.36 |
| Current Ratio ratio | 0.81 | 2.03 | 0.22 | 0.15 | 0.47 | 1.00 | 1.15 | 1.36 |
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 | 52.75+3.2% | 51.75+8.5% | 52.83-4.9% | 52.85-16.5% | 51.12-18.4% | 47.69-29.3% | 55.53-9.0% | 63.32-0.7% |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -3.30 | -6.83-998.7% | 3.20 | -2.95 | -5.53-350.2% | 0.76 | -1.29-112.4% | -5.25-324.4% |
| Cash from Operating Activities | 49.45+8.5% | 44.92-7.3% | 56.03+3.3% | 49.91-14.1% | 45.59-29.7% | 48.45-24.4% | 54.24-24.1% | 58.07-12.1% |
| Capital Expenditures | -2.45 | -0.64 | -2.95 | -2.46 | -4.43 | -7.51 | -9.04 | -17.44 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 105.23 | -105.23 | 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 | -138.52 | -77.42-4524.0% | 2.61 | -144.50-1141.1% | 0.00-100.0% | 1.75 | -8.12-484.8% | 13.88-29.9% |
| Purchase of Investments | -138.52 | -120.00 | 0.00 | -150.25 | 0.00 | 0.00 | -13.12 | -6.44 |
| Sale Or Maturity of Investments | 0.00 | 42.58+2333.1% | 2.61-47.8% | 5.75-71.7% | 0.00-100.0% | 1.75-87.6% | 5.00-77.4% | 20.32-49.6% |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -140.97 | -78.06 | -0.34 | -41.73 | -109.66-1813.4% | -5.76 | -17.16 | -3.56 |
| Cash Dividends Paid | -56.31 | -57.10 | -54.91 | -54.79 | -54.66 | -55.24 | -54.82 | -54.82 |
| Preferred Dividends (Cash Flow) | -3.19 | -2.65 | -1.14 | -1.02 | -0.88 | -0.78 | -0.56 | -0.56 |
| Change in Capital Stock | 0.00-100.0% | -33.30 | 69.58+681.8% | 5.04 | 5.90-38.7% | -15.79 | 8.90-24.3% | 0.00-100.0% |
| Repurchase of Common Pref Stock | 0.00 | -88.97 | 0.00 | 0.00 | 0.00 | -19.82 | -0.29 | 0.00 |
| Sale of Common Pref Stock | 0.00-100.0% | 55.66+1281.1% | 69.58+657.1% | 5.04 | 5.90-38.7% | 4.03 | 9.19-21.9% | 0.00-100.0% |
| Proceedsfrom Stock Options | 0.00-100.0% | 55.66+1281.1% | 69.58+657.1% | 5.04 | 5.90-38.7% | 4.03 | 9.19-21.9% | 0.00-100.0% |
| Issuance or Reduction of Debt, Net | 85.46+70.9% | 242.07 | -27.50 | 52.50 | 50.00 | 0.00 | -8.70 | -0.57 |
| Change in Long Term Debt | 85.46+70.9% | 242.07 | -27.50 | 52.50 | 50.00 | 0.00 | -8.70 | -0.57 |
| Issuance of Long Term Debt | 92.50+85.0% | 655.84 | 5.00 | 105.00 | 50.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | -7.04 | -413.77 | -32.50 | -52.50 | 0.00 | 0.00 | -8.70 | -0.57 |
| Net Financing Active Other Cash Flow | -0.01 | 0.00 | -1.34 | 0.00 | -0.16 | 0.00 | -0.70 | 0.00 |
| Other Financing Activities Uses | -0.01 | 0.00 | -1.34 | 0.00 | -0.16 | 0.00 | -0.70 | 0.00 |
| Cash from Financing Activities | 29.14+2598.1% | 151.66 | -14.17 | 2.74 | 1.08 | -71.04 | -55.32 | -55.38 |
| Net Change in Cash | -62.38 | 118.52 | 41.52 | 10.93 | -62.99-339.6% | -28.34 | -18.23-254.5% | -0.88-103.8% |
| Free Cash Flow | 47.01+14.2% | 44.27+8.1% | 53.08+17.4% | 47.45+16.8% | 41.16-26.8% | 40.94-6.1% | 45.20-17.7% | 40.62-10.7% |
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 |
|---|---|---|---|---|
| Real Estate | 308.52 | 265.96 | -13.8% | 100.0% |
| Total | 308.52 | 265.96 | -13.8% | 100.0% |
| Name | 2024 | 2025 | vs 2024 | 2025 share |
|---|---|---|---|---|
| United States | 308.52 | 265.96 | -13.8% | 100.0% |
| Total | 308.52 | 265.96 | -13.8% | 100.0% |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 14.03% | 3.8M | 27.0M | 359.52K |
| 2026-10-15 | 13.20% | 3.6M | 27.0M | 367.64K |
| 2026-09-30 | 15.76% | 4.3M | 27.0M | 346.43K |
| 2026-09-15 | 13.94% | 3.8M | 27.0M | 330.87K |
| 2026-08-31 | 13.69% | 3.7M | 27.0M | 379.33K |
| 2026-08-14 | 13.00% | 3.5M | 27.0M | 365.81K |
| 2026-07-31 | 13.71% | 3.7M | 27.0M | 374.44K |
| 2026-07-15 | 13.70% | 3.9M | 28.4M | 389.95K |
| 2026-06-30 | 14.17% | 4.0M | 28.4M | 386.43K |
| 2026-06-15 | 13.27% | 3.7M | 28.2M | 361.29K |
| 2026-05-29 | 10.81% | 3.1M | 28.2M | 317.40K |
| 2026-05-15 | 10.60% | 3.0M | 28.2M | 344.77K |
| 2026-04-30 | 11.31% | 3.2M | 28.2M | 325.57K |
| 2026-04-15 | 11.81% | 3.3M | 27.6M | 300.63K |
| 2026-03-31 | 12.26% | 3.4M | 27.6M | 314.87K |
| 2026-03-13 | 11.84% | 3.3M | 27.6M | 379.33K |
| 2026-02-27 | 11.74% | 3.2M | 27.6M | 383.82K |
| 2026-02-13 | 11.47% | 3.2M | 27.6M | 374.66K |
| 2026-01-30 | 11.00% | 3.0M | 27.5M | 381.60K |
| 2026-01-15 | 10.83% | 3.0M | 27.5M | 379.48K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 30.00 | 21.90 | 24.50 | 0.00 | 3.950 | 0.00 | 0.00 | 0.974 | -0.038 | 0.004 |
| call | 35.00 | 16.90 | 19.50 | 0.00 | 3.134 | 0.00 | 0.00 | 0.967 | -0.035 | 0.005 |
| call | 40.00 | 11.70 | 14.50 | 0.00 | 2.395 | 0.00 | 0.00 | 0.956 | -0.032 | 0.007 |
| call | 45.00 | 7.00 | 8.80 | 8.95 | 1.387 | 2.00 | 0.00 | 0.936 | -0.027 | 0.009 |
| call | 50.00 | 2.45 | 4.00 | 4.00 | 0.846 | 256 | 3.00 | 0.766 | -0.061 | 0.023 |
| call | 55.00 | 0.30 | 0.50 | 0.41 | 0.445 | 700 | 82.00 | 0.248 | -0.065 | 0.024 |
| call | 60.00 | 0.00 | 0.05 | 0.05 | 0.482 | 2,302 | 12.00 | 0.035 | -0.018 | 0.006 |
| call | 65.00 | 0.00 | 0.05 | 0.05 | 0.572 | 44.00 | 0.00 | 0.028 | -0.017 | 0.005 |
| call | 70.00 | 0.00 | 0.20 | 0.20 | 0.923 | 9.00 | 0.00 | 0.020 | -0.022 | 0.004 |
| call | 75.00 | 0.00 | 1.75 | 0.00 | 1.107 | 0.00 | 0.00 | 0.017 | -0.023 | 0.003 |
| call | 80.00 | 0.00 | 3.40 | 0.00 | 1.273 | 0.00 | 0.00 | 0.015 | -0.024 | 0.003 |
| put | 30.00 | 0.00 | 1.95 | 0.00 | 2.066 | 0.00 | 0.00 | -0.023 | -0.055 | 0.004 |
| put | 35.00 | 0.00 | 2.55 | 0.05 | 1.564 | 6.00 | 0.00 | -0.030 | -0.052 | 0.005 |
| put | 40.00 | 0.00 | 0.55 | 0.05 | 1.109 | 14.00 | 0.00 | -0.040 | -0.047 | 0.007 |
| put | 45.00 | 0.00 | 0.15 | 0.10 | 0.709 | 440 | 0.00 | -0.061 | -0.043 | 0.009 |
| put | 50.00 | 0.05 | 0.25 | 0.35 | 0.357 | 340 | 2.00 | -0.234 | -0.077 | 0.024 |
| put | 55.00 | 2.10 | 2.90 | 2.60 | 0.423 | 182 | 30.00 | -0.749 | -0.079 | 0.024 |
| put | 60.00 | 5.50 | 8.20 | 5.50 | 0.958 | 29.00 | 0.00 | -0.963 | -0.032 | 0.006 |
| put | 65.00 | 10.80 | 13.30 | 0.00 | 1.350 | 0.00 | 0.00 | -0.972 | -0.034 | 0.004 |
| put | 70.00 | 15.50 | 18.10 | 0.00 | 1.523 | 0.00 | 0.00 | -0.977 | -0.035 | 0.004 |
| put | 75.00 | 20.50 | 23.10 | 0.00 | 1.773 | 0.00 | 0.00 | -0.980 | -0.035 | 0.003 |
| put | 80.00 | 25.50 | 28.30 | 0.00 | 2.140 | 0.00 | 0.00 | -0.982 | -0.036 | 0.003 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-09 | 8-K | Current report | 2026-11-09 | SEC |
| 2026-11-09 | 424B5 | SEC | ||
| 2026-11-06 | 8-K | Current report | 2026-11-02 | SEC |
| 2026-11-03 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-02 | 8-K | Current report | 2026-11-02 | SEC |
| 2026-10-27 | SCHEDULE 13G/A | SEC | ||
| 2026-10-27 | 8-K | Current report | 2026-10-21 | SEC |
| 2026-10-19 | CERT | SEC | ||
| 2026-10-14 | 8-A12B | SEC | ||
| 2026-10-14 | 8-K | Current report | 2026-10-08 | SEC |
| 2026-10-13 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-08 | SEC |
| 2026-10-09 | 424B5 | SEC | ||
| 2026-10-09 | FWP | Filing under Securities Act Rule 163/433 of free writing prospectuses. | SEC | |
| 2026-10-07 | 424B5 | SEC | ||
| 2026-10-01 | 8-K | Current report | 2026-09-28 | SEC |
| 2026-09-25 | 8-K | Current report | 2026-09-25 | SEC |
| 2026-09-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-15 | SEC |
| 2026-09-04 | SCHEDULE 13G/A | SEC | ||
| 2026-09-01 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-31 | SEC |
| 2026-09-01 | 8-K | Current report | 2026-08-31 | SEC |
| 2026-09-01 | 424B5 | SEC | ||
| 2026-08-04 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-03 | 8-K | Current report | 2026-08-03 | SEC |
| 2026-07-21 | 8-K | Current report | 2026-07-20 | SEC |
| 2026-06-23 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-19 | SEC |
| 2026-06-23 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-19 | SEC |
| 2026-06-23 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-19 | SEC |
| 2026-06-15 | 8-K | Current report | 2026-06-15 | SEC |
| 2026-06-11 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-09 | SEC |
| 2026-06-11 | 3 | Initial statement of beneficial ownership of securities | 2026-06-09 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 1.00M | 1 | 0 | 0 |
| 2026-09 | 0 | 0 | 34.44K | 1 |
| 2026-08 | 29.94K | 1 | 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 | 247.13K | 4 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| BlackRock, Inc. | 17.24% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 9.72% |
| STATE STREET CORP | 5.84% |
| VANGUARD CAPITAL MANAGEMENT LLC | 4.46% |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 2.24% |
| Invesco Ltd. | 2.01% |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.95% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1.81% |
| Advisors Asset Management, Inc. | 1.53% |
| NORTHERN TRUST CORP | 1.37% |
Funds
| Fund | % owned |
|---|---|
| iShares Core S&P Small-Cap ETF | 5.98% |
| VANGUARD REAL ESTATE INDEX FUND | 3.69% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 3.13% |
| iShares Russell 2000 ETF | 2.55% |
| VANGUARD SMALL-CAP INDEX FUND | 2.27% |
| VANGUARD SMALL-CAP VALUE INDEX FUND | 1.44% |
| Invesco KBW Premium Yield Equity REIT ETF | 1.26% |
| VANGUARD EXTENDED MARKET INDEX FUND | 1.14% |
| iShares Russell 2000 Value ETF | 0.94% |
| Global X SuperDividend ETF | 0.91% |
OakChart. IIPR. Cached 15 minutes. Terms