Acquire and lease restaurant properties on a net basis. Focus on long-term leases with national and regional restaurant brands. Now — the numbers.
That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.
This is an established company with proven profits.
Average growth of 10% a year over the last 4 years. Every year shown ended in profit.
The gap is $1.2B. In times of high interest rates, a gap like that can squeeze a company.
We compared this company with its own sector across five subjects.
A score of 50 means class average.
Profit power and business quality lead the class.
A solid grade overall — yet the debt outweighs the cash. The strength here comes from earnings power.
The price isn’t cheap next to earnings — that’s why this grade sits in the middle.
Clearly below the class average.
The price is looking for direction — no strong breakout, no collapse.
Growth: Sales growth trails the sector average.
The stock trades 22% below its peak. The market has trimmed its expectations for the company.
The net profit margin is 38% — still a thick cushion, though costs have been eating into it lately.
Over the last 12 months, company executives reported 93 buys and 7 sells. Management buying with its own money is usually read as a good sign.
It pays out $1.34 per share each year — regular cash for whoever holds the stock.
The growth engine is running at low revs right now. Report-card grade: 29/100.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.