Own and co-own a diversified portfolio of properties. Focus on multi-residential, flex industrial, net lease retail, and professional service spaces. Now — the numbers.
This is an established company with proven profits.
Average growth of 7% a year over the last 4 years. Red columns mark years that ended in a loss.
The gap is $226.0M. In times of high interest rates, a gap like that can squeeze a company.
The market pays 9.9× for every dollar of annual profit — cheap, which is either an opportunity or a warning.
No analyst target is on record for this company.
angles, checked one by one.
The 2 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
The stock trades 22% below its peak. The market has trimmed its expectations for the company.
The net profit margin is 42% — still a thick cushion, though costs have been eating into it lately.
It pays out $0.38 per share each year — regular cash for whoever holds the stock.
Since the drop from its peak, buyer appetite hasn’t come back. Council score: 0/10.
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.