Owns and operates a portfolio of neighborhood, community, and lifestyle shopping centers. Connects consumers to retailers in desirable markets. 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 23% a year over the last 4 years. Red columns mark years that ended in a loss.
The gap is $3.3B. 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.
Clearly above the class average — a step short of the very top.
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.
Sales are growing strongly for its sector.
The price is looking for direction — no strong breakout, no collapse.
No real weak spot in any of the five subjects — a balanced report card.
The stock trades below its recent peak — about 13% off the top. A pullback, not a collapse.
The net profit margin is 35% — still a thick cushion, though costs have been eating into it lately.
Over the last 4 years, sales grew about 23% a year on average.
Over the last 12 months, company executives reported 21 buys and 4 sells. Management buying with its own money is usually read as a good sign.
The price action doesn’t yet back an upward turn.
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.