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Insufficient data to determine institutional momentum.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
No trend data available for this metric.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Top 31 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Ranked against 240 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WELL | $161.8B | 167.1× | — | 14.9× | 35.6% | 40.1% | 8.9% | 2.3% | 1.6% | — | 1,425 |
| XHG | $130.2B | — | — | 2536.8× | 24.9% | 2.2% | -205% | 85.0% | 88.3% | — | 1 |
| PLD | $125.6B | 38.0× | — | 14.3× | 7.2% | — | 37.9% | 6.3% | 3.8% | — | 1,592 |
| EQIX | $100.8B | 74.6× | 25.7× | 10.9× | 5.4% | 51.1% | 14.6% | 9.5% | 8.7% | 0.3× | 1,229 |
| AMT | $81.9B | 32.5× | 14.1× | 7.7× | 5.1% | — | 24.7% | 72.0% | 37.3% | 0.6× | 1,662 |
| SPG | $66.7B | 14.4× | — | 10.5× | 6.7% | — | 84.3% | 103% | 15.9% | — | 1,242 |
| O | $53.5B | 49.0× | — | 9.3× | 9.1% | — | 18.4% | 2.7% | 2.7% | — | 1,389 |
| PSA | $52.8B | 33.4× | — | 10.9× | 2.7% | — | 37.0% | 19.3% | 9.1% | — | 1,045 |
| VTR | $41.7B | 162.4× | — | 7.1× | 18.5% | — | 4.5% | 2.1% | 1.0% | — | 891 |
| CBRE | $41.2B | 36.2× | — | 1.0× | 13.4% | 18.7% | 2.9% | 13.0% | 7.1% | — | 1,020 |
| IRM | $33.7B | 232.7× | 22.9× | 4.9× | 12.2% | — | 2.2% | -15.5% | 1.0% | 7.5× | 1,043 |
| EXR | $29.4B | 30.3× | 13.7× | 8.7× | 3.7% | 72.8% | 28.8% | 7.3% | 7.3% | — | 722 |
| AVB | $26.6B | 25.6× | 12.2× | 8.7× | 4.4% | — | 34.7% | 9.1% | 5.0% | 3.2× | 715 |
| VICI | $25.8B | 9.2× | — | 6.4× | 4.1% | 99.3% | 69.3% | 10.0% | 6.2% | — | 898 |
| EQR | $25.6B | 23.0× | — | — | — | — | — | 10.1% | 5.8% | — | 681 |
| SBAC | $19.1B | 18.5× | 21.6× | 6.8× | 5.1% | 75.5% | 37.4% | -21.7% | 13.1% | 8.7× | 636 |
| BEKE | $17.6B | 133.3× | 37.9× | 1.3× | 5.6% | 21.4% | 3.2% | 4.5% | 4.5% | — | 197 |
| ESS | $17.5B | 26.0× | 11.5× | 9.3× | 6.4% | 69.9% | 37.2% | 12.7% | 12.7% | — | 582 |
| INVH | $16.6B | 28.3× | — | 6.1× | 4.2% | — | 21.5% | 6.2% | 3.3% | — | 560 |
| JLL | $15.8B | 20.5× | 11.8× | 0.6× | 11.4% | — | 3.0% | 10.6% | 10.4% | 0.1× | 615 |
| WY | $15.6B | 48.1× | 16.7× | 2.3× | -3.1% | 14.8% | 4.7% | 3.4% | 2.2% | 4.5× | 868 |
| KIM | $15.2B | — | 16.3× | 7.1× | 5.1% | — | 27.3% | 5.6% | 3.2% | 5.5× | 633 |
| NLY | $15.1B | 7.3× | — | — | — | — | — | 12.6% | 12.6% | — | 743 |
| HST | $15.1B | 19.9× | — | 2.5× | 7.6% | — | 12.5% | 11.7% | 9.8% | — | 656 |
| LAMR | $14.9B | 25.4× | — | 6.6× | 2.7% | 67.0% | 25.9% | 57.3% | 13.2% | — | 655 |
| AHT | $19M | — | 9.6× | 0.0× | -5.8% | — | -16.3% | 28.7% | -9.5% | 9.8× | 29 |
Peers = companies sharing AHT's sector (Real Estate) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.10B 100.0% | $1.17B 100.0% | $1.37B 100.0% | $1.24B 100.0% | $805.4M 100.0% | $508.2M 100.0% | $1.50B 100.0% | $1.43B 100.0% | $1.44B 100.0% | $1.49B 100.0% |
| Cost of Revenue | — | — | — | — | — | — | $952.7M 63.4% | $900.6M 62.9% | $907.3M 63.0% | $938.4M 62.9% |
| Selling, General & Admin | $20.8M 1.9% | $24.7M 2.1% | $16.2M 1.2% | $9.9M 0.8% | $16.2M 2.0% | $28.0M 5.5% | $11.1M 0.7% | $10.9M 0.8% | $13.3M 0.9% | $8.4M 0.6% |
| Total Operating Expenses | $1.11B 100.2% | $1.17B 100.2% | $1.25B 91.3% | $1.16B 93.9% | $932.0M 115.7% | $936.9M 184.3% | $1.41B 94.1% | $1.34B 93.7% | $1.30B 90.6% | $1.34B 89.6% |
| Operating Income | $116.4M 10.5% | $259.2M 22.1% | $130.4M 9.5% | $76.3M 6.1% | -$125.2M -15.5% | -$465.4M -91.6% | $114.7M 7.6% | $90.4M 6.3% | $149.0M 10.4% | $187.3M 12.6% |
| Interest Expense | $256.2M 23.2% | $273.4M 23.3% | $327.0M 23.9% | $207.9M 16.8% | $156.1M 19.4% | $247.4M 48.7% | $262.0M 17.4% | $236.8M 16.5% | $222.6M 15.5% | $224.0M 15.0% |
| Interest & Investment Income | $4.7M 0.4% | $6.9M 0.6% | $9.0M 0.7% | $4.8M 0.4% | $207K 0.0% | $672K 0.1% | $3.1M 0.2% | $4.0M 0.3% | $2.2M 0.2% | $331K 0.0% |
| Other Income (Expense), net | $0 0.0% | $108K 0.0% | $310K 0.0% | $415K 0.0% | $760K 0.1% | -$17.0M -3.3% | $10.5M 0.7% | $64K 0.0% | -$3.4M -0.2% | -$4.5M -0.3% |
| Pretax Income | -$188.3M -17.1% | -$64.0M -5.5% | -$179.8M -13.2% | -$134.7M -10.9% | -$265.1M -32.9% | -$634.6M -124.9% | -$141.5M -9.4% | -$153.5M -10.7% | -$91.0M -6.3% | -$57.3M -3.8% |
| Income Tax Expense | -$143K -0.0% | $997K 0.1% | $900K 0.1% | $6.3M 0.5% | $5.9M 0.7% | -$1.3M -0.3% | $1.2M 0.1% | $2.8M 0.2% | -$2.2M -0.2% | $1.5M 0.1% |
| Net Income | -$179.8M -16.3% | -$60.3M -5.1% | -$178.5M -13.1% | -$139.8M -11.3% | -$267.0M -33.2% | -$543.9M -107.0% | -$113.6M -7.6% | -$127.0M -8.9% | -$67.0M -4.7% | -$46.3M -3.1% |
| Per Share | ||||||||||
| EPS (Basic) | $-35.99 | $-17.54 | $-56.11 | $-44.61 | $-12.37 | $-329.97 | $-157.74 | $-17.52 | $-1.30 | $-0.95 |
| EPS (Diluted) | $-35.99 | $-17.54 | $-56.11 | $-44.61 | $-12.43 | $-329.97 | $-157.74 | $-17.52 | $-1.30 | $-0.95 |
| Weighted Avg Shares (Basic) | 6.0M | 4.7M | 3.5M | 3.4M | 21.6M | 1.6M | 998K | 9.7M | 95.2M | 94.4M |
| Weighted Avg Shares (Diluted) | 6.0M | 4.7M | 3.5M | 3.4M | 21.8M | 1.6M | 998K | 9.7M | 95.2M | 94.4M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
2/7 of the 9 checks — 2 couldn't be scored (see above), so the score is out of the 7 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $24M dividends + $44000 buybacks = $24M returned on -$87M FCF.
1 consecutive years of dividend increases · 16%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -9%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $66M is below the $1.5B due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~10.1% on $2.5B of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
Where each multiple sits in its own 14-yr range · 8th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 9.5× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 62.9 | 63.4 | — | — | — | — | — | — |
| SG&A | 0.8 | 0.7 | 5.5 | 2.0 | 0.8 | 1.2 | 2.1 | 1.9 |
| Operating Income | 6.3 | 7.6 | -91.6 | -15.5 | 6.1 | 9.5 | 22.1 | 10.5 |
| Income Tax | 0.2 | 0.1 | -0.3 | 0.7 | 0.5 | 0.1 | 0.1 | -0.0 |
| Net Income | -8.9 | -7.6 | -107.0 | -33.2 | -11.3 | -13.1 | -5.1 | -16.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AHT: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.