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Held by 181 of 5,944 reporting institutions (91th percentile) — extremely crowded.
Data as of Q1 2026
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How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: 67%. 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 $395M covers the $79M due within a year 5.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2019-12-31 (10-K).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.” Effective rate ~13.0% on $457M 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.
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.
Top 40 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
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 | $138.5M 100.0% | $137.7M 100.0% | $119.9M 100.0% | $190.3M 100.0% | $169.8M 100.0% | $151.5M 100.0% | $143.7M 100.0% | $132.2M 100.0% | $1.01B 100.0% | $995.9M 100.0% |
| Selling, General & Admin | $34.0M 24.6% | $32.8M 23.8% | $32.9M 27.4% | $39.7M 20.8% | $33.2M 19.5% | $10.5M 6.9% | $7.1M 4.9% | $5.8M 4.4% | $43.7M 4.3% | $46.8M 4.7% |
| Total Operating Expenses | $308.1M 222.5% | $178.0M 129.3% | $142.6M 118.9% | $270.4M 142.1% | $185.5M 109.2% | $165.8M 109.5% | $128.6M 89.5% | $108.7M 82.2% | $811.5M 80.7% | $749.1M 75.2% |
| Operating Income | — | $117.7M 85.5% | $113.3M 94.5% | $118.6M 62.3% | -$15.6M -9.2% | -$14.4M -9.5% | $15.1M 10.5% | — | $194.0M 19.3% | $246.8M 24.8% |
| Interest Expense | $59.4M 42.9% | $59.4M 43.1% | $26.9M 22.4% | $73.8M 38.8% | $52.9M 31.1% | $27.5M 18.2% | $18.6M 12.9% | $19.6M 14.9% | $194.6M 19.4% | $196.4M 19.7% |
| Interest & Investment Income | $8.6M 6.2% | $9.6M 7.0% | $9.7M 8.1% | $4.1M 2.1% | $2.3M 1.3% | $110K 0.1% | $26K 0.0% | $8K 0.0% | $8.3M 0.8% | $7.8M 0.8% |
| Other Income (Expense), net | -$4.2M -3.0% | -$5.6M -4.1% | -$7.7M -6.4% | -$12.8M -6.7% | $3.2M 1.9% | -$3.6M -2.4% | -$2.1M -1.5% | $77K 0.1% | $7.7M 0.8% | $6.1M 0.6% |
| Pretax Income | -$15.8M -11.4% | -$135.2M -98.2% | -$193.6M -161.4% | $109.4M 57.5% | -$18.6M -10.9% | -$15.9M -10.5% | -$3.2M -2.2% | $3.7M 2.8% | $316.2M 31.5% | $464.4M 46.6% |
| Income Tax Expense | -$57.6M -41.6% | -$11.1M -8.0% | -$12.8M -10.6% | $17.3M 9.1% | -$13.6M -8.0% | -$10.1M -6.7% | -$3.3M -2.3% | $261K 0.2% | -$30.8M -3.1% | -$18.8M -1.9% |
| Net Income | $547.2M 395.1% | -$104.0M -75.5% | -$166.2M -138.6% | $74.6M 39.2% | -$5.9M -3.5% | -$5.0M -3.3% | $304K 0.2% | $3.2M 2.5% | $315.8M 31.4% | $430.4M 43.2% |
| Per Share | ||||||||||
| EPS (Basic) | $3.95 | $-0.75 | $-1.16 | $0.50 | $-0.04 | $-0.03 | $0.00 | $0.02 | $2.02 | $2.68 |
| EPS (Diluted) | $3.87 | $-0.75 | $-1.16 | $3.87 | $-0.04 | $-0.03 | $0.00 | $0.02 | $2.02 | $2.67 |
| Weighted Avg Shares (Basic) | 138.3M | 138.5M | 143.6M | 138.3M | 149.5M | 148.6M | 148.5M | 148.5M | 151.6M | 156.0M |
| Weighted Avg Shares (Diluted) | 141.1M | 138.5M | 143.6M | 141.1M | 149.5M | 148.6M | 148.6M | 148.6M | 152.1M | 156.4M |
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.
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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
5/7 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 lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
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: $416M dividends + $256000 buybacks = $416M returned on -$92M FCF.
1 consecutive years of dividend increases · 9%/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.
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.
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 |
| AIV | $311M | 0.6× | — | 2.3× | 0.6% | — | 395% | 151% | 66.8% | — | 181 |
Peers = companies sharing AIV'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
Nothing notable to watch.
Where each multiple sits in its own 14-yr range · 60th 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
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
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
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 4.4 | 4.9 | 6.9 | 19.5 | 20.8 | 27.4 | 23.8 | 24.6 |
| Operating Income | — | 10.5 | -9.5 | -9.2 | 62.3 | 94.5 | 85.5 | — |
| Income Tax | 0.2 | -2.3 | -6.7 | -8.0 | 9.1 | -10.6 | -8.0 | -41.6 |
| Net Income | 2.5 | 0.2 | -3.3 | -3.5 | 39.2 | -138.6 | -75.5 | 395.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AIV: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.