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Strong institutional distribution: ownership decreased -84.26% quarter-over-quarter.
Data as of Q1 2026
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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.
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 | $159.4B | 164.7× | — | 14.7× | 35.6% | 40.1% | 8.9% | 2.3% | 1.6% | — | 1,425 |
| PLD | $125.3B | 37.9× | — | 14.3× | 7.2% | — | 37.9% | 6.3% | 3.8% | — | 1,592 |
| XHG | $124.6B | — | — | 2429.0× | 24.9% | 2.2% | -205% | 85.0% | 88.3% | — | 1 |
| EQIX | $100.3B | 74.2× | 25.6× | 10.9× | 5.4% | 51.1% | 14.6% | 9.5% | 8.7% | 0.3× | 1,229 |
| AMT | $81.1B | 32.2× | 14.0× | 7.6× | 5.1% | — | 24.7% | 72.0% | 37.3% | 0.6× | 1,662 |
| SPG | $67.0B | 14.5× | — | 10.5× | 6.7% | — | 84.3% | 103% | 15.9% | — | 1,242 |
| O | $52.9B | 48.4× | — | 9.2× | 9.1% | — | 18.4% | 2.7% | 2.7% | — | 1,389 |
| PSA | $52.0B | 32.9× | — | 10.8× | 2.7% | — | 37.0% | 19.3% | 9.1% | — | 1,045 |
| CBRE | $41.3B | 36.2× | — | 1.0× | 13.4% | 18.7% | 2.9% | 13.0% | 7.1% | — | 1,020 |
| VTR | $41.2B | 160.5× | — | 7.1× | 18.5% | — | 4.5% | 2.1% | 1.0% | — | 891 |
| IRM | $33.8B | 233.3× | 22.9× | 4.9× | 12.2% | — | 2.2% | -15.5% | 1.0% | 7.5× | 1,043 |
| EXR | $28.9B | 29.8× | 13.5× | 8.6× | 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 |
| EQR | $25.6B | 23.0× | — | — | — | — | — | 10.1% | 5.8% | — | 681 |
| VICI | $25.4B | 9.1× | — | 6.3× | 4.1% | 99.3% | 69.3% | 10.0% | 6.2% | — | 898 |
| SBAC | $18.9B | 18.2× | 21.4× | 6.7× | 5.1% | 75.5% | 37.4% | -21.7% | 13.1% | 8.7× | 636 |
| BEKE | $17.9B | 135.7× | 38.6× | 1.3× | 5.6% | 21.4% | 3.2% | 4.5% | 4.5% | — | 197 |
| ESS | $17.4B | 26.0× | 11.5× | 9.2× | 6.4% | 69.9% | 37.2% | 12.7% | 12.7% | — | 582 |
| INVH | $16.4B | 28.0× | — | 6.0× | 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 | $15.3B | 47.2× | 16.4× | 2.2× | -3.1% | 14.8% | 4.7% | 3.4% | 2.2% | 4.5× | 868 |
| KIM | $15.2B | — | 16.2× | 7.1× | 5.1% | — | 27.3% | 5.6% | 3.2% | 5.5× | 633 |
| HST | $15.0B | 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 |
| NLY | $14.9B | 7.2× | — | — | — | — | — | 12.6% | 12.6% | — | 743 |
| ALEX | — | — | — | — | -12.7% | — | 31.3% | 6.6% | 4.4% | 4.2× | 1 |
Peers = companies sharing ALEX'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.
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).
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.
The dividend exceeds free cash flow (241%) — funded from the balance sheet or debt, a red flag if it persists. Last year: $66M dividends + $0 buybacks = $66M returned on $27M FCF.
5 consecutive years of dividend increases · 15%/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 cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: 4%. 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 $11M is below the $162M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2023-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~4.8% on $492M 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.
No current price collected.
Where each multiple sits in its own 14-yr range
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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 9.5 | 13.5 | 16.3 | 14.4 | 15.6 | 16.3 | 12.6 | 13.6 |
| Operating Income | 26.8 | -3.3 | 22.3 | 33.6 | 50.2 | 30.9 | 33.7 | 38.7 |
| Income Tax | 2.5 | -0.5 | -0.2 | 0.0 | -7.9 | 0.0 | 0.1 | -0.0 |
| Net Income | -11.2 | -8.4 | 2.9 | 13.9 | -22.0 | 14.3 | 25.6 | 31.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ALEX: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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 | $206.7M 100.0% | $236.6M 100.0% | $208.8M 100.0% | $230.6M 100.0% | $254.0M 100.0% | $190.3M 100.0% | $435.2M 100.0% | $644.4M 100.0% | $425.5M 100.0% | $387.5M 100.0% |
| Selling, General & Admin | $28.1M 13.6% | $29.8M 12.6% | $34.0M 16.3% | $35.9M 15.6% | $36.6M 14.4% | $31.1M 16.3% | $58.9M 13.5% | $61.2M 9.5% | $66.4M 15.6% | $52.0M 13.4% |
| Total Operating Expenses | $145.8M 70.5% | $159.1M 67.2% | $145.3M 69.6% | $168.8M 73.2% | $171.5M 67.5% | $157.3M 82.7% | $449.5M 103.3% | $523.0M 81.2% | $406.0M 95.4% | $341.7M 88.2% |
| Operating Income | $80.0M 38.7% | $79.8M 33.7% | $64.6M 30.9% | $115.7M 50.2% | $85.4M 33.6% | $42.4M 22.3% | -$14.3M -3.3% | $172.8M 26.8% | $28.8M 6.8% | $53.9M 13.9% |
| Interest Expense | $23.8M 11.5% | $23.2M 9.8% | $23.0M 11.0% | $22.0M 9.5% | $26.2M 10.3% | $30.2M 15.9% | $33.1M 7.6% | $35.3M 5.5% | $25.6M 6.0% | $26.3M 6.8% |
| Interest & Investment Income | $792K 0.4% | $2.2M 0.9% | $431K 0.2% | $280K 0.1% | — | — | — | — | — | — |
| Other Income (Expense), net | $34K 0.0% | -$67K -0.0% | $120K 0.1% | $243K 0.1% | $300K 0.1% | $900K 0.5% | $800K 0.2% | $100K 0.0% | $600K 0.1% | $700K 0.2% |
| Pretax Income | $64.5M 31.2% | $64.2M 27.1% | $40.8M 19.6% | $18.8M 8.2% | $75.4M 29.7% | $18.9M 9.9% | -$38.9M -8.9% | -$52.9M -8.2% | $9.9M 2.3% | $35.3M 9.1% |
| Income Tax Expense | -$69K -0.0% | $174K 0.1% | $35K 0.0% | -$18.3M -7.9% | $0 0.0% | -$400K -0.2% | -$2.0M -0.5% | $16.3M 2.5% | -$218.2M -51.3% | $2.6M 0.7% |
| Net Income | $64.7M 31.3% | $60.5M 25.6% | $29.8M 14.3% | -$50.7M -22.0% | $35.4M 13.9% | $5.6M 2.9% | -$36.4M -8.4% | -$72.0M -11.2% | $228.3M 53.7% | -$10.2M -2.6% |
| Per Share | ||||||||||
| EPS (Basic) | $0.89 | $0.83 | $0.41 | $-0.70 | $0.48 | $0.08 | $-0.51 | $-1.02 | $4.68 | $-0.18 |
| EPS (Diluted) | $0.89 | $0.83 | $0.41 | $-0.70 | $0.48 | $0.08 | $-0.51 | $-1.02 | $4.34 | $-0.18 |
| Weighted Avg Shares (Basic) | 72.7M | 72.6M | 72.6M | 72.6M | 72.5M | 72.3M | 72.2M | 70.6M | 49.2M | 49.0M |
| Weighted Avg Shares (Diluted) | 73.0M | 72.8M | 72.8M | 72.8M | 72.6M | 72.4M | 72.2M | 70.6M | 53.0M | 49.4M |
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.
Top 1 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