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Held by 384 of 5,944 reporting institutions (96th percentile) — extremely crowded.
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $14.86 today, the market must believe free cash flow compounds 17.2%/yr for a decade (off $102M normalized FCF).
2-stage DCF · 0.28B shares · net debt -$137M
mean -128.8% · volatility σ 259% · implied rate exceeded in 1/6 yrs
Central path = implied 17.2%/yr growth; shaded band = ±1σ (259%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. 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.
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
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
4/7 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.
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: $261M dividends + $0 buybacks = $261M returned on -$217M FCF.
2 consecutive years of dividend increases · 14%/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 reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. 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.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 8-yr range · 16th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 8-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
High operating leverage: profit moved 38.8× 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 | — | — | — | — | 76.1 | 71.2 | 68.2 | 67.7 |
| SG&A | 6.9 | 7.2 | 7.3 | 6.7 | 7.9 | 8.5 | 9.6 | 10.4 |
| Operating Income | 11.2 | 7.4 | 8.5 | 2.7 | 3.0 | -4.1 | 4.7 | 0.3 |
| Income Tax | -0.2 | -0.3 | -0.3 | -0.1 | -0.6 | -0.1 | -0.3 | -0.8 |
| Net Income | 3.0 | 2.7 | 1.2 | -1.1 | -0.7 | -12.6 | -3.6 | -4.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on COLD: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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 | $2.60B 100.0% | $2.67B 100.0% | $2.67B 100.0% | $2.91B 100.0% | $2.71B 100.0% | $1.99B 100.0% | $1.78B 100.0% | $1.60B 100.0% | $1.54B 100.0% | $1.49B 100.0% |
| Cost of Revenue | $1.76B 67.7% | $1.82B 68.2% | $1.90B 71.2% | $2.22B 76.1% | — | — | — | — | — | — |
| Selling, General & Admin | $269.5M 10.4% | $255.1M 9.6% | $226.8M 8.5% | $231.1M 7.9% | $182.1M 6.7% | $144.7M 7.3% | $129.3M 7.2% | $110.8M 6.9% | $99.6M 6.5% | $96.7M 6.5% |
| Total Operating Expenses | $2.59B 99.7% | $2.54B 95.3% | $2.78B 104.1% | $2.83B 97.0% | $2.64B 97.3% | $1.82B 91.5% | $1.65B 92.6% | $1.42B 88.8% | $1.41B 91.1% | $1.36B 91.1% |
| Operating Income | $7.2M 0.3% | $124.0M 4.7% | -$108.3M -4.1% | $87.9M 3.0% | $73.0M 2.7% | $168.5M 8.5% | $131.5M 7.4% | $180.0M 11.2% | $137.0M 8.9% | $132.1M 8.9% |
| Interest Expense | $147.8M 5.7% | $135.3M 5.1% | $140.1M 5.2% | $116.1M 4.0% | $99.2M 3.7% | $91.5M 4.6% | $94.4M 5.3% | $93.3M 5.8% | $114.9M 7.4% | $119.6M 8.0% |
| Interest & Investment Income | — | — | — | $1.6M 0.1% | $841K 0.0% | $1.2M 0.1% | $6.3M 0.4% | $4.0M 0.2% | $1.1M 0.1% | $708K 0.0% |
| Other Income (Expense), net | $6.9M 0.3% | $27.9M 1.0% | $2.8M 0.1% | $2.5M 0.1% | $2.0M 0.1% | -$2.6M -0.1% | -$1.9M -0.1% | -$532K -0.0% | -$1.9M -0.1% | -$1.4M -0.1% |
| Pretax Income | -$135.7M -5.2% | -$103.2M -3.9% | -$328.1M -12.3% | -$29.9M -1.0% | -$30.6M -1.1% | $17.6M 0.9% | $43.0M 2.4% | $44.4M 2.8% | $8.8M 0.6% | $10.8M 0.7% |
| Income Tax Expense | -$20.5M -0.8% | -$8.4M -0.3% | -$2.3M -0.1% | -$18.8M -0.6% | -$1.6M -0.1% | -$6.9M -0.3% | -$5.2M -0.3% | -$3.6M -0.2% | $9.4M 0.6% | $5.9M 0.4% |
| Net Income | -$115.3M -4.4% | -$94.7M -3.6% | -$336.3M -12.6% | -$19.4M -0.7% | -$30.5M -1.1% | $24.5M 1.2% | $48.2M 2.7% | $48.0M 3.0% | -$608K -0.0% | $4.9M 0.3% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.40 | $-0.33 | $-1.22 | $-0.07 | $-0.12 | $0.11 | $0.26 | $0.31 | $-0.43 | $-0.35 |
| EPS (Diluted) | $-0.40 | $-0.33 | $-1.22 | $-0.07 | $-0.12 | $0.11 | $0.26 | $0.31 | $-0.43 | $-0.35 |
| Weighted Avg Shares (Basic) | 285.7M | 284.8M | 275.8M | 269.6M | 259.1M | 203.3M | 179.6M | 141.4M | 70.0M | 69.9M |
| Weighted Avg Shares (Diluted) | 285.7M | 284.8M | 275.8M | 269.6M | 259.1M | 206.9M | 183.9M | 144.3M | 70.0M | 69.9M |
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.
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 |
| COLD | $4.2B | — | 10.9× | 1.6× | -2.4% | 32.3% | -4.4% | -4.0% | -4.0% | — | 384 |
Peers = companies sharing COLD'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.