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Strong institutional accumulation: ownership increased +20.28% 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.
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
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: -40%. 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 $17M covers all $11M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2017-12-31 (10-K).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
Cash of $17M fully covers short-term debt of $0.
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. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
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 |
| LODE | $136M | — | — | 87.8× | -48.5% | -69.1% | -2772% | -40.0% | -40.0% | 0.0× | 90 |
Peers = companies sharing LODE'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 | $1.6M 100.0% | $3.0M 100.0% | $1.3M 100.0% | $178K 100.0% | $862K 100.0% | $202K 100.0% | $180K 100.0% | $150K 100.0% | $104K 100.0% | $5.1M 100.0% |
| Cost of Revenue | $2.6M 169.1% | $452K 15.0% | $0 0.0% | $0 0.0% | $272K 31.6% | $52K 25.7% | — | — | — | — |
| Gross Profit | — | — | — | $178K 100.0% | $590K 68.4% | $150K 74.3% | — | — | — | — |
| Research & Development | $12.3M 792.9% | $19.1M 633.2% | $6.1M 480.0% | $7.0M 3942.3% | $415K 48.1% | $0 0.0% | — | — | — | — |
| Selling, General & Admin | $20.7M 1330.4% | $12.7M 421.2% | $12.6M 987.8% | $10.2M 5749.8% | $5.5M 643.4% | $4.4M 2182.3% | $3.3M 1841.1% | $3.4M 2264.9% | $2.6M 2487.6% | $3.5M 69.4% |
| Total Operating Expenses | $37.1M 2386.1% | $42.2M 1400.2% | $13.9M 1089.0% | $19.5M 10968.0% | $7.0M 811.4% | $5.6M 2788.3% | $5.5M 3075.2% | $7.6M 5024.1% | $9.0M 8609.6% | $15.3M 301.4% |
| Operating Income | -$38.1M -2455.2% | -$39.7M -1315.1% | -$12.6M -989.0% | -$19.4M -10868.0% | -$6.4M -743.0% | -$5.5M -2714.1% | -$5.3M -2975.2% | -$7.4M -4924.1% | -$8.9M -8509.6% | -$10.2M -201.4% |
| Interest Expense | $1.9M 124.1% | $3.0M 98.5% | $1.6M 129.2% | $1.7M 927.0% | $169K 19.6% | $422K 209.2% | $880K 489.6% | $1.4M 938.5% | $1.7M 1639.4% | $754K 14.9% |
| Interest & Investment Income | $831K 53.5% | $302K 10.0% | $252K 19.8% | $388K 217.6% | $1.0M 118.1% | $474K 234.8% | — | — | — | — |
| Other Income (Expense), net | -$5.0M -322.9% | -$13.7M -455.4% | $23.1M 1815.0% | -$27.4M -15367.4% | -$23.9M -2775.1% | $20.4M 10117.1% | $1.5M 856.5% | -$2.1M -1384.2% | -$1.7M -1627.7% | -$2.8M -54.3% |
| Pretax Income | $43.1M 2772.3% | $53.3M 1767.9% | — | -$46.7M -26235.3% | -$30.3M -3518.1% | $14.9M 7403.1% | -$3.8M -2118.7% | -$9.5M -6308.3% | -$10.6M -10137.3% | -$13.0M -255.7% |
| Income Tax Expense | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | -$5.7M -666.7% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% |
| Net Income | -$43.2M -2778.2% | -$53.4M -1770.6% | $10.5M 825.9% | -$46.7M -26235.3% | -$24.6M -2851.4% | $14.9M 7403.1% | -$3.8M -2118.3% | -$9.5M -6308.3% | -$10.6M -10137.3% | -$13.0M -255.7% |
| Per Share | ||||||||||
| EPS (Basic) | $-1.17 | $-3.21 | $0.87 | $-0.62 | $-0.49 | $0.49 | $-0.20 | — | $-0.26 | $-0.37 |
| EPS (Diluted) | $-1.17 | $-3.21 | $0.87 | $-0.62 | $-0.49 | $0.49 | $-0.20 | — | $-0.26 | $-0.37 |
| Weighted Avg Shares (Basic) | 36.7M | 16.6M | 10.5M | 74.5M | 50.4M | 30.5M | 19.5M | — | 41.1M | 35.3M |
| Weighted Avg Shares (Diluted) | 36.7M | 16.6M | 10.5M | 74.5M | 50.4M | 30.6M | 19.5M | — | 41.1M | 35.3M |
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.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
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.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned.
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.
EOD close · as of 2026-09-17
Where each multiple sits in its own 14-yr range · 10th 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
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | — | — | 25.7 | 31.6 | 0.0 | 0.0 | 15.0 | 169.1 |
| Gross Profit | — | — | 74.3 | 68.4 | 100.0 | — | — | — |
| R&D | — | — | 0.0 | 48.1 | 3942.3 | 480.0 | 633.2 | 792.9 |
| SG&A | 2264.9 | 1841.1 | 2182.3 | 643.4 | 5749.8 | 987.8 | 421.2 | 1330.4 |
| Operating Income | -4924.1 | -2975.2 | -2714.1 | -743.0 | -10868.0 | -989.0 | -1315.1 | -2455.2 |
| Income Tax | 0.0 | 0.0 | 0.0 | -666.7 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income | -6308.3 | -2118.3 | 7403.1 | -2851.4 | -26235.3 | 825.9 | -1770.6 | -2778.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LODE: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.