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Held by 425 of 5,944 reporting institutions (96th percentile) — extremely crowded.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $20.00 today, the market must believe free cash flow compounds 7.0%/yr for a decade (off $181M normalized FCF).
2-stage DCF · 0.16B shares · net debt $202M
mean 6.9% · volatility σ 39% · implied rate exceeded in 3/8 yrs
Central path = implied 7.0%/yr growth; shaded band = ±1σ (39%) 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 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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
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.
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: $292M dividends + $3M buybacks = $295M returned.
4 consecutive years of dividend increases · 7%/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).
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 15%. 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 $843M covers the $200M due within a year 4.2× over. 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).
Coverage is adequate but not comfortable. Effective rate ~2.5% on $1.0B of debt.
Cash of $843M fully covers short-term debt of $200M.
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
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 | $484.5M 100.0% | $987.9M 100.0% | $788.4M 100.0% | $577.2M 100.0% | $1.11B 100.0% | $859.2M 100.0% | $711.6M 100.0% | $816.1M 100.0% | $819.6M 100.0% | $815.9M 100.0% |
| Cost of Revenue | $327.2M 67.5% | $547.6M 55.4% | $528.9M 67.1% | $392.3M 68.0% | $796.1M 71.7% | $712.4M 82.9% | $558.4M 78.5% | $605.3M 74.2% | $568.3M 69.3% | $526.4M 64.5% |
| Cost of Products | — | — | — | — | — | — | — | — | $568.3M 69.3% | $526.4M 64.5% |
| Selling, General & Admin | $66.7M 13.8% | $74.4M 7.5% | $74.8M 9.5% | $64.7M 11.2% | $57.8M 5.2% | $50.6M 5.9% | $41.6M 5.9% | $42.0M 5.1% | $40.2M 4.9% | $42.8M 5.2% |
| Total Operating Expenses | $401.1M 82.8% | $623.8M 63.1% | $603.7M 76.6% | $441.8M 76.5% | $839.8M 75.7% | $784.8M 91.3% | $604.5M 85.0% | $646.1M 79.2% | $604.1M 73.7% | $560.1M 68.7% |
| Operating Income | $83.3M 17.2% | $364.1M 36.9% | $184.7M 23.4% | $135.4M 23.5% | $269.8M 24.3% | $74.4M 8.7% | $107.0M 15.0% | $170.1M 20.8% | $215.5M 26.3% | $255.8M 31.3% |
| Interest Expense | $26.4M 5.4% | $33.8M 3.4% | $48.3M 6.1% | $36.2M 6.3% | $44.9M 4.0% | $38.8M 4.5% | $31.7M 4.5% | $32.1M 3.9% | $34.1M 4.2% | $32.2M 4.0% |
| Interest & Investment Income | $24.3M 5.0% | $8.2M 0.8% | $1.8M 0.2% | — | — | — | — | — | — | — |
| Other Income (Expense), net | -$6.7M -1.4% | $1.3M 0.1% | $18.3M 2.3% | $2.4M 0.4% | $280K 0.0% | $1.2M 0.1% | $5.3M 0.7% | $4.6M 0.6% | $1.8M 0.2% | -$698K -0.1% |
| Pretax Income | $74.6M 15.4% | $339.8M 34.4% | $159.6M 20.2% | $104.4M 18.1% | $225.1M 20.3% | $36.8M 4.3% | $80.6M 11.3% | $142.6M 17.5% | $183.3M 22.4% | $222.8M 27.3% |
| Income Tax Expense | $527K 0.1% | -$1.0M -0.1% | $293K 0.0% | $3.1M 0.5% | $14.7M 1.3% | $7.0M 0.8% | $12.9M 1.8% | $25.2M 3.1% | $21.7M 2.6% | $5.1M 0.6% |
| Net Income | $474.4M 97.9% | $359.1M 36.4% | $173.5M 22.0% | $107.1M 18.6% | $152.6M 13.7% | $37.1M 4.3% | $59.1M 8.3% | $102.2M 12.5% | $148.8M 18.2% | $212.0M 26.0% |
| Per Share | ||||||||||
| EPS (Basic) | $3.07 | $2.41 | $1.17 | $0.73 | $1.08 | $0.28 | $0.46 | $0.79 | $1.17 | $1.73 |
| EPS (Diluted) | $3.03 | $2.39 | $1.17 | $0.73 | $1.08 | $0.27 | $0.46 | $0.79 | $1.16 | $1.73 |
| Weighted Avg Shares (Basic) | 154.8M | 148.8M | 148.0M | 146.2M | 140.8M | 133.9M | 129.3M | 129.0M | 127.4M | 122.6M |
| Weighted Avg Shares (Diluted) | 158.7M | 152.1M | 151.1M | 150.2M | 145.3M | 136.9M | 129.6M | 129.7M | 127.8M | 122.8M |
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 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
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 |
| RYN | $3.2B | 6.6× | — | 6.7× | -51.0% | 32.5% | 97.9% | 21.5% | 14.6% | — | 425 |
Peers = companies sharing RYN'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
Where each multiple sits in its own 14-yr range · 43th 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 1.5× 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 | 74.2 | 78.5 | 82.9 | 71.7 | 68.0 | 67.1 | 55.4 | 67.5 |
| SG&A | 5.1 | 5.9 | 5.9 | 5.2 | 11.2 | 9.5 | 7.5 | 13.8 |
| Operating Income | 20.8 | 15.0 | 8.7 | 24.3 | 23.5 | 23.4 | 36.9 | 17.2 |
| Income Tax | 3.1 | 1.8 | 0.8 | 1.3 | 0.5 | 0.0 | -0.1 | 0.1 |
| Net Income | 12.5 | 8.3 | 4.3 | 13.7 | 18.6 | 22.0 | 36.4 | 97.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on RYN: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.