/
Real estate investment trusts company · NJ · FY ends Oct · Revenue $30M · 52.21% margin · $6M FCF
51.73% operating margin is above average. ROIC at 4.23%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue growth slowed to 2.2%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 71% versus the prior year, cash generation momentum has weakened. Net debt of $224M represents 40.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$30M
▲ +2.2% YoY
Net Income (TTM)
$4M
▼ -77.9% YoY
Op. Margin
52.21%
▼ -0.7pp YoY
ROIC
4.89%
▼ -1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$6M
▼ -71.0% YoY
Op. Cash Flow (TTM)
$6M
▼ -69.0% YoY
Net Debt
$102M
Cash & Equiv.
$19M
5Y CAGR: -11.1%
5Y CAGR: +24.4%
Continue Research