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We are a Maryland real estate investment trust, qualified as a REIT for federal income tax purposes, focused on Class A warehouse and distribution real estate investments in target markets in the Sunbelt and lower Midwest. Class A real estate encompasses attractive and efficient buildings of high quality that are well-designed and constructed with above-average material, workmanship and…
70.18% operating margin is above average. ROIC at 6.94%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 2.3% YoY. The question is whether this is cyclical or a structural shift.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$347M
▼ -2.3% YoY
Net Income (TTM)
$94M
▲ +154.1% YoY
Op. Margin
70.08%
▼ -1.8pp YoY
ROIC
7.01%
▼ -0.1pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$187M
▼ -10.6% YoY
Net Debt
$1.23B
Cash & Equiv.
$130M
5Y CAGR: +1.2%
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