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Real estate investment trusts company · MD · FY ends Dec · Revenue $252M · 11.54% margin
11.12% operating margin is respectable but not wide. ROIC at 1.92%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 3.2% YoY. Margins deteriorated 21.1pp alongside, both lines moving the wrong way.
ROIC dropped from 5.32% to 1.92%, capital efficiency is deteriorating. Operating margin contracted 21.1pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$252M
▼ -3.2% YoY
Net Income (TTM)
-$32M
▼ -2985.3% YoY
Op. Margin
11.54%
▼ -21.1pp YoY
ROIC
2.07%
▼ -3.4pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$79M
▲ +13.6% YoY
Net Debt
$1.58B
Cash & Equiv.
$18M
5Y CAGR: +4.2%
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