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We are a publicly-traded company that operates our business through one reportable segment by acquiring, managing and capitalizing ground leases. We believe that our business has characteristics comparable to a high-grade, fixed income investment business, but with certain unique advantages.
26.62% operating margin is above average. ROIC at 1.43%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 6.4%, steady but not accelerating.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$379M
▲ +6.4% YoY
Net Income (TTM)
$114M
▲ +8.2% YoY
Op. Margin
26.62%
▲ +2.2pp YoY
ROIC
1.43%
▲ +0.1pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$48M
▲ +26.3% YoY
Net Debt
$4.57B
Cash & Equiv.
$22M
5Y CAGR: +3.8%
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