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Real estate investment trusts company · MD · FY ends Dec · Revenue $1.57B · 61.53% margin · $149M FCF
$15.25
+$0.00 (+0.00%)
Price from 41 days ago
61.07% operating margin is above average. ROIC at 4.51%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 6.3% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 29% versus the prior year, cash generation momentum has weakened. Net debt of $11.77B represents 68.4x FCF, leverage limits flexibility.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.57B
▼ -6.3% YoY
Net Income (TTM)
-$627M
▼ -1.0% YoY
Op. Margin
61.53%
▼ -1.4pp YoY
ROIC
4.76%
▲ +0.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$149M
▼ -29.4% YoY
Op. Cash Flow (TTM)
$315M
▼ -19.5% YoY
Net Debt
$11.77B
Cash & Equiv.
$211M
5Y CAGR: +39.6%
5Y CAGR: +13.2%
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