ReAlpha Tech (AIRE)
Market Price (9/8/2026): $1.53 | Market Cap: $8.2 MilSector: Real Estate | Industry: Real Estate Services
ReAlpha Tech (AIRE)
Market Price (9/8/2026): $1.53Market Cap: $8.2 MilSector: Real EstateIndustry: Real Estate Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -24% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -74% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, Smart Buildings & Proptech, and Crypto & Blockchain. Themes include Travel & Leisure Tech, Show more. | Weak multi-year price returns2Y Excs Rtn is -132%, 3Y Excs Rtn is -171% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -17 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -387% Weak revenue growthRev Chg QQuarterly Revenue Change % is -11% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 28% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -283%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -287% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -228% High stock price volatilityVol 12M is 163% Key risksAIRE key risks include [1] severe financial distress, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -24% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -74% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, Smart Buildings & Proptech, and Crypto & Blockchain. Themes include Travel & Leisure Tech, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -132%, 3Y Excs Rtn is -171% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -17 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -387% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -11% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 28% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -283%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -287% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -228% |
| High stock price volatilityVol 12M is 163% |
| Key risksAIRE key risks include [1] severe financial distress, Show more. |
Qualitative Assessment
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ReAlpha Tech (AIRE) stock has lost about 40% since 5/31/2026 because of the following key factors:
1. Deteriorating Financial Performance in Fiscal Q2 2026.
ReAlpha Tech reported a revenue decline of 11% to $1.11 million for fiscal Q2 2026, which ended June 30, 2026, compared to $1.25 million in the prior year period. The company continued to experience substantial losses, posting a net loss of $3.05 million for fiscal Q2 2026 and $7.39 million for the first half of fiscal 2026. This was accompanied by a significant decrease in cash, which fell from $7.78 million at December 31, 2025, to $2.23 million by June 30, 2026, largely due to $5.48 million in operating cash outflows.
2. Challenging Macroeconomic Headwinds for the Proptech Sector.
The broader real estate technology (proptech) sector faced a challenging environment, marked by a notable decline in venture funding. Global real estate-related startups attracted approximately $8.7 billion in financing in 2026 through the end of August, a substantial decrease from $24 billion in 2019 and $12.3 billion in 2025. Higher interest rates, generally hovering between 6% and 7%, have made real estate a more difficult investment area, leading to fewer deals and increased scrutiny for startups seeking capital.
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ReAlpha Tech (AIRE) stock has lost about 40% since 5/31/2026 because of the following key factors:
1. Deteriorating Financial Performance in Fiscal Q2 2026.
ReAlpha Tech reported a revenue decline of 11% to $1.11 million for fiscal Q2 2026, which ended June 30, 2026, compared to $1.25 million in the prior year period. The company continued to experience substantial losses, posting a net loss of $3.05 million for fiscal Q2 2026 and $7.39 million for the first half of fiscal 2026. This was accompanied by a significant decrease in cash, which fell from $7.78 million at December 31, 2025, to $2.23 million by June 30, 2026, largely due to $5.48 million in operating cash outflows.
2. Challenging Macroeconomic Headwinds for the Proptech Sector.
The broader real estate technology (proptech) sector faced a challenging environment, marked by a notable decline in venture funding. Global real estate-related startups attracted approximately $8.7 billion in financing in 2026 through the end of August, a substantial decrease from $24 billion in 2019 and $12.3 billion in 2025. Higher interest rates, generally hovering between 6% and 7%, have made real estate a more difficult investment area, leading to fewer deals and increased scrutiny for startups seeking capital.
3. Shareholder Dilution and Acquisition-Related Financing.
Shareholders of ReAlpha Tech experienced substantial dilution, with total shares outstanding increasing by 75.6% over the past year. The company recently completed the InstaMortgage acquisition on August 20, 2026, which was partially financed through an exempt offering where $1.5 million in equity was sold, with the potential for an additional $5 million to be sold in shares. This ongoing reliance on equity financing amidst continued losses and cash burn likely contributed to negative investor sentiment.
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Stock Movement Drivers
Fundamental Drivers
The -39.8% change in AIRE stock from 5/31/2026 to 9/7/2026 was primarily driven by a -36.9% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9072026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.49 | 1.50 | -39.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4 | 4 | -3.2% |
| P/S Multiple | 3.0 | 1.9 | -36.9% |
| Shares Outstanding (Mil) | 5 | 5 | -1.4% |
| Cumulative Contribution | -39.8% |
Market Drivers
5/31/2026 to 9/7/2026| Return | Correlation | |
|---|---|---|
| AIRE | -39.8% | |
| Market (SPY) | 1.8% | 24.6% |
| Sector (XLRE) | -0.1% | -12.9% |
Fundamental Drivers
The -81.1% change in AIRE stock from 2/28/2026 to 9/7/2026 was primarily driven by a -70.0% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9072026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.95 | 1.50 | -81.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4 | 4 | 3.4% |
| P/S Multiple | 6.3 | 1.9 | -70.0% |
| Shares Outstanding (Mil) | 3 | 5 | -39.1% |
| Cumulative Contribution | -81.1% |
Market Drivers
2/28/2026 to 9/7/2026| Return | Correlation | |
|---|---|---|
| AIRE | -81.1% | |
| Market (SPY) | 12.6% | 27.2% |
| Sector (XLRE) | 0.9% | -4.7% |
Fundamental Drivers
The -84.6% change in AIRE stock from 8/31/2025 to 9/7/2026 was primarily driven by a -71.3% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9072026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.71 | 1.50 | -84.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3 | 4 | 41.0% |
| P/S Multiple | 6.5 | 1.9 | -71.3% |
| Shares Outstanding (Mil) | 2 | 5 | -61.8% |
| Cumulative Contribution | -84.6% |
Market Drivers
8/31/2025 to 9/7/2026| Return | Correlation | |
|---|---|---|
| AIRE | -84.6% | |
| Market (SPY) | 20.4% | 25.5% |
| Sector (XLRE) | 6.5% | 4.9% |
Fundamental Drivers
nullnull
Market Drivers
8/31/2023 to 9/7/2026| Return | Correlation | |
|---|---|---|
| AIRE | ||
| Market (SPY) | 77.1% | 8.5% |
| Sector (XLRE) | 30.3% | 6.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AIRE Return | - | - | -100% | 45% | -86% | -85% | -100% |
| Peers Return | 33% | -25% | 45% | 16% | 66% | 61% | 351% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| AIRE Win Rate | - | - | 0% | 33% | 25% | 11% | |
| Peers Win Rate | 29% | 32% | 48% | 45% | 42% | 38% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| AIRE Max Drawdown | - | - | - | -70% | -95% | -90% | |
| Peers Max Drawdown | -74% | -79% | -71% | -50% | -49% | -63% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: COMP, OPEN, REAX, FTHM, DOUG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/4/2026 (YTD)
How Low Can It Go
| Event | AIRE | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -17.3% | -7.8% |
| % Gain to Breakeven | 20.9% | 8.5% |
| Time to Breakeven | 33 days | 18 days |
In The Past
ReAlpha Tech's stock fell -17.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 20.9% gain to breakeven.
Preserve Wealth
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In The Past
ReAlpha Tech's stock fell -17.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 20.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About ReAlpha Tech (AIRE)
ReAlpha Tech (symbol: AIRE) is a real estate technology company committed to democratizing access to short-term rental property investments for individual retail investors. The company develops and utilizes an AI-focused technology stack to identify, acquire, and optimize properties with high potential for short-term rental profitability. This approach aims to open up a market segment traditionally dominated by private equity firms, enabling more people to participate in wealth creation through real estate.
The company's core offering revolves around property syndication. Through its subsidiary, Rhove, and the upcoming reAlpha App, it creates limited liability companies (Syndication LLCs) for these AI-identified "Target Properties." Investors, known as Syndicate Members, can then purchase membership interests in these LLCs to gain an ownership stake in the properties. ReAlpha also intends to commercialize its AI-based platform services, offering its property analysis, profitability optimization, and listing generation technologies to other real estate industry customers on a licensing or pay-per-use basis. This dual business model includes a rental business segment focused on purchasing and managing properties intended for syndication, all powered by its proprietary AI.
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Here are 1-3 brief analogies to describe ReAlpha Tech (AIRE):
-
It's like Masterworks, but for AI-selected short-term rental properties.
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Think of it as Fundrise for vacation rentals, supercharged by AI.
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- AI-powered Real Estate Technology Platform: A proprietary technology stack used to identify, analyze, and optimize short-term rental properties for profitability, with future plans for commercial licensing to other real estate customers.
- Short-Term Rental Property Syndication: A service enabling retail investors to acquire ownership stakes in short-term rental properties through the purchase of membership interests in managed Limited Liability Companies.
- Short-Term Rental Property Management and Operations: The acquisition, preparation, listing, and operational management of short-term rental properties identified by the AI platform, forming the basis of their rental business.
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ReAlpha Tech (symbol: AIRE) primarily serves individual investors.
The company's major customer category is:
- Retail Investors / Individual Investors: These are individuals, referred to as "Syndicate Members," who participate in short-term rental property syndications by purchasing membership interests in Limited Liability Companies (LLCs) through ReAlpha's subsidiary, Rhove, via the reAlpha App. The company's mission is specifically to "empower retail investor participation in short-term rental properties" and "democratize access to short-term rental investments" for "the average individual."
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Mike Logozzo, Chief Executive Officer
Mike Logozzo was appointed Chief Executive Officer of reAlpha Tech Corp. in June 2025. Prior to this role, he served as the company's President, Chief Operating Officer, and Chief Financial Officer. Under his leadership, reAlpha has expanded its national presence and enhanced its real estate, mortgage, and title offerings.
Thomas Kutzman, Chief Financial Officer
Thomas Kutzman became Chief Financial Officer of reAlpha Tech Corp. on February 25, 2026. He succeeded Piyush Phadke in this role and is responsible for overseeing the company's financial operations, capital strategy, human resources, and legal functions. Kutzman brings over 12 years of financial markets experience and co-founded Prevu, a digital-first homebuying platform that reAlpha acquired in November 2025. He previously held investment and trading positions at SAC Capital, JPMorgan, Citi, and Jabre Capital Partners. Under Kutzman's leadership, Prevu was recognized on the 2022 Inc. 5000 list of fastest-growing private companies in America.
Giri Devanur, Executive Chairman of the Board
Giri Devanur is the founder of reAlpha Tech Corp. and transitioned from his dual role as Chairman of the Board and CEO to Executive Chairman of the Board in June 2025, when Mike Logozzo was appointed CEO.
Cristol Rippe, Chief Marketing Officer
Cristol Rippe was appointed as Chief Marketing Officer of reAlpha around June 2025, bringing significant fintech and real estate experience to the company.
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Key Risks to the Business:
- Reliance on Undeveloped or Unproven Technology: ReAlpha Tech's core business model, including both its platform services and the operational efficiency of its rental business, heavily depends on the successful development, utilization, and commercialization of its artificial intelligence-focused technology stack and the reAlpha App. The company explicitly states that some of its technologies will be available for commercial use "once our technologies are fully developed and ready to be commercialized," and that it is "currently working on the reAlpha App." This indicates that key technological components underpinning future revenue streams and operational scalability are not yet fully realized or proven in the market.
- Market and Regulatory Risks in Short-Term Rentals and Real Estate Syndication: The company's business is exposed to the inherent volatility and regulatory landscape of the short-term rental and broader real estate markets. This includes potential fluctuations in property values, changes in demand for short-term rentals, and evolving local, state, and federal regulations that could restrict or impact the profitability of short-term rental properties. Furthermore, the syndication model relies on attracting investors through exempt offerings (Regulation A or Regulation D), making the company susceptible to changes in securities regulations or challenges in attracting sufficient investment. The absence of a developed secondary trading market for equity interests in its Syndication LLCs could also deter potential investors due to liquidity concerns.
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The increasing regulatory scrutiny and imposition of restrictions on short-term rental properties by local and national governments represents a clear emerging threat. ReAlpha Tech's business model is fundamentally reliant on the identification, acquisition, and optimization of short-term rental properties for syndication, and their profitability. A tightening regulatory environment, including new licensing requirements, operational restrictions, increased taxation, or outright bans in certain areas, directly diminishes the pool of viable "Target Properties" and erodes the profitability potential of these assets. This external shift in the operating landscape for short-term rentals could severely undermine the core economic premise of ReAlpha's offerings, making it difficult to source profitable properties and attract investors.
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ReAlpha Tech (symbol: AIRE) operates in two primary segments, each addressing significant market opportunities: platform services and a rental business focused on short-term rental property syndication.
Platform Services (AI in Real Estate Technology)
The global market for Artificial Intelligence (AI) in Real Estate is experiencing substantial growth. In 2025, this market was valued at approximately USD 301.58 billion, with projections indicating a rise to USD 404.9 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 34.3%. Another estimate places the global AI in Real Estate Market size at USD 402.19 billion in 2025, with an expected increase to nearly USD 3286.78 billion by 2032, growing at a CAGR of 30% from 2025. Earlier figures show the global AI in real estate market valued at around USD 163 billion in 2022, surging to approximately USD 226 billion in 2023.
Rental Business (Short-Term Rental Property Syndication)
ReAlpha's rental business focuses on purchasing properties for syndication, particularly for short-term rentals. This involves two interconnected markets:
Short-Term Rental Market
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Global: The global short-term rental market was estimated at USD 140.08 billion in 2025 and is projected to reach USD 408.63 billion by 2035, growing at a CAGR of 11.3% between 2026 and 2035. Another report estimates the global market size at USD 149.20 billion in 2025, with a projected growth to USD 362.41 billion by 2033 at an 11.8% CAGR.
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U.S.: The U.S. short-term rental market was estimated at USD 68.64 billion in 2024 and is projected to grow to USD 102.86 billion by 2030, with a CAGR of 7.4% from 2025 to 2030. Other estimates indicate the U.S. market size was USD 63.57 billion in 2023 and is expected to reach USD 128.30 billion by 2033, growing at a CAGR of 7.27%. The U.S. short-term vacation rental market is also expected to be worth USD 68.86 billion in 2024, with projections to reach USD 144.05 billion by 2034.
Real Estate Syndication Market
The real estate syndication market, which involves pooling capital from investors to collectively purchase and manage properties, has shown significant growth. This market increased from USD 19.6 billion in 2012 to over USD 50 billion in 2023. This growth reflects an increasing trend of investors seeking to participate in larger real estate opportunities without direct property ownership.
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- Expansion of Mortgage and Real Estate Brokerage Services: A significant driver of revenue growth is expected from increased mortgage brokerage transactions. This includes contributions from its existing reAlpha Mortgage operations and the strategic acquisition of Prevu in November 2025. Furthermore, the planned acquisition of InstaMortgage by early second quarter 2026 is projected to further enhance the company's mortgage lending capabilities and significantly contribute to revenue.
- Commercialization and Adoption of AI-Powered Technologies: ReAlpha Tech expects revenue growth from subscription fees generated by its AI conversational technologies, such as AiChat. The company is also focused on developing and commercializing its broader AI-focused technology stack, including AI-powered tools like the "Claire AI concierge" for homebuyer guidance and AI loan officer assistants for internal efficiency, which are intended to be available for commercial use by other customers on a licensing fee or pay-per-use basis.
- Geographic Expansion: The company is actively expanding its licensed footprint across various U.S. jurisdictions for its realty, mortgage, and title services. Management aims to synchronize service availability across at least 30 states, which is expected to broaden its market reach and drive increased transaction volumes, thereby contributing to revenue growth.
- Growth in Property Syndications: ReAlpha Tech's business model includes the syndication of short-term rental properties to retail investors through its subsidiary, Rhove, and facilitated by the reAlpha App. While the company has strategically shifted to an integrated homebuying platform, its rental business segment, focused on purchasing properties for syndication, remains a component for generating revenue.
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Capital Allocation Decisions for ReAlpha Tech (Symbol: AIRE)
Share Issuance
- As of March 12, 2026, ReAlpha Tech had 131,852,546 common shares outstanding.
- The company has relied on issuing new stock to raise capital, including an $11 million issuance in one period, to address operating shortfalls.
- Specific offerings include a $5 million registered direct offering of common stock and a $2 million public offering with warrants.
Outbound Investments
- ReAlpha Tech has engaged in multiple acquisitions to support its growth, including the acquisition of Prevu.
- The company entered into a definitive agreement to acquire InstaMortgage to expand its direct lending capabilities.
Capital Expenditures
- In the most recent 12-month period, ReAlpha Tech reported capital expenditures of approximately $36,356.
- The primary focus of capital expenditures includes acquiring properties for syndication and developing its AI-focused technology stack.
Peer Outperformance in Real Estate Services
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care REITs | 14 | 19.5% | 60.3% | 61.2% | WELL 210% · DHC 124% · CTRE 124% |
| Retail REITs | 22 | 11.3% | 38.8% | 36.2% | IVT 1599% · SKT 171% · SPG 105% |
| Real Estate Development | 6 | -9.2% | 15.2% | 21.3% | JOE 55% · FOR 39% · AXR 39% |
| Other Specialized REITs | 11 | 5.3% | 22.4% | 17.1% | IRM 193% · OUT 70% · LAMR 69% |
| Hotel & Resort REITs | 16 | 28.6% | 26.1% | 3.9% | RHP 83% · HST 73% · DRH 57% |
| Industrial REITs | 11 | 15.0% | 18.8% | 3.7% | FR 28% · EGP 27% · PLD 15% |
| Diversified REITs | 12 | 9.7% | 29.3% | -6.5% | CTO 73% · WPC 20% · EPRT 13% |
| Multi-Family Residential REITs | 13 | -4.9% | 6.5% | -18.7% | AIV 16% · ESS 1% · VMRK -5% |
| Single-Family Residential REITs | 4 | -2.0% | 2.2% | -19.0% | AMH -11% · ELS -18% · INVH -20% |
| Real Estate Services ← | 27 | -16.9% | -7.8% | -25.7% | REAX 853% · MDRR 587% · CHCI 287% |
| Office REITs | 18 | -7.3% | 19.1% | -28.2% | PSTL 64% · CDP 52% · SLG 9% |
| Telecom Tower REITs | 3 | -7.9% | -7.1% | -44.1% | AMT -32% · SBAC -44% · CCI -51% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 2.48 |
| Mkt Cap | 0.3 |
| Rev LTM | 1,623 |
| Op Inc LTM | -23 |
| FCF LTM | -14 |
| FCF 3Y Avg | -11 |
| CFO LTM | -13 |
| CFO 3Y Avg | -10 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 21.4% |
| Rev Chg 3Y Avg | 17.2% |
| Rev Chg Q | -0.6% |
| QoQ Delta Rev Chg LTM | -0.2% |
| Op Inc Chg LTM | -16.2% |
| Op Inc Chg 3Y Avg | 7.1% |
| Op Mgn LTM | -4.4% |
| Op Mgn 3Y Avg | -4.9% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | -2.5% |
| CFO/Rev 3Y Avg | -2.5% |
| FCF/Rev LTM | -2.9% |
| FCF/Rev 3Y Avg | -3.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Homebuying Services | 3 | 1 | ||
| Technology services | 1 | 0 | 0 | |
| Rental Income | 0 | |||
| Total | 5 | 1 | 0 | 0 |
| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Technology services | -0 | -0 | 0 |
| M&A-related expenses | -0 | -1 | |
| Intangible amortization expense | -1 | -0 | |
| Homebuying Services | -1 | -0 | |
| Corporate expense | -15 | -5 | |
| Rental business | -5 | ||
| Total | -16 | -7 | -5 |
| $ Mil | 2023 |
|---|---|
| Rental business | -5 |
| Technology services | 0 |
| Total | -5 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Corporate | 21 | 11 |
| Technology services | 0 | 0 |
| Homebuying Services | 0 | 0 |
| Total | 22 | 12 |
Price Behavior
| Market Price | $1.50 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 10/23/2023 | |
| Distance from 52W High | -95.9% | |
| 50 Days | 200 Days | |
| DMA Price | $1.59 | $6.01 |
| DMA Trend | down | down |
| Distance from DMA | -5.6% | -75.0% |
| 3M | 1YR | |
| Volatility | 94.6% | 162.5% |
| Downside Capture | 295.84 | 484.81 |
| Upside Capture | 83.12 | 164.53 |
| Correlation (SPY) | 16.5% | 25.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.71 | 2.63 | 1.65 | 2.03 | 3.18 | -0.13 |
| Up Beta | 2.90 | 5.47 | 3.05 | 1.35 | 2.32 | -0.14 |
| Down Beta | 4.37 | -2.51 | -0.50 | 0.29 | 4.52 | 0.36 |
| Up Capture | 488% | 180% | 95% | 78% | 193% | -4% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 11 | 17 | 26 | 53 | 106 | 290 |
| Down Capture | 347% | 376% | 268% | 281% | 194% | 113% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 9 | 24 | 35 | 70 | 141 | 407 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIRE | |
|---|---|---|---|---|
| AIRE | -84.4% | 162.9% | -0.44 | - |
| Sector ETF (XLRE) | 7.9% | 14.0% | 0.31 | 5.0% |
| Equity (SPY) | 19.7% | 12.8% | 1.13 | 25.8% |
| Gold (GLD) | 24.6% | 29.2% | 0.75 | -0.7% |
| Commodities (DBC) | 43.8% | 20.3% | 1.67 | -3.8% |
| Real Estate (VNQ) | 9.1% | 13.6% | 0.39 | 6.6% |
| Bitcoin (BTCUSD) | -28.1% | 43.8% | -0.63 | 23.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIRE | |
|---|---|---|---|---|
| AIRE | -82.9% | 288.8% | -0.20 | - |
| Sector ETF (XLRE) | 1.9% | 19.2% | -0.00 | 6.2% |
| Equity (SPY) | 12.8% | 17.2% | 0.57 | 8.5% |
| Gold (GLD) | 19.1% | 18.8% | 0.82 | 3.7% |
| Commodities (DBC) | 10.7% | 19.5% | 0.43 | -1.5% |
| Real Estate (VNQ) | 1.7% | 18.9% | -0.01 | 6.9% |
| Bitcoin (BTCUSD) | 10.2% | 52.6% | 0.38 | 3.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIRE | |
|---|---|---|---|---|
| AIRE | -58.6% | 288.8% | -0.20 | - |
| Sector ETF (XLRE) | 6.2% | 20.4% | 0.26 | 6.2% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 8.5% |
| Gold (GLD) | 12.4% | 16.3% | 0.62 | 3.7% |
| Commodities (DBC) | 7.9% | 18.1% | 0.35 | -1.5% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 6.9% |
| Bitcoin (BTCUSD) | 63.7% | 66.2% | 1.03 | 3.3% |
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Returns Analyses
Earnings Returns History
Updated 8/25/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/14/2026 | -9.8% | -3.1% | |
| 4/28/2026 | -33.5% | -51.1% | -67.0% |
| 3/12/2026 | 0.0% | 7.3% | -18.7% |
| 11/12/2025 | 2.7% | -18.4% | -11.7% |
| 8/14/2025 | 1.7% | -5.3% | 304.6% |
| 5/16/2025 | -17.3% | -24.3% | -38.4% |
| 11/12/2024 | 6.0% | -2.0% | 16.0% |
| 8/15/2024 | -3.5% | 2.7% | 9.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 4 | 3 | 4 |
| # Negative | 5 | 6 | 4 |
| Median Positive | 2.2% | 7.3% | 23.1% |
| Median Negative | -14.7% | -11.8% | -28.5% |
| Max Positive | 6.0% | 54.6% | 304.6% |
| Max Negative | -33.5% | -51.1% | -67.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/14/2026 | -9.8% | -3.1% | |
| 4/28/2026 | -33.5% | -51.1% | -67.0% |
| 3/12/2026 | 0.0% | 7.3% | -18.7% |
| 11/12/2025 | 2.7% | -18.4% | -11.7% |
| 8/14/2025 | 1.7% | -5.3% | 304.6% |
| 5/16/2025 | -17.3% | -24.3% | -38.4% |
| 11/12/2024 | 6.0% | -2.0% | 16.0% |
| 8/15/2024 | -3.5% | 2.7% | 9.7% |
| 4/19/2024 | -14.7% | 54.6% | 30.1% |
| SUMMARY STATS | |||
| # Positive | 4 | 3 | 4 |
| # Negative | 5 | 6 | 4 |
| Median Positive | 2.2% | 7.3% | 23.1% |
| Median Negative | -14.7% | -11.8% | -28.5% |
| Max Positive | 6.0% | 54.6% | 304.6% |
| Max Negative | -33.5% | -51.1% | -67.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 03/31/2026 | 04/28/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/16/2025 | 10-Q |
| 12/31/2024 | 04/02/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 04/19/2024 | 10-Q |
| 12/31/2023 | 03/12/2024 | 10-KT |
| 10/31/2023 | 12/18/2023 | 10-Q |
| 07/31/2023 | 09/12/2023 | S-11/A |
| 04/30/2023 | 08/08/2023 | S-11 |
| 01/31/2023 | 05/26/2023 | S-1/A |
| 04/30/2022 | 04/18/2023 | S-1 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 03/31/2026 | 04/28/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/16/2025 | 10-Q |
| 12/31/2024 | 04/02/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 04/19/2024 | 10-Q |
| 12/31/2023 | 03/12/2024 | 10-KT |
| 10/31/2023 | 12/18/2023 | 10-Q |
| 07/31/2023 | 09/12/2023 | S-11/A |
| 04/30/2023 | 08/08/2023 | S-11 |
| 01/31/2023 | 05/26/2023 | S-1/A |
| 04/30/2022 | 04/18/2023 | S-1 |
Industry Resources
| Real Estate Resources |
| The Real Deal |
| Commercial Observer |
| Inman |
| Real Estate Services Resources |
| CBRE Research |
| JLL Trends & Insights |
| Cushman & Wakefield Insights |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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