New Concept Energy (GBR)
Market Price (7/26/2026): $0.718 | Market Cap: $3.7 MilSector: Real Estate | Industry: Real Estate Services
New Concept Energy (GBR)
Market Price (7/26/2026): $0.718Market Cap: $3.7 MilSector: Real EstateIndustry: Real Estate Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US LNG, and US Oilfield Technologies. | Weak multi-year price returns2Y Excs Rtn is -89%, 3Y Excs Rtn is -98% | Penny stockMkt Price is 0.7 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -162% Expensive valuation multiplesP/SPrice/Sales ratio is 24x Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.9% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -9.6%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.6% 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 -5.4% Key risksGBR key risks include [1] an overwhelming dependence on the recovery of a single, Show more. |
| Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US LNG, and US Oilfield Technologies. |
| Weak multi-year price returns2Y Excs Rtn is -89%, 3Y Excs Rtn is -98% |
| Penny stockMkt Price is 0.7 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -162% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 24x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.9% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -9.6%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.6% |
| 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 -5.4% |
| Key risksGBR key risks include [1] an overwhelming dependence on the recovery of a single, Show more. |
Qualitative Assessment
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New Concept Energy (GBR) stock has lost about 10% since 3/31/2026 because of the following key factors:
1. Continued Net Losses and Minimal Revenue.
New Concept Energy reported a net loss of $14,000 for fiscal Q1 2026 (ended March 31, 2026), an improvement from a $20,000 net loss in Q1 2025. However, the company's total revenue for fiscal Q1 2026 remained very low at $39,000 (comprising $26,000 in rental income and $13,000 in management fees), highlighting its limited operational scale and ongoing unprofitability.
2. Proposed Share Dilution.
On April 14, 2026, New Concept Energy announced a proposed sale of up to 2,000,000 common shares to Realty Advisors, Inc. at a minimum price of $1.00 per share. This transaction, subject to shareholder and NYSE American approval, could increase outstanding shares by 20% or more, posing a significant dilution risk for existing shareholders.
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New Concept Energy (GBR) stock has lost about 10% since 3/31/2026 because of the following key factors:
1. Continued Net Losses and Minimal Revenue.
New Concept Energy reported a net loss of $14,000 for fiscal Q1 2026 (ended March 31, 2026), an improvement from a $20,000 net loss in Q1 2025. However, the company's total revenue for fiscal Q1 2026 remained very low at $39,000 (comprising $26,000 in rental income and $13,000 in management fees), highlighting its limited operational scale and ongoing unprofitability.
2. Proposed Share Dilution.
On April 14, 2026, New Concept Energy announced a proposed sale of up to 2,000,000 common shares to Realty Advisors, Inc. at a minimum price of $1.00 per share. This transaction, subject to shareholder and NYSE American approval, could increase outstanding shares by 20% or more, posing a significant dilution risk for existing shareholders.
3. Significant Insider Selling.
Over the past year, insiders engaged in substantial open-market selling of New Concept Energy stock, with high-impact transactions totaling $20.4 million. This considerable volume of insider selling indicates a lack of confidence from key company executives.
4. Declining Crude Oil Prices.
While the energy sector generally experienced strong earnings growth in fiscal Q2 2026 due to higher average oil prices, crude oil prices saw a sharp reversal and decline towards the end of Q2 2026 and into July 2026. Brent crude, for example, fell by 38.4% over fiscal Q2 2026, with prices like West Texas Intermediate (WTI) dropping to around $70 per barrel by late June 2026 from an early April peak of over $100. This decline was primarily attributed to a US-Iran ceasefire framework reopening the Strait of Hormuz and increased OPEC+ supply, which likely negatively impacted GBR given its revenue includes management fees from a third-party oil and gas company.
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Stock Movement Drivers
Fundamental Drivers
The -11.5% change in GBR stock from 3/31/2026 to 7/25/2026 was primarily driven by a -12.0% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.81 | 0.72 | -11.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.6% |
| P/S Multiple | 26.8 | 23.6 | -12.0% |
| Shares Outstanding (Mil) | 5 | 5 | 0.0% |
| Cumulative Contribution | -11.5% |
Market Drivers
3/31/2026 to 7/25/2026| Return | Correlation | |
|---|---|---|
| GBR | -11.5% | |
| Market (SPY) | 13.6% | -44.8% |
| Sector (XLRE) | 12.5% | -5.2% |
Fundamental Drivers
The -3.9% change in GBR stock from 12/31/2025 to 7/25/2026 was primarily driven by a -5.7% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.75 | 0.72 | -3.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 2.0% |
| P/S Multiple | 25.1 | 23.6 | -5.7% |
| Shares Outstanding (Mil) | 5 | 5 | 0.0% |
| Cumulative Contribution | -3.9% |
Market Drivers
12/31/2025 to 7/25/2026| Return | Correlation | |
|---|---|---|
| GBR | -3.9% | |
| Market (SPY) | 8.7% | -22.4% |
| Sector (XLRE) | 14.6% | -10.5% |
Fundamental Drivers
The -36.2% change in GBR stock from 6/30/2025 to 7/25/2026 was primarily driven by a -39.5% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.12 | 0.72 | -36.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 5.4% |
| P/S Multiple | 39.0 | 23.6 | -39.5% |
| Shares Outstanding (Mil) | 5 | 5 | 0.0% |
| Cumulative Contribution | -36.2% |
Market Drivers
6/30/2025 to 7/25/2026| Return | Correlation | |
|---|---|---|
| GBR | -36.2% | |
| Market (SPY) | 20.6% | -8.5% |
| Sector (XLRE) | 13.8% | -1.7% |
Fundamental Drivers
The -41.1% change in GBR stock from 6/30/2023 to 7/25/2026 was primarily driven by a -26.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302023 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.22 | 0.72 | -41.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | -26.4% |
| P/S Multiple | 29.5 | 23.6 | -20.0% |
| Shares Outstanding (Mil) | 5 | 5 | 0.0% |
| Cumulative Contribution | -41.1% |
Market Drivers
6/30/2023 to 7/25/2026| Return | Correlation | |
|---|---|---|
| GBR | -41.1% | |
| Market (SPY) | 72.6% | 1.6% |
| Sector (XLRE) | 33.9% | 0.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GBR Return | 23% | -54% | -8% | 16% | -36% | -4% | -63% |
| Peers Return | 77% | 70% | -28% | 20% | -25% | 11% | 118% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| GBR Win Rate | 33% | 42% | 42% | 50% | 25% | 57% | |
| Peers Win Rate | 50% | 56% | 31% | 54% | 42% | 54% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| GBR Max Drawdown | -91% | -80% | -37% | -39% | -58% | -43% | |
| Peers Max Drawdown | -55% | -44% | -39% | -37% | -52% | -49% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BRN, TPL, AMPY, PED.
[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 7/24/2026 (YTD)
How Low Can It Go
| Event | GBR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -41.3% | -18.8% |
| % Gain to Breakeven | 70.3% | 23.1% |
| Time to Breakeven | 44 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -28.6% | -7.8% |
| % Gain to Breakeven | 40.1% | 8.5% |
| Time to Breakeven | 312 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.1% | -9.5% |
| % Gain to Breakeven | 15.1% | 10.5% |
| Time to Breakeven | 113 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -34.1% | -6.7% |
| % Gain to Breakeven | 51.6% | 7.1% |
| Time to Breakeven | 324 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.9% | -33.7% |
| % Gain to Breakeven | 81.4% | 50.9% |
| Time to Breakeven | 16 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -46.1% | -19.2% |
| % Gain to Breakeven | 85.6% | 23.8% |
| Time to Breakeven | 762 days | 105 days |
In The Past
New Concept Energy's stock fell -41.3% during the 2025 US Tariff Shock. Such a loss loss requires a 70.3% gain to breakeven.
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| Event | GBR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -41.3% | -18.8% |
| % Gain to Breakeven | 70.3% | 23.1% |
| Time to Breakeven | 44 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -28.6% | -7.8% |
| % Gain to Breakeven | 40.1% | 8.5% |
| Time to Breakeven | 312 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -34.1% | -6.7% |
| % Gain to Breakeven | 51.6% | 7.1% |
| Time to Breakeven | 324 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.9% | -33.7% |
| % Gain to Breakeven | 81.4% | 50.9% |
| Time to Breakeven | 16 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -46.1% | -19.2% |
| % Gain to Breakeven | 85.6% | 23.8% |
| Time to Breakeven | 762 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -70.9% | -3.7% |
| % Gain to Breakeven | 243.1% | 3.9% |
| Time to Breakeven | 463 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -54.7% | -12.2% |
| % Gain to Breakeven | 121.0% | 13.9% |
| Time to Breakeven | 106 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -65.5% | -6.8% |
| % Gain to Breakeven | 189.9% | 7.3% |
| Time to Breakeven | 127 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -20.6% | -17.9% |
| % Gain to Breakeven | 25.9% | 21.8% |
| Time to Breakeven | 25 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -30.7% | -15.4% |
| % Gain to Breakeven | 44.3% | 18.2% |
| Time to Breakeven | 74 days | 125 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -29.3% | -8.6% |
| % Gain to Breakeven | 41.4% | 9.5% |
| Time to Breakeven | 236 days | 47 days |
In The Past
New Concept Energy's stock fell -41.3% during the 2025 US Tariff Shock. Such a loss loss requires a 70.3% 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 New Concept Energy (GBR)
New Concept Energy, Inc. (GBR) is a company with a dual business model, engaging in both real estate rental and providing advisory and management services within the energy sector. Founded in 1978 and based in Dallas, Texas, the company seeks to generate revenue from these two distinct areas of operation.
The real estate component of GBR's business involves the ownership and rental of approximately 190 acres of land. This property is strategically located in Parkersburg, West Virginia. Through this segment, New Concept Energy serves tenants interested in utilizing or developing real estate within that specific geographic area.
Complementing its real estate activities, GBR also offers specialized advisory and management services. These services are provided to an independent oil and gas company, indicating a focus on leveraging expertise within the energy industry. This segment targets the operational and strategic needs of businesses in the oil and gas sector.
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- Real Estate Rental: The company engages in the business of renting out its owned land, specifically approximately 190 acres located in Parkersburg, West Virginia.
- Advisory and Management Services: New Concept Energy provides consulting and operational oversight services to independent oil and gas companies.
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Gene S. Bertcher, CPA, Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer, and Treasurer
Mr. Bertcher was elected President and Chief Financial Officer of New Concept Energy, Inc. effective November 1, 2004, and Chairman and Chief Executive Officer in December 2006. He has served as Chief Financial Officer and Treasurer of the company since November 1989 and Executive Vice President from November 1989 until his election as President. Additionally, Mr. Bertcher was Executive Vice-President and Chief Financial Officer of American Realty Investors, Inc. until June 30, 2019, and has been Executive Vice President and Chief Financial Officer of Pillar Income Asset Management, Inc. since April 30, 2011. He has been a certified public accountant since 1973.
Dan Locklear, Independent Presiding Director
Mr. Locklear has served as Chief Financial Officer of Sunridge Management Group, a real estate management company, for over five years. His previous experience includes employment with Johnstown Management Company, Inc. and Trammel Crow Company. Mr. Locklear has been a certified public accountant since 1981 and a licensed real estate broker in Texas since 1978. He is also recognized as an "audit committee financial expert."
Richard Humphrey, Independent Director
Mr. Humphrey serves as an Independent Director for New Concept Energy, Inc. He was appointed to the Board of Directors in November 2025.
Cecilia Maynard, Independent Director
Ms. Maynard serves as an Independent Director for New Concept Energy, Inc.
Robert Canham, Independent Director
Mr. Canham serves as an Independent Director for New Concept Energy, Inc.
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The key risks to New Concept Energy (GBR) primarily stem from its highly concentrated asset base, limited operational profitability, and indirect exposure to the volatile energy sector.
- Heavy Reliance on a Single Related-Party Note Receivable: New Concept Energy's financial stability significantly depends on the recoverability of a single, large related-party note receivable. As of September 30, 2025, this note constituted approximately 78% of the company's total assets and was its largest single source of cash flow, primarily through interest income. The note is due in September 2027, and its successful repayment is crucial for the company's financial viability.
- Structurally Unprofitable Core Operations: The company's ongoing operations are characterized by limited revenue generation that struggles to cover administrative expenses. For the first nine months of 2025, New Concept Energy reported total revenue of $117,000, while corporate general and administrative expenses amounted to $262,000, resulting in a net loss. Its revenue streams are predominantly from fixed rental income from its West Virginia properties and interest from the aforementioned related-party note.
- Indirect Exposure to Oil and Gas Market Volatility: While New Concept Energy sold its direct oil and gas operations in August 2020, it continues to provide advisory and management services to an independent oil and gas company for a fee that is 10% of the gross revenue of those operations. This means its fee income is indirectly tied to the performance and revenue of this oil and gas entity, which operates in a highly competitive and capital-intensive industry susceptible to significant fluctuations in oil and gas prices.
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New Concept Energy (symbol: GBR) operates in two main business segments: real estate rental and advisory and management services for independent oil and gas companies.
Addressable Markets:
- Real Estate Rental Business: Null
- Advisory and Management Services for Independent Oil and Gas Companies:
While New Concept Energy owns approximately 190 acres of land in Parkersburg, West Virginia, a specific addressable market size for land rental in this region cannot be definitively determined from available data. Information regarding average rental prices and commercial real estate listings in Parkersburg, WV, is available; however, a comprehensive market size valuation for land rental is not.
The addressable market for advisory and management services for independent oil and gas companies falls under the broader categories of oil and gas consulting and engineering services.
The US oil and gas engineering services market was estimated at USD 13.31 billion in 2024 and is projected to grow to USD 21.61 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 4% during the forecast period 2025-2035. North America currently holds the largest share of the global oil and gas engineering services market, accounting for approximately 40% of the market. The global oil and gas consulting services market size was valued at approximately USD 11.5 billion in 2023 and is projected to reach around USD 18.3 billion by 2032.
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New Concept Energy (GBR) generates revenue primarily through its real estate rental business and management fees from an independent oil and gas company. While the company does not provide forward guidance on its financial performance, potential drivers of future revenue growth over the next 2-3 years can be identified based on its existing business segments.
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Increases in Oil and Gas Prices: New Concept Energy receives management fees that are calculated as a percentage of the oil and gas revenue generated by a third-party company it advises. Historically, a decline in oil and gas prices has led to a decrease in these management fees. Therefore, a recovery or increase in crude oil and natural gas prices could directly lead to higher management fee revenue for New Concept Energy.
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Increased Production or Revenue from the Managed Oil and Gas Company: Beyond commodity prices, any increase in the underlying production volume or overall revenue of the independent oil and gas company that New Concept Energy provides advisory and management services to would result in higher management fees for GBR, given its percentage-based fee structure.
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Expansion of Real Estate Lease Agreements: New Concept Energy owns approximately 190 acres of land and four structures totaling about 53,000 square feet in Parkersburg, West Virginia. A portion of this property generates a stable, contracted annual rental income of approximately $104,000 through October 1, 2029. Should New Concept Energy secure new tenants or additional lease agreements for currently unutilized portions of its owned land or building space, this could contribute to an increase in its real estate rental revenue.
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Share Repurchases
- On July 24, 2025, the Board of Directors authorized a stock repurchase program to acquire up to 52,778 shares, representing 5% of the company's then issued and outstanding common stock.
Share Issuance
- New Concept Energy has not reported any significant share issuances over the last 3-5 years, with common shares outstanding consistently remaining at 5,131,934 shares from December 31, 2021, through November 11, 2025.
Inbound Investments
- No information is available regarding large inbound investments made in New Concept Energy by third-parties over the last 3-5 years.
Outbound Investments
- No information is available regarding strategic outbound investments made by New Concept Energy in other companies over the last 3-5 years.
Capital Expenditures
- New Concept Energy's primary operations involve real estate rental and management services for an independent oil and gas company, owning approximately 190-191 acres of land and structures in West Virginia.
- The company's financial statements do not indicate significant capital expenditures for property, plant, and equipment additions for the period from 2021 through the first quarter of 2025.
- Depreciation, depletion, and amortization were minimal, reported as $3,000 for the three months ended March 31, 2025, and March 31, 2024, suggesting limited capital asset additions.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| New Concept Energy Earnings Notes | 12/16/2025 | |
| Is New Concept Energy Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 3.94 |
| Mkt Cap | 0.1 |
| Rev LTM | 77 |
| Op Inc LTM | -2 |
| FCF LTM | -0 |
| FCF 3Y Avg | -0 |
| CFO LTM | 15 |
| CFO 3Y Avg | 19 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.4% |
| Rev Chg 3Y Avg | -7.9% |
| Rev Chg Q | 2.6% |
| QoQ Delta Rev Chg LTM | 0.6% |
| Op Inc Chg LTM | -99.9% |
| Op Inc Chg 3Y Avg | -28.1% |
| Op Mgn LTM | -5.7% |
| Op Mgn 3Y Avg | 6.7% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 12.3% |
| CFO/Rev 3Y Avg | 18.5% |
| FCF/Rev LTM | -9.6% |
| FCF/Rev 3Y Avg | -6.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Current Operations | 0 | 0 | 0 | 0 | 0 |
| Corporate | 0 | 0 | 0 | ||
| Total | 0 | 0 | 0 | 0 | 0 |
| $ Mil | 2018 | 2017 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|
| Oil and Gas Operations | -0 | -3 | |||
| Corporate | -0 | -0 | 1 | -1 | 1 |
| Adjustment | -1 | -1 | |||
| Oil and Gas | -4 | -0 | -1 | ||
| Retirement Facility | 0 | 0 | 0 | ||
| Total | -1 | -3 | -4 | -1 | -1 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Current Operations | 0 | 0 | 0 | 0 | 0 |
| Corporate | -0 | -0 | -0 | 0 | 0 |
| Total | -0 | -0 | -0 | 0 | 0 |
| $ Mil | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| Corporate | 4 | 0 | 0 | 1 | 1 |
| Oil and Gas Operations | 4 | 4 | 7 | ||
| Discontinued Operations Retirement Facility | 0 | ||||
| Oil and Gas | 7 | 11 | |||
| Retirement Facility | 0 | 0 | |||
| Total | 8 | 4 | 7 | 9 | 12 |
Price Behavior
| Market Price | $0.72 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 03/26/1993 | |
| Distance from 52W High | -40.9% | |
| 50 Days | 200 Days | |
| DMA Price | $0.73 | $0.81 |
| DMA Trend | down | down |
| Distance from DMA | -2.3% | -11.3% |
| 3M | 1YR | |
| Volatility | 55.5% | 82.4% |
| Downside Capture | -283.46 | -8.14 |
| Upside Capture | -286.67 | -42.30 |
| Correlation (SPY) | -52.1% | -9.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.84 | -1.91 | -1.83 | -1.20 | -0.41 | 0.11 |
| Up Beta | -1.93 | -1.80 | -2.13 | -2.89 | -1.77 | 0.22 |
| Down Beta | -0.94 | -0.92 | -1.17 | -1.07 | -0.30 | 0.28 |
| Up Capture | -243% | -198% | -109% | -41% | -12% | -2% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 8 | 17 | 27 | 57 | 108 | 323 |
| Down Capture | -175% | -246% | -257% | -65% | 49% | 21% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 13 | 24 | 36 | 66 | 138 | 383 |
[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 GBR | |
|---|---|---|---|---|
| GBR | -27.6% | 82.1% | -0.06 | - |
| Sector ETF (XLRE) | 10.0% | 14.3% | 0.44 | -3.1% |
| Equity (SPY) | 17.6% | 12.7% | 1.00 | -9.1% |
| Gold (GLD) | 19.2% | 28.1% | 0.61 | -1.6% |
| Commodities (DBC) | 34.7% | 19.1% | 1.42 | 21.1% |
| Real Estate (VNQ) | 13.8% | 14.1% | 0.69 | -4.3% |
| Bitcoin (BTCUSD) | -46.2% | 42.9% | -1.32 | 2.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GBR | |
|---|---|---|---|---|
| GBR | -29.8% | 81.7% | -0.09 | - |
| Sector ETF (XLRE) | 3.1% | 19.2% | 0.06 | 6.8% |
| Equity (SPY) | 12.8% | 17.1% | 0.58 | 9.8% |
| Gold (GLD) | 17.0% | 18.4% | 0.75 | 5.9% |
| Commodities (DBC) | 9.6% | 19.5% | 0.38 | 26.8% |
| Real Estate (VNQ) | 3.0% | 18.9% | 0.06 | 7.1% |
| Bitcoin (BTCUSD) | 15.3% | 53.4% | 0.47 | 1.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GBR | |
|---|---|---|---|---|
| GBR | -9.4% | 330.9% | 0.40 | - |
| Sector ETF (XLRE) | 6.5% | 20.4% | 0.27 | 2.9% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 5.3% |
| Gold (GLD) | 11.3% | 16.1% | 0.57 | 0.7% |
| Commodities (DBC) | 7.2% | 17.9% | 0.32 | 6.7% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 3.7% |
| Bitcoin (BTCUSD) | 58.1% | 66.2% | 0.98 | 5.1% |
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Returns Analyses
Earnings Returns History
Updated 6/12/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/11/2026 | 1.6% | 2.8% | 5.0% |
| 11/17/2025 | -3.6% | -2.3% | 0.6% |
| 8/15/2025 | 5.7% | -9.6% | 19.6% |
| 5/21/2025 | -4.4% | 0.8% | 52.2% |
| 3/27/2025 | -2.2% | -18.1% | -19.3% |
| 11/15/2024 | 0.0% | 3.8% | -3.8% |
| 8/20/2024 | 0.8% | -3.0% | -10.6% |
| 5/17/2024 | -3.1% | 1.5% | 11.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 7 | 7 |
| # Negative | 7 | 7 | 7 |
| Median Positive | 0.8% | 2.8% | 9.7% |
| Median Negative | -3.6% | -8.2% | -7.1% |
| Max Positive | 5.7% | 6.1% | 52.2% |
| Max Negative | -7.5% | -18.1% | -19.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/11/2026 | 1.6% | 2.8% | 5.0% |
| 11/17/2025 | -3.6% | -2.3% | 0.6% |
| 8/15/2025 | 5.7% | -9.6% | 19.6% |
| 5/21/2025 | -4.4% | 0.8% | 52.2% |
| 3/27/2025 | -2.2% | -18.1% | -19.3% |
| 11/15/2024 | 0.0% | 3.8% | -3.8% |
| 8/20/2024 | 0.8% | -3.0% | -10.6% |
| 5/17/2024 | -3.1% | 1.5% | 11.5% |
| 11/28/2023 | 2.4% | 2.4% | -2.9% |
| 8/9/2023 | -4.5% | -8.2% | 9.1% |
| 5/19/2023 | 0.0% | -5.8% | 9.7% |
| 4/3/2023 | -7.5% | -17.8% | -17.8% |
| 11/15/2022 | -0.8% | 5.6% | -7.1% |
| 8/15/2022 | 0.7% | 6.1% | -2.0% |
| SUMMARY STATS | |||
| # Positive | 7 | 7 | 7 |
| # Negative | 7 | 7 | 7 |
| Median Positive | 0.8% | 2.8% | 9.7% |
| Median Negative | -3.6% | -8.2% | -7.1% |
| Max Positive | 5.7% | 6.1% | 52.2% |
| Max Negative | -7.5% | -18.1% | -19.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/24/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/21/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/24/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/21/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 03/22/2022 | 10-K |
| 09/30/2021 | 11/10/2021 | 10-Q |
| 06/30/2021 | 08/12/2021 | 10-Q |
| 03/31/2021 | 05/17/2021 | 10-Q |
| 12/31/2020 | 03/31/2021 | 10-K |
| 09/30/2020 | 11/16/2020 | 10-Q |
| 06/30/2020 | 08/13/2020 | 10-Q |
| 03/31/2020 | 05/14/2020 | 10-Q |
| 12/31/2019 | 03/27/2020 | 10-K |
| 09/30/2019 | 11/14/2019 | 10-Q |
| 06/30/2019 | 08/13/2019 | 10-Q |
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Realty, Advisors Inc | Direct | Sell | 8282025 | 1.15 | 246,254 | 283,192 | 460,000 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Realty, Advisors Inc | Direct | Sell | 8282025 | 1.15 | 246,254 | 283,192 | 460,000 | Form |
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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