Real REMAX (REAX)
Market Price (9/7/2026): $18.68 | Market Cap: $430.2 MilSector: Real Estate | Industry: Real Estate Services
Real REMAX (REAX)
Market Price (9/7/2026): $18.68Market Cap: $430.2 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 -20% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 38% Attractive yieldFCF Yield is 18% Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, E-commerce & Digital Retail, and Cloud Computing. Themes include Real Estate Data Analytics, Show more. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.2% Stock price has recently run up significantly6M Rtn6 month market price return is 638%, 12M Rtn12 month market price return is 256% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 614% 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 -8.2% High stock price volatilityVol 12M is 1405% Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 163% Key risksREAX key risks include [1] its challenge in maintaining profitability after a history of losses due to its significant expense base and agent incentive structure, 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 -20% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 38% |
| Attractive yieldFCF Yield is 18% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, E-commerce & Digital Retail, and Cloud Computing. Themes include Real Estate Data Analytics, Show more. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.2% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 638%, 12M Rtn12 month market price return is 256% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 614% |
| 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 -8.2% |
| High stock price volatilityVol 12M is 1405% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 163% |
| Key risksREAX key risks include [1] its challenge in maintaining profitability after a history of losses due to its significant expense base and agent incentive structure, Show more. |
Qualitative Assessment
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Real REMAX (REAX) stock has gained about 5% since 5/31/2026 because of the following key factors:
1. Successful Completion of RE/MAX Holdings Acquisition.
The primary driver was the successful completion of the business combination with RE/MAX Holdings, Inc., which fundamentally transformed the company into Real REMAX Group Inc. Shareholders approved the merger on August 14, 2026, and the transaction officially closed on August 24, 2026. This strategic acquisition is anticipated to create $30 million in cost synergies within three years.
2. Robust Revenue Growth in Fiscal Q2 2026.
Real REMAX Group Inc. reported strong financial results for its fiscal second quarter ended June 30, 2026, which were announced on August 6, 2026. The company's revenue increased by 30% year-over-year to $700.6 million, surpassing analysts' consensus estimates of $652.47 million. Additionally, Adjusted EBITDA grew 38% to $27.6 million in the quarter.
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Real REMAX (REAX) stock has gained about 5% since 5/31/2026 because of the following key factors:
1. Successful Completion of RE/MAX Holdings Acquisition.
The primary driver was the successful completion of the business combination with RE/MAX Holdings, Inc., which fundamentally transformed the company into Real REMAX Group Inc. Shareholders approved the merger on August 14, 2026, and the transaction officially closed on August 24, 2026. This strategic acquisition is anticipated to create $30 million in cost synergies within three years.
2. Robust Revenue Growth in Fiscal Q2 2026.
Real REMAX Group Inc. reported strong financial results for its fiscal second quarter ended June 30, 2026, which were announced on August 6, 2026. The company's revenue increased by 30% year-over-year to $700.6 million, surpassing analysts' consensus estimates of $652.47 million. Additionally, Adjusted EBITDA grew 38% to $27.6 million in the quarter.
3. Significant Uplift in Analyst Price Targets and Strong Buy Consensus.
Following the merger and earnings report, Wall Street analysts significantly revised their outlook for Real REMAX Group Inc. The average one-year price target for REAX was substantially increased by 861.17% to $50.49 per share on August 25, 2026, from a prior estimate of $5.25 on August 1, 2026. Analysts maintained a "Strong Buy" consensus rating for the stock, with 100% of covering analysts recommending a Strong Buy as of August 21, 2026.
4. Authorization of a Substantial Share Repurchase Program.
The newly formed Real REMAX Group Inc. announced a significant share repurchase authorization of up to $450 million on August 24, 2026. This move demonstrates management's confidence in the company's valuation and future prospects, typically signaling a commitment to enhancing shareholder value.
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Stock Movement Drivers
Fundamental Drivers
The 3.7% change in REAX stock from 5/31/2026 to 9/6/2026 was primarily driven by a 7.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312026 | 9062026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.00 | 18.67 | 3.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,080 | 2,240 | 7.7% |
| P/S Multiple | 0.2 | 0.2 | -0.8% |
| Shares Outstanding (Mil) | 22 | 23 | -2.9% |
| Cumulative Contribution | 3.7% |
Market Drivers
5/31/2026 to 9/6/2026| Return | Correlation | |
|---|---|---|
| REAX | 3.7% | |
| Market (SPY) | 1.8% | -4.7% |
| Sector (XLRE) | -0.1% | 8.4% |
Fundamental Drivers
The 604.5% change in REAX stock from 2/28/2026 to 9/6/2026 was primarily driven by a 500.0% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9062026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.65 | 18.67 | 604.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,814 | 2,240 | 23.5% |
| P/S Multiple | 0.0 | 0.2 | 500.0% |
| Shares Outstanding (Mil) | 22 | 23 | -4.9% |
| Cumulative Contribution | 604.5% |
Market Drivers
2/28/2026 to 9/6/2026| Return | Correlation | |
|---|---|---|
| REAX | 604.5% | |
| Market (SPY) | 12.6% | -1.7% |
| Sector (XLRE) | 0.9% | -0.2% |
Fundamental Drivers
The 247.0% change in REAX stock from 8/31/2025 to 9/6/2026 was primarily driven by a 168.7% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9062026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.38 | 18.67 | 247.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,618 | 2,240 | 38.4% |
| P/S Multiple | 0.1 | 0.2 | 168.7% |
| Shares Outstanding (Mil) | 21 | 23 | -6.7% |
| Cumulative Contribution | 247.0% |
Market Drivers
8/31/2025 to 9/6/2026| Return | Correlation | |
|---|---|---|
| REAX | 247.0% | |
| Market (SPY) | 20.4% | -0.3% |
| Sector (XLRE) | 6.5% | -0.1% |
Fundamental Drivers
The 937.2% change in REAX stock from 8/31/2023 to 9/6/2026 was primarily driven by a 347.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312023 | 9062026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.80 | 18.67 | 937.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 501 | 2,240 | 347.1% |
| P/S Multiple | 0.1 | 0.2 | 197.2% |
| Shares Outstanding (Mil) | 18 | 23 | -21.9% |
| Cumulative Contribution | 937.2% |
Market Drivers
8/31/2023 to 9/6/2026| Return | Correlation | |
|---|---|---|
| REAX | 937.2% | |
| Market (SPY) | 77.1% | 1.4% |
| Sector (XLRE) | 30.3% | 1.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| REAX Return | 300% | 185% | -85% | 187% | -21% | 404% | 1895% |
| Peers Return | -36% | -70% | 102% | -7% | 96% | -28% | -49% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| REAX Win Rate | 50% | 42% | 50% | 58% | 50% | 33% | |
| Peers Win Rate | 31% | 33% | 50% | 42% | 46% | 39% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| REAX Max Drawdown | -92% | -73% | -90% | -31% | -38% | -91% | |
| Peers Max Drawdown | -69% | -75% | -57% | -47% | -44% | -53% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: COMP, DOUG, ZG, OPEN.
[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 | REAX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.9% | -18.8% |
| % Gain to Breakeven | 35.0% | 23.1% |
| Time to Breakeven | 424 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.3% | -9.5% |
| % Gain to Breakeven | 32.1% | 10.5% |
| Time to Breakeven | 27 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -21.0% | -6.7% |
| % Gain to Breakeven | 26.5% | 7.1% |
| Time to Breakeven | 24 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -73.3% | -24.5% |
| % Gain to Breakeven | 275.0% | 32.4% |
| Time to Breakeven | 199 days | 427 days |
In The Past
Real REMAX's stock fell -25.9% during the 2025 US Tariff Shock. Such a loss loss requires a 35.0% gain to breakeven.
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| Event | REAX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.9% | -18.8% |
| % Gain to Breakeven | 35.0% | 23.1% |
| Time to Breakeven | 424 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.3% | -9.5% |
| % Gain to Breakeven | 32.1% | 10.5% |
| Time to Breakeven | 27 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -21.0% | -6.7% |
| % Gain to Breakeven | 26.5% | 7.1% |
| Time to Breakeven | 24 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -73.3% | -24.5% |
| % Gain to Breakeven | 275.0% | 32.4% |
| Time to Breakeven | 199 days | 427 days |
In The Past
Real REMAX's stock fell -25.9% during the 2025 US Tariff Shock. Such a loss loss requires a 35.0% 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 Real REMAX (REAX)
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- Real Estate Brokerage Franchises: RE/MAX Holdings grants franchises to independent real estate brokerage owners, providing them with access to its global brand, technology, and support systems.
- Mortgage Brokerage Franchises: Through its Motto Mortgage brand, the company offers franchises to independent mortgage brokers, enabling them to provide various mortgage origination services.
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Tamir Poleg, Co-Founder, Chairman and Chief Executive Officer
Tamir Poleg co-founded Real in 2014. Prior to launching Real, he was the Founder and CEO of Optimum RE Investments, an investment firm focused on multi-family real estate and technology ventures. He also previously co-founded and served as CEO of Domos, a proptech company.
Ravi Jani, Chief Financial Officer
Ravi Jani was promoted to Chief Financial Officer in April 2025, having joined Real in September 2023 as Vice President of Investor Relations and Financial Planning & Analysis. He brings over 15 years of experience across Wall Street, real estate, and corporate finance. His previous roles include positions at Blade Air Mobility, Inc., Citadel LLC, and Anchor Bolt Capital LP, and he began his career in investment banking at Bank of America and Moelis & Company.
Pritesh Damani, Chief Technology Officer
Pritesh Damani joined Real's senior leadership team in January 2021 through the company's acquisition of RealtyCrunch, where he had served as Founder and Chief Executive Officer since 2019. At Real, he developed an industry-leading proprietary platform designed to streamline communication and document management for real estate agents.
Jenna Rozenblat, Chief Operating Officer
Jenna Rozenblat is responsible for overseeing Real's daily operations and implementing strategies to enhance efficiency. She possesses over 15 years of experience in operations, program management, and customer service within the real estate industry. She was recognized as a 2024 Inman Future Leader in Real Estate and a 2024 Rising Star by HousingWire.
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The key risks for Real REMAX (symbol: REAX) following its acquisition of RE/MAX Holdings are primarily centered around the integration of the two distinct businesses, ongoing profitability challenges, and the financial implications of the merger.
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Integration Risk and Agent Attrition: The most significant risk stems from integrating Real's technology-driven, cloud-based brokerage model with RE/MAX's traditional global franchise network. Successfully combining these different operating models and cultures presents a complex challenge, with the potential for "diworsification" if not executed well. A critical concern is the potential for agent attrition, particularly as Real's agent-centric model with competitive commission splits and lower fees could incentivize RE/MAX franchisees or agents to leave, creating internal competition for talent. The retention of RE/MAX franchisees and their willingness to adopt Real's technology and ancillary products is also a material factor.
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Thin Margins and Profitability Challenges: Prior to the merger, Real Brokerage faced challenges with thin gross margins, partly due to a growing proportion of transactions coming from "capped agents" who contribute significantly less marginal profit after reaching their annual commission limits. While the merger with RE/MAX aims to enhance profitability through recurring franchise revenues and the distribution of secondary products, the combined entity still needs to demonstrate its ability to translate strong revenue growth into sustained and improved profit margins.
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Increased Debt and Potential Dilution: The acquisition of RE/MAX Holdings introduced a substantial amount of debt to Real REMAX Group, as Real Brokerage was previously debt-free. This increased financial leverage could impact the company's flexibility and financial stability. Additionally, the all-stock and cash deal involved dilution for existing Real shareholders, and while the company has authorized a share repurchase program, managing the impact of debt and dilution remains a key financial risk.
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Here are the expected drivers of future revenue growth for Real REMAX (symbol: REAX) over the next 2-3 years:
- Agent Growth and Expansion: The combined entity of Real REMAX Group, formed by the merger of The Real Brokerage and RE/MAX Holdings, aims to significantly grow its agent count. Real Brokerage has demonstrated substantial agent growth, with its count exceeding 36,000 as of August 2026. The merger brings together over 180,000 agents globally, with a strategic focus on expanding the network by attracting new agents and returning RE/MAX to agent growth.
- Synergies and Diversified Offerings from the RE/MAX Merger: The recently completed business combination of Real Brokerage and RE/MAX Holdings is expected to create a diversified earnings profile and drive substantial long-term value. While also targeting approximately $30 million in annual cost savings from shared services, corporate, and technology efficiencies, the primary thesis of the merger is growth. The integration combines Real's technology and operating model with RE/MAX's global brand and franchise network, aiming to enhance productivity and support for its agents and franchisees.
- Expansion of Ancillary Services: Real REMAX Group is poised to grow revenue through its ancillary services, which include title, mortgage, and its Real Wallet financial technology offerings. In Q2 2026, revenue from these ancillary businesses saw a 28% year-over-year increase, with Real Wallet revenue growing by 140%. The integration with RE/MAX is anticipated to further expand these high-margin ancillary services and improve lead monetization across the broader network.
- Investment in Technology and AI-Powered Tools: As a technology-enabled global real estate platform, Real REMAX Group emphasizes continuous investment in innovation. The company's proprietary technology, including its reZEN platform, the AI assistant Leo, and Real Wallet, will be made available to all agents within the combined group. The goal is to leverage AI to enhance agent efficiency, simplify real estate transactions, and deliver a more seamless and transparent consumer experience, thereby supporting business growth and driving service adoption.
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Share Repurchases
- Real REMAX Group Inc. authorized a share repurchase program in August 2026, allowing the company to repurchase up to $450 million in value or 25 million shares of its common stock, whichever is less.
- This program has no termination date and reflects the board's confidence in the company's long-term strategy and commitment to balanced capital allocation.
Share Issuance
- As part of the August 2026 business combination, former Real shareholders received one share of Real REMAX Group common stock for each post-consolidation Real share, following a 10-for-1 share consolidation of Real's common shares.
- Former RE/MAX Holdings stockholders received approximately 14.5 million shares of Real REMAX Group common stock and about $80 million in cash. Approximately 22.1 million shares were issued to former Real shareholders.
Inbound Investments
- Real REMAX Group secured a new Credit Agreement providing a $550 million term loan and a $40 million revolving facility to fund the merger consideration, refinance existing RE/MAX debt, and support working capital.
Outbound Investments
- The Real Brokerage Inc. acquired RE/MAX Holdings, Inc. in a business combination completed in August 2026, creating the Real REMAX Group Inc.
- The transaction implied an enterprise value for RE/MAX Holdings of approximately $880 million.
Capital Expenditures
- Real REMAX Group has stated a focus on disciplined investment in innovation, supporting agents, and continued investment in growth and technology.
Peer Outperformance in Real Estate Services
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care REITs | 14 | 19.5% | 60.9% | 61.7% | WELL 213% · CTRE 126% · DHC 120% |
| Retail REITs | 22 | 11.3% | 38.5% | 36.4% | IVT 1599% · SKT 168% · SPG 103% |
| Real Estate Development | 6 | -9.2% | 15.1% | 20.6% | JOE 55% · AXR 44% · FOR 37% |
| Other Specialized REITs | 11 | 5.3% | 22.6% | 17.0% | IRM 193% · LAMR 69% · EPR 68% |
| Hotel & Resort REITs | 16 | 28.6% | 28.9% | 5.0% | RHP 78% · HST 72% · DRH 54% |
| Industrial REITs | 11 | 15.0% | 18.2% | 3.8% | FR 28% · EGP 27% · PLD 15% |
| Diversified REITs | 12 | 9.7% | 28.3% | -6.3% | CTO 71% · WPC 21% · LXP 14% |
| Multi-Family Residential REITs | 13 | -4.9% | 5.0% | -17.5% | AIV 17% · ESS 2% · IRT -5% |
| Single-Family Residential REITs | 4 | -2.0% | 1.0% | -17.9% | AMH -10% · ELS -17% · INVH -19% |
| Real Estate Services ← | 27 | -16.9% | -7.8% | -25.0% | REAX 853% · MDRR 577% · CHCI 281% |
| Office REITs | 18 | -7.3% | 18.5% | -27.9% | PSTL 62% · CDP 54% · SLG 9% |
| Telecom Tower REITs | 3 | -7.9% | -8.9% | -43.6% | AMT -31% · SBAC -44% · CCI -51% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| null | 10/17/2025 | |
| REAX Dip Buy Analysis | 07/10/2025 | |
| Real Brokerage (REAX) Valuation Ratios Comparison | 05/15/2025 | |
| ARTICLES | ||
| Stocks Trading At 52-Week Low | 02/18/2026 |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.12 |
| Mkt Cap | 3.0 |
| Rev LTM | 2,810 |
| Op Inc LTM | -28 |
| FCF LTM | 76 |
| FCF 3Y Avg | 55 |
| CFO LTM | 79 |
| CFO 3Y Avg | 57 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 17.7% |
| Rev Chg 3Y Avg | 14.1% |
| Rev Chg Q | 17.9% |
| QoQ Delta Rev Chg LTM | 4.3% |
| Op Inc Chg LTM | 35.5% |
| Op Inc Chg 3Y Avg | 38.2% |
| Op Mgn LTM | -0.3% |
| Op Mgn 3Y Avg | -4.6% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 1.5% |
| CFO/Rev 3Y Avg | 1.5% |
| FCF/Rev LTM | 1.2% |
| FCF/Rev 3Y Avg | 1.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| North American Brokerage | 1,956 | 1,256 | 685 | 380 | |
| One Real Mortgage | 6 | 4 | |||
| One Real Title | 5 | 5 | |||
| Other Segments | 1 | 0 | 4 | 2 | 0 |
| Commissions | 121 | ||||
| Fee Income | 1 | ||||
| Total | 1,968 | 1,265 | 689 | 382 | 122 |
| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Other Segments | -1 | -0 | -4 | -1 |
| One Real Mortgage | -2 | -2 | ||
| North American Brokerage | -2 | -20 | -22 | -18 |
| One Real Title | -4 | -3 | ||
| Total | -9 | -25 | -26 | -20 |
| $ Mil | 2023 | 2022 |
|---|---|---|
| Other Segments | -5 | -1 |
| North American Brokerage | -22 | -19 |
| Total | -27 | -20 |
Price Behavior
| Market Price | $18.67 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 06/15/2021 | |
| Distance from 52W High | -34.3% | |
| 50 Days | 200 Days | |
| DMA Price | $6.12 | $3.89 |
| DMA Trend | up | up |
| Distance from DMA | 204.9% | 379.5% |
| 3M | 1YR | |
| Volatility | 2,744.5% | 1,486.8% |
| Downside Capture | 38.47 | 230.90 |
| Upside Capture | 1672.56 | 340.51 |
| Correlation (SPY) | -4.7% | -0.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -51.88 | -18.06 | -7.89 | -2.45 | -0.36 | 0.70 |
| Up Beta | -0.73 | -0.59 | 3.80 | -15.62 | -7.56 | -0.59 |
| Down Beta | 78.69 | 59.57 | 32.42 | 18.23 | 9.31 | 3.06 |
| Up Capture | -23% | -5% | -384% | -31% | 19% | 132% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 2 | 7 | 19 | 45 | 93 | 330 |
| Down Capture | -22558% | -9077% | -5620% | -2559% | -365% | 54% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 4 | 10 | 20 | 53 | 125 | 370 |
[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 REAX | |
|---|---|---|---|---|
| REAX | -69.2% | 988.2% | 0.83 | - |
| Sector ETF (XLRE) | 7.9% | 14.0% | 0.31 | -4.4% |
| Equity (SPY) | 19.7% | 12.8% | 1.13 | 3.0% |
| Gold (GLD) | 24.6% | 29.2% | 0.75 | 4.9% |
| Commodities (DBC) | 43.8% | 20.3% | 1.67 | -7.0% |
| Real Estate (VNQ) | 9.1% | 13.6% | 0.39 | -3.9% |
| Bitcoin (BTCUSD) | -28.1% | 43.8% | -0.63 | 2.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with REAX | |
|---|---|---|---|---|
| REAX | -3.4% | 584.7% | 0.59 | - |
| Sector ETF (XLRE) | 1.9% | 19.2% | -0.00 | -0.9% |
| Equity (SPY) | 12.8% | 17.2% | 0.57 | 2.3% |
| Gold (GLD) | 19.1% | 18.8% | 0.82 | 3.3% |
| Commodities (DBC) | 10.7% | 19.5% | 0.43 | 0.5% |
| Real Estate (VNQ) | 1.7% | 18.9% | -0.01 | -0.3% |
| Bitcoin (BTCUSD) | 10.2% | 52.6% | 0.38 | 1.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with REAX | |
|---|---|---|---|---|
| REAX | 13.3% | 640.1% | 0.70 | - |
| Sector ETF (XLRE) | 6.2% | 20.4% | 0.26 | -1.5% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 2.3% |
| Gold (GLD) | 12.4% | 16.3% | 0.62 | 2.5% |
| Commodities (DBC) | 7.9% | 18.1% | 0.35 | 1.1% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | -1.1% |
| Bitcoin (BTCUSD) | 63.7% | 66.2% | 1.03 | 1.2% |
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Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 6-K |
| 03/31/2026 | 05/07/2026 | 6-K |
| 12/31/2025 | 03/04/2026 | 40-F |
| 09/30/2025 | 10/30/2025 | 6-K |
| 06/30/2025 | 08/07/2025 | 6-K |
| 03/31/2025 | 05/08/2025 | 6-K |
| 12/31/2024 | 03/06/2025 | 40-F |
| 09/30/2024 | 11/07/2024 | 6-K |
| 06/30/2024 | 08/07/2024 | 6-K |
| 03/31/2024 | 05/07/2024 | 6-K |
| 12/31/2023 | 03/14/2024 | 40-F |
| 09/30/2023 | 11/09/2023 | 6-K |
| 06/30/2023 | 08/09/2023 | 6-K |
| 03/31/2023 | 05/11/2023 | 6-K |
| 12/31/2022 | 03/16/2023 | 40-F |
| 09/30/2022 | 11/10/2022 | 6-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 6-K |
| 03/31/2026 | 05/07/2026 | 6-K |
| 12/31/2025 | 03/04/2026 | 40-F |
| 09/30/2025 | 10/30/2025 | 6-K |
| 06/30/2025 | 08/07/2025 | 6-K |
| 03/31/2025 | 05/08/2025 | 6-K |
| 12/31/2024 | 03/06/2025 | 40-F |
| 09/30/2024 | 11/07/2024 | 6-K |
| 06/30/2024 | 08/07/2024 | 6-K |
| 03/31/2024 | 05/07/2024 | 6-K |
| 12/31/2023 | 03/14/2024 | 40-F |
| 09/30/2023 | 11/09/2023 | 6-K |
| 06/30/2023 | 08/09/2023 | 6-K |
| 03/31/2023 | 05/11/2023 | 6-K |
| 12/31/2022 | 03/16/2023 | 40-F |
| 09/30/2022 | 11/10/2022 | 6-K |
| 06/30/2022 | 08/11/2022 | 6-K |
| 03/31/2022 | 05/09/2022 | 6-K |
| 12/31/2021 | 03/18/2022 | 40-F |
| 09/30/2021 | 11/16/2021 | 6-K |
Investor Activity (13F)
Updated Sep 7, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
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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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