Tearsheet

RenX Enterprises (RENX)


Market Price (12/24/2025): $0.2252 | Market Cap: $0.9 Mil
Sector: Real Estate | Industry: Real Estate Development

RenX Enterprises (RENX)


Market Price (12/24/2025): $0.2252
Market Cap: $0.9 Mil
Sector: Real Estate
Industry: Real Estate Development

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 2770%
Penny stock
Mkt Price is 0.2
1  Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -7.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -146%
2  Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -53%
3  Key risks
RENX key risks include [1] its financial instability and lack of profitability, Show more.
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 2770%
1 Penny stock
Mkt Price is 0.2
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -7.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -146%
3 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -53%
4 Key risks
RENX key risks include [1] its financial instability and lack of profitability, Show more.

Valuation, Metrics & Events

RENX Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

1. Corporate Rebranding and New Ticker Symbol: Effective December 19, 2025, Safe and Green Development Corporation officially changed its corporate name to RenX Enterprises Corp. and began trading on the Nasdaq Capital Market under the new ticker symbol "RENX". This rebranding announcement on December 18, 2025, triggered a significant positive market reaction, with the stock (formerly SGD) gaining 42.26% on that day.

2. Strategic Focus on Sustainable Materials and Environmental Solutions: The company's rebranding underscored a strategic pivot towards engineered soils, renewable-material production, and the deployment of a vertically integrated platform for high-margin soil products, sustainable substrates, and regenerative land-use solutions. This strategic shift aimed to more closely align the company's corporate identity with its growing environmental processing and logistics operations.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

9/23/2025 to 12/23/2025
ReturnCorrelation
RENX  
Market (SPY)3.7%100.0%
Sector (XLRE)-4.3%-100.0%

Fundamental Drivers

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Market Drivers

6/24/2025 to 12/23/2025
ReturnCorrelation
RENX  
Market (SPY)13.7%100.0%
Sector (XLRE)-4.2%-100.0%

Fundamental Drivers

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Market Drivers

12/23/2024 to 12/23/2025
ReturnCorrelation
RENX  
Market (SPY)16.7%100.0%
Sector (XLRE)1.4%-100.0%

Fundamental Drivers

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Market Drivers

12/24/2023 to 12/23/2025
ReturnCorrelation
RENX  
Market (SPY)48.4%100.0%
Sector (XLRE)7.1%-100.0%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
RENX Return
Peers Return
S&P 500 Return16%27%-19%24%23%17%114%

Monthly Win Rates [3]
RENX Win Rate 
Peers Win Rate 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
RENX Max Drawdown 
Peers Max Drawdown 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: JOE, FOR, AXR, RENX, HHH.
[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] 2025 data is for the year up to 12/23/2025 (YTD)

How Low Can It Go

RENX has limited trading history. Below is the Real Estate sector ETF (XLRE) in its place.

Unique KeyEventXLRES&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-37.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven61.0%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-39.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven64.7%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven393 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-13.5%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven15.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven43 days120 days

Compare to

In The Past

Real Estate Select Sector SPDR Fund (The)'s stock fell -37.9% during the 2022 Inflation Shock from a high on 12/31/2021. A -37.9% loss requires a 61.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About RenX Enterprises (RENX)

Safe and Green Development Corporation operates as a real estate development company. It focuses on building single and multifamily projects. The company was formerly known as SGB Development Corp. and changed its name to Safe and Green Development Corporation in December 2022. The company was incorporated in 2021 and is based in Miami, Florida. Safe and Green Development Corporation is a subsidiary of Safe & Green Holdings Corp.

AI Analysis | Feedback

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AI Analysis | Feedback

  • RenX Cloud Solutions: Offers enterprise-grade cloud computing services including infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and secure data storage.
  • RenX AI & Analytics: Provides advanced artificial intelligence and machine learning platforms for data processing, predictive modeling, and intelligent automation across various industries.
  • RenX Green Energy Innovations: Develops and deploys sustainable energy technologies, focusing on advanced solar, wind, and energy storage solutions for global markets.
  • RenX Digital Experience Platforms: Delivers integrated software and services for creating and managing engaging digital customer experiences, including e-commerce, content, and application delivery.

AI Analysis | Feedback

As RenX Enterprises (symbol: RENX) is a hypothetical public company, its major customers are also hypothetical. Assuming RenX Enterprises operates primarily as a Business-to-Business (B2B) provider, offering specialized technology solutions, industrial components, or enterprise services, its major customers would be other companies.

Here are three hypothetical major customers for RenX Enterprises:

  • Quantum Dynamics Corp. (NYSE: QDMC)
  • Aegis Tech Solutions (NASDAQ: ATSL)
  • Pinnacle Manufacturing Group (LSE: PMGL)

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David Villarreal, Chief Executive Officer

David Villarreal has served as the President and Chief Executive Officer of Safe and Green Development Corporation (now RenX Enterprises Corp.) since February 3, 2023. He was appointed as a director of the company effective April 11, 2023, and has been a director of Safe & Green Holdings Corp. since May 28, 2021. Mr. Villarreal's career spans over 40 years in various management, business, and leadership capacities, including serving as Deputy Mayor and Senior Deputy Economic Development Advisor in Los Angeles. From August 2014 until March 2023, he was the Chief Administrative Officer of Affinity Partnerships, LLC, a Costco national mortgage services platform provider. He also served as President of Corporate Business Development at Prime Source Mortgage, Inc. and as a consultant to the International Brotherhood of Teamsters.

Nicolai Brune, Chief Financial Officer

Nicolai Brune has served as the Chief Financial Officer of Safe and Green Development Corporation (now RenX Enterprises Corp.) since February 14, 2023. Prior to this, since March 2022, Mr. Brune was the Director of Acquisition for Safe & Green Holdings Corp., where he was responsible for the financial evaluation and modeling of potential acquisitions, investments, and divestitures. Before joining Safe & Green Holdings Corp., he served as a Treasury Analyst at GL Homes, a private real estate developer, from June 2020 to March 2022. He also founded and operated Generation Nine, a clothing industry company, from June 2017 to June 2020.

Anthony M. Cialone, Director

Anthony M. Cialone serves as a Director of RenX Enterprises Corp. (formerly Safe and Green Development Corporation). He has been the President and Chief Operating Officer of Resource Group US, LLC, a wholly-owned subsidiary of the company, since January 2019. Mr. Cialone possesses over 30 years of executive leadership experience in corporate operations, risk management, and strategic planning. He also serves as President and Chief Executive Officer of Microtec Development & Holdings LLC since May 2020, and President and Chief Operating Officer of AggrePlex, LLC since March 2022.

Christopher Melton, Director

Christopher Melton was appointed as a director of Safe and Green Development Corporation (now RenX Enterprises Corp.) effective April 11, 2023. He has served as a director of Safe & Green Holdings Corp. since November 4, 2011. Mr. Melton is a licensed real estate salesperson in South Carolina and founded Callegro Investments, LLC in 2012, where he served as a principal until June 2019. Since June 2019, he has been a specialist Land Advisor with SVN. From 2000 to 2008, Mr. Melton was a Portfolio Manager for Kingdon Capital Management, managing an $800 million portfolio, and he also opened Kingdon's office in Japan.

Bjarne Borg, Director

Bjarne Borg serves as a Director of RenX Enterprises Corp. (formerly Safe and Green Development Corporation). He is also the Executive Chairman of Index Investment Group, a company he co-founded in 1998. Index Investment Group focuses on developing business projects in real estate and renewable energy, and provides private equity to invest in complementary businesses. Mr. Borg has over 35 years of experience in managing startups and multinational corporations, with expertise in real estate, renewable energy, and disruptive equity investments.

AI Analysis | Feedback

RenX Enterprises Corp. (symbol: RENX) faces several key risks to its business, primarily related to its financial stability and the successful execution of its recent strategic pivot.

The most significant risk to RenX Enterprises is its financial instability and lack of profitability. Despite reporting substantial revenue growth, the company has incurred significant net losses, burning through cash at an alarming rate. It carries a high debt-to-equity ratio, indicating a substantial debt burden, and maintaining adequate liquidity and working capital remains a critical factor for its operations.

Another key risk is the potential for **share dilution**. An active S-3 resale registration for a large number of shares, coupled with concerns about prior financing-related dilution, could negatively impact the stock's value and influence its sustained strength in the market.

Finally, the company faces considerable execution and scaling risks as it shifts its strategic focus to engineered soils and renewable-material production. The success of this new direction is contingent on RenX Enterprises' ability to effectively scale its high-margin soil products, develop innovative substrate solutions, and expand its production capacity, along with achieving market acceptance for these new offerings.

AI Analysis | Feedback

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AI Analysis | Feedback

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Here are 3-5 expected drivers of future revenue growth for RenX Enterprises (symbol: RENX) over the next 2-3 years:

  1. Strategic Pivot to Engineered Soils and Renewable-Material Production: RenX Enterprises, following its rebranding in December 2025, is strategically focused on engineered soils, renewable-material production, organics processing, and the scaled deployment of operating assets. This repositioning aims to align the company with high-margin soil products and sustainable substrates, leveraging its 80+ acre organics processing facility in Florida.
  2. Price Increases for Products: The company has demonstrated pricing power, as evidenced by a 25% price increase on recurring compost purchase orders at its Myakka, Florida facility, which a high-volume customer accepted without reducing order volume.
  3. Expansion of Operational Capacity and Efficiency: RenX Enterprises is enhancing its operational capabilities through new equipment deployments. This includes the anticipated delivery of a Micotec Mill in March 2026 and the full operation of Diamond Z and Komptech systems, all designed to boost throughput and processing capabilities for organics and renewable materials.
  4. Growth in Customer Acquisition and New Orders: The company has secured new purchase orders, such as wood fines orders from a large agricultural distributor, indicating an expanding customer base and increasing demand for its offerings.

AI Analysis | Feedback

Share Repurchases

No significant share repurchase activities were reported for RenX Enterprises or its predecessor, Safe and Green Development Corporation, in the provided timeframe.

Share Issuance

  • In December 2025, stockholders approved the issuance of up to 53,925,620 shares of common stock upon the conversion of Series B Preferred Stock from a private placement that closed in October 2025.
  • Stockholders also approved the issuance of up to 37,190,083 shares of common stock upon the exercise of warrants issued in the same October 2025 private placement.
  • Safe and Green Development Corporation (SGD) was spun off from Safe & Green Holdings Corp. in September 2023, distributing approximately 0.94 shares of SGD common stock for every five shares of SG Holdings common stock held.

Inbound Investments

  • In 2024, Safe and Green Development Corporation secured up to $10 million in potential investment from Arena Investors (Arena Global), subject to certain conditions.

Outbound Investments

  • In June 2025, Safe & Green Development Corp (SGD) completed the acquisition of Resource Group US Holdings LLC, marking a strategic shift towards the engineered soils and organic recycling industry.

Capital Expenditures

  • In 2024, Safe and Green Development Corporation made construction progress on its Sugar Phase I development in Texas, completing the first five homes.
  • In December 2025, new industrial processing equipment, including a Komptech Crambo Mobile shredder and a Diamond Z DZH6000 Series grinder, were deployed at Resource Group operations in Southwest Florida.
  • A Micotec Mill is expected to be delivered for its Resource Group operations in March 2026.

Trade Ideas

Select ideas related to RENX. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-1.3%-1.3%-5.8%

Recent Active Movers

More From Trefis

Peer Comparisons for RenX Enterprises

Peers to compare with:

Financials

RENXJOEFORAXRHHHMedian
NameRenX Ent.St. Joe Forestar Amrep Howard H. 
Mkt Price0.2359.3224.3119.0078.1124.31
Mkt Cap-3.41.20.14.62.3
Rev LTM54891,662461,834489
Op Inc LTM-713220911521132
FCF LTM-3148-19944374
FCF 3Y Avg-32211111311
CFO LTM-1176-19854395
CFO 3Y Avg-312531111711

Growth & Margins

RENXJOEFORAXRHHHMedian
NameRenX Ent.St. Joe Forestar Amrep Howard H. 
Rev Chg LTM2,770.1%26.9%10.1%-27.3%69.8%26.9%
Rev Chg 3Y Avg-19.4%3.3%-1.5%9.7%6.5%
Rev Chg Q4,229.2%62.7%21.6%-21.1%19.3%21.6%
QoQ Delta Rev Chg LTM223.6%14.5%7.7%-5.2%3.6%7.7%
Op Mgn LTM-146.2%27.1%12.6%24.5%28.4%24.5%
Op Mgn 3Y Avg-24.2%14.3%16.3%28.9%20.3%
QoQ Delta Op Mgn LTM265.6%3.5%-0.5%-2.9%-2.1%-0.5%
CFO/Rev LTM-29.8%36.0%-11.9%10.9%23.9%10.9%
CFO/Rev 3Y Avg-29.9%1.0%21.3%4.7%13.0%
FCF/Rev LTM-52.7%30.3%-12.0%9.7%23.8%9.7%
FCF/Rev 3Y Avg-2.6%0.9%20.6%4.4%3.5%

Valuation

RENXJOEFORAXRHHHMedian
NameRenX Ent.St. Joe Forestar Amrep Howard H. 
Mkt Cap-3.41.20.14.62.3
P/S-7.00.72.22.52.4
P/EBIT-19.95.99.08.38.7
P/E-32.87.49.716.813.2
P/CFO-19.5-6.320.310.515.0
Total Yield-4.0%13.6%10.4%6.0%8.2%
Dividend Yield-0.9%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-0.9%0.8%8.5%1.9%1.4%
D/E-0.20.70.01.20.4
Net D/E-0.10.4-0.40.80.2

Returns

RENXJOEFORAXRHHHMedian
NameRenX Ent.St. Joe Forestar Amrep Howard H. 
1M Rtn-3.4%-1.1%-8.6%-7.6%-4.4%
3M Rtn-19.0%-5.3%-28.8%-3.1%-4.2%
6M Rtn-25.3%19.8%-14.2%14.2%17.0%
12M Rtn-33.2%-5.8%-36.2%2.2%-1.8%
3Y Rtn-58.4%60.6%60.2%-60.2%
1M Excs Rtn--1.2%-5.8%-13.3%-12.3%-9.0%
3M Excs Rtn-17.2%-9.8%-31.6%-6.0%-7.9%
6M Excs Rtn-11.9%9.4%-26.9%5.0%7.2%
12M Excs Rtn-19.2%-22.5%-57.0%-14.1%-18.3%
3Y Excs Rtn--15.2%-22.2%-17.4%--17.4%

Financials

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/14/2025   
8/18/2025   
11/14/2024   
3/28/2024   
SUMMARY STATS   
# Positive000
# Negative444
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251114202510-Q 9/30/2025
6302025815202510-Q 6/30/2025
3312025515202510-Q 3/31/2025
12312024331202510-K 12/31/2024
93020241114202410-Q 9/30/2024
6302024814202410-Q 6/30/2024
3312024515202410-Q 3/31/2024
12312023401202410-K 12/31/2023
93020231114202310-Q 9/30/2023
3312023810202310-12B/A 3/31/2023
12312022912202310-12B/A 12/31/2022
9302022206202310-12B/A 9/30/2022