Chiron Real Estate (XRN)
Market Price (5/22/2026): $37.48 | Market Cap: $496.0 MilSector: Real Estate | Industry: Health Care REITs
Chiron Real Estate (XRN)
Market Price (5/22/2026): $37.48Market Cap: $496.0 MilSector: Real EstateIndustry: Health Care REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, Dividend Yield is 9.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 5.1% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17% Low stock price volatilityVol 12M is 31% Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and E-commerce Logistics & Data Centers. Themes include Smart Buildings & Proptech, Show more. | Trading close to highsDist 52W High is 0.0% Weak multi-year price returns2Y Excs Rtn is -39%, 3Y Excs Rtn is -67% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 135% Key risksXRN key risks include [1] significant tenant bankruptcy exposure, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, Dividend Yield is 9.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 5.1% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17% |
| Low stock price volatilityVol 12M is 31% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and E-commerce Logistics & Data Centers. Themes include Smart Buildings & Proptech, Show more. |
| Trading close to highsDist 52W High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -39%, 3Y Excs Rtn is -67% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 135% |
| Key risksXRN key risks include [1] significant tenant bankruptcy exposure, Show more. |
Qualitative Assessment
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1. Strategic Repositioning and Significant Acquisitions in Senior Housing.
Chiron Real Estate is undergoing a strategic repositioning to become a growth-oriented investor, emphasizing senior housing operating properties (SHOP). This shift was highlighted by the announcement on May 6, 2026, of contracts to acquire three senior housing communities for an aggregate purchase price of $425 million. These acquisitions are a key component of the company's new capital allocation strategy, aiming for higher returns on invested capital despite potentially increasing earnings variability in the near term.
2. $100 Million Strategic Equity Investment.
On May 6, 2026, Chiron announced a $100 million strategic equity investment from Maewyn Capital Partners. This investment in 6.00% Series C Convertible Preferred Stock is seen as an endorsement of Chiron's new growth strategy and its underlying portfolio value. This influx of capital supports the company's repositioning efforts and provides resources for its new strategic and growth plans.
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Stock Movement Drivers
Fundamental Drivers
The 10.8% change in XRN stock from 1/31/2026 to 5/21/2026 was primarily driven by a 4.7% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.80 | 37.45 | 10.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 144 | 151 | 4.6% |
| P/S Multiple | 3.1 | 3.3 | 4.7% |
| Shares Outstanding (Mil) | 13 | 13 | 1.2% |
| Cumulative Contribution | 10.8% |
Market Drivers
1/31/2026 to 5/21/2026| Return | Correlation | |
|---|---|---|
| XRN | 10.8% | |
| Market (SPY) | 7.6% | 37.2% |
| Sector (XLRE) | 8.1% | 43.5% |
Fundamental Drivers
The 27.4% change in XRN stock from 10/31/2025 to 5/21/2026 was primarily driven by a 18.1% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.41 | 37.45 | 27.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 142 | 151 | 6.7% |
| P/S Multiple | 2.8 | 3.3 | 18.1% |
| Shares Outstanding (Mil) | 13 | 13 | 1.1% |
| Cumulative Contribution | 27.4% |
Market Drivers
10/31/2025 to 5/21/2026| Return | Correlation | |
|---|---|---|
| XRN | 27.4% | |
| Market (SPY) | 9.5% | 28.4% |
| Sector (XLRE) | 10.7% | 37.9% |
Fundamental Drivers
The 5.8% change in XRN stock from 4/30/2025 to 5/21/2026 was primarily driven by a 9.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302025 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 35.38 | 37.45 | 5.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 138 | 151 | 9.2% |
| P/S Multiple | 3.4 | 3.3 | -4.0% |
| Shares Outstanding (Mil) | 13 | 13 | 1.0% |
| Cumulative Contribution | 5.8% |
Market Drivers
4/30/2025 to 5/21/2026| Return | Correlation | |
|---|---|---|
| XRN | 5.8% | |
| Market (SPY) | 35.5% | 25.3% |
| Sector (XLRE) | 11.5% | 42.0% |
Fundamental Drivers
The 5.9% change in XRN stock from 4/30/2023 to 5/21/2026 was primarily driven by a 10.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302023 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 35.36 | 37.45 | 5.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 137 | 151 | 10.2% |
| P/S Multiple | 3.4 | 3.3 | -2.9% |
| Shares Outstanding (Mil) | 13 | 13 | -1.0% |
| Cumulative Contribution | 5.9% |
Market Drivers
4/30/2023 to 5/21/2026| Return | Correlation | |
|---|---|---|
| XRN | 5.9% | |
| Market (SPY) | 85.6% | 38.6% |
| Sector (XLRE) | 30.7% | 57.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| XRN Return | 44% | -42% | 28% | -24% | -4% | 10% | -15% |
| Peers Return | 17% | -18% | 10% | 22% | 18% | 17% | 80% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| XRN Win Rate | 58% | 33% | 50% | 42% | 58% | 80% | |
| Peers Win Rate | 55% | 40% | 57% | 65% | 58% | 68% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| XRN Max Drawdown | -10% | -59% | -28% | -26% | -30% | -13% | |
| Peers Max Drawdown | -17% | -35% | -26% | -18% | -14% | -11% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HR, VTR, DOC, WELL, NHI.
[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 5/21/2026 (YTD)
How Low Can It Go
| Event | XRN | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -14.7% | -9.5% |
| % Gain to Breakeven | 17.2% | 10.5% |
| Time to Breakeven | 33 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -25.2% | -6.7% |
| % Gain to Breakeven | 33.8% | 7.1% |
| Time to Breakeven | 193 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -48.4% | -33.7% |
| % Gain to Breakeven | 93.8% | 50.9% |
| Time to Breakeven | 362 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -27.6% | -3.7% |
| % Gain to Breakeven | 38.1% | 3.9% |
| Time to Breakeven | 141 days | 6 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -90.8% | -6.8% |
| % Gain to Breakeven | 990.5% | 7.3% |
| Time to Breakeven | 416 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -82.9% | -0.2% |
| % Gain to Breakeven | 485.2% | 0.2% |
| Time to Breakeven | 848 days | 1 days |
In The Past
Chiron Real Estate's stock fell -0.7% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | XRN | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -25.2% | -6.7% |
| % Gain to Breakeven | 33.8% | 7.1% |
| Time to Breakeven | 193 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -48.4% | -33.7% |
| % Gain to Breakeven | 93.8% | 50.9% |
| Time to Breakeven | 362 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -27.6% | -3.7% |
| % Gain to Breakeven | 38.1% | 3.9% |
| Time to Breakeven | 141 days | 6 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -90.8% | -6.8% |
| % Gain to Breakeven | 990.5% | 7.3% |
| Time to Breakeven | 416 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -82.9% | -0.2% |
| % Gain to Breakeven | 485.2% | 0.2% |
| Time to Breakeven | 848 days | 1 days |
In The Past
Chiron Real Estate's stock fell -0.7% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.7% 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 Chiron Real Estate (XRN)
AI Analysis | Feedback
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- Real Estate Investment and Acquisition: Acquiring purpose-built specialized healthcare facilities to expand its portfolio.
- Real Estate Leasing: Leasing its owned medical office facilities to healthcare systems and physician groups under net-lease agreements.
AI Analysis | Feedback
Chiron Real Estate (symbol: XRN), which operates as Global Medical REIT Inc., primarily leases its specialized healthcare facilities to strong healthcare systems and physician groups. Therefore, its major customers are other companies and organizations that operate in the healthcare sector.
Based on their tenant base, some of Global Medical REIT Inc.'s significant customers include:
- Ensign Services, Inc. (a subsidiary of Ensign Group, Inc. - NASDAQ: ENSG)
- Tenet Healthcare Corporation (NYSE: THC)
- Prime Healthcare Services
- Ascension
- AdventHealth
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Mark Decker, Jr. Chief Executive Officer, President and Director
Mr. Decker was appointed Chief Executive Officer in June 2025. Before joining Chiron Real Estate, he co-led the net lease real estate investment strategy at Proterra Investment Partners. He previously served as President, CEO, Trustee, and Chief Investment Officer at Centerspace (NYSE: CSR) for nearly seven years, where he led the company's transition to a focused owner-operator of apartments. Mr. Decker also spent two decades as Managing Director and U.S. Group Head of Real Estate Investment and Corporate Banking at BMO Capital Markets, specializing in growth and transformational transactions for public real estate owner/operators.
Robert J. Kiernan Chief Financial Officer and Treasurer
Mr. Kiernan joined the company as Chief Financial Officer in August 2017. He has 30 years of experience in financial accounting, reporting, and management, with a focus on the financial services industry, including broker-dealers, mortgage REITs, and investment funds. Prior to his current role, he was Senior Vice President, Controller, and Chief Accounting Officer of FBR & Co. (NASDAQ: FBRC) starting in October 2007, and before that, he held the same roles at Arlington Asset Investment Corp. (NYSE: AI) from April 2003. Mr. Kiernan also served as a Senior Manager in the assurance practice at Ernst & Young.
Danica Holley Chief Operating Officer
Ms. Holley has served as Chief Operating Officer since March 30, 2016. Her background includes over 18 years of business development and management experience, with a focus on international environments, program management, government procurement, and global business rollouts and start-ups.
Alfonzo Leon Chief Investment Officer
Mr. Leon joined the company in August 2014 and has been Chief Investment Officer since July 1, 2015. He is a real estate finance executive with 20 years of acquisition and capital markets experience, having completed approximately 100 transactions valued at $3 billion for institutional investors. Before joining Chiron Real Estate, Mr. Leon was a Senior Vice President with Cain Brothers & Company, a healthcare investment banking firm, in its real estate M&A and capital markets group. He also worked as an Associate with LaSalle Investment Management, where he acquired $800 million in various property types for institutional investors.
Jamie Barber General Counsel & Corporate Secretary
Mr. Barber was appointed General Counsel and Corporate Secretary by the Board of Directors effective May 8, 2017. He brings over two decades of experience as legal counsel, with responsibilities for SEC compliance and reporting, corporate governance, investment banking operations, and REIT-related capital markets. From July 2012 to May 2017, Mr. Barber served as Associate General Counsel at FBR & Co.
AI Analysis | Feedback
Based on the search results, here are the key risks for Chiron Real Estate Inc. (XRN), which is a net-lease medical office REIT expanding into seniors housing: 1. **Interest Rate Sensitivity and Access to Capital:** REITs, including Chiron Real Estate, are highly sensitive to changes in interest rates. Higher interest rates increase their cost of debt, which can impact profitability given the sector's reliance on leverage for acquisitions and development. Rising rates also make alternative income-focused investments, like bonds, more attractive to investors, potentially impacting REIT stock prices. Chiron's forward FFO multiple has already compressed in a higher interest rate environment. Furthermore, a significant challenge for all REITs is access to capital for growth and refinancing existing debt. While Chiron has fortified its balance sheet and has no debt maturities until 2028, ongoing capital market conditions remain a risk for future expansion and operations. 2. **Tenant and Operator Risk, particularly with the Strategic Shift to Senior Housing:** As a net-lease REIT, Chiron Real Estate relies heavily on its tenants (healthcare systems and physician groups) to pay rent and maintain facilities. Healthcare margins can be thin, leading to financial difficulties for operators and potentially affecting rental receipts and requiring the REIT to find new tenants. This risk is amplified by Chiron's strategic pivot into senior housing and active adult communities. Senior housing is an operations-heavy business, and poor operator performance can significantly impact occupancy and net operating income (NOI). There are also specific risks associated with senior housing operators, including labor market pressures (increased costs, burnout, turnover), and the risk of oversupply in certain markets. The company also faces increased regulatory and litigation risks associated with the care provided in senior living facilities. 3. **Execution Risk of Strategic Pivot and Portfolio Diversification:** Chiron Real Estate is undergoing a significant strategic shift from being a pure-play medical office REIT to a diversified healthcare real estate platform that includes senior housing and active adult communities. While this pivot aims to capitalize on demographic trends, it introduces execution risks. Successfully acquiring, integrating, and managing these new asset classes, especially the operations-intensive senior housing, will be crucial. The company's 2026 guidance already reflects anticipated headwinds from balance sheet optimization efforts and the ongoing pivot. There's also a risk of difficulties in identifying suitable assets for acquisition due to increased cost of capital or competition. In summary, the most significant risks are tied to the broader financial environment (interest rates and capital access), the inherent tenant/operator risks in healthcare real estate, which are heightened by the new focus on senior housing, and the general execution challenges associated with a major strategic shift.AI Analysis | Feedback
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Addressable Markets for Chiron Real Estate (XRN)
Chiron Real Estate Inc. (XRN), formerly known as Global Medical REIT Inc., is a net-lease medical REIT that has expanded its strategic focus to include senior housing and active adult communities in addition to its traditional medical office buildings. The addressable markets for its main products and services in the U.S. are as follows:
Medical Office Buildings (MOBs)
- The U.S. medical office buildings market generated approximately $14.08 billion in revenue in 2023 and is projected to reach approximately $22.04 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 6.6% from 2024 to 2030.
- As of 2025, the total U.S. medical office inventory is approximately 1.6 billion square feet. The sector's nationwide inventory exceeds 2.2 billion square feet across nearly 29,000 properties.
- Transaction volume in the MOB sector reached $18.2 billion in 2024.
Senior Housing Operating Portfolio (SHOP) and Other Senior Living
- The U.S. senior living market was valued at approximately $923.20 billion in 2023 and is projected to grow at a CAGR of 4.16%, reaching approximately $1.22 trillion by 2030.
- The U.S. senior living market size was valued at approximately $943.90 billion in 2025 and is expected to reach $1.33 trillion by 2033.
- The senior living and retirement community sector is projected to expand at a robust CAGR of 7.7% from 2024 to 2030 in the U.S.
Active Adult Communities
- The U.S. active adults (55+) community market size was estimated at approximately $635.5 billion in 2024 and is projected to reach approximately $906.6 billion by 2033, growing at a CAGR of 4.02% from 2025 to 2033.
- Another estimate placed the U.S. active adults (55+) community market size at approximately $661.0 billion in 2025.
- This segment constituted the largest share of 70.03% in the U.S. senior living market in 2025.
- As of the first quarter of 2025, approximately 800 active adult rental properties, totaling around 118,000 units, were tracked in the U.S.
AI Analysis | Feedback
For Chiron Real Estate (symbol: XRN), formerly Global Medical REIT Inc., the following are expected drivers of future revenue growth over the next 2-3 years:
- Strategic Acquisitions and Portfolio Expansion: The company's primary driver for revenue growth is the strategic acquisition of purpose-built healthcare facilities. For instance, in the first half of 2025, Global Medical REIT Inc. completed a five-property portfolio acquisition for $69.6 million. Chiron Real Estate has a solid investment pipeline, with approximately $500 million in potential deals that offer attractive first-year cash returns in the 7.5% to 8% range. This strategy focuses on acquiring high-quality outpatient properties and diversifying tenants, which aligns with demographic healthcare trends and supports long-term revenue growth.
- Contractual Rent Escalations: Chiron Real Estate benefits from embedded annual rent escalators within its lease agreements, typically around 2.1%. This built-in growth mechanism contributes to steady increases in rental revenue, particularly as in-place rents are estimated to be significantly below market, positioning the company for substantial rent growth when leases reset to market rates over time.
- Increased Occupancy Rates: The company aims to further increase its portfolio occupancy. As of Q3 2025, the portfolio was 95.2% leased, with expectations to trend towards 96% by year-end 2025. Efforts include successful re-tenanting of facilities, such as the Beaumont, Texas property with CHRISTUS Health, which directly contributes to higher rental income.
- Strategic Pivot into New Market Segments: Chiron Real Estate has announced a strategic pivot towards Active Adult, SHOP (Senior Housing Operating Properties), and Specialty Medical segments. This expansion into new areas, particularly premium active adult and senior housing, is driven by demographic tailwinds and limited supply, offering new opportunities for growth and value creation beyond its traditional medical office focus.
- Capital Recycling to Fund Higher-Growth Investments: The company plans to utilize a disciplined capital recycling strategy, identifying approximately $250 million in assets for potential disposition. The proceeds from these sales are intended to fund new, higher-return investments and improve the overall portfolio quality, thus unlocking future cash flow growth. Near-term acquisitions are expected to be primarily funded through this asset recycling.
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Share Repurchases
- Chiron Real Estate (then Global Medical REIT) established a $50 million common stock repurchase program in August 2025.
- As of December 31, 2025, the company had repurchased 175,634 shares for an aggregate of $6.0 million under this program.
Share Issuance
- In November 2025, the company completed a public offering of 8.00% Series B Cumulative Redeemable Preferred Stock, raising approximately $50 million in gross proceeds.
- In February 2026, the company raised an additional $51.3 million through a public offering of 8.00% Series B preferred stock.
- As of March 2026, Chiron Real Estate Inc. registered up to $288,010,090 of common stock available under an amended at-the-market (ATM) sales agreement, which had an original capacity of $300,000,000 and reflects $11,989,910 previously sold. The company also launched a new ATM program for up to $75 million of Series B preferred stock.
Outbound Investments
- In January 2026, Chiron Real Estate committed $7.1 million for a 49% interest in a joint venture to develop a 132-unit luxury active adult community, marking a strategic entry into active adult residential assets.
Capital Expenditures
- Year-to-date capital expenditures and leasing costs as of the third quarter of 2025 totaled $9.7 million, with full-year guidance for 2025 estimated between $12 million and $14 million.
- For the trailing twelve months ended September 2025, capital expenditure was -$132.20 million.
- The company anticipates approximately $250 million in asset dispositions, expected in Q2 or Q3 of 2026, with proceeds intended to fund new investments in senior housing and other opportunities.
Trade Ideas
Select ideas related to XRN.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03272026 | SBAC | SBA Communications | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 32.4% | 32.4% | 0.0% |
| 03132026 | HIW | Highwoods Properties | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 13.3% | 13.3% | -4.1% |
| 03062026 | ARE | Alexandria Real Estate Equities | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -18.9% | -18.9% | -19.1% |
| 03062026 | VNO | Vornado Realty Trust | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 11.0% | 11.0% | -8.3% |
| 02272026 | KRC | Kilroy Realty | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 13.7% | 13.7% | -5.4% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 57.00 |
| Mkt Cap | 10.4 |
| Rev LTM | 2,002 |
| Op Inc LTM | 359 |
| FCF LTM | 645 |
| FCF 3Y Avg | 495 |
| CFO LTM | 848 |
| CFO 3Y Avg | 801 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.3% |
| Rev Chg 3Y Avg | 11.6% |
| Rev Chg Q | 16.0% |
| QoQ Delta Rev Chg LTM | 3.7% |
| Op Inc Chg LTM | 7.3% |
| Op Inc Chg 3Y Avg | 12.7% |
| Op Mgn LTM | 16.2% |
| Op Mgn 3Y Avg | 15.5% |
| QoQ Delta Op Mgn LTM | -0.8% |
| CFO/Rev LTM | 41.9% |
| CFO/Rev 3Y Avg | 40.8% |
| FCF/Rev LTM | 21.2% |
| FCF/Rev 3Y Avg | 21.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 10.4 |
| P/S | 6.5 |
| P/Op Inc | 37.2 |
| P/EBIT | 20.0 |
| P/E | 43.2 |
| P/CFO | 15.2 |
| Total Yield | 5.3% |
| Dividend Yield | 4.9% |
| FCF Yield 3Y Avg | 3.2% |
| D/E | 0.5 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.2% |
| 3M Rtn | 5.4% |
| 6M Rtn | 14.3% |
| 12M Rtn | 36.4% |
| 3Y Rtn | 52.3% |
| 1M Excs Rtn | 4.9% |
| 3M Excs Rtn | -2.3% |
| 6M Excs Rtn | 0.5% |
| 12M Excs Rtn | 6.2% |
| 3Y Excs Rtn | -30.6% |
Price Behavior
| Market Price | $37.45 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 06/21/2013 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $34.12 | $33.30 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | 9.8% | 12.5% |
| 3M | 1YR | |
| Volatility | 37.8% | 30.8% |
| Downside Capture | 181.53 | 56.58 |
| Upside Capture | 148.77 | 71.01 |
| Correlation (SPY) | 45.1% | 28.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.45 | 0.85 | 0.69 | 0.52 | 0.57 | 0.73 |
| Up Beta | 0.17 | -0.00 | 0.06 | 0.41 | 0.78 | 0.69 |
| Down Beta | 4.93 | 1.23 | 0.99 | 0.92 | 0.61 | 0.75 |
| Up Capture | 65% | 110% | 92% | 57% | 27% | 35% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 15 | 26 | 38 | 71 | 130 | 378 |
| Down Capture | 67% | 116% | 81% | 28% | 62% | 94% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 7 | 17 | 26 | 54 | 120 | 363 |
[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 XRN | |
|---|---|---|---|---|
| XRN | 24.0% | 31.2% | 0.71 | - |
| Sector ETF (XLRE) | 10.0% | 13.7% | 0.45 | 42.9% |
| Equity (SPY) | 26.8% | 12.1% | 1.67 | 28.4% |
| Gold (GLD) | 37.5% | 26.8% | 1.16 | 2.4% |
| Commodities (DBC) | 43.5% | 18.6% | 1.80 | -22.5% |
| Real Estate (VNQ) | 12.0% | 13.4% | 0.59 | 47.5% |
| Bitcoin (BTCUSD) | -27.2% | 41.8% | -0.65 | 6.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with XRN | |
|---|---|---|---|---|
| XRN | -4.6% | 28.8% | -0.14 | - |
| Sector ETF (XLRE) | 4.6% | 19.0% | 0.14 | 64.6% |
| Equity (SPY) | 13.8% | 17.0% | 0.64 | 47.8% |
| Gold (GLD) | 19.3% | 18.0% | 0.87 | 12.5% |
| Commodities (DBC) | 10.8% | 19.4% | 0.44 | 7.9% |
| Real Estate (VNQ) | 3.8% | 18.8% | 0.10 | 67.9% |
| Bitcoin (BTCUSD) | 9.3% | 55.6% | 0.37 | 16.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with XRN | |
|---|---|---|---|---|
| XRN | 5.2% | 34.3% | 0.24 | - |
| Sector ETF (XLRE) | 6.8% | 20.4% | 0.29 | 60.5% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 45.9% |
| Gold (GLD) | 13.2% | 16.0% | 0.68 | 8.7% |
| Commodities (DBC) | 7.8% | 17.9% | 0.35 | 13.8% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 64.3% |
| Bitcoin (BTCUSD) | 67.3% | 66.9% | 1.06 | 13.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -9.2% | -3.6% | |
| 2/25/2026 | -1.6% | -2.4% | -10.1% |
| 11/4/2025 | 5.5% | 8.8% | 7.3% |
| 8/5/2025 | -3.7% | -0.3% | 11.9% |
| 2/27/2025 | 3.8% | 3.8% | 5.6% |
| 11/6/2024 | -2.9% | -3.9% | -7.7% |
| 8/6/2024 | -3.7% | -2.8% | -1.0% |
| 5/7/2024 | 3.5% | 3.0% | 8.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 11 | 11 |
| # Negative | 11 | 9 | 8 |
| Median Positive | 3.5% | 3.0% | 8.0% |
| Median Negative | -2.3% | -3.4% | -6.8% |
| Max Positive | 5.5% | 10.5% | 17.0% |
| Max Negative | -9.2% | -3.9% | -10.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Monthly Dividend | 0.16 | ||||||
| 2026 Core FFO per share and unit | 4.3 | 4.38 | 4.45 | ||||
Prior: Q4 2025 Earnings Reported 2/25/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Core FFO per share and unit | 4.3 | 4.38 | 4.45 | ||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Cypher, Matthew | Direct | Buy | 5152026 | 35.12 | 1,420 | 49,874 | 59,357 | Form | |
| 2 | Wittman, Lori | Direct | Buy | 5132026 | 33.85 | 2,940 | 99,515 | 99,515 | Form | |
| 3 | Marston, Ronald | Trust | Buy | 5132026 | 34.07 | 1,500 | 51,110 | 104,470 | Form | |
| 4 | Barber, Jamie Allen | General Counsel and Secretary | IRA | Buy | 5132026 | 33.50 | 1,481 | 49,614 | 49,614 | Form |
| 5 | Crowley, Paula | revocable trust | Buy | 5112026 | 34.00 | 1,000 | 34,000 | 34,000 | Form |
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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