Loading institutional data...
Loading institutional data...
No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
Loading snapshot...
Loading financials...
Loading valuation...
Loading analysis...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Ranked against 17 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CBRE | $37.1B | 33.4× | — | 0.9× | 13.4% | 18.7% | 2.9% | 13.0% | 7.1% | — | 275 |
| TRNO | $7.2B | 16.8× | — | 15.0× | 24.5% | — | 84.6% | 9.7% | 7.9% | — | 72 |
| FSV | $6.3B | 45.6× | 13.8× | 1.1× | 5.4% | — | 3.5% | 13.9% | 7.8% | 1.8× | 47 |
| CIGI | $4.9B | 47.6× | 10.1× | 0.9× | 15.3% | — | 4.0% | 14.6% | 7.1% | 2.3× | 21 |
| CURB | $3.5B | 77.7× | — | 19.1× | 51.3% | — | 21.8% | 2.1% | 1.7% | — | 48 |
| CWK | $3.1B | 34.5× | 9.1× | 0.3× | 8.9% | — | 0.9% | 4.5% | 1.9% | 3.5× | 3 |
| UE | $2.5B | 26.6× | — | 5.3× | 6.1% | — | 19.8% | 6.8% | 6.8% | — | 45 |
| GTY | $1.9B | 20.8× | — | 8.5× | 9.0% | — | 35.7% | 7.4% | 3.8% | — | 66 |
| IIPR | $1.6B | 13.6× | 9.7× | 5.9× | -13.8% | — | 44.5% | 6.4% | 5.3% | 1.8× | 68 |
| FOR | $1.3B | 7.6× | — | 0.8× | 10.1% | 21.9% | 10.1% | 9.5% | 6.5% | — | 29 |
| HPP | $602M | — | 1.4× | 0.7× | -1.3% | 48.5% | -71.3% | -19.9% | -19.9% | -0.4× | 32 |
| AHRT | $456M | — | 14.0× | 2.2× | 2.7% | — | 2.7% | 0.9% | 0.3% | 10.3× | 43 |
| TRC | $453M | — | — | 9.1× | 18.4% | 29.2% | 0.2% | 0.0% | 0.0% | — | 26 |
| SKYH | $394M | 110.7× | — | 14.3× | 86.6% | — | 68.3% | 10.9% | 5.2% | — | 17 |
| FRPH | $364M | 105.2× | 30.2× | 8.5× | 2.6% | — | 7.8% | 0.8% | 0.5% | 10.5× | 22 |
| NTPIF | $268M | — | — | 5.6× | 64.5% | 25.7% | 0.2% | 0.1% | 0.0% | — | — |
| CHCI | $192M | — | 13.1× | 3.1× | 22.6% | 23.5% | 27.1% | 24.4% | 24.4% | -2.6× | 5 |
| AOXY | $340161 | 3.4× | — | 7.2× | 9.2% | — | — | 20.9% | 13.8% | — | — |
Peers = companies sharing AOXY's sector (Real Estate) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Insufficient data. Current ROIC on all capital: 14%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-29
How a revenue dollar becomes profit — FY2026
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47K 100.0% | $43K 100.0% | $43K 100.0% | $39K 100.0% | $40K 100.0% | $41K 100.0% | $43K 100.0% | $38K 100.0% | $40K 100.0% | $36K 100.0% |
| Selling, General & Admin | $6K 13.0% | $7K 15.3% | $7K 15.6% | $7K 17.8% | $7K 18.6% | $9K 20.9% | $7K 15.2% | $4K 9.5% | $3K 8.8% | $5K 15.0% |
| Total Operating Expenses | $31K 65.6% | $30K 68.3% | $28K 66.1% | $28K 71.6% | $26K 66.9% | $25K 59.7% | $135K 313.2% | $19K 50.1% | $19K 48.5% | $21K 57.6% |
| Operating Income | $16K 34.4% | $14K 31.7% | $14K 33.9% | $11K 28.4% | — | $17K 40.3% | -$92K -213.2% | $19K 49.9% | — | — |
| Interest Expense | — | — | — | $771 2.0% | $2K 4.9% | $3K 6.5% | $3K 7.6% | $4K 10.9% | $6K 14.6% | $7K 18.5% |
| Interest & Investment Income | — | $353 0.8% | $296 0.7% | — | — | — | — | — | — | — |
| Other Income (Expense), net | $15 0.0% | $353 0.8% | $296 0.7% | -$771 -2.0% | $52K 131.5% | -$3K -6.5% | — | — | — | — |
| Pretax Income | $16K 34.5% | $14K 32.5% | $15K 34.6% | $10K 26.5% | — | — | — | — | — | — |
| Income Tax Expense | -$87K -182.6% | $10K 23.0% | $9K 21.6% | $8K 20.7% | $8K 20.4% | $8K 19.9% | $8K 18.1% | $7K 17.9% | $7K 18.1% | $9K 23.9% |
| Net Income | $103K 217.0% | $4K 9.5% | $6K 13.1% | $2K 5.8% | $57K 144.2% | $6K 13.9% | -$103K -238.9% | $8K 21.1% | $7K 18.7% | $9 0.0% |
| Per Share | ||||||||||
| EPS (Basic) | $0.03 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | -$0.03 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | $0.03 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | -$0.03 | $0.00 | $0.00 | $0.00 |
| Weighted Avg Shares (Basic) | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.1M | 2.3M | 2.3M | 2.3M |
| Weighted Avg Shares (Diluted) | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.1M | 2.3M | 2.3M | 2.3M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
A reverse discounted cash flow is not shown for a REIT.
Depreciation swamps reported earnings for a property owner — which is why FFO exists. EBITDA leverage and a net-income DCF both mislead here.
Classified from the filings: SIC code.
Leverage ratios is not shown for a REIT.
Depreciation swamps reported earnings for a property owner — which is why FFO exists. EBITDA leverage and a net-income DCF both mislead here.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $94K covers the $17K due within a year 5.6× over. Scheduled principal only (excludes interest & revolver draws). As of 2022-06-30 (10-K).
Interest is easily covered by operating profit. Effective rate ~0.5% on $141K of debt. Interest last disclosed in FY2023 (no longer broken out).
Cash vs short-term debt unavailable.
Mostly short-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-29
Where each multiple sits in its own 15-yr range · 25th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 15-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 21% against ROIC 14% — 7% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is 22.6% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 2.0× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 9.5 | 15.2 | 20.9 | 18.6 | 17.8 | 15.6 | 15.3 | 13.0 |
| Operating Income | 49.9 | -213.2 | 40.3 | — | 28.4 | 33.9 | 31.7 | 34.4 |
| Income Tax | 17.9 | 18.1 | 19.9 | 20.4 | 20.7 | 21.6 | 23.0 | -182.6 |
| Net Income | 21.1 | -238.9 | 13.9 | 144.2 | 5.8 | 13.1 | 9.5 | 217.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AOXY: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Cost of capital cannot be computed, so the spread is unknown.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2017 | not reported | not reported | 0.0% |
| FY2018 | not reported | not reported | 18.7% |
| FY2019 | not reported | 49.9% | 21.1% |
| FY2020 | not reported | -213.2% | -238.9% |
| FY2021 | not reported | 40.3% | 13.9% |
| FY2022 | not reported | not reported | 144.2% |
| FY2023 | not reported | 28.4% | 5.8% |
| FY2024 | not reported | 33.9% | 13.1% |
| FY2025 | not reported | 31.7% | 9.5% |
| FY2026 | not reported | 34.4% | 217.0% |
Leverage and buybacks account for 7 points of the 21% return on equity in FY2026. The business earns 14% on the capital it employs; the rest is balance sheet.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: wacc.
Fewer than three profitable years with a cash flow statement, so cash conversion cannot be judged.
No material counter-signal in the checked set: FCF / net income over 3 and 5 years, Sloan accruals, SBC as a share of revenue, SBC as a share of operating cash flow, SBC-adjusted free cash flow, free cash flow per diluted share, buybacks against SBC issued, capex vs depreciation, free cash flow against revenue, share count since the first year on file, cash conversion cycle (DSO, DIO, DPO), receivables growth against revenue growth.
Missing from our data, so excluded from this answer: 3 years of cash flow.
Leverage is not measurable this way for a reit.
This schedule comes from a filing dated 2022-06-30, 1583 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2022-06-30 (10-K); cash from the 2022-06-30 balance sheet; FCF from FY2022.
Balance sheet at 2022-06-30. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Depreciation swamps reported earnings for a property owner — which is why FFO exists. EBITDA leverage and a net-income DCF both mislead here.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
No positive free cash flow to discount, so the price cannot be expressed as a growth requirement.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: free_cash_flow.