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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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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.
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.
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 on -$3.1M FCF.
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 reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 8%. 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
Where each multiple sits in its own 9-yr range · 42th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 9-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 966% against ROIC 8% — 957% of the return on equity comes from leverage and buybacks rather than from the operating business.
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 4.9× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | — | — | — | — | — | — | — | 13.1 |
| SG&A | 16.7 | 15.9 | 19.2 | 14.7 | 12.9 | 31.5 | 29.5 | 22.7 |
| Operating Income | -3.6 | 27.1 | 13.0 | 9.5 | -19.0 | -4.8 | 0.9 | 3.1 |
| Income Tax | -0.2 | 0.0 | — | — | — | — | — | 0.2 |
| Net Income | -54.0 | 27.3 | -3.9 | -4.4 | -19.1 | -22.7 | -17.6 | 6.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on RHEP: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
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 $2.4M is below the $26.4M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2018-12-31 (10-K).
Thin coverage — earnings barely cover interest. Effective rate ~6.7% on $40.2M of debt.
Cash of $3.0M is below short-term debt of $5.4M — relies on refinancing/operations.
Mostly long-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.
EOD close · as of 2026-10-29
How a revenue dollar becomes profit — FY2025
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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53.2M 100.0% | $18.3M 100.0% | $17.2M 100.0% | $35.9M 100.0% | $26.7M 100.0% | $17.6M 100.0% | $20.1M 100.0% | $22.0M 100.0% | $25.1M 100.0% | $27.6M 100.0% |
| Cost of Revenue | $7.0M 13.1% | — | — | — | — | — | — | — | — | — |
| Selling, General & Admin | $12.0M 22.7% | $5.4M 29.5% | $5.4M 31.5% | $4.7M 12.9% | $3.9M 14.7% | $3.4M 19.2% | $3.2M 15.9% | $3.7M 16.7% | $3.9M 15.3% | $7.7M 27.9% |
| Total Operating Expenses | $54.2M 102.0% | $18.2M 99.1% | $18.0M 104.8% | $42.7M 119.0% | $24.2M 90.5% | $15.3M 87.0% | $14.7M 72.9% | $22.8M 103.6% | $20.0M 79.6% | $23.1M 83.6% |
| Operating Income | $1.7M 3.1% | $161K 0.9% | -$821K -4.8% | -$6.8M -19.0% | $2.5M 9.5% | $2.3M 13.0% | $5.5M 27.1% | -$792K -3.6% | $5.1M 20.4% | $4.5M 16.4% |
| Interest Expense | $2.7M 5.0% | $2.7M 14.8% | $2.8M 16.0% | $2.5M 7.0% | $2.7M 10.0% | $2.8M 15.8% | $5.3M 26.1% | $5.9M 26.9% | $4.1M 16.3% | $7.1M 25.9% |
| Other Income (Expense), net | $1.7M 3.2% | -$3.4M -18.4% | -$3.1M -17.9% | -$45K -0.1% | -$3.7M -13.9% | -$2.9M -16.5% | -$588K -2.9% | -$11.2M -50.9% | -$4.6M -18.4% | $1.3M 4.7% |
| Pretax Income | — | — | — | — | -$1.1M -4.3% | -$604K -3.4% | $4.9M 24.2% | -$12.0M -54.5% | $506K 2.0% | $5.8M 21.0% |
| Income Tax Expense | $108K 0.2% | — | — | — | — | — | $0 0.0% | -$38K -0.2% | -$188K -0.7% | -$163K -0.6% |
| Net Income | $3.4M 6.3% | -$3.2M -17.6% | -$3.9M -22.7% | -$6.9M -19.1% | -$1.2M -4.4% | -$688K -3.9% | $5.5M 27.3% | -$11.9M -54.0% | -$985K -3.9% | -$7.5M -27.0% |
| Per Share | ||||||||||
| EPS (Basic) | $1.09 | -$1.73 | $21.05 | -$8.93 | -$5.87 | — | — | — | — | -$0.74 |
| EPS (Diluted) | $1.09 | -$1.73 | $21.05 | -$8.93 | -$5.87 | — | — | — | — | -$0.74 |
| Weighted Avg Shares (Basic) | 3K | 2K | 2K | 1.8M | 1.7M | — | — | — | — | 19.9M |
| Weighted Avg Shares (Diluted) | 3K | 2K | 2K | 1.8M | 1.7M | — | — | — | — | 19.9M |
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.
Ranked against 32 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 | 33.5× | — | 0.9× | 13.4% | 18.7% | 2.9% | 13.0% | 7.1% | — | 275 |
| BEKE | $19.4B | 147.6× | 42.0× | 1.4× | 5.6% | 21.4% | 3.2% | 4.5% | 4.5% | -2.5× | 39 |
| JLL | $16.4B | 21.9× | 12.3× | 0.6× | 11.4% | — | 3.0% | 10.6% | 10.4% | -0.4× | 168 |
| INVH | $15.5B | 27.7× | — | 5.7× | 4.2% | — | 21.5% | 6.2% | 3.3% | — | 133 |
| TRNO | $7.2B | 16.8× | — | 15.0× | 24.5% | — | 84.6% | 9.7% | 7.9% | — | 72 |
| COMP | $6.9B | — | 136.1× | 1.0× | 23.7% | — | -0.8% | -7.5% | -7.5% | -4.0× | 78 |
| FSV | $6.3B | 45.7× | 13.9× | 1.1× | 5.4% | — | 3.5% | 13.9% | 7.8% | 1.8× | 47 |
| CIGI | $4.9B | 47.9× | 10.2× | 0.9× | 15.3% | — | 4.0% | 14.6% | 7.1% | 2.3× | 21 |
| JOE | $4.0B | 35.2× | 21.8× | 7.7× | 27.4% | 43.1% | 22.5% | 15.1% | 10.0% | 1.4× | 72 |
| CURB | $3.5B | 77.1× | — | 18.9× | 51.3% | — | 21.8% | 2.1% | 1.7% | — | 48 |
| CWK | $3.1B | 35.0× | 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 |
| NMRK | $2.1B | 16.9× | 9.0× | 0.6× | 20.3% | — | 3.8% | 8.6% | 5.9% | 1.6× | 58 |
| GTY | $1.9B | 20.7× | — | 8.5× | 9.0% | — | 35.7% | 7.4% | 3.8% | — | 66 |
| OPEN | $1.8B | — | — | 0.4× | -15.2% | 8.0% | -29.7% | -129% | -129% | — | 66 |
| IIPR | $1.4B | 13.2× | 9.0× | 5.4× | -13.8% | — | 44.5% | 6.4% | 5.3% | 1.8× | 68 |
| FOR | $1.2B | 7.3× | — | 0.7× | 10.1% | 21.9% | 10.1% | 9.5% | 6.5% | — | 29 |
| AGNT | $648M | — | — | 0.1× | 4.5% | 7.0% | -0.5% | -9.4% | -9.4% | — | — |
| HPP | $572M | — | 1.3× | 0.7× | -1.3% | 48.5% | -71.3% | -19.9% | -19.9% | -0.4× | 32 |
| GOOD | $553M | 81.6× | — | 3.4× | 8.0% | — | 12.0% | 11.2% | 1.9% | — | 47 |
| REAX | $524M | — | — | 0.3× | 55.7% | 8.4% | -0.4% | -15.7% | -15.7% | — | — |
| AHRT | $454M | — | 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 |
| BOC | $369M | — | 30.7× | 3.2× | 5.6% | 65.8% | -10.9% | -2.4% | -2.2% | 2.5× | 21 |
| RHEP | $4M | 0.9× | 11.0× | 0.1× | 190% | 86.9% | 6.3% | 966% | 8.3% | 10.0× | — |
Peers = companies sharing RHEP's sector (Lessors of Real Property, NEC) 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.
Cost of capital cannot be computed, so the spread is unknown.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | not reported | 16.4% | -27.0% |
| FY2017 | not reported | 20.4% | -3.9% |
| FY2018 | not reported | -3.6% | -54.0% |
| FY2019 | not reported | 27.1% | 27.3% |
| FY2020 | not reported | 13.0% | -3.9% |
| FY2021 | not reported | 9.5% | -4.4% |
| FY2022 | not reported | -19.0% | -19.1% |
| FY2023 | not reported | -4.8% | -22.7% |
| FY2024 | not reported | 0.9% | -17.6% |
| FY2025 | 86.9% | 3.1% | 6.3% |
Leverage and buybacks account for 957 points of the 966% return on equity in FY2025. The business earns 8% 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: tax_rate.
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 2018-12-31, 2861 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2018-12-31 (10-K); cash from the 2018-12-31 balance sheet; FCF from FY2018.
Balance sheet at 2018-12-31. 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.
At $1.02, free cash flow must compound 8.29%/yr for 10 years. It has no positive compounding record to compare against.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | −63.9% | 8.3% |
| FY2021 | 464.6% | 8.3% |
| FY2022 | −181.3% | 8.3% |
| FY2024 | −48.7% | 8.3% |
| FY2025 | −321.4% | 8.3% |
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM.
The cost of capital could not be computed for this company, so the requirement is solved at the published 10% default — a different rate would move it materially.