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Real Estate · Real Estate · MD · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $442.6M | $502.0M | — | — | — | — |
| Operating income | — | — | — | — | — | — |
| Net income | −$272.4M | −$136.1M | −$69.4M | −$6.1M | −$8.2M | $6.7M |
| Total assets | $3.49B | $3.82B | $3.99B | $3.98B | $4.24B | $3.95B |
| Total liabilities | $2.61B | $2.67B | $2.73B | $2.59B | $2.74B | $2.34B |
| Equity | $881.0M | $1.15B | $1.26B | $1.39B | $1.50B | $1.61B |
| EPS (diluted) | $-3.79 | $-2.63 | $-1.44 | $-0.14 | $-0.17 | $0.14 |
| Shares out. | 69.8M | 48.8M | 48.6M | 48.4M | 48.3M | 48.2M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- −61.5%
- Return on equity
- −30.9%
- Return on assets
- −7.8%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 74.7%
- Debt / equity
- 2.96×
- Book value / share
- $12.62
- Revenue growth (YoY)
- −11.8%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −7.6%clean
- Piotroski F-Score
- 1/7weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 4 warning● 1 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 15, 2026
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- D. E. Shaw & Co, L.P.Passive (13G)Aug 14, 2025
- Msd Partners, L.P.Passive (13G)Aug 13, 2025
- Vanguard Group IncPassive (13G)Jul 29, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Material events
SEC Form 8-K · most recent- Regulation FD disclosure · Other material eventMay 6, 2026
- Bankruptcy or receivershipApr 28, 2026
- Regulation FD disclosureApr 1, 2026
- Regulation FD disclosureMar 13, 2026
- Regulation FD disclosureMar 4, 2026
- Regulation FD disclosureFeb 20, 2026
- Regulation FD disclosureFeb 10, 2026
- Entered a material agreement · Bankruptcy or receivershipFeb 6, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 10-QMay 22, 2026
- 10-KMay 22, 2026
- 10-QMay 22, 2026
- EFFECTMay 21, 2026
- EFFECTMay 21, 2026
- NT 10-QMay 15, 2026
- S-8 POSMay 15, 2026
- S-8 POSMay 15, 2026
- S-8 POSMay 15, 2026
- POS AMMay 15, 2026
- POS AMMay 15, 2026
- 8-KFORM 8-KMay 6, 2026
- 8-KFORM 8-KApr 28, 2026
- 8-KFORM 8-KApr 1, 2026
- 8-KFORM 8-KMar 13, 2026