Also trades as: 0HJO.L (LSE) · $vol 0M

$184.06

Last traded 2026-08-17 — delisted

NYSE · Real Estate · REIT - Residential · $26.3B mcap · 134M float · 0.782% daily turnover · Short 49% of daily vol

Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Revenue

$3.0B +4.3% ▲

5Y CAGR: +5.7%

Gross Profit

$2.0B +10.6% ▲

5Y CAGR: +6.6%

Operating Income

$914M -0.2% ▼

5Y CAGR: +5.2%

Net Income

$1.1B -2.7% ▼

5Y CAGR: +4.9%

EPS (Diluted)

$7.39 -2.8% ▼

5Y CAGR: +4.7%

EBITDA

$2.2B +3.3% ▲

5Y CAGR: +5.0%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.3B	$2.6B	$2.8B	$2.9B	$3.0B
YoY Growth	-0.3%	+13.0%	+6.7%	+5.3%	+4.3%
Cost of Revenue	$854M	$919M	$988M	$1.1B	$1.0B
Gross Profit	$1.4B	$1.7B	$1.8B	$1.8B	$2.0B
Gross Margin	62.8%	64.6%	64.3%	63.2%	67.0%
R&D Expenses	$3M	$17M	$0	$0	$0
SG&A Expenses	$70M	$74M	$77M	$78M	$87M
Operating Expenses	$828M	$889M	$893M	$925M	$1.1B
Operating Income	$613M	$785M	$886M	$916M	$914M
Operating Margin	26.7%	30.3%	32.0%	31.4%	30.1%
Interest Expense	$220M	$230M	$206M	$227M	$259M
Income Before Tax	$1.0B	$1.2B	$939M	$1.1B	$1.1B
Tax Expense	$6M	$15M	$10M	$445K	-$1M
Net Income	$1.0B	$1.1B	$929M	$1.1B	$1.1B
Net Margin	43.8%	43.8%	33.6%	37.1%	34.6%
EPS (Diluted)	$7.17	$8.11	$6.56	$7.60	$7.39
EBITDA	$2.0B	$2.2B	$2.0B	$2.2B	$2.2B
Shares Outstanding	140M	140M	142M	142M	142M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$734M	$741M	$746M	$760M	$765M	$768M	$770M	$778M
Cost of Revenue	$275M	$282M	$269M	$277M	$213M	$244M	$249M	$752M
Gross Profit	$459M	$459M	$477M	$483M	$552M	$524M	$522M	$26M
Gross Margin	62.5%	62.0%	64.0%	63.6%	72.1%	68.2%	67.7%	3.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$20M	$18M	$20M	$23M	$22M	$22M	$22M	$0
Operating Expenses	$232M	$233M	$238M	$255M	$334M	$296M	$303M	-$186M
Operating Income	$227M	$226M	$239M	$228M	$218M	$228M	$219M	$212M
Operating Margin	30.9%	30.5%	32.1%	30.1%	28.5%	29.7%	28.4%	27.2%
Interest Expense	$56M	$59M	$60M	$65M	$65M	$69M	$71M	$70M
Income Before Tax	$373M	$282M	$236M	$269M	$384M	$166M	$328M	$157M
Tax Expense	$782K	-$253K	-$116K	-$531K	-$193K	-$295K	-$294K	$70K
Net Income	$373M	$282M	$237M	$269M	$381M	$166M	$326M	$156M
Net Margin	50.7%	38.1%	31.7%	35.3%	49.8%	21.6%	42.3%	20.0%
EPS (Diluted)	$2.61	$1.98	$1.66	$1.88	$2.68	$1.17	$2.31	$1.10
EBITDA	$641M	$556M	$514M	$566M	$680M	$468M	$278M	$460M
Shares Outstanding	143M	143M	142M	143M	144M	142M	141M	142M

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