TAREX
Third Avenue Real Estate Value Fund Institutional Class
1W: -1.5%
1M: -11.4%
3M: -9.4%
YTD: -9.3%
1Y: -4.6%
3Y: +35.9%
5Y: +18.4%
$21.76
-0.62 (-2.77%)
ETF-Level Metrics
AUM$356M
Holdings31
Top 10 Wt51.1%
Beta1.35
% Profitable74%
Coverage94%
Portfolio Valuation
P/E7.2
P/B0.7
P/S0.7
EV/EBITDA29.5
P/FCF5.2
PEG-2.62
Profitability & Returns
Gross Margin66.2%
Net Margin9.5%
ROE9.2%
ROA0.5%
ROIC1.8%
Div Yield2.03%
Leverage & Liquidity
Debt/Equity15.13
Debt/Assets0.90
Net Debt/EBITDA27.7x
Interest Cov1.0x
Current Ratio1.78
Quick Ratio1.30
Growth (YoY)
Revenue+16.2%
Net Income-1.5%
EPS-4.7%
FCF+44.7%
EBITDA+23.1%
Rev CAGR 3Y+12.4%
Quality Scores
Piotroski F5.8
Altman Z2.36
IS Quality63.4
IS Overall56.3
IS Value68.5
Median P/E17.5
Sector Breakdown
5 sectors| Sector | # Holdings | Total Weight % | Avg P/E |
|---|---|---|---|
| Real Estate | 18 | 47.0% | 98.6 |
| Financial Services | 4 | 23.0% | 24.1 |
| Consumer Cyclical | 6 | 17.4% | 14.7 |
| Industrials | 3 | 6.4% | 42.6 |
| Other | 7 | 5.3% | — |
Smart Money Overlap
0 holdings with signalsNo holdings with active convergence signals
Showing 38 of 38 holdings
· Page 1 of 1
| # | Name | Ticker | Weight % ▼ | Mkt Value | Shares | P/E | Mkt Cap | Sector |
|---|---|---|---|---|---|---|---|---|
| 1 | FANNIE MAE | FNMAS | 6.95% | $25.6M | 1,521,219 | 2.2 | $8.9B | Financial Services |
| 2 | FREDDIE MAC | FMCKJ | 6.92% | $25.4M | 1,590,101 | 1.5 | $6.8B | Financial Services |
| 3 | Brookfield Corp | BN.TO | 6.68% | $24.6M | 533,907 | 73.2 | $117.9B | Financial Services |
| 4 | CBRE Group Inc | CBRE | 6.00% | $22.1M | 144,925 | 33.9 | $39.3B | Real Estate |
| 5 | Dreyfus Treasury Securities Cash Management Bond | — | 5.27% | $19.4M | 19,391,251 | — | — | — |
| 6 | Five Point Holdings LLC | FPH | 4.71% | $17.3M | 2,960,153 | 5.0 | $354M | Real Estate |
| 7 | Prologis Inc | PLD | 4.61% | $17.0M | 136,715 | 36.1 | $119.0B | Real Estate |
| 8 | Lennar Corp | LEN-B | 4.46% | $16.4M | 139,102 | 12.4 | $21.8B | Consumer Cyclical |
| 9 | Jones Lang LaSalle Inc | JLL | 4.02% | $14.8M | 48,529 | 17.5 | $13.9B | Real Estate |
| 10 | Big Yellow Group PLC | BYG.L | 3.54% | $9.9M | 890,360 | 13.1 | $1.7B | Real Estate |
| 11 | Berkeley Group Holdings PLC | BKGFF | 3.24% | $9.1M | 224,850 | 9.3 | $5.3B | Consumer Cyclical |
| 12 | U-Haul Holding Co | UHALB | 3.22% | $11.8M | 243,939 | 88.6 | — | Industrials |
| 13 | Sun Communities Inc | SUI | 3.13% | $11.5M | 91,072 | 11.7 | $16.1B | Real Estate |
| 14 | PulteGroup Inc | PHM | 3.08% | $11.3M | 94,595 | 10.0 | $22.0B | Consumer Cyclical |
| 15 | DR Horton Inc | DHI | 2.98% | $10.9M | 73,449 | 11.7 | $38.8B | Consumer Cyclical |
| 16 | UNITE Group PLC/The | UTGPF | 2.94% | $8.2M | 1,449,846 | 23.4 | $3.2B | Real Estate |
| 17 | Savills PLC | SVLPF | 2.80% | $7.8M | 778,251 | 17.5 | $1.8B | Real Estate |
| 18 | CK Asset Holdings Ltd | 1113.HK | 2.74% | $78.2M | 2,035,326 | 13.9 | $159.9B | Real Estate |
| 19 | Fidelity National Financial In | FNF | 2.49% | $9.2M | 165,749 | 19.4 | $11.7B | Financial Services |
| 20 | National Storage REIT | NSR.AX | 2.24% | $12.6M | 5,466,885 | 17.4 | $3.9B | Real Estate |
| 21 | First Industrial Realty Trust | FR | 2.01% | $7.4M | 133,565 | 30.5 | $7.6B | Real Estate |
| 22 | Segro PLC | SGRO.L | 1.92% | $5.4M | 770,423 | 21.9 | $9.4B | Real Estate |
| 23 | Champion Homes Inc | SKY | 1.85% | $6.8M | 99,956 | 19.2 | $4.1B | Consumer Cyclical |
| 24 | Jardine Matheson Holdings Ltd | JARB.L | 1.83% | $6.7M | 114,900 | 19.9 | $15.1B | Industrials |
| 25 | Accor SA | ACRFF | 1.83% | $5.9M | 132,551 | 25.6 | $10.5B | Consumer Cyclical |
| 26 | Wharf Holdings Ltd/The | WARFF | 1.60% | $45.8M | 2,243,392 | 1443.7 | $9.7B | Real Estate |
| 27 | American Homes 4 Rent | AMH | 1.54% | $5.7M | 179,813 | 22.4 | $9.9B | Real Estate |
| 28 | WESCO International Inc | WCC | 1.35% | $5.0M | 19,148 | 19.3 | $12.2B | Industrials |
| 29 | Rayonier Inc | RYN | 1.21% | $4.5M | 202,154 | 6.4 | $3.1B | Real Estate |
| 30 | Ingenia Communities Group | INGEF | 1.11% | $6.3M | 1,115,309 | 11.4 | $1.2B | Real Estate |
| 31 | Weyerhaeuser Co | WY | 0.87% | $3.2M | 139,777 | 50.0 | $16.2B | Real Estate |
| 32 | Trinity Place Holdings Inc | TPHS | 0.02% | $84,019 | 2,100,472 | -0.4 | $2M | Real Estate |
| 33 | JPMORGAN CHASE BANK, NATIONAL ASSOCIATION Private | — | 0.00% | $1,155 | 35,000,000 | — | — | — |
| 34 | JPMORGAN CHASE BANK, NATIONAL ASSOCIATION Private | — | 0.00% | $0 | 12,000,000 | — | — | — |
| 35 | CONCRETE INVEST II TERM LOAN TRAN A2 Private | — | —% | — | 46,365 | — | — | — |
| 36 | TRINITY PLACE HOLDINGS INC Private | — | —% | — | 3,475,472 | — | — | — |
| 37 | JPMORGAN CHASE BANK, NATIONAL ASSOCIATION Private | — | —% | — | — | — | — | — |
| 38 | JPMORGAN CHASE BANK, NATIONAL ASSOCIATION Private | — | —% | — | — | — | — | — |