FTRE close: $25.1 on 2023-08-21 to $18.4 on 2026-08-21.
Split-adj closes · 240 of 783 · price returnⓘ
At a glance
Short interest11.7% of sh out
Days to cover6.6d
13F net flow (QoQ)+4.94%
Top-10 13F concentration53.4%
Next report (est.)2026-10-25
SI 2026-07-31 · 13F 2026-Q1ⓘ
Key fundamentalsFY 2025
Sales (TTM)$2.68B
Earnings (TTM)-$85.2M
ROE−102.4%
Net margin−36.2%
ROIC−36.2%
Debt / equity1.87×
Sales growth 3Y−1.4%
FY ratios · TTM sales/earnings (USD)ⓘ
Trailing returns
YTD+6.6%
1Y+137.4%
3Y−26.8%
Since incept. (ann.)−19.9%
Total return · from 2023-07-03ⓘ
Risk
Ann. volatility (1Y)74.9%
Ann. volatility (3Y)73.0%
Sharpe (1Y)1.55
Sharpe (3Y)0.22
Max drawdown (1Y)−51.8%
Max drawdown (3Y)−89.9%
Beta (3Y vs SPY)1.94
Daily returns, ann.ⓘ
Top institutional holders13F 2026-Q1
Manager
Shares
Value
% sh out
QoQ
BlackRock, Inc.
15.2M
$143M
16.21%
+2.6%
GOLDMAN SACHS GROUP INC
8.1M
$76M
8.66%
−2.1%
Corvex Management LP
4.6M
$44M
4.97%
+3.0%
Sessa Capital IM, L.P.
4.6M
$43M
4.91%
+15.0%
STATE STREET CORP
4.1M
$39M
4.40%
−0.0%
VANGUARD CAPITAL MANAGEMENT LLC
4.0M
$38M
4.32%
new
VANGUARD PORTFOLIO MANAGEMENT LLC
3.7M
$35M
3.95%
new
AQR CAPITAL MANAGEMENT LLC
3.3M
$31M
3.53%
+10.4%
Δ vs 2025-Q4 · Institutional 13F holdings sum to 107.0% of shares outstanding. Readings above 100% reflect securities-lending double counting: shares on loan to short sellers are reported long by both the lending institution and the one that bought them. FINRA short interest of 9,487,333 shares (settlement 2026-05-15) accounts for the excess.ⓘ
Latest reported quarterslast report 2026-07-29
Period end
Reported
EPS
EPS YoY
Revenue
Rev YoY
2026-06-30
2026-07-29
−$0.14
—
$678.2M
−4.5%
2026-03-31
2026-05-05
−$0.25
—
$636.5M
−2.3%
2025-12-31
2026-02-26
−$0.25
—
$660.5M
−5.2%
2025-09-30
2025-11-05
−$0.17
—
$701.3M
+3.9%
As-reported XBRL · next 2026-10-25 est.ⓘ
Segment mixFY2025 (ended Dec 2025)
North America 47% · Europe 31% · Other Geographical Areas 21%
geographic · TAGGED revenueⓘ
Basis & disclosures
EOD closes · nothing imputed or averaged · absent “—”
As-of differs by block · 13F = US long, 45+d lag, LOWER bound
Not investment advice · no recommendation, price target or solicitation
EDGAR + foreign registers · marketstack (licensed EOD) · spzco.com/methodology
