RELATIVE CO-MOVEMENT
SPY-adjustedHow the members are behaving together
Group median -1.69Strongest path TKOWeakest path COLD
Observed member paths adjusted against SPY. The median is emphasized; shading marks the latest observation window.
MARKET-DISCOVERED GROUP
REITs - Office & Mortgage
4 of 4 members show broad activity, but direction is mixed. Treat this as shared attention—not yet a clean group trade.
Participation4 of 4100% active now
DirectionMixed29% agreement—not a clean directional move
Outside confirmation3 of 8filing-linked outsiders moving with the group
Observed history4 episodes19 active sessions
01 · WHAT IS HAPPENING
The move and its drivers
02 · WHY IT MATTERS
The business context around the move
WHY THIS GROUP EXISTS
4/4 members coveredShared filing context
Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across ARE, COLD, LINE, TKO.
credit / rates affecting interest expense
“The increase in Interest expense was primarily due to an overall increase in outstanding debt, most notably the issuance of our $500.0 million Public 5.409% Notes during September of 2024 and the issuance of our $400.0 million Public 5.600% Notes during April of 2025, partially offset by a decrease in interest on the U.S. dollar denominated Revolver due to timing of draws outstanding, an increase in capitalized interest, and a decrease in interest on failed sale-leaseback facilities due to the purchase of eleven facilities previously accounted for as failed sale-leasebacks during the year ended December 31, 2024.”
COLD 10-K · 2026-02-26
restructuring affecting expense
“04) Loss from discontinued operations, net of tax — — 8,072 Impairment of related party loan receivable — — 21,972 Loss on put option — — 56,576 Core EBITDA $ 617,935 $ 634,141 $ 572,080 (1) Net loss used in the calculation of the Core EBITDA reconciliation represents Net loss before adjustment for Net loss attributable to noncontrolling interests. (2) Stock-based compensation expense excludes any non-routine stock compensation expense associated with certain employee awards, which are recognized within Acquisition, cyber incident, and other, net. (3) During the year ended December 31, 2023, management included certain losses from discontinued operations in NAREIT EBITDAre.”
COLD 10-K · 2026-02-26
restructuring
“As a result of the 2025 and 2024 annual evaluations, the Company concluded that the 81 Table of Contents estimated fair value of each of the reporting units was in excess of the corresponding carrying amount as of October 1 of both years, and no impairment of goodwill existed.”
COLD 10-K · 2026-02-26
WHERE IT COULD SPREAD
3 confirming nowFiling-linked outsiders
Companies outside the group that have disclosed links to its members. Their current state is a confirmation check, not a forecast.
TSNMoving with group
LINE · customer
Filing receipt
“During the nine months ended September 30, 2025, we have also began construction on a new greenfield in Dallas, TX under our arrangement with Tyson Foods (see Note 4, Bu…”
LTMMoving with group
LINE · investee
Filing receipt
“The net loss in both periods was primarily related to our investment in Emergent Cold LatAm Holdings, LLC.”
NFLXMoving with group
TKO · distributor
Filing receipt
“This increase was primarily due to $135.1 million of higher media rights, production and content revenue associated with media rights fees for Raw , SmackDown and NXT ,…”
PCGNot confirming
ARE · supplier
Filing receipt
“Pacific Gas and Electric Company (“PG&E”) is the primary public utility company providing electrical and gas service to residential and commercial customers in northern…”
03 · WHO IS IN IT
Member participation
COLDARELINETKO
4/4 active2 rising · 2 falling
MemberUnusual activityToday's moveRead now
COLDAmericold Realty Trust, Inc.
Most unusual
+2.8%
Most unusualActive; direction differs
AREAlexandria Real Estate Equities
Elevated
-3.3%
ElevatedActive; direction differs
LINELineage, Inc.
Elevated
-1.2%
ElevatedActive; direction differs
TKOTKO Group Holdings, Inc.
Elevated
+2.4%
ElevatedActive; direction differs
View exact member values
| TICKER | Company | Role now | Today | Trader interpretation |
|---|---|---|---|---|
| COLD | Americold Realty Trust, Inc. | Most unusual | +2.8% | Most unusual activity in this snapshot; performance direction may differ. |
| ARE | Alexandria Real Estate Equities | Participating | -3.3% | Active, but the group has not aligned on direction. |
| LINE | Lineage, Inc. | Participating | -1.2% | Active, but the group has not aligned on direction. |
| TKO | TKO Group Holdings, Inc. | Participating | +2.4% | Active, but the group has not aligned on direction. |
04 · HAS THIS HAPPENED BEFORE