Real Estate Operators (No Developers) & Lessors · SIC 6510

BOSTON OMAHA Corp

BOC

Watch

Latest revenue

$438.0K

as of 2026-03-31

Latest net income

$-2.1M

as of 2026-03-31

Net margin

-490.6%

as of 2026-03-31

7.0
of 10

ActaClear Score

Above avg
#2 of 4 in Real Estate Operators (No Developers) & Lessors
+1.3 · 2d
Profitability·25%
3.3
Growth·15%
10.0
Value·20%
3.3
Quality·20%
10.0
Momentum·20%
10.0

Computed from 5 years of SEC fundamentals + latest market data, ranked within Real Estate Operators (No Developers) & Lessors (4 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 7, 2026.

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Price · 5Y

-14.9% / yr 34.6 pts / yr vs S&P 500 49.8% total
Compare:

Live market

delayed ≤15 min
$13.75
Market cap
$415.9M
Enterprise value
$435.3M
P/E (trailing)
Forward P/E
P/B
0.82×
Dividend yield
0.0%
52-wk high
$14.49
52-wk low
$10.52
Beta
Shares out
30.2M

5-year trend

What this company does

AI

Item 1. Business. Our Company Boston Omaha Corporation, which we refer to as “the Company,” “our Company,” “we,” “us” or “our,” commenced its current business operations in June 2015 and currently operates four separate lines of business: outdoor billboard advertising, broadband services, surety insurance and related brokerage activities, and an asset management business. In addition, we hold minority investments in commercial real estate management and brokerage services, a bank focused on servicing the automotive loan market, a company serving the broadband industry, and a publicly-traded developer of private aviation infrastructure focused on building, leasing and managing business…

AI summary unavailable — showing raw filing excerpt

Generated from BOC's filing dated 2026-03-30

Key risks

AI

Item 1A. Risk Factors. An investment in shares of our common stock is highly speculative and involves a high degree of risk. You should carefully consider all of the risks discussed below, as well as the other information contained in this Annual Report. If any of the following risks or uncertainties actually occur, our business, financial condition, results of operations, cash flow and prospects could be materially adversely affected. Additional risks or uncertainties not currently known to us, or that we deem immaterial, may also have a material adverse effect on our business' financial condition, results of operations or prospects. We cannot assure you that any of the events discussed in…

AI summary unavailable — showing raw filing excerpt

Generated from BOC's filing dated 2026-03-30

Profitability

Operating margin

-3.4%

56.1%

Net margin

-10.9%

810.3%

Return on equity

-2.4%

892.6%

Return on assets

-1.7%

882.1%

Leverage

Debt / equity

0.38×

4.0%

Long-term debt / equity

0.09×

24.8%

Debt / assets

27.6%

2.9%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$438.0K-12.9%$-2.1M-221.2%-490.6%

Q4 2025

2025-12-31

$112.8M+6.0%$-6.9M-228.1%-6.1%

Q3 2025

2025-09-30

$528.3K-10.0%$-2.6M-62.2%-489.8%

Q2 2025

2025-06-30

$516.6K-13.6%$-2.3M-3.8%-449.1%

Q1 2025

2025-03-31

$502.8K-24.6%$-669.0K+76.2%-133.0%

Q4 2024

2024-12-31

$106.4M$5.3M5.0%

Q3 2024

2024-09-30

$587.2K+6.0%$-1.6M+2.9%-271.6%

Q2 2024

2024-06-30

$598.2K-5.4%$-2.2M-245.0%-373.6%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Real Estate Operators (No Developers) & Lessors · SIC 6510

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Insider activity

Insider buying

$1.9M

Insider selling

$3.0M

Net activity

−$1.1M

Distinct insiders

4

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2026-05-27

Jeffrey C Royal

Director

Purchase10,000$12.72$127.2K
2026-05-27

Jeffrey C Royal

Director

Purchase10,000$12.82$128.2K
2026-05-26

Jeffrey C Royal

Director

Purchase11,046$12.82$141.6K
2026-05-22

Jeffrey C Royal

Director

Purchase10,000$12.40$124.0K
2026-04-06

BOSTON OMAHA Corp

10%+ owner

Sale331,500$9.05$3.0M
2025-12-11

Thomas Burt

Director

Purchase14,738$13.62$200.8K
2025-12-03

Frank H. Kenan II

Director

Purchase16,743$12.94$216.7K
2025-12-03

Frank H. Kenan II

Director

Purchase8,000$12.92$103.4K
2025-12-02

Frank H. Kenan II

Director

Purchase6,496$12.67$82.3K
2025-12-02

Frank H. Kenan II

Director

Purchase4,452$12.65$56.3K
2025-12-01

Jeffrey C Royal

Director

Purchase10,000$12.72$127.2K
2025-12-01

Frank H. Kenan II

Director

Purchase44,196$12.67$560.1K

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns BOC

Institutional value

$168.6M

Total shares held

14.4M

Distinct holders

64

-57 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1MAGNOLIA GROUP, LLC5.6M$65.3M+0 (+0.0%)No change
2MASSACHUSETTS INSTITUTE OF TECHNOLOGY2.4M$28.6M+0 (+0.0%)No change
3DIMENSIONAL FUND ADVISORS LP1.6M$18.3M-2.2K (-0.1%)Trimmed
4BlackRock, Inc.1.6M$18.1M-27.5K (-1.7%)Trimmed
5VANGUARD CAPITAL MANAGEMENT LLC1.1M$12.3MNew
6PRIVATE MANAGEMENT GROUP INC917.6K$10.7M+205.0K (+28.8%)Added
7STEVENS CAPITAL PARTNERS456.6K$5.3M+20.8K (+4.8%)Added
8VANGUARD PORTFOLIO MANAGEMENT LLC219.7K$2.6MNew
9VANGUARD FIDUCIARY TRUST CO143.7K$1.7MNew
10Meixler Investment Management, Ltd.101.7K$1.3M-3.7K (-3.5%)Trimmed
11UBS Group AG70.4K$822.3K-10.5K (-13.0%)Trimmed
12Bank of New York Mellon Corp56.1K$654.8K-3.7K (-6.2%)Trimmed
13Nuveen, LLC39.0K$455.8K+218 (+0.6%)Added
14RHUMBLINE ADVISERS29.2K$341.1K-621 (-2.1%)Trimmed
15Flagstone Financial Management24.2K$282.8K+0 (+0.0%)No change
16Cetera Investment Advisers18.8K$219.7K-24.6K (-56.6%)Trimmed
17DEUTSCHE BANK AG\16.4K$191.9K-731 (-4.3%)Trimmed
18Invesco Ltd.15.5K$181.3KNew
19INSIGNEO ADVISORY SERVICES, LLC15.3K$178.4K+0 (+0.0%)No change
20JANE STREET GROUP, LLC15.0K$175.3K-7.8K (-34.3%)Trimmed

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

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