Strong Balance Sheet / Low LeverageA strong equity base and low debt-to-equity gives Tern durable financial flexibility to fund developments, absorb cyclical property downturns, and avoid distress financing. This structural strength supports multi-month project execution and preserves optionality for strategic investments.
Recurring Leasing Revenue And Service DiversificationRecurring rental income and property-management fees provide stable cash flow that cushions cyclical sales volatility in development. Over 2-6 months this steady revenue mix supports liquidity, predictable operating cash generation, and valuation resilience for core assets.
High Gross Profit Margins On OperationsSustained high gross margins indicate underlying pricing power or favorable development economics at the project level. If SG&A and financing burdens are addressed, these gross margins provide a structural runway to restore operating profitability over several quarters.