Lease RatesLease rates and renewals are nearly 40% above original forecasts due to demand exceeding supply, especially on renewals.
Market DemandPrivate hangar demand is strong, with the US business aviation fleet having doubled over the past 20 years.
ValuationShares are considered very undervalued, now trading at 8.2x pro forma 2027E EBITDA, with an upside to the price target of 128%.