MeritValue

ERP OPERATING LTD PARTNERSHIP

VRMKdata completeness 75%3 fiscal years on file
i. The business — what you’d actually own
FigureFY 2007FY 2008FY 2009
Revenue$1.82B1$1.98B1$1.94B1
Net income$1.05B2$433.8M2$382.6M2
Operating cash flow$793.2M3$755.3M3$672.5M3
Capital expenditure$252.7M4$169.8M4$123.9M4
Free cash flow (derived)$540.6M3,4$585.4M3,4$548.5M3,4
Total debt—$5.45B5$4.61B5
Cash & equivalents$50.8M6$890.8M6$193.3M6
Diluted shares———

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom). A derived or summed figure cites every filing line it was built from.

iii. Is this a good business?
Moat signal · return on equity
— avg · 3y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
— shares · 3y

Total debt has fallen 15% — deleveraging.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.6.0
DCF · Growth Exit 10Y
not applicable
no diluted share count — cannot compute per-share value
DCF · Growth Exit 5Y
not applicable
no diluted share count — cannot compute per-share value
Earnings Power Value
not applicable
no diluted share count
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Beyond this page

This page is free, and so is every other company on MeritValue.

In your AI assistant

Connect the MeritValue MCP server to Claude or another MCP client, ask about ERP OPERATING LTD PARTNERSHIP, and get these exact figures with their filing receipts — not an improvised DCF.

Get a free key →
Screen by model

Pull the companies with a published value under any model (up to 500 a request, filtered by data completeness) into your own sheet or agent. Screening is what Analyst adds, at $9/month.

See pricing →
On iPhone

Follow VRMK and keep your own price beside the value. The same engine, with the same receipts.

MeritValue on the App Store →
Sources — the receipts
  1. 10-K filed 2010-02-25 · periods ending 2007-12-31, 2008-12-31, 2009-12-31 · accession 0001193125-10-040148 (Revenues)
  2. 10-K filed 2010-02-25 · periods ending 2007-12-31, 2008-12-31, 2009-12-31 · accession 0001193125-10-040148 (NetIncomeLoss)
  3. 10-K filed 2010-02-25 · periods ending 2007-12-31, 2008-12-31, 2009-12-31 · accession 0001193125-10-040148 (NetCashProvidedByUsedInOperatingActivities)
  4. 10-K filed 2010-02-25 · periods ending 2007-12-31, 2008-12-31, 2009-12-31 · accession 0001193125-10-040148 (PaymentsForCapitalImprovements)
  5. 10-K filed 2010-02-25 · periods ending 2008-12-31, 2009-12-31 · accession 0001193125-10-040148 (NotesPayable)
  6. 10-K filed 2010-02-25 · periods ending 2007-12-31, 2008-12-31, 2009-12-31 · accession 0001193125-10-040148 (CashAndCashEquivalentsAtCarryingValue)