Sky Harbour Group Corporation (SKYH) Stock

Sky Harbour Group Corporation (SKYH) is a Real Estate stock trading at $10.54 (as of 2026-08-24), with a market capitalization of $363.18M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Sky Harbour Group Corporation is an aviation infrastructure development company that develops, leases, and manages general aviation hangars for business aircraft in the United States. The company is based in White Plains, New York.

Understand Sky Harbour Group Corporation: how it makes money

Sky Harbour Group develops, leases, and manages general aviation hangars (and related aviation ramp and support space) in the United States, earning money primarily from leasing that aviation infrastructure to aircraft operators.

Because the company earns from leasing hangar capacity, its profit model is driven by how well its aviation campuses are leased, reflected in economic occupancy and the amount of operating space it has under use.

Business quality (Weak): The operating picture provided shows a very negative operating margin (operating_margin_pct of -79.9 for the period ending 2026-03-31), and the revenue field is shown as 0.0B, so investors should rely more heavily on the reported occupancy and operating-space metrics while monitoring for clearer financial disclosure over time.

Valuation: At 79× earnings, SKYH trades 129% above the Real Estate average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Strong reported occupancy for the longest-open campuses: Economic Occupancy for Campuses Open More Than Six Months is reported at 103%.
  • Meaningful scale of operating hangar and support space: Operating Square Feet of Hangar and Associated Office and Support Space is reported at 1,030,000.

Bear case

  • Occupancy varies meaningfully across locations: Occupancy for Denver Centennial Airport is reported at 44%, versus higher levels at other phases.
  • Negative operating profitability in the latest period shown: Operating margin for the period ending 2026-03-31 is reported as -79.9.
Valuation — source: SEC EDGAR (first-party)
Price$10.54
Market Cap$363.18M
Price / Book2.21
Price / Sales10.49
FCF Yield-8.7%
DCF Value (model)$2.21
DCF Upside vs Price-79.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$27.54M
Net Margin68.3%
Revenue Growth (YoY)86.6%
EPS Growth (YoY)-131.8%
FCF Growth (YoY)4.3%
Valuation vs Sector & Industry
Sector P/E (Real Estate)27.3
Industry P/E (Real Estate)29.6
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($20.47M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryReal Estate
CEOTal Keinan
Employees84
CountryUS
IPO Date2020-12-08

Related Companies (Real Estate; 8 comparable real estate companies)

  • Mobile Infrastructure Corporation (BEEP)
  • CaliberCos Inc. (CWD)
  • Maui Land & Pineapple Company, Inc. (MLP)
  • Seritage Growth Properties (SRG)
  • FRP Holdings, Inc. (FRPH)
  • Tejon Ranch Co. (TRC)
  • Comstock Holding Companies, Inc. (CHCI)
  • Five Point Holdings, LLC (FPH)
SKYH earnings history · SKYH institutional & insider holders · SKYH KPIs & operating metrics · SKYH financials · SKYH investor presentations & press releases · SKYH SEC filings · SKYH peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.