SOJC is a junior subordinated note issued by Southern Company, the Atlanta-based utility holding company, not a residential REIT, so the sector and industry tags in the data appear to be wrong and the thesis should be read against the security's actual profile. The notes pay a fixed 5.25% coupon and mature in December 2077, which makes them a long-dated, subordinated claim on a regulated utility parent rather than an equity play on housing. The provided data carries no revenue growth, margin, or forward earnings figures for this instrument, and its 19/100 score and 21.8B market cap describe the parent's scale, not the note's own economics. The reported trailing P/E of 21.9 is also a parent-level figure and says little about the note's credit or price behavior. Before any deeper work, the desk needs the note's current price and yield to maturity, the terms of deferral and call provisions, and the parent's credit ratings, since those drive the return and default risk here. On the data supplied, the case for a closer look rests on the parent's regulated cash flows, and the bond-specific features still need checking.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 18 Oct 2026, 01:52 CEST | ACCE price target | $19.50 | $17.50 | $18.59 |
| 25 Sept 2026, 00:00 CEST | ACCE price target | $17.50 | first publication | $18.66 |
| 30 Jul 2026, 00:00 CEST | Fair value | $42.32 | $43.05 | $20.24 |
| 1 Jul 2026, 00:00 CEST | Fair value | $43.05 | first publication | $20.52 |
Answered from Southern Company (The) Series 2017B 5.25% Junior Subordinated Notes due December 1 2077 fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| SOJC Southern Company (The) Series 2017B 5.25% Junior Subordinated Notes due December 1 2077 | $18.32 | - | - | 21.8x | 0.0% | 19 | 18 |
| EQR Equity Residential Common Shares of Beneficial Interest | $63.66 | $53 | 20% above | 28.7x | 8.0% | 81 | 50 |
| ESS Essex Property Trust Inc. Common Stock | $278.35 | $217 | 28% above | 43.3x | 7.7% | 76 | 52 |
| AVB AvalonBay Communities Inc. Common Stock | $184.06 | $153 | 20% above | 25.2x | 8.5% | 76 | 48 |
| INVH Invitation Homes Inc. Common Stock | $27.54 | $18 | 55% above | 24.6x | 7.0% | 72 | 63 |
| SUI Sun Communities Inc. Common Stock | $120.24 | $97 | 23% above | 88.1x | 1.7% | 59 | 38 |
| MAA Mid-America Apartment Communities Inc. Common Stock | $119.78 | $105 | 14% above | 35.4x | 7.0% | 69 | 48 |
Where SOJC ranks against its sector peers on each metric.