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BOARDWALK REIT REPORTS STRONG RESULTS FOR 2025, INCREASES DISTRIBUTION BY 11.1% AND INTRODUCES GUIDANCE FOR 2026
Prnewswire· 2026-02-19 22:08
Core Insights - Boardwalk Real Estate Investment Trust reported strong financial results for 2025, with a profit of $196.9 million and an increase in Funds From Operations (FFO) per Unit by 11.2% to $4.65, alongside an 11.1% increase in monthly distributions to $1.80 per Unit for March, April, and May 2026 [1][2][5] Financial Performance - For Q4 2025, the operating margin improved to 65.4%, a 200 basis point increase from the same period last year, with Same Property Net Operating Income (NOI) rising by 9.0% to $404.3 million [1][2] - The Trust's total NOI for the year was $417.6 million, reflecting a 9.2% increase year-over-year [1] - The Trust experienced a loss of $50.8 million in Q4 2025, contrasting with a profit of $65.9 million in Q4 2024 [2][3] Rental Revenue and Occupancy - Same property rental revenue grew by 4.5% in Q4 2025, with an average occupancy rate of 97.6%, slightly down from 98.0% in Q4 2024 [1][2] - The average occupied rent increased to $1,590 in December 2025, marking an $8 improvement from September 2025 and a $66 increase from December 2024 [1][2] Capital Allocation and Acquisitions - The Trust tactically redeployed $57.3 million under its Normal Course Issuer Bid (NCIB) in 2025 and completed acquisitions totaling $551.5 million for six communities, adding 1,376 suites to its portfolio [1][4] - Dispositions of non-core communities generated gross proceeds of $277.6 million, with a focus on optimizing capital allocation [1][4] Balance Sheet and Liquidity - The debt to total assets ratio stood at 42.3%, up from 40.6% in 2024, while the debt to EBITDA ratio improved to 9.99x [1][2] - The Trust maintained a strong liquidity position with approximately $466 million available at the end of Q4 2025 [1][2] 2026 Financial Guidance - The Trust anticipates Same Property NOI growth between 1.5% and 4.5% for 2026, with FFO projected to be between $4.65 and $4.90 per Unit [1][5] - The outlook remains positive, driven by demand for affordable housing and strategic capital deployment [1][5]
RYBREVANT FASPRO™ (amivantamab and hyaluronidase-lpuj) plus immunotherapy shows strong clinical benefit with 56 percent overall response rate in first-line recurrent or metastatic head and neck cancer
Prnewswire· 2026-02-19 22:00
Core Insights - Johnson & Johnson announced promising results from the Phase 1b/2 OrigAMI-4 study, showing a 56% overall response rate for RYBREVANT FASPRO™ in first-line treatment of recurrent or metastatic head and neck squamous cell carcinoma (HNSCC) [1][2] - The study demonstrated a 10% complete response rate and a clinical benefit rate of 74%, indicating significant antitumor activity compared to current standards of care [1][2] - The combination of subcutaneous amivantamab and pembrolizumab targets key drivers of tumor growth and resistance, suggesting a potential shift in treatment paradigms for HNSCC [1][2] Study Results - In Cohort 2 of the OrigAMI-4 study, the confirmed overall response rate was 56% (22 out of 39 patients), with 6 complete responses and 18 partial responses [1] - At a median follow-up of 10.4 months, 46% of patients remained on treatment, and tumor shrinkage was observed in 82% of patients [1] - The median progression-free survival was reported at 7.7 months, with a median time to first response of 9.7 weeks [1] Safety Profile - The safety profile of RYBREVANT FASPRO™ combined with pembrolizumab was consistent with individual agents, with no new safety signals identified [1] - Common treatment-emergent adverse events included rash (49%), paronychia (46%), and hypoalbuminemia (41%), with 15% of patients experiencing administration-related reactions [1][2] - Treatment discontinuation due to adverse events occurred in four patients, indicating manageable safety concerns [1] Industry Context - HNSCC is an aggressive cancer type, with current standard treatments yielding low response rates (approximately 18% for PD-1 monotherapy) [1][2] - The introduction of RYBREVANT FASPRO™ represents a significant advancement in addressing unmet needs in HNSCC treatment, particularly for HPV-unrelated cases [1][2] - Ongoing studies, including the Phase 3 OrigAMI-5 study, will further evaluate the efficacy of RYBREVANT FASPRO™ in combination with carboplatin and pembrolizumab [1][2]
Government of Ontario nominee appointed to the Board of Directors of Hydro One Limited
Prnewswire· 2026-02-19 22:00
Government of Ontario nominee appointed to the Board of Directors of Hydro One Limited [Accessibility Statement] Skip NavigationTORONTO, Feb. 19, 2026 /PRNewswire/ - Hydro One Limited (Hydro One) announced today that the Government of Ontario's nominee Deb Hutton has been appointed to the company's Board of Directors, effective today. Ms. Hutton will fill the board vacancy created when Cherie Brant did not stand for re-election at the company's 2025 annual general meeting of shareholders."We welcome Deb Hut ...
AES Recognized by BNEF as Top Provider of Clean Energy to Corporations in the US and the Americas in 2025
Prnewswire· 2026-02-19 22:00
Core Insights - AES Corporation has been recognized as the top seller of clean energy to corporations in the US and the Americas for the year 2025, marking the fifth consecutive year in this position according to BloombergNEF's Corporate Energy Market Outlook [1] - The ranking highlights AES' significant role as a major energy provider to technology companies globally, with Google being the top corporate buyer in 2025 [1] - The demand for clean energy is surging, driven by developments in AI data centers and advanced manufacturing [1] Corporate Performance - Nearly two-thirds of AES' backlog consists of Power Purchase Agreements (PPAs) with corporate customers [1] - Approximately 85% of the long-term contracts for renewables signed by AES in 2025 were with corporate customers, excluding energy storage [1] Industry Context - The recognition from BNEF reflects the growing trend of corporate demand for clean energy solutions [1] - AES is positioned as a leader in the transition to a low-carbon economy, emphasizing its commitment to delivering reliable clean energy solutions [1]
Gold Royalty Announces Amended and Upsized Revolving Credit Facility of up to US$150 Million at Reduced Interest Cost and Provides an Update on Selected Portfolio Assets
Prnewswire· 2026-02-19 22:00
Core Viewpoint - Gold Royalty Corp. has amended and increased its revolving credit facility to up to US$150 million, which will lower its interest costs and support future growth strategies [1][2]. Group 1: Credit Facility Details - The amended facility includes a US$125 million secured revolving credit line with an accordion feature for an additional US$25 million, subject to conditions [1]. - The interest rate is based on SOFR plus a margin of 2.25%-3.25%, reflecting a 25-basis points reduction [1]. - The facility is set to mature in November 2028 [1]. Group 2: Portfolio Asset Updates - Vareš (100% copper stream) reported production recommencement in January 2026, with improved production expectations for the year [1]. - Tonopah West (3.0% NSR) closed a C$15 million financing to fund exploration and pre-development activities, with a mineral resource estimate expected in February 2026 [1]. - South Railroad (0.44% NSR) is advancing through federal and state approvals, with a feasibility study reaffirming its robust economics [1]. - Ren (1.5% NSR & 3.5% NPI) is nearing completion of ventilation shaft excavation, with full production expected in 2027 [1]. - Odyssey (0.5% - 3.0% NSR) is ahead of schedule, with initial production anticipated in 2033 [1]. - Jerritt Canyon (0.5% NSR) completed significant drilling in 2025, with results expected in early 2026 [1]. - Granite Creek (10% NPI) reported high-grade assay results, supporting its geological model [1]. - County Line (3% NSR) commenced operations and made its first shipment of mineralization [1]. - Côté Gold (0.75% NSR) is focusing on mining and milling efficiency, with plans for additional infrastructure [2]. Group 3: Management Commentary - The CEO expressed satisfaction with the development progress of operators in 2025 and anticipates significant revenue and cash flow growth from cash-flowing assets in 2026 and beyond [2].
Burnham Holdings, Inc. Announces Fourth Quarter 2025 Financial Results
Prnewswire· 2026-02-19 21:46
Strategic Portfolio Adjustments Drive Strong Growth and Enhanced Focus for Long-Term Value Creation LANCASTER, Pa., Feb. 19, 2026 /PRNewswire/ -- Burnham Holdings, Inc. (OTC-Pink: BURCA) ("BHI", the "Company", "we" or "our") today reported its consolidated financial results for the fourth quarter of 2025, demonstrating continued growth driven by record high net sales and strategic portfolio adjustments aimed at strengthening its core boiler business. The financial statement presentation has been adjusted t ...
FNF Reports Fourth Quarter and Full Year 2025 Financial Results
Prnewswire· 2026-02-19 21:46
Core Insights - Fidelity National Financial, Inc. (FNF) reported financial results for Q4 and the full year 2025, highlighting strong performance in its Title Segment and a significant special stock distribution to shareholders [1][2][3]. Financial Performance - Adjusted net earnings for Q4 2025 were $382 million, or $1.41 per share, compared to $366 million, or $1.34 per share in Q4 2024, marking an increase of 4.4% in earnings per share [4][5]. - Full year adjusted net earnings reached $1.4 billion, or $4.97 per share, up from $1.3 billion, or $4.63 per share in 2024, reflecting a 7.3% increase in earnings per share [4][5]. - Total revenue for Q4 2025 was $4.051 billion, compared to $3.621 billion in Q4 2024, representing an increase of 11.9% [9]. Title Segment Highlights - The Title Segment generated total revenue of $2.2 billion for Q4 2025, up from $2.0 billion in Q4 2024, and $8.5 billion for the full year, compared to $7.7 billion in 2024, both reflecting an 11% increase [6][9]. - Direct title premiums for Q4 2025 were $754 million, a 21% increase over Q4 2024, while agency title premiums were $840 million, a 7% increase [18]. - The adjusted pre-tax title margin was 17.5% for Q4 2025, compared to 16.6% in Q4 2024, indicating improved profitability [8][18]. F&G Segment Performance - F&G achieved record assets under management (AUM) of $73.1 billion at the end of Q4 2025, a 12% increase from the previous year [10][22]. - Gross sales for F&G were $3.4 billion in Q4 2025 and $14.6 billion for the full year, driven by strong demand for retirement savings products [10][22]. - F&G's adjusted net earnings for Q4 2025 were $104 million, down from $123 million in Q4 2024, primarily due to unfavorable mark-to-market movements [19][22]. Shareholder Returns - FNF returned approximately $170 million to shareholders in Q4 2025 through dividends and share repurchases, bringing the total for the year to approximately $800 million [10]. - A special dividend of approximately 12% ownership of F&G, valued at around $500 million, was distributed to FNF shareholders on December 31, 2025 [2][10]. Management Commentary - The Chairman highlighted the strong performance of the Title business and the strategic importance of F&G in complementing the Title Segment, emphasizing the transition to a capital-light business model [8][19]. - The CEO noted the company's focus on maintaining competitive advantages through technology and operational efficiencies, positioning the business for future growth [13][19].
BOYD GAMING INCREASES QUARTERLY DIVIDEND TO $0.20 PER SHARE
Prnewswire· 2026-02-19 21:45
Core Viewpoint - Boyd Gaming Corporation has increased its quarterly dividend to $0.20 per share from the previous $0.18 per share, reflecting a commitment to returning value to shareholders [1]. Company Overview - Boyd Gaming Corporation, founded in 1975, operates 27 gaming entertainment properties across 11 states and manages a tribal casino in northern California [1]. - The company also owns and operates Boyd Interactive, a B2B and B2C online casino gaming business [1]. - Boyd Rewards, the company's loyalty program, is recognized as the nation's favorite casino loyalty program by USA Today readers [1]. - Boyd Gaming has been named one of "America's Best Companies" by Forbes magazine and is led by an experienced team in the industry [1]. Dividend Details - The new dividend of $0.20 per share is payable on April 15, 2026, to shareholders of record as of March 16, 2026 [1].
The Chemours Company Reports Fourth Quarter and Full Year 2025 Results
Prnewswire· 2026-02-19 21:38
The Chemours Company Reports Fourth Quarter and Full Year 2025 Results [Accessibility Statement] Skip NavigationWILMINGTON, Del., Feb. 19, 2026 /PRNewswire/ -- The Chemours Company ("Chemours" or "the Company") (NYSE: CC), a global chemistry company with leading market positions in Thermal & Specialized Solutions ("TSS"), Titanium Technologies ("TT"), and Advanced Performance Materials ("APM"), today announced its financial results for the fourth quarter and full year 2025.Key Fourth Quarter 2025 Results & ...
CON EDISON REPORTS 2025 EARNINGS
Prnewswire· 2026-02-19 21:37
CON EDISON REPORTS 2025 EARNINGS [Accessibility Statement] Skip NavigationNEW YORK, Feb. 19, 2026 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2025 net income for common stock of $2,023 million or $5.66 a share compared with $1,820 million or $5.26 a share in 2024. Adjusted earnings (non-GAAP) were $2,038 million or $5.70 a share in 2025 compared with $1,868 million or $5.40 a share in 2024. Adjusted earnings and adjusted earnings per share in 2025 exclude the impact of t ...