Core Viewpoint - Berkshire Hills Bancorp and Brookline Bancorp have received all necessary regulatory approvals to proceed with their merger, which will create a new entity named Beacon Financial Corporation, effective September 1, 2025 [1][2][3]. Group 1: Merger Details - The merger will result in a combined company valued at $24 billion, with over 145 branch offices serving the Northeast region [2]. - The regulatory approvals were granted by multiple authorities, including the Federal Reserve System and state banking departments [3]. - Shareholders of both companies approved the merger proposals during meetings held on May 21, 2025 [3]. Group 2: Leadership and Integration - Paul A. Perrault, CEO of Brookline, will lead the combined company as CEO, while David M. Brunelle of Berkshire will serve as Chairperson of the Board [4][5]. - The integration process is expected to be smooth, with both organizations having collaborated extensively in preparation for the merger [4]. Group 3: Brand Transition - Following the merger, the new entity will operate under the name Beacon Financial Corporation, with shares trading on the NYSE under the symbol "BBT" [5]. - Clients will continue to access services through their existing bank branches until a full transition to the Beacon Bank brand is completed, anticipated in the first quarter of 2026 [5][6].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from N/A to . Commission file number 0-23695 BROOKLINE BANCORP, INC. (Exact name of registrant as specified in its charter) Delaware 04-3402944 (I.R.S. Employer Ident ...

Core Viewpoint - Berkshire Hills Bancorp and Brookline Bancorp are merging to form a new holding company named Beacon Financial Corporation, which will trade under the ticker symbol BBT on the New York Stock Exchange. The merger is expected to be completed in Q3 2025, pending regulatory approvals and closing conditions [1]. Group 1: Merger Details - The combined bank will be legally named Beacon Bank & Trust but will be commonly referred to as Beacon Bank [1]. - The merger is characterized as a "merger of equals," aiming to create a powerful financial institution with a broad and complementary footprint [4]. - The integration of banking systems is planned for the first quarter of 2026, with clients continuing to be served under existing brand names until the full transition to Beacon Bank [4]. Group 2: Branding and Vision - The name "Beacon Bank" symbolizes guidance, strength, and stability, reflecting the core principles of both legacy institutions [3]. - The logo design merges elements from both Berkshire and Brookline, using updated navy and gold colors to represent a modern approach [3]. - Leadership from both companies expressed a commitment to providing reliable financial guidance and maintaining local expertise post-merger [4]. Group 3: Company Backgrounds - Berkshire Hills Bancorp has $12.0 billion in assets and operates 83 branches, focusing on community-driven banking solutions in New England and New York [6]. - Brookline Bancorp has $11.6 billion in assets and serves customers in Massachusetts, Rhode Island, and New York, offering a range of commercial and retail banking services [7].

Financial Data and Key Metrics Changes - The company reported earnings of approximately $22 million or $0.25 per share for Q2 2025, showing continued improvement [4] - Customer deposits increased by $59 million, and the net interest margin improved by 10 basis points to 332 basis points [5][9] - Net interest income rose by $2.9 million to $88.7 million, while total revenues for the quarter reached $94.7 million, a 3% increase from Q1 and a 10% increase from 2024 [7][9] Business Line Data and Key Metrics Changes - The loan portfolio contracted by $61 million, with commercial real estate and equipment finance loans declining by $95 million and $46 million respectively [4][7] - Commercial loans grew by $53 million and consumer loans increased by $27 million [7] - The owner-occupied commercial real estate increased by $15 million, while investment commercial real estate decreased by $110 million [7] Market Data and Key Metrics Changes - The Boston office portfolio remains under stress, leading to downgrades in several credits and an increase in reserves for these credits [5] - The office portfolio outside of Boston continues to perform well [5] Company Strategy and Development Direction - The company is preparing for a merger of equals with Berkshire, with a focus on managing the balance sheet and ensuring a smooth transition [4][5] - The merger is expected to enhance products and services for combined customers, with systems integration planned for mid-February [5][6] Management's Comments on Operating Environment and Future Outlook - Management anticipates modest improvements to the net interest margin, estimating an increase of 4 to 8 basis points in Q3, depending on market conditions and Federal Reserve actions [9][10] - Loan portfolio growth is expected to be in the low single digits for the remainder of 2025, with deposit growth projected at 4% to 5% [10] - The effective tax rate is expected to be around 24.25%, excluding non-deductible merger charges [11] Other Important Information - The provision for credit losses was $7 million, with total net charge-offs of $5.1 million [9] - The quarterly dividend was maintained at $0.01 per share, to be paid on August 22 [9] Q&A Session Summary Question: When is the target closing date for the merger? - Management indicated that the merger is expected to close in September, pending regulatory approval [14][16] Question: What is the expected size of loans post-merger? - Management expects to potentially offer loans approaching $100 million for well-sponsored relationships post-merger [18] Question: Can you provide details on the additional reserves taken this quarter? - Management added $1 million in reserves for two specific credits related to a commercial laundry and grocery exposure [20] Question: What is the guidance for net interest margin in Q3? - The guidance for Q3 does not assume any rate cuts and anticipates an increase of 4 to 8 basis points [21][22] Question: How is new loan pricing holding up? - New loan pricing is competitive, particularly in the equipment finance and consumer business, with total loans originated in Q2 at $445 million and a weighted average coupon of 694 basis points [55][57]

Brookline Bancorp (BRKL) came out with quarterly earnings of $0.25 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this bank holding company would post earnings of $0.23 per share when it actually produced earnings of $0.22, delivering a surprise of -4.35%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Brookline, whi ...

EXHIBIT 99.1 Brookline Bancorp Announces Second Quarter Results Net Income of $22.0 million, EPS of $0.25 Quarterly Dividend of $0.135 BOSTON, July 23, 2025 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) (the "Company") today announced net income of $22.0 million, or $0.25 per basic and diluted share, for the second quarter of 2025, compared to net income of $19.1 million, or $0.21 per basic and diluted share, for the first quarter of 2025, and $16.4 million, or $0.18 per basic and diluted share ...

Group 1 - Brookline Bancorp, Inc. will report its second quarter 2025 earnings on July 23, 2025, with a conference call scheduled for July 24, 2025, at 1:30 PM Eastern Time [1] - The company has $11.5 billion in assets and operates branches in Massachusetts, Rhode Island, and New York [2] - Brookline Bancorp offers a variety of banking services, including commercial, business, and retail banking, as well as cash management products and investment services [2] Group 2 - The company provides equipment financing through its subsidiary Eastern Funding and wealth management services through Clarendon Private [2] - Interested parties can access the conference call via a dedicated link or by dialing specific numbers for the United States and international listeners [1] - A recorded playback of the conference call will be available for one week after the event [1]

[Part I - Financial Information](index=5&type=section&id=Part%20I%20Financial%20Information) [Item 1. Unaudited Consolidated Financial Statements](index=5&type=section&id=Item%201.%20Unaudited%20Consolidated%20Financial%20Statements) This section presents Brookline Bancorp, Inc.'s unaudited consolidated financial statements as of March 31, 2025, and for the three months then ended, along with detailed notes on financial accounts and presentation basis [Unaudited Consolidated Balance Sheets](index=5&type=section&id=Unaudited%20Consolidated%20Balance%20Sheets) As of March 31, 2025, total assets decreased to **$11.52 billion** from **$11.91 billion**, primarily due to reduced cash and net loans, while total liabilities decreased to **$10.28 billion** from **$10.68 billion**, and total stockholders' equity increased to **$1.24 billion** from **$1.22 billion** Consolidated Balance Sheet Highlights (in thousands) | Account | At March 31, 2025 | At December 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | **$11,519,869** | **$11,905,326** | | Total cash and cash equivalents | $357,546 | $543,670 | | Net loans and leases | $9,518,577 | $9,654,205 | | Goodwill | $241,222 | $241,222 | | **Total Liabilities** | **$10,279,687** | **$10,683,387** | | Total deposits | $8,911,452 | $8,901,644 | | Total borrowed funds | $1,155,827 | $1,519,846 | | **Total Stockholders' Equity** | **$1,240,182** | **$1,221,939** | [Unaudited Consolidated Statements of Income](index=6&type=section&id=Unaudited%20Consolidated%20Statements%20of%20Income) For the three months ended March 31, 2025, net income increased **30.2%** to **$19.1 million** from **$14.7 million** year-over-year, driven by higher net interest income and lower provision for credit losses, resulting in diluted EPS of **$0.21** compared to **$0.16** Consolidated Income Statement Highlights (in thousands, except per share data) | Account | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net interest income | $85,830 | $81,588 | | Provision for credit losses | $5,986 | $7,379 | | Non-interest income | $5,660 | $6,284 | | Non-interest expense | $60,022 | $61,014 | | **Net income** | **$19,100** | **$14,665** | | **Diluted EPS** | **$0.21** | **$0.16** | [Unaudited Consolidated Statements of Cash Flows](index=10&type=section&id=Unaudited%20Consolidated%20Statements%20of%20Cash%20Flows) For the first three months of 2025, net cash provided by operating activities was **$8.0 million**, investing activities provided **$172.9 million**, and financing activities used **$367.0 million**, resulting in a net decrease in cash and cash equivalents of **$186.1 million** Cash Flow Summary (in thousands) | Activity | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net cash provided from operating activities | $8,014 | $8,840 | | Net cash provided from investing activities | $172,859 | $17,754 | | Net cash (used for) provided from financing activities | ($366,997) | $142,265 | | **Net (decrease) increase in cash and cash equivalents** | **($186,124)** | **$168,859** | [Notes to Unaudited Consolidated Financial Statements](index=13&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) The notes provide detailed explanations of the company's accounting policies and financial data, covering loan and investment portfolios, ACL methodology, goodwill, derivatives, and commitments, while confirming operation as a single business segment and adoption of ASU 2023-07 - The Company is a bank holding company parent to Brookline Bank, BankRI, and PCSB Bank, providing commercial, business, and retail banking services primarily in New England and the Lower Hudson Valley of New York[26](index=26&type=chunk)[28](index=28&type=chunk) - The company operates as a single business segment, with the Chairman and CEO acting as the Chief Operating Decision Maker (CODM), who reviews financial information focused on net interest income and net income[39](index=39&type=chunk)[40](index=40&type=chunk) - The company adopted ASU 2023-07, "Segment Reporting," as of January 1, 2024, which did not materially impact the financial statements as the company continues to operate as one reportable segment[42](index=42&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=50&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's Q1 2025 financial performance, highlighting a 30.2% increase in net income to $19.1 million, alongside balance sheet changes, stable asset quality, and strong capital ratios [Executive Overview](index=51&type=section&id=Executive%20Overview) In Q1 2025, total assets decreased to **$11.5 billion**, while net income rose **30.2%** to **$19.1 million** ($0.21 per share) due to higher net interest income and lower credit provisions, with the net interest margin improving to **3.22%**, asset quality remaining stable at **0.56%** nonperforming assets, and capital ratios strengthening to a **10.81%** Common Equity Tier 1 ratio Q1 2025 Key Performance Metrics | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Income | $19.1 million | $14.7 million | | Diluted EPS | $0.21 | $0.16 | | Net Interest Margin | 3.22% | 3.06% | | Return on Average Assets (Annualized) | 0.66% | 0.51% | | Return on Average Equity (Annualized) | 6.19% | 4.88% | - Total assets decreased by **$385.5 million** (**13.0%** annualized) to **$11.5 billion**, primarily due to decreases in cash and loans[218](index=218&type=chunk) - Nonperforming assets were **$64.0 million**, or **0.56%** of total assets, down from **$70.5 million** (**0.59%**) at year-end 2024[224](index=224&type=chunk) - The company remains "well-capitalized" with a Common Equity Tier 1 capital ratio of **10.81%** and a Total risk-based capital ratio of **12.79%** as of March 31, 2025[226](index=226&type=chunk) [Financial Condition](index=57&type=section&id=Financial%20Condition) As of March 31, 2025, total loans and leases decreased **5.6%** (annualized) to **$9.64 billion**, with commercial real estate loans down **9.5%** to **$5.58 billion**, while nonperforming assets decreased to **$64.0 million**, the allowance for loan and lease losses stood at **1.29%**, deposits remained stable at **$8.91 billion** with core deposits growing to **70.3%**, and borrowed funds decreased by **$364.0 million** to **$1.2 billion** Loan Portfolio Composition (in thousands) | Loan Category | Balance at Mar 31, 2025 | % of Total | Balance at Dec 31, 2024 | % of Total | | :--- | :--- | :--- | :--- | :--- | | Commercial real estate | $5,580,982 | 57.9% | $5,716,114 | 58.4% | | Commercial loans and leases | $2,512,912 | 26.1% | $2,506,664 | 25.6% | | Consumer loans | $1,548,828 | 16.0% | $1,556,510 | 16.0% | | **Total loans and leases** | **$9,642,722** | **100.0%** | **$9,779,288** | **100.0%** | - Nonperforming assets decreased to **$64.0 million** (**0.56%** of total assets) at Q1 2025, down from **$70.5 million** (**0.59%**) at year-end 2024[269](index=269&type=chunk)[272](index=272&type=chunk) - The allowance for loan and lease losses was **$124.1 million**, or **1.29%** of total loans, compared to **$125.1 million**, or **1.28%**, at the end of 2024[277](index=277&type=chunk) - Total deposits increased slightly by **$9.8 million** to **$8.91 billion**, with core deposits growing by **$120.6 million** while brokered deposits decreased by **$104.0 million**[293](index=293&type=chunk)[294](index=294&type=chunk)[296](index=296&type=chunk) [Results of Operations](index=71&type=section&id=Results%20of%20Operations) For Q1 2025, net interest income increased by **$4.2 million** to **$85.8 million** year-over-year, with the net interest margin expanding **16 basis points** to **3.22%** due to a **29 basis point** decrease in the cost of interest-bearing liabilities, while the provision for credit losses decreased to **$6.0 million**, non-interest income fell to **$5.7 million**, and non-interest expense decreased to **$60.0 million**, with an effective tax rate of **25.0%** - Net interest income increased **$4.2 million** YoY to **$85.8 million**, driven by a **$6.0 million** decrease in interest expense[321](index=321&type=chunk) - The net interest margin rose to **3.22%** from **3.06%** in Q1 2024, as the cost of interest-bearing liabilities fell **29 bps** to **3.29%**[322](index=322&type=chunk)[324](index=324&type=chunk) - The provision for credit losses was **$6.0 million**, a decrease of **$1.4 million** from Q1 2024, mainly due to a reduction in loan and commitment balances offsetting specific reserve increases[340](index=340&type=chunk) - Non-interest expense decreased by **$1.0 million** to **$60.0 million**; excluding a new **$1.0 million** merger expense, operating non-interest expense fell by **$2.0 million**, driven by lower compensation and marketing costs[345](index=345&type=chunk)[346](index=346&type=chunk) [Liquidity and Capital Resources](index=78&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintained a strong liquidity position as of March 31, 2025, with **$1.2 billion** in cash and available-for-sale securities, access to **$2.9 billion** in FHLB borrowing capacity and **$400.7 million** at the Federal Reserve Discount Window, while capital levels remain robust, exceeding "well-capitalized" requirements with a Common Equity Tier 1 ratio of **10.81%** and a Total Risk-Based Capital ratio of **12.79%** - As of March 31, 2025, cash, cash equivalents, and investment securities available-for-sale totaled **$1.2 billion**, representing **10.8%** of total assets[350](index=350&type=chunk) - The company has significant available liquidity, including **$2.9 billion** in total borrowing limit from the FHLB and **$400.7 million** of borrowing capacity at the FRB Discount Window[353](index=353&type=chunk)[355](index=355&type=chunk) Regulatory Capital Ratios (Consolidated) as of March 31, 2025 | Capital Ratio | Actual | Minimum for Adequacy + Buffer | | :--- | :--- | :--- | | Common Equity Tier 1 | 10.81% | 7.00% | | Tier 1 Risk-Based | 10.92% | 8.50% | | Total Risk-Based | 12.79% | 10.50% | | Tier 1 Leverage | 9.17% | 4.00% | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=83&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages its primary market risk, interest-rate risk, through ALCO using income simulation and gap analysis, indicating a modestly asset-sensitive profile as of March 31, 2025, with varying impacts on net interest income and Economic Value of Equity under rate changes - The company's primary market risk is interest-rate risk, which is managed by the Asset/Liability Committee (ALCO) through strategies like adjusting portfolio maturities and using interest rate swaps[367](index=367&type=chunk)[369](index=369&type=chunk)[370](index=370&type=chunk) Net Interest Income Sensitivity Analysis (as of March 31, 2025) | Change in Interest Rate Levels (Ramp) | Estimated % Change in NII | | :--- | :--- | | Up 200 basis points | +2.0% | | Up 100 basis points | +1.1% | | Down 100 basis points | -0.7% | | Down 200 basis points | -1.9% | Economic Value of Equity (EVE) at Risk Analysis | Parallel Shock in Interest Rate Levels | Estimated % Change in EVE (Mar 31, 2025) | Estimated % Change in EVE (Dec 31, 2024) | | :--- | :--- | :--- | | Up 300 basis points | (2.2)% | (5.5)% | | Up 100 basis points | 0.0% | (1.3)% | | Down 100 basis points | (1.6)% | (0.8)% | | Down 300 basis points | (9.6)% | (6.6)% | - The company's asset sensitivity decreased from December 31, 2024, to March 31, 2025, due to changes in balance sheet composition, including lower cash equivalents and higher non-maturity deposits[374](index=374&type=chunk) [Item 4. Controls and Procedures](index=85&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of March 31, 2025, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by the report[381](index=381&type=chunk) - There were no changes in the company's internal controls over financial reporting during the quarter ended March 31, 2025, that materially affected, or are reasonably likely to materially affect, internal control over financial reporting[382](index=382&type=chunk) [Part II - Other Information](index=86&type=section&id=Part%20II%20Other%20Information) [Item 1. Legal Proceedings](index=86&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no material pending legal proceedings beyond those in the normal course of business, with no expected material impact on financial position or results of operations - There are no material pending legal proceedings other than those that arise in the normal course of business, and their outcome is not expected to materially affect the Company's financial condition[384](index=384&type=chunk) [Item 1A. Risk Factors](index=86&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2024 - There have been no material changes in the risk factors from those described in the Annual Report on Form 10-K for the year ended December 31, 2024[385](index=385&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=86&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This item is not applicable for the reporting period - Item 2, along with Items 3 and 4, are reported as 'Not applicable'[386](index=386&type=chunk) [Item 5. Other Information](index=86&type=section&id=Item%205.%20Other%20Information) During the three months ended March 31, 2025, none of the company's directors or officers adopted, terminated, or modified a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement - No directors or officers adopted, terminated, or modified a Rule 10b5-1 or non-Rule 10b5-1 trading arrangement during the quarter[387](index=387&type=chunk) [Item 6. Exhibits](index=87&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL data files - The report includes CEO and CFO certifications under Sections 302 and 906 of the Sarbanes-Oxley Act, as well as XBRL interactive data files[389](index=389&type=chunk)

Financial Data and Key Metrics Changes - Operating earnings for Q1 2025 were $20 million, translating to $0.22 per share, while GAAP net income was $19.1 million or $0.21 per share after accounting for merger charges of $971,000 [6][7] - Total assets decreased by $385.5 million to $11.5 billion, primarily due to a deliberate reduction in cash equivalents and loan portfolio components [11] - Customer deposits increased by $113.8 million, and the net interest margin improved by 10 basis points to 3.22% [8][13] Business Line Data and Key Metrics Changes - The loan portfolio contracted by $130.6 million, with significant declines in commercial real estate and equipment finance, while commercial loans experienced growth [7][12] - The specialty vehicle portfolio decreased by $29 million to $267 million, following the exit from that business [12] - Net interest income reached $85.8 million, an increase of $800,000 from the previous quarter, despite a decline in average interest-earning assets [14] Market Data and Key Metrics Changes - The provision for credit losses was $6 million, which is $2 million higher than Q4, with net charge-offs totaling $7.6 million [15] - The reserve coverage slightly increased to 129 basis points of total loans [15] - The economic scenarios weightings remained at 40% baseline, 35% moderate recession, and 25% stronger near-term growth [16] Company Strategy and Development Direction - The company is focused on reducing commercial real estate exposures while maintaining important customer relationships [7] - The planned merger with Berkshire Hills Bancorp is progressing well, with regulatory applications filed and stockholder meetings scheduled for May 21 [9][22] - The company anticipates low single-digit growth in the loan portfolio for the remainder of 2025, with a projected deposit growth of 4% to 5% [19] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the interest rate environment and its potential impact on operations, indicating a need for continual adaptation [18] - While modest improvements to the net interest margin are uncertain, an increase of four to eight basis points is estimated for Q2 [18] - The company is managing expenses to $247 million or less for the full year, excluding merger-related costs [20] Other Important Information - The effective tax rate is expected to be around 24.25%, excluding the impact of non-deductible merger charges [20] - The quarterly dividend was maintained at $0.135 per share, to be paid on May 23 [17] Q&A Session Summary Question: Impact of a 25 basis point Fed rate cut on margin - Management indicated that the impact depends on the yield curve's behavior, with a cut in short-term rates potentially being beneficial if mid to long-term rates remain stable [29][30] Question: Details on the $7.1 million commercial charge-off - The charge-off was related to a large C&I credit, specifically a $13 million credit that required additional provisioning [34][35] Question: Tariff implications on equipment finance and manufacturing loan book - Management noted that tariffs are causing unease among customers, affecting underwriting processes, but no tangible impacts have been observed yet [36][37] Question: Loan pricing and sentiment among C&I borrowers - Management expressed optimism about loan pricing and the quality of the pipeline, noting that larger banks are currently cautious, which benefits the company [46][47] Question: Update on the $11 million office loan - Management confirmed that the loan is imminent to close and is fully reserved [64][66] Question: Overall credit quality and pass-rated loans - The overall pass-rated loans are approximately 95%, indicating strong credit quality [68] Question: Future of stock buybacks post-merger - Management stated it is too early to discuss stock buybacks, as capital structure optimization will be reviewed post-merger [79] Question: Exposure to Cambridge market and lab space - The company has minimal exposure in the Cambridge area, with approximately $50 million in lab space across its portfolio [99][100]

April 24, 2025 Certain statements contained in this presentation that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We may also make forward-looking statements in other documents we file with the Securities and Exchange Commissi ...