Core Points - Central Iron Ore Limited (CIO) has appointed Mr. Paul Richardson as a Non-Executive Director, effective immediately [1] - Mr. Richardson brings 43 years of experience in mining and mineral processing operations, with expertise in various ores including Gold, Nickel, and Copper [1][2] - His managerial experience spans 36 years in roles such as Superintendent, Resident Manager, General Manager, and Project Director [2] - CIO's chairman, Richard Homsany, expressed confidence that Mr. Richardson's operational experience will significantly benefit the South Darlot Gold Project [3] Company Overview - Central Iron Ore Limited is focused on mining and mineral processing, with a particular emphasis on gold projects [1][3] - The company is currently in a growth phase, seeking to unlock the potential of its South Darlot Gold Project [3] Management Qualifications - Mr. Richardson holds a B.Sc (Hons) in Mineral Processing Technology and is an Associate of the Camborne School of Mines, UK [2]

REIT Sector Performance - The REIT sector averaged a small negative return of -0.73% in September and remains modestly in the red year-to-date at -1.74% [1] - The average REIT underperformed compared to the broader market, which saw gains from major indices: Dow Jones Industrial Average (+2.0%), S&P 500 (+3.6%), and NASDAQ (+5.7%) [1] - The Vanguard Real Estate Index Fund ETF Shares (VNQ) outperformed the average REIT in September with a return of +0.07% and has significantly outperformed year-to-date at +5.72% [1] - The spread between the 2026 FFO multiples of large-cap REITs (16.4x) and small-cap REITs (13.9x) widened, indicating that investors are currently paying an average of 28.8% more for each dollar of FFO from large-cap REITs compared to small-cap REITs [1] Property Type Performance - Only 27.8% of REIT property types averaged a positive total return in September, with a narrow 10.69% total return spread between the best and worst performing property types [6] - Single Family Housing (-5.77%) and Infrastructure (-5.41%) were the worst-performing property types, while Data Centers (+4.92%) and Office (+3.11%) averaged the best total returns among REITs [6][7] - Year-to-date performance shows Hotels (-13.61%), Shopping Centers (-10.74%), and Land (-10.48%) have significantly underperformed, while Health Care (+21.83%) has outperformed with average gains more than double that of any other REIT property type [8][9] FFO Multiples and Valuation - The average P/FFO (2026Y) for the REIT sector rose from 13.8x to 14.1x during September, with 27.8% of property types experiencing multiple expansion [11] - Data Centers (24.6x), Land (22.6x), Manufactured Housing (17.2x), and Multifamily (17.1x) currently trade at the highest average multiples among REIT property types, while Hotels (7.2x) and Office (9.7x) are the only types with single-digit FFO multiples [11][12] Individual Security Performance - Office Properties Income Trust (OPI) saw the largest gain in the REIT sector in September at +54.26%, but remains the 3rd worst performing REIT year-to-date at -65.72% [13] - Wheeler Real Estate Investment Trust, Inc. (WHLR) was the worst-performing REIT in September with a decline of -29.27%, continuing a multi-year share price collapse with a total return of -99.73% over the first three quarters of 2025 [14] - 37.42% of REITs had a positive total return in September, while the average year-to-date total return for REITs in 2025 is -1.74%, significantly lagging behind the +9.61% return for the sector in the first nine months of 2024 [14]

Core Insights - The alignment between CEOs and CIOs is critical for successful AI adoption, with many CIOs seeking stronger support from their CEOs to achieve strategic objectives [1][2][6] CIO-CEO Alignment - 39% of CIOs feel misaligned with their CEOs on decision-making, and 31% lack confidence in understanding their CEO's expectations [2][6] - 34% of CIOs do not feel empowered by their CEOs to make long-term IT strategy decisions [2][6] Evolving Role of CIOs - 34% of CIOs report increased involvement in strategic priorities beyond IT, including human capital planning and digital innovation [3][6] - 37% of CIOs believe that business strategy and stakeholder management are now more important than technical expertise [7] Investment in IT Infrastructure - 41% of CIOs indicate that their businesses need to invest more in IT infrastructure, while only a third believe current investments are sufficient [7] - 26% of CIOs find it challenging to gain CEO buy-in for modernization and transformation strategies [7] Responsibilities and Expectations - CIOs are expected to balance innovation and AI adoption with cost control and risk management, focusing on business outcomes rather than hype [7] - CIOs are increasingly involved in workforce strategy, particularly regarding AI governance and performance [7] Research Methodology - The report is based on interviews with global CEOs and quantitative research involving over 200 CIOs in the US and UK, identifying six core discussion areas for better strategic outcomes [8]

Core Viewpoint - Oksenholt Capital Management's CEO has expressed significant concerns regarding City Office REIT's leadership and performance, particularly opposing the proposed merger with Elliott Capital affiliates [1] Company Concerns - The letter from Oksenholt Capital Management highlights serious issues related to City Office REIT's current management [1]

Core Insights - Central Iron Ore Limited (CIO) has announced the completion of its 2025 Phase 1 RC drilling campaign, confirming the down dip extension of gold mineralization and the development of three distinct high-grade chutes [1][3][4] Drilling Results - The 2025 Phase 1 RC drilling program consisted of 78 holes totaling 10,264 meters, with significant intercepts including: - 1m @ 22.20g/t from 144 meters (25BKERC_010) - 2m @ 10.59g/t from 126 meters (25BKERC_013) - 3m @ 15.50g/t from 103 meters (25BKERC_019) - 5m @ 13.26g/t from 112 meters (25BKERC_034) - 1m @ 24.8g/t from 131 meters (25BKERC_036) - 1m @ 25.3g/t from 114 meters (25BKERC_037) [4][20] Geological Understanding - The drilling results have enhanced the geological understanding of the deposit, confirming continuous gold mineralization associated with a primary laminated bucky quartz lode over nearly the entire 840 meters of strike targeted [3][4] Future Activities - Geohydrological investigations are nearing completion, with a diamond drilling program of approximately 801 meters scheduled to commence in late October 2025 to support geotechnical studies for the British King Project [4][21] Resource Update - The British King Mineral Resource is being updated to include the results from the recent drilling, with current estimates showing: - 120,000 indicated tonnes at 5.1 g/t Au and 50,000 inferred tonnes at 2.9 g/t Au for the British King Mine Area - 70,000 indicated tonnes at 3.4 g/t Au and 20,000 inferred tonnes at 4.3 g/t Au for the British King Extensions [23][22]

Group 1 - City Office REIT, Inc. has authorized a quarterly dividend of $0.4140625 per share for its 6.625% Series A Cumulative Redeemable Preferred Stock, payable on October 24, 2025, to stockholders of record as of October 10, 2025 [1] - The Board of Directors has resolved to suspend future quarterly common stock dividend payments until the completion of the proposed merger with MCME Carell Holdings, LP and MCME Carell Merger Sub, LLC [2] - City Office REIT is focused on acquiring, owning, and operating office properties primarily in Sun Belt markets, currently owning or controlling 4.2 million square feet of office properties [3]

Core Insights - CleanCore Solutions is demonstrating that true disruption can occur beyond traditional settings like laboratories or factories, highlighting the importance of financial strategy in shaping a company's future [1] Company Overview - CleanCore Solutions is listed on NYSE American under the ticker ZONE, indicating its presence in the public market and potential for investment opportunities [1]

Group 1 - Halper Sadeh LLC is investigating ZimVie Inc. for potential violations of federal securities laws related to its sale to an affiliate of ARCHIMED for $19.00 per share in cash [1] - City Office REIT, Inc. is under investigation for its sale to MCME Carell Holdings for $7.00 per share in cash [2] - The firm may seek increased consideration for shareholders and additional disclosures regarding the proposed transactions [3] Group 2 - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options at no charge [4] - Halper Sadeh LLC represents investors globally who have experienced securities fraud and corporate misconduct, recovering millions for defrauded investors [4]

Core Viewpoint - City Office REIT (CIO) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - The recent upgrade reflects an improvement in City Office REIT's underlying business, suggesting that investors may respond positively by driving the stock price higher [5][10]. Earnings Estimate Revisions - City Office REIT is projected to earn $1.12 per share for the fiscal year ending December 2025, with no year-over-year change expected [8]. - Over the past three months, the Zacks Consensus Estimate for City Office REIT has increased by 0.5%, indicating a positive trend in analyst estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% of stocks receiving a "Strong Buy" or "Buy" rating [9][10]. - The upgrade to Zacks Rank 2 places City Office REIT in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

REIT Performance Overview - REITs experienced an average decline of -1.17% in July, underperforming compared to broader market indices such as NASDAQ (+3.7%), S&P 500 (+2.2%), and Dow Jones (+0.2%) [1] - The Vanguard Real Estate ETF (VNQ) slightly outperformed the average REIT in July with a return of +0.09% and has outperformed year-to-date at +2.10% compared to the average REIT's -6.42% [1] - The spread between the 2025 FFO multiples of large cap REITs (17.6x) and small cap REITs (13.0x) widened, indicating that investors are paying 35.4% more for each dollar of FFO from large cap REITs [1] Property Type Performance - 66.67% of REIT property types averaged negative total returns in July, with a total return spread of 14.34% between the best (Infrastructure +5.08%) and worst (Land -9.28%) performing property types [5][6] - Over the first seven months of 2025, large cap REITs outperformed small caps by 547 basis points, with micro cap REITs showing a recent trend of outperformance [3][6] - The average P/FFO for the REIT sector remained unchanged at 13.7x in July, with 44.4% of property types experiencing multiple expansion [7] Individual Security Highlights - City Office REIT (CIO) surged by +32.26% in July following an acquisition announcement at $7.00/share, with the transaction expected to close in Q4 2025 [9] - Wheeler REIT (WHLR) faced a significant decline of -43.73% in July, marking a total return of -99.28% over the first seven months of 2025, the worst in the sector [10][12] - 39.35% of REITs had a positive total return in July, while the average year-to-date total return for REITs was -6.42%, significantly lower than the +3.83% return for the same period in 2024 [10] Dividend Yield Insights - High dividend yields are a key attraction for investors in the REIT sector, with many REITs trading below their NAV, resulting in attractive yields [14] - Opportunities exist to capitalize on high dividend yields that may justify the underlying risks associated with certain investments [15]