Financial Performance - Platform revenue for FY 2024 was $21.0 million, primarily driven by asset management revenue[54]. - The platform net loss attributable for FY 2024 was $19.6 million, or $0.89 per diluted share, largely due to one-time non-cash allowances and write-downs[54]. - Total revenues for Q4 2024 were $8,687,000, a decrease of 63.7% compared to $23,945,000 in Q4 2023[68]. - Asset management revenues for Q4 2024 were $3,953,000, down from $4,325,000 in Q4 2023, representing a decline of 8.6%[68]. - Total revenues for the year ended December 31, 2024, were $51,119,000, a decrease from $90,937,000 in 2023, representing a decline of approximately 43%[89]. - Net loss attributable to CaliberCos Inc. for the year ended December 31, 2024, was $21,470,000 compared to a net loss of $27,594,000 in 2023, showing an improvement of about 22%[89]. - Basic platform income per share for the year ended December 31, 2024, was $(0.89), compared to $(0.63) in 2023, indicating a worsening performance[91]. - Net income (loss) attributable to CaliberCos Inc. for the three months ended December 31, 2024, was $(11,388,000), compared to $(2,361,000) in 2023, reflecting a significant increase in losses[95]. - Total revenue for the three months ended December 31, 2024, was $4,588 thousand, down 36.4% from $7,187 thousand in the same period of 2023[99]. - The company reported a loss on CRAF Investment of $1,339 thousand for the three months ended December 31, 2024[97]. Assets and Liabilities - Fair value assets under management reached $794.9 million, with managed capital at $492.5 million[54]. - Total assets as of December 31, 2024, were $105,535,000, a significant decrease from $299,432,000 as of December 31, 2023[71]. - Total liabilities as of December 31, 2024, were $94,282,000, down from $119,514,000 in 2023[73]. - Managed Capital increased from $437,625 thousand as of December 31, 2023, to $492,542 thousand as of December 31, 2024, representing an increase of 12.5%[101]. - The fair value of total assets under management (AUM) as of December 31, 2024, was $794,923 thousand, up 7.2% from $741,190 thousand as of December 31, 2023[106]. Expenses - Total expenses for Q4 2024 were $14,041,000, a decrease of 54.3% from $30,665,000 in Q4 2023[68]. - Total expenses for the year ended December 31, 2024, were $64,432,000, down from $119,514,000 in 2023, a reduction of approximately 46%[89]. - Operating costs for the three months ended December 31, 2024, were $8,550,000, compared to $5,106,000 in 2023, an increase of approximately 67%[93]. - Interest expense for the year ended December 31, 2024, was $(5,424,000), up from $(4,717,000) in 2023, indicating an increase of about 15%[89]. - Interest expense for the year ended December 31, 2024, was $5,424 thousand, compared to $4,717 thousand in 2023, reflecting an increase of 15%[101]. Revenue Streams - Caliber announced the launch of the Caliber 1031 Exchange, providing accredited investors access to curated real estate investments[54]. - The company demonstrated an unlevered annualized gross internal rate of return (IRR) of 19% on investments sold[13]. - The company reported a performance allocation revenue of $1,165,000 in Q4 2024, compared to $328,000 in Q4 2023[68]. - Fund management fees for the three months ended December 31, 2024, were $2,844 thousand, an increase of 15.5% from $2,461 thousand in the same period of 2023[99]. - Total asset management revenue decreased to $4,587 thousand for the three months ended December 31, 2024, down 23.5% from $6,005 thousand in 2023[99]. Capital Raising and Ownership - On November 26, 2024, Caliber raised $2.0 million from the sale of preferred stock and warrants to one investor[54]. - Caliber has raised over $743 million since inception, indicating a sizable and loyal customer base with an estimated net worth of $13 billion[13]. - The management team has significant insider ownership, with insiders owning approximately 50% of the company[45].

Financial Performance - Platform revenue for Q4 2024 was $4.6 million, a decrease from $7.2 million in Q4 2023[4] - Full year 2024 platform net loss was $19.6 million, or $0.89 per diluted share, compared to a net loss of $11.8 million, or $0.59 per diluted share in 2023[4] - Total consolidated revenue for Q4 2024 was $8.7 million, down from $23.9 million in Q4 2023[12] - Consolidated net loss attributable to Caliber for Q4 2024 was $11.4 million, or $0.51 per diluted share, compared to a net loss of $2.4 million, or $0.11 per diluted share in Q4 2023[12] - Consolidated Adjusted EBITDA for Q4 2024 was $1.5 million, down from $6.5 million in Q4 2023[12] - For the year ended December 31, 2024, the net loss attributable to CaliberCos Inc. was $19,777, compared to a net loss of $12,703 for the year ended December 31, 2023[21] - Total revenues for the year ended December 31, 2024, were $51,119,000, a decrease of 43.6% compared to $90,937,000 for the year ended December 31, 2023[41] - Net loss attributable to CaliberCos Inc. for the year ended December 31, 2024, was $19,777,000, compared to a net loss of $12,703,000 for the year ended December 31, 2023, reflecting a 55.5% increase in losses[41] Asset Management - Fair value assets under management (FV AUM) increased by 7.2% to $794.9 million compared to December 31, 2023[7] - Managed capital rose by 12.5% to $492.5 million, with originations of $69.0 million[7] - The fair value of assets under management (FV AUM) as of December 31, 2024, was $794,923, an increase from $741,190 as of December 31, 2023, indicating a growth of approximately 7.2%[32] - The total real estate FV AUM as of December 31, 2024, was $716,600, an increase from $647,200 as of December 31, 2023, representing a growth of approximately 10.7%[32] - Asset management revenues for the three months ended December 31, 2024, were $3,953,000, down from $4,325,000 for the same period in 2023, a decline of 8.6%[41] Cost Management - The company plans to implement $6 million in annualized cost reductions starting in 2025[5] - The total expenses for the three months ended December 31, 2024, were $14,041, compared to $30,665 for the same period in 2023, showing a decrease of approximately 54.3%[24] - Operating costs for the year ended December 31, 2024, totaled $23,939,000, an increase of 12.3% from $21,311,000 in 2023[41] Shareholder Metrics - The weighted average common shares outstanding for the three months ended December 31, 2024, were 22,456, compared to 21,270 for the same period in 2023, reflecting an increase of about 5.6%[25] - The weighted average common shares outstanding increased from 21,270,000 in 2023 to 22,456,000 in 2024, reflecting a 5.6% increase[41] Earnings and Losses - Fee-Related Earnings for Q4 2024 was $(11,388) thousand, compared to $(2,361) thousand in Q4 2023, indicating a decline[53] - Distributable Earnings for Q4 2024 was $(2,570) thousand, a decrease from $(579) thousand in Q4 2023[53] - Platform Adjusted EBITDA for Q4 2024 was $(1,002) thousand, compared to $1,553 thousand in Q4 2023, showing a significant drop[53] - The net income attributable to CaliberCos Inc. for the year ended December 31, 2024, was $(19,777) thousand, compared to $(12,703) thousand in 2023[53] Investment and Impairment - The company had invested $16.1 million in its funds as of December 31, 2024, down from $18.3 million as of December 31, 2023[36] - The company recorded an investment impairment of $4,304 thousand for the year ended December 31, 2024[53] Interest and Liabilities - The interest expense for the three months ended December 31, 2024, was $(1,466), compared to $(1,309) for the same period in 2023, indicating an increase of about 12%[25] - Interest expense for the year ended December 31, 2024, was $4,865 thousand, an increase from $4,367 thousand in 2023[53] - Total liabilities decreased from $233,414,000 as of December 31, 2023, to $94,282,000 as of December 31, 2024, a reduction of 59.7%[43] Cash and Liquidity - Cash and restricted cash increased from $3,509,000 as of December 31, 2023, to $4,348,000 as of December 31, 2024, indicating improved liquidity[42] New Initiatives - Caliber has launched the Caliber 1031 Exchange program to provide investors access to curated real estate investment opportunities[12] - The company aims to achieve positive net operating income for the full year 2025 with a refined focus on hospitality, multi-family, and multi-tenant industrial asset classes[5]

CaliberCos Inc. (NASDAQ:CWD) Q4 2024 Earnings Conference Call March 31, 2025 5:00 PM ET Company Participants Lisa Fortuna - Investor Relations Chris Loeffler - Co-Founder and Chief Executive Officer Jade Leung - Chief Financial Officer Conference Call Participants Brendan McCarthy - Sidoti Operator Ladies and gentlemen, welcome to Caliber's Fourth Quarter 2024 Earnings Call. As a reminder, today's call is being recorded for replay purposes. At this time, all lines are in listen-only mode. Following the pres ...

Financial Performance - Total revenues for the year ended December 31, 2024, were $51.1 million, a decrease of 43.8% from $90.9 million in 2023, primarily due to the deconsolidation of Caliber Hospitality, LP and Caliber Hospitality Trust[204]. - Total expenses decreased by 46.1% to $64.4 million in 2024 from $119.5 million in 2023, mainly due to reduced consolidated fund expenses following the same deconsolidation[205]. - The net loss attributable to CaliberCos Inc. increased by 55.7% to $19.8 million in 2024 from $12.7 million in 2023[204]. - Asset management revenues rose by 21.1% to $20.6 million in 2024, compared to $17.0 million in 2023, driven by increased capital raise fees and managed capital[209]. - Performance allocations dropped significantly by 89.6% to $379,000 in 2024 from $3.7 million in 2023, due to changes in carried interest related to hospitality assets[210]. - Total Platform revenues increased slightly by 1.5% to $20.9 million in 2024 from $20.6 million in 2023[208]. - The company reported a net loss before income taxes of $21.5 million in 2024, an improvement from a loss of $27.6 million in 2023, reflecting a 22.2% reduction in losses[204]. - Consolidated Adjusted EBITDA for 2024 was $6,984 thousand, down from $10,168 thousand in 2023, reflecting a decrease of 31.5%[244]. Asset Management and Capital - Caliber has grown to manage over $2.9 billion in assets under management (AUM) and assets under development (AUD) over the past 15 years[181]. - The company has successfully raised a total of $742.8 million in capital through December 31, 2024, indicating strong investor interest in alternative assets[190]. - Managed capital increased from $437.6 million as of December 31, 2023 to $492.5 million as of December 31, 2024, representing a growth of 12.5%[222]. - Fair Value AUM rose from $741.2 million as of December 31, 2023 to approximately $794.9 million as of December 31, 2024, an increase of 7.2%[223]. - Total real estate managed capital increased from $343.6 million in 2023 to $414.2 million in 2024, reflecting a growth of 20.5%[224]. - Managed capital for the Caliber Hospitality Trust increased by $26.7 million during 2024, primarily due to the issuance of $9.6 million in operating partnership units and $17.1 million in non-voting preferred stock[226]. - Managed capital for residential investment funds rose by $22.5 million in 2024, driven by $9.6 million in capital raised and $21.2 million contributed by diversified funds[227]. - Managed capital for commercial investment funds increased by $15.9 million in 2024, with $11.0 million raised and $10.6 million contributed by diversified funds[228]. Economic Environment - The annual inflation rate in the U.S. peaked at 9.1% in June 2022 but decreased to 2.9% by December 2024, impacting investment behaviors and capital formation[197][198]. - The Federal Reserve increased the federal funds rate by 525 basis points from January 1, 2022, to September 2024, affecting the overall economic environment and investor appetite[198]. Investment Strategy - Caliber's investment strategy focuses on middle-market projects valued between $5.0 million and $50.0 million, leveraging local market intelligence and real-time data[182]. - The company has identified strategic acquisitions on off-market terms and anticipates continued opportunities despite increased asset valuations and competition[193]. Debt and Financing - As of December 31, 2024, the company had issued unsecured promissory notes totaling $32.8 million, with an average interest rate of 11.30%[256]. - The company plans to raise $20 million through preferred stock series AA financing to address upcoming corporate note maturities[253]. - The company intends to refinance existing 12-month term notes into a new 36-month term corporate note program, having successfully refinanced $2.7 million so far[253]. - Interest expense rose to $5.4 million in 2024 from $4.7 million in 2023, attributed to an increase in short-term operating loans[213]. - The total stockholders' deficit equity was $(8.4) million in 2024, compared to $6.7 million in 2023, indicating a significant decline in equity[216]. - A 100 basis point increase in variable interest rates would increase annual interest expense by $0.2 million[293]. Cash Flow and Liquidity - Operating activities generated a net cash inflow of $555 thousand in 2024, a significant improvement of $19,275 thousand compared to a cash outflow of $18,720 thousand in 2023[258]. - The company experienced a net cash outflow of $12,743 thousand in 2024, compared to a net inflow of $1,706 thousand in 2023, marking a change of $14,449 thousand[258]. - Net cash flows from operating activities for the year ended December 31, 2024, remained consistent compared to 2023, with an increase attributed to decreased interest payments related to consolidated funds notes payable[261]. - Net cash flows provided by investing activities increased due to payments received on related party notes receivable and a decrease in the acquisition of real estate assets[262]. - Net cash flows used in financing activities increased by $26.0 million due to a decrease in net proceeds on notes payable, while consolidated funds saw a decrease in redemptions and distributions to noncontrolling interest holders by $13.2 million[263]. Technology and Innovation - Caliber's technology stack includes advancements in proptech and artificial intelligence, enhancing its capital formation and investment management strategies[195]. Regulatory Environment - Recent legislation aims to expand the accredited investor criteria, potentially increasing Caliber's investor base significantly[191]. Risk Management - The company mitigates credit risk associated with revenues generated from real estate assets located in multiple states, including Alaska, Arizona, and Texas[294].

3Q 2024 Earnings Supplemental Building on a 15-year track record of profitable growth and success ©2024 Caliber Disclaimers Forward-Looking Statements This presentation includes statements concerning CaliberCos Inc.'s (the "Company," or "Caliber") expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future financial performance, or growth and other statements that are not historical facts. These statements are "forward-looking statements" within the meaning of the Priva ...

Financial Data and Key Metrics Changes - In Q3 2024, total consolidated revenue was $12 million, a decrease of 29.5% compared to the same period last year, primarily due to a decrease in consolidated fund revenues [22] - Consolidated expenses declined by 60.8% to $11.1 million, mainly due to the deconsolidation of certain assets [22] - Net income attributed to Caliber was $0.1 million or $0.1 per diluted share, compared to a net loss of $3.4 million or $0.16 per diluted share in the same period last year [22] - Total platform revenue increased by 98.9% to $7.4 million, driven by development and construction fees and higher fund management fees [22][23] - Platform adjusted EBITDA for Q3 was $2.4 million, compared to a loss of $1.5 million in the same period last year [24] Business Line Data and Key Metrics Changes - Asset management revenues nearly doubled over the quarters, contributing to positive adjusted EBITDA and platform earnings [5] - The increase in platform revenue was primarily driven by development and construction fees due to new projects and milestones related to existing activities [23] - Fund management fees increased due to a rise in managed capital and fees from the growth in the Caliber Hospitality Trust [23] Market Data and Key Metrics Changes - The company noted a decrease in commercial real estate values and a slowdown in fundraising into private real estate funds due to macro trends such as rising interest rates [7] - However, a recent survey indicated that 88% of real estate industry experts expect revenues in commercial real estate to grow next year [7] - The company observed that asset prices, which had been declining, are now decelerating, suggesting a potential inflection point for real estate investments [8] Company Strategy and Development Direction - The company aims to acquire more income-generating real estate investments, particularly through the Caliber Hospitality Trust, targeting middle-market hotels [9] - Plans include creating more single asset investment offerings to attract investment capital [11] - The company is also focused on utilizing unique financing sources to drive revenue growth and has launched a qualified opportunity zone fund Roll Up Program to raise larger investments [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the business's trajectory, noting that they are tracking slightly ahead of their objectives [6] - The company remains confident in achieving positive net operating income at the platform level for the full year 2025 [15] - Management acknowledged ongoing volatility in the business but emphasized their commitment to achieving strategic objectives [6][15] Other Important Information - The company executed a reduction in force of approximately 10% of its employees in May, with expected annual savings of $4 million [25] - The company is actively seeking opportunities to refinance and recapitalize its balance sheet [26] Q&A Session Summary Question: Update on Caliber Hospitality Trust (CHT) and preferred equity environment - Management confirmed they are on track to close on the remaining eight assets by year-end and have secured the majority of the equity necessary for the transaction [29] Question: Details on the increase in platform revenue - Management noted that the increase in platform revenue is linked to the growth in managed capital, which directly impacts fund management fees [30][32] Question: Fundraising channels and origination - Management indicated that they are beginning to see benefits from the wholesale channel, particularly from independent registered investment advisors [33] Question: Performance allocations outlook - Management stated that predicting performance allocations is challenging due to market conditions, but they are starting to see opportunities to realize gains in their asset pool [34]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-41703 CALIBERCOS INC. (Exact name of registrant as specified in its charter) Delaware 47-2426901 | --- | --- | ...

Exhibit 99.1 CALIBER REPORTS THIRD QUARTER 2024 RESULTS Platform revenue increased 98.9% compared to prior year same quarter, resulting in positive platform earnings SCOTTSDALE, Ariz., November 12, 2024 – Caliber (NASDAQ: CWD; "CaliberCos Inc."), a real estate investor, developer, and asset manager, today reported results for the third quarter ended on September 30, 2024. Within this earnings release, we refer to performance results of the 'Platform'. Platform refers to the performance of CWD itself, exclud ...

Caliber Announces Participation in the LD Micro Main Event XVIIPresentation on Wednesday, October 30th at 8:00 AM PTOctober 23, 2024 4:05 PM EDT | Source: LD MicroScottsdale, Arizona--(Newsfile Corp. - October 23, 2024) - Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, announced today that it will be presenting at the 17th annual Main Event on Wednesday, October 30th at 8:00 AM PT at the Luxe Sunset Boulevard Hotel. CFO, Jade Leung, will be representing the company. Chri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-41703 CALIBERCOS INC. (Exact name of registrant as specified in its charter) Delaware 47-2426901 | --- | --- | --- ...