Financial Data and Key Metrics Changes - Total consolidated revenue for Q2 2024 was $8.2 million, a decrease of 60% year-over-year due to the deconsolidation of Caliber Hospitality, LP and Elliot 10 [15] - Consolidated expenses declined by 59.7% to $12.7 million, also attributed to the deconsolidation [16] - Net loss attributed to Caliber was $4.7 million or $0.22 per diluted share, compared to a net loss of $5.7 million or $0.29 per diluted share in the same period last year [16] - Adjusted EBITDA loss for Q2 was $2.4 million, slightly worse than the adjusted EBITDA loss of $2.3 million in the prior year [17] - Total managed capital increased by $32.2 million or 7.4% from $438 million to $470 million from December 31, 2023, to June 30, 2024 [18] Business Line Data and Key Metrics Changes - Consolidated asset management revenues increased by 70.3%, offsetting some losses from other revenue streams [15] - Fund setup fees increased significantly to $665,000 from $9,000 in the prior year due to new fund offerings [17] - Fund management fees rose by 12.5% to $2.7 million, driven by an increase in managed capital and fees from the Caliber Hospitality Trust [17] - Development and construction fees decreased by 50.1% due to reduced activities compared to the previous year [17] Market Data and Key Metrics Changes - The real estate market has seen a significant drop in value, creating opportunities for acquiring income-generating assets [5] - The company is focusing on acquiring more income-generating real estate investments, with plans to close on $1 billion of assets in the Caliber Hospitality Trust [5][6] Company Strategy and Development Direction - Caliber has set three priorities for revenue growth: acquiring more income-generating real estate investments, providing more single asset investment offerings, and completing existing developments [5][8] - The company aims to return to positive EBITDA in Q4 2024 and positive net operating income in 2025 [4] - The strategy includes leveraging technology and optimizing the go-to-market strategy to enhance fundraising capabilities [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving medium and long-term growth prospects despite current market challenges [11] - The company is focused on managing redemption requests effectively and maximizing returns for all investors [22] - Management reiterated that the $3 billion targeted AUM by 2026 remains unchanged and achievable [27] Other Important Information - The company has initiated cost reduction measures, expecting to realize $6.5 million in annualized savings starting in the second half of 2024 [11] - Caliber has made progress in refinancing its unsecured debt, having paid off approximately $4.2 million and extended $27.4 million in debt [12] Q&A Session Summary Question: Fundraising trends in Q2 - Fundraising in Q2 increased to approximately $20 million, doubling from the first quarter, driven by Caliber Hospitality Trust and retail group [20] Question: Redemption trends - Redemption requests have increased but are being managed effectively, with no forced asset sales [22] Question: Single asset investment offerings - Single asset offerings are easier for investors to understand and align with current market preferences, enhancing fundraising efforts [23][24] Question: Confidence in achieving $3 billion AUM target - Confidence in the $3 billion AUM target remains strong, with plans accounting for current market conditions [27]

Financial Performance - Total revenue for Q2 2024 was $8.2 million, a 60.0% decrease compared to Q2 2023, primarily due to the deconsolidation of Caliber Hospitality, LP and the Caliber Hospitality Trust[2] - Net loss attributable to Caliber was $4.7 million, or $0.22 per diluted share, an improvement from a net loss of $5.7 million, or $0.29 per diluted share, in Q2 2023[2] - Fee-Related Earnings for Q2 2024 were reported at $(3,140,000), compared to $(3,535,000) in Q2 2023, indicating an improvement of about 11%[23] - Distributable Earnings for Q2 2024 were $(4,269,000), slightly better than $(4,286,000) in Q2 2023, showing a marginal improvement[24] - The net loss attributable to CaliberCos Inc. for Q2 2024 was $(4,730,000), compared to $(5,726,000) in Q2 2023, reflecting a reduction in losses of approximately 17%[28] - The consolidated adjusted EBITDA for Q2 2024 was $(966,000), an improvement from $(1,257,000) in Q2 2023, indicating a positive trend[26] Revenue Growth - Platform revenue increased by 24.9% year-over-year to $4.2 million, driven by asset management revenue[2] - Total revenues for the asset management platform segment increased to $4,212,000 in Q2 2024, up from $3,372,000 in Q2 2023, representing a growth of approximately 25%[34] - The company reported a total of $4,179,000 in asset management fees for Q2 2024, an increase from $3,348,000 in Q2 2023, marking a growth of about 25%[34] - The company’s performance allocation revenue for Q2 2024 was $16,000, compared to $12,000 in Q2 2023, reflecting a growth of 33%[34] Asset Management and Capital - Fair value assets under management (FV AUM) rose to $773.2 million, a 4.3% increase from December 31, 2023, due to acquisitions and market appreciation[2] - Managed capital increased by 7.4% to $469.8 million, with originations of $38.0 million and redemptions of $5.9 million[2] - As of June 30, 2024, the total managed capital reached $469,800, an increase from $437,625 as of December 31, 2023, representing a growth of approximately 7.3%[41] - The total Fair Value Assets Under Management (FV AUM) increased to $773,213 as of June 30, 2024, up from $741,190 as of December 31, 2023, indicating a growth of about 4.3%[38] - The total real estate assets under management rose to $694,300 as of June 30, 2024, compared to $647,200 as of December 31, 2023, reflecting an increase of approximately 7.3%[38] Cost Management and Savings - The company expects to achieve $6.5 million in annualized cost savings from recent initiatives, with a partial impact anticipated in the second half of 2024[3] - The company’s total expenses for Q2 2024 were $12,655,000, up from $31,406,000 in Q2 2023, showing a significant decrease in expenses[29] Development and Investments - As of June 30, 2024, Caliber was actively developing 1,940 multifamily units and 2.6 million square feet of commercial and industrial space[5] - The company completed the construction of Jordan's Lofts, a 48-unit multifamily property, with 96% of units leased[5] - Caliber received a $10 million investment into its Series D preferred equity, nearly doubling the total preferred equity invested into Caliber Hospitality Trust[5] - The company acquired land for one commercial asset in Colorado during the six months ended June 30, 2024[38] Interest and Redemptions - Interest expense for Q2 2024 was $1,315,000, compared to $1,261,000 in Q2 2023, indicating an increase of approximately 4%[28] - Originations for managed capital were $19,099 for the period ending March 31, 2024, and $18,936 for the period ending June 30, 2024, showing a slight decrease in originations[41] - The company reported redemptions of $2,819 for the period ending March 31, 2024, and $3,041 for the period ending June 30, 2024, indicating an increase in redemptions[41] Credit and Fund Management - The credit FV AUM decreased to $70,972 as of June 30, 2024, from $84,588 as of December 31, 2023, representing a decline of approximately 16.1%[38] - The company earned a fund management fee of 0.70% of the Caliber Hospitality Trust's enterprise value[42] - The company had invested $18.8 million in its funds as of June 30, 2024, compared to $18.3 million as of December 31, 2023[42] - Other managed capital, representing undeployed capital held in diversified funds, was $7,941 as of June 30, 2024, down from $9,402 as of December 31, 2023[42]

Financial Data and Key Metrics Changes - Total consolidated revenue for Q1 2024 was $23 million, a decrease of 22.3% compared to the same period last year, primarily due to a decrease in consolidated fund revenues and performance allocation revenue [52][57] - Net loss attributed to Caliber was $3.8 million or $0.18 per diluted share, compared to a net loss of $1.2 million or $0.07 per diluted share in the same period last year [57] - Adjusted EBITDA loss for Q1 was $1.7 million, compared to adjusted EBITDA of $1 million during the same period a year ago [27] Business Line Data and Key Metrics Changes - Platform revenue decreased by 25.6% to $4.7 million due to lower performance allocations [53] - Fund management fees increased by 11% to $2.6 million, related to a change in fee structure effective upon the contribution of hospitality assets [53] - Development and construction fees increased by 73%, primarily due to fees earned from completing predevelopment work for three projects during the quarter [24] Market Data and Key Metrics Changes - Managed capital increased from $438 million to $454 million from December 31, 2023, to March 31, 2024 [56] - The company signed 26 selling agreements with regional broker-dealers and registered investment advisers for investments in company-sponsored products, indicating improved fundraising activity [4][10] Company Strategy and Development Direction - The company aims to expand fundraising activity, targeting $750 million from 2024 through 2026, and grow AUM to $3 billion, with a focus on the Caliber Hospitality Trust reaching $1 billion in AUM [28][29] - Cost reduction initiatives are in place, with identified savings of approximately $6 million on an annualized basis, aiming to return to annual operating costs of approximately $15 million [18][50] - The company is focused on consistent profitable growth and is actively evaluating opportunities to enhance transparency in financial presentation [20][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in medium and long-term growth prospects, despite current industry conditions and low transaction volume [20] - The management team is focused on achieving profitability as soon as possible and has initiated a review of the cost structure to reflect current market dynamics [48][50] - Management noted ongoing fundraising efforts and the expectation of more normalized fundraising throughout the year [87] Other Important Information - The deconsolidation of six hotel assets has significantly impacted financial results, contributing to a reduction of assets from $299 million in Q1 2023 to $201 million in Q1 2024 [15][21] - Interest expense increased to $1.3 million in Q1 2024, compared to $800,000 in the same period last year, primarily due to an increase in corporate notes outstanding [58] Q&A Session Summary Question: What pace can investors expect with additional selling agreements in the future? - Management indicated that they did not anticipate the rapid increase in selling agreements and expect to see continued growth throughout the year [66][84] Question: Will fundraising seasonality shift due to new selling agreements? - Management believes that some seasonality will continue, particularly in retail channels, but expects more normalized fundraising results throughout the year [67][87] Question: Can you speak to the debt maturity profile and plans to address upcoming maturities? - Management is constantly monitoring debt and plans to refinance with institutional debt providers to extend maturities and recycle capital [75][77]

(605) 702 I 3 (1,828) 831 35 T H E W E A L T H D E V E L O P M E N T C O M P A N Y 36 Brokerage fees REVENUE(1) (AMOUNTS IN THOUSANDS) (UNAUDITED) MANAGED CAPITAL (AMOUNTS IN THOUSANDS) (UNAUDITED) (1) The Company earns a find management fies of 0.70% of the Caliber Hospitality Trust's enterprise value and is reimbursed for certain costs incurred on behalf of the Caliber Hospitality Trust $ 1Q 2024 Earnings Supplemental Building on a 15-year track record of profitable growth and success ©2024 Caliber Discla ...

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 March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-41703 CALIBERCOS INC. (Exact name of registrant as specified in its charter) | Delaware | 47-2426901 | | --- | --- | | (State or other jurisdiction of incorporati ...

Exhibit 99.1 SCOTTSDALE, Ariz., May 9, 2024 – Caliber (NASDAQ: CWD; "CaliberCos Inc."), a real estate investor, developer, and asset manager, today reported results for the first quarter ended on March 31, 2024. • Total revenue of $23.0 million, a 22.3% decrease • Platform revenue of $4.7 million, a 25.6% decrease – Asset management revenue of $4.6 million, a 16.1% increase – Performance allocations of $0.2 million, related to the sale of land in Johnstown, Colorado • Net loss attributable to Caliber of $3. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 | | --- | ...

Financial Data and Key Metrics Changes - For the full-year 2023, consolidated revenue increased by 8.3% to $90.9 million, primarily due to higher hospitality revenue [47] - Net loss attributable to Caliber was $12.7 million, or $0.63 per diluted share, compared to a net income of $2 million, or $0.11 per diluted share in 2022 [67] - Platform revenue for the fourth quarter was $20.6 million, a decrease of 14.4% year-over-year, due to lower asset management revenue [49] Business Line Data and Key Metrics Changes - Core asset management fees improved by 15.1% year-over-year, while asset management revenues decreased by 31.1% to $10.6 million [38][47] - Managed capital increased by 14.2% year-over-year to $437.6 million, reflecting successful fundraising efforts [38] - The company launched four new fund products in 2023, including the Caliber Hospitality Trust and Caliber's Opportunity Zone Fund [31] Market Data and Key Metrics Changes - The commercial real estate transactions were down 50% year-over-year in 2023, marking the sharpest decline since 2009 [32] - The pipeline of distressed commercial real estate is estimated at $218 billion, with $82 billion in true outstanding distress [34] - The Northern Colorado market showed extremely low levels of vacancy and high demand for new development, contrasting with other parts of the country [16] Company Strategy and Development Direction - The company aims to achieve cumulative fundraising of $750 million from 2024 to 2026 and total AUM of $3 billion by the end of 2026 [29][77] - The focus is on expanding into the wholesale fundraising channel and enhancing product offerings to capture market opportunities [30][60] - The company is positioned to provide solutions to regional banks under pressure from non-performing loans, leveraging its expertise in complex projects [62][64] Management's Comments on Operating Environment and Future Outlook - Management noted that interest rates stopped rising in mid-2023, creating new market opportunities, particularly in land development and acquiring existing assets at a discount [5] - The company remains confident in its growth prospects despite the challenging fundraising environment due to high interest rates and regional banking issues [57][58] - Management emphasized the importance of optimizing the cost structure while continuing to support fundraising efforts [81] Other Important Information - The company has signed 26 selling agreements with regional broker dealers and registered investment advisors, significantly increasing its reach [59] - The Caliber Hospitality Trust is expected to generate approximately $10 million in fees per year once fully operational, doubling the company's overall asset management fees [37] - The company is committed to driving profitable growth and achieving $50 million in annualized total platform revenues by the end of 2026 [50] Q&A Session Summary Question: Can you specify where potential cost cuts might come from? - The company will first look to reduce G&A and non-workforce related costs, including marketing and software expenses, to create a more efficient operating model [92]

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Caliber (the “Company” or “CaliberCos Inc.”) (NASDAQ: CWD), a real estate investor, developer, and manager, today announced that Jade Leung, CFO of Caliber, will present at the Sidoti Small-Cap Virtual Conference on Wednesday, March 13, 2024, at 1:00 PM ET. Mr. Leung will also be available for one-on-one meetings with institutional investors held throughout the day. During his presentation, Mr. Leung plans to discuss Caliber’s business model for growth and the growing opp ...

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced the sale of South Ridge, an 80-acre parcel of land in Johnstown, Colo., to Journey Homes for $7.6 million. Caliber purchased the land in September 2021 for $5.38 million as part of its Johnstown Development, an approximately 750-acre master-planned, mixed-use development project. The firm launched a single asset debt offering alongside a land loan secured by Guaranty Bank to fund the ac ...