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Alphatec (ATEC) - 2025 Q3 - Quarterly Results
2025-10-30 20:23
Exhibit 99.1 ATEC Reports Third Quarter 2025 Financial Results And Raises Full-Year Guidance CARLSBAD, Calif., October 30, 2025 – Alphatec Holdings, Inc. (Nasdaq: ATEC), a spine-focused provider of innovative solutions dedicated to revolutionizing the approach to spine surgery, today announced financial results for the quarter ended September 30, 2025, and recent corporate highlights. Third Quarter 2025 Financial Results | | Quarter Ended September 30, 2025 | | --- | --- | | Total revenue | $197 million | | ...
COPT(CDP) - 2025 Q3 - Quarterly Results
2025-10-30 20:23
Financial Performance - For the three months ended September 30, 2025, net income was $43.744 million, an increase of 17.0% compared to $37.397 million for the same period in 2024 [14]. - The company's same property net operating income (NOI) for the three months ended September 30, 2025, was $107.870 million, up from $104.044 million in the same period last year, reflecting a 3.4% increase [14]. - Adjusted EBITDA for the three months ended September 30, 2025, was $103.771 million, compared to $99.236 million for the same period in 2024, representing a 4.6% increase [14]. - The diluted funds from operations (FFO) per share for the three months ended September 30, 2025, was $0.69, consistent with the previous quarter and up from $0.65 in the same period last year [14]. - Total revenues for Q3 2025 were $188.8 million, a slight decrease from $189.9 million in Q2 2025 and $189.2 million in Q3 2024 [24]. - Net income for Q3 2025 was $43.7 million, an increase from $40.2 million in Q2 2025 and $37.4 million in Q3 2024, representing a year-over-year growth of 16.3% [24]. - The company reported a diluted EPS of $0.37 for Q3 2025, up from $0.34 in Q2 2025 and $0.31 in Q1 2025, with a total of $1.01 for the nine months ended September 30, 2025, compared to $0.92 for the same period last year [30]. Portfolio and Occupancy - As of September 30, 2025, COPT Defense Properties' Defense/IT Portfolio consists of 198 properties, encompassing 22.6 million square feet, and is 97.0% leased [7]. - The total portfolio occupancy rate was 93.9% as of September 30, 2025, slightly down from 94.0% in June 2025 and up from 93.1% in September 2024 [18]. - The consolidated portfolio occupancy rate was 92.6% in Q3 2025, compared to 92.8% in Q2 2025 and 91.6% in Q3 2024 [18]. - The Defense/IT portfolio occupancy rate was 95.4% as of September 30, 2025, slightly down from 96.1% in the previous quarter [51]. - The total number of properties in the Defense/IT Portfolio increased to 198, with 168 consolidated properties and 24 unconsolidated JV properties [51]. - Total leased square feet for Defense/IT portfolio reached 792, with an expiring square feet of 968, indicating a retention rate of 81.8% [68]. Assets and Liabilities - The total assets of COPT Defense Properties as of September 30, 2025, were $4.351 billion, an increase from $4.234 billion a year earlier [16]. - The company's total equity as of September 30, 2025, was $1.555 billion, compared to $1.532 billion as of September 30, 2024 [16]. - Total liabilities stood at $2.77 billion as of September 30, 2025, compared to $2.72 billion in June 2025 and $2.68 billion in September 2024 [21]. - The debt to assets ratio as of September 30, 2025, was 56.2%, slightly improved from 56.5% a year earlier [16]. - Total consolidated debt as of September 30, 2025, is $2,462,641, with an effective rate of 3.26% [100]. Revenue and Leasing Activity - Lease revenue increased to $178.3 million in Q3 2025, compared to $175.6 million in Q2 2025 and $170.5 million in Q3 2024, reflecting a year-over-year growth of 4.9% [24]. - Total Defense/IT Portfolio revenues reached $161.57 million for the three months ended September 30, 2025, compared to $158.71 million in the previous quarter, reflecting a growth of 1.1% [43]. - The annualized rental revenue for the total Defense/IT Portfolio was $633.87 million, with a total NOI of $102.86 million for the three months ended September 30, 2025 [51]. - Total leasing activity for Q3 2025 was 971,000 square feet, with year-to-date leasing at 2.3 million square feet [191]. - The company reported a total of $26,982,000 in replacement capital expenditures for Q3 2025, compared to $23,919,000 in Q2 2025 and $21,464,000 in Q1 2025 [32]. Dividends and Shareholder Returns - COPT Defense Properties declared a dividend of $0.305 per common share for the third quarter of 2025, unchanged from the previous quarter [14]. - Total dividends and distributions for Q3 2025 were $35.20 million, up from $33.91 million in Q2 2025, indicating a growth of 3.81% [128]. - The company increased the midpoint of 2025 FFO per share guidance by $0.03 to $2.70, implying a 5.1% growth for the year [181]. Development and Future Outlook - The company has 812,000 square feet under development in the Defense/IT portfolio, with an anticipated total cost of $311,481,000 [86]. - The company has 1,001 acres of land owned/controlled for future development, estimated to yield 10,745,000 developable square feet [91]. - Management anticipates compound annual FFO per share growth of over 4% from 2023 to 2026 [183].
Gaming & Leisure Properties(GLPI) - 2025 Q3 - Quarterly Report
2025-10-30 20:23
Financial Interest and Structure - As of September 30, 2025, GLPI holds a 97.1% controlling financial interest in GLP Capital[167]. - The Company was incorporated on February 13, 2013, and spun off from PENN on November 1, 2013[166]. - The Company operates under a self-administered and self-managed REIT structure[166]. Lease Coverage Ratios - The Coverage ratio for the Penn 2023 Master Lease was reported at 1.88 as of June 30, 2025[170]. - The Coverage ratio for the Amended Pinnacle Master Lease was reported at 1.69 as of June 30, 2025[171]. - The minimum coverage ratio for certain leases must be 1.8 to 1 before a rent escalation of up to 2% can occur[169]. - Bally's Master Lease II has a default adjusted revenue to rent coverage ratio of 1.35, with a coverage ratio projected at 2.78 by June 30, 2025[172]. - The Boyd Master Lease has a default adjusted revenue to rent coverage of 1.4, with a coverage ratio of 2.46 expected by June 30, 2025[174]. - The Pennsylvania Live! Master Lease has a default adjusted revenue to rent coverage of 1.4, with a coverage ratio projected at 2.50 by June 30, 2025[176]. - The Tropicana Lease has a default adjusted revenue to rent coverage of 1.35, with a coverage ratio not available for June 30, 2025[178]. Financial Performance - Total revenues for Q3 2025 were $397.6 million, up from $385.3 million in Q3 2024, representing a 3.0% increase[186]. - Income from operations for Q3 2025 was $337.2 million, compared to $271.4 million in Q3 2024, reflecting a 24.2% increase[186]. - Net income for Q3 2025 increased by $58.4 million to $248.5 million compared to $190.1 million in Q3 2024[188]. - Total revenues for the nine months ended September 30, 2025, were $1,187.7 million, up from $1,141.9 million in the prior year, a 4.0% increase[186]. - The company experienced a decrease in net income for the nine months ended September 30, 2025, to $575.0 million from $584.0 million in the prior year, a decline of 1.5%[197]. Real Estate and Acquisitions - The Company is focused on acquiring, financing, and owning real estate properties to be leased to gaming operators[168]. - The company has committed $225 million for the relocation of Hollywood Casino Aurora, with no funds yet disbursed[180]. - The company has funded $130 million for the relocation of Hollywood Casino Joliet as of September 30, 2025[180]. - The company anticipates funding $940 million for real estate construction costs for Bally's Chicago, with $125.4 million already funded in October 2025[182]. - The company has committed $150 million for the construction of a hotel tower at the M Resort, anticipated to be funded in early November 2025[181]. Operating Expenses and Income - Total operating expenses decreased by $53.5 million for Q3 2025, mainly due to a decline in the provision for credit losses by $65.0 million[187]. - Total operating expenses for the nine months ended September 30, 2025, increased by $30.2 million compared to the prior year, driven by higher land rights and ground lease expenses[187]. - Land rights and ground lease expense increased by $5.8 million for the nine months ended September 30, 2025, due to the acquisition of real estate assets in Bally's Master Lease II[207]. - General and administrative expenses rose by $6.0 million for the nine months ended September 30, 2025, impacted by a $6.3 million executive severance charge[208]. Cash Flow and Debt - Net cash provided by operating activities was $786.2 million for the nine months ended September 30, 2025, an increase of $5.8 million from $780.4 million in 2024[222]. - Financing activities used cash of $830.6 million during the nine months ended September 30, 2025, primarily due to the repayment of long-term debt of $1,825.2 million[224]. - The Company has $7.20 billion of debt outstanding with a weighted average maturity of 7.2 years and an interest rate of 5.08% as of September 30, 2025[229]. - The Company entered into a new $1.25 billion ATM program during the nine months ended September 30, 2025, with $886.7 million remaining for issuance[234]. Risks and Economic Conditions - The Company faces risks related to inflation rates, interest rates, and the financial strength of its tenants[164]. - The company faces risks related to economic conditions, including high inflation and its impact on consumer spending for leisure and gaming activities[192]. - Interest rate risk is a primary market risk exposure, with $6.35 billion of obligations being senior unsecured notes with fixed interest rates[237].
Essex Property Trust(ESS) - 2025 Q3 - Quarterly Report
2025-10-30 20:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to _________ 001-13106 (Essex Property Trust, Inc.) 333-44467-01 (Essex Portfolio, L.P.) (Commission File Number) ESSEX PROPERTY TRUST, INC. ESSEX PORTFOLIO, ...
Equity Residential(EQR) - 2025 Q3 - Quarterly Report
2025-10-30 20:21
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ 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: 1-12252 (Equity Residential) Commission File Number: 0-24920 (ERP Operating Limited Partnership) EQUITY RESIDENTIAL ERP ...
Otis Worldwide (OTIS) - 2025 Q3 - Quarterly Report
2025-10-30 20:21
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________ FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ 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 001-39221 ____________________________________ ...
Prudential(PRU) - 2025 Q3 - Quarterly Report
2025-10-30 20:21
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ 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 001-16707 Prudential Financial, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction ...
1-800-FLOWERS.COM(FLWS) - 2026 Q1 - Quarterly Report
2025-10-30 20:21
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 28, 2025 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 No. 0-26841 1-800-FLOWERS.COM, Inc. (Exact name of registrant as specified in its charter) Delaware 11-3117311 Two Jeric ...
Adtalem Education (ATGE) - 2026 Q1 - Quarterly Report
2025-10-30 20:21
For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 incorporation or organization) Identification No.) 233 South Wacker Drive Chicago, Illinois 60606 (Address of principal e ...
Erie Indemnity(ERIE) - 2025 Q3 - Quarterly Results
2025-10-30 20:21
Financial Performance - Total operating revenue for Q3 2025 reached $1,066,739,000, a 6.7% increase from $999,886,000 in Q3 2024[2] - Net income for the nine months ended September 2025 was $495,955,000, up 10.6% from $448,285,000 in the same period of 2024[2] - Management fee revenue from policy issuance and renewal services increased to $825,275,000 in Q3 2025, compared to $769,162,000 in Q3 2024, reflecting a growth of 7.3%[2] - Total operating expenses for Q3 2025 were $857,818,000, a rise of 4.6% from $819,761,000 in Q3 2024[2] - Net investment income for the nine months ended September 2025 was $61,011,000, compared to $49,235,000 in the same period of 2024, marking a 24% increase[2] Assets and Equity - Total assets as of September 30, 2025, amounted to $3,324,328,000, up from $2,888,614,000 at the end of 2024, indicating a growth of 15.1%[3] - Shareholders' equity increased to $2,308,878,000 as of September 30, 2025, compared to $1,987,258,000 at the end of 2024, representing a growth of 16.2%[3] - Cash and cash equivalents, including restricted cash, increased to $568,551,000 as of September 30, 2025, compared to $298,397,000 at the end of 2024, a significant increase of 90.5%[3] Earnings and Dividends - Class A common stock diluted net income per share rose to $3.50 in Q3 2025 from $3.06 in Q3 2024, an increase of 14.4%[2] - Dividends declared per share for Class A common stock increased to $1.365 in Q3 2025 from $1.275 in Q3 2024, reflecting a growth of 7.1%[2]