Property Portfolio - As of December 31, 2025, the company owned 820 properties with a total of 40.7 million rentable square feet, 97% of which were leased, and a weighted-average remaining lease term of 6.1 years[18]. - Approximately 74% of the company's properties were located in the U.S. and Canada, while 26% were in Europe, with 46% classified as Industrial & Distribution, 27% as Retail, and 27% as Office properties[18]. - The total portfolio consists of 820 properties with an annualized straight-line rent of $409.3 million, representing 100% of the total portfolio[211]. - The United States accounts for 75.6% of the total square footage, with 742 properties covering 30,738 thousand square feet[215]. - The industrial and distribution segment generates 46% of the total annualized straight-line rent, amounting to $188.2 million[211]. - The healthcare sector represents 6% of the total annualized straight-line rent, totaling $25.5 million[213]. - The geographic distribution shows that Michigan has 12.5% of the total properties in the U.S., with an annualized straight-line rent of $51.1 million[215]. - The company has properties in 10 countries, with the United Kingdom and the Netherlands contributing 10% and 4.6% of the total annualized straight-line rent, respectively[215]. Financial Performance - Cash flows provided by operations were $222.8 million for the year ended December 31, 2025, while total dividends paid amounted to $235.8 million[53]. - As of December 31, 2025, 66% of the company's rental income was derived from Investment Grade rated tenants, with 34% having actual investment grade ratings and 32% having implied investment grade ratings[26]. - Approximately 86% of the company's leases contained rent escalation provisions, resulting in an average cumulative increase of 1.4% per year[27]. - The company may need to reduce dividend payments if it cannot generate sufficient cash from operations, as dividends have historically been funded from cash on hand and borrowings[54]. - The company may incur tax liabilities even as a REIT, which could reduce cash available for distribution to stockholders[177]. - The company must distribute at least 90% of its REIT taxable income annually to qualify as a REIT, which may limit its ability to pursue attractive investment opportunities[178]. Debt and Financing - The company had $1.3 billion in gross mortgage notes payable as of December 31, 2025, which includes $324.2 million in outstanding debt under the Revolving Credit Facility[60]. - The company has $2.6 billion of total gross indebtedness outstanding, including $1.3 billion of secured indebtedness and $1.0 billion of Senior Notes[135]. - The company may face challenges in refinancing its debt due to increased interest rates and market conditions[136]. - The company may face limitations on borrowing additional funds due to covenants in its debt agreements, affecting operational flexibility[145]. - A breach of covenants in debt agreements could result in an event of default, leading to potential foreclosure on assets securing the debt[147]. Market Risks - The company may face challenges in accessing capital for property acquisitions due to market volatility and liquidity disruptions, which could limit growth opportunities[48]. - Market and economic challenges, including inflation and geopolitical instability, may adversely affect operating results and financial condition[55]. - Changes in foreign currency exchange rates may impact the value of assets and cash flows, particularly from international investments[61]. - The company may experience impairment charges if the fair market value of its long-lived assets declines[118]. - The company may face significant competition for property acquisitions from both publicly traded REITs and private investors, which could adversely affect its growth strategy[95]. Tenant and Lease Risks - The company is subject to risks associated with tenant defaults, as the financial condition of tenants directly impacts rental revenue and property values[66]. - Concentrations in specific industries include Financial Services at 9%, Freight & Logistics at 8%, and Healthcare at 6%, which could magnify adverse effects on the portfolio[68]. - 34% of tenants were not evaluated or ranked by credit rating agencies or were rated below "investment grade," increasing the risk of lease defaults[83]. - Properties may experience prolonged vacancies due to tenant defaults or lease expirations, leading to reduced revenues and declining market value[88]. Regulatory and Compliance Risks - The company is internally managed as a REIT and must distribute at least 90% of its taxable income to maintain its tax status[33]. - Compliance with environmental laws and regulations may result in significant costs, impacting the company's financial performance[97]. - The company may incur costs related to compliance with the Americans with Disabilities Act, which could result in unanticipated expenses[111]. - The expiration of the Terrorism Risk Insurance Act in December 2027 may increase the company's exposure to losses from terrorist attacks[112]. Cybersecurity and Operational Risks - The company has developed a cybersecurity risk management program to protect critical systems and information, integrated into its overall enterprise risk management[203]. - The Audit Committee oversees the cybersecurity risk management program and receives periodic reports on cybersecurity risks from management[206]. - Management is responsible for assessing and managing material risks from cybersecurity threats, supervising both internal and external cybersecurity personnel[209]. Shareholder and Equity Matters - The company has authorized a share repurchase program with a total purchase price not exceeding $300 million, of which approximately $180 million was available as of December 31, 2025[160]. - The company may issue additional equity securities in the future, which could dilute the holdings of existing stockholders[157]. - The share repurchase program does not obligate the company to repurchase any specific dollar amount or number of shares, and future repurchases will depend on market conditions[161].

Exhibit 99.1 CrossAmerica Partners LP Reports Fourth Quarter and Full Year 2025 Results Allentown, PA February 25, 2026 – CrossAmerica Partners LP (NYSE: CAPL) ("CrossAmerica" or the "Partnership"), a leading wholesale fuels distributor, convenience store operator, and owner and lessor of real estate used in the retail distribution of motor fuels, today reported financial results for the fourth quarter and full year ended December 31, 2025. "We delivered a solid fourth quarter, driven by strong retail and w ...

Exhibit 99.1 Fourth Quarter Pre-Tax Income of $144 million and Diluted EPS of $7.25 Full Year 2025 Pre-Tax Income of $429 million and Diluted EPS of $22.72 Gross Loss Ratio of 15.6% for the fourth quarter and 19.6% for the full year 2025 Tampa, Fla. – February 25, 2026 – HCI Group, Inc. (NYSE:HCI), reported pre-tax income of $144 million and net income of $108 million in the fourth quarter of 2025 compared with pre-tax income of $6 million and net income of $4 million in the fourth quarter of 2024. Net inco ...

Pennant Reports Fourth Quarter and Fiscal Year 2025 Results Exhibit 99.1 Conference Call and Webcast scheduled for tomorrow, February 26, 2026 at 10:00 am MT EAGLE, Idaho – February 25, 2026 (GLOBE NEWSWIRE) - The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced its operating results, reporting GAAP diluted earnings per share of $0.84 for the full year and $0.24 for the fourth quarter of 2025. Pennant ...

Exhibit 99.1 UNIVERSAL HEALTH REALTY INCOME TRUST Universal Corporate Center 367 S. Gulph Road P.O. Box 61558 King of Prussia, PA 19406 (610) 265-0688 FOR IMMEDIATE RELEASE CONTACT: Charles Boyle February 25, 2026 Chief Financial Officer (610) 768-3300 UNIVERSAL HEALTH REALTY INCOME TRUST REPORTS FINANCIAL RESULTS FOR THE THREE AND TWELVE-MONTH PERIODS ENDED DECEMBER 31, 2025 Consolidated Results of Operations - Three-Month Periods Ended December 31, 2025 and 2024: KING OF PRUSSIA, PA - Universal Health Rea ...

FOR IMMEDIATE RELEASE CHURCHILL DOWNS INCORPORATED REPORTS 2025 FOURTH QUARTER AND FULL YEAR RESULTS LOUISVILLE, Ky. (February 25, 2026) - Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company", "CDI", "we") today reported business results for the quarter and full year ended December 31, 2025. Company Highlights | CONSOLIDATED RESULTS | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Fourth Quarter | | | | | | | Years Ended December 31, | | | (in millions, except per share data ...

Exhibit 99.1 IMAX CORPORATION REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS NEW YORK, NY — February 25, 2026 — IMAX Corporation (NYSE: IMAX) today reported excellent financial results for the fourth quarter and full-year of 2025, demonstrating the value of its unique global entertainment platform and broad content portfolio. "2025 was a transformational year for IMAX, in which we took our performance to the next level and firmly established IMAX as a premier global platform for entertainment and events, ...

Exhibit 99.1 NPK REPORTS FOURTH QUARTER 2025 RESULTS Company reports revenues of $75 million; Diluted EPS from Continuing Operations of $0.13 Company provides full year 2026 revenue guidance of $305-$325 million and Adjusted EBITDA of $88-$100 million THE WOODLANDS, TEXAS – February 25, 2026 – NPK International Inc. (NYSE: NPKI) ("NPK" or the "Company") today announced results for the three and twelve months ended December 31, 2025. FOURTH QUARTER 2025 RESULTS (all comparisons versus the prior year period u ...

Kennedy-Wilson Holdings, Inc. Supplemental Financial Information Fourth Quarter and Full Year December 31, 2025 TABLE OF CONTENTS | Earnings Release | | | --- | --- | | News Release | 3 | | Consolidated Balance Sheets (unaudited) | 8 | | Consolidated Statements of Income (unaudited) | 9 | | Non-GAAP Metrics (unaudited) | 10 | | Supplemental Financial Information (unaudited) | | | Capitalization Summary | 16 | | Components of Value | | | Components of Value Summary | 17 | | Stabilized Portfolio | 19 | | Segm ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Xperi Inc. Announces Fourth Quarter and Full Year 2025 Results Achieved 5.3 Million Monthly Active Users on the TiVo One Ad Platform Increased DTS AutoStage Footprint by 40 Percent to Reach 14 Million Vehicles at Year End Company Expects to Double Media Platform Revenue and Achieve Positive Free Cash Flow in 2026 San Jose, Calif. (February 25, 2026) – Xperi Inc. (NYSE: XPER) (the "Company" or "Xperi"), a media and entertainment technology company that invents, develops, an ...