Key Takeaways TeraWulf reported a Q4 adjusted loss of 28 cents per share, wider than estimates, on revenues of $35.8M.WULF's digital asset revenues fell Q/Q, while HPC lease revenues rose to $9.7M as capacity came online.TeraWulf secured 522 MW under long-term leases backing $12.8B in contracts, boosting AI-focused growth.TeraWulf Inc.’s (WULF) fourth-quarter 2025 adjusted loss of 28 cents per share came much wider than the Zacks Consensus Estimate of a loss of 13 cents. The company posted a loss of 8 cents ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 24:Kaiser Aluminum Corporation (KALU) : This metal fabrication company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days.Kaiser Aluminum Corporation's shares gained 36.0% over the last three months compared with the S&P 500’s decline of 3.4%. The company possesses a Momentum Score of A.Fluor Corporation (FLR) : This ...

Fourth Quarter 2025 Investor Presentation The Collection at Forsyth | Cumming, GA Highlights Q4 2025 Highlights | Core FFO Per Share | | --- | | Implied property value per square foot | | Square feet of comparable leasing 167,000 activity | | 31% Comparable leasing spread | | ABR from Georgia, Florida, North Carolina & Texas | | Leased Occupancy – 490 bps spread to 91.0% occupancy | | SNO Pipeline – 5.8% of in-place ABR | | Cash ABR PSF | | Quarterly same-property NOI growth 4.3% for shopping centers | | $0 ...

Core Insights - CTO Realty Growth, Inc. reported a strong performance in 2025, with a net income attributable to common stockholders of $0.82 per diluted share for the fourth quarter and $0.08 per diluted share for the full year [2][5] - The company achieved a record high leased occupancy of 95.9% by the end of 2025, reflecting a significant increase from previous periods [4][9] - The company has a positive outlook for 2026, projecting Core FFO per common share to range from $1.98 to $2.03 and AFFO per common share to range from $2.11 to $2.16 [15][17] Financial Performance - For the fourth quarter of 2025, the company reported a net income of $26.5 million, compared to a loss of $17.1 million in the same quarter of 2024 [5][41] - Core FFO attributable to common stockholders was $15.8 million for the fourth quarter, translating to $0.49 per diluted share, up from $0.46 in the fourth quarter of 2024 [5][43] - Adjusted Funds from Operations (AFFO) for the fourth quarter was $16.4 million, or $0.51 per diluted share, compared to $0.49 in the same quarter of the previous year [5][43] Leasing and Occupancy - The company executed over 670,000 square feet of leasing in 2025, contributing to the record high occupancy rate [4][12] - The average cash rent spread increased by 31% for comparable retail spaces in the fourth quarter, and 24% for the full year [5][12] - The signed-not-open pipeline stood at $6.1 million, representing 5.8% of in-place annualized base rent (ABR) [4][12] Investment and Disposition Activity - CTO Realty Growth completed $165.9 million in investments in 2025, with a weighted average initial cash yield of 9.0% [1][5] - The company acquired Pompano Citi Centre for $65.2 million and sold the Shops at Legacy North for $78.0 million during the fourth quarter [5][13] - The company is under contract to acquire a 384,000 square foot shopping center in Texas for $82.6 million [5][13] Balance Sheet and Liquidity - As of December 31, 2025, the company reported total liquidity of $167.1 million, including $149.0 million of undrawn commitments and $18.1 million in cash [11] - Total borrowings amounted to $618.8 million at a weighted average rate of 4.3% [18] - The company has only one maturity in 2026, a $17.8 million mortgage note payable [18] Dividends - The Board of Directors authorized a quarterly cash dividend of $0.38 per share of common stock for the first quarter of 2026, payable on March 31, 2026 [18]

Core Viewpoint - REITs are regaining favor as a safe haven investment, showing a year-to-date increase of 6.9% compared to a broader market decline [1] Group 1: Market Dynamics - The turning point for market sentiment occurred in early February, coinciding with a reversal of previously hot trades and a focus on significant capital expenditure (capex) by hyperscalers during earnings season [3] - Major tech companies like Microsoft, Google, and Amazon experienced declines of 5%, 10%, and 18% respectively, contributing to a 4% drop in the Nasdaq and a 2% drop in the S&P in the first two weeks of February [7][8] - Traditional safe havens, including gold and silver, have not performed well, leading investors to consider REITs as a more reliable option [9][11] Group 2: REITs' Fundamental Strength - REITs have demonstrated strong fundamental performance over the past five years, with metrics such as FFO (Funds From Operations) growth and improved margins [13][16] - The median REIT trades at 13.8X FFO, significantly lower than the S&P's 29.3X trailing earnings, indicating a divergence in valuation [21] - REITs currently offer an FFO yield of 7.24%, compared to the S&P's earnings yield of 3.4%, allowing for larger dividend payouts [24] Group 3: Cash Flow Reliability - REITs benefit from contractual revenue streams that can extend up to 30 years, providing visibility into future cash flows and supporting consistent dividend growth [17][19] - A forecast indicates that 36 REITs are expected to increase their dividends in the first quarter of 2026, reflecting their reliable cash flow structure [17] Group 4: Direct Benefits from Tech Capex - Many REITs are positioned to benefit directly from the trillions of dollars being spent on AI infrastructure, with companies like Equinix reporting accelerating growth in AFFO per share due to increased demand for data centers [29] - The demand for infrastructure related to AI is driving significant growth opportunities for REITs, contrasting with the challenges faced by hyperscalers [29] Group 5: Market Correction and Future Outlook - The current market correction is seen as a recalibration of previously inflated tech valuations, with capital shifting towards undervalued sectors like REITs [32][33] - The outperformance of REITs in 2026 is viewed as just the beginning, with expectations for further normalization of relative value as the market adjusts [33]

Core Viewpoint - Alpine Income Property Trust, Inc. (NYSE:PINE) is positioned for strong growth due to its strategic capital deployment in higher-yielding structured loans and disciplined property acquisitions, leading to an improved earnings profile and attractive total returns by 2026 [1][6]. Group 1: Financial Performance - B. Riley raised the price target for Alpine to $21 from $19, maintaining a Buy rating, citing the REIT's expanding exposure to structured loan investments as a key growth driver [1]. - In the third quarter, Alpine reported property acquisition volume of $60.8 million at a weighted-average cap rate of 7.7%, indicating a focus on essential-use assets [3]. - The company originated $28.6 million in loans at a weighted-average yield of 10.6%, enhancing portfolio returns while maintaining a conservative risk profile [4]. Group 2: Dividend and Payout - Alpine declared a quarterly cash dividend of $0.285 per share, translating to an annualized yield of approximately 8.25%, with an AFFO payout ratio of 62%, allowing for reinvestment and future growth [5]. Group 3: Strategic Focus - The company focuses on single-tenant commercial properties leased to high-quality tenants in essential retail, distribution, and industrial sectors, which supports its disciplined capital deployment and improving yield mix [6].

Core Insights - The company reported a record investment year for 2025, completing $277.7 million in investments, with $142.1 million in the fourth quarter, and a weighted average initial yield of 10.3% for the year [1][5] - Earnings growth for both the fourth quarter and full year was attributed to investment activity and disciplined balance sheet management [1] - The company announced an increase in the quarterly common dividend by 5.3% to $0.30 per share, effective in the first quarter of 2026, driven by earnings and taxable income growth [21] Financial Performance - Total revenue for the full year was $60.5 million, including $48.7 million from lease income and $11.4 million from interest income [1] - Fourth quarter revenue was $16.9 million, with lease income of $12.7 million and interest income of $4.0 million [2] - Funds from operations (FFO) and adjusted funds from operations (AFFO) attributable to common stockholders were $1.88 and $1.89 per diluted share for the full year, representing approximately 8.6% growth [1] - FFO and AFFO for the fourth quarter were $0.54 per diluted share, reflecting a 22.7% increase year-over-year [2][6] Investment Activity - The company acquired eight properties in the fourth quarter for approximately $40 million at a weighted average initial cash cap rate of 6.9% [7] - For the full year, 13 properties were acquired for $100.6 million at a weighted average initial cap rate of 7.4% [7] - The company sold nine noncore properties in the fourth quarter for $38.4 million at a weighted average exit cap rate of 7.7%, with full-year dispositions totaling $72.8 million [8] Portfolio Composition - Following acquisition and disposition activity, 51% of annual base rent (ABR) is now generated from investment-grade rated tenants, with Lowe's, Dick's Sporting Goods, and Walmart representing 29% of ABR [9] - The property portfolio consisted of 127 properties totaling 4.3 million square feet across 32 states, with a weighted average lease term of 8.4 years and 99.5% occupancy [11] Commercial Loan Growth - The company originated $177 million of commercial loans for the full year at a weighted average initial coupon of 12% [12] - The net commercial loan portfolio increased to approximately $129.8 million, with a target allocation of about 20% of total undepreciated asset value [14][15] Capital and Debt Management - The company raised $50 million through a public offering of Series A preferred stock and completed a new unsecured credit facility, leaving no debt maturities for three years [17] - The net debt to pro forma Adjusted EBITDA improved to 6.7x from 7.4x at the beginning of the year, with liquidity of $65.8 million [19] 2026 Guidance - Initial guidance for 2026 FFO per diluted common share is set at $2.07 to $2.11, with assumptions of $70 million to $100 million in investment volume and $30 million to $60 million in dispositions [20]

Core Insights - Three stocks in the real estate sector are identified as potentially overbought, which may concern momentum-focused investors [1] Group 1: Alexandria Real Estate Equities Inc (ARE) - Alexandria Real Estate Equities has an RSI value of 78.6, indicating it is overbought [5] - The stock gained approximately 23% over the past month, reaching a 52-week high of $105.14 [5] - JP Morgan analyst Anthony Paolone maintained a Neutral rating and lowered the price target from $65 to $63, with the stock closing at $59.69 after a 2.8% increase [5] Group 2: Easterly Government Properties Inc (DEA) - Easterly Government Properties has an RSI value of 75, also indicating it is overbought [6] - The company reported strong quarterly results, with a stock gain of around 11% over the past month and a 52-week high of $29.74 [6] - The stock closed at $23.60 after a 1.1% increase [6] Group 3: Alpine Income Property Trust Inc (PINE) - Alpine Income Property Trust has an RSI value of 74.1, suggesting it is overbought [6] - The company acquired a property in Aspen, Colorado for $10 million, with the stock gaining approximately 11% over the past month and reaching a 52-week high of $18.32 [6] - The stock closed at $18.22 after a 1.9% increase [6]

Core Viewpoint - CTO Realty Growth will report its financial and operating results for Q4 and the full year of 2025 on February 19, 2026, after market close [1] Group 1: Financial Reporting - The financial results announcement is scheduled for February 19, 2026 [1] - A conference call to discuss these results will take place on February 20, 2026, at 9:00 AM ET [1] Group 2: Accessing the Conference Call - A live webcast of the call will be available on the Company's Investor Relations page [2] - Participants are encouraged to register and dial in at least fifteen minutes before the call starts [3] Group 3: Company Overview - CTO Realty Growth, Inc. owns and operates high-quality, open-air shopping centers in the Southeast and Southwest markets of the U.S. [4] - The Company also manages and holds a significant interest in Alpine Income Property Trust, Inc. [4]

Core Viewpoint - CTO Realty Growth, Inc. has reported significant transaction activities for the year 2025, including new leases and investment activities, indicating a strong performance in high-growth markets [1][7]. Leasing Update - The company executed three new leases at The Collection at Forsyth, totaling approximately 12,000 square feet, with lease terms ranging from 5 to 15 years, increasing the Center's leased occupancy to 93% [2][3]. Property Overview - The Collection at Forsyth is a 561,000-square-foot outdoor lifestyle center located in a rapidly growing area of Atlanta, featuring a mix of national retailers, local boutiques, restaurants, fitness concepts, and entertainment venues [3]. Investment Activity - For the full year 2025, the company reported total investment activity of $165.9 million with a weighted average initial cash yield of 9.0%. This includes the acquisition of two shopping center properties for $144.9 million at a yield of 8.7% and $21.0 million in structured investment commitments at a yield of 10.7% [7]. Disposition Activity - The company also reported disposition activity totaling $85.1 million for the year, with a weighted average exit cash rate in the mid-5% range [7].