HOUSTON, TX / ACCESS Newswire / February 16, 2026 / ASC Global Inc. is a wholly-owned subsidiary of Token Communities (OTCID:TKCM), its APOZ Project (Asia Pacific Opportunity Zone) is now nominated for the 2026 Pinnacle Award along with other nominees such as Hitachi, Hyundai, Genesis and others. According to Mr. ...

Financial Data and Key Metrics Changes - The company reported GAAP earnings of $2.5 million for Q4, with earnings available for distribution (EAD) at approximately -$500,000, leading to a per diluted share of $0.06 [8] - The company has a negative book value of about $300 million, or $31 per diluted share, and a common stock dividend yield of 8.7% [9] - The company holds around $100 million in cash and liquidity, with total equity in the vehicle at $300 million [7] Business Line Data and Key Metrics Changes - The company is focused on acquiring multifamily loans from its operating business, Genesis, which is projected to produce between $6 billion and $7 billion in loans this year [11] - The company aims to grow earnings to between $1.60 and $1.70 per share, contingent on a recapitalization of the vehicle [5][11] Market Data and Key Metrics Changes - The company is currently trading at roughly 50% of its book value, with stock prices fluctuating between $15 and $16 following a 6-to-1 reverse stock split [4][7] - The commercial real estate sector is experiencing dislocation, with many REITs and BDCs trading poorly, which presents potential opportunities for the company [9][10] Company Strategy and Development Direction - The company plans to reposition itself as a dedicated commercial real estate vehicle and an opportunistic investment vehicle, focusing on capital formation and earnings growth [4][5] - The strategy includes acquiring multifamily loans and expanding into commercial real estate investments, with a focus on opportunistic acquisitions [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for earnings growth and the ability to attract third-party capital, while remaining cautious about market conditions [10][29] - The company is committed to maintaining a clean balance sheet and is patient in its approach to recapitalization, aiming to avoid dilutive actions [10][29] Other Important Information - The company has identified a pool of approximately $1 billion in assets that could be added to the vehicle, subject to board approvals, which would lead to an immediate increase in earnings [30] - Management highlighted the importance of credit quality in sourcing loans, emphasizing a balanced approach between internal and third-party loan origination [39][40] Q&A Session Summary Question: Will RPT receive a slice of the NOI from the Paramount transaction? - Management indicated that RPT has $50 million of the Paramount deal on its balance sheet, and earnings will be pro rata based on Rithm's performance [19] Question: Are there plans to explore more loans from Genesis? - Management confirmed that Genesis is expected to produce $6 billion to $7 billion in loans, and successful capital raises would allow for loans to be added directly to the balance sheet, enhancing earnings [20] Question: Is there a tolerance for finding other sources of capital? - Management acknowledged the potential for third-party capital to be introduced, but emphasized the importance of timing and market conditions [28] Question: What types of loans will be prioritized? - Management stated that the primary focus will be on multifamily loans generated by Genesis, which are expected to be highly accretive [30] Question: Is there an opportunity to acquire from banks? - Management noted that there is currently limited bank selling, but the demand for Genesis's products remains strong, creating opportunities for growth [41]

Rithm Property Trust (NYSE:RPT) Q4 2025 Earnings call February 13, 2026 08:00 AM ET Company ParticipantsCraig Kucera - Managing Director of Equity ResearchEmma Hoelke - Deputy General CounselHenry Coffey - Managing DirectorMichael Nierenberg - CEOConference Call ParticipantsJason Stewart - Stock AnalystOperatorThank you for standing by. At this time, I would like to welcome everyone to the Rithm Property Trust Fourth Quarter 2025 Earnings Call. All lines have been placed on mute to prevent any background no ...

Financial Data and Key Metrics Changes - The company reported GAAP earnings of $2.5 million for Q4 2025, with earnings available for distribution (EAD) at approximately -$500,000, leading to a per diluted share of $0.06 [8][9] - The common stock dividend yield is 8.7%, and the company has about $100 million in cash and liquidity [9][10] - The company is trading at roughly 50% of book value, with total equity in the vehicle at $300 million [6][7] Business Line Data and Key Metrics Changes - The company aims to grow its multifamily lending business, projecting production between $6 billion and $7 billion for the year, up from $1.7 billion previously [11] - The company has identified a pool of assets worth around $1 billion that could be added to the vehicle, which would lead to an immediate increase in earnings [30] Market Data and Key Metrics Changes - The commercial real estate sector is currently dislocated, with many REITs and BDCs trading poorly due to liquidity issues [9][10] - The company is optimistic about the office segment within commercial real estate, despite recent market volatility [14] Company Strategy and Development Direction - The company is focused on a potential recapitalization to enhance earnings and dividend growth, targeting earnings of $1.60 to $1.70 per share [5][11] - The strategy includes acquiring multifamily loans from its operating business, Genesis, and pursuing opportunistic investments in commercial real estate [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed a commitment to patience in executing their strategy, emphasizing the importance of market stabilization before proceeding with significant capital raises [10][15] - The management team highlighted the diversified earning streams within the company, which can mitigate risks associated with underperforming segments [14] Other Important Information - The company announced a reverse stock split of 6-to-1 to attract more interest in its stock [4] - The management team is exploring opportunities to become a Fannie Mae and Freddie Mac servicer or originator in the multifamily space [11][12] Q&A Session Summary Question: Will RPT receive a slice of the NOI from the Paramount transaction? - Management indicated that RPT has $50 million of the Paramount deal on its balance sheet, and earnings will be pro rata based on Rithm's performance [19] Question: Are there plans to increase loans from Genesis? - Management confirmed that Genesis is expected to produce $6 billion to $7 billion in loans, which will be accretive to RPT [20] Question: Is there a tolerance for finding other sources of capital? - Management acknowledged the possibility of bringing in third-party capital but emphasized the need to avoid dilutive actions [28] Question: What types of loans will RPT focus on? - Management stated that the primary focus will be on multifamily loans generated by Genesis, which are expected to be highly accretive [30] Question: Is there an opportunity to acquire from banks? - Management noted that banks are currently not significant sellers, but there is demand for the products that Genesis is producing [41]

Core Viewpoint - Rithm Property Trust Inc. is focusing on capital formation and strategic investments to enhance earnings and shareholder value, particularly through multifamily loans and commercial real estate acquisitions, while navigating a challenging market environment. Financial Performance - The company reported flat earnings with Q4 GAAP earnings at $2.5 million, and a negative EAD of $500,000, resulting in a per diluted share loss of $0.06 [7][8] - The book value stands at approximately $300 million, equating to about $31 per diluted share, while the stock is trading at roughly 50% of book value [6][8] Investment Strategy - Rithm Property Trust Inc. aims to transition from flat earnings to a target of $1.00 to $1.70 per share, with a projected 9% dividend yield and a book value of around $20, contingent on successful capital raising and recapitalization efforts [5][10] - The company has identified a pool of assets worth around $1 billion that could be integrated into the vehicle, potentially leading to an immediate increase in earnings [22] Market Position - The company currently holds about $100 million in cash and liquidity, with total equity of $300 million, positioning itself to capitalize on market opportunities as conditions stabilize [6][9] - Rithm Property Trust Inc. is externally managed by Rithm, which has a strong team of real estate investment professionals to support growth [6][7] Future Outlook - The company is optimistic about growth in the multifamily lending business, projecting production between $6 billion and $7 billion for the year, and is exploring opportunities to become a Fannie/Freddie servicer or originator [10][11][28] - Rithm Property Trust Inc. is focused on diversifying its earnings streams and is confident in its ability to identify and acquire opportunistic investments in the commercial real estate sector [14][12]

Core Viewpoint - BlockFills, a Chicago-based crypto lender and liquidity provider, has temporarily halted client deposits and withdrawals due to notable volatility in the crypto market, with asset prices trending lower [1][3]. Company Summary - BlockFills operates as a cryptocurrency solutions firm and digital asset liquidity provider, serving approximately 2,000 institutional clients, including crypto-focused hedge funds and asset managers. In 2025, the firm handled $60 billion in trading volume [2]. - The suspension of deposits and withdrawals was implemented last week and remains in effect, aimed at protecting both clients and the firm amid recent market and financial conditions [3][4]. - Despite the suspension, clients can still trade on the platform, opening and closing positions in spot and derivatives markets [3]. Industry Context - Withdrawal freezes in the crypto industry often raise concerns, as seen during the last severe downturn in 2022 when several high-profile lenders halted withdrawals before filing for bankruptcy [5]. - A table detailing the withdrawal pauses and subsequent bankruptcy filings of various crypto firms illustrates the interconnectedness of these events, leading to market destabilization [6]. - Temporary suspensions can serve as defensive measures during intense market stress, and there is currently no evidence suggesting that BlockFills is insolvent. The suspension coincides with warnings of a renewed "crypto winter," as the total cryptocurrency market capitalization has declined by over 22% since the start of the year [7].

Crypto trading firm and lender BlockFills has suspended deposits and withdrawals on its platform amid volatile market conditions, the company confirmed to Decrypt. The firm, which lists over-the-counter (OTC) trade execution, liquidity provisioning, and lending services among its crypto services, called the measures “temporary.” TheMinerMag first reported word of the suspension. “In light of recent market and financial conditions, and to further the protection of clients and the firm, BlockFills took the a ...

Core Insights - Omega Healthcare Investors reported strong fourth-quarter results with adjusted funds from operations (AFFO) of $0.80 per share and funds available for distribution (FAD) of $0.76 per share, reflecting growth driven by new investments and reduced interest expenses [1][3][6] - The company achieved a revenue increase to $319 million in the fourth quarter, up from $279 million year-over-year, with net income rising to $172 million compared to $116 million in the prior-year quarter [2][4] Financial Performance - Fourth-quarter FAD increased by one cent from the previous quarter, supported by $485 million in new investments and approximately $1 million in lower net interest expenses [1] - Full-year AFFO and FAD growth exceeded 8% year-over-year, aided by $1.1 billion in capital deployment [3][6] - The dividend payout ratio decreased to 84% of AFFO and 88% of FAD [3][6] Portfolio and Investment Activity - Omega now owns or partners in 1,111 facilities and completed over $1.1 billion in transactions during 2025, including expansions and new stakes in various facilities [5][12] - The company is monitoring the Genesis Chapter 11 bankruptcy, with expectations for resolution in Q3 or Q4 of 2026 [5][9][10] - Recent investments include a $93 million purchase of 9.9% of Saber's operating company equity and a $109 million acquisition of skilled nursing facilities in Georgia [13][14] Balance Sheet and Leverage - Omega significantly strengthened its balance sheet by reducing funded debt by over $700 million, including a $600 million note payoff, resulting in a leverage ratio of 3.51x [6][7] - The company ended 2025 with $27 million in cash and over $1.7 billion in revolver capacity, alongside a new $2 billion at-the-market program [7][8] Guidance and Future Outlook - Full-year 2026 adjusted FFO guidance is set between $3.15 and $3.25 per share, factoring in completed investments and scheduled loan repayments [16] - Management indicated a conservative approach to RIDEA underwriting and is considering increasing the dividend, contingent on board decisions [18] Regulatory Environment - Recent legislative changes addressed a 4% Medicare cut, and minimum staffing standards were repealed, which Omega welcomed [17] - The company anticipates minimal impact from CMS's proposal for flat rates in 2027 due to low Medicare Advantage exposure [17]

Financial Data and Key Metrics Changes - Fourth quarter adjusted funds from operations (AFFO) were $0.80 per share, and funds available for distribution (FAD) were $0.76 per share, reflecting strong revenue and EBITDA growth driven by acquisitions and active portfolio management [7][8] - Full year AFFO and FAD growth exceeded 8% year-over-year, supported by $1.1 billion in capital deployment [8] - Revenue for the fourth quarter was $319 million, up from $279 million in the same quarter of 2024, with net income increasing to $172 million or $0.55 per share compared to $116 million or $0.41 per share in Q4 2024 [36] Business Line Data and Key Metrics Changes - Omega has investments in 1,111 facilities, with 62% being skilled nursing and transitional care facilities, and 38% in U.S. senior housing and U.K. care homes [12] - Trailing 12-month operator EBITDAR coverage for the core portfolio increased to 1.57x, up from 1.55x in Q2 2025, indicating strong credit support for existing investments [13] Market Data and Key Metrics Changes - Omega's transaction activity in 2025 was robust, with over $1.1 billion in new investments, of which approximately 66% was in senior housing facilities or U.K. care homes [22][23] - The company is focusing on purchasing U.S. skilled nursing facilities, U.S. senior housing facilities, and U.K. care homes, with a mixed bag of deal structures [35][116] Company Strategy and Development Direction - Omega aims to enhance shareholder returns by acquiring underperforming assets at prices below replacement cost and partnering with proven operators to improve cash flow and underlying real estate value [25] - The company is expanding its investment structures to include RIDEA for U.S. senior housing and U.K. care homes, targeting higher risk-adjusted returns over time [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operating environment, noting that the momentum from 2025 should carry into a strong 2026 [43] - The company is closely monitoring regulatory changes and their potential impact on operators, particularly regarding Medicare and staffing standards [49][51] Other Important Information - Omega's balance sheet remains strong, with a fixed charge coverage ratio of 5.8x and leverage reduced to 3.51x [41] - The company has entered a new $2 billion ATM program and ended the quarter with $27 million in available cash [42] Q&A Session Summary Question: Can you provide an update on the Saber strategy and its differentiation? - Management highlighted that they focus on smaller deals that require turnaround efforts, aiming for low- to mid-teens IRRs [56][58] Question: What is the status of the Genesis bankruptcy and expected returns? - Management indicated that they expect the bankruptcy process to conclude in Q3 or Q4 of 2026, with anticipated proceeds covering their loans [20][65] Question: How are the Georgia skilled nursing facilities performing? - The facilities were described as good buildings with a higher initial yield of 10.6%, leased to a current Omega operator [71] Question: What is the outlook for portfolio transactions? - Management noted that portfolio transactions are trading at a premium, but they prefer selective acquisitions rather than large portfolio deals [73][74] Question: How is the Canadian market compared to the U.S.? - The Canadian market is likened to the U.K. care home market, with a focus on long-term residents and a partnership with a well-established operator [110][112]

Financial Data and Key Metrics Changes - The company reported earnings available for distribution of $2.35 per diluted share, representing a 12% year-over-year growth [13] - GAAP net income for the year was $567 million, with a return on equity of 8% [14] - Book value at the end of the year was reported at $7 billion, equating to $12.60 per common share, an increase from the previous year [15][16] Business Line Data and Key Metrics Changes - The Genesis business produced just under $5 billion in loans, with earnings up 250% since its acquisition in 2022 [8] - Newrez, the mortgage company, saw year-over-year earnings growth of 13% [8] - Sculptor's AUM grew from $34 billion to $38 billion, with gross inflows of $5.8 billion in 2025 [17][26] Market Data and Key Metrics Changes - The company manages over $100 billion in investable assets, with $63 billion in Rithm Asset Management AUM and $53 billion in balance sheet business [11] - The 10-year Treasury yield increased to approximately 4.30%, while mortgage rates have slightly decreased [16] - San Francisco recorded approximately 9 million sq ft of leasing activity, the strongest annual total since 2019, indicating a recovery in the market [37][39] Company Strategy and Development Direction - The company aims to grow prudently by creating alpha and results for clients, focusing on performance-driven asset management [6][11] - The acquisition of Paramount is seen as a transformational move into the commercial real estate space, with a focus on Class A office buildings [30][32] - Investments in technology and marketing are prioritized to enhance customer experience and operational efficiency [9][46] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in the San Francisco market, particularly driven by AI companies and a return to office momentum [35][39] - The company anticipates a continued steepening of the yield curve, which could benefit its operations [22] - Management remains cautious about competition in the mortgage space, emphasizing a disciplined approach to origination and market share [60][65] Other Important Information - The company has made significant investments in technology, including partnerships with Valon and HomeVision to enhance its servicing and underwriting capabilities [46][47] - The company has a strong focus on maintaining high-quality tenant relationships and enhancing amenities in its real estate portfolio [39] Q&A Session Summary Question: Can you detail the funded volumes, particularly the refi percentage? - The increase in refi volume was driven by market conditions, including a rally in late summer and tighter spreads, leading to expectations of continued growth in the first quarter [58][59] Question: What is the company's view on competition in the mortgage space? - The company acknowledges the competitive nature of the mortgage business but emphasizes its focus on maintaining margins and not engaging in irrational pricing wars [63][65] Question: How did the gain on sale margin improve in the retail channel? - The improvement was attributed to a favorable mix and timing of completions, alongside a focus on maintaining margins in the consumer direct channel [70]