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 ...

Key Takeaways SBAC posted Q4 AFFO of $3.19, missing estimates, as operating income fell 21.8%.SBAC revenues rose 3.7%, but higher site costs and interest expenses put pressure on margins.SBAC guided 2026 AFFO below consensus and raised its dividend 12.6% to $1.25.SBA Communications Corporation (SBAC) reported fourth-quarter 2025 adjusted funds from operations (AFFO) per share of $3.19, missing the Zacks Consensus Estimate of $3.25. The figure compared unfavorably with the FFO of $3.47 in the prior-year peri ...

Core Insights - HUT 8 Corp. reported Q4 2025 earnings of 36 cents per share, significantly exceeding the Zacks Consensus Estimate of a 12-cent loss [1] - Total revenues surged 179.2% year over year to $88.5 million, although this figure fell short of the Zacks Consensus Estimate by 9.24% [1] Revenue Breakdown - Compute segment, which constitutes 93% of total revenues, saw a remarkable increase of 325.9% year over year to $81.9 million, despite missing estimates by 6.93% [5] - Power revenues, accounting for 6% of total revenues, decreased by 50% year over year to $5 million, missing estimates by 20.65% [3] - Digital Infrastructure revenues, making up 2% of total revenues, fell 34.9% year over year to $1.6 million, missing estimates by 66.37% [4] Strategic Focus - The company is shifting its focus from traditional crypto mining to prioritize AI and compute infrastructure under a power-first strategy [2] - HUT signed a definitive agreement to sell its 310 MW natural gas portfolio in Ontario to TransAlta and plans to develop four new U.S. sites totaling over 1,500 MW [3] Financial Performance - General and administrative expenses rose 142.7% year over year to $45.7 million [7] - HUT reported an operating loss of $434.9 million for Q4 2025, a stark contrast to an operating income of $281.9 million in the same quarter last year [7] - The net loss for the quarter was $301.8 million, reversing from a net income of $152 million a year ago, primarily due to $401.9 million in unrealized losses on digital assets [7][10] Balance Sheet Overview - As of December 31, 2025, HUT had cash reserves of $44.9 million, up from $33.5 million as of September 30, 2025 [9] - The company held approximately $1.4 billion in cash and Bitcoin reserves, with $899.3 million attributable to HUT 8 and $472.6 million to American Bitcoin [9]

Key Takeaways VICI Properties reported Q4 AFFO of 60 cents per share, up 5.3% year over year.VICI Properties' 2025 AFFO rose to $2.38 per share as revenues climbed 4.1%.VICI Properties expects 2026 AFFO per share of $2.42-$2.45VICI Properties (VICI) reported fourth-quarter adjusted funds from operations (AFFO) per share of 60 cents, meeting the Zacks Consensus Estimate. Moreover, the figure increased 5.3% from the prior-year quarter.Results reflect a year-over-year rise in revenues, mainly driven by an incr ...

Despite Realty Income ( O ) reaching new 52-week highs lately, I believe the commercial real estate investment platform offers income investors significant value in 2026, especially if the market becomes more volatile. Realty Income has the opportunity toAnalyst’s Disclosure: I/we have a beneficial long position in the shares of O, WPC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other th ...

Key Takeaways AMT posted Q4 AFFO of $2.63 per share, beating estimates and rising from $2.32 a year ago.American Tower's revenues rose 7.5%, with property revenues up 7.6% year over year.AMT expects 2026 AFFO per share of $10.78-$10.95 and property revenues up 2% at midpoint.American Tower Corporation (AMT) reported its fourth-quarter 2025 adjusted funds from operations (AFFO), attributable to AMT common stockholders, per share of $2.63, beating the Zacks Consensus Estimate of $2.54. This compared favorably ...

Core Insights - American Tower Corporation (AMT) is expected to report fourth-quarter 2025 results on February 24, with anticipated year-over-year growth in revenues and adjusted funds from operations (AFFO) per share [1][10] Financial Performance - In the last reported quarter, AMT achieved an AFFO per share of $2.78, surpassing consensus estimates, with revenue growth driven by its property and service operations segment [2] - The Zacks Consensus Estimate for quarterly revenues is projected at $2.68 billion, reflecting a 5.1% increase from the previous year [6][10] - The Total Property segment's operating revenues are estimated at $2.61 billion, indicating a 5.1% rise year-over-year, while the Data Centers segment is expected to generate $271.6 million, up from $236 million a year ago [5][10] Market Trends and Drivers - The growth in mobile technology, particularly 4G and 5G, along with the rise of bandwidth-intensive applications, is driving an increase in mobile data usage globally [3] - Wireless service providers are enhancing network coverage and capacity, positively impacting AMT's quarterly performance and contributing to top-line growth [4] - AMT is likely to continue its macro-tower investments to expand its global footprint, supported by a strong balance sheet [4] Analyst Sentiment - Despite the positive revenue projections, analysts have shown caution, with the consensus estimate for quarterly AFFO per share remaining unchanged at $2.54, which represents a 9.5% increase from the previous year [6] - AMT currently holds an Earnings ESP of 0.00% and a Zacks Rank of 4 (Sell), indicating a lack of confidence in a potential AFFO surprise this quarter [7][8]

Key Takeaways VICI is set to post Q4 revenue growth of 4.08% and a 5.26% rise in AFFO per share.VICI's triple-net leases with CPI-linked escalations support stable, inflation-backed cash flows.VICI's income from sales-type leases and lease financing receivables is projected to rise year over year.VICI Properties Inc. (VICI) is slated to report fourth-quarter 2025 earnings results on Feb. 25, after the closing bell. Its quarterly results are expected to exhibit growth in revenues and adjusted funds from oper ...

W. P. Carey Inc. (NYSE:WPC) is included among the 14 Best Real Estate Stocks to Buy According to Hedge Funds. BofA Raises W. P. Carey (WPC) Price Target as Net Lease Investment Activity Remains Strong On February 17, BofA raised its price recommendation on W. P. Carey Inc. (NYSE:WPC) to $72 from $63. It reiterated an Underperform rating on the stock. The analyst said the firm had updated its price targets across the triple-net REIT sector following fourth-quarter results. The firm noted that acquisition ...

Core Insights - Extra Space Storage Inc. (EXR) reported fourth-quarter 2025 core funds from operations (FFO) per share of $2.08, exceeding the Zacks Consensus Estimate of $2.03, marking a 2.05% increase from the prior-year quarter [1] - Quarterly revenues reached $857.5 million, surpassing the Zacks Consensus Estimate of $851 million, with a year-over-year increase of 4.3% [2] Financial Performance - For the full year 2025, core FFO per share was $8.21, up 1.1% from the previous year, and also exceeded the Zacks Consensus Estimate of $8.16 [2] - Same-store revenues increased by 0.4% year over year to $664.2 million, while same-store operating expenses rose by 1.1% to $188.3 million, resulting in a same-store NOI increase of 0.1% to $475.9 million [3] - The same-store square-foot occupancy decreased by 70 basis points year over year to 92.6% as of December 31, 2025 [3] Portfolio Activity - During the fourth quarter, EXR acquired 27 operating stores for approximately $304.8 million and partnered in acquiring seven additional stores for about $106.9 million, with EXR's investment being $10.7 million [4] - The company added 78 stores (net 45) to its third-party management platform, managing a total of 2,263 stores as of December 31, 2025 [4] Balance Sheet Position - EXR ended the fourth quarter with $138.9 million in cash and cash equivalents, a slight increase from $138.2 million as of September 30, 2025 [5] - The percentage of fixed-rate debt to total debt was 82.1%, with a combined weighted average interest rate of 4.3% and a weighted average maturity of around 4.5 years [5] Shareholder Actions - In the fourth quarter, EXR did not issue any shares under its at-the-market program and had $800 million available for issuance as of December 31, 2025 [6] - The company repurchased 1.09 million shares for a total of $140.9 million, with an additional $350.5 million authorized for future buybacks [6] 2026 Guidance - EXR provided its initial outlook for 2026, projecting core FFO per share between $8.05 and $8.35, with the Zacks Consensus Estimate at $8.25 [8][9] - The guidance is based on expectations of negative 0.5% to 1.50% growth in same-store revenues and a 2-3.50% increase in same-store expenses, with same-store NOI projected to grow within negative 2.25% to 1.25% [9]