Core Insights - Applied Digital has experienced significant stock performance, with shares increasing approximately 250% over the past year, driven by strong revenue growth and advanced discussions with hyperscalers for data center capacity [1][2][8] Company Overview - Applied Digital operates as a specialized real estate company focused on AI infrastructure, recently announcing a spin-off of its cloud computing business to merge with EKSO Bionics, forming a new entity called ChronoScale [3] - The company builds and operates data centers specifically designed for AI workloads, leveraging its historical experience in Bitcoin mining to secure access to low-cost power [4] Financial Performance - In fiscal Q2, Applied Digital reported a revenue increase of 250% to $126.6 million, with the high-performance computing (HPC) segment contributing $85 million, primarily from tenant fit-out services [5] - The data center hosting business saw a 15% revenue growth to $41.6 million, with an operating income of $16 million [6] - Adjusted net income was reported at $0.1 million, with adjusted EBITDA rising to $20.2 million from $6.1 million year-over-year [7] Growth Prospects - The company is in advanced discussions for 900 megawatts of power across multiple sites, which is expected to drive future growth [8] - Current HPC capacity is at 100 megawatts, with plans to expand to 400 megawatts for CoreWeave by the end of 2027, and an additional 200 megawatts commitment from another customer [9] - Financing is in place for these projects, which are anticipated to yield significant growth if returns and operating leverage are demonstrated [10]

Core Viewpoint - American Homes 4 Rent (NYSE:AMH) is a significant player in the residential real estate investment trust (REIT) sector, focusing on single-family rental homes across the United States, catering to families seeking flexible living options [1] Group 1: Stock Performance and Ratings - On January 9, 2026, BMO Capital downgraded AMH to a "Market Perform" rating, with the stock priced at $31.63, indicating a neutral outlook [2] - Despite the downgrade, AMH's stock price has seen a slight increase of 2%, or $0.62, reflecting some investor confidence [2][5] - AMH's stock has shown volatility, with a daily range between $30.40 and $32.04, and over the past year, it has fluctuated from a low of $28.85 to a high of $39.49 [3] Group 2: Market Capitalization and Trading Volume - AMH's market capitalization stands at approximately $11.72 billion, with a trading volume of 7,084,921 shares on the NYSE, reflecting its significant presence in the residential REIT sector [4][5] - AMH's Zacks Rank of 3 (Hold) suggests a stable but less optimistic earnings outlook compared to competitors like Safehold, which holds a Zacks Rank of 2 (Buy) [3][4]

Core Viewpoint - City Office REIT, Inc. has announced the tax treatment of its 2025 distributions to shareholders, providing essential information for tax reporting related to dividend distributions of taxable income [1]. Distribution Details - For common stock, the total distribution per share is $0.100 for each of the payment dates: January 23, April 24, and July 24, 2025 [3]. - For preferred stock, the total distribution per share is $0.414063 for each of the payment dates: January 23, April 24, July 24, and October 24, 2025 [4]. Company Overview - City Office REIT is an internally-managed real estate company focused on acquiring, owning, and operating office properties primarily in Sun Belt markets, currently owning or controlling 4.2 million square feet of office properties [5].

Primaris is Canada's only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 15.2 million square feet, valued at approximately $5.2 billion at Primaris' share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportuniti ...

Core Viewpoint - Mid-America Apartments (MAA) is a significant player in the REIT sector, focusing on apartment communities in the Sunbelt region, currently trading at $139.13 with a Neutral rating from Cantor Fitzgerald, advising investors to hold their positions [1][5] Group 1: Analyst Ratings and Expectations - Despite the Neutral rating, MAA is considered a "Strong Buy" by other analysts, with expectations for substantial growth by 2026 due to easing supply challenges in the Sunbelt region [2][5] - Cantor Fitzgerald raised MAA's price target to $137 from $130, indicating a positive outlook for the stock [3][5] Group 2: Stock Performance and Market Metrics - MAA's stock has shown a slight increase of 0.16% today, trading within a range of $137.55 to $139.99, with a yearly fluctuation between a high of $173.38 and a low of $125.75 [3][4] - The stock is currently yielding approximately 4.4%, the highest in a decade, reflecting a robust business model and potential for 8% annual returns without expansion in multiples [2][5] - MAA's market capitalization is approximately $16.29 billion, with a trading volume of 658,794 shares on the NYSE [4]

Core Insights - Dream Industrial REIT focuses on owning and operating industrial properties in North America and Europe, aiming to provide stable and growing cash distributions to unitholders [1] - Scotiabank upgraded the rating for Dream Industrial REIT to "Outperform," indicating a positive outlook for the stock [2][5] Financial Performance - The stock price of Dream Industrial REIT was approximately $9.16 at the time of the rating upgrade, reflecting a 3.04% increase from previous levels [2] - The stock has shown resilience with a daily trading range between $9.00 and $9.24, the latter being its highest price over the past year [2] - The market capitalization of Dream Industrial REIT is approximately $2.62 billion, indicating a substantial presence in the industrial REIT sector [4] Distribution Information - The company announced a monthly distribution of 5.83 cents per unit, annualized to 70 cents, payable on January 15, 2026 [3][5] - The Trust has decided to suspend its Distribution Reinvestment and Unit Purchase Plan (DRIP) starting with the December distribution [3][5]

Core Insights - SmartStop Self Storage REIT, Inc. celebrates its 15th anniversary of operations in Canada, marking a significant milestone in its commitment to providing secure and customer-focused storage solutions [1][2] Company Overview - SmartStop is an internally managed real estate investment trust (REIT) that specializes in self-storage facilities in the United States and Canada [1] - The company has expanded its Canadian footprint since entering the market in 2010, becoming the largest self-storage operator in the Greater Toronto Area (GTA) and the fourth largest in Canada [2] Operational Expansion - SmartStop operates 49 properties across Ontario, British Columbia, Alberta, and Quebec, with the recent opening of its first location in Montréal [3] - The company has modernized its facilities, improved digital tools, and expanded security systems to adapt to changing storage needs [4] Leadership Statements - H. Michael Schwartz, Chairman and CEO, emphasized the trust from partners and the dedication of teams as key factors in reaching this milestone, reaffirming the company's commitment to enhancing storage experiences [4] - Bliss Edwards, Executive Vice President – Canada, highlighted the focus on expanding presence and strengthening the portfolio as central to the company's future in Canada [5] Portfolio and Scale - As of December 17, 2025, SmartStop has a portfolio of over 460 operating properties across 34 states, Washington D.C., and Canada, comprising more than 270,000 units and 35 million rentable square feet [5] - In Canada, SmartStop and its affiliates own or manage 49 operating self-storage properties, totaling approximately 42,200 units and 4.3 million rentable square feet [5]

Core Points - CubeSmart announced a quarterly dividend of $0.53 per common share for the period ending December 31, 2025, payable on January 16, 2026, to shareholders of record on January 2, 2026 [1] - The company has achieved its 16th consecutive annual increase in dividends, highlighting its commitment to returning value to shareholders [1] - CubeSmart is recognized as one of the top three owners and operators of self-storage properties in the U.S., managing 1,527 self-storage properties nationwide [1] Company Overview - CubeSmart is a self-administered and self-managed real estate investment trust (REIT) focused on self-storage properties [1] - The company's mission is to address organizational and logistical challenges faced by customers through innovative solutions and exceptional service [2] - CubeSmart's self-storage facilities are designed to be affordable, easily accessible, and often climate-controlled, catering to both residential and commercial customers [2]

TORONTO--(BUSINESS WIRE)--Primaris Real Estate Investment Trust ("Primaris†or the "Trust†) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07333 per unit for the month of December 2025, representing $0.88 per unit on an annualized basis. The distribution will be payable on January 15, 2026 to unitholders of record on December 31, 2025. Primaris is Canada's only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres lo ...

Core Viewpoint - Realty Income Corporation has announced an $800 million perpetual preferred equity investment in the real estate of CityCenter, which includes the ARIA Resort & Casino and Vdara Hotel & Spa, owned by Blackstone Real Estate, while increasing its 2025 investment volume guidance to over $6.0 billion [1][2]. Investment Details - The perpetual preferred equity investment is expected to yield an initial unlevered rate of return of 7.4%, with annual capped escalators starting on the fifth anniversary of the closing [3]. - An early redemption premium of 3% applies if redeemed within the first year, and 2% if redeemed between the first and fourth anniversaries [3]. - Realty Income will receive a make-whole payment if it does not achieve an 8.325% unlevered IRR upon redemption [3]. Strategic Partnership - This investment marks the second collaboration between Realty Income and Blackstone Real Estate, following the successful Bellagio Las Vegas joint venture completed in 2023 [1]. - Realty Income's President and CEO highlighted the strategic relationship with Blackstone and the immediate accretive nature of this investment [4]. Property Overview - The ARIA Resort & Casino and Vdara Hotel & Spa feature approximately 5,500 rooms and 500,000 square feet of convention space, operated by MGM Resorts International [5]. - The property is under a triple net lease with annual rent escalators and approximately 26 years remaining on the initial term, plus three 10-year extension options [4]. Financial Position - Realty Income had approximately $417 million in outstanding cash and $1.3 billion in unsettled forward equity as of the end of the third quarter [4]. - The transaction is expected to close on December 9, 2025, subject to customary closing conditions [5].