Financial Results - The Company aims to generate returns for shareholders through investments in income-generating real estate in the Baltic Sea Region, including Lithuania, Latvia, Estonia, Finland, Sweden, Denmark, Poland, and Germany [2] - As of December 31, 2024, the Company's total assets were EUR 75.648 million, total equity was EUR 43.448 million, and total liabilities were EUR 32.200 million [5] - The Company's investment assets at fair value through profit or loss increased by EUR 4.029 million (6.21%) compared to December 31, 2023, totaling EUR 69.908 million [5] - The Company reported a total comprehensive income of EUR 3.344 million for the year 2024 [5] Key Events - In 2024, the Company acquired investment properties valued at approximately EUR 23.9 million, including commercial buildings and land plots in Lithuania and Poland [5] - The Company issued private bonds with a nominal value of EUR 9.974 million and redeemed private bonds worth EUR 26.570 million during 2024 [5] - A public bond offering prospectus for EUR 35 million was approved on August 13, 2024, and the Company issued bonds totaling EUR 23.774 million during the year [5] - The third tranche of the public bond issuance was completed on January 19, 2025, with bonds issued totaling EUR 11.226 million [5] Shareholder Meeting - The shareholders will vote on the approval of the Group's and Company's 2024 financial statements at a meeting scheduled for April 30, 2025 [4][5] - Proposed profit distribution includes allocating EUR 1.275 million as dividends and transferring EUR 167,220 to the legal reserve [6] - Additional agenda items for the shareholders' meeting include amendments to the Company's Articles of Association and the establishment of an Audit Committee [6]

Results for 1 st Quarter 2025 Updated 2025 Guidance APRIL 28, 2025 Change Presentation Title on First Master Slide Table of Contents > Page 3 UPDATED 2025 GUIDANCE > Page 5 FACTORS SUPPORTING GROWTH > Page 7 PORTFOLIO UPDATE > Page 13 CONCLUSION: STRONG RESULTS + CONTINUED GROWTH THROUGH 2026 > Page 19 RESULTS FOR 1ST QUARTER 2025 APPENDICES: 2 > Page 24 > Safe Harbor | Page 25 > Definitions + Glossary | Page 26 > Reconciliations | Page 31 RESULTS FOR 1 ST QUARTER 2025 Strong 1st Quarter 2025 Results | | 1Q ...

在那寂静的夜晚，街头的灯火已开始迷蒙，忽然间，心头泛起了一个久藏的疑问。人们总说，房子是用 来住的，但在这个社会，似乎更多是用来投机、用来投资的。那么，作为一名普通的购房者，怎样才能 在这个复杂的市场中抓住机会，选择一个合适的时机进行购房呢？ 在楼市的热潮下，房企常常面临极大的销售压力。资源有限，选择性的服务便开始显现出来。那些能全 款购房的人，往往受到更多青睐，成为房企重点照顾的对象。而公积金贷款的购房者，因手续复杂，办 理时间长，反而成了次选。此时，若你是一个有资金准备的全款购房者，便有了更多的谈判空间。然 而，若你发现有这种现象出现，切勿犹豫，立刻做出决定，买房的时机可能正悄悄到来。 三、房产中介的扩张 一、售楼小姐姐的增多 每当楼市繁荣，售楼小姐姐的身影便会随之增多。她们，作为房地产市场的前沿战士，数量的增加，常 常意味着市场需求的上升。这些热情洋溢的小姐姐们，不仅仅是销售人员，更是市场热度的温度计。如 果你走进售楼处，看到那人头攒动，售楼小姐姐一见你便热情接待，这时候你可要警觉了：市场正在回 暖，房价可能也在悄悄上涨。只是，数量的增加并非绝对的房价上涨保证，开发商有时只是为了更好地 完成销售目标而临 ...

Q1 2025 Executive Summary (unaudited in millions, except square footage and acreage) BRANDYWINE REALTY TRUST | Page 1 3151 Market Street (dedicated life science building), Schuylkill Yards, Philadelphia, PA 2025 FIRST QUARTER S U P P L E M E N T A L INFORMATION PACKAGE QUALITY • INNOVATION • INTEGRITY • COMMUNITY Table of Contents | | Page | | --- | --- | | Executive Summary | 1 | | 2025 Business Plan Trend Line | 3 | | Development Summary | 8 | | Balance Sheet and Liquidity | 13 | | Land Inventory | 14 | | ...

Core Viewpoint - Net Lease Office Properties (NLOP) has successfully repaid its J.P. Morgan mezzanine loan and sold two office properties for a total of approximately $10 million, indicating a strategic move to reduce debt and optimize its asset portfolio [1][2]. Group 1: Debt Repayment - NLOP repaid the outstanding balance on the J.P. Morgan mezzanine loan, which totaled approximately $36 million, using net proceeds from asset sales and other funding sources [2]. - The company has now fully repaid all outstanding debt associated with J.P. Morgan financing arrangements, including a senior secured mortgage repaid in December 2024 [2]. Group 2: Property Sales - In March, NLOP sold two office properties for gross proceeds of $9.8 million, located in Houston, TX, and Krakow, Poland, leased to Emerson Electric Co. and Nokia Corporation, respectively [4]. - Following these sales, NLOP's portfolio consists of 37 office properties, with 36 located in the U.S. and one in Europe [4]. Group 3: Future Distributions - NLOP is considering making special distributions to shareholders using excess proceeds from future sales or other cash sources, with any decisions to be made at the discretion of the Board of Directors [3].

定制设计、购买图纸 说来也怪，这几年的房产市场，反倒是"二手步梯房"极为火热！ 买的人多，卖的人多，让人很是不解。 按照常见的逻辑，应该是电梯房更受欢迎才对啊。 步梯房都是城市中的老小区，这里面的建造都是比较老旧的，设施也不齐全，住在这里都是比较难受的，更别说家居幸福度。但有很多的有钱人都是偷偷 的开始收购，问了中介才知，步梯房原来隐藏着这么多优点。 公摊面积主要包括电梯井、楼道间、设备室等公共区域的面积，这些区域会按照一定比例分摊到每户住户的头上。 但由于步梯房没有电梯井等公共设施，因此其公摊面积相对较小，实际得房率更高。 步梯房公摊面积通常只有10%-15%，套内使用率显著高于电梯房，比如100㎡步梯房套内可达90㎡，电梯房仅70-75㎡。 以同地段对比，步梯房单价普遍低20%-30%，总价优势明显。 一、地段好老小区基本上都在城市的中心地带或者二环附近，地段超级好，附近商贸林立极为繁华，不管是看病上学，还是出行购物，都很便利。 而且，优质地段的房子还更具保值增值潜能。 你看看这两年楼市调整，郊区的房子跌幅空间最大，但核心地段的房价抗跌能力更强。 而早些年房价上涨的时候，往往核心地段的房子也是涨幅最快的。 ...

Core Insights - Chilton Capital Management's REIT Team is led by experienced co-portfolio managers Bruce Garrison and Matt Werner, focusing on publicly traded real estate investment trusts (REITs) and related entities primarily in North America [1] - The REIT Team emphasizes the advantages of public REITs, including liquidity, transparency, and total return characteristics, which enhance diversification across various dimensions [1] - The investment strategy combines real estate industry experience with traditional security analysis methods to make informed investment decisions [1] Company Overview - Chilton Capital Management is an independently owned firm established in 1996, providing investment advisory services to a range of clients including registered investment companies, private clients, family offices, endowments, foundations, retirement plans, and trusts [1] - The REIT Team manages Separately Managed Accounts (SMAs) for high net worth individuals and institutions, and serves as a sub-advisor for the West Loop Realty Fund [1] Investment Strategy - The REIT Team's investment approach focuses on traditional methods of security analysis, including research, critical thought, and analytical depth, which are essential to their investment process [1] - The property types targeted by the REIT Team include apartments, regional malls, shopping centers, lodging, office, industrial, self-storage, data centers/cell towers, and various healthcare-related facilities [1]

Financial Data and Key Metrics Changes - Total fourth quarter platform revenue was $4.6 million, a 36.1% decrease compared to the prior period due to lower carried interest from asset sales and higher development activity in the previous year [58] - Total platform expenses in Q4 were $10.7 million, an increase of 24% compared to the prior period, primarily due to a $4 million bad debt expense [59] - For the full year 2024, total platform revenue was $21 million, a 1.9% increase compared to last year, while platform expenses totaled $33.1 million, representing a 9.4% increase from the previous year [60] Business Line Data and Key Metrics Changes - Managed capital was $492.5 million, a 12.5% increase compared to December 31, 2023, with originations of $69 million partially offset by returns of capital of $14 million [61] - The company reported a platform adjusted EBITDA loss of $2.7 million for the full year 2024, compared to a loss of $1.3 million in 2023 [61] Market Data and Key Metrics Changes - The fundraising environment remains challenging, with the fourth quarter being disappointing due to election disruptions and other factors [42] - The company noted an increase in lender activities following a slowdown, indicating a potential recovery in the financing environment [66] Company Strategy and Development Direction - The company plans to focus on three key asset classes: multifamily residential, hospitality, and multi-tenant industrial, while reducing its development footprint to 30% or less of its asset portfolio [10][19] - New financing vehicles were launched to increase access to capital and support growth [11][22] - The company aims to enhance its access to capital through wholesale fundraising and corporate financings [11][57] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about reentering the multifamily investment market as valuations have begun to drop [14] - The company is committed to achieving profitability in 2025, despite challenges in the current environment [12][63] - Management highlighted the unique opportunities in the hospitality sector due to reduced supply and returning demand [15][39] Other Important Information - The SEC issued new guidance on general solicitation, simplifying the process for qualifying investors, which is expected to benefit the company [44] - The estimated value of performance allocations as of year-end 2024 was $89 million, which is not included on the balance sheet [47][50] Q&A Session Summary Question: What drove the $4 million bad debt expense and the $8.6 million non-cash write-downs? - The bad debt expense was related to the assessment of consolidations and reevaluation of distributable cash from a fund in wind-down mode, leading to identified losses on various assets [74][76] Question: What is driving the renewed focus on the three asset classes? - The decision is driven by the need for consistent profitability and the desire to streamline operations and fundraising efforts by focusing on areas with a long-term track record [80][82] Question: What is the outlook for the fundraising environment going forward? - Management feels optimistic as investors are starting to see it as a good time to buy real estate, and the financing environment is showing signs of recovery [88][92] Question: Are there still expectations for the Satori Collective contribution to close? - Yes, the contribution agreement is in place, and modifications are being made to finalize the closing process [93][95] Question: Will operating income be positive in 2025 despite challenges? - Management is confident that operating income will be positive in 2025 due to ongoing expense reductions and revenue growth efforts [96][97]

Starwood Property Trust, Inc. (NYSE:STWD) Q4 2024 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants Zachary Tanenbaum - Head of Investor Relations Barry Sternlicht - Chairman & CEO Jeffrey DiModica - President Rina Paniry - Chief Financial Officer Conference Call Participants Steven Laws - Raymond James Richard Shane - JPMorgan Jade Rahmani - KBW Douglas Harter - UBS Donald Fandetti - Wells Fargo Securities Operator Greetings, and welcome to Starwood Property Trust, Inc.'s fourth q ...

Financial Data and Key Metrics Changes - The company announced a strategic transaction with Sixth Street, enhancing borrowing capacity and securing up to $500 million for acquisitions [6][7] - The same store portfolio has been reset to 168 buildings, representing 89% of the total in-place portfolio, with Q4 2024 occupancy at approximately 92% [20][48] - The company anticipates a 380 basis points occupancy improvement, equating to over 1 million square feet lease-up [20] Business Line Data and Key Metrics Changes - The Cincinnati acquisitions totaled approximately 762,000 square feet for $61.3 million, contributing to capital deployment efforts [10] - The company has a pipeline exceeding 11 million square feet and $1 billion in potential acquisitions, primarily in existing markets [11] Market Data and Key Metrics Changes - Market conditions remain favorable for buildings under 250,000 square feet, with over 95% of leases concentrated in this segment [9] - The rental growth rate in the company's markets is normalized between 3% and 4%, with mid-teens to low 20% growth expected on rent spreads for small to midsize spaces [32] Company Strategy and Development Direction - The focus for 2025 will be on leasing opportunities and capital deployment, with a strategic emphasis on expanding scale [7][11] - The company is positioned to execute on leasing and capital deployment strategies, leveraging the capital secured from the Sixth Street transaction [11][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating tenant challenges and leasing remaining spaces, with strong momentum anticipated for 2025 [8][9] - The company is optimistic about the leasing environment, with significant leasing activity noted towards the end of January and into February [27] Other Important Information - The company has made solid progress on capital deployment and is strategically positioned to expand its scale in existing markets [11] - Management highlighted the importance of value-add acquisitions and the capability to handle multiple projects simultaneously [78] Q&A Session Summary Question: What is the potential for acquisitions and their timing? - The company assumes $360 million of acquisitions at the midpoint, with about $70 million already banked, and expects to deploy the remainder evenly over the coming quarters [17] Question: Can you provide details on the leasing environment and remaining vacancies? - All carryover vacant space has already commenced leasing, with occupancy increasing from 92.5% to 94.3% this year, indicating strong leasing activity [26][27] Question: What are the expectations for the St. Louis lease and tenant renewals? - The tenant has expressed interest in expanding and continuing the lease, despite a reduction in square footage [38] Question: How does the company view the Sixth Street transaction and stock performance? - Management believes the transaction is transformative and is focused on deploying capital effectively, with a buyback strategy in place if stock performance does not improve [56][57] Question: What are the pricing trends in the market? - The company is experiencing negative leverage in the marketplace, with significant competition for acquisitions, indicating a challenging environment for pricing [69][74] Question: Are there any impacts from tariffs or reshoring initiatives? - There is a significant increase in demand for bulk storage requirements due to tariffs, with companies rushing to secure warehouse space [90][91]