FIRST QUARTER 2025 SUPPLEMENTAL DATA MARCH 31, 2025 ABOUT PARK AND SAFE HARBOR DISCLOSURE About Park Hotels & Resorts Inc. Park (NYSE: PK) is one of the largest publicly-traded lodging real estate investment trusts ("REIT") with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 40 premium-branded hotels and resorts with approximately 25,000 rooms primarily located in prime city center and resort locations ...

Company Highlights - UMH owns and operates 141 manufactured home communities with approximately 26,500 developed homesites across 11 states[8] - The company's rental portfolio is expanding, with approximately 10,400 units, an increase of 417 homes from March 2024 to March 2025, and anticipates adding 800 more homes this year[8] - UMH has approximately 3,400 existing vacant lots to fill and over 2,400 vacant acres to build approximately 9,600 future lots[8] - Sales & Finance division sold 370 homes over the past 12 months, generating approximately $91.6 million[9] Financial Performance (Q1 2025) - Rental and related income increased by 8%[15] - Community Net Operating Income (NOI) increased by 8%[15] - Normalized Funds from Operations (FFO) increased by 25%, and Normalized FFO per diluted share increased by 5%[15] - Same Property Community NOI increased by 8%[15] - Same Property Occupancy increased by 70 basis points, from 87.2% to 87.9%[15] Portfolio Statistics - Portfolio occupancy stands at 87.9%[18] - Average monthly site rent is $554[18] - Home rentals account for 39.9% of sites, with a home rental occupancy of 94.6%[18] - Gross asset value is $2.0 billion, and gross real estate book value is $1.7 billion[18] - Total market capitalization is $2.5 billion[18] Growth and Acquisitions - The company acquired two 100% fully occupied, age-restricted communities in New Jersey for approximately $24.6 million[15] - UMH has approximately 3,800 acres in existing communities exposed to the Marcellus and Utica Shale Regions[28] - The company has 2,375 vacant acres available for future development[59] Sales & Finance Division - Sales amounted to $6.7 million for the first quarter of 2025, with a sales price per unit of approximately $94,000[67] - The loan portfolio is $91.6 million with a weighted average interest rate of approximately 7.2%, generating approximately $12.9 million in principal and interest payments annually[67] Financial Highlights (Past 5 Years) - Total Revenue increased by 59%[79] - Community NOI increased by 79%[79] - Normalized FFO increased by 176%, and Normalized FFO per share increased by 49%[79] - Annual Dividend per share increased by 18%[79] Balance Sheet - Total Debt, Net of Unamortized Debt Issuance Costs is $606.301 million as of March 31, 2025[97] - Fixed rate debt accounts for 99.0% of total debt, while floating rate debt accounts for 1.0%[97]

Portfolio Repositioning - Pebblebrook has strategically shifted its portfolio towards leisure-oriented and group-focused properties, reducing exposure to urban and corporate transient markets since 2019[15] - Resort EBITDA contribution increased from 17% to 45%, while Urban EBITDA contribution decreased from 83% to 55%[19] - East Coast properties now contribute 54% of EBITDA, up from 38%[19] - San Francisco's EBITDA contribution declined by 19%, and West Coast properties now contribute 43% of EBITDA, down from 56%[19] Financial Performance and Growth Opportunities - The company estimates a Hotel EBITDA upside of approximately $71 million, translating to $0.46 per share of Adjusted FFO (AFFO) upside[11, 23] - Urban markets recovery is expected to contribute $45+ million in Hotel EBITDA upside[23, 37] - ROI from redevelopment projects is expected to contribute $10 million in Hotel EBITDA upside[23] - LaPlaya EBITDA growth opportunity is estimated at $16 million[23, 24] Valuation and Balance Sheet - Pebblebrook's recent public market valuation reflects an approximate 65% discount to its recently calculated private market valuation of $2500 per share[11, 56] - As of March 31, 2025, the company had $2182 million in cash and $6426 million of undrawn availability on its senior unsecured revolving credit facility[69] - The company's weighted-average interest rate is 42%, and its weighted-average debt maturity is approximately 28 years[69]

NASHVILLE, Tenn., May 01, 2025 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP), a lodging real estate investment trust (“REIT”) specializing in group-oriented, destination hotel assets in urban and resort markets, today reported financial results for the three months ended March 31, 2025. First Quarter 2025 Highlights and Recent Developments: The Company reported first quarter records for consolidated revenue of $587.3 million, Hospitality segment revenue of $497.7 million and Entertainme ...

Core Viewpoint - Sachem Capital Corp. reported financial results for Q1 2025, indicating stability despite challenges in the real estate market, with a focus on managing its loan portfolio and capital allocation [2][3]. Financial Performance - Total revenue for Q1 2025 was $11.4 million, down from $16.8 million in Q1 2024, primarily due to fewer loan originations and an increase in nonperforming loans [3]. - Operating costs decreased to $10.4 million in Q1 2025 from $12.5 million in the same quarter last year, attributed to reductions in interest, amortization, and employee benefits [4]. - The net loss attributable to common shareholders was $213,000, or $0.00 per share, compared to a net income of $3.6 million, or $0.08 per share, in Q1 2024 [5]. Balance Sheet Overview - Total assets as of March 31, 2025, were $491.4 million, slightly down from $492.0 million at the end of 2024 [6]. - Total liabilities increased to $312.1 million from $310.3 million at year-end 2024 [6]. - Total shareholders' equity decreased to $179.3 million from $181.7 million at year-end 2024, with a book value per common share of $2.57 [8]. Dividend Information - The company paid a dividend of $0.484375 per share to Series A Preferred Stockholders and $0.05 per share to common shareholders in Q1 2025 [10][11]. - As a Real Estate Investment Trust (REIT), the company intends to distribute at least 90% of taxable income to shareholders [9]. Company Profile - Sachem Capital Corp. specializes in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property, primarily offering short-term loans to real estate investors [15].

Financial Performance - The company reported a GAAP net loss per share-diluted of $0.80 for 1Q25[12] - The company reported an EAD loss for 1Q25 of $0.86[12] - Book Value per Share at March 31, 2025 was $28.50, down from $28.87 in 4Q24 and up from $27.25 in 1Q24[10, 12] Loan Portfolio - The CRE loan portfolio at par value is $1.4 billion, comprising 48 loans with a weighted average LTV of 81%[12] - 89.5% of the par value of the CRE loan portfolio is current on payments[10, 12] - 77% of the CRE loan portfolio is focused on Multifamily properties[10] - Net CRE loan repayments for 1Q25 totaled $120.7 million[10, 12] Capitalization and Liquidity - Total liquidity at March 31, 2025 was $87.4 million[10, 12] - Total capacity was $2.2 billion, with $948.3 million available at March 31, 2025[12, 13] - Total Capitalization is $1.7 billion, with Stockholders' equity accounting for 26%[17] Real Estate Investments - Net investments in real estate and properties held for sale totaled $177.0 million[13, 32]

New York Mortgage Trust, Inc. 2025 First Quarter Financial Summary These and other risks, uncertainties and factors, including the risk factors and other information described in our most recent Annual Report on Form 10-K, as updated and supplemented from time to time, and our subsequent Quarterly Reports on Form 10-Q and other information that we file from time to time with the U.S. Securities and Exchange Commission ("SEC") under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), could ...

Core Insights - Host Hotels & Resorts, Inc. reported a revenue increase of 8.4% in Q1 2025 compared to Q1 2024, reaching $1,594 million, driven by higher room rates and improved leisure transient trends [3][4] - The company experienced a net income decrease of 7.7% to $251 million, influenced by increased interest expenses and a decline in net gain on insurance settlements [3][7] - Comparable hotel RevPAR grew by 7.0% to $240.18, while Total RevPAR increased by 5.8% to $408.57, reflecting strong performance in key markets [3][4][7] Operating Results - Revenues for Q1 2025 were $1,594 million, up from $1,471 million in Q1 2024, marking an 8.4% increase [3] - Comparable hotel revenues rose to $1,583 million, a 4.7% increase year-over-year [3] - Net income for Q1 2025 was $251 million, down from $272 million in Q1 2024, a decrease of 7.7% [3][7] - EBITDAre was $508 million, slightly up by 0.8% from $504 million in the previous year [3][7] - Adjusted EBITDAre increased by 5.1% to $514 million compared to $489 million in Q1 2024 [3][7] Balance Sheet - As of March 31, 2025, total assets were reported at $12.9 billion, with a debt balance of $5.1 billion [7] - The company maintains a robust liquidity position with approximately $2.2 billion available, including $1.5 billion under the revolver portion of the credit facility [7] - The weighted average interest rate on debt was 4.7%, with a maturity schedule averaging 5.0 years [7] Share Repurchases and Dividends - In Q1 2025, the company repurchased 6.3 million shares at an average price of $15.79, totaling $100 million, with $585 million remaining under the repurchase program [8] - A cash dividend of $0.20 per share was paid on April 15, 2025, to stockholders of record as of March 31, 2025 [9] Hotel Business Mix Update - The company's customer segments accounted for approximately 60% transient, 36% group, and 4% contract business in full year 2024 [10] - In Q1 2025, transient room nights decreased by 0.8%, while group room nights saw a decline of 0.6% compared to the same period in 2024 [11] Capital Expenditures - Total capital expenditures for Q1 2025 were $146 million, with forecasts for the full year ranging from $580 million to $670 million [12] - The company plans to invest in ROI projects and renewals and replacements, with a focus on property damage reconstruction [12] 2025 Outlook - The company maintains a comparable hotel RevPAR growth guidance of 0.5% to 2.5% for 2025, while Total RevPAR growth guidance has been slightly reduced to 0.7% to 2.7% [4][13] - The guidance reflects macroeconomic uncertainties and moderating trends in group lead volume [13][14] - Estimated net income for 2025 is projected between $512 million and $581 million, with Adjusted EBITDAre expected to range from $1,610 million to $1,680 million [17]

Portfolio & Leasing - The portfolio is 99.7% leased, demonstrating stability[11] - Same-store rent growth has averaged 1.4% over the last four quarters, indicating consistent performance[11] - Only 5.8% of ABR is expiring through 2029, with a strong 3.8x coverage ratio, minimizing near-term risk[11] - Top 10 tenants represent just 17.6% of ABR, showcasing diversification[11, 26] - 93% of cash ABR comes from service-oriented and experience-based tenants[30] Financials & Capital - Proforma Net Debt / Annualized Adjusted EBITDAre is 3.1x at 4Q'24-end, indicating low leverage[11] - The company has ~$1.5 billion of pro forma liquidity, providing excellent financial flexibility[11] - Weighted average debt maturity is 4.2 years, and the weighted average interest rate is 4.1%, reflecting well-laddered, low-cost debt[11, 84] - The company raised ~$309 million of common equity in 1Q'25, including ~$288 million through an overnight forward offering[11] Investment Activity - The company closed investments of ~$329 million in 2025 to date at ~7.7% cash yield[11] - ~$247 million of investments are under PSA or LOI, with a 2Q'25 expected cash yield of ~7.8%[11] - ~$24 million of dispositions closed in 2025 to date at 7.0% cash yield, with ~$26 million under PSA at 7.1% yield, demonstrating accretive capital recycling[11]

The data center operator deserves a bit more attention. Applied Digital (APLD 1.36%), a builder of big data centers, has been a major beneficiary of the artificial intelligence (AI) boom over the past few years. It originally rented out its centers to Bitcoin miners and other blockchain firms, but it pivoted toward serving the high-performance computing, AI, and machine learning markets in late 2022. Applied Digital stock went public at $5 on April 13, 2022, and its share price set an all-time high of $12.4 ...