Gil Luria is the Head of Technology Research at D.A. Davidson. Luria joins Big Technology Podcast for a special Friday edition special report digging into the AI bubble, or whatever term you'd like to use for the questionable investment decisions in AI today. We cover all the bad stuff: debt, depreciation, and losses. We talk about Michael Burry's bet against the technology and why he might be right, and how OpenAI should play this to optimize its potential. Tune in for a comprehensive edition looking at th ...

Group 1: Germany's Fiscal Strategy - Friedrich Merz, the anticipated next Chancellor of Germany, is facing criticism for using national debt for welfare programs and tax cuts instead of long-term investments [2][3] - Merz plans to loosen Germany's constitutional "debt brake" to allocate hundreds of billions of euros towards defense and infrastructure, aiming to stimulate the economy and enhance military capabilities [2][3] Group 2: Big Tech's AI Spending - Major technology companies like Meta, Alphabet, Microsoft, and Oracle are significantly increasing capital expenditures for AI infrastructure, leading to a shift towards more leveraged balance sheets [4][5] - Analysts predict that Big Tech's AI investments could reach $3 trillion by 2028, with approximately $1.5 trillion needing to be financed through debt [5] Group 3: EU Intelligence Capabilities - The European Union is establishing a new intelligence unit under President Ursula von der Leyen to improve the coordination and utilization of intelligence from national agencies [6][8] Group 4: U.S. Higher Education Enrollment - U.S. colleges and universities have reported a third consecutive year of enrollment growth, with total postsecondary enrollment exceeding pre-pandemic levels [9][10] - Freshman enrollment increased by 5.5%, adding 130,000 new students, with community colleges seeing a 7.1% growth [10] Group 5: Japan's Economic Sentiment - Japan's Eco Watchers Survey for October indicates an optimistic economic outlook, with the SA index rising to 53.1, surpassing estimates [11][12] - The current sentiment index improved to 49.1, reflecting increased spending by foreign visitors and a strong housing market [12]

A group of Wall Street banks are considering bringing in private credit firms on a portion of a $12.25 billion debt financing to support Blackstone and TPG’s acquisition of medical device-maker Hologic, according to people with knowledge of the matter https://t.co/DpYzJnxmI7 ...

Bain has lined up $3.1 billion of debt financing from private credit firms to acquire Service Logic from rival Leonard Green & Partners, according to sources https://t.co/HFZ4TMRaXo ...

Companies usually have a choice between debt financing and equity financing, with advantages and disadvantages to each. https://t.co/F7ZYTbCCyV ...

Financial Data and Key Metrics Changes - The company reported core FFO of $15.6 million for the quarter, an increase of $3 million compared to $12.6 million in the same quarter of the previous year [12] - Core FFO per share was $0.48, down from $0.50 in the comparable quarter of the prior year, reflecting a reduction in leverage [12] - Same property NOI increased by 2.3% during the quarter, driven by leasing activity across the portfolio [13] Business Line Data and Key Metrics Changes - Year-to-date leasing activity reached 482,000 square feet, with 424,000 square feet being comparable leasing, and a weighted average base rent spread of 21.7% [4] - In the third quarter, the company executed 143,000 square feet of new retail leases, renewals, and extensions at an average base rent of $23 per square foot [4] - The lease percentage of the Shops at Legacy stands at approximately 85% following recent leasing activity [6] Market Data and Key Metrics Changes - The signed-not-open (SNO) pipeline is valued at $5.5 million, representing about 5.3% of annual cash base rents as of quarter-end [5] - Approximately 76% of the SNO pipeline is expected to be recognized in 2026, with 100% in 2027 [5] Company Strategy and Development Direction - The company is focused on enhancing liquidity through recent debt term financing and is actively pursuing acquisitions that align with its leasing and operating strengths [8][10] - The company aims to achieve a positive cash leasing spread of 40% to 60% across its vacant anchor spaces [5] - The company is considering capital allocation between share buybacks and structured investments, emphasizing the attractiveness of its own stock given current trading levels [25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about leasing progress and value creation, highlighting the potential for earnings growth from the SNO pipeline [9] - The company anticipates that the signed-not-open pipeline will begin contributing to revenue in early 2026, with a total of about $4 million expected to be recognized next year [18] - Management noted that there are no significant risks regarding non-renewal of leases expiring in the fourth quarter [31] Other Important Information - The company ended the quarter with net debt to EBITDA of 6.7 times, a slight improvement from 6.9 times at the end of the previous quarter [12] - The company repurchased $9.3 million of common stock at a weighted average purchase price of $16.27 per share [11] Q&A Session Summary Question: What does the pro forma debt to EBITDA look like after the Florida acquisition? - Management indicated that the Florida asset will be temporarily financed through the line of credit, and the signed-not-open pipeline would reduce debt to EBITDA by about half a turn as it comes online [16][17] Question: What is the timing for revenue recognition from the signed-not-open pipeline? - Management expects about $4 million of the $5.5 million pipeline to be recognized in 2026, ramping up throughout the year [18] Question: Where is the most significant vacancy currently? - The largest vacancy is a 40,000 square foot space at Carolina Pavilion, with management exploring options to fill it [19] Question: What is the status of structured investments maturing in early 2026? - Management indicated that Founders Square will pay off, while Waters Creek may either extend or pay off [20][21] Question: How does the company view capital allocation between buybacks and structured investments? - Management expressed a preference for buying back shares given the current stock price and dividend yield [25] Question: What is the status of leases expiring in the fourth quarter? - Management does not foresee any risks regarding non-renewal of leases expiring in the fourth quarter [31] Question: How much of the potential new base rent from anchor box releasing is already set? - Six closed leases represent about $2.5 million of the potential new base rent, with the remaining $2 million contingent on ongoing negotiations [48]

Dubai-based Property Finder secures $250 million in debt from Ares, underlining the rising appeal of the UAE’s real estate market to global institutional funds https://t.co/TFKTaeKeJi ...

As filed with the Securities and Exchange Commission on October 17, 2025. Registration No. 333-290243 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MOMENTUS INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 3714 84-1905538 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 390 ...

XAI needs a way to finance all of the GPUs that are going to go into Colossus 2, its next big data center in Memphis, Tennessee. Here's how we've reported that they're going to do it. They've set up with investors a special purpose vehicle or SPV, basically a financing shell that buys Nvidia processors and then rents them back to XAI.Our understanding is the round's now up to around $20 billion split between $12.5% billion of debt and $7.5% billion in equity. Nvidia is putting around $2 billion into the equ ...

Banks are vying for a slice of the roughly $500 million of fees tied to JPMorgan Chase’s $20 billion debt financing backing the take-private of Electronic Arts, sources say https://t.co/eDORy7s5bl ...