Kimco Realty Corporation (KIM) is slated to report first-quarter 2025 results on May 1, before the opening bell. The company’s quarterly results are likely to display year-over-year growth in revenues and funds from operations (FFO) per share.In the last reported quarter, this Jericho, NY-based retail real estate investment trust (REIT) met the Zacks Consensus Estimate for FFO of 42 cents per share. Results reflected better-than-expected growth in revenues, though a rise in interest expenses acted as a damp ...

Invitation Homes (INVH) is slated to report first-quarter 2025 results on April 30, after market close. The company’s quarterly results are likely to display a year-over-year increase in revenues and no change in funds from operations (FFO) per share.In the last reported quarter, this residential real estate investment trust (REIT) posted a core FFO per share of 47 cents, meeting the Zacks Consensus Estimate. Results reflected higher same-store net operating income (NOI) and same-store blended rent. However ...

Calko Medical Building Brooklyn, NY Earnings Release and Supplemental Report First Quarter 2025 ___________________________________________________________________ To learn more about Healthpeak's commitment to responsible business and view our most recent Corporate Impact Report, please visit www.healthpeak.com/corporate-impact. Return to TOC 3 – Net income of $0.06 per share, Nareit FFO of $0.45 per share, FFO as Adjusted of $0.46 per share, AFFO of $0.43 per share, and Total Same-Store Portfolio Cash (Ad ...

First Quarter 2025 Investor Presentation Company Snapshot 134 Properties $610M Enterprise Value $150 TEV / SF 4.1M Total Portfolio Square Feet 8.2% Implied Cap Rate 96% Retail Net Lease Portfolio 50% of ABR From Investment Grade-Rated Tenants 6.8% Annualized Dividend Yield $262M Equity Market Capitalization Portfolio1 Value + Income 9.0 Years W.A. Lease Term2 As of March 31, 2025, unless otherwise noted. PINE stock price on March 31, 2025 was $16.72. © Alpine Income Property Trust, Inc. | alpinereit.com 2 1 ...

Core Viewpoint - Healthpeak Properties, Inc. reported first-quarter 2025 funds from operations (FFO) as adjusted per share of 46 cents, meeting expectations and showing a slight increase from 45 cents in the prior year, driven by better-than-anticipated revenues despite higher interest expenses [1][2]. Financial Performance - The company generated revenues of $702.9 million, exceeding the Zacks Consensus Estimate of $691.9 million, representing a year-over-year increase of 15.9% [2]. - Healthpeak reported a 7% year-over-year growth in total merger-combined same-store cash (adjusted) net operating income (NOI) [3]. - The outpatient medical and lab segments experienced year-over-year growth of 5% and 7.7%, respectively, while the Continuing Care Retirement Communities (CCRC) segment reported a growth of 15.9% [3]. Lease Activity - In the reported quarter, Healthpeak executed lab new and renewal leases totaling 276,000 square feet, achieving a retention rate of 88% and +5% cash-releasing spreads on renewals [4]. - For the outpatient medical portfolio, new and renewal leases totaled 973,000 square feet, with a retention rate of 86% and +4% cash-releasing spreads on renewals [4]. Balance Sheet - As of March 31, 2025, Healthpeak had cash and cash equivalents of $70.6 million, down from $119.8 million at the end of 2024, with a net debt to adjusted EBITDAre ratio of 5.2X [5]. - The company repurchased 5.1 million shares at a weighted average price of $18.50, totaling $94 million, from the beginning of the year through April 24 [5]. 2025 Outlook - Healthpeak reaffirmed its guidance for 2025, expecting FFO as adjusted per share to be between $1.81 and $1.87, with the Zacks Consensus Estimate at $1.85 [6]. - The company anticipates total merger-combined same-store cash (adjusted) NOI growth in the range of 3-4% for the year [6].

Core Viewpoint - Camden Property Trust (CPT) is expected to report a year-over-year increase in revenues and funds from operations (FFO) per share for the first quarter of 2025, with results anticipated on May 1, after market close [1] U.S. Apartment Market Overview - The first quarter of 2025 saw strong apartment demand, with over 138,000 market-rate apartment units absorbed nationally, marking the highest first-quarter demand on record in over three decades [4] - Annual absorption reached nearly 708,000 units, matching the demand boom from early 2022 [4] - Demand exceeded supply, with nearly 577,000 units delivered, indicating a potential peak in the construction cycle [5] - Occupancy rose to 95.2% in March, the highest since October 2022, and effective rents increased by 0.75% in March and 1.1% year-over-year, the highest since June 2023 [6] - Rent growth was broad-based across the nation's 50 largest apartment markets, with an average effective rent of $1,848 [6] Regional Performance - The Midwest and Rust Belt regions led annual rent gains, while high-supply Sun Belt metros like Austin and Phoenix experienced rent cuts but showed monthly rent growth in March [7] Factors Influencing Camden Property's Performance - Camden's performance is likely benefiting from healthy renter demand in high-growth markets, contributing to occupancy and blended lease rate growth [8] - The company operates in markets with growing employment in high-wage sectors and in-migration trends, making renting a viable option due to high homeownership costs [9] - Camden's diversification in urban and suburban markets is expected to drive stable revenues [9] - The company is leveraging technology and organizational capabilities to enhance operational efficiency and reduce costs, aiding net operating income (NOI) growth [10] Financial Projections - The Zacks Consensus Estimate for CPT's revenues for Q1 2025 is $388.5 million, reflecting a growth of 1.4% year-over-year [12] - Camden expects core FFO per share in the range of $1.66-$1.70, with the Zacks Consensus Estimate remaining unchanged at $1.68, indicating a 0.6% year-over-year improvement [13] Earnings Prediction - A positive Earnings ESP of +0.26% and a Zacks Rank of 3 suggest a potential surprise in FFO per share for CPT this quarter [14]

Alpine Income (PINE) came out with quarterly funds from operations (FFO) of $0.44 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.41 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 2.33%. A quarter ago, it was expected that this company would post FFO of $0.42 per share when it actually produced FFO of $0.44, delivering a surprise of 4.76%. Over the last four quarters, the company has ...

Financial Data and Key Metrics Changes - The company reported a same store NOI growth of 4.2% for the quarter, with total NOI from the commercial real estate portfolio at $33.2 million, representing a 4.6% increase from Q1 of the previous year [9][14] - Total FFO was $0.36 per share for Q1 2025, consisting of $0.06 from land operations and $0.30 from CRE and corporate, reflecting an 11.1% increase when normalized for previous adjustments [14][15] - The company raised its total FFO guidance to a range of $1.17 to $1.23 per share, while maintaining guidance for same store NOI growth of 2.4% to 3.2% [18] Business Line Data and Key Metrics Changes - The company executed 42 leases in its improved property portfolio, representing approximately 237,000 square feet of GLA and $5.6 million of ABR [11] - Leased occupancy was reported at 95.4%, up 80 basis points sequentially and 140 basis points year-over-year [12] - The company sold 90 acres of primarily agricultural zoned land, contributing approximately $0.06 million to land operations earnings for the quarter [10] Market Data and Key Metrics Changes - The company noted a significant lease at Kakaako Commerce Center, increasing leased occupancy to 95.6% at quarter end compared to 83.2% last quarter [10] - Economic occupancy at quarter end was 93.9%, up 100 basis points from the previous quarter and 160 basis points from the same period last year [12] Company Strategy and Development Direction - The company is focused on improving its CRE portfolio performance, internal and external growth, and streamlining its business and cost structure [9] - The recent ground lease transaction at Maui Business Park is seen as a strategic move to convert non-income producing land into long-term rental income, with plans for a self-storage facility [10][27] - The company aims to maintain a Hawaii-focused asset class diverse strategy while exploring opportunities in self-storage as a natural adjacency [10][27] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the current macroeconomic uncertainty but emphasized strong first-quarter results and the ability to manage through challenges [21] - There have been no significant concerns from tenants regarding their operations, and leasing activity remains robust despite some discussions around tariffs [29][37] - The company is taking proactive measures to mitigate potential impacts from rising construction costs due to tariffs by pre-purchasing materials [30][55] Other Important Information - The company maintains a strong balance sheet with total liquidity of over $300 million and a net debt to adjusted EBITDA ratio of 3.6 times [16] - The first quarter dividend of $0.025 per share was paid on April 7, with a second quarter dividend declared [17] Q&A Session Summary Question: Can you provide details on the self-storage transaction and the equity investment opportunity? - The self-storage transaction involved a 75-year ground lease, converting non-income producing land into long-term rental income, with an immediate financial benefit of about a penny of FFO for 2025 [24][26] Question: What are the current concerns from tenants regarding macroeconomic conditions? - Management reported no real-time concerns from tenants, with positive metrics in tenant interest and sales [29][30] Question: How does the company view its guidance in light of strong Q1 performance? - The company maintained guidance for certain metrics due to macroeconomic uncertainties, despite a strong first quarter performance [39][41] Question: Are there any anticipated fluctuations in occupancy or FFO due to move-outs? - Management indicated no known issues that would impact occupancy or FFO significantly for the remainder of the year [59] Question: Is there potential for additional growth opportunities beyond the Maui Business Park deal? - The company is actively looking for additional growth opportunities and remains optimistic about placing capital later in the year [70]

- Closed Investments of $79.2 million at a weighted average initial cash yield of 9.0% -- Increased Dividend Q1 2025 -- First Quarter Net Loss of $(0.08) per diluted share and FFO and AFFO of $0.44 per diluted share - WINTER PARK, Fla., April 24, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”), an owner and operator of single tenant net leased commercial income properties, today announced its operating results and earnings for the quarter ended March 31, 20 ...

Company Overview - UDR Inc. is a premier multifamily real estate investment trust (REIT) based in Denver, CO, set to announce its first-quarter 2025 results on April 30, with expectations of revenue growth but unchanged funds from operations (FFO) per share [1][12]. Recent Performance - In the last reported quarter, UDR achieved an FFO as adjusted per share of 63 cents, aligning with the Zacks Consensus Estimate, reflecting year-over-year growth in same-store revenues despite increased property operating and maintenance costs [2][3]. - Over the past four quarters, UDR's FFO as adjusted per share met or surpassed estimates, with an average surprise of 0.41% [3]. Market Conditions - The first quarter of 2025 saw strong apartment demand, with over 138,000 market-rate apartment units absorbed nationally, marking the highest first-quarter demand on record [4]. - Demand exceeded supply, with nearly 577,000 units delivered, indicating a potential peak in the construction cycle [5]. - Occupancy rates rose to 95.2% in March, the highest since October 2022, and effective rents increased by 0.75% in March and 1.1% year-over-year, with an average effective rent of $1,848 [6]. Regional Performance - The recovery in the rental market is uneven, with the Midwest and Rust Belt regions showing strong rent gains, while high-supply Sun Belt metros like Austin and Phoenix faced rent cuts but showed monthly growth in March [7]. Strategic Focus - UDR maintains a geographically diversified portfolio of A/B quality properties and is focused on enhancing technology and operational efficiency through its Next Generation Operating Platform [8]. - A solid balance sheet supports UDR's ability to pursue growth opportunities, although elevated rental unit supply in certain markets has increased competition and affected rent growth [9]. Projections and Estimates - UDR's first-quarter 2025 revenue is estimated at $421.73 million, reflecting a 2.44% year-over-year increase, with same-store physical occupancy projected at 97.0% [11]. - The company expects FFO as adjusted per share in the range of 60-62 cents, with the Zacks Consensus Estimate remaining at 61 cents, indicating no change year-over-year [12]. Earnings Prediction - UDR currently has a Zacks Rank of 3 and an Earnings ESP of -0.05%, suggesting no clear prediction of a surprise in FFO per share for the upcoming quarter [13].