Core Viewpoint - Brookfield Asset Management's recent stock dip presents a potential buying opportunity, with a higher dividend yield and lower valuation, while the company is on track for significant earnings and dividend growth in the coming years [1][9]. Financial Performance - Brookfield generated nearly $2.5 billion in fee-related earnings last year, marking a more than 10% increase from 2023 [2]. - The company raised $135 billion from investors last year, including a record $29 billion in Q4, leading to an 18% increase in fee-bearing capital in Q4 and a 17% rise in fee-related earnings during that period [2]. Growth Prospects - The company ended last year with $539 billion of fee-bearing capital and aims to increase its fee-bearing assets under management (AUM) to around $1.1 trillion by 2029 [5]. - Brookfield expects its fee-related earnings to rise at a 17% compound annual rate through the end of the decade, potentially doubling to $5 billion [6]. - Distributable earnings (DE) are projected to grow at an 18% compound annual rate, increasing from almost $2.4 billion last year to $5.1 billion in 2029 [6]. Dividend Policy - Brookfield has increased its dividend by 15%, resulting in a dividend yield of nearly 3.5% at the current share price, which is more than double the S&P 500's yield [4]. - The company plans to pay 95% of its distributable earnings to investors in dividends, positioning it for a 15% annual dividend growth rate over the next several years [6][7]. Valuation and Investment Opportunity - The stock trades at about 35 times its 2024 DE but is expected to grow into its valuation, trading at about 18 times its 2029 DE [8]. - The recent stock price dip below $55 enhances the investment appeal, offering a strong total return potential as the company grows its earnings and dividends at an expected annual rate of 15%+ [9].

Financial Data and Key Metrics Changes - The company achieved AFFO of $0.44 per diluted share for Q1 2025, representing a growth of approximately 5% compared to the same quarter last year [5] - Total revenue for the quarter was $14,200,000, including lease income of $11,800,000 and interest income from commercial loans of $2,300,000 [11] - FFO and AFFO for the quarter were both $0.44 per diluted share, reflecting growth of 7.3% and 8% respectively compared to the prior year [11] - The company increased its common dividend to a new quarterly rate of $0.0285, continuing its practice of annual dividend increases since its IPO [5][11] Business Line Data and Key Metrics Changes - The company acquired three properties for $39,700,000 at a weighted average initial cap rate of 8.6% [6] - Total investment activity for the quarter, including property acquisitions and structured finance investments, totaled $79,200,000 at a weighted average initial yield of 9% [6] - The average WALT (Weighted Average Lease Term) for acquisitions was 14.3 years, while sold properties had a WALT of 4.7 years, resulting in a portfolio WALT increase to 9 years from 6.9 years year-over-year [9] Market Data and Key Metrics Changes - The company noted that its tenant mix and sector diversification position it well amid recent tariff volatility and uncertainty [9] - The company has $65,000,000 of liquidity at quarter-end, consisting of approximately $8,000,000 in cash and $57,000,000 available under its revolving credit facility [12] Company Strategy and Development Direction - The company is focused on a strategic approach to investing, which includes acquiring high credit tenants for stable cash flows and lesser credits for growth and diversification [8] - The company plans to continue opportunistic share repurchases as its shares trade at attractive relative valuations [9] - The company is increasing its FFO and AFFO guidance for the full year of 2025 to a range of $1.74 to $1.77 per diluted share, driven by successful investment activity [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position despite tariff volatility, noting a strong pipeline of opportunities across the tenant landscape [10] - The company is actively monitoring the evolving economic environment but sees no significant disruption in tenant activity [30] - Management indicated that the company expects to sell vacant properties this year, which will help pay down leverage and reinvest [66] Other Important Information - The company has no debt maturing until 2026, and its debt maturities are well staggered thereafter [12] - The company has been actively repurchasing shares, with approximately 274,000 common shares repurchased for $4,500,000 at an average price of $16.33 per share [11] Q&A Session Summary Question: Factors driving the increase in AFFO guidance - Management identified three main factors: stock buybacks, a swap that reduced interest rates, and investment activity [18][19] Question: Clarification on investment guidance - Management explained that the increase in investment guidance reflects loans and funding, with a total of approximately $60,000,000 funded in the quarter [20] Question: Future capital allocation priorities - Management indicated a balanced approach between buybacks, acquisitions, and investments, with a focus on maintaining liquidity [24][25] Question: Impact of tariffs on deal processes - Management noted no significant disruption from tariff issues, with strong tenant activity and restaurant performance [30] Question: Details on impairment charges - Management clarified that the impairment charge was related to properties anticipated to be sold in the short term [58] Question: Timing of funding unfunded commitments - Management indicated that funding should remain consistent in the first half of the year, with some larger loans maturing in the third quarter [60] Question: Leverage trends and expectations - Management expects leverage to decrease by year-end due to loan payoffs and property sales [66] Question: Tenant watch list in structured investments - Management confirmed that there are no tenant issues in the structured investment program, which focuses on high-quality credits [66]

Company Overview - SB Financial Group, Inc. (SBFG) is based in Defiance and operates in the Finance sector, with a year-to-date share price change of -6.03% [3] - The company currently pays a dividend of $0.14 per share, resulting in a dividend yield of 2.95%, which is slightly below the Banks - Northeast industry's yield of 3.08% and above the S&P 500's yield of 1.67% [3] Dividend Performance - The current annualized dividend of SBFG is $0.58, reflecting a 3.6% increase from the previous year [4] - Over the past five years, SBFG has increased its dividend five times, achieving an average annual increase of 9.97% [4] - The company's payout ratio stands at 34%, indicating that it distributes 34% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year, SBFG anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 projected at $2 per share, representing a year-over-year growth rate of 16.96% [5] Investment Considerations - SBFG is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7] - Income investors are advised to be cautious as high-yielding stocks may face challenges during periods of rising interest rates [7]

Philip Morris International Inc. PM will release its first-quarter financial results before the opening bell on Wednesday, April 23. Analysts expect the company to report quarterly earnings at $1.61 per share, up from $1.50 per share in the year-ago period. According to data from Benzinga Pro, Philip Morris International projects quarterly revenue of $9.14 billion, compared to $8.79 billion a year earlier. On April 16, Citigroup analyst Simon Hales maintained Philip Morris Intl with a Buy rating and raised ...

Group 1: Company Overview - Central Pacific Financial (CPF) is based in Honolulu and operates in the Finance sector, with shares experiencing a price change of -13.56% this year [3] - The company currently pays a dividend of $0.27 per share, resulting in a dividend yield of 4.3%, which is higher than the Banks - West industry's yield of 3.46% and the S&P 500's yield of 1.69% [3] Group 2: Dividend Analysis - CPF's annualized dividend of $1.08 has increased by 3.8% from the previous year, with an average annual increase of 3.19% over the last 5 years [4] - The current payout ratio for CPF is 44%, indicating that the company pays out 44% of its trailing 12-month earnings per share as dividends [4] Group 3: Earnings Growth - The Zacks Consensus Estimate for CPF's earnings in 2025 is $2.75 per share, reflecting an expected increase of 17.52% from the previous year [5] Group 4: Investment Considerations - CPF is considered a compelling investment opportunity due to its strong dividend profile, despite the challenges faced by high-yielding stocks during periods of rising interest rates [7]

REIT Performance March was a tough month for REITs with a disappointing -4.92% total return. The REIT sector fell short of the Dow Jones Industrial Average (-4.1%), but saw smaller average losses than the S&P 500 (-5.6%) and NASDAQ (-8.1%). The market cap weighted Vanguard Real Estate ETF (VNQ) outperformed the average REIT in March (-2.58% vs. -4.92%) and has dramatically outperformed year-to-date (+2.69% vs. -3.36%). The spread between the 2025 FFO multiples of large cap REITs (18.1x) and small cap REITs ...

Group 1 - Chicago Atlantic Real Estate Finance declared a base quarterly cash dividend of $0.47 per share, unchanged from the previous distribution, resulting in an annualized dividend of $1.88 per share, which equates to a 13.52% dividend yield [1] - The mortgage REIT has maintained this base quarterly dividend, indicating stability in its dividend policy [1] Group 2 - Pacifica Yield focuses on long-term wealth creation by targeting undervalued yet high-growth companies, high-dividend stocks, REITs, and firms in the green energy sector [1]

Group 1 - AT&T is recognized as one of the leading telecom and broadband providers in the US [1] - The article discusses senior securities issued by AT&T, indicating a focus on investment opportunities within the company [1] Group 2 - The investment group European Small Cap Ideas offers exclusive access to actionable research on appealing Europe-focused investment opportunities [1] - The focus of the investment group is on high-quality ideas in the small-cap space, emphasizing capital gains and dividend income for continuous cash flow [1] - Features of the investment group include two model portfolios, weekly updates, educational content, and an active chat room for discussions [1]

Company Overview - First Busey (BUSE) is based in Champaign and operates in the Finance sector, with a year-to-date share price change of -15.15% [3] - The company currently pays a dividend of $0.25 per share, resulting in a dividend yield of 5%, which is significantly higher than the Banks - Midwest industry's yield of 3.6% and the S&P 500's yield of 1.68% [3] Dividend Analysis - First Busey's current annualized dividend of $1 represents a 4.2% increase from the previous year [4] - Over the past five years, the company has increased its dividend three times, averaging an annual increase of 2.21% [4] - The company's payout ratio stands at 46%, indicating that it distributes 46% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - The Zacks Consensus Estimate for First Busey's earnings in 2025 is projected at $2.54 per share, reflecting a year-over-year earnings growth rate of 22.12% [5] Investment Considerations - First Busey is positioned as a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7]

Valuation and Stock Performance - Newmont Corporation (NEM) is currently trading at a forward price/earnings ratio of 14.75X, which is approximately 12.1% lower than the Zacks Mining – Gold industry's average of 16.78X, indicating an attractive valuation [1] - NEM's stock has gained 45.1% over the past year, underperforming the industry average increase of 52.4% but outperforming the S&P 500's rise of 8.1% [15] Technical Indicators - Technical indicators show bullish momentum for NEM, as it has surpassed its 50-day simple moving average (SMA) and is trading above its 200-day SMA, suggesting a positive trend [2][4] Growth Projects and Acquisitions - Newmont is actively investing in growth projects such as the Tanami Expansion 2 in Australia and the Ahafo North expansion in Ghana, which are expected to enhance production capacity and extend mine life [6] - The acquisition of Newcrest Mining Limited has resulted in a robust portfolio with a multi-decade production profile, generating $500 million in annual run-rate synergies [8] Divestitures and Financial Health - Newmont has divested several non-core assets, generating total after-tax cash proceeds of approximately $2.55 billion from recent sales, contributing to a total expected gross proceeds of $4.3 billion from all disclosed divestitures [9] - The company reported a strong liquidity position of $7.7 billion at the end of 2024, with operating cash flow from continuing operations reaching $6.3 billion, a significant increase from $2.8 billion in 2023 [10] Gold Price Trends - Gold prices have increased by approximately 27% over the past year, driven by strong demand from central banks and geopolitical tensions, which is expected to positively impact Newmont's profitability [11][12] Earnings Estimates - Newmont's earnings estimates for 2025 have been revised upward, with the Zacks Consensus Estimate for 2025 earnings currently at $3.83, reflecting an expected year-over-year growth of 10.1% [14] Dividend and Shareholder Returns - NEM offers a dividend yield of 1.8% with a payout ratio of 29%, indicating a sustainable dividend backed by strong cash flows [13]