Financial Performance - First Quarter 2025 revenue totaled $13.2 million, representing an increase of 4.8% year-over-year compared to $12.6 million in the same quarter of 2024 [1][7] - Net income attributable to common stockholders for the first quarter 2025 was $6.3 million, a decrease from $6.9 million in the first quarter of 2024 [1][7] - Funds from Operations (FFO) totaled $10.3 million, down 2.6% year-over-year from $10.6 million [7][31] - Adjusted Funds from Operations (AFFO) amounted to $10.7 million, a decrease of 2.2% from $11.0 million in the previous year [7][31] - The company declared a first quarter dividend of $0.43 per common share, which is an increase of approximately 4.9% compared to the same quarter in 2024 [7][16] Operational Highlights - The company collected approximately 98% of contractual rent during the quarter, which included applying the remaining escrow deposit and security deposit from one tenant [7] - The company reported an 84% AFFO payout ratio, indicating strong cash flow management [2] - As of March 31, 2025, cash and cash equivalents were $19.9 million, with $11.7 million committed to fund future improvements [7] Investment Activity - The company acquired a dispensary from Cresco Labs in Ohio for $285,000 on February 19, 2025 [8] - Total gross real estate assets were valued at $431.7 million, with a debt to total gross assets ratio of 1.6% [7] Balance Sheet Highlights - Total liquidity as of March 31, 2025, was $102.3 million, consisting of cash and cash equivalents and availability under the company's revolving credit facility [7] - The company had no debt maturity until May 2027, providing a stable financial outlook [7] Tenant Conditions - Two tenants defaulted on their lease agreements, impacting net income and FFO metrics [6] - Revolutionary Clinics paid approximately 50% of its contractual rent from June 2024 through March 2025, and entered receivership in December 2024 [10][11] - Calypso Enterprises utilized escrow and security deposits to cover contractual rent due for January and February 2025, resulting in full rent collection for the first quarter [12]

Core Insights - European Residential Real Estate Investment Trust (ERES) reported its financial results for the three months ended March 31, 2025, highlighting significant strategic initiatives and operational metrics [1][5][21]. Strategic Initiatives Update - ERES has sold 415 residential suites in the Netherlands for approximately €90 million and has an agreement to sell an additional 1,446 suites for about €337 million, expected to close in Q3 2025 [5][6]. - The company aims to maximize net equity returns to investors through strategic wind-up, aligning management and Board of Trustees on this objective [5][7]. Operating Metrics - The same property portfolio's Occupied Average Monthly Rent (AMR) increased by 6.2% from €1,175 in Q1 2024 to €1,248 in Q1 2025 [6][12]. - Same property occupancy for residential properties decreased to 93.6% from 99.0% year-over-year, primarily due to intentional vacancies to maximize value [6][27]. - The same property Net Operating Income (NOI) margin decreased to 75.0% from 76.4% year-over-year, driven by increased repair and maintenance costs [27][22]. Financial Performance - Total operating revenues decreased by 51.6% to €11.8 million, and NOI decreased by 53.7% to €8.8 million compared to the same period last year, largely due to strategic dispositions [20][21]. - Diluted Funds From Operations (FFO) per Unit decreased by 53.8% to €0.018, while Adjusted Funds From Operations (AFFO) per Unit decreased by 54.1% to €0.017 [32][31]. - The liquidity position remained strong at €121.3 million, down from €132.8 million at the end of the previous year [42][40]. Financial Position and Liquidity - The adjusted debt to gross book value ratio improved to 35.2% from 39.7% year-over-year, indicating a stronger balance sheet [40][42]. - Debt service coverage ratio stood at 2.7x, and interest coverage ratio was 3.2x, reflecting compliance with financial covenants [40][42]. Distributions - ERES declared monthly distributions of €0.005 per Unit for the three months ended March 31, 2025, down from €0.010 per Unit in the same period last year [45][46].

Financial Performance & Dividends - The company anticipates AFFO per share for 2025 to be in the range of $4.22 to $4.28[23] - The company has a strong dividend track record with a 4.3% compound annual growth rate (CAGR) since 1994[10, 15] - The company's annualized dividend for 2025 is $3.222[10] - The company's AFFO per share for Q1 2025 was $1.06, representing 2.9% growth compared to last year[23] Portfolio & Investments - The company's enterprise value is approximately $80 billion[6] - The company's gross real estate value is approximately $59 billion[7] - The company invested $1.4 billion in Q1 2025 at an initial weighted average cash yield of 7.5%, including $893 million in Europe at 7.0% and $479 million in the U.S at 8.3%[23] - The company expects approximately $4.0 billion in investment volume for 2025[23, 24] - The company's annualized base rent is approximately $5.05 billion[13] Diversification & Stability - The company's portfolio consists of 15,627 commercial real estate properties[6] - The company's portfolio has ~91% occupancy[9] - Approximately 34% of the company's rent comes from investment-grade clients[6]

May 2025 First Quarter 2025 Investor Presentation Ashley Park | Atlanta, GA Highlights Q1 2025 Highlights | $80mm | Investment activity | | --- | --- | | $225 | Implied property value per square foot | | ~109,400 | Square feet of comparable leasing activity | | 37% | Comparable leasing spread | | 83% | ABR from Georgia, Texas, Florida & North Carolina | | ~191,000 | Portfolio 5-mile population | | 6.6x | Net Debt to Pro Forma Adjusted EBITDA | | 2.4% | Same-Property NOI quarter-over-quarter growth | $496M $ ...

Core Insights - CTO Realty Growth, Inc. reported strong operational and financial results for Q1 2025, including the acquisition of a significant property and positive leasing activity [1][3][6] Financial Performance - Net income attributable to the company decreased to $2.261 million for Q1 2025, down 61.3% from $5.842 million in Q1 2024 [4][10] - Core Funds from Operations (FFO) attributable to common stockholders increased by 34.5% to $14.445 million, while Adjusted Funds from Operations (AFFO) rose by 33.3% to $15.521 million [4][5] - Same-Property Net Operating Income (NOI) totaled $17.1 million, reflecting a 2.4% increase from the prior year [5][10] Leasing Activity - The company signed 18 leases totaling 112,585 square feet, with a comparable cash rent growth of 37.2%, increasing from an average of $17.47 to $23.97 per square foot [11][12] - The current signed-not-open pipeline represents $4.0 million, or 4.0%, of annual cash base rent as of March 31, 2025 [5] Property Acquisition - CTO acquired Ashley Park, a 559,000-square-foot lifestyle center in Atlanta, Georgia, for $79.8 million, achieving a going-in cap rate at the high end of the company's guidance [3][6] Portfolio Overview - As of March 31, 2025, the company's portfolio consisted of 24 properties with a total of 5,246 thousand square feet and a weighted average remaining lease term of 4.9 years [7] - The portfolio's leased occupancy rate was reported at 93.8% [7] Capital Structure and Liquidity - The company had liquidity of $138.4 million as of March 31, 2025, with $130.0 million of undrawn commitments on its Revolving Credit Facility [5][13] - Total long-term debt amounted to $603.8 million, with a weighted average interest rate of 4.35% [14][15] 2025 Outlook - The company reaffirmed its Core FFO and AFFO guidance for 2025, projecting Core FFO per common share to be between $1.80 and $1.86, and AFFO per common share to be between $1.93 and $1.98 [20][21]

Core Insights - NNN REIT, Inc. reported strong financial results for Q1 2025, with revenues of $230.854 million, a 7.2% increase from $215.407 million in Q1 2024 [2] - The company achieved net earnings of $96.458 million, slightly up from $94.371 million in the previous year, resulting in a diluted earnings per share of $0.51 [2][4] - NNN's Core FFO and AFFO per diluted share grew by 3.6% year-over-year, reaching $0.86 and $0.87 respectively [4][31] Financial Results - Total revenues for Q1 2025 were $230.854 million, compared to $215.407 million in Q1 2024, marking a 7.2% increase [2] - Net earnings increased to $96.458 million from $94.371 million, with net earnings per share slightly decreasing from $0.52 to $0.51 [2][4] - FFO for the quarter was $158.734 million, up from $151.261 million in the prior year, with FFO per share increasing from $0.83 to $0.85 [2][31] - Core FFO reached $160.907 million, compared to $151.578 million in Q1 2024, with Core FFO per share rising from $0.83 to $0.86 [2][31] - AFFO was reported at $163.015 million, an increase from $153.259 million, with AFFO per share growing from $0.84 to $0.87 [2][31] Operating Results - As of March 31, 2025, NNN owned 3,641 properties with a total gross leasable area of approximately 37.311 million square feet [3][15] - The occupancy rate was reported at 97.7%, slightly below the 20-year average of 98.2% [4][15] - The weighted average remaining lease term was 9.9 years [3][15] - NNN initiated eviction proceedings for 64 properties leased to a mid-western restaurant operator, successfully re-leasing 31 of these properties [3][5] Property Acquisitions and Dispositions - NNN closed on $232.4 million of investments during the quarter, completing over 40% of its 2025 acquisition volume plan [4][6] - The company disposed of 10 properties, generating net sale proceeds of $15.839 million [8] Balance Sheet and Liquidity - As of March 31, 2025, NNN reported gross debt of $4.6 billion with a weighted average interest rate of 4.1% and a maturity of 11.6 years [9][34] - The company maintained $1.1 billion in total available liquidity, with only 2.5% of its debt being floating rate [4][9] - The net debt to annualized EBITDAre ratio was 5.5x, while the fixed charge coverage ratio stood at 4.2x [9][37] Dividend Information - NNN declared a quarterly dividend of $0.58 per share, representing an annualized yield of 5.4% and an AFFO payout ratio of 66% [10][31] 2025 Guidance - The company maintained its 2025 guidance, projecting net earnings per share between $1.97 and $2.02, Core FFO per share between $3.33 and $3.38, and AFFO per share between $3.39 and $3.44 [11]

Q1 2025 QUARTERLY SUPPLEMENTAL INFORMATION Broadstone Net Lease, Inc. (NYSE: BNL) is an industrial- focused, diversified net lease real estate investment trust (REIT) that invests in single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. www.broadstone.com Table of Contents | Section | Page | | --- | --- | | About the Data | 3 | | Company Overview | 4 | | Quarterly Financial Summary | 5 | | Balance Sheet | 6 | | Income Statement Summary | ...

Financial Performance - Total revenue for the three months ended March 31, 2025, was $27107 thousand[17], compared to $31225 thousand for the three months ended March 31, 2024[17] - Net loss for the three months ended March 31, 2025, was $(21435) thousand[17], compared to a net loss of $(7552) thousand for the three months ended March 31, 2024[17] - Adjusted EBITDA for the three months ended March 31, 2025, was $8418 thousand[29], compared to $11113 thousand for the three months ended March 31, 2024[29] - FFO for the three months ended March 31, 2025, was $2673 thousand[27], compared to $4072 thousand for the three months ended March 31, 2024[27] - AFFO for the three months ended March 31, 2025, was $(693) thousand[27], compared to $(659) thousand for the three months ended March 31, 2024[27] Property Portfolio - As of March 31, 2025, the company owned 14 properties and one consolidated Sponsored REIT[7] - Total owned square footage was 5020216 square feet[40], with a weighted occupied percentage of 664%[40] - Property NOI from owned properties was $5020 thousand[25], compared to $11319 thousand in the prior year quarter[25], a decrease of 76%[25] - Same-store property NOI decreased by 76% to $11319 thousand[25] Debt and Capitalization - Total market capitalization was $434528 thousand[14] - Total debt outstanding (excluding unamortized financing costs) was $250179 thousand[14], representing 576% of total market capitalization[14] - Net Debt to Adjusted EBITDA was 65[14]

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 ...

Portfolio Overview - The company has 134 net lease properties[3], representing a total portfolio of 4.1 million square feet[3, 16] - The portfolio's enterprise value is $610 million, equating to $150 per square foot[3] - The portfolio has a 96% retail net lease occupancy rate[3] - 50% of the Annualized Base Rent (ABR) comes from investment-grade rated tenants[3, 16] - The weighted average lease term is 9.0 years[3, 16], up from 7.0 years at the beginning of 2024[14] Financial Performance - The company's equity market capitalization is $262 million[3] - The annualized dividend yield is 6.8%[3, 51] - The company repurchased 273,825 common shares for a net cost of $4.5 million[14] - The company originated/upsized 4 loans totaling $39.5 million with a weighted average initial cash yield of 9.5%[13] Tenant and Market Diversification - The top tenant accounts for 10% of ABR[36] - The top sector, sporting goods, accounts for 16% of ABR[23] - Florida represents the largest state exposure at 14% of ABR[24]