Core Viewpoint - The data center sector is emerging as a significant investment opportunity in the artificial intelligence (AI) revolution, with companies like Digital Realty Trust positioned favorably to benefit from this growth [1]. Group 1: Investment Opportunities - Data centers are crucial for the AI industry, and companies such as Vertiv, CoreWeave, and Applied Digital are well-placed to capitalize on this trend [1]. - Digital Realty Trust, as the world's largest data center operator, owns over 300 data centers across 50 cities and serves more than 5,000 customers, making it a prime candidate for investors looking to engage with the AI data center market [3]. Group 2: Business Structure and Financial Benefits - Digital Realty Trust operates as a real estate investment trust (REIT), allowing it to pass the majority of its profits from recurring rental revenue to shareholders as dividends, thus avoiding corporate-level taxation [4]. - This structure enables shareholders to benefit more directly from the growth of the AI data center industry, which is projected to grow at an average annualized rate of over 27% through 2035 [5]. Group 3: Growth and Performance - While the AI data center business does not exhibit the explosive growth seen in companies like Nvidia, Digital Realty's third-quarter revenue growth of 10% aligns with its historical performance and analysts' expectations [6].

Table of Contents Conference Call 1-800-836-8184 | ID – EastGroup February 5, 2026 10:00 a.m. Eastern Time webcast available at EastGroup.net Q4 2025 Supplemental | Page 1 SUPPLEMENTAL INFORMATION December 31, 2025 Skyway Logistics Park, Charlotte, NC Table of Contents | Financial Information: | | | | --- | --- | --- | | Consolidated Balance Sheets | | 3 | | Consolidated Statements of Income and Comprehensive Income | | 4 | | Reconciliations of GAAP to Non-GAAP Measures | | 5 | | Consolidated Statements of ...

Core Insights - American Tower Corporation (AMT) is a leading global real estate investment trust (REIT) with a market cap of $81.1 billion, primarily focused on owning, operating, and leasing wireless and broadcast communications infrastructure, particularly cell towers [1] - The company operates in over 20 countries, providing diversified revenue streams by enabling mobile network operators to expand their wireless networks without the need for building their own infrastructure [1] Stock Performance - Over the past 52 weeks, AMT shares have decreased by 4.1%, underperforming the S&P 500 Index, which has increased by 14% [2] - In 2026, both AMT stock and the S&P 500 Index have shown marginal gains [2] Dividend Announcement - On December 4, AMT shares rose by 1.5% following the declaration of a quarterly cash dividend of $1.70 per share, indicating confidence in cash-flow stability and appealing to income-focused investors [4] Earnings Forecast - For FY2025, analysts project a 2.3% year-over-year decline in American Tower's AFFO per share to $10.30, although the company has a history of beating consensus earnings estimates [5] - The consensus rating among 22 analysts is a "Strong Buy," with 14 "Strong Buy" ratings, one "Moderate Buy," and seven "Holds" [5] Analyst Ratings - The consensus rating has become more bearish compared to a month ago, with UBS analyst Batya Levi reaffirming a "Buy" rating but lowering the price target from $260 to $254, reflecting a modest reduction of 2.31% [7]

Earnings Release and Conference Call - LTC Properties Inc. will release its fourth quarter earnings on February 24, 2026, after market close [1] - A conference call is scheduled for February 25, 2026, at 8:00 a.m. Pacific / 11:00 a.m. Eastern to discuss performance and operating results for the quarter ended December 31, 2025 [1] Company Overview - LTC Properties is a real estate investment trust (REIT) focused on seniors housing and health care properties, primarily investing through Senior Housing Operating Portfolio (SHOP) and triple-net leases [1] - The company's portfolio includes nearly 190 properties across the United States, with approximately 64% of its assets in seniors housing communities and the remainder in skilled nursing centers [1] Recent Acquisitions - LTC Properties announced a $108 million acquisition of a three-property portfolio in Atlanta, Georgia, which includes nearly 400 independent living, assisted living, and memory care units stabilized at 92% occupancy [1] - The company completed $360 million in SHOP acquisitions in 2025 and expects to close an additional $110 million of SHOP acquisitions in January 2026 [1] Dividend Declaration - LTC Properties declared a monthly cash dividend of $0.19 per common share for the first quarter of 2026, with specific record and payment dates outlined [1]

Terreno Realty Corporation This presentation contains forward-looking statements within the meaning of the federal securities laws. When used, the words "anticipate", "believe", "estimate", "expect", "intend", "may", "might", "plan", "project", "result", "should", "will", "seek", "target", "see", "likely", "position", "opportunity", "outlook", "potential", "future" and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements a ...

Company Overview - Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust (REIT) specializing in industrial real estate, focusing on six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. As of September 30, 2020, the company owned 219 buildings, 22 improved land parcels, and one property under redevelopment [1] Price Target and Analyst Sentiment - The consensus price target for TRNO has shown a slight upward trend over the past year, increasing from $63.86 last quarter to $65, up from $64.69 last year, indicating a positive outlook from analysts [2] - Credit Suisse analyst Omotayo Okusanya has set a price target of $65, reflecting confidence in Terreno's potential for growth [2] Upcoming Earnings Report - Terreno Realty is set to release its fourth-quarter 2025 earnings on February 4th, with analysts forecasting earnings of $0.87 per share and anticipated revenue of $124.72 million for the quarter [3][6] - The upcoming earnings report could influence analyst sentiment and price targets, as company performance is a key factor in stock valuation [3] Market Conditions - Market conditions in the industrial real estate sector, particularly in the coastal U.S. regions where TRNO operates, can impact the company's performance and stock valuation [4] - Broader economic factors, such as interest rates and economic growth, also play a role in influencing the real estate sector and TRNO's stock performance [4] Analyst Upgrades - Terreno Realty has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings prospects and growing optimism about the company's future performance [5][6]

Healthpeak Properties, Inc. (DOC) is a fully integrated real estate investment trust (REIT) based in Denver, Colorado. Valued at a market cap of $12 billion, the company owns, operates, and develops high-quality real estate focused on healthcare discovery and delivery. This healthcare REIT has considerably underperformed the broader market over the past 52 weeks. Shares of DOC have declined 18.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 15.5%. However, on a YTD basis, the st ...

Core Viewpoint - Peakstone Realty Trust (PKST) is undergoing significant changes with a downgrade from UBS and an acquisition by Brookfield Asset Management [1][5]. Group 1: Company Developments - UBS downgraded PKST from an "Outperform" rating to a "Neutral" rating, with the stock priced at $20.77 at the time of the downgrade [1][5]. - Brookfield Asset Management has announced a definitive agreement to acquire PKST in an all-cash transaction valued at $1.2 billion, purchasing all outstanding shares at $21.00 per share, which is a premium over the current stock price [2]. Group 2: Stock Performance - Despite the downgrade, PKST's stock has increased by 32.97%, with a change of $5.15, and has fluctuated between a low of $20.67 and a high of $20.85 today, marking its highest price over the past year [3]. - The lowest price for PKST in the past year was $10.35, indicating significant growth [3]. Group 3: Market Position - PKST has a market capitalization of approximately $764.1 million, reflecting its position in the industrial real estate sector [4]. - The trading volume for PKST today is 10,040,104 shares on the NYSE, highlighting strong investor interest [4].

Core Viewpoint - Armada Hoffler Properties, Inc. has announced the income tax treatment of its 2025 dividend distributions for common and preferred stockholders, detailing the allocation of ordinary dividends and return of capital [1][2]. Common Stock Dividends - Total ordinary dividends for common stock are reported at 20.35%, with non-dividend distributions making up 79.65% of the total [3]. - Section 199A dividends for common stock also stand at 20.35%, indicating a significant portion of the distribution is classified as return of capital [3]. Preferred Series A Dividends - For preferred stock, 100% of the dividends are classified as ordinary dividends and Section 199A dividends, reflecting a straightforward tax treatment for preferred stockholders [3]. Company Overview - Armada Hoffler Properties, Inc. is a vertically-integrated, self-managed real estate investment trust (REIT) with over 40 years of experience in developing, building, acquiring, and managing high-quality properties primarily in the Mid-Atlantic and Southeastern United States [4]. - The company was founded in 1979 and has opted to be taxed as a REIT for U.S. federal income tax purposes, which influences its dividend distribution strategy [4].

Core Viewpoint - Ryman Hospitality Properties, Inc. has successfully refinanced its revolving credit facility, increasing its size from $700 million to $850 million and extending the maturity from May 2027 to January 2030, which enhances the company's liquidity and supports its long-term growth strategy [1][2]. Company Overview - Ryman Hospitality Properties, Inc. is a leading lodging and hospitality real estate investment trust (REIT) specializing in upscale convention center resorts and entertainment experiences [3]. - The company's portfolio includes five of the top seven largest non-gaming convention center hotels in the U.S., with a total of 12,364 rooms and over 3 million square feet of meeting space [3]. - Ryman also holds a 70% controlling interest in Opry Entertainment Group, which includes iconic country music brands and various entertainment venues [3]. Transaction Details - The refinancing was led by Wells Fargo, maintaining similar pricing terms and allowing for a maximum one-year extension option [2]. - The pricing for the revolver will be determined by a leverage-based pricing grid ranging from 140 to 200 basis points over Term SOFR or Daily Simple SOFR [2]. - The revolver was undrawn at the time of closing, indicating a strong liquidity position for the company [2].