Veteran Finance Executive and Prevu Co-Founder Brings Over a Decade of Capital Markets Experience and Real Estate Technology ExpertiseDUBLIN, Ohio, Feb. 27, 2026 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (Nasdaq: AIRE) (the "Company" or "reAlpha"), an AI-powered real estate technology company, today announced the appointment of Thomas Kutzman as Chief Financial Officer, effective February 25, 2026. Mr. Kutzman succeeds Piyush Phadke and will oversee the Company's financial operations, capital strategy, and key ...

eXp World (NasdaqGM:EXPI) Q4 2025 Earnings call February 24, 2026 05:00 PM ET Speaker1Please see our filings with the SEC, including our most recently filed annual report on Form 10-K and quarterly reports on Form 10-Q, for a discussion of specific risks that may affect our business, performance, and financial condition. We assume no obligation to update or revise any forward-looking statements or information. As a reminder, today's call is being recorded and a replay will also be made available on expworld ...

Summary of reAlpha Tech Fireside Chat - February 12, 2026 Company Overview - **Company**: reAlpha Tech (NasdaqCM:AIRE) - **Industry**: Real Estate Technology - **Focus**: AI-powered end-to-end home buying platform aimed at automating and streamlining traditional real estate transactions [1][5] Core Issues Addressed - **Fragmentation in Home Buying**: The current home buying process is described as fragmented, manual, and opaque, leading to buyer uncertainty [6] - **AI Integration**: The company aims to use AI to enhance transparency, predictability, and provide real-time guidance throughout the transaction process [7][10] Current AI Applications - **AI Concierge (Claire)**: An AI tool that assists buyers by coordinating their home buying journey and providing guidance [8] - **Home Buying Hub**: A platform that consolidates various stages of the home buying process, allowing users to track their progress [9] - **AI Loan Officer Assistant**: A backend tool that helps mortgage officers manage documentation and identify missing information [9] Strategic Acquisitions - **Recent Acquisitions**: - **Prevu**: A digital realty company that expands reAlpha's geographic footprint to 12 states plus the District of Columbia [12][23] - **InstaMortgage**: A pending acquisition that will enhance the company's mortgage lending capabilities [12][21] - **Integration Goals**: The focus is on deeper platform integration to reduce handoffs and improve efficiency as the company scales [13][121] Geographic Footprint - **Current Presence**: Initially focused on Florida, now expanded to 12 states with the Prevu acquisition, targeting high-growth areas [22][25] - **Mortgage Services**: Currently operating in about 32 states, with plans to expand further post-InstaMortgage acquisition [29] Target Market - **Home Buyer Profile**: Focus on average transactions between $400,000 and $600,000, appealing to a broad customer base [30][36] - **Rebate Program**: Offers rebates for using multiple services, enhancing customer savings and incentivizing service bundling [40][45] Market Environment - **Interest Rates**: Lower interest rates are seen as a potential tailwind for business, but the company emphasizes building a resilient model that is not solely dependent on rate fluctuations [50][56] - **Market Stability**: The current market is described as stable but selective, with buyers being more thoughtful and methodical in their decisions [72] Strategic Priorities for 2026 - **Execution Quality**: Focus on operational consistency and system reliability as key strategic priorities [114][116] - **M&A Strategy**: Continued focus on strategic acquisitions that enhance the platform without creating disconnected assets [119][127] Talent Acquisition - **Mission-Driven Talent**: The company seeks individuals who are innovative and willing to embrace new technologies, particularly in AI [93][95] - **Public Company Advantages**: Being publicly traded allows reAlpha to offer RSUs as a retention tool, aligning employee interests with company growth [100][103] Conclusion - **Growth Strategy**: reAlpha Tech aims to grow both organically and inorganically, focusing on enhancing customer experience and operational efficiency while navigating the complexities of the real estate market [140][144]

Financial Data and Key Metrics Changes - For Q3 2025, the company reported GAAP net income of $0.37 per share and distributable earnings (DE) of $0.24 per share, with DE prior to charge-offs at $0.48 per share, an increase of $0.03 from the prior quarter [4][15] - The book value remained stable at $20.99 per share, reflecting strong credit performance and loan resolutions executed above carrying values [16][17] - The company repurchased $16 million of common stock in Q3 at an average price of $18.69, and an additional $61 million in Q4, totaling nearly $140 million since the buyback program began in 2024 [16][18] Business Line Data and Key Metrics Changes - The company closed $1 billion in total investments during Q3, with 75% concentrated in multifamily and diversified industrial portfolios, and over 60% in international markets [9][10] - The loan portfolio is now 96% performing, with the impaired loan balance down 71% from last year's peak [13] - The company expects to close over $7 billion in new investments this year, diversifying the portfolio and enhancing credit composition [12] Market Data and Key Metrics Changes - Real estate fundamentals remain strong, with stable or improving demand and constrained new supply [6] - The company collected $1.6 billion in repayments during Q3, including significant repayments from large loans [12] - The San Francisco market is showing signs of recovery, with multifamily rents up 10% and office demand growing [13][14] Company Strategy and Development Direction - The company is focused on optimizing its balance sheet and enhancing competitiveness through improved cost of capital [5][7] - The strategy includes a deliberate rotation into sectors and markets best positioned in the current environment, leveraging a robust investment pipeline [12] - The company aims to capitalize on the recovery in market conditions and the return of liquidity to the CRE markets [6][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing recovery of the real estate credit market, noting improved credit quality and a robust pipeline of opportunities [36][42] - The company is not seeing spillover effects from broader economic weaknesses into the CRE market, indicating a more battle-tested environment [36] - Management remains optimistic about the potential for earnings uplift from the REO and impaired loan portfolios [47] Other Important Information - The company has a strong liquidity position of $1.3 billion and over $7 billion of available financing capacity [17] - The company has been active in refinancing and extending corporate debt, taking advantage of favorable capital market conditions [14][18] Q&A Session Summary Question: Can you provide more color on the recovery in transaction activity and liquidity in the CRE markets? - Management noted that liquidity has returned to both the U.S. and Europe, with a stronger recovery in the U.S. driven by a more established CMBS market [24] Question: What is the potential earnings uplift from the REO portfolio? - Management indicated that while specific numbers were not provided, there is significant opportunity to drive additional earnings as the portfolio is turned over [26] Question: How do you see the balance between originating new loans versus share buybacks? - Management stated that they continuously evaluate both options and have been active in buybacks when stock is trading at attractive levels [30] Question: What are the current fundamentals in the office market? - Management reported stability and improvement in the office market, with several upgrades in their office loans driven by increased leasing activity [54]

Financial Data and Key Metrics Changes - The company reported GAAP net income of $0.37 per share and distributable earnings (DE) of $0.24 per share for Q3 2025, with DE prior to charge-offs at $0.48 per share, an increase of $0.03 from the prior quarter [4][15][16] - Book value remained stable at $20.99 per share, reflecting strong credit performance and loan resolutions executed above carrying values [16][17] - The company repurchased $16 million of common stock in Q3 at an average price of $18.69, with an additional $61 million repurchased in Q4 [16][17] Business Line Data and Key Metrics Changes - Total investments in Q3 amounted to $1 billion, with loan originations concentrated in multifamily and diversified industrial portfolios, making up 75% of the total [9][10] - The net lease portfolio grew to $222 million, with $90 million invested across 60 properties in Q3 [10] - The loan portfolio is now 96% performing, with impaired loan balance down 71% from last year's peak [13] Market Data and Key Metrics Changes - The company collected $1.6 billion in repayments during Q3, including significant loans secured by multifamily assets and international properties [12] - Real estate fundamentals remain strong, with stable or improving demand and constrained new supply [6] - The company expects to close over $7 billion in new investments this year, diversifying its portfolio and enhancing credit composition [12] Company Strategy and Development Direction - The company is focused on capitalizing on the recovery in market conditions and optimizing its balance sheet [5][6] - There is a strong emphasis on maintaining a competitive cost of capital and enhancing investment activity across various channels and geographies [5][6] - The leadership transition is expected to continue the momentum of the business, with a focus on capturing opportunities in the current investment environment [21][22] Management's Comments on Operating Environment and Future Outlook - Management noted that the real estate credit market is in recovery mode, with improved credit quality and no new impairments [38] - The company is optimistic about the ongoing recovery in the office market, with stability and improvement observed [55] - Management expressed confidence in the ability to unlock earnings potential from the REO and impaired loan portfolios [49][51] Other Important Information - The company has a strong liquidity position of $1.3 billion and over $7 billion in available financing capacity [17] - The company has been actively optimizing its cost of capital, reducing spreads on corporate term loans and taking advantage of favorable market conditions [19] Q&A Session Summary Question: Can you provide more color on the recovery in transaction activity and liquidity in the CRE markets? - Management indicated that liquidity has returned to both the U.S. and Europe, with a stronger recovery observed in the U.S. due to a more established CMBS market [25][26] Question: What is the potential earnings uplift from the REO portfolio? - Management stated that while specific numbers were not provided, there is significant potential to drive additional earnings as the REO assets are turned over [27] Question: How do you see the balance between originating new loans versus share buybacks? - Management emphasized a dynamic analysis of capital deployment, considering both new loans and share buybacks based on market conditions [30][31] Question: Are there any spillover effects into the CRE market from broader economic weaknesses? - Management noted that the real estate credit market has already been tested and is currently in recovery, with no significant deterioration observed [38] Question: How do you view the pace of net deployment and target leverage levels? - Management expressed confidence in maintaining a healthy pace of repayments and new investments, with current leverage at 3.5 times, which is within their target range [44][46] Question: What are the key levers to cover the dividend? - Management highlighted the importance of unlocking earnings from the REO and impaired loan portfolios as a key driver for covering the dividend [49][51]

Core Insights - The article discusses the increasing role of AI in the real estate market, particularly in generating visually appealing property images to attract potential buyers and renters [5][13][23] - AI is transforming the traditional real estate process by enhancing the visual presentation of properties, which can lead to a disconnect between the actual property condition and the AI-enhanced images [14][15][18] Group 1: AI's Role in Real Estate - AI is not directly selling properties but is effectively driving traffic to listings through visually enhanced images [5][13] - The use of AI-generated images and videos is becoming common in the U.S. real estate market, providing solutions that were previously time-consuming and costly [9][13] - AI tools can create virtual staging, renovations, and landscapes, making properties appear more attractive than they are in reality [9][11] Group 2: Impact on Trust and Decision-Making - The reliance on AI-generated visuals can lead to a significant loss of trust between real estate agents and clients, as potential buyers may encounter discrepancies between images and actual property conditions [14][15] - The process of searching for properties has become more complicated, requiring buyers to develop a "reverse AI" filtering mechanism to discern reality from AI-enhanced representations [15][18] - The article highlights the importance of real-world inspections and maintaining skepticism towards overly polished images in the real estate market [23]

Financial Data and Key Metrics Changes - The company reported FFO as adjusted of $0.46 per share and AFFO of $0.42 per share, with year-to-date portfolio same-store growth of 3.8% [12][18] - Cash NOI increased by 9.4% for the quarter, driven by strong performance in the CCRC portfolio [13][18] Business Line Data and Key Metrics Changes - CCRC portfolio experienced a 150 basis points year-over-year occupancy gain, with sequential occupancy up 70 basis points [9][14] - Outpatient medical leasing demand remains favorable, with 1.2 million sq ft of leases executed during the quarter and total occupancy up 10 basis points at 91% [14][18] - Lab leasing saw 339,000 sq ft of leases executed, with total occupancy at 81% and a positive 5% releasing spread on renewals [16][18] Market Data and Key Metrics Changes - The leasing pipeline has doubled to 1.8 million sq ft since the beginning of the year, with a favorable mix of new and renewal leases [17][22] - The company is experiencing increased demand from tech and AI-based companies, contributing to a strengthening demand profile [17][43] Company Strategy and Development Direction - The company aims to recycle outpatient sale proceeds into higher return lab opportunities, with potential proceeds of $1 billion or more from asset sales [7][18] - The internalization of property management allows for quicker deployment of technology and deeper tenant relationships, enhancing growth opportunities [5][11] - The company is focused on maintaining a flexible balance sheet to pursue strategic investments and fund portfolio growth [18][75] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the life science sector, with leading indicators turning positive and a strong pipeline of leasing activity [4][17] - The company anticipates a decline in occupancy over the next few months but believes it will reach a bottom before starting to recover [8][17] - Management highlighted the importance of the outpatient medical sector, which has shown consistent positive NOI growth over the years [26][27] Other Important Information - The company has completed $158 million of asset sales and loan repayments year-to-date, with an additional $204 million of dispositions under a purchase and sale agreement [18][19] - The company is advancing its technology initiatives to create a tech-enabled platform aimed at streamlining operations and expanding tenant services [10][11] Q&A Session Summary Question: Can you elaborate on the lab leasing pipeline and its changes? - Management noted that the lab leasing pipeline has doubled, with a favorable mix of new and renewal leases driven by improved sentiment in the sector [22][23] Question: What are the potential opportunities for capital recycling? - Management indicated that outpatient medical has been a strong business, and they are looking to take advantage of strong demand for assets to sell less strategic properties [25][26] Question: How does the company view tenant risk and the current market sentiment? - Management reported a decrease in tenant risk exposure and expressed confidence in the ability of tenants to raise capital, improving overall sentiment [38][41] Question: What is the expected timeline for occupancy recovery? - Management expects occupancy to trend down to the high 70% range before starting to recover, with a focus on maintaining a strong leasing pipeline [76][93]

Core Viewpoint - reAlpha Tech Corp. is expanding its AI-powered real estate platform into Georgia, marking its entry into a third major state and enhancing its operational footprint [1][2][3] Group 1: Expansion Details - Georgia recorded over 125,000 home sales in 2024, with a median sale price of $375,000, leading to an annual residential transaction volume of approximately $47 billion [2] - The expansion targets key markets in Georgia, including Atlanta, Savannah, Augusta, and Macon, to serve a growing base of prospective homebuyers [2][3] - The company aims to leverage a media-for-equity partnership with Mercurius Media Capital to enhance brand awareness and consumer reach in Georgia [3] Group 2: Platform Features - reAlpha's AI-powered homebuying platform offers a commission-back experience, saving an average of around $8,000 at closing for homebuyers [4][7] - The platform integrates various services such as realty, title, and mortgage, providing personalized home recommendations and real-time support through its AI assistant, Claire [4][8] - The platform currently has IDX coverage reaching approximately 97% of active listings in Georgia [6] Group 3: Existing Operations - reAlpha has been operating in Georgia since 2018 through its licensed AI-enhanced mortgage subsidiary, reAlpha Mortgage, which currently operates across 30 states [5] - The addition of real estate brokerage capabilities positions reAlpha to deliver a more connected experience for homebuyers in Georgia [5][7] Group 4: Future Plans - The company plans to launch its services in additional states in the coming months, following its expansion into Georgia [7]

Core Viewpoint - reAlpha Tech Corp. has announced a registered direct offering of 14,285,718 shares of common stock at a price of $0.35 per share, alongside a concurrent private placement of unregistered warrants for the same number of shares at the same exercise price [1][3] Group 1: Offering Details - The gross proceeds from the offering are expected to be approximately $5 million before deducting fees and expenses [3] - The unregistered warrants will be exercisable upon issuance and will expire five years from the effective date of the registration statement [1] - The offering is being conducted under a "shelf" registration statement that was declared effective by the SEC on November 26, 2024 [4] Group 2: Use of Proceeds - The net proceeds from the offering are intended for working capital and general corporate purposes, which may include debt repayment, future acquisitions, capital expenditures, and cryptocurrency purchases [3] Group 3: Company Overview - reAlpha Tech Corp. is an AI-powered real estate technology company focused on transforming the U.S. real estate services market through an end-to-end platform that integrates brokerage, mortgage, and title services [7] - The company employs a strategic, acquisition-driven growth model and proprietary AI infrastructure to create a vertically integrated ecosystem aimed at simplifying homeownership [7]

Core Viewpoint - reAlpha Tech Corp. has successfully closed a public offering of 13,333,334 shares of common stock at a price of $0.15 per share, along with associated warrants, raising approximately $2 million in gross proceeds for working capital and corporate purposes [1][3]. Group 1: Offering Details - The public offering included Series A-1 and Series A-2 warrants, each with an exercise price of $0.15 per share [1]. - The Series A-1 warrants will expire five years from stockholder approval, while the Series A-2 warrants will expire twenty-four months from stockholder approval [1]. - H.C. Wainwright & Co. served as the exclusive placement agent for the offering [2]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for working capital and general corporate purposes, which may include debt repayment, future acquisitions, capital expenditures, and cryptocurrency purchases [3]. Group 3: Company Overview - reAlpha Tech Corp. is an AI-powered real estate technology company focused on transforming the U.S. real estate services market through an integrated platform that streamlines real estate transactions [6]. - The company employs a strategic, acquisition-driven growth model and proprietary AI infrastructure to create a vertically integrated ecosystem aimed at simplifying homeownership [6].