Enters into Amended Credit FacilityCompletes Sale of Signature Place Resulting in $80 Million Term Loan ReductionJERSEY CITY, N.J., July 10, 2025 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE: VRE), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced the amendment of its $500 million credit facility established in April 2024. The transaction reflects Veris Residential's continued progress in advancing its 2025 corporate plan to sell non-str ...

Corporate Presentation NOVEMBER 18, 2024 FORWARD-LOOKING STATEMENTS This Operating and Financial Data should be read in connection with our Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. Statements made in this presentation may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such for- ward-looking statements are intended to be covered by the safe harbor provisions for forward-looking statements contained in Section ...

Financial Performance & Capital Management - Investar Holding Corporation's regulatory common equity tier 1 capital ratio increased to 1085% at December 31, 2024, compared to 951% at December 31, 2023[19] - Book value per common share increased to $2455, or 55%, at December 31, 2024, compared to $2326 at December 31, 2023[19] - Tangible book value per common share increased to $2031, or 73%, at December 31, 2024, compared to $1892 at December 31, 2023[19] - Return on average assets increased to 088% for the fourth quarter of 2024, compared to 077% for the third quarter of 2024[24] - Core return on average assets increased to 093% for the fourth quarter of 2024, compared to 063% for the third quarter of 2024[24] Balance Sheet Optimization & Loan Portfolio - Variable-rate loans as a percentage of total loans was 32% at December 31, 2024[20, 23] - The consumer mortgage portfolio decreased $47 million, or 19%, to $2425 million at December 31, 2024, compared to $2472 million at September 30, 2024[23] - Total loans decreased $308 million, or 14%, to $213 billion at December 31, 2024, compared to $216 billion at September 30, 2024[24, 68] Expense Control & Efficiency - GAAP noninterest expense increased by $04 million, or less than 1%, to $630 million for 2024 compared to $626 million for 2023[19] - Core noninterest expense increased by $10 million, or 17%, to $628 million for 2024 compared to $618 million for 2023[19] - Efficiency ratio improved to 7100% for the fourth quarter of 2024, compared to 7561% for the third quarter of 2024[24]

Core Viewpoint - Flex LNG Ltd. has successfully completed a $175 million JOLCO lease financing for the vessel Flex Courageous, which will enhance its financial position by generating net proceeds of approximately $42 million and reducing the cost of debt by about 1.5% per annum [1][2]. Group 1: Financing Details - The refinancing of Flex Courageous is part of a broader Balance Sheet Optimization Program 3.0, which aims to refinance three vessels and has secured up to 37 years of combined contract backlog [2]. - The company plans to complete the refinancing of Flex Resolute and Flex Constellation in the second half of 2025, expecting to release an additional $120 million in net proceeds [3]. Group 2: Financial Position - As of the end of Q1-2025, Flex LNG reported a cash balance of $410 million, indicating a strong liquidity position supported by substantial charter backlog [4]. - The successful refinancing at attractive terms reflects the company's financial flexibility and the trust from banking partners and lease providers [4].

Core Insights - Flex LNG declared an ordinary dividend of $0.75 per share for the quarter, resulting in a trailing twelve-month yield of 12%, supported by $410 million in cash at the end of Q1 2025 [1] - The company reaffirmed full-year 2025 revenue guidance in the range of $340 million to $360 million [1][8] Financial Performance - The balance sheet optimization program aims to unlock an additional $120 million in free cash, with plans for refinancing ships Flex Resolute and Flex Constellation [2] - At the end of Q1 2025, the company held $410 million in cash and has its first scheduled debt maturity in 2028 [2] - The refinancing initiatives are expected to lower the average cost of capital and extend debt maturities, supporting liquidity [3] Risk Management - Flex LNG increased its interest rate swap portfolio to $700 million notional by the end of Q1 2025, providing 70% hedge coverage over the next 24 months [4] - The company added an additional $150 million in swaps, increasing the total to $850 million at a weighted average rate of approximately 3.5% [5] Contractual Strength - As of May 2025, Flex LNG has a minimum contract backlog of 59 vessel-years, potentially rising to 88 years if charter options are exercised [6][7] - This exceptional contractual coverage provides predictability and cushions earnings against short-term spot rate pressure [7] Future Outlook - Management reaffirmed full-year 2025 revenue guidance of $340 million to $360 million, with debt maturities extended and interest costs reduced [8]

Blackstone Mortgage Trust (BXMT) Q1 2025 Earnings Call April 30, 2025 09:00 AM ET Speaker0 Good day, and welcome to Blackstone Mortgage Trust First Quarter twenty twenty five Investor Call. Today's conference is being recorded. At this time, all participants are in a listen only mode. At this time, I'd like to turn the conference over to Tim Hayes, Vice President Vice President, Shareholder Relations. Please go ahead. Speaker1 Good morning, and welcome, everyone, to Blackstone Mortgage Trust's first quarter ...

Pathward Financial (CASH) Q2 2025 Earnings Call April 22, 2025 05:00 PM ET Company Participants Darby Schoenfeld - senior vice president & Chief of Staff and Investor RelationsBrett Pharr - CEOGreg Sigrist - CFOFrank Schiraldi - Managing DirectorJoseph Yanchunis - Senior Equity Research AssociateTim Switzer - Vice President Operator Sorry for the delay. Thanks, ladies and gentlemen, for standing by, and welcome to PathWave Financial's Second Quarter twenty twenty five Earnings Conference Call. During the pr ...

Pathward Financial, Inc. (CASH) Q2 2025 Earnings Conference Call April 22, 2025 05:00 PM ET Company Participants Darby Schoenfeld - Senior Vice President of Investor RelationsBrett Farr - Chief Executive OfficerGreg Sigrist - Chief Financial OfficerOperator - Conference Call Operator Conference Call Participants Frank Chiraldi - Analyst, Piper SandlerJoe Yakunas - Analyst, Raymond JamesTim Switzer - Analyst, KBW Operator Sorry for the delay. Thanks, ladies and gentlemen, for standing by. And welcome to Path ...