________________________________________ Conference CallWednesday, October 29th, at 11:00 A.M._________________________________________ RALEIGH, N.C., Sept. 24, 2025 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) will release its third quarter 2025 results on Tuesday, October 28th, after the market closes. A conference call will be held the next day, Wednesday, October 29th, at 11:00 A.M. Eastern time. For US/Canada callers, dial (833) 470-1428 and enter access code 078074. International callers ...

Commercial Real Estate (CRE) Market - The commercial real estate market experienced a shock state in 2023, followed by a partial recovery in 2024 [4] - Rising interest rates, specifically an increase of 500 basis points (5%), significantly impacted real estate valuations, causing investors to pull back [5] - With the easing cycle beginning, investors are returning, driven by adjusted prices in multifamily, shopping centers, and office buildings, suggesting a potential path to recovery [5][6] - Office market dynamics show companies are becoming more conservative about office space due to hybrid work models and a push for efficiency, leading to reduced demand, but daily traffic is recovering to 80% of pre-pandemic levels [9][10] - Warehouse demand remains strong, but oversupply and tariff uncertainties have created some market softness, particularly concerning port-related employment in areas like Southern California [15][16] - Brick and mortar retail is experiencing a resurgence, especially for class A prime retail space and locations with experiential components like restaurants and entertainment [16][17] Restaurant Industry - The restaurant industry faces increasing closures and net job losses, impacting a vulnerable workforce including first-time job seekers, returning citizens, single parents, and new immigrants [19][20] - Restaurants are struggling with gender and pay equity issues, employee challenges, and higher food prices, making it a difficult time for the industry [22][25] - Immigration crackdowns are significantly impacting the labor supply for restaurants and farms, highlighting the need for immigration reform to support the food system [26][27] - Tipping is described as an antiquated system with a problematic history, and the industry is grappling with issues like resistance to tipping and varying state regulations on service charges [29][30][31] Prediction Markets - Robinhood offers a prediction market product that allows users to trade on the probability of outcomes in areas like presidential elections, sports, and economic events [36] - These prediction market products fall under the jurisdiction of the CFTC and NFA, similar to traditional futures products [39][40] - Economic event contracts, such as those related to Fed rate cuts, are seen as a significant opportunity for prediction markets [42][43] - Sports have opened up the opportunity for people to participate in prediction markets, with 100 million contracts traded in the first weekend and over 300 million after the past weekend [50]

So talk me through this as we're going into what potentially could be a rate cutting cycle. I think a lot of people expect it to be a rate cutting cycle. You say the build out of commercial real estate is actually slowing down and that's good for the sector.This is confusing a bit. Explain this one to us. Well, first of all, this is a positive step in a progression of things that's happened.The passage of the tax bill was very positive. A little bit of clarity on tariffs is positive. The pullback we're talk ...

Commercial real estate is $4 trillion of outstanding debt. Okay. Single family is 13 trillion.Okay. So single family much bigger than commercial. And half of commercial is multi.So you have only $2 trillion of debt outstanding to office buildings, retail, all of that, hospitality, and you have two trillion out to uh to residential and and you operate mostly in multif family. A lot of it, right. And 50% of that two trillion is with Fanny and Freddy.The issue about housing is that people need somewhere to liv ...

Commercial Real Estate Market - Kane International manages over $13 billion in assets [1] - The company's 8:30 Brickell development in Miami, totaling over 600,000 sq ft, was fully leased upon closing [2] - Kane International's office block on 57th Street in New York is over half leased and experiencing strong demand [3] - The company focuses on building the best properties in prime cities like Miami and New York [4] - There's a noticeable demand for new, high-quality office spaces with amenities, contrasting with struggling older properties [3][4] Luxury Hospitality - The company is seeing strong demand in luxury real estate, including hospitality and residential sectors, driven by wealth transfer [4][5] - UBS predicts over $80 trillion wealth transfer between generations by 2030, with young people (30-40) spending over $50 billion a year by 2028 [5] - Kane International is reinvesting in the Delano Hotel in Miami Beach, with reopening planned for the first quarter of 2026 [6] - The Beverly Hilton reinvigoration project is valued at over $5 billion, supported by JP Morgan and Vichi, indicating strong demand for luxury residences with privacy, wellness, and security [7][8]

Schroders writes off its stake in US commercial real estate lender A10 Capital, sources say https://t.co/LQfE62XAOm ...

All right, congrats on the quarter. I want to dig into it. Uh, you expanded net interest margin by quite a few basis points.What was the driver of that. You know, the core driver of of the seven basis point increase in net interest margin, which was really strong, was a couple of things. Number one, we've got a short duration securities portfolio.So, that's repricing more quickly than most. So, we're getting those cash flows quicker. The other thing is we've had success in driving down deposit costs.And so ...

Financial Distress - A $500 million loan went bad [1] Legal & Asset Recovery - Creditors pursued the debtor's wine collection and Ferraris [1] Industry Focus - The situation involves a contentious commercial real estate dispute [1]

Group 1 - The central theme of the discussion is focused on commercial real estate and its dynamics, particularly regarding REITs and the fundamentals of the sector [1] - The article emphasizes the evolving market dynamics within commercial real estate, indicating a need for investors to stay informed about these changes [1]

Financial Data and Key Metrics Changes - The company reported a GAAP net loss of $10.6 million or negative $0.22 per basic common share for Q1 2025, which includes a provision for credit losses of $3.8 million or negative $0.08 per basic common share [23] - The book value at March 31 was $8.24 per common share, a decline of about $0.23 per share from Q4, primarily due to the GAAP net loss [24] - The aggregate CECL reserve at March 31 was approximately $180 million or $3.72 per common share, down from $201 million or $4.12 per common share in the previous quarter [24] Business Line Data and Key Metrics Changes - The total loan portfolio commitments at the end of Q1 were $2 billion, with an outstanding principal balance of $1.9 billion and about $93 million of future fundings [14] - The realized loan portfolio yield for Q1 was 6.8%, up from 6.6% in the prior quarter, while excluding nonaccrual loans, the yield was 8.5% [15][16] - The company resolved two non-accrual loans totaling about $97 million during Q1, reducing the risk-rated five loan count from seven at year-end to three remaining [10][11] Market Data and Key Metrics Changes - The commercial real estate market showed improved sentiment at the beginning of 2025, with credit spreads tightening and enhanced liquidity, although recent tariff announcements have introduced renewed uncertainty [9] - The company noted that commercial real estate is better positioned today compared to previous years, with a lower reset basis across most property types and markets [9] Company Strategy and Development Direction - The company plans to maintain higher liquidity, extend debt maturities, and engage in value-enhancing activities while navigating market volatility [12] - The management anticipates returning to new originations in the latter part of the year, which is expected to improve run rate profitability and earnings over time [13] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the commercial real estate market, noting that while there are headwinds, the debt markets remain open and functioning [11] - The company is focused on resolving non-accrual loans and expects to further pay down remaining expensive debt, which should enhance profitability [25] Other Important Information - The company repurchased about 900,000 common shares during Q1, believing that the current market price does not reflect the business's value [12] - The company has about $86 million of unrestricted cash and total leverage remained unchanged at 2.2 times relative to the prior quarter [26] Q&A Session Summary Question: Potentially starting originations back up in the second half of the year - Management indicated a balance between preserving liquidity and stock buybacks, with flexibility to continue buybacks while considering new originations later in the year [28][29] Question: Progress on working down risk-rated loans - Management noted that the majority of the portfolio is performing well, with no negative credit migration in Q1 and only one rating change overall [30][32] Question: Clarification on write-offs and realized losses - Management confirmed that the $37 million write-off includes $22 million related to one resolution and $15 million related to another [40][42] Question: Remaining term to maturity of the portfolio - Management clarified that there are loans maturing in 2025, 2026, and some extending into 2027, with over 20% of the portfolio expected to mature in 2025 [46][50] Question: Reserve on risk-rated loans - The reserve on risk-rated four loans is approximately $13.1 million, relating to a balance of $174 million [54][56] Question: Income generation from REO assets - Management indicated that the REO properties are expected to generate positive NOI, with ongoing leasing discussions [59][65]