Despite Paris Hilton’s high net worth, she and her husband reportedly took out a $43.75 million mortgage for their $63 million Beverly Hills mansion, a move more common among ultrawealthy individuals than one may think. Experts say wealthy buyers often keep their cash liquid and use mortgages as a strategic tool to maximize flexibility and invest in higher-yield opportunities. Considering Paris Hilton is worth an estimated $300 million to $400 million, it might seem odd that she reportedly took out a m ...

Core Insights - Coty Inc. has been downgraded by Santander to a Neutral rating, with the stock price currently at $3.14, amidst significant strategic changes within the company [1] - The company has sold its remaining 25.8% stake in Wella to KKR & Co. Inc. for $750 million in cash, which is part of its strategy to concentrate on core beauty and fragrance businesses [2][5] - The sale is expected to enhance Coty's financial flexibility and reduce its net leverage to approximately three times by the end of 2025 [3][5] - Following the announcement of the Wella stake sale, Coty's stock saw an increase, indicating a positive market reaction despite the downgrade [4] Financial Position - The sale of the Wella stake is anticipated to provide Coty with the ability to reduce both short- and long-term debt [2] - Coty's market capitalization is approximately $2.74 billion, with a trading volume of 7,709,091 shares on the NYSE [4]

Core Viewpoint - Ready Capital Corporation (RC) is a real estate finance company focusing on small to medium-sized commercial loans, operating in a competitive market with peers like Blackstone Mortgage Trust and Starwood Property Trust [1] Group 1: Stock Performance - RC's stock is currently priced at $2.23, reflecting a slight decrease of 0.89% today, with a trading range between $2.15 and $2.26 [4] - Over the past year, RC's stock has experienced significant volatility, with a high of $7.41 and a low of $2.09 [4] - The market capitalization of RC is approximately $369.9 million, with a trading volume of 7,176,501 shares [5] Group 2: Dividends - The Board of Directors declared a quarterly cash dividend of $0.01 per share for the quarter ending December 31, 2025, to be paid on January 30, 2026 [2] - In addition to the common stock dividend, dividends were declared on the 6.25% Series C Cumulative Convertible Preferred Stock and the 6.50% Series E Cumulative Redeemable Preferred Stock, demonstrating the company's commitment to rewarding investors [3][6] Group 3: Analyst Insights - Piper Sandler set a price target of $2.50 for RC, indicating a potential upside of 12.11% from the current trading price [1][6]

ORLANDO, Fla., Dec. 17, 2025 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN) ("NNN" or the "Company"), a real estate investment trust, today announced the closing of a $300 million senior unsecured delayed draw term loan facility (the "Term Loan"). The Term Loan has a six-month delayed draw feature and an accordion option to increase the aggregate facility size to up to $500 million. The Term Loan matures on February 15, 2029, with two one-year extension options. No funds have been drawn on the Term Loan to da ...

Core Insights - TNL Mediagene is focusing on operational execution in 2026 after resolving previous SPAC-related issues, marking a transition year for the company [2] - The company issued a senior convertible note with a principal of $1.67 million, providing improved financial flexibility and deferring potential stock conversion activity [2] - Sidoti & Company initiated research coverage on TNL Mediagene in July 2025, highlighting the company's improved capital structure and operational focus [3][5] Financial Developments - The newly issued convertible note has an 18-month maturity with no installment payments for the first six months, and includes a five-year warrant with a premium exercise price [2] - The revised structure of the convertible note is expected to reduce near-term stock overhang risk while enhancing financial flexibility [2] Company Background - TNL Mediagene was formed in May 2023 through the merger of The News Lens Co., Ltd. and Mediagene Inc., focusing on digital media across multiple languages and topics [6] - The company operates approximately 500 employees across Asia, with a commitment to high-quality content and political neutrality [6]

Core Points - Realty Income Corporation has closed a £900 million Sterling-denominated unsecured term loan, maturing in January 2028 with a twelve-month extension option [1] - The loan proceeds will be used to repay outstanding Sterling-denominated borrowings on a $4.0 billion multicurrency revolving credit facility, pre-funding the refinancing of a January 2026 multi-currency term loan [1] - Realty Income's current A3/A- credit ratings allow for a borrowing rate of 80 basis points over the Sterling Overnight Index Average (SONIA) rate, with a fixed weighted average interest rate of 4.3% over the initial term due to executed interest rate swaps [2] Financial Flexibility - The term loan enhances Realty Income's financial flexibility abroad and addresses the upcoming Sterling-denominated term loan maturity with a lower all-in fixed rate [3] - A total of ten lenders participated in the loan, including major financial institutions such as TD Securities, Bank of America, and JPMorgan Chase [4] Company Overview - Realty Income, known as "The Monthly Dividend Company," has a portfolio of over 15,500 properties across the U.S., U.K., and seven other European countries as of September 30, 2025 [5] - The company has declared 665 consecutive monthly dividends and is a member of the S&P 500 Dividend Aristocrats index for increasing dividends for over 30 consecutive years [5]

Financial Data and Key Metrics Changes - Normalized FFO for Q3 2025 was $33,900,000 or $0.20 per share, down from $0.32 per share in the prior year quarter [19] - Adjusted EBITDAre decreased by $10,000,000 year over year to $145,000,000, primarily impacted by a $13,100,000 decline in adjusted hotel EBITDA and an $8,700,000 increase in interest expense [19][20] - Overall financial results were affected by a decline in gross operating profit margin percentage to 24.4%, down 330 basis points from the prior year [19] Business Line Data and Key Metrics Changes - Hotel portfolio generated adjusted hotel EBITDA of $44,300,000, an 18.9% decline from the prior year due to softer demand and expense pressures [20] - RevPAR for the retained hotel portfolio increased by 60 basis points year over year to $114, while the overall hotel portfolio's RevPAR increased by 20 basis points year over year [10][20] - The triple net lease segment reported rent growth over 2%, stable rent coverage, and occupancy over 97% [13] Market Data and Key Metrics Changes - Domestic leisure travel has declined to its lowest point in several years, reflecting heightened price sensitivity and a shift towards shorter booking windows [9] - The U.S. travel market continues to face headwinds with uneven demand trends amid persistent economic uncertainty [9] Company Strategy and Development Direction - The company is focused on capital recycling initiatives, including the sale of 121 hotels for gross proceeds of $959,000,000, with 69 hotel sales expected to close in November and December [7][8] - The strategic shift towards a net lease company is intended to improve portfolio fundamentals and provide optionality with financing sources [8][15] - Significant capital investments have been made to elevate the quality and performance of hotels, with renovations completed at approximately 45% of the retained hotel portfolio [12] Management's Comments on Operating Environment and Future Outlook - Management noted that the current operating environment is characterized by economic uncertainty and a cautious consumer mindset [9] - The company expects the disposition pipeline to normalize, supporting stability and margin improvement as it moves into 2026 [11] - Future guidance for Q4 includes projected RevPAR of $86 to $89 and adjusted hotel EBITDA in the range of $20,000,000 to $25,000,000, considering seasonality and recent headwinds [21] Other Important Information - The company raised over $850,000,000 in proceeds, including $295,000,000 from asset sales during the quarter and approximately $490,000,000 from the issuance of new zero coupon bonds [7][8] - The company has a current debt outstanding of $5,500,000,000 with a weighted average interest rate of 5.9% [22] Q&A Session Summary Question: How realistic is it that all remaining hotel sales will close by year-end? - Management indicated that they are tracking to close 40% to 50% of the remaining balance in November, with the rest in December [27][28] Question: Can you discuss the $27,000,000 impairment taken in the quarter? - Management explained that it was related to shifting purchase price allocations among portfolios and does not indicate further impairments [30] Question: What is the outlook for price coverage in the travel center portfolio? - Management noted that while there has been a decline in coverage, it is stabilizing and not a major concern due to backing from BP [32][34] Question: How did hotel EBITDA perform versus expectations? - Management stated that timing of asset sales was the biggest driver of performance, with several one-time impacts affecting results [38][40] Question: What is the rationale behind issuing zero coupon bonds? - The primary goal was to provide headroom with covenants and improve liquidity, allowing for better management of debt maturities [49][51] Question: Will there be further hotel dispositions in 2026? - Management confirmed plans for continued dispositions in 2026, focusing on hotels with negative EBITDA [58]

Core Insights - Phillips 66 (PSX) reported third-quarter 2025 adjusted earnings of $2.52 per share, exceeding the Zacks Consensus Estimate of $2.07 and improving from $2.04 in the same quarter last year [1][9] - Total quarterly revenues reached $35 billion, surpassing the Zacks Consensus Estimate of $30 billion, although this represents a decline from $36.2 billion year-over-year [1][9] Segment Performance - **Midstream**: Adjusted pre-tax earnings were $697 million, up from $672 million year-over-year, but slightly below the estimate of $706 million, driven by stronger NGL business results [3] - **Chemicals**: Adjusted pre-tax earnings fell to $176 million, a 49% decrease from $342 million in the prior-year quarter, missing the estimate of $304.7 million due to weaker polyethylene chain margins and higher feedstock costs [4][9] - **Refining**: Adjusted pre-tax earnings improved to $430 million from a loss of $67 million in the year-ago quarter, exceeding the estimate of $80.9 million, attributed to higher realized refining margins [5][9] - **Marketing & Specialties**: Adjusted pre-tax earnings declined to $477 million from $583 million year-over-year, although it beat the projection of $392.2 million, due to lower marketing fuel margins [7] Refining Margins - Realized refining margins increased to $12.15 per barrel from $8.31 year-over-year, with notable increases in various regions: Central Corridor ($15.82 from $14.19), Gulf Coast ($8.74 from $6.39), West Coast ($12.31 from $4.34), and Atlantic Basin/Europe ($11.94 from $5.87) [6] Financial Overview - Total costs and expenses decreased to $34.8 billion from $35.8 billion year-over-year, while the projection was $26.1 billion [11] - The company generated $1.2 billion in net cash from operations, up from $1.1 billion in the prior year, with capital expenditures totaling $541 million and dividends paid out amounting to $484 million [12] - As of September 30, 2025, cash and cash equivalents stood at $2 billion, with total debt at $21.8 billion, reflecting a debt-to-capitalization ratio of 44% [12]

Core Insights - Jefferies has updated its price target for Sonoco Products Company to $60, indicating a potential upside of 48.66% from the current trading price of $40.36, despite a slight decrease from the previous target of $61 [1][6] Financial Performance - Sonoco reported net sales of $2.1 billion in Q3 2025, reflecting a significant year-over-year increase of 57.3%, driven by strategic acquisitions [2][6] - The company's GAAP net income rose to $122.9 million in Q3 2025, up from $50.9 million in Q3 2024, with diluted EPS increasing to $1.23, enhancing shareholder value [3] Strategic Moves - Sonoco's decision to divest its ThermoSafe business unit to Arsenal Capital Partners for up to $725 million is expected to strengthen its financial position, with proceeds aimed at debt repayment [4][6] - The current market capitalization of Sonoco is approximately $3.98 billion, with a trading volume of 2,015,368 shares, indicating its significant presence in the packaging industry [5]

Core Insights - A new trend called "revenge saving" is emerging among Americans, focusing on aggressively saving cash to regain control over finances instead of overspending to cope with stress [1][2] Group 1: Overview of Revenge Saving - Revenge saving is characterized by cutting back on lifestyle expenses and building an emergency fund as a response to debt and inflation challenges [1] - A Vanguard study indicates that 71% of Americans plan to adjust their savings strategies to prioritize flexibility and emergency savings in light of economic uncertainties [2] Group 2: Practical Tips for Revenge Saving - Individuals are encouraged to audit their spending by reviewing bank and credit card statements to identify potential savings opportunities, such as canceling unused subscriptions [5] - Setting concrete savings goals, such as saving three months' worth of living expenses or paying off credit card debt, can provide personal motivation for revenge saving [6] - Automating savings through scheduled transfers to dedicated accounts can help individuals adhere to their savings plans [7] - Utilizing windfalls, such as bonuses or tax refunds, to boost savings can accelerate the achievement of financial goals [8] - Gamifying the savings process, through challenges like a no-spend month or cash-only spending, can enhance motivation and awareness of spending habits [9]