EARNINGS RELEASE & SUPPLEMENTAL 2025 FINANCIAL INFORMATION Q4 | 2025 The Enclave at Potomac Club | Northern Virginia Dave Bragg, CFO - 720.398.0885 Trent Trujillo, Investor Relations - 720.283.6135 UDR, INC. | UDR.COM UDR Fourth Quarter 2025 Earnings Supplement | 4Q 2025 Earnings Press Release Pages 1-6 | | | --- | --- | | Company | Financial Highlights | | Consolidated Statements of Operations Attachment 1 | Funds From Operations (FFO), FFO as Adjusted, AFFO Attachment 2 | | Consolidated Balance Sheets Att ...

NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended December 31, 2025 Financial Results NET INCOME attributable to common shareholders for the quarter ended December 31, 2025 was $601,000, or $0.00 per diluted share, compared to $1,203,000, or $0.01 per diluted share, for the prior year's quarter. FUNDS FROM OPERATIONS ("FFO") attributable to common shareholders plus assumed conversions (non-GAAP) for the quarter ended December 31, 2025 was $112,927,000 ...

UDR, Inc. Announces Fourth Quarter and Full-Year 2025 Results, Establishes 2026 Guidance Ranges and Increases DividendFeb 9, 2026 4:16 PM Eastern Standard Time# UDR, Inc. Announces Fourth Quarter and Full-Year 2025 Results, Establishes 2026 Guidance Ranges and Increases DividendShare---DENVER--([BUSINESS WIRE])--UDR, Inc. (the "Company†) (NYSE: [UDR]), announced today its fourth quarter and full-year 2025 results, and has posted a related Investor Presentation to its website at [ir.udr.com]. Net Income, F ...

CURBLINE PROPERTIES TABLE OF CONTENTS CURBLINE PROPERTIES 4Q25 EARNINGS CONFERENCE CALL FEBRUARY 9, 2026 SAFE HARBOR STATEMENT Curbline Properties Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company's expectation for future periods. Although the Company believes that the expectations reflected in su ...

revenues17428291085354,14934,924182,893120,881Expenses:Operating and maintenance7,5384,62825,25814,159Real estate taxes4,9074,13720,68713,44412,4458,76545,94527,603Net operating income41,70426,159136,94893,278Other income (expense):Interest expense(5,824)(485)(12,141) (901)Interest income3,2167,81018,5567,810Depreciation and amortization(22,129)(12,192)(72,408) (41,911)General and administrative (2)(9,573)(10,134)(33,922)(17,439)Other income (expense), net (3)9113181,777(30,560)Gain on disposition of real e ...

Fourth Quarter 2025 Results Table of Contents | Earnings Release | 1 - 5 | | --- | --- | | Consolidated Statements of Operations | 6 | | Consolidated Statements of Funds From Operations and Normalized | | | Funds From Operations | 7 | | Consolidated Balance Sheets | 8 | | Portfolio Summary | 9 | | Portfolio Rollforward | 10 | | Same Store Results 11 - 18 | | | Debt Summary 19 - 21 | | | Capital Structure | 22 | | Common Share and Unit Weighted Average Amounts Outstanding | 23 | | Partially Owned Properties ...

First Liberty Logistics Center | Houston, TX 424,560 Square Feet SUPPLEMENTAL INFORMATION FOURTH QUARTER 2025 TABLE OF CONTENTS | SECTION PAGE | | | --- | --- | | PORTFOLIO COMPOSITION | 3 | | FINANCIAL STATEMENTS | | | Balance Sheets | 4 | | GAAP Statements of Operations | 5 | | Supplemental Statements of Operations | 6 | | Supplemental Statements of Operations Reconciliation | 7 | | SELECTED FINANCIAL INFORMATION | | | Equity Analysis | 9 | | Debt Analysis | 10 | | Debt Covenant Analysis and Credit Rating ...

FIRST INDUSTRIAL REALTY TRUST REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS [Accessibility Statement] Skip Navigation- 2026 NAREIT FFO Guidance Initiated at a Range of $3.09 to $3.19 Per Share/Unit, Representing Approximately 6% Growth at the Midpoint- Closed $425 Million and $375 Million Unsecured Term Loans in 1Q26- Signed 447,000 SF of New Leases for Development Projects in the Fourth Quarter; 231,000 SF Signed Subsequent to the Third Quarter Earnings Call- Started Two Developments in 1Q26 To Date To ...

GERMANTOWN, Tenn., Feb. 4, 2026 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the three and twelve months ended December 31, 2025. | Three months ended December 31, | Year ended December 31, | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025 | 2024 | 2025 | 2024 | | | | | | | Earnings per common share - diluted | $ | 0.48 | $ | 1.42 | $ | 3.78 | $ | 4.49 | | (1)Funds from operations (FFO) per Share - diluted | $ ...

Financial Data and Key Metrics Changes - For the full year 2025, the company reported FFO per share of $2.00, which is approximately 3% above initial expectations [3] - Fourth quarter FFO per share was $0.47, a decrease of approximately $0.02 compared to Q3 2025, primarily due to non-recurrence of termination fees recognized in Q3 [20][21] - Same-store cash NOI for the full year increased by 0.5% compared to 2024, with office segment increasing by 2.3% and retail by 1.2%, while multifamily declined by 3.2% [21][22] Business Line Data and Key Metrics Changes - The office segment showed continued progress with same-store office NOI increasing just over 1% for the quarter and nearly 2.5% for the full year [8][21] - Retail segment ended the year at 98% leased, with fourth quarter leasing totaling 43,000 sq ft and positive cash and GAAP leasing spreads [11] - Multifamily segment ended the year 95.5% leased, achieving approximately 1% net effective rent growth year over year, despite competitive leasing conditions [12][13] Market Data and Key Metrics Changes - In West Coast office markets, signs of stabilization and gradual improvement in leasing activity were noted, particularly in San Diego and San Francisco [5][6] - The overall office portfolio ended the quarter 83% leased, with same-store office portfolio at 86%, up about 150 basis points from Q3 [7][11] - Retail availability is expected to remain near record lows nationally, supporting asking rents [12] Company Strategy and Development Direction - The company aims to drive office leasing by converting prospect activity into signed leases and maintaining retail momentum by managing expirations and focusing on tenant quality [18] - The strategy includes managing through the multifamily supply cycle with disciplined revenue management and cost control [18] - The company is focused on maintaining a strong balance sheet and improving valuation over time [17][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macro uncertainty but believes coastal infill locations and high-quality real estate position the company to capture demand as it materializes [5] - The outlook for 2026 includes a FFO guidance range of $1.96-$2.10 per share, with a midpoint of $2.03, reflecting a conservative approach to leasing velocity and market conditions [25][32] - Management expressed frustration with the current share price, indicating that the public market valuation does not reflect the intrinsic value of the company's assets [16] Other Important Information - The company declared a quarterly dividend of $0.34 per share for the first quarter, with expectations to maintain the dividend at current levels [17] - Liquidity at the end of the fourth quarter was approximately $529 million, with a leverage ratio of 6.9x on a trailing twelve-month basis [23][24] Q&A Session Summary Question: Inquiry about elevated TIs for renewals and demand environment - Management acknowledged that higher capital burdens for office leasing are expected to moderate as occupancy improves and availability tightens [36] Question: Timeline to achieve target leverage of 5.5x - Management indicated that leasing up La Jolla Commons 3 and One Beach would help achieve the target leverage [40] Question: Potential strategic asset sales to improve stock valuation - Management stated they would consider asset sales at favorable prices but would not sell at a discount just to check a box [42][43] Question: Guidance assumptions for office segment lease rates - Management reported that 68,000 sq ft has been signed in 11 deals year-to-date, with a significant pipeline of additional leasing activity [48] Question: Credit reserves and tenant health - Management clarified that the credit reserves are a conservative measure and not indicative of specific tenant concerns [84]