RIVER VALLEY ESTATES, Marion, OH Acquired in 1986 CINNAMON WOODS, Conowingo, MD Acquired in 2017 UMH PROPERTIES, INC. Investor Presentation February 2026 Forward Looking Statements Certain statements contained in this presentation that are not historical facts are forward-looking statements within the meaning of the safe harbor from civil liability provided for such statements by the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended (the "Se ...

Net Income per Diluted Share of $0.99 for the Fourth Quarter and $10.84 for the Full Year of 2025 Core FFO per Share of $1.40 for the Fourth Quarter and $6.68 for the Full Year of 2025 North America Same Property NOI increased by 7.9% for the Fourth Quarter and 5.7% for the Full Year of 2025 Acquired 14 MH and RV Communities for $457.0 million and Distributed Over $1.5 Billion of Capital to Shareholders, Inclusive of Cash Distributions and Share Repurchases in 2025 Establishing Guid ...

DHC said SHOP results were driven by improving occupancy, pricing, and margins. Same-property SHOP occupancy increased 90 basis points year-over-year to 82.4%, while the average monthly rate increased 5.8%. Same-property SHOP NOI margins improved by 230 basis points year-over-year, with management pointing to revenue growth as a key factor.Medical office and life science NOI of $108.1 million, slightly above the midpoint of guidanceManagement said full-year consolidated NOI grew 31.3% in 2025, supported by ...

Financial Results and Supplemental Information FOURTH QUARTER 2025 February 23, 2026 Diversified Healthcare Trust Announces Fourth Quarter 2025 Financial Results "DHC finished an active 2025 on a strong note and is carrying significant positive momentum into 2026. Fourth quarter and full year results came in at the high end of our expectations, with fourth quarter same property SHOP NOI improving 27.6% over last year to $38.3 million, and full year SHOP NOI improving 31.3% to $139.3 million. Same property S ...

Company Overview - RLJ Lodging Trust is a self-advised REIT that specializes in owning premium-branded hotels, focusing on high-margin, select-service properties across diverse U.S. markets, which supports stable cash flows and a competitive dividend yield [6] - The company reported a total revenue of $1.35 billion and a net income of $33.45 million for the trailing twelve months (TTM), with a dividend yield of 7.14% [4] Recent Transaction - On February 17, 2026, H/2 Credit Manager LP increased its stake in RLJ Lodging Trust by purchasing 3,278,927 shares, valued at approximately $23.83 million based on the quarterly average price [2] - Following this transaction, the total value of H/2 Credit Manager's position in RLJ reached $71.39 million, reflecting a net increase of $26 million from the previous period due to new purchases and stock price movements [2] Financial Position and Market Performance - As of February 17, 2026, RLJ shares were priced at $8.29, which represents a decline of 7.9% over the past year, underperforming the S&P 500 by 18.03 percentage points [8] - The company has recently refinanced all debt maturities through 2028, extended its $600 million revolver to 2031, and added new term capacity maturing in 2033, which positions it to retire $500 million of senior notes due in July [11] Investment Implications - The refinancing of debt reduces refinancing risk, which is crucial in a higher-rate environment, and if lodging demand stabilizes, there is potential for upside through multiple expansions and improved free cash flow visibility [12] - The current investment strategy appears to favor real estate and credit-sensitive plays, indicating a shift away from high-growth sectors like biotech [12]

Core Viewpoint - SITE Centers Corp is a real estate investment trust (REIT) focusing on open-air shopping centers in the United States, competing with other retail sector REITs like Kimco Realty and Regency Centers [1] Group 1: Stock Performance - SITE's stock is currently priced at $163.25, reflecting a significant increase of 9.73%, or $14.47, with a trading range between $146.88 and $167.60 over the past year [4] - The market capitalization of SITE is approximately $7.27 billion, with a trading volume of 1,954,355 shares, indicating substantial market presence and investor engagement [5] Group 2: Analyst Insights - Truist Financial has set a new price target of $200 for SITE, suggesting a potential increase of approximately 22.52% from the current stock price [2][6] - The upcoming fourth quarter 2025 earnings release on February 26, 2026, is highly anticipated by investors, as it may align with Truist's positive outlook on the company's performance [3][6]

Core Viewpoint - Safehold Inc. is set to release its financial results for Q4 and fiscal year 2025 on February 11, 2026, after market close [1] Group 1: Financial Results Announcement - The financial results will be discussed in an earnings conference call on February 12, 2026, at 9:00 a.m. ET [2] - The conference call will be accessible via Safehold's website and will include dial-in options for participants [2] Group 2: Company Overview - Safehold Inc. is innovating real estate ownership by enabling property owners to unlock land value beneath their buildings [2] - The company established the modern ground lease industry in 2017 and focuses on high-quality property types, including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties [2] - As a real estate investment trust (REIT), Safehold aims to provide safe, growing income and long-term capital appreciation to its shareholders [2]

分组1 - Kite Realty Group (NYSE: KRG) announced its 2025 dividend distributions, with a total distribution of $1.08 per share, consisting of $0.8984 in ordinary dividends and $0.1816 in capital gain distributions [1] - The ordinary dividend represents 83.19% of the total distribution, while the capital gain distribution accounts for 16.81% [1] - The dividend payments are scheduled for January 16, April 16, July 16, and October 16, 2025, with each payment set at $0.27 per share [1] 分组2 - Kite Realty Group is a real estate investment trust (REIT) specializing in open-air shopping centers and mixed-use assets, primarily grocery-anchored [2] - The company operates in high-growth Sun Belt and strategic gateway markets, owning interests in 180 U.S. properties with approximately 29.7 million square feet of gross leasable space as of September 30, 2025 [2] - KRG has over 60 years of experience in real estate development, construction, and operation, focusing on maximizing value and returns to shareholders [2]

Economic Outlook - The U.S. economic outlook is mixed, with the Atlanta Federal Reserve forecasting a fourth-quarter GDP growth of 5.3%, which could boost investor sentiment if realized [1] - However, macroeconomic indicators, particularly consumer sentiment and employment data, are less favorable, indicating potential challenges for consumer cyclical stocks like Six Flags [2] Consumer Sentiment - Recent data from the Jefferies U.S. Consumer Pulse survey shows declines in consumer confidence, with significant retrenchment in net buying conditions and personal finance views, suggesting consumers are becoming more cautious [3] - This cautious consumer behavior is not conducive to leisure spending, which is critical for Six Flags [3] Employment Data - The U.S. unemployment rate was reported at 4.4% at the end of December, slightly down from 4.5% the previous month, indicating a near full employment scenario [4] - However, there are emerging weaknesses in the job market, particularly for the 18- to 24-year-old demographic, which is vital for amusement park visitation [5] - Small business job growth and wage growth are stagnating, with the jobs index for this sector declining in December, further complicating the employment landscape for Six Flags [5] Financial Performance and Projections - Analysts have noted that Six Flags' fiscal 2027 adjusted EBITDA, attendance, and revenue forecasts are projected to be 9%, 3%, and 4% below consensus estimates, respectively [6] - The company has shown financial prudence by declining to acquire complete control of Six Flags Over Texas, as the deal did not align with its capital allocation goals [8] Strategic Considerations - Six Flags has potential strategies to unlock shareholder value, including the suggestion from activist investor Jonathan Litt to spin off its real estate holdings into a REIT or sell property assets to an experiential REIT [9] - Such transactions could provide reasons for investors to support Six Flags, although the company's willingness to pursue these options remains uncertain [10]

Core Viewpoint - Dynex Capital, Inc. will release its financial results for the fourth quarter and full year 2025 on January 26, 2026, before market open, and will host a conference call to discuss these results [1]. Group 1: Financial Results Announcement - The financial results will be released before market open on January 26, 2026 [1]. - A conference call and live audio webcast will take place at 10:00 a.m. ET on the same day [1]. Group 2: Webcast and Conference Call Details - The live audio webcast will be accessible on the Investors page of the Dynex Capital website, with an archive available approximately two hours after the live call [2]. - Participants wishing to join the conference call via telephone should dial in at least 10 minutes prior to the start time and provide the conference code [3]. Group 3: Company Overview - Dynex Capital operates at the intersection of capital markets and the U.S. housing finance system, focusing on transforming residential real estate into long-term yields for shareholders [4]. - The company is committed to ethical stewardship, expert risk management, disciplined capital allocation, and social responsibility [4]. - As a real estate investment trust (REIT), Dynex Capital generates dividend income and long-term total returns through financing real estate assets, supporting the growth of housing communities in the U.S. [4].