Vancouver, British Columbia--(Newsfile Corp. - November 14, 2025) - Kadestone Capital Corp. (TSXV: KDSX) (OTCQB: KDCCF) ("Kadestone" or the "Company"), a vertically integrated property company, today announced its financial results for the nine months ended September 30, 2025.Financial Results For the nine months ended September 30, 2025, the Company reported a net loss of $3,608,106, or $0.08 per share, compared to a net loss of $2,761,871, or $0.06 per share, for the same period in the prior year. The in ...

Core Insights - Nextensa achieved solid results in Q3 2025, with a significant increase in net profit driven by development activities, lower financing costs, and a strengthened balance sheet [1] - The company completed three significant transactions in Q3 2025, reducing its debt ratio to 38.26%, which enhances its capacity for future sustainable urban development projects [1] Investment Properties - Rental income (like-for-like) increased by 5.67% during the first nine months of 2025, attributed to strong performance at the Tour & Taxis site and contributions from major renovations like Moonar in Luxembourg [2] - Net rental income decreased by 18% compared to the same period last year due to property sales completed in 2024 and 2025 [2] Development Projects - The performance of development projects remains consistent with the previous year, with 96% of the apartments in the second phase of the Park Lane residential project sold or reserved [3] - The Stairs project in Cloche d'Or is progressing on schedule, with residential sales gaining momentum [4] - A nine-year lease agreement was signed for the Terraces office building with a major financial institution, with construction expected to commence shortly [4] Sales Transactions - Nextensa sold its entire 8.99% stake in the Belgian REIT Retail Estates for proceeds of €89.6 million on August 28, 2025 [5] - The company sold 100% of Monteco BV for €28 million on September 17, 2025 [5] - A retail property in Ingeldorf, Luxembourg, was sold to the State of Luxembourg for €19.6 million on September 29, 2025 [5] Financial Performance - The net result (Group share) for Q3 2025 amounted to €35.2 million, or €3.48 per dividend-entitled share, compared to €20.9 million or €2.70 per share at the end of Q3 2024 [6] - The average cost of financing decreased from 2.86% to 2.79%, supported by an interest rate hedging strategy and a reduction in the financial debt ratio [7] Company Overview - Nextensa is a mixed real estate investor and developer with an investment portfolio valued at approximately €1.1 billion as of September 30, 2025, distributed across Luxembourg (31%), Belgium (52%), and Austria (17%) [8] - The company is involved in large-scale urban projects, including a mixed-use district in Tour & Taxis, Brussels, and a major urban expansion project in Cloche d'Or, Luxembourg [9]

Financial Performance - Q3 2025 - Net income decreased by 51% to $0.7 million, compared to $1.4 million in Q3 2024, due to expenses related to the Altman Logistics platform acquisition and lower operating profit in the Industrial and Commercial segment[6] - Pro rata NOI decreased by 16% to $9.5 million, compared to $11.3 million in Q3 2024[6] - Multifamily pro rata NOI decreased by 3% to $4.57 million[6, 10] - Industrial and Commercial NOI decreased by 25% due to vacancies and lease expirations[6] - Mining Royalty Lands NOI decreased by 26% to $3.756 million, primarily due to the absence of a one-time catch-up minimum royalty payment of $1.9 million in the prior year period[6] Financial Performance - Year-to-Date (YTD) 2025 - Net income decreased by 37% to $3.0 million, compared to $4.7 million YTD 2024, largely due to Altman Logistics platform acquisition expenses and higher G&A expenses[6] - Pro rata NOI decreased by 2% to $28.6 million, compared to $29.0 million YTD 2024[6] - Multifamily pro rata NOI increased by 0% to $13.937 million[11] - Industrial & Commercial NOI decreased to $3.053 million[15] - Mining & Royalties NOI decreased by 2% to $10.705 million[21] Strategic Developments - FRP entered a JV with Strategic Real Estate Partners to develop 377,892 square feet of industrial space in Lake County, FL[6] - FRP completed the acquisition of Altman Logistics Properties, LLC, expanding FRP's professional capabilities and deal flow[6] Sum of the Parts Analysis - The total value of FRP is estimated to be between $699 million and $789 million, or $36.59 to $41.29 per share[31] - Income Producing Properties total value range from $515.7 million to $577.5 million[28] - Development Pipeline FRP Equity Investment is $85.1 million[31]

Core Insights - FRP Holdings, Inc. reported a net income decrease of 51% for Q3 2025, primarily due to legal expenses related to the acquisition of Altman Logistics, despite higher mining royalties and improved results in joint ventures [5][6][22] - The company aims to focus on long-term earnings and NOI growth by leasing industrial and commercial vacancies and advancing development projects in key markets [4][6] Financial Performance - Net income for Q3 2025 was $662,000, down from $1,361,000 in Q3 2024, with adjusted net income up $281,000 excluding Altman acquisition expenses [7][22] - Pro rata NOI decreased by 16% to $9.5 million compared to $11.3 million in the same quarter last year, primarily due to a one-time $1.9 million catch-up payment received in Q3 2024 [5][8] - Total revenues for Q3 2025 increased by 1.3% to $10.775 million, driven by a 15.3% increase in mining royalty and rents [7][17] Segment Performance - The Multifamily segment's pro rata NOI decreased by 3% to $4.57 million, impacted by higher uncollectable revenue and increased operating costs [9][11] - The Industrial and Commercial segment experienced a 25% decrease in NOI due to tenant eviction and lease expirations, with total revenues down 15.5% [15][22] - The Mining Royalty Lands segment saw a 15.3% increase in revenue to $3.689 million, but net operating income decreased by 26% due to a significant drop in unrealized revenues [17][22] Strategic Developments - The company entered a joint venture with Strategic Real Estate Partners to develop two warehouses in Florida, indicating a strategic move to expand its industrial real estate footprint [5][6] - The acquisition of Altman Logistics is seen as a critical step for scaling operations and entering new growth markets, particularly in Florida and New Jersey [6][22] Nine-Month Highlights - For the first nine months of 2025, net income was $2.95 million, down 40.9% from $4.77 million in the same period last year, largely due to $2 million in acquisition expenses [21][22] - Total revenues for the nine months increased by 2.2% to $31.931 million, with lease revenue slightly declining by 2.1% [21][22]

PUBLICATION OF ATRANSPARENCY NOTIFICATION - ACKERMANS & VAN HAAREN Pursuant to article 14 of the law of 2 May 2007, Nextensa NV/SA announces that it has received a transparency notification dated 30 October 2025 from Ackermans & van Haaren NV/SA (having its registered offices at Begijnenvest 113, 2000 Antwerp, Belgium). Ackermans & van Haaren has notified that, following an acquisition of additional shares on 28 October 2025, its total number of voting rights in Nextensa increased to 80.31% of the voting r ...

Core Insights - Bridger Aerospace Group Holdings, Inc. has completed a sale-leaseback transaction of its headquarters and hangar facilities for approximately $49 million with SR Aviation Infrastructure, enhancing its financial flexibility and supporting fleet expansion [1][7]. Company Overview - Bridger Aerospace is one of the largest aerial firefighting companies in the U.S., providing services to federal and state agencies, including the U.S. Forest Service [6]. - The company is headquartered in Belgrade, Montana, and is committed to supporting local and state communities [2][6]. Transaction Details - The sale-leaseback involves a ten-year lease agreement, allowing Bridger to maintain its operational base for aerial firefighting missions while leveraging real estate value for capital [1][7]. - This transaction is viewed as a pivotal moment for the company, enabling it to prioritize fleet expansion and fulfill new contracts [2][4]. Strategic Goals - Bridger aims to set industry standards for efficiency and safety in aerial firefighting, focusing on acquiring advanced technology and aircraft to support new contracts with various government entities [4]. - The company emphasizes its commitment to financial resilience and community support through strategic partnerships [4]. About SR Aviation Infrastructure - SR Aviation Infrastructure, a subsidiary of SomeraRoad, specializes in acquiring and developing aviation-related real estate, addressing supply-demand imbalances in the sector [5]. - The Bridger Hangar Complex marks SRAI's third acquisition, expanding its portfolio of aviation assets [5].

Core Viewpoint - Ares Management and Slate Asset Management have agreed to acquire a portfolio of 36 properties in Poland valued at over €300 million from Trei Real Estate, highlighting confidence in the Polish real estate market and the European retail sector [1][3]. Company Overview - Ares Management Corporation is a leading global alternative investment manager with over $572 billion in assets under management as of June 30, 2025, and has been investing in Polish real estate for over two decades [6]. - Slate Asset Management has been active in the European real estate market since 2016, completing over €1 billion in essential real estate acquisitions in 2025 alone, and this acquisition marks its first investment in Poland [4][7]. Portfolio Details - The acquired portfolio consists of 36 recently developed and fully occupied convenience-led retail parks located in major Polish metropolitan areas, with income primarily derived from large regional retailers and essential goods providers [2][4]. - The assets are protected against inflation through CPI-linked lease agreements with tenants that have strong covenants [2]. Strategic Intent - Ares Management views the portfolio as an opportunity for additional value creation and plans to work closely with Slate to unlock its full potential [3]. - Slate Asset Management aims to enhance its exposure to high-quality essential real estate in Europe, focusing on convenience and necessity-based retail [4]. Transaction Timeline - The transaction is expected to close by December 31, 2025, pending customary and regulatory approvals [5].

Core Points - Nextensa has sold a retail site in Ingeldorf to the State of the Grand Duchy of Luxembourg for a net amount of €19.6 million [2] - The retail property has been part of Nextensa's portfolio since 2008 and includes a Batiself building and an extension housing Siemes Schuhcenter [2] - This transaction aligns with Nextensa's strategy to optimize its real estate portfolio while pursuing sustainability objectives [2] Company Overview - Nextensa is a mixed-use real estate investor and developer with a total investment portfolio value of approximately €1.1 billion as of June 30, 2025 [3] - The company's portfolio is geographically divided with 32% in Luxembourg, 51% in Belgium, and 17% in Austria [3] - Nextensa is actively involved in large urban developments, including projects in Brussels and Luxembourg [4] Market Information - Nextensa is listed on Euronext Brussels with a market capitalization of €426 million as of June 30, 2025 [5]

Financial Results - Total assets of the Company amount to EUR 81.799 thousand, with equity at EUR 46.370 thousand and liabilities at EUR 35.767 thousand. Investment assets at fair value increased by EUR 12.892 thousand or 18.71% compared to December 31, 2024 [5] - The Group's total assets are EUR 179.567 thousand, equity is EUR 53.161 thousand, and liabilities total EUR 126.406 thousand. Investment property at fair value increased by EUR 12.676 thousand or 8.00% compared to December 31, 2024 [5] - The Company's total comprehensive income for the first half of 2025 is EUR 4.197 thousand, while the Group's total comprehensive income is EUR 3.482 thousand [5] Key Events - In 2025, the Company acquired investment properties valued at approximately EUR 7.69 million, including a commercial building and a land plot in Lithuania [5] - The Company completed the third tranche of public bond issuance on January 19, 2025, issuing bonds with a total nominal value of EUR 11.226 million [5] - An early redemption of non-public bonds totaling EUR 7.474 million was executed at the end of January 2025 [5] - The Group obtained building permits for retail projects in Vilnius and Klaipėda and began construction of a retail park of nearly 5,000 sq. m in Utena [5] - A loan agreement for EUR 2 million was signed on August 5, 2025, and a credit agreement for EUR 6.2 million for the Utena project was signed on August 19, 2025 [5] - Construction works commenced on three retail centers in Klaipėda district, Vilnius, and Klaipėda city, with completion planned for 2026 [5]

Group 1 - Nextensa has sold its entire 8.99% stake in the Belgian REIT Retail Estates for €66.30 per share, generating total proceeds of €89.6 million, which is a significant capital gain compared to the previous valuation of €61.50 per share [1][2] - The transaction results in a strong cash inflow, reducing Nextensa's debt ratio to below 40%, thereby enhancing the company's balance sheet and financial capacity for future investments [2] - This sale aligns with Nextensa's long-term vision to free up capital for reinvestment in innovative and sustainable urban development projects, reflecting a proactive investment policy [3] Group 2 - Retail Estates has developed into a solid and successful company in its segment, and Nextensa has supported its growth for over 25 years, realizing a clear capital gain through this transaction [4] - Nextensa's investment portfolio is diversified across Luxembourg (32%), Belgium (41%), and Austria (17%), with a total value of approximately €1.1 billion as of June 30, 2025 [6] - The company is actively involved in large urban developments, including projects in Brussels and Luxembourg, focusing on mixed-use real estate [6]