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Americold Announces First Quarter 2025 Results
Globenewswire· 2025-05-08 11:00
Delivered $0.34 AFFO per share Completed Houston Warehouse Acquisition Enabling a Significant New Retail Customer Win Increased Quarterly Dividend by 5% Updated 2025 Full-Year Outlook ATLANTA, GA, May 08, 2025 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company”), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced financial and ...
SATO Corporation Interim Report 1 January – 31 March 2025: Tight competition continues – The rental market remains oversupplied
Globenewswire· 2025-05-08 06:00
SATO Corporation, Interim Report 8 May 2025 at 9:00 am This is a summary of SATO's interim report for January–March, which has been published in full as an appendix to the release and at www.sato.fi. The figures in the report are unaudited. Summary for 1 Jan – 31 Mar 2025 (1 Jan – 31 Mar 2024) President and CEO Antti Aarnio: Inflation remained low in Finland during the period under review, but consumer confidence is still weak and expectations for personal finances and growth of the Finnish economy are subd ...
三十年河东,三十年河西,那些买了房子和没买房子的区别
Sou Hu Cai Jing· 2025-05-08 03:12
10多年前,如果你没有自己的一套房子,周围的人都看不起你,找不到对象,甚至是广告也在说:"丈母娘第一个给眼色你看。" 十多年前,铺天盖地的房子广告,告诉你,只要你买了房子,就等着升值,一套房子一年升值的价值等于你上几年的班。 回到老家,周围的朋友,不是讨论车子,就是讨论房子,唯独没有买房的你,独自坐在角落头闷不做声。 房价从2009年一直涨到2018年,很多人就在这段时间买了房子。你看着一路高涨的房子,再不买,这辈子可能买不起了,于是你咬咬牙,各种借钱贷款 的,终于把首付凑齐了,拿到房子的那一天,你终于是有房一族了。 可是开心的时刻是那么的短暂,每个月的房贷,让自己非常的不是滋味,毕竟才刚刚开始还房贷,未来还有30年的房贷之路要走,想想真实路漫漫啊,而 房贷的原因,自己的生活质量一下子下降了,虽然是这样,自己还能接受,然而你更没想到,2019年,房价开始跌了,在我们这片土地上,第一次听说房 价还会下跌的,然后再经历特殊的三年时间,很多人的工作都不保了,公司倒闭的倒闭,裁员的裁员,自己的工作岗位下个月不知道还在不在,可是每个 月都房贷一分不少的要交。 好不容易熬过去了三年,发现市场环境完全变了,很多行业直接消失 ...
Greystone Housing Impact Investors LP(GHI) - 2025 Q1 - Earnings Call Transcript
2025-05-07 21:32
Greystone Housing Impact Investors LP (GHI) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Company Participants Jesse Coury - Chief Financial OfficerKenneth Rogozinski - Chief Executive OfficerMatthew Erdner - DirectorChris Muller - Director - Equity Research Conference Call Participants Jason Stewart - Director & Equity Research Analyst Operator and welcome to First Quarter twenty twenty five Earnings Call for Greystone Housing Impact Investors. At this time, all participants are in a listen only mode. A q ...
Flagship Communities Real Estate Investment Trust Wins National Manufactured Housing Institute’s Highest Awards for Excellence in Community Operations and Impact
Globenewswire· 2025-05-07 11:00
Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- Flagship Communities Real Estate Investment Trust (TSX: MHC.U) (TSX:MHC.UN) ("Flagship" or the "REIT") today announced that it was awarded the Manufactured Home Community Operator of the Year and Community Impact Project of the Year by the Manufactured Housing Institute (MHI). Flagship has been awarded the Manufactured Home Community Operator of the Year twice in the past three yea ...
Sabra(SBRA) - 2025 Q1 - Earnings Call Transcript
2025-05-06 17:00
Financial Data and Key Metrics Changes - For Q1 2025, normalized FFO per share was $0.35 and normalized AFFO per share was $0.37, compared to $0.34 and $0.35 in Q1 2024, representing a year-over-year increase of 79% for both metrics [14][15] - Cash rental income from the triple net portfolio totaled $90 million, up from $89 million in Q1 2024, despite the disposal of $115 million of real estate from the portfolio last year [15] - Cash NOI from the managed senior housing portfolio totaled $24.1 million, compared to $19.1 million in Q1 2024, driven by strong occupancy and margin gains [15][12] Business Line Data and Key Metrics Changes - Skilled nursing and triple net senior housing EBITDARM rent coverage reached new highs at 2.19 and 1.41, respectively, with behavioral health coverage at 3.77 [5] - Skilled occupancy increased by 80 basis points sequentially, while triple net senior housing occupancy rose by 50 basis points [6] - Revenue for the same store managed senior housing portfolio grew 6.3% year-over-year, with occupancy at 85.4% compared to 82.6% in Q1 2024 [11] Market Data and Key Metrics Changes - The domestic portfolio occupancy was 83%, gaining 340 basis points year-over-year, while the Canadian portfolio occupancy was 90.9%, adding 140 basis points [11] - RevPAR in the same store portfolio increased by 2.8% year-over-year, with Canadian RevPAR growing by 4.9% [11] - The company noted a robust deal pipeline, with over $200 million in awarded deals, which is more than the total for all of 2024 [7][8] Company Strategy and Development Direction - The company is focusing on internal and external growth opportunities in senior housing, with little new supply expected in the coming years [10] - Management emphasized a commitment to maintaining a balanced portfolio between senior housing and skilled nursing, avoiding large portfolio acquisitions to keep operations predictable [78] - The company is actively using its ATM program to raise equity for funding growth, with a focus on accretive capital [16][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued occupancy growth and potential Medicaid rate increases in the summer, which could enhance coverage [86] - The company is cautious about the skilled nursing facility (SNF) market due to challenges in structuring leases around underperforming assets [66][68] - Management believes that the current operating environment will allow for improved coverage and revenue growth, despite potential headwinds from provider taxes [85] Other Important Information - The Board of Directors declared a quarterly dividend of $0.30 per share, representing a payout of 81% of the first quarter normalized AFFO per share [19] - The company has ample liquidity of over $1 billion, consisting of unrestricted cash and available borrowings [18] Q&A Session Summary Question: Update on skilled nursing facility sale - Management confirmed that the expected $50 million skilled nursing facility sale is still on track, though regulatory hurdles have delayed the process [21] Question: Trajectory of RevPOR and expense growth - Management expects occupancy to rise, which will allow for increased pricing power, while expenses are anticipated to remain stable [22][23] Question: Guidance on acquisitions and SHOP performance - Management reiterated that acquisitions are not included in current guidance until closed, and reaffirmed expectations for low to mid-teens cash NOI growth [27][28] Question: Insights on transaction market and deal flow - Management noted a robust pipeline of deals, primarily in senior housing, with private equity firms as frequent sellers [31][33] Question: Details on $200 million of awarded deals - All awarded deals are domestic, primarily in the Eastern U.S., with growth potential embedded in the assets [40][41] Question: Changes in underwriting criteria - Management stated that underwriting criteria remain unchanged, focusing on cost of capital and accretive deals [60] Question: Concerns regarding SNF acquisitions - Management highlighted challenges in acquiring SNFs due to financial instability and the difficulty in structuring leases [66][68] Question: Expectations for SHOP occupancy cadence - Management anticipates an increase in occupancy as seasonal factors improve, particularly in Canadian assets [70] Question: Interest in large portfolio acquisitions - Management confirmed a commitment to smaller, more manageable deals to maintain operational simplicity and predictability [78] Question: Medicare reimbursement impacts - Management expressed confidence that Medicare will not be significantly impacted by current government budget discussions [97]
National Health Investors(NHI) - 2025 Q1 - Earnings Call Transcript
2025-05-06 15:02
National Health Investors (NHI) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Company Participants Dana Hambly - VP - Finance & IREric Mendelsohn - President, CEO & Board MemberKevin Pascoe - CIOJohn Spaid - CFORichard Anderson - Managing Director - Equity ResearchJuan Sanabria - Managing DirectorFarrell Granath - Equity Research AssociateOmotayo Okusanya - Managing Director Conference Call Participants Austin Wurschmidt - Senior Equity Research Analyst Operator Greetings. Welcome to National Health Invest ...
National Health Investors(NHI) - 2025 Q1 - Earnings Call Transcript
2025-05-06 14:00
National Health Investors (NHI) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Speaker0 Greetings. Welcome to National Health Investors First Quarter twenty twenty five Earnings Webcast and Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note this conference is being recorded. I will now turn the conference over to your host, Dana Hambly, Vice President, Finance and Investor Relations. You may begin. Speaker ...
LTC Properties(LTC) - 2025 Q1 - Earnings Call Presentation
2025-05-05 22:25
FIRST QUARTER 2025 LEADERSHIP MANDI HOGAN SVP, Marketing WENDY SIMPSON Executive Chairman PAM KESSLER Co-President and Co-CEO CLINT MALIN Co-President and Co-CEO CECE CHIKHALE EVP, Chief Financial Officer, Treasurer and Secretary DAVID BOITANO EVP, Chief Investment Officer GIBSON SATTERWHITE EVP, Asset Management MIKE BOWDEN SVP, Investments BOARD OF DIRECTORS RENEWAL AND SUPPLEMENTAL OPERATING AND FINANCIAL DATA TRANSITION | WENDY SIMPSON | Executive Chairman | | --- | --- | | CORNELIA CHENG | ESG Committe ...
National Health Investors(NHI) - 2025 Q1 - Earnings Call Presentation
2025-05-05 21:50
Financial Performance - Net income per diluted share increased from $0.71 in Q1 2024 to $0.74 in Q1 2025[8] - NAREIT FFO per diluted share increased from $1.10 in Q1 2024 to $1.14 in Q1 2025[8] - Funds Available for Distribution (FAD) increased by 9.9% from $50.975 million in Q1 2024 to $56.001 million in Q1 2025[8] - Lease revenue excluding straight-line, lease amortization, and escrow reimbursement revenue of $65.3 million increased 8.0% compared to Q1 2024[11] SHOP Performance - SHOP NOI increased by 4.9% to $3.1 million in Q1 2025 compared to the prior year period[11] - SHOP NOI margin was 22.1% in Q1 2025, a decrease of 10 bps compared to the prior year period[11] - Average SHOP occupancy increased by 390 bps year-over-year to 89.2% in Q1 2025[11] - The company continues to estimate 12%-15% NOI growth for SHOP in 2025[11, 21] Balance Sheet and Investments - Net Debt to Adjusted EBITDA was 4.1x, at the low end of the company's target range of 4.0x – 5.0x[11] - The company announced 2025 YTD investments totaling $174.9 million at an average initial yield of approximately 8.2%[11] - The company is evaluating a pipeline of investment opportunities valued at approximately $264 million[11]