2月26日，北京、天津、长沙、苏州等地多宗地块出让。 其中，北京顺义区两宗地块底价成交，总成交金额31.64亿元。 天津2025年首场土拍共出让7宗涉宅用地，其中，和平区宅地最终由津城建设和泰达建设联合体以2.96亿元竞得，成交楼面价43449元/㎡，溢价率8.82%。该成 交楼面价创下了自2018年以来全市新高。 长沙1宗涉宅组合地块，经过30轮竞价，最终由湖南融璟置业有限公司以14.19亿元竞得，成交楼面价9435元/㎡，溢价率29%。 2月26日，天津迎来2025年首场土拍，共出让7宗涉宅用地，总建筑面积179403.5㎡，总规划建筑面积338125.95㎡，总起始价38.1亿元。最终7宗地总成交金额 38.34亿元。 其中，成交楼面价最高的地块为津和山(挂)2025-05号地块，位于和平区山东路与哈密道交口，地块体量不大，土地出让面积4007.4㎡，规划建筑面积6812.58 ㎡，用地性质为住宅用地，容积率1.70，起始价2.72亿元，起始楼面价39926元/㎡。该地块最终由津城建设和泰达建设联合体以2.96亿元竞得，成交楼面价 43449元/㎡，溢价率8.82%。该成交楼面价创下了自2018年以来天 ...

Financial Data and Key Metrics Changes - The company reported a normalized FFO of $0.27 per diluted share and an FFO of $0.29 per diluted share for Q4 2024, with a full year FFO of $1.02 and normalized FFO of $1.29 per diluted share [10][38] - The overall portfolio occupancy at the end of Q4 stood at 96%, slightly increasing compared to the prior quarter [42] - The company achieved same-store NOI growth of $1.3 million at 3.6% on a GAAP basis [41] Business Line Data and Key Metrics Changes - The retail segment achieved an 11.1% GAAP releasing spread, while the office segment achieved an 18.7% GAAP releasing spread [39] - The multi-family portfolio reported a combined trade-out spread of negative 0.8% for the quarter, with renewal spreads remaining strong at 4.7% [40] - The construction management segment posted $2.1 million of gross profit, with expectations to return closer to historical levels in the short term [42] Market Data and Key Metrics Changes - The office assets in mixed-use environments commanded around a 15% premium above competing central business districts [22] - The retail portfolio had a strong performance with 95% occupancy, executing new leases covering approximately 195,000 square feet [27] - The multi-family portfolio operated at 95.3% occupancy, with rent growth in markets such as Baltimore and Virginia Beach [33] Company Strategy and Development Direction - The company remains committed to improving income streams and balance sheet quality, focusing on sustainable growth and financial strength [9] - The strategy includes recycling stabilized assets and capitalizing on better long-term opportunities [14] - The company is focused on strengthening its balance sheet by reducing leverage and enhancing financial flexibility [18] Management's Comments on Operating Environment and Future Outlook - Management expects 2025 to be the trough year for earnings, with anticipated growth in 2026 and beyond as developments stabilize [90] - The company is actively managing challenges related to construction delivery delays and increased interest expenses [46] - Management remains confident in the long-term value of the portfolio and the potential for redevelopment opportunities [36] Other Important Information - The company disposed of two non-core retail assets at a blended cap rate in the low 6% range, achieving an $82 million aggregate sales price [15] - The company successfully executed a $109 million common equity offering to reduce leverage and position for future growth [19] - The company has hedged 100% of its variable rate debt exposure to ensure stability in interest expenses [44] Q&A Session Summary Question: What does the market look like going forward on the Mez side? - Management noted inquiries about financing deals and the pressure in the lending market has created a gap that needs to be filled [52][54] Question: Any new investments need to be a loan to own rather than just a straight loan? - Management indicated that all options are possible, but the focus is on risk-adjusted returns [57][58] Question: Can you talk about the occupancy of your apartment assets in the home market? - Management attributed lower occupancy to price point issues and new developments in the broader market, but expressed confidence in maintaining market rents [59][60] Question: Can you comment on the dilution from recent equity raises and asset sales? - Management stated that the equity raise in September resulted in roughly 5 cents worth of dilution [62][65] Question: How is the company thinking about the longer-term play with T. Rowe headquarters? - Management is monitoring the market and believes it is not the right time to sell the asset at a discount [66][68] Question: Can you provide details on Southgates First occupancy decline? - Management explained the decline was related to specific tenants and expressed optimism about backfill negotiations [73][74] Question: Do you have any active properties that you are marketing on the retail side? - Management mentioned receiving unsolicited activity for retail properties and is open to capital recycling opportunities [80][81]

Financial Data and Key Metrics Changes - The company reported a net loss of $43.3 million or $0.25 per share for the fourth quarter, with FFO at $29.9 million or $0.17 per share, impacted by non-cash impairment charges totaling $23.8 million or $0.14 per share [27] - FFO results were 3% below guidance and 6% below consensus estimates, primarily due to timing and other factors [27] - The company ended 2024 with $90 million in cash and no outstanding balance on its $600 million unsecured line of credit [10][30] Business Line Data and Key Metrics Changes - The wholly owned core portfolio was 87.8% occupied and 89.9% leased, showing sequential improvement [5] - Leasing activity for the year approximated 2.3 million square feet, with 783,000 square feet of leases executed in the fourth quarter, the highest quarterly activity in 2024 [6] - The operating portfolio leasing pipeline remains strong at 1.8 million square feet, with 163,000 square feet in advanced negotiations [9] Market Data and Key Metrics Changes - In Philadelphia, Class A properties accounted for 66% of all lease deals signed in 2024, with the overall CBD portfolio being 93% leased [12] - The CBD recorded 1 million square feet of transactions during 2024, with Brandywine capturing 49% of all office deals [13] - Austin's leasing momentum remains positive, with over 81 tenants actively seeking more than 2.5 million square feet of space [13] Company Strategy and Development Direction - The company aims to leverage improving real estate market trends and position itself for future growth, focusing on liquidity, portfolio stability, and lease-up development [14][42] - 2025 is viewed as a transitional earnings year, with a focus on stabilizing development projects and maintaining minimal balances on the line of credit [15][21] - The company plans to recapitalize or exit several operating joint ventures to reduce debt attribution and improve liquidity [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strength of the operating platform and the quality of developments, despite the current lack of visibility on income timing from development projects [42] - The company noted that tenants are behaving more cautiously due to macroeconomic uncertainties, but discussions with major prospects are ongoing [46][47] - Management highlighted that the overall real estate markets are improving, with a solid operating foundation laid during 2024 [11][12] Other Important Information - The company achieved a tenant retention rate of 63%, exceeding the original target of 51% to 53% [5] - The 2025 FFO guidance is set at a range of $0.60 to $0.72 per share, with a midpoint of $0.66, reflecting a decrease from 2024 levels [21] - The company anticipates a CAD payout ratio of 120% to 150% for 2025, influenced by deferred tenant allowance payments [38] Q&A Session Summary Question: Have any of the larger tenants at 3151 or Uptown ATX gone elsewhere? - Management confirmed that no major prospects have been lost to other buildings, but decision-making timelines have been protracted due to macro uncertainties [44][46] Question: What confidence does the company have around rents and timing to hit yields? - Management indicated that it is more of a timing issue than a pricing issue, with a strong flight to quality observed in the market [48][49] Question: What would be the difference between JV FFO losses for 2025 versus stabilized levels? - Management estimated that income from JVs could ramp up to over $50 million once stabilized, compared to $10 million to $12 million in 2025 [56] Question: Why is the guidance range for 2025 so wide? - The wide range is due to uncertainties in leasing and recapitalization opportunities, with potential upside if leasing occurs faster than anticipated [72][76] Question: Will the $24 million deferred tenant allowance impact only 2025? - Management believes that the deferred tenant allowances will not spill over into 2026, as most have sunset provisions triggering in 2025 [80][84]

As filed with the Securities and Exchange Commission on February 3, 2025 Registration No. 333-283106 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1/A Amendment No. 4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 JFB CONSTRUCTION HOLDINGS (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) Nevada 6719 99-2549040 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification ...

As filed with the U.S. Securities and Exchange Commission on December 20, 2024 Registration No. 333-283286 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 3 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Kabushiki Kaisha LogProstyle (Exact name of registrant as specified in its charter) LOGPROSTYLE INC. (Translation of Registrant's name into English) Japan 1531 Not Applicable (I.R.S. Employer Identification Number) 3-6-23 Kitaaoyama Mi ...

As filed with the U.S. Securities and Exchange Commission on December 4, 2024 Registration No. 333-283286 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 1 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Kabushiki Kaisha LogProstyle (Exact name of registrant as specified in its charter) LOGPROSTYLE INC. (Translation of Registrant's name into English) Japan 1531 Not Applicable (I.R.S. Employer Identification Number) 3-6-23 Kitaaoyama Min ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任 何責任。 （在香港註冊成立的有限公司） （股份代號：00123） 公 告 收購土地 越秀地產股份有限公司（「本公司」）董事會（「董事會」）欣然宣佈，於二○二四年十一月二十七 日，透過聯合體（定義見下文），通過公開掛牌方式以人民幣7,896,900,000元成功競得上海市 浦東楊思社區Z000602單元20B-12地塊（「上海市浦東楊思地塊」）。 上海市浦東楊思地塊 一個由本公司實際擁有95.00%權益的附屬公司杭州燚樂實業投資有限公司（「杭州燚樂」）、上 海煦臻企業管理有限公司及中能建城市投資發展有限公司基於各自獨立利益、按一般商業條款 所商議而組成聯合體（「聯合體」），該聯合體通過公開掛牌方式以人民幣 7,896,900,000元成功 競得上海市浦東楊思地塊。杭州燚樂將會與合作方共同成立項目公司以開發上海市浦東楊思地 塊，本公司於上海市浦東楊思地塊實際應佔利益為27.55%，而據董事作出一切合理查詢後所 知、所 ...

As filed with the U.S. Securities and Exchange Commission on November 15, 2024 Registration No. 333-[ ] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Kabushiki Kaisha LogProstyle (Exact name of registrant as specified in its charter) LOGPROSTYLE INC. (Translation of Registrant's name into English) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Ja ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任 何責任。 北京市海淀區功德寺地塊區位優越，距離有「中國矽谷」之稱的中關村軟件園僅 200米，是北京 大信息產業的集聚高地，客源基數雄厚；距離規劃地鐵13B線軟件園站1.1公里。北京市海淀 （在香港註冊成立的有限公司） （股份代號：00123） 公 告 收購土地 越秀地產股份有限公司（「本公司」）董事會（「董事會」）欣然宣佈，於二○二四年十一月五日， 透過武漢康景實業投資有限公司（本公司實際擁有99.638%權益的附屬公司）（「武漢康景」）， 通過公開掛牌方式以人民幣6,382,500,000元成功競得北京市海淀區功德寺棚戶區改造項目 HD-GDS-002地塊（「北京市海淀區功德寺地塊」）。 北京市海淀區功德寺地塊 本公司透過武漢康景，通過公開掛牌方式以人民幣6,382,500,000元成功競得北京市海淀區功 德寺地塊。 北京市海淀區功德寺地塊總用地面積約42,463平方米，規劃總可建築面積約143,608平方米， ...

As filed with the U.S. Securities and Exchange Commission on September 13, 2024 Registration No. 333-277981 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 5 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Libera Gaming Operations, Inc. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or other jurisdiction of incorporation or organization) (Primary Standard Indu ...