Newmark Mountain West Will Operate Across Five States, Forming Region's Leading Service Provider NEW YORK, Aug. 12, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the strengthening of its presence in Utah, Idaho, Wyoming, Montana and Nevada through the execution of an alliance agreement with Mountain West Commerc ...

Group 1 - Altus Group Limited announced a cash dividend of $0.15 per common share for Q3 ending September 30, 2025, payable on October 15, 2025 [1] - The Dividend Reinvestment Plan (DRIP) allows eligible shareholders to reinvest cash dividends in additional common shares at 96% of the weighted average closing price for the five trading days preceding the payment date [2] - All dividends paid to common shareholders qualify as "eligible dividends" under Canadian tax legislation [3] Group 2 - Altus Group is a leading provider of commercial real estate intelligence, connecting data, analytics, and expertise to enhance CRE performance [4] - The company employs approximately 2,000 experts who contribute to shaping urban environments and communities [4]

Financial Data and Key Metrics Changes - Total transaction volume for Q2 reached $14 billion, up 65% year-over-year, with revenue growth of 18% and diluted earnings per share of $0.99, up 48% year-over-year [10][11][17] - Adjusted EBITDA declined 5% in the quarter, while adjusted core EPS declined 7%, largely due to a 100 basis point decrease in short-term rates [12][13] - Year-to-date diluted earnings per share increased to $1.07, up 5% over 2024, while adjusted EBITDA totaled $142 million, down 9% from 2024 [26] Business Line Data and Key Metrics Changes - The Capital Markets segment saw significant momentum with 68% more debt financing volume and 51% more property sales volume than the prior year, resulting in segment revenues growing 46% year-over-year [18][19] - The Servicing and Asset Management (SAM) segment generated servicing fees of $84 million, up 4% year-over-year, but total SAM revenues declined 5% due to a 12% decrease in placement fees [20][21] - HUD lending volumes grew 55% to $288 million in Q2, and appraisal revenues increased by 61% [15][20] Market Data and Key Metrics Changes - The multifamily sector is well-positioned with record absorption of 227,000 units in the past year, driven by a widening gap between renting and homeownership costs [8][9] - The occupancy rate in the multifamily industry is currently at 96%, indicating strong demand [10] - GSE market share increased to 11.4%, up from 10.3% at the end of the previous year, with both Fannie Mae and Freddie Mac remaining active in the market [13][14] Company Strategy and Development Direction - The company aims to achieve an average of $200 million in transaction volume per banker or broker, with current production at $189 million per banker broker [28] - Expansion into European markets is a strategic focus, with plans to build operations and capitalize on investment flows into Europe [44][45] - The company is committed to growing its affordable housing platform and increasing capital deployment in its investment management business [32][34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the Q3 pipeline, indicating sustained market velocity and a shift from a wait-and-see attitude to a proactive approach among clients [41][42] - The company anticipates continued strong demand for commercial real estate assets and positive underlying market fundamentals [27] - Management emphasized the importance of teamwork and collaboration in achieving future growth and maintaining a competitive edge [35][36] Other Important Information - The company ended the quarter with $234 million in cash, reflecting strong cash generation and rebounding capital markets activity [25] - A quarterly dividend of $0.67 per share was approved, marking seven years of steady dividend growth [25] Q&A Session Summary Question: How does the pipeline look for Q3 and potential growth rates for the second half? - Management indicated that the Q3 pipeline looks great, with sustained market velocity and no signs of a slowdown in transaction volumes [41][42] Question: What is the strategy for the European initiative? - The strategy involves building operations in Europe to capture investment flows and expand the Walker and Dunlop brand globally, with a focus on long-term growth [44][45]

Financial Performance - The company reported a GAAP net loss of $11 million, equivalent to a loss of $0.20 per diluted common share[12] - Distributable Earnings (Loss) amounted to $(28) million, or $(0.51) per diluted common share[12] - Excluding realized losses of $33 million from the exit of an office (life sciences) loan, Distributable Earnings were $5 million, or $0.09 per diluted common share[12] - The book value stood at $524 million, or $9.52 per common share ($11.69 excluding CECL reserve)[12] Portfolio & CECL Reserve - The CECL reserve was $119 million, representing 9% of the outstanding principal balance for loans held for investment[12] - The CECL reserve decreased by $20 million in 2Q 2025 due to the exit of an office (life sciences) loan, loan repayments, and other loan-specific attributes[12] - 94% of CECL reserves relates to risk rated 4 and 5 loans[45] - 89% of CECL reserves relates to office and residential / condo loans[45] Strategic Initiatives & Balance Sheet - Office loans were reduced by $61 million QoQ to $524 million, a decrease of 10% QoQ and 30% YoY[12] - Available capital as of June 30, 2025, was $178 million, including $94 million of cash[12] - The company amended and extended a $150 million Morgan Stanley secured funding facility, which includes a $100 million accordion option[12] Dividend - A cash dividend of $0.15 per common share was declared for shareholders for 3Q 2025, equating to an annualized implied dividend yield of 13% to the stock price as of July 31, 2025[12]

Core Insights - The company reported strong sequential and year-over-year improvements across key performance indicators in Q2 2025, leading to an upward revision of full-year 2025 guidance [10][19][24] Financial Performance - Same-store NOI (non-GAAP) grew 5.3% in Q2 2025, primarily due to a 140 basis point increase in same-store occupancy [2][19] - NOI (non-GAAP) totaled $33.6 million in Q2 2025, reflecting a 6.3% year-over-year increase [3][24] - Total FFO (non-GAAP) was $0.48 per share in Q2 2025, up $0.20 year-over-year [4][25] - CRE and corporate-related FFO per share (non-GAAP) was $0.29 in Q2 2025, a 3.6% year-over-year increase [3][24] Occupancy and Leasing Activity - Leased occupancy was 95.8%, a sequential increase of 40 basis points and a 190 basis point gain year-over-year [5][22] - Economic occupancy was 94.8% at Q2 2025 quarter-end, up 90 basis points sequentially and 200 basis points year-over-year [5][22] - In Q2 2025, 52 leases were executed, representing approximately 184,000 square feet of GLA and $6.1 million in ABR, with blended leasing spreads at 6.8% [6][22] Development and Growth Prospects - Projects under construction are expected to deliver over 150,000 square feet of GLA and $3.8 million in annual NOI upon stabilization in 2026 and 2027 [7][21] - The SNO pipeline totaled $5.8 million as of Q2 2025, including $3.1 million for two industrial build-to-suit projects [6][23] Guidance and Future Outlook - Updated guidance for same-store NOI growth (non-GAAP) is expected at 3.4%-3.8% for 2025, an increase of 80 basis points at the midpoint compared to prior guidance [9][27] - Total FFO (non-GAAP) guidance for 2025 was increased by $0.18 per share at the midpoint to $1.35-$1.40 [9][27] Market Conditions - The Hawaii commercial real estate transaction market is described as "starting to open up," with more acquisition opportunities emerging across asset classes [11][41] - Foot traffic and tenant sales have increased, reinforcing strong local market fundamentals [11][61]

Core Insights - Simon Property Group is successfully adapting to hybrid retail models by investing in digital platforms while consolidating ownership of premium urban assets [1][10] - The company reported strong Q2 2025 results, attributing its success to disciplined execution, high-quality assets, and strategic investments despite macroeconomic challenges [2][4] - Simon's management raised its full-year 2025 guidance for Real Estate FFO to between $12.45 and $12.65 per share, indicating confidence in sustained cash flow growth [5] Financial Performance - Occupancy in Simon's U.S. Malls and Premium Outlets reached 96%, a 40 basis point increase year-over-year, with base minimum rent per square foot climbing to $58.70, a 1.3% increase [7] - Tenant sales per square foot rose to $736, reflecting strong consumer engagement, particularly in affluent and tourism-heavy states like Florida, California, and Texas [7][8] - The U.S. Malls and Premium Outlets segment accounts for over 70% of Simon's Net Operating Income (NOI) [7] Strategic Investments - Simon acquired full ownership of the retail and parking components of Brickell City Centre in Miami, highlighting its strategy to control iconic assets in prime locations [9][10] - The company is investing in digital platforms and hybrid retail operators, indicating a strategy to blend online and in-person shopping experiences [10][11] Market Positioning - Simon's NOI is concentrated in high-income, high-tourism states, positioning the company to benefit from population migration trends and luxury spending resilience [8] - The company emphasizes that the rise of eCommerce is not a threat but a catalyst for transformation in the retail landscape [10] Industry Context - Despite inflation and high interest rates, consumer engagement with in-person retail remains strong, particularly in premium locations [6][12] - The broader retail narrative is complicated by structural and cyclical risks, including competition from eCommerce and global economic uncertainties [13][14]

Acquisition Highlights - Cousins acquired The Link, a lifestyle office property in Uptown Dallas, for $218 million, which equates to $747 per square foot[2, 5] - The property encompasses 292,000 square feet and was built in 2021[5] - The property is 93.6% leased with a weighted average lease term of 9.3 years[5] - The 12-month cash yield is 6.7%, and the GAAP yield is 8.3%[5] Property Details - The Link is a 25-story lifestyle office tower located in Uptown Dallas[7] - It features first-class amenities, including a customer lounge, fitness and conference centers, and an outdoor terrace[7] - The location provides convenient access to major highways and is near Klyde Warren Park[7] Market Context - Uptown Dallas is described as a dense and amenitized submarket with declining vacancy and rent growth outpacing the national average for lifestyle office product[8, 9] Forward-Looking Statements - The report contains forward-looking statements subject to risks and uncertainties that could cause actual results to vary materially[11, 12] - These statements are based on management's beliefs, assumptions, and expectations, which may change[12]

Financial Performance - The company reported a GAAP net loss per share-diluted of ($0.10) for the second quarter of 2025[10, 12] - Earnings Available for Distribution (EAD) for 2Q25 was $0.04 per share, an 11.4% annual increase since the ACRES acquisition in 3Q20[10, 12] - Book value per share at June 30, 2025, was $27.93, down from $28.50 in 1Q25 and up from $27.20 in 2Q24[10, 12] Loan Portfolio & Activity - The CRE loan portfolio at par value was $1.4 billion, with a weighted average LTV of 80%[12] - Net CRE loan production for 2Q25 was $60.5 million[10, 12] - 91.4% of the par value of the CRE loan portfolio is current on payments[10, 12] - 75% of the CRE loan portfolio is focused on multifamily properties[10] Capitalization & Liquidity - Total liquidity at June 30, 2025, was $64.7 million[10, 13] - Total capacity at June 30, 2025, was $2.2 billion[13] - Capacity available at June 30, 2025, was $908.8 million[13] Real Estate Investments - Net investments in real estate and properties held for sale totaled $176.8 million[12, 34]

AEW UK REIT plc Investor Presentation Summary Company Overview - **Company**: AEW UK REIT plc - **Industry**: UK Commercial Real Estate - **Milestone**: Celebrated ten-year anniversary with a consistent high dividend of 2p per share per quarter for thirty-nine consecutive quarters [4][5][52] Core Strategy and Performance - **Investment Strategy**: Focus on value investment principles, sector agnostic approach, and emphasis on location [5][6][7] - **Dividend**: Market-leading dividend of 2p per share per quarter, with a total annual dividend of 8p [5][22] - **Performance Metrics**: Achieved an 11.4% five-year annualized NAV total return and 6.6% outperformance against nearest peers [24][26] - **Portfolio Valuation**: As of June 13, portfolio valued at £215.8 million, with a slight increase of 0.05% [10][11] Market Insights - **Retail Sector**: Noted a renaissance in retail, with stable vacancy rates and strong sales in Q1, despite challenges from e-commerce [12][17] - **Investment Opportunities**: Current market conditions present the best buying opportunity since the company's IPO, with average capital values at their lowest [35][39] - **Sector Focus**: Increased focus on high street retail and leisure sectors, with countercyclical buying strategies [46][74] Recent Acquisitions and Portfolio Management - **Recent Acquisitions**: Leicester property acquired for £11.15 million with a 10.6% net initial yield [41][42] - **Asset Management**: Active management approach to drive income and capital appreciation, with ongoing asset management initiatives [22][26][39] - **Disposals**: Disciplined approach to property disposals, selling underperforming assets to reinvest in high-yield properties [28][30] Financial Position - **Debt Position**: Maintained a debt facility of £60 million fixed until May 2027 at 2.96% [16] - **Cash Availability**: Currently fully invested with no cash available for new acquisitions, aside from a small buffer for capital expenditures [73] Future Outlook - **Market Conditions**: Anticipated recovery in UK investment market as interest rates fall, leading to potential capital appreciation [36][39] - **Dividend Growth**: Focus on driving income and total return, with a commitment to maintaining competitive dividend levels [54][56] - **Government Policy Impact**: Not overly concerned about new government policies affecting rent reviews, as lease lengths have shortened significantly [60][61] Additional Insights - **Geographical Focus**: 28% of the portfolio located in the Southwest, driven by advantageous pricing and economic viability [67][68] - **Alternative Uses**: Consideration of alternative uses for properties, particularly in leisure and retail sectors, to enhance value [65][76] Conclusion - **Company Position**: Confident in the company's strategy and pipeline, with a positive outlook for future performance in the UK commercial property market [52][79]

SEATTLE, July 30, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the Company has arranged a $435 million refinancing on behalf of Nitze-Stagen & Co., Inc. and Daniels Real Estate for Starbucks Center, a landmark office property prominently located at 2401 Utah Avenue South in Seattle's SoDo District. The financin ...