TJ Maxx and JP Morgan Chase Bank Renew Long-Term Retail Leases With Empire State Realty Trust Which Total 68,120 Square Feet-# TJ Maxx and JP Morgan Chase Bank Renew Long-Term Retail Leases With Empire State Realty Trust Which Total 68,120 Square FeetShare---NEW YORK--([BUSINESS WIRE])-- [Empire State Realty Trust, Inc.](NYSE: ESRT) announced today that it signed long-term renewal leases with TJ Maxx and JP Morgan Chase Bank for retail spaces for 46,437 and 21,683 square feet, respectively.TJ Maxx signed a ...

Dream Impact Trust Reports Fourth Quarter 2025 ResultsFeb 17, 2026 5:04 PM Eastern Standard Time# Dream Impact Trust Reports Fourth Quarter 2025 ResultsShare---This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release. All dollar amounts in our tables are presented in thousands of Canadian dollars, except unit and per unit amounts, unless otherwise stated.TORONTO--([ ...

Core Insights - TPG RE Finance Trust, Inc. reported strong operating results for the fourth quarter and full year ended December 31, 2025, with total loan commitments of $1.9 billion and a 100% performing loan portfolio [1][2] Fourth Quarter 2025 Activity - The company originated $927 million in loans and received $378 million in loan repayments, demonstrating effective asset management [1] - Non-mark-to-market borrowings accounted for 82.0% of total borrowings as of December 31, 2025 [1] - The company redeemed all $411.5 million of outstanding investment-grade bonds from TRTX 2021-FL4 and refinanced $205.2 million of collateral interests [1] - Issued TRTX 2025-FL7, a $1.1 billion managed CRE CLO with $957.0 million of investment-grade bonds outstanding [1] - Ended the quarter with $143.0 million in near-term liquidity, including $72.6 million in cash available for investment [1] - The allowance for credit losses increased to $77.4 million, representing 180 basis points of total loan commitments [1] - The weighted average risk rating of the loan portfolio remained stable at 3.0 [1] - The company repurchased 45,367 shares of common stock at an average price of $8.50 per share [1] Full Year 2025 Activity - Extended the secured revolving credit facility by three years, increasing capacity to $375.0 million [1] - Redeemed $114.6 million of investment-grade bonds associated with TRTX 2019-FL3 and refinanced $143.0 million of collateral interests [1] - Issued TRTX 2025-FL6, a $1.1 billion managed CRE CLO with $962.5 million of investment-grade bonds outstanding [1] - The company sold two office properties for net proceeds of $39.4 million, resulting in a gain of $7.0 million [1] - Originated 20 first mortgage loans with total commitments of $1.9 billion and a weighted average interest rate of Term SOFR plus 2.82% [1] - Approved a new share repurchase program for up to $25.0 million of common stock [2] Financial Performance - Generated Distributable Earnings of $76.8 million, or $0.97 per common share, based on a diluted weighted average share count of 79.4 million [2] - Recognized GAAP net income attributable to common stockholders of $45.5 million, or $0.57 per common share [2] - Declared cash dividends totaling $77.9 million, representing an 11.1% annualized dividend yield based on the closing price of $8.61 [2]

Core Viewpoint - TPG Mortgage Investment Trust, Inc. reported strong financial performance for the full year and fourth quarter of 2025, highlighting a disciplined securitization strategy and increased dividends, resulting in a total return exceeding 42% for shareholders [1][2]. Full Year and Fourth Quarter 2025 Financial Highlights - Book value per share as of December 31, 2025, was $10.48, with an annual economic return on equity of 6.5% [1]. - The fourth quarter 2025 dividend was $0.23 per common share, a 9.5% increase from the previous quarter's dividend of $0.21 [1]. - Earnings Available for Distribution (EAD) per diluted common share for the fourth quarter was $0.25, with a quarterly economic return on equity of 2.4% [1][2]. - Total dividends declared in 2025 amounted to $0.85 per common share, representing a 13.3% increase over 2024 [1]. Investing and Financing Highlights - The investment portfolio totaled $8.5 billion as of December 31, 2025, with a net interest margin of 0.7% [1]. - The company invested $50 million in Arc Home, reflecting a valuation multiple of 1.025x book value, and increased ownership in Arc Home to 66% from 44.6% [1][2]. - Arc Home achieved record non-agency origination volumes with a 79% year-over-year growth, contributing $0.06 of EAD per share to MITT during 2025 [1]. Financing Structure - Total financing as of December 31, 2025, was $8.1 billion, with a GAAP leverage ratio of 14.4x and an economic leverage ratio of 1.6x [1][2]. - The financing structure included $7.2 billion of non-recourse and $0.9 billion of recourse financing [1]. Dividends - Quarterly cash dividends declared on February 13, 2026, for preferred stock were $0.51563, $0.50, and $0.652391 per share, payable on March 17, 2026 [1]. - Total liquidity as of December 31, 2025, was $108.7 million [1].

Company Overview - SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells [1] - The company has a portfolio of over 46,000 communications sites across the Americas and Africa [1] - SBA is listed on NASDAQ under the symbol SBAC and is part of the S&P 500, recognized as one of the top Real Estate Investment Trusts (REITs) by market capitalization [1] Upcoming Events - Marc Montagner, Chief Financial Officer of SBA, is scheduled to speak at the Raymond James & Associates 47th Annual Institutional Investors Conference on March 2, 2026, at 9:15 a.m. ET [1] - The audio presentation for the conference can be accessed via the company's website [1] - SBA will release its fourth quarter results on February 26, 2026, after market close, followed by a conference call at 5:00 PM (EST) [1] Tax Reporting Information - SBA Communications Corporation announced year-end tax reporting information for its 2025 distributions, advising stockholders to consult with personal tax advisors regarding specific tax treatment [1]

Core Viewpoint - Farmland Partners Inc. has announced the date for its fourth quarter and fiscal year 2025 earnings release and conference call, scheduled for February 18 and 19, 2026, respectively [1] Group 1: Earnings Release and Conference Call - The financial results for the fourth quarter and year ended December 31, 2025, will be released after 5 p.m. Eastern Time on February 18, 2026 [1] - A conference call to discuss the financial results will take place on February 19, 2026, at 11:00 a.m. Eastern Time [1] - The conference call can be accessed by dialing 1-800-715-9871 with conference ID 8436455, and will also be available via a live webcast on the company's Investor Relations website [1] Group 2: Company Overview - Farmland Partners Inc. is an internally managed real estate company focused on acquiring high-quality North American farmland and providing loans to landowners and farmers [1] - As of December 31, 2025, the company owned 71,600 acres across 11 states, including Arkansas, California, Colorado, Illinois, Indiana, Louisiana, Missouri, Nebraska, South Carolina, Texas, and West Virginia [1] - The company also owns land and buildings for four agriculture equipment dealerships in Ohio, leased to Ag Pro under the John Deere brand [1]

Core Viewpoint - Innovative Industrial Properties, Inc. (IIP) has announced the date for its fourth quarter 2025 earnings release and subsequent investor conference call, indicating ongoing financial transparency and engagement with investors [1]. Earnings Release and Conference Call - IIP will report its fourth quarter 2025 results after the close of trading on February 23, 2026 [1]. - An investor conference call is scheduled for 9:00 a.m. Pacific Time on February 24, 2026, to discuss the financial results and operations for the quarter [1]. - The call will be accessible via a live audio webcast on the company's website and through designated phone numbers for domestic and international participants [1]. Dividend Declaration - The board of directors has declared a fourth quarter 2025 dividend of $1.90 per share, which translates to an annualized dividend of $7.60 per common share [1]. - Since its inception in 2016, IIP has distributed a total of $1.1 billion in common stock dividends to shareholders [1]. Recent Investment Activity - IIP made its first investment outside of the cannabis industry during the third quarter of 2025, with a $270 million financial investment into IQHQ, marking a strategic move towards diversification and growth [1].

Core Viewpoint - NETSTREIT Corp. has announced the pricing of an upsized public offering of 10,980,000 shares of common stock at a price of $19.00 per share, with an option for underwriters to purchase an additional 1,647,000 shares [1] Offering Details - The offering is expected to close on February 13, 2026, subject to customary closing conditions [1] - Wells Fargo Securities and BofA Securities are acting as book-running managers, with several other firms participating as joint book-running managers and co-managers [1] - The company has entered into forward sale agreements for the shares, which may increase to 12,627,000 shares if the underwriters fully exercise their option [1] Financial Implications - The company will not receive immediate proceeds from the forward sale agreements but intends to use any future net proceeds for general corporate purposes, including repaying outstanding amounts under its revolving credit facility and funding property acquisitions [1] - The offering is made under the company's shelf registration statement, which became effective on August 12, 2024 [1] Company Overview - NETSTREIT Corp. is a Dallas-based real estate investment trust (REIT) focused on acquiring single-tenant net lease retail properties across the U.S. [1] - The company aims to build a high-quality net lease retail portfolio with a focus on generating consistent cash flows and dividends for investors [1]

Core Insights - Essential Properties Realty Trust, Inc. reported a fourth quarter net income per share of $0.34, representing a 13% increase compared to the same period in 2024 [1] - The company closed investments totaling $295.8 million at a weighted average cash cap rate of 7.7% [1] - The 2026 AFFO guidance has been increased to a range of $1.99 to $2.04 per share [2] Financial Highlights - **Fourth Quarter 2025 Results**: - Net income per share increased by 13% to $0.34 [1] - Funds from Operations (FFO) per share increased by 15% to $0.54 [1] - Adjusted Funds from Operations (AFFO) per share increased by 9% to $0.49 [1] - **Full Year 2025 Results**: - Net income per share increased by 11% to $1.28 [1] - FFO per share increased by 8% to $2.05 [1] - AFFO per share increased by 9% to $1.89 [1] Investment Activity - **Investments**: - Total investment volume for the fourth quarter was $295.8 million across 58 properties [1] - For the full year, total investments reached $1.3 billion across 270 properties [1] - **Dispositions**: - The company disposed of 19 properties in the fourth quarter, generating net proceeds of $48.1 million [1] - For the full year, 60 properties were disposed of, yielding net proceeds of $130.1 million [1] Portfolio Overview - As of December 31, 2025, the company’s portfolio consisted of 2,300 properties with a weighted average lease term of 14.4 years [2] - The weighted average rent coverage ratio was reported at 3.6x [2] - The portfolio was 99.7% leased, with 91.5% of cash ABR coming from service-oriented or experience-based businesses [2] Debt and Equity - The company raised $170.3 million through its ATM program at an average price of $30.93 per share [1] - Pro forma net debt to annualized adjusted EBITDA ratio stood at 3.8x as of the quarter end [1] - Total available liquidity was reported at $1.4 billion, including cash and cash equivalents of $70.4 million [1] Guidance and Future Outlook - The company anticipates an investment volume of $1.0 billion to $1.4 billion for 2026 [2] - Cash general and administrative expenses are expected to be between $31 million and $35 million [2]

Core Viewpoint - Curbline Properties Corp. announced the pricing of an underwritten public offering of 8,000,000 shares of common stock, expecting gross proceeds of approximately $204 million, with the offering set to close on February 12, 2026 [1] Offering Details - The offering consists of 8,000,000 shares of common stock, with an additional 30-day option for underwriters to purchase up to 1,200,000 more shares [1] - The company has entered into forward sale agreements with Morgan Stanley and BofA Securities regarding the shares being offered [1] - If the underwriters' option is fully exercised, the total shares offered could increase to 9,200,000 [1] Financial Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including property acquisitions, working capital, capital expenditures, and repaying outstanding debt [1] Company Overview - Curbline Properties is a self-managed real estate investment trust (REIT) that owns and manages convenience shopping centers located in high-income suburban areas [1]