Core Viewpoint - Great Elm Group, Inc. has announced a strategic partnership with KLIM, which includes a $150 million debt investment to enhance its industrial real estate platform and a purchase of 4.9% of its common stock [1][2][3] Transaction Highlights - KLIM is providing an initial $100 million term loan to Monomoy REIT, with an option for an additional $50 million in future capital [2] - KLIM is purchasing 4.9% of Great Elm Group's common stock at approximately $2.11 per share and will hold an initial 15% profits interest in Great Elm Real Estate Ventures, LLC [2][5] Strategic and Financial Impact - The financing from KLIM will improve Monomoy REIT's cost of capital, allowing for refinancing of existing convertible debt and repayment of key credit facilities [10] - The capital will also be utilized for new acquisitions and scaling Monomoy's operations [10] About the Monomoy Platform - Monomoy Properties REIT, LLC has approximately $400 million in diversified net leased industrial outdoor storage (IOS) assets, providing investors with returns through dividends and long-term capital appreciation [4] - The Monomoy platform includes Monomoy CRE, LLC, Monomoy Construction Services, LLC, and Monomoy BTS Corp, creating a vertically integrated real estate enterprise [5][16] Company Overview - Great Elm Group, Inc. is an alternative asset manager focused on building a diversified portfolio across credit, real estate, and specialty finance [14] - The newly formed Great Elm Real Estate Ventures consolidates GEG's real estate subsidiaries, enhancing its ability to deliver comprehensive real estate solutions [9][16]

About National Healthcare Properties, Inc. National Healthcare Properties, Inc. (Nasdaq: NHPAP / NHPBP) is a publicly registered real estate investment trust focused on acquiring a diversified portfolio of healthcare real estate, with an emphasis on seniors housing and outpatient medical facilities, located in the United States. Additional information about NHP can be found on its website at nhpreit.com. NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) -- National Healthcare Properties, Inc. (Nasdaq: NHPAP / NHPBP) ...

Group 1: Altria Group - Altria Group's shares have increased by approximately 15% over the past 12 months despite a decline in cigarette volumes, with Marlboro shipment volume dropping by 11.4% year over year in Q2 [4][5] - The company has experienced a slight revenue decline of 0.4% year over year, but margin expansion has led to a 4.4% increase in operating income [5] - Altria's oral tobacco product sales rose by 6% year over year, and the company may benefit from increased regulatory oversight of unauthorized nicotine products [6] - The stock offers a 6.7% yield, with a history of consistent dividend increases, marking the 59th payout raise in 55 years [7] Group 2: Healthpeak Properties - Healthpeak Properties is a REIT focused on outpatient medical buildings, laboratories, and retirement communities, offering a 6.9% dividend yield [8] - The company faced challenges due to decreased demand for lab space from biotech start-ups but has merged with Physician's Realty to enhance its portfolio [9] - In Q2, adjusted funds from operations (FFO) rose to $0.44 per share, supporting current dividend payments of $0.305 per share per quarter [10] Group 3: Ares Capital - Ares Capital is a business development company (BDC) that provides loans to businesses, reporting a 10.9% average yield on its debt securities [11] - The stock offers an 8.4% yield, with a stable quarterly payout since 2009, despite some variability in past extra dividend payments [12] - Ares Capital is externally managed by Ares Management, which has approximately $546 billion in assets under management, and has a low non-accrual loan rate of 1.2% [13][14]

Core Insights - Franklin Street Properties reported a GAAP net loss of $(0.08) per share, aligning with analyst expectations, and revenue of $26.7 million, reflecting ongoing operational challenges in the office real estate market [1][7] Financial Performance - EPS (GAAP) for Q2 2025 was $(0.08), consistent with estimates and improved from $(0.20) in Q2 2024, showing a year-over-year change of $0.12 [2] - Revenue decreased by 13.3% from $30.8 million in Q2 2024 to $26.7 million in Q2 2025 [2] - Funds From Operations (FFO) per share fell to $0.02, a 50% decrease from $0.04 in Q2 2024 [2] - Adjusted Funds From Operations (AFFO) per share was approximately break-even, compared to $0.01 in Q2 2024, indicating a significant change [2] - The owned portfolio leased percentage dropped to 69.1%, down from 70.3% at year-end 2024 [2] Operational Trends - The company faced persistent challenges in leasing, with new leasing activity primarily driven by renewals and expansions rather than new tenants [5] - The average rent per occupied square foot decreased from $31.77 at year-end 2024 to $30.98 at June 30, 2025 [6] - Year-to-date leasing activity reached 187,000 square feet, but the overall leasing environment remains weak [5] Strategic Focus - The company is focusing on increasing leasing in existing properties and pursuing selective property sales to reduce debt, which stood at approximately $250 million as of March 31, 2025 [4][8] - Management is exploring options for further property sales or potentially selling the company, with no specified timeline for outcomes [11] Market Overview - The portfolio is concentrated in the Sunbelt and Mountain West regions, particularly Texas, Colorado, and Minnesota, with ongoing difficulties noted in the Minneapolis market [3][10] - Management observed firmer tenant demand in Texas, especially Houston, but this has not significantly improved overall portfolio metrics [10] Dividend and Guidance - The quarterly dividend remained unchanged at $0.01 per share, despite negative cash flow on an adjusted basis [12] - Management did not provide financial guidance for the next quarter or fiscal 2025, citing uncertainty in leasing demand and potential property sales [13]

Core Insights - ACRES Commercial Realty Corp. reported a GAAP net loss of $732,000 or $(0.10) per diluted share for the quarter ended June 30, 2025 [1] Company Performance - The company is focused on originating, holding, and managing commercial real estate mortgage loans and equity investments [6] - The origination team is developing a pipeline of new loan opportunities and expects to grow its portfolio by investing in high-quality properties nationwide in the second half of the year [2] Earnings Call Information - A live conference call to discuss the second quarter 2025 operating results is scheduled for July 31, 2025, at 10:00 a.m. Eastern Time [4] - For those unable to attend the live call, a replay will be available through August 14, 2025 [5]

Core Points - NexPoint Diversified Real Estate Trust announced a distribution of $0.34375 per share for its 5.50% Series A Cumulative Preferred Shares, payable on September 30, 2025 [1] - The record date for preferred shareholders is set for September 23, 2025 [1] Company Overview - NexPoint Diversified Real Estate Trust is a publicly traded, externally advised diversified real estate investment trust (REIT) [2] - The company focuses on the acquisition, development, and management of opportunistic and value-add investments across multiple sectors in the United States [2] - NexPoint and its affiliates possess operational expertise in these sectors [2]

Company Overview - Equity LifeStyle Properties, Inc. is a fully integrated owner of lifestyle-oriented properties, owning or having an interest in 455 properties predominantly located in the United States, consisting of 173,340 sites as of July 21, 2025 [5]. Dividend Announcement - The Board of Directors declared a third quarter 2025 dividend of $0.515 per common share, which annualizes to $2.06 per common share [1]. - The dividend is scheduled to be paid on October 10, 2025, to stockholders of record at the close of business on September 26, 2025 [1]. Forward-Looking Statements - The press release includes forward-looking statements that involve estimates, projections, and assumptions regarding future events and the expected effects of acquisitions [2]. - These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed [2][4]. Management and Operations - The company is a self-administered, self-managed real estate investment trust (REIT) headquartered in Chicago [5]. - Management's expectations and beliefs about future events are the basis for the forward-looking statements, which are inherently susceptible to uncertainty and changes in circumstances [4].

Core Viewpoint - Allied Properties Real Estate Investment Trust reported encouraging operational results for Q2 2025, with slight increases in leased area, stable average net rent, accelerated non-core property sales, and progress in balance-sheet management [1]. Operations - Allied's portfolio includes three urban workspace formats: Allied Heritage, Allied Modern, and Allied Flex, with strengthened utilization and demand in Q2 2025. The occupied area was 84.9% and leased area was 87.2% at the end of the quarter [2]. - A total of 588,373 square feet of Gross Leasable Area (GLA) was leased in Q2, with 546,437 square feet from the rental portfolio and 41,936 square feet from the development portfolio [3]. - The average in-place net rent per occupied square foot was $25.32, reflecting a 1.0% increase from the previous year. Renewals accounted for 54% of leases maturing in the quarter [4]. Portfolio Optimization and Non-Core Property Sales - The company is finalizing a large multi-city development pipeline initiated in 2012, with significant progress on properties like 150 West Georgia and KING Toronto [5]. - Allied sold seven non-core properties for $229 million last year and plans to sell additional non-core properties for at least $300 million this year to strengthen its balance sheet [7][8]. - In Q2, Allied closed the sale of a non-core property in Edmonton and has nine non-core properties under contract for approximately $200 million [8]. Balance-Sheet Management - As of the end of Q2, Allied had $120 million drawn on its $800 million unsecured revolving operating facility, with expectations to have no draws by year-end [10]. - The company is committed to maintaining access to debt capital markets and managing its balance sheet effectively [10]. Outlook - Management anticipates steady demand for urban workspace and expects Same Asset NOI growth of approximately 2% in 2025, despite a projected contraction in FFO and AFFO per unit by about 4% due to higher interest costs from acquisitions [11]. - Specific operating goals for year-end 2025 include achieving at least 90% occupied and leased area and selling non-core properties at or above IFRS value [12][15]. Financial Measures - For Q2 2025, rental revenue was $145.045 million, a decrease of 1.2% from $146.750 million in Q2 2024. Operating income was $79.950 million, down 3.0% from the previous year [13]. - The net income (loss) for Q2 2025 was $(94.740) million, compared to $28.062 million in Q2 2024, reflecting a significant decline [25]. - Total assets decreased to $10.416 billion from $10.981 billion year-over-year, a reduction of 5.1% [16].

Core Viewpoint - Community Healthcare Trust Incorporated reported a net loss of approximately $12.6 million, or $0.50 per diluted common share, for the three months ended June 30, 2025, alongside FFO and AFFO of $0.23 and $0.50 per diluted common share, respectively [1][9][12]. Financial Performance - The Company recorded a net loss of $12.6 million for Q2 2025, compared to a net loss of $10.4 million in Q2 2024 [9][10]. - FFO for Q2 2025 was $6.3 million, down from $11.6 million in Q2 2024, while AFFO was $13.6 million compared to $14.3 million in the same period last year [12][10]. - The Company’s revenues for Q2 2025 included rental income of $30.1 million, an increase from $27.9 million in Q2 2024 [9][10]. Operational Highlights - As of June 30, 2025, the Company had investments of approximately $1.2 billion in 200 real estate properties across 36 states, totaling about 4.5 million square feet [3]. - The Company recorded a $1.7 million reserve on interest receivable and an $8.7 million credit loss reserve related to a geriatric behavioral hospital tenant, impacting FFO and AFFO [6][17]. - The Company acquired a behavioral specialty facility for approximately $9.7 million and an inpatient rehabilitation facility for approximately $26.5 million during the second quarter of 2025 [6][10]. Balance Sheet Overview - Total assets as of June 30, 2025, were approximately $966.3 million, down from $992.6 million at the end of 2024 [8]. - Total liabilities increased to $528.5 million from $516.6 million at the end of 2024, with net debt at $500.1 million [8]. - Stockholders' equity decreased to $437.8 million from $476.0 million at the end of 2024 [8]. Dividend Declaration - The Company’s Board of Directors declared a quarterly common stock dividend of $0.4725 per share, payable on August 22, 2025 [6].

Core Viewpoint - Apollo Commercial Real Estate Finance, Inc. reported a net income of $0.12 per diluted share and distributable earnings of $0.26 per diluted share for the quarter ended June 30, 2025, indicating a solid performance in the first half of the year [1][2]. Financial Performance - For the first six months of 2025, the company committed $2.0 billion to new loans, utilizing capital from repayments and management of focus assets [2]. - The company recorded no realized losses in the consolidated statement of operations during the six months ended June 30, 2025 [7]. Distributable Earnings - Distributable Earnings, a non-GAAP financial measure, is defined as net income available to common stockholders adjusted for various non-cash items and unrealized gains or losses [4][6]. - The company believes that Distributable Earnings is a key factor in determining dividends and is useful for investors to evaluate performance [5][6]. Company Overview - Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust (REIT) that primarily focuses on originating, acquiring, and managing commercial first mortgage loans and related debt investments [10]. - The company is externally managed by ACREFI Management, LLC, a subsidiary of Apollo Global Management, which manages approximately $785 billion in assets as of March 31, 2025 [10].