Key Takeaways Appian beats Q4 estimates with 15-cent EPS and 22% revenue growth to $202.9M.APPN's subscription revenues rose 19%, while services revenues jumped 36% Y/Y.Appian guides for up to 21% Q1 cloud growth and up to $817M in 2026 revenues.Appian (APPN) reported fourth-quarter 2025 non-GAAP earnings of 15 cents per share, surpassing the Zacks Consensus Estimate by 59.57% and decreasing 16.7% year over year.Revenues of $202.9 million increased 22% year over year and beat the consensus mark by 7.28%.  A ...

Key Takeaways Array Technologies is expected to post a 23.7% revenue drop and breakeven Q4 earnings.ARRY's backlog, APA acquisition and higher volumes may support results despite delays.Array Technologies trades below industry P/E, but policy risks cloud near-term outlook.Array Technologies, Inc. (ARRY) is expected to witness a decline in its top and bottom lines when it reports fourth-quarter 2025 results. The Zacks Consensus Estimate for ARRY’s fourth-quarter revenues is pegged at $210 million, indicating ...

当地时间2月20日，美国财政部外国资产控制办公室宣布将塞尔维亚石油公司的运营许可证延长至3月20 日。 2025年1月10日，美国对塞尔维亚石油公司实施制裁，要求俄方股东退出该公司，后制裁多次被推迟， 直至10月9日，美方制裁正式生效。此后，塞尔维亚石油公司旗下唯一活跃的潘切沃炼油厂一度停产， 给塞能源市场带来巨大压力。12月31日，美国决定将塞尔维亚石油公司的运营许可证延长至2026年1月 23日。此前一周，美国向塞石油公司颁发特别许可，允许该公司将出售俄罗斯股份的谈判期限延长至 2026年3月24日。 匈牙利石油和天然气公司与俄罗斯天然气工业股份公司在1月19日就塞尔维亚石油公司俄方股份收购达 成初步协议。此次交易需获得美国财政部外国资产控制办公室以及塞尔维亚国家监管机构的批准。双方 计划在3月31日前正式签署买卖协议。 美方曾于2025年12月31日、2026年1月23日两次延长塞石油公司运营许可。 （文章来源：央视新闻） ...

The cannabis-focused real estate investment trust is scheduled to report fourth-quarter earnings on Feb. 23.Innovative Industrial Properties (IIPR 1.92%), the nation's largest cannabis-focused real estate investment trust (REIT), has been a nightmare for its shareholders for some time now. The stock is down by more than 79% over the past five years and off by more than 37% in the past year alone. The REIT is scheduled to report its fourth-quarter results on Feb. 23. If you're thinking about buying this beat ...

来源：滚动播报 特朗普：（新的）美联储主席上任后利率应该会下降。 ...

美联储洛根：我确实认为当前政策处于有利位置，不想对未来的政策行动进行猜测。 来源：滚动播报 ...

Core Insights - Lamar Advertising Company reported an EPS of $1.50, which fell short of the estimated $2.18, but its revenue of approximately $596 million slightly exceeded the estimated $593 million [1][6] Financial Performance - The company reported quarterly funds from operations (FFO) of $2.24 per share, surpassing the Zacks Consensus Estimate of $2.18 per share, marking a 2.75% FFO surprise [2][6] - For the quarter ending December 2025, Lamar's revenues of $596 million represented a 2.5% increase from $579.57 million in the same period last year, despite falling short of the Zacks Consensus Estimate by 0.24% [3] - Over the past year, Lamar achieved net revenues of $2.27 billion, with a net income of $593.1 million and an adjusted EBITDA of $1.06 billion [3] Management Outlook - CEO Sean Reilly expressed optimism about the company's performance, citing strong sales momentum in both local and national markets, and projected a full-year diluted AFFO per share range between $8.50 and $8.70 [4][6] Valuation Metrics - Lamar has a price-to-earnings (P/E) ratio of approximately 22.91, a price-to-sales ratio of about 5.95, an enterprise value to sales ratio of around 5.92, and an enterprise value to operating cash flow ratio of approximately 15.52 [5]

CoreWeave has pioneered the neocloud boom by renting artificial-intelligence infrastructure to some of the biggest names in tech. But its reliance on private credit financing could be a looming issue. ...

Financial Data and Key Metrics Changes - The company reported a Core FFO growth of 2.5% in Q4 2025 and 1.1% for the full year, despite challenging operating conditions [5] - Same-store revenue growth returned to positive at 0.4% in Q4 2025, compared to only two markets achieving this in Q4 2024 [5] - Same-store NOI growth was 0.1% for the quarter, with operating expenses increasing only 1.1% [9][10] Business Line Data and Key Metrics Changes - The company strategically repurchased approximately $141 million of common shares and closed on 27 operating stores for $305 million, totaling 69 stores for $826 million for the year [6] - The company added 379 stores and 281 net new stores to its managed portfolio, bringing the total to 1,856 stores [7] Market Data and Key Metrics Changes - In Q4 2025, 16 of the top 20 markets experienced positive year-over-year move-in rates, contributing to revenue growth [5] - As of mid-February 2026, occupancy was at 92.5%, down 40 basis points year-over-year, while rates for new customers increased slightly over 6% [20] Company Strategy and Development Direction - The company aims to capitalize on improving market fundamentals and expects gradual performance acceleration in 2026 [8] - The focus remains on a diversified external growth platform, with most acquisitions expected to be in joint venture formats to enhance returns [30] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the recovery in storage fundamentals, with guidance for 2026 same-store revenue ranging from -0.5% to +1.5% [11] - The company does not anticipate significant changes in the housing market or pricing restrictions in Los Angeles County affecting operations [11] Other Important Information - The company maintains a strong balance sheet with 93% of total debt at fixed rates and a weighted average interest rate of 4.3% [10] - Management highlighted the importance of job growth and supply dynamics as key drivers for the storage industry [43] Q&A Session Summary Question: Same-store revenue guidance and expectations - Management indicated that the midpoint of guidance implies generally flat same-store revenue growth, with potential for acceleration or deceleration based on market conditions [16][18] Question: Trends in street rates - Management confirmed that trends observed in Q4 2025 continued into early 2026, with positive signals in occupancy and new customer rates [20] Question: Expense guidance and confidence - Management attributed lower expense growth expectations to normalizing property taxes and improved efficiencies in other areas [25][28] Question: Acquisition volume guidance - Management clarified that most acquisitions in 2026 will be in joint venture formats to enhance returns, leading to a lower guidance number compared to previous years [30] Question: Regulatory environment impact - Management noted that recent regulatory changes in California have not significantly affected leasing activity, and they remain prepared to address potential regulatory challenges [41][51] Question: Discounting strategy and promotional environment - Management explained that their discounting strategy is channel-based and will remain unchanged unless data indicates a need for adjustment [64] Question: Use of AI in operations - Management discussed the integration of AI in pricing models and marketing strategies, emphasizing its potential to enhance operational efficiency [67] Question: Future of store managers - Management affirmed the importance of store managers in customer interactions and asset management, indicating no plans to eliminate these roles [96][98]

Financial Data and Key Metrics Changes - The company reported a positive Core FFO growth of 2.5% in Q4 2025 and 1.1% for the full year, despite challenging operating conditions [5] - Same-store revenue growth returned to positive at 0.4% in Q4 2025, compared to only two markets achieving this in Q4 2024 [5] - Same-store NOI growth was 0.1% for the quarter, with operating expenses increasing only 1.1% [9][10] Business Line Data and Key Metrics Changes - The company strategically repurchased approximately $141 million of common shares and closed on 27 operating stores for $305 million, totaling 69 stores for $826 million for the year [6] - The managed portfolio grew to 1,856 stores, with 379 stores added and 281 net new stores for the year [7] Market Data and Key Metrics Changes - In Q4, 16 of the top 20 markets experienced positive year-over-year move-in rates, contributing to revenue growth [5] - As of mid-February 2026, occupancy was at 92.5%, down 40 basis points year-over-year, while rates for new customers increased slightly over 6% [20] Company Strategy and Development Direction - The company aims to capitalize on improving market fundamentals and expects gradual performance acceleration in 2026 [8] - The strategy includes a focus on joint ventures for acquisitions to enhance returns and maintain a conservative balance sheet [30] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the recovery in storage fundamentals, with guidance for same-store revenue growth in 2026 ranging from -0.5% to +1.5% [11] - The company does not anticipate significant changes in the housing market or pricing restrictions in Los Angeles County impacting their outlook [11] Other Important Information - The company has a strong balance sheet with 93% of total debt at fixed rates and a weighted average interest rate of 4.3% [10] - Management highlighted the importance of job growth and supply dynamics as key drivers for the storage industry [44] Q&A Session Summary Question: Same-store revenue guidance and trends - Management indicated that the midpoint of guidance implies generally flat same-store revenue growth, with potential for both acceleration and deceleration depending on market conditions [16][17] Question: Update on street rate trends - Management confirmed that trends from Q4 continued into early 2026, with positive signals in occupancy and new customer rates [20] Question: Confidence in lower expense guidance - Management attributed lower expense guidance to normalizing property taxes and improved efficiencies in other areas [26][28] Question: Acquisition volume guidance - The company expects most acquisitions in 2026 to be in joint venture formats to enhance returns, with flexibility to adjust guidance based on market opportunities [30] Question: Impact of regulatory changes in California - Management noted that recent legislation did not significantly affect leasing activity, as their disclosure practices were already robust [42] Question: Interplay between rate and occupancy - Management clarified that pricing decisions are made dynamically based on occupancy and market conditions, rather than a fixed strategy [50] Question: ECRI strategy and customer behavior - Management did not disclose specifics on ECRI contributions but indicated that it remains a competitive advantage [82] Question: Supply expectations and market exposure - Management expects a modest reduction in new store deliveries, particularly in oversupplied markets, based on internal and external data sources [88][89]