Core Viewpoint - Kaldalón hf. demonstrated strong performance in 2025, achieving significant growth in operating revenues and profits, while maintaining a positive outlook for 2026 [3][14]. Financial Performance - Operating revenues for 2025 reached ISK 5,598 million, compared to ISK 4,508 million in 2024 [2]. - Operating profit before fair value adjustments increased to ISK 4,387 million from ISK 3,548 million year-on-year [2]. - Profit before tax decreased to ISK 3,525 million from ISK 4,311 million in the previous year [2]. - The cash balance at the end of the period was ISK 1,090 million, down from ISK 1,727 million in 2024 [2]. - The return on equity was 12.5%, a decline from 13.3% in 2024 [2]. Growth Strategy - The company is on track to achieve its target of a ISK 100 billion property portfolio, with operating profit and rental income increasing by 24% year-on-year [7]. - Kaldalón invested approximately ISK 8 billion in property acquisitions and development during the year [11]. - The company has a relatively young property portfolio, with ongoing construction projects to meet stable demand for commercial properties [12][14]. Market Position and Outlook - Kaldalón's operating outlook for 2026 is positive, with expected operating revenues between ISK 6,200 million and ISK 6,350 million [15]. - The forecast assumes a 4.3% year-on-year inflation rate and a comparable occupancy ratio [15]. - The company plans to propose a dividend payment of ISK 1,000 million to shareholders for the financial year [17]. Financing and Debt Management - The company has shifted from bank financing to market-issued bonds, with approximately 36% of interest-bearing debt financed by banks at year-end [10]. - Inflation-indexed average interest rates declined by 8% year-on-year, contributing to improved performance [10].

PERFORMANCE UPDATE 2025 Full Year Highlights We generated $1.6 billion ($0.67/share) of Distributable Earnings ("DE") during the quarter and $6.0 billion ($2.54/share) for the year. Record Deployable Capital $6B 11% $188B Annual Growth in DE Before Realizations Distributable Earnings ("DE") DE before realizations were $1.5 billion ($0.63/share) for the quarter and $5.4 billion ($2.27/share) for the year, representing growth of 11% per share over the prior year. Asset Management Wealth Solutions Operating Bu ...

Q4 2025 Financial Supplement February 2026 Safe Harbor Statement Non-GAAP Financial Measures - To supplement Rayonier's financial statements presented in accordance with generally accepted accounting principles in the United States ("GAAP"), Rayonier uses certain non-GAAP measures, including "cash available for distribution," "pro forma sales," "pro forma operating income (loss)," "pro forma net income," and "Adjusted EBITDA," which are defined and further explained in this communication. Reconciliation of ...

Group 1: Company Updates - Palo Alto Networks has completed its acquisition of CyberArk for $45 per share in cash and 2.2005 shares of Palo Alto stock [1] - Millrose Properties is set to release its fourth-quarter financial results on February 26 [2] - Visa reported quarterly earnings of $3.17 per share, exceeding the consensus estimate of $3.14, with quarterly revenue of $10.9 billion, surpassing the Street estimate of $10.69 billion [3] - Apple reported fiscal first-quarter revenue of $143.76 billion, beating analyst estimates of $138.42 billion, and earnings of $2.84 per share, exceeding estimates of $2.66 per share [4] Group 2: Stock Performance - Palo Alto shares fell 0.1% to close at $165.30 [5] - Millrose Properties shares gained 1.1% to close at $31.84 [5] - Visa shares gained 0.3% to settle at $329.24 [5] - Apple shares gained 0.7% to settle at $275.50 [5]

在多地进一步明确政策方向的同时，已有多个城市率先突破，正式官宣"下场收房"，推出具备可操作性 的收购方案、明确收购标准与资金来源，形成了一批可复制、可推广的实践案例，推动存量房收购走向 实际落地。 随着2026年各地两会相继落幕，地方政府对房地产市场的调控方向逐渐清晰。南都湾财社记者注意 到，"收购存量商品房用于保障性住房、安置房等"成为多地2026年政府工作报告中的高频部署，彰显了 各地稳市场、去库存、强保障的坚定决心。 与此同时，上海、济南、海口等多个城市在年内已率先官宣"下场收房"，推出具体实操举措，推动存量 房资源盘活，助力房地产市场平稳健康发展。 多地部署存量房收购工作 近期，包括河南、广东、重庆在内的多个省份及城市，在2026年政府工作报告或相关会议中明确提及收 购存量商品房相关工作。 2月10日，鞍山市在发布的2026年政府工作报告中明确披露，2025年该市开展商品房去库存攻坚行动， 成功收购存量房1847套，实施房票安置573套，推动商品房去化周期降至合理区间；2026年，该市计划 持续发力，收购存量商品房510套，同步改造危旧房2106套，进一步巩固去库存成果、完善住房保障体 系。 省级层面 ...

Core Viewpoint - Icahn Enterprises L.P. will hold a webcast to discuss its fourth quarter 2025 earnings results on February 25, 2026, at 10:00 a.m. Eastern Time [1] Group 1: Company Overview - Icahn Enterprises L.P. is a diversified holding company structured as a master limited partnership, operating in seven primary business segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma [1] Group 2: Financial Information - The indicative net asset value of Icahn Enterprises was approximately $3.8 billion as of September 30, 2025, reflecting an increase of $567 million compared to June 30, 2025 [1]

来源：市场资讯 （来源：DOLC） 买房看现状就下手？对很多人来说，购买房产是人生中最大的一笔投资之一。如果准备不足，隐藏的风险很可能在签约后才浮 出水面。因此，在正式签署购房合同之前，务必要做好一系列细致而关键的检查。 购买一套二手房，绝不是顺手为之的小事。房屋资料和建筑本身的状况，都需要在签字前认真核查，否则可能面临严重的经济 损失和无尽的麻烦。然而，现实中仍有不少购房者过于依赖"直觉"，对房屋本身反而缺乏足够重视。德国律师协会建筑与房地 产法工作组的律师托比亚斯·胡勒曼指出："有些人花在挑选新厨房上的心思，甚至比买整套房子还多。" 以下八条建议，能帮助你在购房决策时少走弯路、不踩大雷。 建议一：请独立专家进行全面看房 房地产专家、专业书籍作者彼得·布尔克表示，房屋的技术状况是购房中最大的风险点之一。非专业人士往往难以判断房屋真实 的结构和技术状态。 他建议，购房者应尽可能在早期就请一位独立的房屋鉴定专家，并提前为此预留预算。专家可以评估未来可能产生的维修和翻 新成本，甚至判断这套房子是否值得购买。"一旦你知道供暖系统老化，或屋顶结构存在房屋真菌问题，看房时的心态会完全不 同。" 建议二：仔细核查房产相关 ...

Core Viewpoint - The company faces multiple challenges impacting its near-term outlook, leading to a cautious stance from analysts despite potential upside from a housing market recovery [1][8]. Margin Outlook And Earnings Power - Excluding legal expenses, the company could show significant improvement in incremental margins, with a potential upside risk from a housing market recovery [2] - Incremental margins are projected at approximately 50% in 2025 without legal costs, while including these costs, margins are expected to be in the 30%-40% range for the third consecutive year [3] - By 2027, as legal costs decline, adjusted EBITDA margins could normalize to around 60%, restoring the company's profitability profile prior to its iBuying expansion [4] Revenue Growth And Housing Market Catalyst - Revenue growth is expected to slow from 16% in 2026 to 11% in 2027, but stronger performance could lead to higher adjusted EBITDA due to fixed-cost leverage [5] - A return to mid-cycle levels in the housing market is seen as a significant revenue catalyst, although any recovery is anticipated to be gradual rather than sharp [5] Private Listing Networks And Competitive Risks - Management believes private listing networks account for less than 1% of total listings and currently do not materially impact the business [6] - Despite the immaterial immediate revenue impact, structural uncertainty from these networks could affect the stock's valuation multiple [6] Quarterly Results And Guidance Shortfall - The fourth-quarter adjusted EBITDA was 2% below estimates due to weaker margins, and first-quarter guidance was 5% below projections primarily due to higher costs, including legal expenses [7] - Full-year 2026 estimates were only reduced by 1%, reflecting improved expectations for the second half of 2026 [7] Overall Outlook - Improving operating leverage and a housing recovery are seen as potential upside drivers, but legal costs and evolving competitive dynamics warrant a cautious approach [8]

RT Giacomo Tognini (@giacomotognini)Real estate billionaire Mitch Morgan started buying apartment buildings in 1985 and built Morgan Properties, one of America’s largest apartment owners. Now he’s passing the mantle to his two sons, who are taking over as co-CEOs. Read at @forbes:https://t.co/igmxjiSwgO ...

Core Viewpoint - Cousins Properties (CUZ) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system tracks the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years, highlighting the importance of earnings revisions in stock valuation [1][4]. - A change in a company's future earnings potential, as indicated by earnings estimate revisions, is strongly correlated with near-term stock price movements, particularly due to institutional investors adjusting their valuations based on these estimates [4][5]. Cousins Properties Specifics - For Cousins Properties, the Zacks Consensus Estimate for the fiscal year ending December 2026 is projected at $2.93 per share, showing no year-over-year change, but estimates have increased by 1% over the past three months [8]. - The upgrade to Zacks Rank 2 places Cousins Properties in the top 20% of Zacks-covered stocks, suggesting a favorable outlook for stock price movement in the near term [10]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [7]. - The system maintains a balanced distribution of ratings, ensuring that only the top 5% of stocks receive a "Strong Buy" rating, indicating a robust earnings estimate revision feature [9][10].