Dec 4, 2025 4:10 PM Eastern Standard Time Boise Cascade Announces CEO Transition Share Nate Jorgensen to retire; Jeff Strom appointed successor Nate Jorgensen, Retiring March 2, 2026 BOISE, Idaho--(BUSINESS WIRE)--Boise Cascade Company ("Boise Cascade†or the "Company†) (NYSE: BCC) announced today that Nate Jorgensen, Chief Executive Officer, plans to retire effective March 2, 2026. The board of directors has unanimously appointed Jeff Strom, Chief Operating Officer, to succeed Jorgensen effective March 3, ...

Core Insights - Ares Management Corporation has launched a new brand, Marq Logistics, to unify its global logistics real estate platforms, managing over 600 million square feet of facilities across the Americas, Europe, and APAC [1][5]. Group 1: Brand and Platform Consolidation - Marq combines Ares' logistics real estate platforms in North America and Europe, including Ares Industrial Management, with the global GLP logistics platform outside of China [2]. - The consolidation follows Ares' acquisition of GLP Capital Partners Limited's international business, which was completed in March 2025 [2]. Group 2: Strategic Goals and Operations - Marq aims to deliver global scale and local operational excellence to logistics tenants, positioning itself as a landlord of choice [3][4]. - The brand is focused on providing best-in-class solutions and a consistent experience for tenants globally [3][5]. Group 3: Company Overview - Ares Management Corporation manages approximately $110 billion in assets as of September 30, 2025, and has a global platform with over $595 billion in assets under management [4][6]. - The company operates across various asset classes, including credit, real estate, private equity, and infrastructure [6].

Core Insights - SmartStop Self Storage REIT, Inc. has acquired a self-storage facility in Winter Garden, Florida, expanding its presence in the Orlando market [1][3] - The facility features approximately 72,100 net rentable square feet and 515 storage units, including climate-controlled and non-climate-controlled options [1] - The acquisition aligns with SmartStop's growth strategy, targeting high-growth areas with strong demographics and significant residential expansion [4] Acquisition Details - The newly acquired facility is located 15 miles west of downtown Orlando, benefiting from high visibility with around 7,900 vehicles passing daily [2] - The surrounding area has a strong median household income and is projected to experience an 8.4% population growth over the next five years [2] - A nearby residential development is expected to add over 42,000 new housing units, further enhancing the market potential [2] Strategic Importance - This acquisition marks SmartStop's fifth location in the Orlando market, reinforcing its footprint in central Florida [3] - The facility will serve several neighborhoods, including Hamlin, Independence, and Horizon West, which are experiencing rapid growth [3] - The President and Chief Investment Officer of SmartStop emphasized the long-term value of the property due to its demographics and ongoing residential expansion [4] Company Overview - SmartStop Self Storage REIT, Inc. is a self-managed real estate investment trust with over 1,000 self-storage professionals [4] - As of November 26, 2025, SmartStop has a portfolio of more than 460 operating properties across 34 states, Washington D.C., and Canada, totaling over 270,000 units and 35 million rentable square feet [4]

Core Points - SITE Centers Corp. announced the sale of Paradise Village Gateway in Phoenix, AZ for $28.5 million, excluding closing costs and adjustments [1] - A portion of the net proceeds from the sale was utilized to repay $24.3 million of mortgage debt [1] Company Overview - SITE Centers Corp. is an owner and manager of open-air shopping centers, operating as a self-administered and self-managed REIT [2] - The company is publicly traded on the New York Stock Exchange under the ticker symbol SITC [2]

Core Points - Ferguson Enterprises Inc. will release its financial results for the quarter ended October 31, 2025, on December 9, 2025 [1][5] - The results will be available on Ferguson's corporate website at 6:45 a.m. ET/11:45 a.m. GMT [1][5] - A conference call and webcast for analysts and investors will take place on the same day at 8:30 a.m. ET/1:30 p.m. GMT [2][5] Company Overview - Ferguson is the largest value-added distributor in the North American construction market, which is valued at $340 billion [3] - The company reported sales of $30.8 billion for FY'25 and employs approximately 35,000 associates across over 1,700 locations [3]

Core Insights - Griffon Corporation reported a fiscal 2025 revenue of $2.5 billion, a 4% decrease from $2.6 billion in the previous year [1] - The company experienced a significant decline in net income, totaling $51.1 million or $1.09 per share, compared to $209.9 million or $4.23 per share in the prior year [2] - Adjusted net income for fiscal 2025 was $263.6 million, or $5.65 per share, an increase from $254.2 million, or $5.12 per share, in the previous year [3] Financial Performance - Fiscal 2025 adjusted EBITDA was $522.3 million, a 2% increase from $513.6 million in the prior year [4] - Fourth quarter revenue was $662.2 million, slightly up from $659.7 million in the same quarter of the previous year [5] - Fourth quarter net income was $43.6 million, or $0.95 per share, down from $62.5 million, or $1.29 per share, in the prior year quarter [6] Segment Performance - Home and Building Products (HBP) revenue for 2025 was $1.6 billion, consistent with the prior year, with a 2% favorable price and mix offset by a 2% decrease in volume [10] - Consumer and Professional Products (CPP) revenue in 2025 was $0.9 billion, a decline of 10% compared to 2024, primarily due to a 12% decrease in volume driven by reduced consumer demand [12] - HBP adjusted EBITDA for 2025 was $494.6 million, a 1% decrease from the previous year, while CPP adjusted EBITDA increased by 18% to $85.5 million [13][10] Cash Flow and Shareholder Returns - The company generated $323 million in free cash flow during the year, which supported the repurchase of 1.9 million shares and regular quarterly dividends [8] - Griffon returned a total of $174 million to shareholders in 2025 through dividends and share repurchases [8] - A 22% increase in the regular quarterly dividend to $0.22 per share was announced, reflecting confidence in the company's strategic plan [9] Balance Sheet and Capital Expenditures - As of September 30, 2025, Griffon had cash and equivalents of $99 million and total debt outstanding of $1.41 billion, resulting in net debt of $1.31 billion [17] - The company reduced its debt by approximately $116 million during the year, improving leverage to 2.4x from 2.6x in the prior year [17] - Capital expenditures for the year were $34.4 million, including $18 million from asset sales [17] 2026 Outlook - For fiscal year 2026, Griffon expects revenue to remain at $2.5 billion and adjusted EBITDA in the range of $580 million to $600 million [20] - The company anticipates HBP and CPP revenue to be in line with 2025, with HBP EBITDA margin exceeding 30% and CPP around 10% [21]

Core Insights - Cemex US has appointed Will Price as Senior Vice President of Mergers & Acquisitions to lead strategic growth initiatives through targeted acquisitions and divestitures [1][2][3] Company Overview - Cemex is a global building materials company with a network in the U.S. that includes 8 cement plants, nearly 50 cement terminals, about 50 aggregate quarries, and over 280 ready-mix concrete plants [5] - The company has been recognized for its sustainability efforts, earning the U.S. EPA ENERGY STAR® Partner of the Year award consecutively since 2019 [5] Leadership and Experience - Will Price has over a decade of experience in strategy and business development, previously serving as Vice President of Corporate Development and Integration at a leading manufacturer of exterior building products, where he managed transactions totaling over $3 billion in enterprise value [2][3] - Price holds a Bachelor of Science in Aerospace Engineering and an MBA in Corporate Finance [3] Strategic Focus - Price emphasized the importance of identifying opportunities that align with Cemex's long-term strategy and deliver value to customers, employees, and communities [4]

Core Points - Watts Water Technologies announced the departure of Chief Financial Officer Ryan Lada to pursue a new opportunity [1][4] - Diane McClintock has been appointed as the new Chief Financial Officer, effective immediately, bringing extensive experience from her previous role as Senior Vice President of FP&A and Investor Relations [2][3] - The transition aims to ensure financial, operational, and strategic continuity within the company [2][3] Leadership Transition - Diane McClintock has been with Watts since 2010 and has played a significant role in the company's growth and financial performance [3] - McClintock expressed her commitment to executing the company's profitable growth strategy and ensuring a smooth transition [3] - The company emphasizes that Lada's departure is for personal reasons and not related to any business or financial issues [4] Company Overview - Watts Water Technologies is a global manufacturer headquartered in the USA, providing a wide range of plumbing, heating, and water quality products [5] - The company serves commercial, residential, and industrial applications with innovative solutions [5]

Core Insights - Comstock Holding Companies, Inc. has signed multiple leases with Booz Allen Hamilton for its global headquarters at Reston Station, covering over 310,000 square feet [1][4][5] - The new headquarters will be located in two LEED Silver Trophy office towers, enhancing the appeal of Reston Station as a prime location for leading employers [3][5] - Reston Station is a significant mixed-use, transit-oriented development in the Mid-Atlantic region, featuring various amenities and housing options for over 2,000 residents [5][7] Company Overview - Comstock is a prominent asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, with a managed portfolio of approximately 10 million square feet at full build-out [7] - The company focuses on urban transformation in key Metro station areas, contributing to the development of large-scale public-private partnerships [7] Development Details - The two office towers at Reston Station are part of a larger development plan, which includes five phases, and are designed by HKS Architects with interior spaces by Michael Graves Architecture [3][5] - The development features a modern, walkable neighborhood with various services, including cafés, restaurants, and fitness facilities, enhancing the work-life balance for Booz Allen's workforce [4][5]

Core Insights - Stratus Properties Inc. reported a net loss of $(5.0) million for Q3 2025, compared to a loss of $(0.4) million in Q3 2024, indicating a significant decline in performance [4] - The company’s revenues for Q3 2025 were $5.0 million, down from $8.9 million in Q3 2024, primarily due to no real estate sales during the quarter [4][8] - Stratus is exploring cash utilization strategies following the anticipated sale of Lantana Place – Retail for approximately $57.4 million, which is expected to close in Q4 2025 [3][30] Financial Performance - Net loss attributable to common stockholders for the first nine months of 2025 was $(7.6) million, compared to a net income of $2.5 million in the same period of 2024 [4] - Total revenues for the first nine months of 2025 were $21.6 million, down from $43.9 million in the first nine months of 2024, largely due to reduced real estate sales [4][8] - EBITDA for the first nine months of 2025 was $(8.0) million, compared to $3.9 million in the same period of 2024 [4] Cash and Liquidity - As of September 30, 2025, Stratus had $55.0 million in cash and cash equivalents, a significant increase from $20.2 million at the end of 2024 [9] - The company’s consolidated debt totaled $203.9 million as of September 30, 2025, compared to $194.9 million at the end of 2024 [9][10] Development and Operations - The lease-up of The Saint George is progressing, and the company is preparing for homebuilding at Holden Hills Phase 1 in 2026 [5] - Stratus has incurred capital expenditures of $28.6 million for the first nine months of 2025, primarily related to ongoing developments [11] Share Repurchase Program - As of November 7, 2025, Stratus has repurchased 180,899 shares at an average price of $21.59 per share, with $21.1 million remaining under its $25.0 million share repurchase program [12]