Workflow
icon
Search documents
Skip the Reservation: Kroger Makes Valentine's Day Special with Surf and Turf Savings
Prnewswire· 2026-02-10 18:00
Skip the Reservation: Kroger Makes Valentine's Day Special with Surf and Turf Savings [Accessibility Statement] Skip NavigationRetailer shares expert meat and seafood tips, special offers for date night at homeCINCINNATI, Feb. 10, 2026 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today announced its bringing date night home with a romantic and delicious Surf and Turf dinner, perfect for lovebirds to celebrate Valentine's Day without the hassle of a reservation. Customers can also get special gifts delivered st ...
PennantPark Investment (PNNT) - 2026 Q1 - Earnings Call Transcript
2026-02-10 18:00
Financial Data and Key Metrics Changes - For the quarter ended December 31st, core net investment income was $0.14 per share, while GAAP net investment income was $0.11 per share [5][14] - The NAV as of December 31st was $7 per share, down 1.5% from $7.11 per share in the prior quarter [15] - The debt-to-equity ratio was reported at 1.3x [15] Business Line Data and Key Metrics Changes - The company fully exited its equity investment in JF Holdings, receiving total proceeds of $68 million and generating a realized gain of $63 million [6] - The portfolio totaled $1.2 billion, with $115 million invested in three new and 51 existing portfolio companies during the quarter [11] - The joint venture (JV) portfolio totaled $1.4 billion, with an average net investment income yield of 16.4% over the last 12 months [12] Market Data and Key Metrics Changes - The median leverage across the portfolio was 4.5 times, with median interest coverage of 2.1 times [7] - The weighted average yield on debt investments was 10.9%, with 89% of the debt portfolio being floating rate [16] Company Strategy and Development Direction - The company aims to reduce total equity exposure and focus on generating current income through new investments [6][11] - The current market environment is seeing an increase in M&A activity, which is expected to drive repayments of existing portfolio investments [7] - The company emphasizes maintaining strong private equity sponsor relationships and disciplined underwriting as competitive advantages [7] Management's Comments on Operating Environment and Future Outlook - Management noted that the current environment favors lenders with strong relationships and disciplined underwriting, which aligns with the company's strategy [7] - The company remains committed to capital preservation and delivering compelling risk-adjusted returns through stable income generation [12] - Management expressed optimism about the ongoing M&A activity in sectors like military, defense, and healthcare, which are expected to perform well [30] Other Important Information - The company plans to maintain the supplemental dividend of $0.04 per share through December 2026, supported by $41 million of undistributed spillover income [5][6] - The company has a rigorous underwriting process, with nearly all originated first-lien loans including meaningful covenant protections [10] Q&A Session Summary Question: Clarification on the supplemental dividend - Management confirmed that the $0.04 supplemental dividend will remain in place through December 2026 [20] Question: One-time expenses related to new bond issuance - Management stated there will be no one-time expenses related to the new debt issuance, as fees will be capitalized and amortized [21] Question: AI as a risk or opportunity for borrowers - Management indicated that AI could present both risks and opportunities, emphasizing the importance of investing in companies with strong customer relationships and defensible market positions [24][25] Question: Potential for additional meaningful exits in equity rotation - Management remains optimistic about M&A activity and believes there are still opportunities for exits in the current year [28][30] Question: Adjusting dividends and stock repurchase - Management explained the decision to maintain dividends over time to preserve credit ratings and manage leverage, while also considering stock buybacks [34][35] Question: Competitive landscape and cost of capital - Management acknowledged the competitive landscape and emphasized the importance of reducing equity exposure while managing the JV effectively [44][47]
Honda Marine Appoints Joshua Matthews as Division Director
Globenewswire· 2026-02-10 18:00
Honda Marine announces the appointment of Joshua Matthews as Division Director, Honda Marine, succeeding Daniel Sherlock.Matthews embraces his new role at Honda, focused on strengthening dealer and customer and relationships, leading high-performing teams, and elevating product quality. ALPHARETTA, Ga., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Honda Marine, a division of Honda Power Sports & Products and marketer of a comprehensive range of marine outboard motors, announces the appointment of Joshua (Josh) Matthew ...
Ares mercial Real Estate (ACRE) - 2025 Q4 - Earnings Call Transcript
2026-02-10 18:00
Financial Data and Key Metrics Changes - For the full year 2025, the company reported a GAAP net loss of $1 million or $0.02 per diluted common share, and a distributable earnings loss of $7 million or $0.12 per diluted common share [12] - In Q4 2025, the company reported a GAAP net loss of approximately $4 million or $0.07 per diluted common share, while distributable earnings were approximately $8 million or $0.15 per diluted common share, including a realized gain of $2 million [12][13] - The net debt-to-equity ratio at the end of Q4 was 1.6 times, an increase from 1.1 times in the previous quarter [13][42] Business Line Data and Key Metrics Changes - The company reduced office loans by 30% since year-end 2024 to $447 million, representing 28% of the total loan portfolio, down from 38% at the end of Q3 2025 [5][15] - New loan commitments in Q4 totaled $393 million, contributing to a total loan portfolio of $1.6 billion, a 24% increase from Q3 2025 [13][14] - The company closed 13 new loan commitments totaling $486 million in the second half of 2025, with over 50% collateralized by residential and industrial properties [9] Market Data and Key Metrics Changes - The Ares Real Estate debt platform originated over $9 billion globally in new commitments in 2025, nearly double the amount from 2024 [10] - The company anticipates that the trajectory of earnings may be uneven depending on the resolution of asset issues, but remains confident in its earnings potential [10] Company Strategy and Development Direction - The company aims to address risk-rated 4 and 5 loans while reducing office and REO assets, focusing on portfolio reshaping and investment activity [5][10] - The board declared a regular cash dividend of $0.15 per common share for Q1 2026, reflecting confidence in the execution of the business plan [10][20] - The company is focused on maintaining moderate leverage and ample liquidity, with available capital exceeding $100 million [5][19] Management's Comments on Operating Environment and Future Outlook - Management noted that the commercial real estate market experienced a transition in 2025, with improved conditions in the second half of the year due to easing monetary policy [4] - The company is optimistic about the potential for earnings growth and the resolution of remaining risk-rated loans, despite acknowledging that the timeline for asset resolutions is somewhat outside of their control [21][30] Other Important Information - The total CECL reserve at year-end 2025 was $127 million, representing approximately 8% of the total outstanding principal balance of loans held for investment [18] - The company has increased its borrowing capacity by $250 million and reduced borrowing costs through various actions [19] Q&A Session Summary Question: When will Brooklyn start receiving repayments for the condo project? - Management hopes to see a smooth sales process in the second half of 2026, with proceeds expected to pay down debt [23][24] Question: What is the current debt yield for the Chicago office asset? - Management indicated that while they have not provided a specific yield, the asset's occupancy and lease duration provide some patience for resolution [25][26] Question: Where do you see office exposure balanced by the end of 2026? - The focus remains on resolving risk-rated 4 and 5 loans, with expectations for a more regular cadence of asset repayments moving forward [29][30] Question: Where are the most attractive risk-adjusted returns currently? - Management noted a broad spectrum of opportunities across sectors, with a focus on logistics, industrial, and multifamily segments [34][35] Question: How much higher is ACRE's leverage expected to trend throughout 2026? - Management expects leverage to max out around 2.0 times in the near term, with a long-term target of 3.0 times [41][42] Question: What is the target portfolio size? - Management indicated that achieving a 3.0 debt-to-equity ratio would imply a loan portfolio size of about $2 billion [56]
Cracker Barrel Welcomes Spring with New Dishes and the Return of Classic Comforts
Prnewswire· 2026-02-10 18:00
Cracker Barrel Welcomes Spring with New Dishes and the Return of Classic Comforts [Accessibility Statement] Skip NavigationBeloved, craveable favorites and thoughtful seasonal additions keep Cracker Barrel feeling like homeLEBANON, Tenn., Feb. 10, 2026 /PRNewswire/ -- This spring, [Cracker Barrel Old Country Store] is welcoming guests in with the comfort they know by heart. As families look for places that still feel warm, familiar and dependable, Cracker Barrel is welcoming them in with a seasonal menu bui ...
Kilroy Realty(KRC) - 2025 Q4 - Earnings Call Presentation
2026-02-10 18:00
Kilroy Realty Supplemental Financial Report Q4 2025 Where Innovation Works KILROY REALTY CORPORATION REPORTS FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS --------------- LOS ANGELES, February 9, 2026 - Kilroy Realty Corporation (NYSE: KRC) ("Kilroy" or the "Company") today reported financial results for the fourth quarter and full year ended December 31, 2025. "Our strong performance in the fourth quarter capped off an exceptional year of execution by the entire Kilroy Team," said Angela Aman, Chief Execu ...
Becton, Dickinson and Company Announces Tender Offers for Outstanding Debt Securities
Prnewswire· 2026-02-10 18:00
BD does not intend to update any forward-looking statements to reflect events or circumstances after the date hereof, except as required by applicable laws or regulations.SOURCE BD (Becton, Dickinson and Company)## 21%[more press release views with Request a Demo]## Also from this source### BD Completes Combination of Biosciences & Diagnostic Solutions Business with Waters Corporation[BD (Becton, Dickinson and Company) (NYSE: BDX) today announced the successful completion of the previously announced spin-of ...
UDR(UDR) - 2025 Q4 - Earnings Call Transcript
2026-02-10 18:00
UDR (NYSE:UDR) Q4 2025 Earnings call February 10, 2026 12:00 PM ET Speaker2Good evening and welcome to UDR's fourth quarter and full year 2025 earnings call. At this time, all lines are placed on mute to prevent any background noise. A question-and-answer session will follow the formal presentation. If you should need operator assistance during the call, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Vice Presi ...
Record Resources sets sights on Gabon as global oil ambitions take shape
Proactiveinvestors NA· 2026-02-10 17:59
Record Resources Inc (TSX-V:REC) is making a deliberate move onto the global oil and gas stage, anchored by a large, high-potential offshore asset in one of West Africa’s most established petroleum provinces. At the center of the strategy is Gabon, a country that Record Resources president and COO Alain Mizelle calls “one of the last unexplored, well-rich regions of the world.” The company’s September 2025 entry into the offshore Ngulu Block via a strategic joint venture with Reconnaissance Energy Africa ma ...
Encompass Health: Structural Advantages In A Fragmented Market
Seeking Alpha· 2026-02-10 17:58
While many segments of the healthcare services space trade on speculative disruption or unpredictable reimbursement dynamics, Encompass Health ( EHC ) provides a sustainable growth story of structural permanence. Not only is Encompass the largest providerI am an investor specializing in the consumer products sector with a focus on identifying companies that offer a unique combination of strong brand recognition, solid financials, and growth potential. I have a keen eye for consumer trends and an in-depth un ...