Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman and CEO Stavros Gyftakis - CFO Conference Call Participants Mark Reichman - Noble Capital Markets Lars Eide - Arctic Securities Tate Sullivan - Maxim Group Operator Thank you for standing by, ladies and gentlemen, and welcome to the Seanergy Maritime Holdings Corp. Conference Call on the Third Quarter and Nine Months Ended September 30, 2024, Financ ...

Patria Investments Limited (NASDAQ:PAX) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Rob Lee - Head, Shareholder Relations Alex Saigh - Chief Executive Officer Ana Russo - Chief Financial Officer Conference Call Participants Craig Siegenthaler - Bank of America Beatriz de Abreu - Goldman Sachs Ricardo Buchpiguel - BTG Pactual Guilherme Grespan - JPMorgan William Barranjard - Itau BBA Operator Good day and thank you for standing by. Welcome to the Patria Third Quarter 202 ...

Regal Rexnord Corporation (NYSE:RRX) Q3 2024 Earnings Call Transcript November 5, 2024 10:00 AM ET Company Participants Rob Barry - IR Louis Pinkham - CEO Rob Rehard - CFO Conference Call Participants Mike Halloran - Baird Jeff Hammond - KeyBanc Capital Markets Julian Mitchell - Barclays Nigel Coe - Wolfe Research Joe Ritchie - Goldman Sachs Christopher Glynn - Oppenheimer Operator Good morning and welcome to Regal Rexnord Third Quarter 2024 Earnings Call. All participants will be in listen-only mode. [Oper ...

Realty Income Corporation (NYSE:O) Q3 2024 Results Conference Call November 5, 2024 2:00 PM ET Company Participants Kelsey Mueller - Vice President, Investor Relations Sumit Roy - President & Chief Executive Officer Jonathan Pong - Chief Financial Officer & Treasurer Conference Call Participants John Kilichowski - Wells Fargo Greg McGinniss - Scotiabank Brad Heffern - RBC Capital Markets Smedes Rose - Citigroup Jay Kornreich - SMBC Haendel St. Juste - Mizuho Spenser Allaway - Green Street Advisors Upal Rana ...

Hyster-Yale, Inc. (NYSE:HY) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Christina Kmetko - Investor Relations Rajiv Prasad - President & Chief Executive Officer Scott Minder - Senior Vice President, Chief Financial Officer & Treasurer Al Rankin - Executive Chairman Conference Call Participants Chip Moore - ROTH Ted Jackson - Northland Securities Kirk Ludtke - Imperial Capital Operator Good morning, ladies and gentlemen. Welcome to the Hyster-Yale Materials Handling Thi ...

Diversified Healthcare Trust (NASDAQ:DHC) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Melissa McCarthy - Manager, IR Chris Bilotto - President & CEO Matthew Brown - CFO Conference Call Participants Bryan Maher - B. Riley FBR Justin Haasbeek - RBC Capital Markets Operator Good morning, and welcome to the Diversified Healthcare Trust Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentati ...

Viper Energy, Inc. (NASDAQ:VNOM) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Adam Lawlis - Vice President-Investor Relations Travis Stice - Chief Executive Officer Austen Gilfillian - Vice President Conference Call Participants Neal Dingmann - Truist Securities Betty Jiang - Barclays Leo Mariani - ROTH Operator Good day, and thank you for standing by. Welcome to the Viper Energy Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen ...

HighPeak Energy, Inc. (NASDAQ:HPK) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Steven Tholen - Chief Financial Officer Jack Hightower - Chairman and Chief Executive Officer Michael Hollis - President Conference Call Participants John White - ROTH MKM Capital Jeffrey Robertson - Water Tower Research Operator Good day and thank you for standing by. Welcome to the HighPeak Energy 2024 Third Quarter Earnings Conference Call. [Operator Instructions] Please be advised that t ...

Financial Data and Key Metrics - Core FFO guidance for 2024 increased to $11.04 per share, implying a peer-leading 3.9% core FFO growth rate [18] - Same-store revenue growth expected at 3.5%, with same-store NOI guidance increased to 3% for 2024 [18] - Economic occupancy increased from mid-summer lows and expected to remain stable in Q4 [20] - Average asking rent for the same-store portfolio was approximately 3% higher than the same date last year, with the East Coast up 4% and the West Coast up 2% [22] Business Line Performance - Portfolio now 73% suburban, up from 70% last year, with 10% allocation to expansion regions [9][10] - Development starts for 2024 increased to nearly $1.1 billion, with a projected initial stabilized yield of 6.3% [12] - AvalonConnect and AI utilization driving $37 million in incremental NOI towards an $80 million target [8] Market Performance - Established coastal regions expected to see new deliveries of 1.4% of existing stock in 2025, lower than the Sunbelt's 2.4% [26] - Suburban deliveries expected to be roughly 1% of stock in 2025, benefiting the same-store portfolio [27] - Rent-to-income ratios in established coastal regions are about 10% below 2020 levels, indicating potential for higher rent capacity [24] Strategic Direction and Industry Competition - Focus on transforming the operating model, optimizing portfolio growth, leveraging development capabilities, and ensuring cost-effective capital access [6][14] - Development yields outperformed original underwriting by 50 basis points, achieving a 6.5% yield [11] - Strong balance sheet with $850 million in forward equity activity at an implied initial cost of approximately 5% [14] Management Commentary on Operating Environment and Future Outlook - Management expects healthy job and wage growth, along with unaffordable for-sale housing alternatives, to support steady demand for apartment homes in 2025 [23] - Operating expense pressures expected to moderate in 2025, with insurance costs projected to be in the mid to high single-digit range [59][61] - Development activity expected to increase in 2025, with potential start volumes of around $1.5 billion [48] Other Important Information - AvalonBay's build-to-rent (BTR) strategy includes townhome communities, with a focus on acquisitions and leveraging existing operating expertise [103][105] - Insurance costs expected to stabilize, with property insurance renewals flat in May 2024, leading to lower growth rates in 2025 [55][59] - Bad debt improvement expected to continue, with underlying bad debt projected to improve by 60 basis points from 2023 to 2024 [28] Q&A Summary Question: Supply risk and Sunbelt concentration [34] - Deliveries in established coastal regions expected to trend down over the next few years due to challenging development climate and reduced starts activity [37] - Sunbelt projects underwriting yields around 6%, with unique characteristics such as land ownership and infrastructure front-loading contributing to higher yields [39][40] Question: Development pipeline and Sunbelt strategy [47] - Development starts in 2025 could increase to around $1.5 billion, with a mix of established and expansion regions [48] - Sunbelt development strategy focuses on lower-density garden-style projects, with specific market dynamics influencing yields [52] Question: Insurance and operating expense outlook [54] - Insurance costs expected to stabilize, with property insurance renewals flat in May 2024, leading to lower growth rates in 2025 [55][59] - Operating expense growth expected to ease in 2025, driven by reduced impact from tax abatement programs and AvalonConnect deployment [60][61] Question: Lease growth and bad debt improvement [64][69] - Rent change expected to improve in November and December, driven by new move-ins and higher asking rents [67] - Bad debt improvement expected to continue, with normalization likely by 2026 [72] Question: Build-to-rent (BTR) strategy and land values [79][118] - BTR strategy focuses on townhome communities, with potential for detached single-family homes in the future [115] - Land values remain sticky, with significant retrenchment in high-cost markets like California [119] Question: Market performance and economic assumptions [126][130] - Job growth expected to slow in 2025, with higher-income jobs and strong wage prospects supporting demand [128] - Suburban coastal business expected to outperform, with development and transaction activity driving external growth [131] Question: Leasing market normalization and site selection [135][142] - Traditional seasonal leasing patterns expected to return, with return-to-office trends and unaffordable for-sale housing supporting demand [138][140] - Site selection process includes third-party coastal risk modeling, with a focus on resilience to flooding and other environmental risks [142] Question: East vs West Coast market performance [145] - East Coast markets like Boston and New York outperformed in 2024, with strong earn-in expected in 2025 [146] - West Coast markets like Seattle and San Francisco have easier comps and potential upside from return-to-office trends [146] Question: Other income and operating expenses [150] - Other rental revenue growth expected to decelerate in 2025, driven by AvalonConnect deployment and lease roll-through [151] - Operating expense growth expected to ease in 2025, with reduced impact from AvalonConnect and tax abatement programs [152] Question: Renter demographics and bad debt improvement [162][165] - No significant demographic shifts observed, with aging millennials driving demand for suburban and townhome products [163] - Bad debt improvement expected to continue, with significant opportunities in New York, New Jersey, and the Mid-Atlantic [166]

Aquestive Therapeutics, Inc. (NASDAQ:AQST) Q3 2024 Earnings Call Transcript November 5, 2024 8:00 AM ET Company Participants Bennett Watson - IR, ICR Westwicke IR Dan Barber - CEO Ernie Toth - CFO Sherry Korczynski - SVP of Sales and Marketing Carl Kraus - CMO Steve Wargacki - CSO Conference Call Participants Roanna Ruiz - Leerink Partners David Amsellem - Piper Sandler Francois Brisebois - Oppenheimer Raghuram Selvaraju - HC Wainwright & Co. Jason Butler - JMP Securities Thomas Flaten - Lake Street Capital ...