Select Medical (SEM) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Company Participants Robert Ortenzio - Co-Founder & Executive ChairmanMartin Jackson - Senior Executive Vice President of Strategic Finance & OperationsBen Hendrix - Vice PresidentBill Sutherland - Director of Research Conference Call Participants Justin Bowers - AnalystAnn Hynes - Senior Healthcare Services Equity Analyst & Managing Director Operator Good morning, and thank you for joining us today for Select Medical Holdings Corporation's ...

Plymouth Industrial REIT (PLYM) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Company Participants John Wilfong - Senior Vice PresidentJeffrey Witherell - Chairman & CEOJames Connolly - Executive Vice President of Asset ManagementAnthony Saladino - President and CFORich Anderson - Managing DirectorEric Borden - Vice President Conference Call Participants Todd Thomas - Managing Director & Equity Research AnalystNick Thillman - Senior Research AnalystMichael Mueller - Analyst Operator Please note today's eve ...

Perella Weinberg Partners (PWP) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Company Participants Taylor Reinhardt - Executive Director, Head of Communications & MarketingAndrew Bednar - CEO, Partner of New York & DirectorAlexandra Gottschalk - MD, Partner & CFODevin Ryan - Director of Financial Technology ResearchBrendan O'Brien - Senior Vice President Conference Call Participants James Yaro - Analyst Operator Please be advised that today's call is being recorded. I would now like to turn the call over t ...

Pebblebrook Hotel Trust (PEB) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Company Participants Raymond Martz - Co-President, CFO, Treasurer & SecretaryJon Bortz - Chairman & CEOJay Kornreich - VP - Equity ResearchSmedes Rose - DirectorFloris van Dijkum - Managing DirectorThomas Fisher - Co-President & Chief Investment OfficerDuane Pfennigwerth - Senior Managing DirectorJamie Feldman - Managing DirectorAri Klein - Director - Equity Research Conference Call Participants Shaun Kelley - Senior Research Analy ...

Financial Data and Key Metrics Changes - Fundraising in Q1 2025 reached a record $3.2 billion, contributing to a target of $6 billion for the year [6][24] - Fee-related earnings (FRE) were $42.6 million or $0.27 per share, reflecting a 2116% year-over-year growth [6][8] - Assets under management (AUM) grew to $46 billion, a 43% increase year-over-year and over 9% sequentially [10][26] - Distributable earnings were $37 million or $0.23 per share, up 12% year-over-year [8][32] Business Line Data and Key Metrics Changes - Fee-earning AUM increased to $35 billion, a 46% year-over-year growth and 6% sequentially [10][28] - Organic net inflows into fee-earning AUM were over $700 million, representing an annualized organic growth rate of over 8.6% [7][26] - Management fee revenue for Q1 was $77.3 million, up 28% year-over-year, but down 17% sequentially due to seasonal factors [28][29] Market Data and Key Metrics Changes - Approximately 20% of fee-earning AUM were in permanent capital vehicles, which is a key long-term objective [13][22] - Strong demand from Asian sovereign wealth fund investors led to $1 billion in commitments during the quarter [14][15] - Local investors accounted for approximately 17% of fundraising in Q1 2025, indicating a growing interest in alternative investments [22] Company Strategy and Development Direction - The company aims to diversify its investment strategies and product offerings, enhancing resilience against global uncertainties [23][24] - The focus is on organic growth through customized investment accounts and special managed accounts, moving away from a product-centric model [6][12] - The company is positioned to benefit from geopolitical shifts, with a low exposure to U.S. tariffs and a focus on local consumption markets in Latin America [17][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the $6 billion fundraising target despite global uncertainties [24][31] - The company believes Latin America is becoming a more attractive destination for capital, benefiting from low geopolitical risks and strong local consumption [18][39] - Management anticipates that the ongoing trade conflicts may lead to increased foreign direct investment (FDI) in the region [42] Other Important Information - The company has a net debt of approximately $143 million, with a net debt to FRE ratio well below one time [32] - The effective tax rate for the quarter was 9.2%, with expectations to trend towards 10% by 2027 [32] - A quarterly dividend of $0.15 per share was approved for 2025, with intentions to repurchase shares throughout the year [33] Q&A Session Summary Question: How are portfolios positioned regarding higher tariffs in the U.S.? - Management indicated that most investments are Latin America-oriented, with minimal exposure to Mexico, and sectors are resilient and locally driven [37][39] Question: Could Chinese institutions divert allocations from U.S. to LatAm? - Management confirmed that there is increased interest from Asian investors, with significant commitments already made [43][45] Question: Is there potential upside to the $6 billion fundraising target? - Management maintained the $6 billion target but acknowledged the strong start with $3.2 billion raised in Q1 [52][54] Question: Update on integration of M&A completed last year? - Management reported that 2025 is focused on integration, with no major issues encountered and synergies expected to improve margins [70][74] Question: Overview of the $3.5 billion pending fee AUM? - Management stated that most pending AUM will be allocated to infrastructure and GPMS verticals, with an average management fee of 96 basis points expected [78][80]

Olin (OLN) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Company Participants Steve Keenan - Director of Investor RelationsKenneth Lane - President, CEO & DirectorTodd Slater - SVP & CFODavid Begleiter - DirectorJosh Spector - Executive DirectorKevin McCarthy - PartnerFrank Mitsch - PresidentVincent Andrews - Managing DirectorJohn Roberts - Managing DirectorMatthew Blair - Managing DirectorMichael Sison - Managing Director Conference Call Participants Patrick Cunningham - Vice President, Senior AnalystAlek ...

Olin (OLN) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Company Participants Steve Keenan - Director of Investor RelationsKenneth Lane - President, CEO & DirectorTodd Slater - SVP & CFODavid Begleiter - DirectorJosh Spector - Executive DirectorKevin McCarthy - PartnerFrank Mitsch - PresidentVincent Andrews - Managing DirectorJohn Roberts - Managing DirectorMatthew Blair - Managing DirectorMichael Sison - Managing Director Conference Call Participants Patrick Cunningham - Vice President, Senior AnalystAlek ...

MasTec (MTZ) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Company Participants Christopher Mecray - VP - IRJ. Marc Lewis - Retired VP - IRJosé R. Mas - CEO & DirectorPaul Dimarco - Executive VP & CFOJamie Cook - Managing Director - Equity ResearchAndrew Kaplowitz - Managing DirectorAtidrip Modak - Vice President - Energy Services & E&PsJustin Hauke - Vice President and Senior Research AssociateDrew Chamberlain - Equity Research AssociateLiam Burke - Managing DirectorBrian Brophy - Associate Vice President ...

CTO Realty Growth (CTO) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Company Participants Jenna McKinney - Director of FinanceJohn Albright - President and CEOPhilip Mays - Senior VP, CFO & TreasurerRJ Milligan - Managing DirectorRob Stevenson - Managing Director - Head of Real Estate ResearchMatthew Erdner - DirectorGaurav Mehta - Managing DirectorCraig Kucera - MD - Equity Research Conference Call Participants John Massocca - Senior Research Analyst Operator Good day and thank you for standing by. Welco ...

CTO Realty Growth (CTO) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Company Participants Jenna McKinney - Director of FinanceJohn Albright - President and CEOPhilip Mays - Senior VP, CFO & TreasurerRJ Milligan - Managing DirectorRob Stevenson - Managing Director - Head of Real Estate ResearchMatthew Erdner - DirectorGaurav Mehta - Managing DirectorCraig Kucera - MD - Equity Research Conference Call Participants John Massocca - Senior Research Analyst Operator Good day and thank you for standing by. Welco ...