Westwood Holdings Group westwoodgroup.com 1 INTEGRITY | RELIABILITY | RESULTS Westwood Overview Investor Relations Presentation 2 I N T E G R I T Y | R E L I A B I L I T Y | R E S U L T S Westwood | Investing for the Future Firm Overview Westwood Holdings Group is a boutique asset management firm that offers a diverse array of actively-managed and outcome-oriented investment strategies along with white-glove trust and wealth services to institutional, intermediary and private wealth clients. Based in Texas, ...

Financial Data and Key Metrics Changes - Sabra's normalized FFO per share for Q4 2025 was $0.36, and normalized AFFO per share was $0.38, totaling $91.2 million and $95.2 million respectively for the quarter [12][15] - Cash NOI from the triple net portfolio decreased by $1.3 million sequentially, while cash NOI from the managed senior housing portfolio increased by $5.5 million, resulting in a net increase of $4.2 million [12][13] - The net debt to adjusted EBITDA ratio was 5.00 times as of December 31, 2025, a decrease of 0.27 times from the previous year [17] Business Line Data and Key Metrics Changes - The managed senior housing portfolio experienced a revenue growth of 15.8% and cash NOI growth of 18.4%, with margin expansion of 60 basis points [8] - The same-store managed senior housing portfolio saw a revenue increase of 6.4% year-over-year, with occupancy rising by 160 basis points to 87.9% [10] - The skilled nursing portfolio achieved an all-time high in rent coverage and increased occupancy [7] Market Data and Key Metrics Changes - The Canadian communities within the same-store portfolio grew revenue by 10% year-over-year, with occupancy increasing by 300 basis points to 94.2% [10] - The domestic portfolio occupancy increased by 80 basis points to 84.7% during the same period [10] Company Strategy and Development Direction - The company expects strong NOI growth for the SHOP portfolio in 2026, with guidance for normalized FFO and AFFO growth at 4.9%-5.4% [5] - Sabra's investment activity is projected to exceed the volume of 2025 investments, with a robust pipeline and $240 million of awarded deals expected to close in Q1 and early Q2 2026 [6][9] - The company continues to focus on SHOP investments, which represent approximately 95% of the investment opportunities being pursued [39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational performance and growth prospects, citing industry tailwinds and a robust pipeline [10] - The regulatory environment remains stable, and management does not foresee significant changes impacting operations [7][82] - The company anticipates continued occupancy growth in the same-store portfolio, aiming for low 90s occupancy levels [24] Other Important Information - The board declared a quarterly cash dividend of $0.30 per common share, representing a payout of 79% of the fourth quarter normalized AFFO per share [20] - The company has ample liquidity of approximately $1.2 billion, consisting of cash and available borrowings [19] Q&A Session Summary Question: Can you provide insights on same-store growth and long-term prospects? - Management expects continued occupancy growth in the same-store portfolio, aiming for low 90s occupancy levels, with potential for rate growth [24][25] Question: What is the status of the RCA loan and tenant health? - The RCA loan is being serviced appropriately, and discussions with the equity sponsor are ongoing, indicating tenant health is stable [27][30] Question: What are the expectations for maintenance CapEx in 2026? - Maintenance CapEx is expected to remain at similar levels, with non-maintenance CapEx projected in the $20-$30 million range [32] Question: How is the investment landscape changing? - The investment activity is significantly weighted towards SHOP, with continued competition but opportunities for high-quality assets at good yields [58] Question: What is the outlook for occupancy growth in Canada? - The Canadian portfolio is expected to continue its growth trajectory, with lower construction rates compared to the U.S. market [52] Question: How does the company view the complexity of operating in the SHOP space? - Management acknowledges the complexities of operating in the SHOP space, emphasizing the importance of experienced operators and continuous improvement in management practices [88][91]

Summary of Realbotix Investor Call Company Overview - **Company**: Realbotix (OTCPK: XBOT.F) - **Industry**: AI and Robotics Key Points and Arguments 1. **Market Performance**: Despite positive developments, Realbotix has experienced a poor start to the year in terms of share price amidst volatile market conditions [2][4] 2. **Audit Update**: The company is making substantial progress on its audit and expects to meet the deadline by the end of the month [3] 3. **Transaction Announcement**: A recent transaction was announced, which aims to create shareholder value through a reverse takeover of a Nasdaq-listed vehicle [4][8] 4. **Separation of Businesses**: Realbotix plans to separate its adult product business from its commercial AI hardware business to allow each to focus on its specialty [7][11] 5. **Nasdaq Listing Goals**: The company aims to list on Nasdaq to access new shareholders and capital without undergoing a dilutive share consolidation [5][6][8] 6. **Ownership Structure**: Post-transaction, Realbotix will own between 75% and 90% of the new Nasdaq entity, depending on the cash balance at closing [13][16] 7. **Valuation**: The subsidiary being moved to Nasdaq has been valued at over $100 million, which the company believes is not reflected in the current stock price [16][28] 8. **Market Misunderstanding**: There is confusion in the market regarding the transaction, which the company believes is beneficial for shareholders [17][24] 9. **Future Plans**: The company plans to maintain flexibility with the new shares, including options to hold, sell, or distribute shares to existing shareholders [18][19] 10. **Production Capacity**: Realbotix is working on scaling production to meet demand, with plans to increase capacity significantly by the end of 2027 [51][52] Additional Important Information - **Market Position**: Realbotix aims to be the first humanoid robot company listed on Nasdaq, which could enhance its visibility and access to institutional investors [17][23] - **No Inherited Debt**: The deal structure ensures that Realbotix will not inherit any debt or toxic issues from Onco, the company it is merging with [39][40] - **Production Challenges**: The biggest bottleneck currently is production capacity, with high demand for robots but limited ability to deliver [49][52] - **Marketing Strategy**: The company plans to enhance its marketing efforts to better communicate its value proposition and product offerings [35] - **Future Milestones**: Key milestones include increasing production, securing marquee clients, and enhancing brand visibility [29][30] This summary captures the essential points discussed during the investor call, highlighting the company's strategic direction, market challenges, and future opportunities.

Financial Data and Key Metrics Changes - Sabra reported normalized FFO per share of $0.36 and normalized AFFO per share of $0.38 for Q4 2025, totaling $91.2 million and $95.2 million respectively [13] - Cash NOI from the managed senior housing portfolio increased by $5.5 million to $35.6 million, while cash NOI from the triple-net portfolio decreased by $1.3 million [14] - The net debt to adjusted EBITDA ratio was 5.00 times as of December 31, 2025, a decrease of 0.27 times from the previous year [17] Business Line Data and Key Metrics Changes - The managed senior housing portfolio experienced a sequential revenue growth of 15.8% and cash NOI growth of 18.4% [9] - The same-store senior housing portfolio saw a revenue increase of 6.4% year-over-year, with occupancy rising by 160 basis points to 87.9% [10] - The skilled nursing portfolio achieved an all-time high in rent coverage and increased occupancy [7] Market Data and Key Metrics Changes - The Canadian communities within the same-store portfolio grew revenue by 10% year-over-year, with occupancy increasing by 300 basis points to 94.2% [10] - The overall occupancy in the domestic portfolio increased by 80 basis points to 84.7% [11] - RevPOR in Q4 2025 rose by 4.2% year-over-year, with Canadian portfolio growth at 5.2% [11] Company Strategy and Development Direction - The company expects robust NOI growth for the SHOP portfolio in 2026, with guidance for normalized FFO and AFFO growth at 4.9%-5.4% [5] - Sabra completed approximately $450 million in investments for 2025 and anticipates exceeding this volume in 2026 [6] - The company remains focused on the senior housing sector, with 95% of investment opportunities in SHOP [58] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued occupancy growth, expecting the same-store portfolio to reach low 90s occupancy levels [24] - The regulatory environment remains stable, with no significant concerns regarding Medicaid and Medicare rates [82] - Management noted that the Canadian market is ahead of the U.S. in recovery, with lower construction rates contributing to occupancy growth [52] Other Important Information - The company declared a quarterly cash dividend of $0.30 per common share, representing a payout of 79% of Q4 normalized AFFO per share [20] - Sabra has ample liquidity of approximately $1.2 billion, including unrestricted cash and available borrowings [19] Q&A Session Summary Question: What are the building blocks of same-store growth? - Management expects continued occupancy growth, with the portfolio projected to reach low 90s occupancy levels [24] Question: Can you provide an update on the RCA loan and tenant health? - The RCA loan is being serviced appropriately, indicating tenant health is stable [31] Question: What are the expected maintenance and non-maintenance CapEx for 2026? - Maintenance CapEx is expected to remain similar to previous levels, while non-maintenance CapEx is projected to be in the $20 million-$30 million range [33] Question: How is the investment landscape changing? - The investment activity is significantly weighted towards SHOP, with competition increasing but still finding high-quality assets [58] Question: What is the outlook for occupancy growth in the Canadian portfolio? - The Canadian portfolio is expected to continue its growth trajectory, with occupancy and pricing power improving [65]

Financial Data and Key Metrics Changes - Sabra reported normalized FFO per share of $0.36 and normalized AFFO per share of $0.38 for Q4 2025, totaling $91.2 million and $95.2 million respectively [12][14] - Cash NOI from the triple net portfolio decreased by $1.3 million sequentially, while cash NOI from the managed senior housing portfolio increased by $5.5 million, resulting in a net increase of $4.2 million [12][13] - The net debt to adjusted EBITDA ratio was 5.00 times as of December 31, 2025, a decrease of 0.27 times from the previous year [17] Business Line Data and Key Metrics Changes - The managed senior housing portfolio experienced a sequential revenue growth of 15.8% and cash NOI growth of 18.4%, with margin expansion of 60 basis points [7] - The same-store senior housing portfolio saw a revenue increase of 6.4% year-over-year, with occupancy rising by 160 basis points to 87.9% [9] - The skilled nursing portfolio achieved increased rent coverage and occupancy, reaching an all-time high [6] Market Data and Key Metrics Changes - The Canadian communities within the same-store portfolio grew revenue by 10% year-over-year, with occupancy increasing by 300 basis points to 94.2% [9] - The domestic portfolio occupancy increased by 80 basis points to 84.7% during the same period [10] - RevPOR in Q4 2025 rose by 4.2% year-over-year, with the Canadian portfolio increasing by 5.2% [10] Company Strategy and Development Direction - The company expects strong NOI growth for the SHOP portfolio in 2026, with guidance for normalized FFO and AFFO growth at 4.9%-5.4% [4] - Sabra completed approximately $450 million in investments for 2025 and anticipates exceeding this volume in 2026 [5] - The company is focusing on maintaining a robust pipeline of investments, with $240 million of awarded deals expected to close in Q1 and early Q2 2026 [5][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational performance and growth potential of the senior housing portfolio, citing industry tailwinds and a robust pipeline [10] - The regulatory environment remains stable, and the company expects to see continued occupancy growth in its same-store portfolio [6][15] - Management noted that the Canadian market is ahead of the U.S. market in recovery, with lower construction rates contributing to occupancy growth [10][50] Other Important Information - The board declared a quarterly cash dividend of $0.30 per common share, representing a payout of 79% of the fourth quarter normalized AFFO per share [20] - The company has ample liquidity of approximately $1.2 billion, consisting of unrestricted cash and available borrowings [19] Q&A Session Summary Question: Can you provide insights on same-store growth and future prospects? - Management expects continued occupancy growth in the same-store portfolio, aiming for low 90s occupancy levels [24] Question: What is the status of the RCA loan and its impact on guidance? - The RCA loan is being serviced appropriately, and guidance assumes the lease remains in place [28] Question: How is the investment landscape changing, particularly regarding skilled nursing? - The majority of the $240 million awarded transactions are focused on SHOP, with minimal skilled nursing investments expected [57] Question: What is the expected maintenance CapEx for 2026? - Maintenance CapEx is expected to remain at similar levels, with non-recurring CapEx projected in the $20-$30 million range [33] Question: How does the company view the competitive landscape in the SHOP sector? - The company acknowledges increased competition but continues to find high-quality assets at attractive yields [58]

Financial Data and Key Metrics Changes - For Q4 2025, normalized FFO increased by 42.7% quarter-over-quarter to $104.1 million, while normalized FAD rose by 38.7% to $103 million [15] - On a per-share basis, normalized FFO increased by $0.07, or 17.5%, to $0.47 per share, and normalized FAD increased by $0.05, or 12.2%, to $0.46 per share [15] - For the full year, normalized FFO per share increased by $0.26, or 17.3%, to $1.76 per share, and normalized FAD increased by $0.22, or 14.3%, to $1.76 per share [15] Business Line Data and Key Metrics Changes - In Q4, the company completed approximately $562 million of investments, including its first SHOP deal involving three communities in Texas with 270 assisted living and memory care units [11] - The blended stabilized yield on Q4 investments was 8.8% [11] - Since year-end, the company closed on approximately $215 million of investments, including six skilled nursing facilities and two care homes in the UK [12] Market Data and Key Metrics Changes - The investment pipeline remains strong at approximately $500 million, with about half in UK Care Homes, a third in skilled nursing, and the remainder in a small SHOP deal and loans [13] - The company noted increased competition in the SHOP sector, with cap rates compressing as investors seek exposure to operating trends [13][34] Company Strategy and Development Direction - The company aims to be a unique healthcare REIT focused on disciplined investments in assets and operators that can significantly impact senior housing and care [10] - The strategic push into the UK Care Homes and SHOP sectors is expected to drive sustainable growth across skilled nursing, senior housing, and UK Care Home sectors [14] - The company plans to maintain a strong focus on long-term operator partnerships and creative transaction structuring [14] Management's Comments on Operating Environment and Future Outlook - The skilled nursing operating environment is currently stable and supportive across most states, with operators eager to return to growth mode [9] - The company anticipates a substantial year of external growth in 2026, supported by a deeper and more capable team [10] - Management expressed confidence in achieving another substantial year, given the current market conditions and the company's capabilities [42] Other Important Information - The company sold 6.5 million shares on a forward basis at an average price of $37.30, generating gross proceeds of approximately $242.5 million [16] - Initial guidance for fiscal year 2026 is for normalized FFO per share of $1.90-$1.95, representing a year-over-year increase of 9.4% [17] Q&A Session Summary Question: Guidance and expectations for the pipeline going forward - Management indicated that they are seeing consistent inbound interest in SHOP deals and are evaluating both large and small opportunities [22] Question: Sustainability of coverage levels in skilled nursing facilities - Management believes the skilled nursing environment is in a good place, with improved labor conditions and regulatory support [24] Question: Focus of data analytic hires - The data science team is primarily focused on building out SHOP capabilities but will impact the entire organization [29] Question: Details on the investment pipeline - The pipeline consists of approximately half UK Care Homes, a third US skilled nursing, and the remainder in SHOP and loans [33] Question: Competitive landscape in property types - SHOP is currently the most competitive segment, with significant capital pursuing deals [34] Question: Future funding strategies - Management plans to maintain a balance between equity and debt financing, depending on market conditions [58]

Financial Data and Key Metrics Changes - For Q4 2025, normalized FFO increased 42.7% over the prior quarter to $104.1 million, and normalized FAD increased 38.7% to $103 million [16] - On a per-share basis, normalized FFO increased $0.07, or 17.5%, to $0.47 per share, and normalized FAD increased $0.05, or 12.2%, to $0.46 per share [16] - For the full year, normalized FFO per share increased $0.26, or 17.3%, to $1.76 per share, and normalized FAD increased $0.22, or 14.3%, to $1.76 per share [16] Business Line Data and Key Metrics Changes - In Q4, approximately $562 million of investments were completed, including the first SHOP deal involving three communities in Texas with 270 assisted living and memory care units [12] - The blended stabilized yield on Q4 investments was 8.8% [12] - Since year-end, another approximately $215 million of investments were closed, including 6 skilled nursing facilities and 2 care homes in the UK [13] Market Data and Key Metrics Changes - The investment pipeline remains strong at approximately $500 million, with about half in UK care homes, a third in skilled nursing, and the remainder in a small SHOP deal and loans [14] - The competition in the SHOP segment is noted to be the most intense, with cap rates compressing as investors seek exposure to operating trends [14][35] Company Strategy and Development Direction - The company aims to be a unique healthcare REIT focused on disciplined investments in assets and operators that can significantly impact senior housing and care [11] - The strategic push into the UK care home market and the expansion of SHOP capabilities are key growth engines for the company [10][15] - The company is committed to maintaining a strong balance sheet while pursuing external growth opportunities [19][60] Management's Comments on Operating Environment and Future Outlook - The skilled nursing operating environment is described as stable and supportive, with operators eager to return to growth mode [9][25] - Management expresses confidence in achieving substantial growth in 2026, supported by a deeper and more capable team and new market opportunities [10][42] - The company anticipates a year-over-year increase in normalized FFO per share guidance for fiscal year 2026 of $1.90-$1.95, representing a 9.4% increase [18] Other Important Information - The company sold 6.5 million shares on a forward basis at an average price of $37.30, generating gross proceeds of approximately $242.5 million [17] - The company maintains low leverage with net debt to EBITDA of 0.7 times and a fixed charge coverage ratio of 10.5 times as of year-end [19] Q&A Session Summary Question: Guidance and expectations for the pipeline going forward - Management indicated that they are seeing consistent inbound interest in SHOP deals and are evaluating both large and small opportunities [22][23] Question: Sustainability of coverage levels in skilled nursing facilities - Management believes the skilled nursing environment is currently strong, with operators ready to grow and occupancy levels providing room for improvement [25] Question: Focus of data analytic hires - The data science team is primarily focused on enhancing SHOP capabilities but will impact the entire organization [30] Question: Details on the investment pipeline - The pipeline consists of approximately half UK care homes, a third US skilled nursing, and a mix of SHOP and other deals [34] Question: Competitive landscape in property types - SHOP is noted as the most competitive segment, with significant capital pursuing deals [35] Question: Future funding strategies - Management plans to balance between equity issuances and utilizing balance sheet capacity as opportunities arise [59]

Strategic. Disciplined. Opportunistic. Investor Presentation | February 12, 2026 Disclaimers Forward-Looking Statements This presentation contains "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Any statements that do not relate to historical or current facts or matters are forward-looking statements. These statements may be identified, without limitation, by the use of "expects," "believes," "intends," "should" or comparable terms or the negative thereof. Ex ...

Financial Data and Key Metrics Changes - For Q4 2025, normalized FFO increased by 42.7% over the prior quarter to $104.1 million, while normalized FAD increased by 38.7% to $103 million [15] - On a per-share basis, normalized FFO increased by $0.07, or 17.5%, to $0.47 per share, and normalized FAD increased by $0.05, or 12.2%, to $0.46 per share [15] - For the full year, normalized FFO per share increased by $0.26, or 17.3%, to $1.76 per share, and normalized FAD increased by $0.22, or 14.3%, to $1.76 per share [15] Business Line Data and Key Metrics Changes - In Q4, the company completed approximately $562 million of investments, including its first SHOP deal, which involved three communities in Texas totaling 270 assisted living and memory care units [11] - The blended stabilized yield on Q4 investments was 8.8% [11] - Since year-end, the company has closed on approximately $215 million of investments, including six skilled nursing facilities and two care homes in the UK [12] Market Data and Key Metrics Changes - The investment pipeline remains strong at approximately $500 million, with about half in UK care homes, a third in skilled nursing, and the remainder in a combination of SHOP deals and loans [12][35] - The skilled nursing operating environment is stable and largely supportive across most states, with the senior housing environment in both the U.S. and U.K. also stable and gaining strength [8] Company Strategy and Development Direction - The company aims to be a unique healthcare REIT focused on disciplined investments in assets and operators that can significantly impact senior housing and care [10] - The company has doubled its team and added capabilities in areas like tax and data science to support long-term growth [6] - The strategic push into the UK care home market and the SHOP segment is seen as a significant growth opportunity [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the skilled nursing environment, noting improvements in labor conditions and regulatory frameworks [25] - The company anticipates a substantial year of external growth, supported by a strong balance sheet and access to capital [9][19] - Initial guidance for fiscal year 2026 indicates normalized FFO per share of $1.90-$1.95, representing a year-over-year increase of 9.4% [17] Other Important Information - The company sold 6.5 million shares on a forward basis at an average price of $37.30, generating gross proceeds of approximately $242.5 million [16] - The company maintains low leverage with net debt to EBITDA of 0.7 times and a fixed charge coverage ratio of 10.5 times [19] Q&A Session Summary Question: Guidance and expectations for the pipeline going forward - Management indicated that they are seeing consistent inbound interest in SHOP deals and are open to both large and small opportunities [22][23] Question: Sustainability of coverage levels in skilled nursing facilities - Management believes the skilled nursing environment is strong, with operators eager to grow and occupancy levels providing room for improvement [25][26] Question: Focus of data analytic hires - The data science team is primarily focused on enhancing SHOP capabilities but will impact the entire organization [31] Question: Details on the investment pipeline - The pipeline consists of approximately half UK care homes, a third US skilled nursing, and the remainder in SHOP and loans [35] Question: Competitive landscape in property types - SHOP is noted as the most competitive segment, with significant capital pursuing deals [36] Question: Future funding strategies - Management plans to balance between equity issuances and utilizing balance sheet capacity as opportunities arise [60][61] Question: Underwriting criteria within SHOP - The company continues to seek low double-digit IRR and evaluates each deal's path to achieving that, despite cap rate compression [59]

Summary of Faraday Future Intelligent Electric's Extraordinary General Meeting Company Overview - **Company Name**: Faraday Future Intelligent Electric, Inc. (NasdaqCM: FFAI) [1] Key Points Discussed Meeting Structure and Attendance - The meeting was held on February 13, 2026, at 12:00 PM ET, with members of the board of directors and executive management team present virtually [1] - A total of **205,703,708 shares** were outstanding, including **9 shares of Class A Common Stock**, **6,667 shares of Class B Common Stock**, and **4,451 shares of Series B Preferred Stock** [2] Proposals Voted On 1. **Share Authorization Proposal**: - Proposal to amend the company's charter to increase the number of authorized shares of common stock by approximately **79.8 million**, raising it from **232 million** to **312,285,439** shares - The number of authorized shares of preferred stock to increase from **17,931,000** to **265,000**, resulting in a total of **336,372,700** authorized shares [5] 2. **Name Change Proposal**: - Proposal to change the company's name from Faraday Future Intelligent Electric Inc. to a new name (not specified in the document) - The board recommended approval of this name change [6] 3. **Adjournment Proposal**: - Proposal for one or more adjournments of the special meeting if necessary, particularly if sufficient votes were not received for the proposals [6] Voting Results - Preliminary results indicated that proposals 1 and 3 passed, but some proposals did not receive a sufficient number of votes to pass [9] Additional Important Information - The meeting was conducted in accordance with the proxy statement and rules of conduct for the meeting [1] - Technical support was available for any voting difficulties experienced by stockholders [8] - The actual results of the vote were to be reported within the next four business days [10]