- CMTG reported a GAAP net loss of $1.30 per share and a distributable loss of $0.77 per share for Q2 2025.
- Distributable earnings prior to realized losses were $0.10 per share, with REO investments contributing $0.01 per share net of financing costs.
- Held-for-investment loan portfolio decreased to $5 billion from $5.9 billion due to loan resolutions.
- Liquidity increased by $221 million since December 31, reaching $323 million as of August 5.
- Loan resolutions totaled $1.9 billion UPB year-to-date with an 88% blended recovery rate.
- Net debt-to-equity ratio improved from 2.4x to 2.2x in Q2 and further to 2.0x pro forma in Q3.
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- Adjusted Funds From Operations (AFFO) was negative $3.4 million or $0.10 per share, down from a positive $3.7 million or $0.10 per share in Q2 2024.
- Core operating expenses decreased by about $200,000, with lower G&A costs partially offset by higher property operating expenses related to water rights protection and vacant farms.
- Dividends declared per common share remained steady at $0.14.
- Fixed base cash rents declined by approximately $6.8 million year-over-year due to lease modifications, vacancies, and farm sales.
- Gladstone Land reported a net loss of $7.9 million and a net loss to common shareholders of $13.9 million or $0.38 per share for Q2 2025.
- Interest expense decreased due to loan repayments over the past year.
- Liquidity remains strong with over $150 million in available capital and nearly $170 million in unpledged properties for additional collateral.
- 30-day delinquency rate improved to 6.6%, down 50 basis points sequentially and 30 basis points year-over-year.
- Book value per share reached $36.43 at quarter end.
- Capital generation was $16.9 million in Q2, with $26.8 million year-to-date.
- Net credit loss rate was 11.9%, improving 50 basis points sequentially and 80 basis points year-over-year.
- Net receivables grew by $70 million sequentially and were up 10.5% year-over-year.
- Operating expense ratio improved to 13.2%, an all-time best and 60 basis points better year-over-year.
- Quarterly revenue reached a record $157 million, up 10% year-over-year.
- Regional Management delivered net income of $10.1 million and diluted EPS of $1.03 in Q2 2025, a 20% year-over-year improvement.
- Returned $17.6 million to shareholders year-to-date via $11.6 million in stock repurchases and $6.1 million in dividends.
- Total originations hit a record $510 million, up 20% year-over-year.
- Average loans increased by 2.5% to $5.2 billion, an all-time high.
- Deposits grew by $217 million to $5.5 billion year-over-year.
- Efficiency ratio improved by nearly 9% compared to the prior year quarter.
- Net income for 2025Q3 was $16.3 million, a 26.3% increase year-over-year.
- Net interest income grew 11.5% to $43.1 million compared to 2024Q3.
- Net interest margin expanded by 18 basis points to 2.79%.
- Nonperforming loans decreased to 0.36% of total loans, improving credit quality.
- Return on average assets increased to 1.02%, and return on average equity rose to 9.29%.
- Earnings per share (EPS) for the quarter was $1.76, a 21% increase from the prior quarter.
- Net interest income increased by $6.7 million or about 10% quarter over quarter, driven by loan growth and lower funding costs.
- Net interest margin (NIM) expanded by 15 basis points to 3.83%, marking the seventh consecutive quarter of margin expansion.
- Non-interest expenses were flat at $43.1 million with some offsetting movements in payroll taxes, professional fees, IT project costs, licensing, and other expenses.
- Non-interest expense was flat at $43.1 million, with some offsetting movements in compensation, professional fees, IT project costs, licensing, and other expenses.
- Non-interest income declined by $1 million primarily due to a one-time income recognition in the prior quarter.
- Provision expense increased to $6.4 million due to loan growth, macroeconomic factors, and a $2.4 million reserve for a single non-performing loan.
- Second quarter loans increased by $271 million or 4.3%, and core deposits rose by $342 million or 5.3%.
- Tangible book value per share increased by more than 4% to $68.44, the tenth consecutive quarter of book value accretion.
- Total revenue grew 8% quarter over quarter to $76.2 million, and net income rose more than 15% to $18.8 million.
- Total revenue grew 8% quarter over quarter to $76.2 million, with net income rising over 15% to $18.8 million.
- Loan-to-deposit ratio improved to 96% from 102% a year ago, reflecting improved liquidity.
- Net income for Q3 2025 was $23.8 million or $1.46 per diluted share, up from $19.6 million or $1.22 per diluted share in Q3 2024.
- Net income for the first nine months of 2025 totaled $65.9 million or $4.06 per diluted share, compared to $60 million or $3.72 per diluted share in the prior year period.
- Net interest margin remained stable at 3.5%, declining only 2 basis points despite a 96 basis point drop in SOFR over five quarters.
- Noninterest expenses increased by $2.4 million in Q3 and $7.3 million year-to-date, driven by higher salaries, benefits, and data processing costs.
- Provision for credit losses was $200,000 in Q3 2025 and $3.9 million for the first nine months, down from $1.1 million and $5.9 million respectively in 2024.
- Return on average assets was 1.5% and return on average equity was 14.7% for 2025.
- Tangible book value per share increased by 13% over the last four quarters, with a five-year CAGR of 8.4%.
- Blue Foundry Bancorp reported a net loss of $2 million or $0.10 per diluted share for Q2 2025, an improvement of $735,000 from the prior quarter.
- Cost of funds declined by 13 basis points to 2.72%, with deposit costs down 13 basis points to 2.62% and borrowings cost down 9 basis points to 3.30%.
- Deposits increased by $29.1 million or 2%, with core deposits growing approximately 4%, fueled by full banking relationships with commercial customers.
- Gross loans increased by $47.4 million during the quarter, with organic growth in owner-occupied commercial real estate and construction, plus $45 million in credit-enhanced consumer loan purchases.
- Interest income rose by $725,000 primarily due to loan growth, while interest expense declined by $171,000 reflecting lower deposit costs.
- Loan portfolio yield improved by 8 basis points to 4.80%, and total interest-earning assets yield increased by 7 basis points to 4.58%.
- Net interest income increased by $896,000 or 8.3%, driven by a 12 basis point expansion in net interest margin and loan growth.
- Noninterest expense decreased by $90,000 compared to prior quarter, mainly due to seasonal occupancy expense, and is expected to remain in the mid- to high $13 million range.
- Nonperforming assets and loans increased slightly but remain low at 0.30% and 0.38% respectively, with allowance coverage ratios slightly decreased but still strong.
- Provision for credit losses was $463,000, primarily for reserves on unfunded loan commitments scheduled to close in Q3.
- Blended cash leasing spreads in Q2 were 17%, the highest in 5 years, with non-option renewal spreads near 20% for the quarter and 16% over 12 months.
- Blended cash leasing spreads reached 17%, the highest in 5 years, with non-option renewals at nearly 20% for the quarter and 16% over the last 12 months.
- Kite Realty Group delivered strong Q2 2025 results with NAREIT FFO per share of $0.51 and core FFO per share of $0.50.
- Net debt-to-EBITDA stands at 5.1x, among the lowest in the peer set, after significant transactional activity and opportunistic bond issuance.
- Net debt-to-EBITDA stands at 5.1x, among the lowest in the peer set, following asset sales, joint ventures, and opportunistic bond issuance.
- New leasing volume more than doubled sequentially, driven by 11 new anchor leases including grocery tenants Whole Foods and Trader Joe's.
- Same-property NOI grew 3.3%, driven by higher minimum rents (+250 bps), improved net recoveries (+50 bps), and overage rent (+30 bps).
- Small shop lease rates increased 30 basis points sequentially and 80 basis points year-over-year, with embedded escalators at 3.4% for H1 2025.
- Small shop lease rates increased 30 basis points sequentially and 80 basis points year-over-year, with embedded escalators of 3.4% for the first half of 2025.
- The company sold 3 noncore assets and completed 2 joint ventures involving 4 assets totaling over $1 billion in gross transactional activity.
- BOK Financial reported earnings of $140 million or EPS of $2.19 for Q2 2025.
- Fee income increased 7.2% sequentially, with record quarterly results in several fee income lines.
- Loan growth reaccelerated with a 2.5% increase quarter-over-quarter, led by commercial real estate (6.9%) and core C&I portfolios (1.1%).
- Net interest income grew for the fifth consecutive quarter with margin expansion of 2 basis points.
- Nonperforming assets decreased to $74 million, with net charge-offs minimal at $561,000 for the quarter.
- Total expenses increased by $7 million, driven by technology project costs and operational losses, while personnel expenses remained consistent.
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