Dafinchi AI

FPI

Financial Services

AFFO for Q2 2025 was $1.3 million or $0.03 per share, up from the prior year, positively impacted by lower interest expense and increased loan program activity.
AFFO for the six months was $3.6 million or $0.08 per share, higher than 2024, helped by lower interest expense, higher interest income, and proceeds from a solar lease arrangement.
For Q2 2025, net income was $7.8 million or $0.15 per share, higher than Q2 2024 due to gains on dispositions of 32 properties, lower G&A costs, lower interest expenses, and higher interest income.
For the six months ended June 30, 2025, net income was $9.9 million or $0.18 per share, higher than 2024 due to 34 property dispositions, debt reductions, lower G&A, and increased interest income.
Gain on disposition of assets was $25 million on $81.6 million of property sales in 2025, compared to a loss of $0.1 million in 2024.
General and administrative expenses decreased primarily due to a one-time severance expense in 2024.
Interest expense decreased by $2.8 million in Q2 and $5.2 million year-to-date due to debt reductions since October 2024.
Lines of credit were repaid in full with $23 million payments in early July 2025.
Undrawn capacity on lines of credit was approximately $160 million as of June 30, 2025, with no debt subject to interest rate resets in 2025.

AGNC

Financial Services

AGNC reported a comprehensive loss of $0.13 per common share for Q2 2025.
Asset portfolio grew to $82 billion, up $3.5 billion from prior quarter, with a focus on higher coupon specified pools.
Average projected life CPR declined to 7.8% from 8.3%, while actual CPRs averaged 8.7%, up from 7% in prior quarter.
Dividends declared were $0.36 per common share, with a $0.44 decline in tangible net book value per share.
Economic return on tangible common equity was negative 1%.
Liquidity position improved to $6.4 billion in cash and unencumbered Agency MBS, representing 65% of tangible equity.
Net interest rate spread decreased 11 basis points to 201 basis points largely due to higher swap costs.
Net spread and dollar roll income declined to $0.38 per common share due to slower capital deployment and higher swap costs.
Quarter-end leverage increased slightly to 7.6x tangible equity from 7.5x in Q1.

FNF

Financial Services

Commercial revenue in Title was strong, with $626 million in the first half of 2025, up 23% year-over-year.
F&G segment grew assets under management to $69.2 billion, up 13% year-over-year, with adjusted net earnings of $89 million, down from $122 million in Q2 2024.
FNF reported strong Q2 2025 results with total revenue of $3.6 billion and adjusted net earnings of $318 million, slightly down from $338 million in Q2 2024.
Personnel costs and other operating expenses increased by 10%, driven by active recruiting and strategic investments in security and technology.
The Title segment delivered adjusted pretax earnings of $337 million with a 15.5% margin, slightly below the 16.2% margin in Q2 2024 due to higher expenses.

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