Dafinchi AI

Financial Services

3mo

Capital markets activity included a Fitch upgrade to BBB+ and a $450 million senior unsecured bond issuance at 5.25% coupon.
Cash same-store NOI growth for the quarter was 8.7%, driven by rental rate increases and contractual rent bumps, partially offset by lower average occupancy.
Guidance for full-year 2025 NAREIT FFO remains at a midpoint of $2.92 per share with a narrowed range of $2.88 to $2.96.
In-service occupancy at quarter end was 94.2%, down 110 basis points due to a known move-out and two developments entering service.
NAREIT funds from operations (FFO) were $0.76 per fully diluted share in 2Q 2025, up from $0.66 in 2Q 2024.
Overall cash rental rate increase for new and renewal leasing was 33%, or 38% excluding a large fixed-rate renewal.

FRT

Financial Services

2mo

Above consensus by $0.02

$1.76 per share

Excluding the tax credit impact, FFO of $1.76 per share exceeded consensus and prior year FFO, resulting in the beat and raise.

VTR

Financial Services

2mo

Liquidity remained strong at $4.7 billion as of June 30, including a revolving credit facility upsize and available equity proceeds.
Net debt-to-EBITDA improved to 5.6x, a 40 basis point improvement since the start of the year.
Outpatient medical and research portfolio reported 1.7% same-store cash NOI growth, with outpatient medical up 2.2%.
Senior housing investments year-to-date totaled $1.1 billion, with $3 billion closed since the beginning of last year.
SHOP same-store portfolio delivered 8.2% revenue growth and 13.3% NOI growth, with U.S. SHOP NOI up 18% after adjusting for a prior year tax refund.
Total company same-store cash net operating income (NOI) increased 7%, led by SHOP increasing over 13%.
Ventas reported strong earnings growth with normalized FFO per share growing 9% year-over-year in Q2 2025.

UMH

Financial Services

2mo

Community operating expenses increased by 7%, mainly due to acquisitions and higher payroll and maintenance costs, but same-property operating expense ratio improved to 38.2% from 39.4% last year.
Debt totaled approximately $659 million with a weighted average interest rate of 4.63%, mostly fixed rate, and total market capitalization increased 13% to approximately $2.4 billion.
Gross sales of manufactured homes increased by 19% for the quarter, with gains from sales at 14% of total sales.
Normalized FFO for Q2 2025 was $0.23 per share, unchanged from Q2 2024, with a 16% increase in normalized FFO in dollar terms to $19.5 million.
Same-property rental and related income increased by 8%, and same-property NOI increased by 10% for the quarter.
Total revenue increased approximately 10% year-over-year to $66.6 million, driven by a 9% increase in rental and related income and a sales record of $10.5 million in manufactured home sales.

ORRF

Financial Services

Achieved 4.9% annualized loan growth in Q3 2025, showing strong momentum after portfolio alignment.
Deposits grew by $17 million with a loan-to-deposit ratio of 88%, supporting liquidity and funding needs.
Diluted earnings per share (EPS) reached a record $1.13 for the quarter.
Fee income remained robust, representing 20.8% of operating revenue, consistent with the prior quarter.
Loan interest income increased to $66.0 million from $63.2 million in Q2, driven by loan growth and yield improvements.
Net interest margin (NIM) increased slightly to 4.11% from 4.07% in Q2 2025, reflecting prudent loan pricing and funding cost management.
Noninterest expense declined by $1.3 million quarter-over-quarter, improving efficiency ratio from 60.3% to 56.4%.
Return on assets (ROA) was 1.60%, and return on equity (ROE) nearly 16%, placing Orrstown near the top of its peer group.

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