- Credit loss improved by 21 basis points to 89 basis points for the quarter, with year-to-date credit loss at 72 basis points.
- FFO totaled $297.6 million for the quarter, driven by a $20.8 million increase in pro rata NOI, higher minimum rents, stronger net recoveries, and improved credit loss.
- Kimco completed a $500 million bond issuance at 5.3% interest, the lowest issuance spread in many years, and ended the quarter with consolidated net debt to EBITDA of 5.4x.
- Kimco delivered funds from operations (FFO) of $0.44 per diluted share in Q2 2025, a 7.3% increase year-over-year.
- Liquidity remains robust at over $2.2 billion, including $228 million in cash.
- Same-site NOI increased 3.1%, driven by contractual rent growth, ancillary income, and credit loss improvement.
- Small shop occupancy reached a record high of 92.2%, with strong leasing spreads including a blended pro-rata leasing spread of 15%.
- The company repurchased 3 million shares at an average price of $19.61, reflecting a 9% FFO yield and a 24% discount to consensus NAV.
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- Commission revenue increased 12% to a record $192 million driven by strong market volumes and new initiatives across three strategic channels.
- Diluted earnings per share increased 11% to $1.91, or 16% excluding notable items.
- Free cash flow over the trailing 12 months increased 5% to $360 million, with $80 million spent on share repurchases year-to-date.
- MarketAxess delivered record second quarter 2025 financial results with 11% revenue growth to $219 million, including a 2 million USD benefit from foreign currency fluctuations.
- Operating expenses increased 6% excluding notable items, driven by higher employee compensation and technology costs.
- Book value increased to $6.7 billion or $12.71 per share, up from $12.39 in the prior quarter.
- Dividend yield remains strong at 8.9%, paying out $0.25 per share.
- Genesis Capital achieved a record quarter with origination north of $4 billion, more than doubling since acquisition in 2022.
- Newrez's servicing portfolio grew to $864 billion with a typical ROE around 20%.
- Return on equity (ROE) for the entire company was 17%, with earnings available for distribution at $291.1 million or $0.54 per diluted share, representing an 18% ROE.
- Rithm Capital reported GAAP net income of $283.9 million or $0.53 per diluted share for Q2 2025.
- Sculptor's asset management business saw $3.5 billion of AUM growth since acquisition, with strong fundraising and performance.
- The company ended the quarter with a record $2.1 billion in cash and liquidity.
- AFFO per share increased 7% year-over-year to $0.46, with total AFFO up 21% to $93 million.
- Cash G&A was $7.2 million, representing 5.2% of total revenue, down from 5.6% a year ago.
- Declared a cash dividend of $0.30 per share, representing a 65% AFFO payout ratio.
- Diluted share count was 199.6 million, including 0.6 million shares from unsettled forward equity.
- General & Administrative expenses rose to $10.7 million from $8.7 million in Q2 2024, mainly due to increased compensation.
- Income-producing gross assets reached $6.6 billion at quarter end.
- In Q2 2025, Essential Properties invested $334 million at a weighted average cash yield of 7.9% and a GAAP yield of 9.7%.
- Pro forma net debt to annualized adjusted EBITDAre was 3.5x at quarter end.
- Retained free cash flow after dividends reached $34.4 million for the quarter, over $130 million annualized.
- Annualized base rent grew more than 10% year-over-year, reflecting strong tenant performance and portfolio health.
- Fixed charge coverage ratio was strong at 3.8x for the quarter.
- Net debt-to-EBITDA ratio stood at 5.1x (or 4.6x including unsettled forward equity), within target leverage range.
- Occupancy remained exceptionally high at 99.8% excluding active redevelopment sites.
- Quarterly AFFO per share increased by 5.1% compared to Q3 2024, reaching $0.62.
- Weighted average debt maturity lengthened to 4.8 years with no maturities until 2028.
- Weighted average lease term extended to 9.9 years, supporting long-term income stability.
- Year-to-date AFFO per share for the first nine months was $1.80, a 3.5% increase over the prior year.
- Leasing activity totaled approximately 405,000 square feet in Q2, the highest quarterly total since 2019, with a year-to-date total of about 690,000 square feet.
- Mark-to-market on 205,000 square feet of second-generation space was down 5.4% on a cash basis and up 2.6% on a GAAP basis.
- New York portfolio leased occupancy increased to 88.1%, the highest since early 2022, while San Francisco's occupancy was 75.1%, down due to the Google lease expiration.
- Paramount Group delivered a strong second quarter with core FFO of $0.17 per share, exceeding consensus by $0.03.
- The company ended the quarter with over $534 million in cash and restricted cash, and total debt of $3.2 billion with a weighted average interest rate of 4.3%.
- Cash and cash equivalents stood at approximately $98.6 million.
- Cash and cash equivalents were approximately $98.6 million.
- Earnings Available to Common (EAD) was about $100,000 or effectively zero.
- Second quarter GAAP income was $1.4 million or $0.03 per diluted share, similar to last quarter.
- Second quarter GAAP income was $1.4 million or $0.03 per diluted share, similar to the previous quarter.
- The company declared a second quarter common stock dividend of $0.06 per share, with no plans to reduce it soon.
- The company reported a common stock dividend of $0.06 per share and does not intend to reduce it soon.
- The stock traded at about $2.70, representing roughly a 50% discount to book value.
- The stock was trading at about $2.70, representing roughly a 50% discount to book value.
- Total equity was $2.95 million with a GAAP book value of $5.37 per share.
- Total equity was $2.95 million with GAAP book value at $5.37 per share.
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