Earnings Feed

$55.2 million

For the second quarter of 2025, we reported net income of $55.2 million, adjusted EBITDAre of $79.5 million and adjusted FFO per share of $0.57, which was an increase of 9.6% compared to the same quarter last year.

0% operating expense growth

These and many other initiatives allowed our portfolio to achieve flat operating expense growth compared to last year, which limited our margin compression to just 90 basis points.

10% annualized organic base fee growth in Q3

This is the highest quarterly organic base fee growth since 2021, driven by broad-based client demand across ETFs, private markets, systematic outsourcing, and cash strategies.