Dafinchi AI

Plymouth Industrial REIT, Inc.

PLYM

Financial Services

6d

Financial Performance Summary

Closed $204 million in acquisitions including the Ohio Light industrial portfolio, acquired at a 6.7% initial yield with in-place rents approximately 22% below market.
Occupancy increased sequentially, with an expected year-end same-store occupancy near 96.5%.
Plymouth Industrial REIT reported strong leasing activity with over 1.4 million square feet commenced in Q2 2025, totaling nearly 6 million square feet year-to-date.
Same-store NOI grew 4.1% on a cash basis, supported by strong rent growth and renewal activity.
Share repurchases totaled over 805,000 shares in the quarter plus 225,000 shares post quarter-end.

Hudson Pacific Properties, Inc.

HPP

Financial Services

1w

Financial Performance Summary

G&A expenses improved significantly to $13.5 million in Q2 2025 from $20.7 million in Q2 2024, reflecting ongoing cost reduction efforts.
Same-store cash NOI was $87.1 million in Q2 2025, down from $104.1 million in Q2 2024, mainly due to lower office occupancy.
Second quarter 2025 revenue was $190 million, down from $218 million year-over-year, primarily due to asset sales and lower office occupancy.
Second quarter FFO excluding specified items was $8 million or $0.04 per diluted share, compared to $24.5 million or $0.17 per diluted share in the prior year.
Specified items in Q2 2025 totaled $19.2 million or $0.09 per diluted share, including onetime expenses related to forfeited noncash compensation, debt repayment, and cost cutting.
Studio revenue increased 3% quarter-over-quarter to $34.2 million, with studio NOI improving by $5.4 million due to cost reductions and higher occupancy.

ARMOUR Residential REIT, Inc.

ARR

Financial Services

3w

Financial Performance Summary

ARMOUR Capital Management waived $1.65 million of management fees in Q2, offsetting operating expenses.
ARMOUR raised approximately $104.6 million of capital by issuing approximately 6.3 million shares of common stock through an at-the-market offering program during Q2.
ARMOUR's Q2 GAAP net loss related to common stockholders was $78.6 million or $0.94 per common share.
Distributable earnings available to common stockholders was $64.9 million or $0.77 per common share.
Monthly common stock dividends were $0.24 per share, totaling $0.72 for the quarter.
Net interest income was $33.1 million.
Outstanding common shares total 91.5 million.
Quarter ending book value was $16.90 per common share; estimated book value as of July 21 was $16.81 per common share.
Since June 30, ARMOUR raised approximately $58.8 million of capital by issuing approximately 3.5 million shares of common stock through an at-the-market offering program.

Chatham Lodging Trust

CLDT

Financial Services

1w

Financial Performance Summary

Completed sale of 5 hotels for $83 million at an approximate 6% cap rate on 2024 NOI levels.
GOP margin for the quarter was 46.3%, up 30 basis points from Q2 2024 despite flat RevPAR environment.
Leverage reduced to 21%, with net debt to EBITDA at 3.5x as of June 30, 2025.
Q2 2025 hotel EBITDA was $30.9 million, adjusted EBITDA was $28.5 million, and adjusted FFO was $0.36 per share.
Repurchased approximately 20,000 shares at a weighted average price of $7.02 under a $25 million share buyback plan.

Four Corners Property Trust, Inc.

FCPT

Financial Services

2w

Financial Performance Summary

Annualized cash based on leases in place at quarter end is $249.8 million.
Cash G&A expense, excluding stock-based compensation, was $4.4 million or 6.9% of cash rental income, improved from 7.4% last year.
Cash rental income was $64.5 million, representing growth of over 11% compared to last year.
No material changes to collectibility or credit reserves, nor any balance sheet impairments.
Portfolio occupancy remains strong at 99.4%, with 99.8% of base rent collected for Q2.
Reported AFFO per share of $0.44, up 2.8% from Q2 last year.
Weighted average 5-year annual cash rent escalator remains 1.4%.

CareTrust REIT, Inc.

CTRE

Financial Services

1w

Record Investment Pace and Growth Strategy

CareTrust REIT closed approximately $1.1 billion of investments in Q2 2025, highlighting a rapid growth trajectory.
Over the past 18 months, the company deployed roughly $2.7 billion, surpassing total investments of the previous 8 years combined.
The company acquired Care REIT and entered the U.K. care home market, diversifying its asset and operator base, with a pipeline of approximately $600 million.

Essential Properties Realty Trust, Inc.

EPRT

Financial Services

3w

Financial Performance Summary

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.

Brixmor Property Group Inc.

BRX

Financial Services

2w

Financial Performance Summary

Ancillary revenues contributed 150 basis points to NOI growth, including a revised parking agreement at Point Orlando.
Balance sheet strong with $1.4 billion liquidity, no debt maturities until June 2026, and debt-to-EBITDA at 5.5x.
Base rent growth contributed 360 basis points to same-property NOI growth, outpacing the drag from short-term occupancy decline.
NAREIT FFO was $0.56 per share in Q2, driven by same-property NOI growth of 3.8% despite a 260 basis point drag from tenant disruption.
Net expense reimbursements detracted 110 basis points due to prior year tax assessment benefits.
Signed new ABR reached a record $21 million in the quarter, with a 450 basis point spread between leased and build occupancy.
Updated same-property NOI growth guidance to 3.9%-4.3% and increased FFO guidance to $2.22-$2.25 for 2025.

Federal Realty Investment Trust

FRT

Financial Services

1w

Financial Performance Summary

Comparable property-level operating income grew approximately 5% excluding tax credit impact.
Comparable retail leasing reached 644,000 square feet, near an all-time quarterly record.
Completed asset sales totaling $143 million at blended yields in the mid- to upper 5% range.
Excluding tax credit income, FFO per share was $1.76, beating consensus and prior year results.
Liquidity improved to $1.55 billion with strong credit metrics; net debt-to-EBITDA at 5.4x excluding tax credit income.
Reported FFO per share of $1.91 for Q2 2025 includes $0.15 from new market tax credit income recognized earlier than guided.