Dafinchi AI

SBRA

Financial Services

Cash NOI from the managed senior housing portfolio increased to $25.3 million from $24.1 million in the prior quarter.
Cash rental income from the triple-net portfolio increased by $2.3 million sequentially.
Liquidity remains strong with approximately $1.2 billion available including cash, revolver, and ATM program.
Net debt to adjusted EBITDA ratio decreased to 5x as of June 30, 2025, down from 5.19x in Q1 and 5.45x in Q2 2024.
Normalized AFFO per share for Q2 2025 was $0.38, up from $0.37 in Q1.
Normalized FFO per share for Q2 2025 was $0.37, up from $0.35 in Q1, representing a 6% improvement year-over-year.
Normalized FFO totaled $89.2 million and normalized AFFO totaled $91.6 million in Q2 2025.
Weighted average interest rate on debt decreased from 4.14% to 4.04% following refinancing.

CUZ

Financial Services

Cousins Properties delivered $0.70 a share in FFO for Q2, $0.01 above consensus.
GAAP NOI grew 3.2% and cash NOI grew 1.2% during Q2 compared to last year.
Net debt to EBITDA remains at an industry-leading 5.1x with strong liquidity and a well-laddered debt maturity schedule.
Property tax expenses showed lumpiness but are forecasted to be up 2.8% for 2025 on a gross basis and down 4% net of accrual adjustments.
Same-property net operating income increased 1.2% on a cash basis and 1.6% year-to-date.
Second-generation cash rents increased 10.9% in the quarter and 5.4% year-to-date.
The Link acquisition is immediately accretive with an initial cash yield of 6.7% and GAAP yield of 8.3%.

MET

Financial Services

Asia segment earnings were $350 million, down 22%, driven by less favorable investment and underwriting margins despite strong sales growth.
Corporate and Other segment reported an adjusted loss of $233 million, slightly worse than prior year.
EMEA segment earnings were $100 million, up 30%, reflecting strong volume and sales growth.
Group Benefits adjusted earnings were $400 million, down 25% from the prior year, impacted by less favorable life and non-medical health underwriting.
Latin America posted $233 million in adjusted earnings, up 3% and 15% on a constant currency basis, driven by volume growth and favorable Chilean encaje returns.
MetLife Holdings earnings were $144 million, down 6%, reflecting lower variable investment income and runoff of the business.
MetLife reported adjusted earnings of $1.4 billion or $2.02 per share for Q2 2025, down 16% year-over-year primarily due to less favorable underwriting and lower investment margins.
Retirement and Income Solutions (RIS) segment earnings were $368 million, down 10% due to lower recurring interest margins.

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