业绩总结 - 第三季度核心FFO和AFFO每稀释股分别增长1.2%和2.4%，达到0.85美元和0.86美元[9] - 年度基础租金（ABR）较去年增长7.2%[9] - 每季度支付0.60美元的股息，季度股息率增长3.4%，年化股息收益率为5.6%[9] 投资与融资 - 在截至2025年9月30日的九个月内，完成了7.48亿美元的投资，超过之前提供的指导范围的高端[9] - 以590万的加权平均资本化率出售23处物业，交易总额为4130万美元[9] - 发行1670737股普通股，筹集7170万美元，平均每股价格为42.89美元[9] - 发行5亿美元的4.600%无担保高级票据，到期日为2031年[9] - 维持10.7年的加权平均债务到期，流动性总额为14亿美元[9] 资产与市场覆盖 - 资产组合中有3697处物业，覆盖50个州，租户超过400个[14] - 总资本为130亿美元，债务总额为49.5亿美元，权益为81亿美元[29]

Broadstone Net Lease ( BNL ) is a REIT focused on net leases in the industrial and retail single-tenant commercial real estate markets, with a diversified portfolio of tenants across the US andAs of 2025, I've got over 10 years of researching companies. In total, throughout my investing life, I estimate that I researched (in depth) well over 1000 companies, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market stocks, which I believe could help me prov ...

Forward Looking Statements Certain statements contained in this presentation that are not historical facts are forward-looking statements within the meaning of the safe harbor from civil liability provided for such statements by the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act")). Forward-looking statements provide our current e ...

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Armada Hoffler Properties (NYSE:AHH) Q3 2025 Earnings Call November 04, 2025 08:30 AM ET Speaker2Good morning, ladies and gentlemen, and welcome to the Armada Hoffler AHH Third Quarter 2025 earnings conference call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on November 4th, 2025. I would now li ...

Key Takeaways Vornado Realty Trust's adjusted FFO rose 9.6% year over year to $0.57 per share, topping estimates.Revenues grew 2.4% to $453.7 million, with higher same-store NOI and occupancy gains across portfolios.Vornado acquired 623 Fifth Avenue for $218 million and sold 512 West 22nd Street for $205 million.Vornado Realty Trust’s (VNO)  third-quarter 2025 funds from operations (FFO) plus assumed conversions, on an adjusted basis, were 57 cents per share, which outpaced the Zacks Consensus Estimate of 5 ...

核心财务业绩 - 2025年第三季度调整后运营资金为每股3.30美元，超出市场预期3.19美元，但略低于上年同期的3.32美元 [1] - 季度总收入同比增长10%至7.323亿美元，超出市场预期的7.051亿美元 [2] - 总运营收入微降至3.742亿美元，调整后税息折旧及摊销前利润为4.933亿美元，同比增长4.4%，但利润率从70.9%降至67.5% [4] 收入构成 - 场地租赁收入同比增长4.9%至6.564亿美元，其中国内现金租赁收入为4.708亿美元（增长1.5%），国际现金租赁收入为1.84亿美元（增长14.4%） [3] - 场地开发收入同比大幅增长至7590万美元 [3] - 场地租赁业务运营利润为5.291亿美元，同比增长4.2%，占总运营利润的97.5% [4] 成本与费用 - 场地开发成本显著增加至6250万美元 [5] - 利息支出同比增长25.5%至1.202亿美元 [5] 投资组合与资本支出 - 第三季度收购了447个通信站点（包括Milicom的446个站点），总现金对价为1.428亿美元，并新建了151座塔楼 [6] - 截至2025年9月30日，公司拥有或运营44,581个通信站点，其中美国及属地17,409个，国际27,172个 [6] - 总现金资本支出为7190万美元，其中 discretionary 支出为5750万美元，非 discretionary 支出为1440万美元 [7] - 季度后以2.174亿美元现金完成了与Millicom交易相关的2020个站点的收购 [7] 未来收购与流动性 - 截至2025年11月3日，公司签约收购78个通信站点，总对价6690万美元现金，预计于2026年第一季度完成 [8] - 2025年10月，以4.46亿加元完成了对加拿大365座塔楼及相关业务的收购 [8] - 截至2025年9月30日，现金及等价物等为5亿美元，净债务为123亿美元，净债务与年化调整后税息折旧及摊销前利润比率为6.2倍 [10] - 截至2025年11月3日，公司在20亿美元循环信贷额度下未偿还金额为3.85亿美元 [10] 股东回报与现金流 - 第三季度回购748,000股A类普通股，总金额1.541亿美元，季后再回购210,000股，总金额4020万美元 [11] - 截至2025年11月3日，股票回购计划剩余授权额度为13亿美元 [11] - 宣布第四季度现金股息为每股1.11美元 [13] - 第三季度经营活动产生的净现金约为3.18亿美元，高于上年同期的3.047亿美元 [12] 2025年业绩指引 - 将2025年每股调整后运营资金指引区间从12.65-13.02美元修订为12.76-12.98美元，市场预期为12.80美元 [14] - 调整后税息折旧及摊销前利润预期区间为19.09-19.19亿美元 [14] - 场地租赁收入预期区间为25.68-25.78亿美元，场地开发收入预期区间为2.4-2.5亿美元 [14] 同业公司表现 - Cousins Properties第三季度运营资金为每股0.69美元，符合预期，同比增长3%，但加权平均入住率下降且利息支出增加 [16] - Crown Castle Inc第三季度调整后运营资金为每股1.12美元，超出预期1.04美元，但同比下降近7%，并上调了2025年业绩展望 [17]

Supplemental Financial & Operating Information for the Quarter Ended September 30, 2025 | Nasdaq: GOOD Legal Disclaimer Forward-Looking Statements: This presentation may include forward-looking statements within the meaning of the Securities Act of 1933 or the Securities Exchange Act of 1934. Forward-looking statements are typically identified by words such as "estimate," "may," "might," "believe," "will," "provided," "anticipate," "future," "could," "growth," "plan," "project," "intend," "expect," "should, ...

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行业市场现状 - 多数房地产投资信托基金投资者仅关注美国房地产投资信托基金市场，因其是全球规模最大、最成熟的市场 [1] 投资策略观点 - 仅关注美国市场是一个错误 [1] - 目前全球范围内房地产投资信托基金数量已超过一定规模 [1]