Image source: The Motley Fool. Thursday, January 29, 2026 at 11 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Marguerite Nader Chief Operating Officer — Patrick Waite Chief Financial Officer — Paul Seavey TAKEAWAYS NOI Growth -- Full year NOI grew by 4.8% with 4.1% growth in Q4, both in line with management guidance. -- Full year NOI grew by 4.8% with 4.1% growth in Q4, both in line with man...
Image source: The Motley Fool. Thursday, January 29, 2026 at 11 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Marguerite Nader Chief Operating Officer — Patrick Waite Chief Financial Officer — Paul Seavey TAKEAWAYS NOI Growth -- Full year NOI grew by 4.8% with 4.1% growth in Q4, both in line with management guidance. -- Full year NOI grew by 4.8% with 4.1% growth in Q4, both in line with management guidance. Normalized FFO Per Share -- Reached $3.06 for the year, up 5%; Q4 normalized FFO was $0.79 per share, showing 4.25% growth. -- Reached $3.06 for the year, up 5%; Q4 normalized FFO was $0.79 per share, showing 4.25% growth. Dividend Increase -- Annual dividend set at $2.17 per share for 2026, a 5.3% increase, marking the 22nd consecutive year of annual dividend growth. -- Annual dividend set at $2.17 per share for 2026, a 5.3% increase, marking the 22nd consecutive year of annual dividend growth. 2026 Guidance -- Full year normalized FFO guidance midpoint is $3.17 per share (range: $3.12-$3.22), with projected core property operating income growth of 5.6% and core revenue growth of 4.1%-5.1%. -- Full year normalized FFO guidance midpoint is $3.17 per share (range: $3.12-$3.22), with projected core property operating income growth of 5.6% and core revenue growth of 4.1%-5.1%. Core MH Rent Growth Guidance -- Projected at 5.1%-6.1% for the full year. -- Projected at 5.1%-6.1% for the full year. Core RV and Marina Rent Growth Guidance -- Projected at 2.4%-3.4%; rental income from RV and Marina annuals expected to rise 5.2% at midpoint. -- Projected at 2.4%-3.4%; rental income from RV and Marina annuals expected to rise 5.2% at midpoint. First Quarter 2026 Outlook -- Normalized FFO per share projected at $0.81-$0.87, representing about 26% of the full year midpoint; core property operating income growth guided at 4.5%-5.1% for the quarter. -- Normalized FFO per share projected at $0.81-$0.87, representing about 26% of the full year midpoint; core property operat...
A key part of the USA Rare Earth buy-thesis just blew up. USA Rare Earth (USAR 10.33%) stock soared to close nearly 8% higher on Monday, after the U.S. Department of Commerce announced it will extend a $1.3 billion CHIPS Act loan, and pay $277 million to acquire an equity stake in the miner of rare-earth metals. The stock's gone nowhere but down ever since. Shares of USA Rare Earth tumbled 13% thr...
A key part of the USA Rare Earth buy-thesis just blew up. USA Rare Earth (USAR 10.33%) stock soared to close nearly 8% higher on Monday, after the U.S. Department of Commerce announced it will extend a $1.3 billion CHIPS Act loan, and pay $277 million to acquire an equity stake in the miner of rare-earth metals. The stock's gone nowhere but down ever since. Shares of USA Rare Earth tumbled 13% through 11:35 a.m. Thursday, wiping out the last of its gains from the Commerce announcement. The question is: Why? Buyer's remorse As Reuters reports today, the reason is basically this: "The Trump administration is stepping back from plans to guarantee a minimum price for U.S. critical minerals projects, a tacit acknowledgment of a lack of congressional funding and the complexity of setting market pricing." Last year, the U.S. Department of Defense invested $400 million in USA Rare Earth rival MP Materials (MP 7.89%). More than the investment, DOD also guaranteed MP that it would buy all the rare-earth neodymium-praseodymium the company could produce for at least $110 per kilogram -- and promised to keep that price floor in place for 10 years. Sources now tell Reuters that the government has decided this was a mistake -- and that it will not extend similar price guarantees to other recipients of government investment, such as Lithium Americas (LAC 10.23%), Trilogy Metals (TMQ 9.23%), or USA Rare Earth. Expand NASDAQ : USAR USA Rare Earth Today's Change ( -10.33 %) $ -2.60 Current Price $ 22.58 Key Data Points Market Cap $3.7B Day's Range $ 21.03 - $ 22.78 52wk Range $ 5.56 - $ 43.98 Volume 581K Avg Vol 14M What this means for USA Rare Earth stock Price guarantees turn into subsidies when market prices fall below the guaranteed price, and so the upshot of this news is: No subsidies for USA Rare Earth. If USA Rare Earth loses money, therefore, it... loses money, and the government won't act to prevent that. Speaking of which, analysts forecast USA Rare Earth will lose $252 mil...
Matthew Fowler/iStock Editorial via Getty Images Writing about Tesla, Inc. ( TSLA ) is always a funny experience. In a company with such polarized opinions, taking a moderate tone is definitely a good way to receive criticism from both bulls and bears. I believe that in all my years of analyzing companies, I’ve never seen an example where the recent fundamental trajectory is so de-correlated from ...
Matthew Fowler/iStock Editorial via Getty Images Writing about Tesla, Inc. ( TSLA ) is always a funny experience. In a company with such polarized opinions, taking a moderate tone is definitely a good way to receive criticism from both bulls and bears. I believe that in all my years of analyzing companies, I’ve never seen an example where the recent fundamental trajectory is so de-correlated from price action. In other words, a company where investors are willing to bet increasingly larger amounts of money on future promises while the present reality keeps getting worse. Data by YCharts And why is that? Tesla bulls are not investing in the results the company is showing today. They are paying to be a partner of CEO Elon Musk in any of his future endeavors, believing he’s capable of landing any project, even with the timeframe always being questionable. Are they wrong? Only the future will tell... There’s also a history of Tesla’s price action destroying short sellers, which helps keep the stock unanchored, even when a large number of investors believe the valuation makes no sense. In my previous article on TSLA, I tried to dissect some of these opportunities, like robotaxis and Optimus, and value them as separate businesses. Of course, there’s a lot of speculation here, since none of these products has a defined business model yet, but I’d invite you to read that article too. The latest Tesla earnings call was another example of the same debacle between the present and the future, which I’ll be commenting on. Tesla, Inc. Q4 2025 Earnings Call Auto sales continue to suffer. Revenue for the quarter reached $24.9 billion, a 3.1% year-over-year decline. The contraction was mostly in the automotive segment, which fell 11% YoY to $17.69 billion. Total deliveries declined 8.6% YoY, after 2024 was already below 2023. It’s also worth remembering that on the Q3 2024 earnings call , Elon gave a "best guess" of 20% to 30% growth in vehicle sales in 2025. Well, not even close......
Oracle Corporation Announces Oracle Life Sciences Ai Data Platform Unites Data and Agentic Intelligence to Accelerate Medical Breakthroughs and Drive Commercial Success marketscreener.com
Oracle Corporation Announces Oracle Life Sciences Ai Data Platform Unites Data and Agentic Intelligence to Accelerate Medical Breakthroughs and Drive Commercial Success marketscreener.com
When words fail, clothes do the talking – from the Beckhams to Diana’s revenge dress, fashion is the language of image management • Don’t get Fashion Statement delivered to your inbox? Sign up here It’s been over a week since Beckxit and still we wait. Yes, we’ve had David’s aphorisms at Davos ; Romeo on the Willy Chavarria catwalk ; Cruz on tour ; Victoria’s reunion – not to mention the various f...
When words fail, clothes do the talking – from the Beckhams to Diana’s revenge dress, fashion is the language of image management • Don’t get Fashion Statement delivered to your inbox? Sign up here It’s been over a week since Beckxit and still we wait. Yes, we’ve had David’s aphorisms at Davos ; Romeo on the Willy Chavarria catwalk ; Cruz on tour ; Victoria’s reunion – not to mention the various fulsome Instagram posts from both parties. But no rebuttal, no apologies, no tears. Then, the remaining Beckhams hit Paris fashion week and finally we got our first statement. David Beckham – once the most famous footballer in the world, now its most famous parent – was in town to wingman Victoria Beckham as she became a knight of the Order of Arts and Letters. But he was also there for the optics. The remaining kids flew in. So did their partners. Some wore Victoria Beckham, others wore Loewe, everyone looked demure and sober and matchy-matchy, what a celebrity astrologist might call “a united front”. Continue reading...
Chinese leader bestows a little largesse on the British PM while getting the green light for London ‘mega embassy’ Let’s face it, this was never likely to be a meeting of equals. Keir Starmer had been desperate to squeeze in a trip to China for some time. Another country to tick off his list and he always feels a lot better about himself when he’s abroad. Less noise from his unhappy MPs. Plus he l...
Chinese leader bestows a little largesse on the British PM while getting the green light for London ‘mega embassy’ Let’s face it, this was never likely to be a meeting of equals. Keir Starmer had been desperate to squeeze in a trip to China for some time. Another country to tick off his list and he always feels a lot better about himself when he’s abroad. Less noise from his unhappy MPs. Plus he loved the pomp and ceremony that came with it. The large flags. The military bands. A country that treated him with respect. Almost. Besides, Mark Carney and Emmanuel Macron had both made recent trips. He had seen their holiday photos. Now it was his turn. He couldn’t bear to be left out. The Chinese? Not so much. They couldn’t really see the point. But they would schedule in a couple of meetings on the condition the UK government gave the green light to the new “mega embassy” near the Tower of London. Consider it done, said Keir. All systems go for the first prime-ministerial visit since Theresa May in 2018. Continue reading...
The BBC has made clear it will not use licence fee payers’ money to help leading pundits such as Micah Richards to work for rival podcasts during this summer’s World Cup. Cost constraints and environmental considerations mean the BBC’s World Cup presentation will come from its Salford studios for the bulk of the tournament, with Richards expected to have a leading role. However, he has also commit...
The BBC has made clear it will not use licence fee payers’ money to help leading pundits such as Micah Richards to work for rival podcasts during this summer’s World Cup. Cost constraints and environmental considerations mean the BBC’s World Cup presentation will come from its Salford studios for the bulk of the tournament, with Richards expected to have a leading role. However, he has also committed to appearing on The Rest is Football podcast, which will be presented by Gary Lineker in New York. During Euro 2024 the then BBC trio of Lineker, Richards and Alan Shearer recorded episodes of The Rest is Football together in Berlin, but the BBC’s decision to stay at home and Lineker’s split from the corporation last year have created issues in terms of filming together during the World Cup. In another complication, The Rest is Football is expected to be shot to higher production standards this summer owing to a distribution deal with Netflix, which will be making the podcast available on its platforms after a £14m deal agreed last month. Netflix’s deal with Lineker’s production company, Goalhanger, is understood to include a commitment to produce more than 40 Rest is Football video podcasts during the World Cup, which the streaming platform will want to feature as many big-name guests as possible. Lineker will be in Netflix’s New York studio throughout, with other pundits to join him when they are available. The BBC has told its pundits that it is happy for them to do other media work during the World Cup and many are expected to do so, but it will not subsidise the cost. As a result Richards’ travel costs will have to be met by Netflix or Goalhanger. Shearer will be in the US throughout the tournament on co-commentary duties by the BBC, so there is more chance of him presenting The Rest is Football alongside Lineker in person. View image in fullscreen Gary Lineker (left) and Alan Shearer will both be in the US this summer for the World Cup. Photograph: Ben Whitley/PA ...
Hudson Bay Capital Management brought on a team of ex- BlackRock Inc. executives to start a new private credit strategy for the $20 billion money manager, according to people with knowledge of the matter. The former BlackRock investors, who specialized in middle-market lending, joined Hudson Bay over the past few months, said the people, asking not to be identified discussing the private company’s...
Hudson Bay Capital Management brought on a team of ex- BlackRock Inc. executives to start a new private credit strategy for the $20 billion money manager, according to people with knowledge of the matter. The former BlackRock investors, who specialized in middle-market lending, joined Hudson Bay over the past few months, said the people, asking not to be identified discussing the private company’s hires. Hudson Bay’s private credit team of about 10 includes Raj Vig , Jon Hugo , Jeffrey Gordon and Tim Morris, the people added. The new group comes mostly from BlackRock’s legacy private credit business, which existed for several years before the world’s largest asset manager paid $12 billion to bring on hundreds of staffers and new leadership from credit specialist HPS Investment Partners . A representative for Hudson Bay declined to comment. A BlackRock spokesperson declined to comment. Vig, Hugo, Gordon and Morris didn’t respond to requests for comment. Some of the BlackRock executives were affiliated with Tennenbaum Capital Partners , which focused on loans to middle-market companies and which BlackRock acquired in 2018. While BlackRock is expanding considerably in private markets and now manages more than $600 billion overall of alternative assets, some of its older private credit funds have faced challenges. BlackRock TCP Capital Corp. , a publicly traded middle-market fund, disclosed last week it was writing down its net asset value by 19% largely in response to six soured investments. Its shares plunged earlier this week. Read More: BlackRock Cuts Value of Private Debt Fund by 19%, Waives Fee As it continues to integrate the HPS acquisition, BlackRock has been shifting its approach to private credit. The company has separately cut about 10 people from its private financing solutions group. Hudson Bay was founded about 20 years ago. Last year, Chief Executive Officer Sander Gerber said the firm was staffing up in private credit and real estate.
Deutsche Bank has had a record year for profits , with higher trading income and a new share buyback — although a raid on their Frankfurt offices yesterday still casts a cloud over the company. Revenue from fixed-income and currencies trading rose 6% from a year ago, the bank said in a statement today. Germany’s largest bank also announced a €1 billion buyback, which along with a €1 dividend per s...
Deutsche Bank has had a record year for profits , with higher trading income and a new share buyback — although a raid on their Frankfurt offices yesterday still casts a cloud over the company. Revenue from fixed-income and currencies trading rose 6% from a year ago, the bank said in a statement today. Germany’s largest bank also announced a €1 billion buyback, which along with a €1 dividend per share would bring distributions to 50% of last year’s profit. This comes a day after a surprise raid of its Frankfurt offices , part of a money laundering investigation into past dealings with firms linked to the now-sanctioned Roman Abramovich, people familiar with the matter told our reporters previously. The allegations relate to transactions for the period 2013 to 2018. “We know where we want to go, and we will not be diverted from that path,” Chief Executive Officer Christian Sewing said in a message to staff. “The presence of the Frankfurt public prosecutor’s staff in our offices yesterday does nothing to change that.” Sewing also assured investors that he had no plans to curtail the independence of the bank’s research after one of the lender’s analysts suggested Europe may become less willing to hold US assets amid President Donald Trump’s threats over Greenland. US Treasury Secretary Scott Bessent said last week that Sewing had called him to dismiss the report. “It is quite normal for management to have a slightly different view of things than the researchers,” Sewing said. “It’s good for a bank and good for our clients.” What You Need to Know Today The US is “no longer the reliable ally it once was,” said PME Chairman Alae Laghrich in a statement today , explaining why the €60 billion Dutch pension fund will focus on European opportunities going forward, especially in tech. Laghrich listed policies like trade tariffs, as well as “threats and not upholding existing agreements” as reasons for the decision. The comments come amid market speculation that European funds ...
Keir Starmer has taken a major step towards rapprochement with China, opening the door to a UK visit from Xi Jinping in a move that drew immediate anger from British critics of Beijing. During the first visit by a British prime minister to China in eight years – a period which Starmer described as an “ice age” – he said talks with the Chinese president had left the bilateral relationship in a stro...
Keir Starmer has taken a major step towards rapprochement with China, opening the door to a UK visit from Xi Jinping in a move that drew immediate anger from British critics of Beijing. During the first visit by a British prime minister to China in eight years – a period which Starmer described as an “ice age” – he said talks with the Chinese president had left the bilateral relationship in a stronger place. However, while Starmer and his team were flaunting the results of the visit – including a visa waiver, a cut in whisky tariffs and economic cooperation agreements – there was growing concern in the UK over the prospect of a return trip. While travelling to Beijing, Starmer had said the UK government would remain “clear-eyed and realistic” about national security threats from China, despite Beijing’s espionage activities in the UK and imposition of sanctions on British MPs. But, asked whether Starmer would like Xi to visit the UK, his official spokesperson said: “The prime minister has been clear that a reset relationship with China, that it’s no longer in an ice age, is beneficial to British people and British business. I’m not going to get ahead of future engagements, we’ll set those out in the normal way.” Five Conservative MPs, who are some of the most vocal critics of Beijing in parliament, and two peers are among nine Britons who had sanctions imposed on them by China in 2021 in retaliation for measures taken by the UK over human rights abuses against the Uyghur people. It would be politically challenging for Starmer to invite Xi to the UK while the sanctions remained in place – although No 10 said progress had been made on this in the talks – and while Chinese diplomats are banned from parliament after a spying row. 11:17 Starmer thaws China relations: what’s at stake? - The Latest The first, and last, time Xi travelled to the UK was for a state visit in 2015, at the height of the “golden era” in relations under the then prime minister, David Cameron, when...
SIGNAUX GIROD (ISIN : FR0000060790) RESULTATS CONSOLIDES 2024/2025 Bellefontaine, le 29 janvier 2026 – 18h00 Le conseil d’administration a arrêté le 29 janvier 2026 les comptes consolidés de l’exercice clos au 30 septembre 2025. Les procédures d’audit sur les comptes consolidés ont été effectuées. Le rapport de certification est en cours d’émission. En millions d’Euros 2024/2025 2023/2024 Variatio...
SIGNAUX GIROD (ISIN : FR0000060790) RESULTATS CONSOLIDES 2024/2025 Bellefontaine, le 29 janvier 2026 – 18h00 Le conseil d’administration a arrêté le 29 janvier 2026 les comptes consolidés de l’exercice clos au 30 septembre 2025. Les procédures d’audit sur les comptes consolidés ont été effectuées. Le rapport de certification est en cours d’émission. En millions d’Euros 2024/2025 2023/2024 Variations (Chiffres arrondis au dixième de million le plus proche) Du 01/10/2024 Du 01/10/2023 en Au 30/09/2025 Au 30/09/2024 M€ Chiffre d’affaires 101,6 101,8 - 0,2 Résultat opérationnel courant + 1,4 + 1,7 - 0,3 Perte de valeur - 0,4 - 0,4 0,0 Autres produits et charges opérationnels + 0,3 + 0,6 - 0,3 Résultat opérationnel + 1,3 + 1,9 - 0,6 Résultat net consolidé + 0,8 + 0,9 - 0,1 Résultat net part du groupe + 0,8 + 0,9 - 0,1 EBITDA* + 7,3 + 7,4 - 0,1 * L’EBITDA représente le résultat net consolidé avant impôt, amortissements, provisions, pertes de valeur et résultat financier tels qu’ils apparaissent au compte de résultat consolidé. Cet indicateur non défini par une norme IFRS, est utilisé pour mesurer la capacité du groupe à générer de la trésorerie à partir de ses activités opérationnelles. Sur l’exercice 2024/2025, le chiffre d’affaires est en léger recul de 0,2 %. Le bénéfice net consolidé de l’exercice atteint 0,8 M€. Il intègre une perte de valeur de 0,4 M€ constatée sur le goodwill de notre filiale spécialisée Atech. L’EBITDA est stable à 7,3 M€ et passe de 7,3 % du chiffre d’affaires au 30 septembre 2024 à 7,1 % du chiffre d’affaires au 30 septembre 2025. Les marges ont sur le groupe légèrement baissé durant l’exercice mais une amélioration du résultat financier et une baisse de la charge d’impôt ont permis de maintenir le niveau de résultat net consolidé. Le résultat opérationnel courant ressort à +1,4 M€ et se décompose de la manière suivante sur les différents pôles : Signalisation France : (CA : 61,7 M€ - ROC : -0,7 M€) Dans un contexte économique et budgétaire cont...