Earnings Call Insights: Modiv Industrial (MDV) Q4 2025 Management View CEO Aaron Halfacre opened the call by acknowledging a transition in the finance leadership, noting that "this is going to be Ray's last earnings call, even though Ray is going to be with us for the remainder of the year, it's his last official earnings call, and John is going to be taking over the helm." He emphasized gratitude...
Earnings Call Insights: Modiv Industrial (MDV) Q4 2025 Management View CEO Aaron Halfacre opened the call by acknowledging a transition in the finance leadership, noting that "this is going to be Ray's last earnings call, even though Ray is going to be with us for the remainder of the year, it's his last official earnings call, and John is going to be taking over the helm." He emphasized gratitude for the accounting and finance team, stating their efficiency allows him to focus on strategic, forward-thinking initiatives. CFO Raymond Pacini reported, "Rental income for the fourth quarter was $11 million compared with $11.7 million in the prior year period." He explained that the decrease was primarily due to the expiration of leases on two office properties, one of which was sold in December and the other is pending sale. Pacini added, "Fourth quarter adjusted funds from operations, or AFFO, was $4 million compared to $4.1 million in the year ago quarter." AFFO per share fell to $0.32 from $0.37 in the prior year, attributed to an increase in diluted shares outstanding from share issuances and partnership units. Pacini detailed that, as of December 31, 2025, "total cash and cash equivalents were $14.4 million, and we had $30 million available to draw on our revolver," and that all consolidated debt is now at a fixed interest rate of 4.15% with no maturities until July 2028. Outlook Halfacre indicated that asset recycling will "start to pick up in earnest" in 2026, particularly focusing on noncore office assets. He explained that current market volatility, especially interest rate fluctuations, is affecting transaction pipelines and buyer confidence, but the company remains committed to its recycling strategy. The CEO elaborated that the goal is to transition to "a rock-solid portfolio long term" by selling office and noncore assets and reallocating into manufacturing-focused industrial properties. He stated, "We will continue to honor our recycling. I think the way w...
(RTTNews) - The Hong Kong stock market has climbed higher in two straight sessions, advancing more than 950 points or 3.6 percent along the way. The Hang Seng Index now rests just beneath the 25,350-point plateau and it may see additional support again on Thursday.
(RTTNews) - The Hong Kong stock market has climbed higher in two straight sessions, advancing more than 950 points or 3.6 percent along the way. The Hang Seng Index now rests just beneath the 25,350-point plateau and it may see additional support again on Thursday.
A “ChatGPT moment” for China’s humanoid robots – the tipping point at which the technology becomes widely usable – remains years away as persistent challenges in adapting to new tasks and training efficiency continue to hold back the industry, leading experts said on Wednesday at the Boao Forum for Asia in Hainan. Despite rapid advances in recent years, humanoid robots were still far from large-sc...
A “ChatGPT moment” for China’s humanoid robots – the tipping point at which the technology becomes widely usable – remains years away as persistent challenges in adapting to new tasks and training efficiency continue to hold back the industry, leading experts said on Wednesday at the Boao Forum for Asia in Hainan. Despite rapid advances in recent years, humanoid robots were still far from large-scale deployment, with both hardware and software limitations yet to be fully resolved, panellists...
peshkov/iStock via Getty Images By Elior Manier US stock benchmarks are still attempting to price a cautious but seemingly better narrative around the Middle East conflict into another rebound in today's session. This continues the theme that had shaken markets in Monday's chaotic but more positive weekly open: the war doesn't seem to be taking a turn for the worse, hinting at what could really be...
peshkov/iStock via Getty Images By Elior Manier US stock benchmarks are still attempting to price a cautious but seemingly better narrative around the Middle East conflict into another rebound in today's session. This continues the theme that had shaken markets in Monday's chaotic but more positive weekly open: the war doesn't seem to be taking a turn for the worse, hinting at what could really be a four to five-week-long conflict. It would be almost too good to be true to see Donald Trump make good on his words, having announced such a deadline to the ceaseless strikes on Islamic regime targets in Iran. The current war isn't faring well with the American public, and right ahead of the midterms coming up in November, the president surely doesn't want to aggravate his case. But during wartime, each headline has to be taken with a pinch of salt, particularly with Iran reportedly rejecting Trump's 15-point plan to add their own demands. They are particularly keen on conserving their long-range ballistic missile capabilities, but the world knows how dangerous they have been, so expect this to be a zone of contention. We should learn more about these developments by Friday. Dow Jones – WTI Inverted Correlation sustains – Source: TradingView Despite all the uncertainty, traders should focus more on what is happening in front of them: the oil stocks' inverse correlation is the only clear market development since the beginning of the month. Tracking the commodity will act as a guide to navigate this clouded environment ( while headlines do the exact opposite). WTI oil had gapped lower in recent sessions and held a lower trajectory since, but has stalled its descent around the $88 level, and this has weighed on stock markets since the mid-session. In today's action, all stock indexes are moving together with no clear outperformer. See more just below. Let's spot where today's cautiously optimistic price action is heading by looking at today’s intraday charts and trading leve...
A pump jack is seen in a field on March 18, 2026 in Pecos, Texas. Brandon Bell | Getty Images Oil prices rose Thursday after Iran signaled it had no intention of holding direct talks with the United States, even as a U.S. proposal to end the war is under review by senior officials in Tehran, according to remarks from the Islamic Republic's foreign minister. International benchmark Brent crude futu...
A pump jack is seen in a field on March 18, 2026 in Pecos, Texas. Brandon Bell | Getty Images Oil prices rose Thursday after Iran signaled it had no intention of holding direct talks with the United States, even as a U.S. proposal to end the war is under review by senior officials in Tehran, according to remarks from the Islamic Republic's foreign minister. International benchmark Brent crude futures added 1.21% to $103.46 per barrel, while U.S. West Texas Intermediate futures climbed 1.35% to $91.54 per barrel. Iranian Foreign Minister Abbas Araghchi told state media on Wednesday that exchanges between the two countries through mediators do not mean "negotiations with the U.S.," Reuters reported. Iranian state media reported that Tehran would reject a U.S. ceasefire offer and had instead laid out its own conditions for ending the conflict.' Stock Chart Icon Stock chart icon The latest comments came as Washington and Tehran continued to offer differing accounts of the status of talks. Trump said Tuesday the U.S. and Iran are "in negotiations right now" and suggested Tehran is eager to make a deal, even as the Islamic Republic has denied any direct talks. Speaking in the Oval Office, Trump said he had backed off from earlier threats to strike Iranian energy infrastructure "based on the fact we're negotiating." Analysts at investment bank TD Securities said the latest oil shock is unlikely to trigger an aggressive policy response from the Federal Reserve. While markets have begun pricing in the risk of rate hikes amid elevated inflation expectations, TD said the Fed is more likely to remain in a "wait and see" mode, with its leadership still leaning toward rate cuts later in 2026. "The Fed will look through the energy shock" so long as longer-term inflation expectations remain anchored and second-round effects stay contained, the bank added. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Ukrainian president says peace deal proposed by US included ceding land to Russia. What we know on day 1,492 The US is making its offer of security guarantees for a peace deal in Ukraine conditional on Kyiv ceding all of the country’s eastern region of Donbas to Russia, president Volodymyr Zelenskyy told Reuters in an interview. With the US focused on its own conflict with Iran, president Donald T...
Ukrainian president says peace deal proposed by US included ceding land to Russia. What we know on day 1,492 The US is making its offer of security guarantees for a peace deal in Ukraine conditional on Kyiv ceding all of the country’s eastern region of Donbas to Russia, president Volodymyr Zelenskyy told Reuters in an interview. With the US focused on its own conflict with Iran, president Donald Trump is applying pressure to Ukraine in an effort to bring a quick end to the four-year war triggered by Russia’s 2022 invasion, Zelenskyy said. “The Middle East definitely has an impact on President Trump, and I think on his next steps. President Trump, unfortunately, in my opinion, still chooses a strategy of putting more pressure on the Ukrainian side,” he told Reuters. “I would very much like the American side to understand that the eastern part of our country is part of our security guarantees,” he said. Russia sought to blackmail the US by offering to stop sharing military intelligence with Iran if, in return, Washington would cut off Ukraine from its intelligence data , Zelenskyy said on Wednesday. Zelenskyy, who said on Monday that Ukraine’s military intelligence has “irrefutable” evidence that Russia was continuing to provide intelligence to Iran, told Reuters he had seen the data but provided no further details. “I have reports from our intelligence services showing that Russia is doing this and saying: ‘I will not pass on intelligence to Iran if America stops passing intelligence to Ukraine.’ Isn’t that blackmail? Absolutely,” Zelenskyy said. Russian attacks killed two people in Ukraine’s northeastern city of Kharkiv and the region around it and a strike on the Danube port of Izamil damaged port facilities and energy infrastructure, officials said. Prosecutors in Kharkiv region, in a statement on Telegram early on Thursday, said a woman injured in an attack on the city of Kharkiv had died of her injuries in hospital. They said nine people were injured in strikes ...
Unfortunately, a prolonged closure or slowing of traffic through the Strait of Hormuz has ripple effects far beyond oil and gas prices. One corner of the market that deserves increased attention is consumer goods. The Strait of Hormuz, a narrow waterway that connects the Persian Gulf to the global economy, could have deep, severe, and often overlooked repercussions if closed for even a short perio...
Unfortunately, a prolonged closure or slowing of traffic through the Strait of Hormuz has ripple effects far beyond oil and gas prices. One corner of the market that deserves increased attention is consumer goods. The Strait of Hormuz, a narrow waterway that connects the Persian Gulf to the global economy, could have deep, severe, and often overlooked repercussions if closed for even a short period of time. Here are seven reasons why a Strait of Hormuz closure could hammer consumer goods stocks and what long-term investors should expect. One-third of the world's fertilizer trade travels through the Strait of Hormuz. As we head into the growing season, this lack of available fertilizer will raise costs for farmers and, in turn, increase the prices of the foods they grow. Continue reading
Peers, in vote of 266 to 141, reject Keir Starmer’s proposals for public consultation to decide if social media ban should be introduced in UK The House of Lords has backed an Australian-style social media ban for under-16s. Peers, in a vote of 266 to 141, rejected Keir Starmer’s proposals for a public consultation to decide whether a ban should be introduced. Continue reading...
Peers, in vote of 266 to 141, reject Keir Starmer’s proposals for public consultation to decide if social media ban should be introduced in UK The House of Lords has backed an Australian-style social media ban for under-16s. Peers, in a vote of 266 to 141, rejected Keir Starmer’s proposals for a public consultation to decide whether a ban should be introduced. Continue reading...