Data center construction hit a record $45 billion annual rate in December 2025, surpassing office building spending. Iron Mountain, Digital Realty, and Equinix offer income investors yield and AI exposure.
Data center construction hit a record $45 billion annual rate in December 2025, surpassing office building spending. Iron Mountain, Digital Realty, and Equinix offer income investors yield and AI exposure.
EschCollection/DigitalVision via Getty Images While Vornado Realty Trust ( VNO ) has seen its stock price dip 18% over the last year as negative sentiment towards office REITs remains sticky, the REIT recorded dual beats for its fiscal 2026 first quarter. Its preferreds also remain attractive as per the spread over the U.S. 10-year Treasury rate ( US10Y ). VNO reported first-quarter revenue of $45...
EschCollection/DigitalVision via Getty Images While Vornado Realty Trust ( VNO ) has seen its stock price dip 18% over the last year as negative sentiment towards office REITs remains sticky, the REIT recorded dual beats for its fiscal 2026 first quarter. Its preferreds also remain attractive as per the spread over the U.S. 10-year Treasury rate ( US10Y ). VNO reported first-quarter revenue of $459.11 million , a beat of $31.46 million on consensus estimates but down around 0.5% from the year-ago quarter. This decline was a sequential improvement from a year-over-year decline of 0.9% in the fourth quarter. VNO has not meaningfully grown revenues due to the REIT's active strategy of dispositions. The REIT sold its 512 West 22nd Street Class A office property in Manhattan for $205 million in August last year. VNO also entered into an agreement in the recent first quarter to sell Alexander's ( ALX ) owned Rego Park I property for $235.5 million. VNO has a 32.4% interest in ALX and serves as its external manager. I last covered the ticker in February with a Buy rating, and it's up 7% since then. Vornado Realty Trust Fiscal 2026 First Quarter Supplemental VNO's New York occupancy stood at 90.3% as of the end of its first quarter, a 30 basis points improvement from the end of the fourth quarter. This contrasts with THE MART in Chicago, which saw occupancy fall by 150 basis points over the same time period to 80%. VNO's 555 California Street in downtown San Francisco has also seen weakness, with occupancy down by a larger 220 basis points sequentially to 86.7% and by a larger 560 basis points from occupancy of 92.3% in its year-ago comp. New York contributed around $320.5 million of the total first-quarter rental revenue of $399.18 million, around 80.30% of the total. VNO has expressed an intention to dispose of its non-Manhattan properties at the right price, with the Borough seeing its broad vacancy rate drop 340 basis points to 13.1% as of the end of March. Funds from o...
Sempra press release ( SRE ): Q1 Non-GAAP EPS of $1.51 in-line. Revenue of $3.66B (-3.7% Y/Y) misses by $460M . Earnings GuidanceSempra is updating its full-year 2026 GAAP earnings-per-common share guidance range to $4.87 to $5.37, reflecting actual results through the first quarter, affirming its full-year 2026 adjusted EPS guidance range of $4.80 to $5.30 vs. consensus of $5.11 and affirming its...
Sempra press release ( SRE ): Q1 Non-GAAP EPS of $1.51 in-line. Revenue of $3.66B (-3.7% Y/Y) misses by $460M . Earnings GuidanceSempra is updating its full-year 2026 GAAP earnings-per-common share guidance range to $4.87 to $5.37, reflecting actual results through the first quarter, affirming its full-year 2026 adjusted EPS guidance range of $4.80 to $5.30 vs. consensus of $5.11 and affirming its full-year 2027 EPS guidance range of $5.10 to $5.70 vs. consensus of $5.53 . Sempra is also affirming a 7% to 9% projected long‑term EPS growth rate. More on Sempra Sempra: Solid Utility Growth Story At A Fair Price (Rating Downgrade) Sempra (SRE) Q4 2025 Earnings Call Transcript Sempra 2025 Q4 - Results - Earnings Call Presentation Sempra Q1 2026 Earnings Preview Quant check: Power stocks in focus as EVs, data center demand drive global electricity surge
US stock futures were flat on Thursday as the US waits for Iran to respond to its proposal to reopen the Strait of Hormuz and end the war. Investors continued to assess results from a stream of companies on a busy earnings day. S&P 500 futures and Nasdaq 100 contracts were both little changed as of 7:43 a.m. in New York. West Texas Intermediate Crude Oil slipped around 3.5% to about $92. “We see s...
US stock futures were flat on Thursday as the US waits for Iran to respond to its proposal to reopen the Strait of Hormuz and end the war. Investors continued to assess results from a stream of companies on a busy earnings day. S&P 500 futures and Nasdaq 100 contracts were both little changed as of 7:43 a.m. in New York. West Texas Intermediate Crude Oil slipped around 3.5% to about $92. “We see scope for further tech-led upside to S&P 500 7,750 and as high as 9,000 should the public’s ‘animal spirits’ truly move into high gear,” Evercore ISI strategist Julian Emanuel wrote in a Thursday note. He highlighted a strong earnings season; news of prospective-IPO SpaceX partnering with prospective-IPO Anthropic, and a “breathtaking” near-60% gain for semiconductor stocks since a March 30 low. Emanuel calculates that S&P 500 company sales have grown 11% and earnings by 26% among the 410 companies, or 80% of market capitalization, that have reported so far, with earnings surprising by 19%. In Thursday earnings news, Whirlpool Corp. sank 20% after the appliance maker slashed its earnings forecast and said that the Iran war triggered “recession-level industry decline in the US as consumer confidence collapsed.” Fast-food chain McDonald’s Corp. climbed 3.2% after adjusted earnings per share and revenue topped estimates . Datadog Inc. soared 24% after raising its outlook . Eyes are on post-market results from financial technology firm Block Inc., in February the financial technology company announced massive job cuts , which it described as a bet on AI. Investors will be watching whether its “AI-enabled workforce reduction enhances productivity without compromising execution,” Evercore ISI’s Emanuel said. Labor market indicators are also in focus as investor attention shifts to Friday’s payrolls report and its potential influence on Federal Reserve interest-rate policy. Challenger, Gray & Christmas Inc. data on Thursday showed mounting tech-sector layoffs last month, raising th...
NewAmsterdam Pharma press release ( NAMS ): Q1 Revenue of $3.04M. Net loss: Net loss for the quarter ended March 31, 2026, was $48.4 million, compared to net loss of $39.5 million for the same period in 2025. The individual components of the change are described above in addition to interest income, a non-cash gain related to changes in the fair value of our derivative warrant liabilities and fore...
NewAmsterdam Pharma press release ( NAMS ): Q1 Revenue of $3.04M. Net loss: Net loss for the quarter ended March 31, 2026, was $48.4 million, compared to net loss of $39.5 million for the same period in 2025. The individual components of the change are described above in addition to interest income, a non-cash gain related to changes in the fair value of our derivative warrant liabilities and foreign exchange losses. More on NewAmsterdam Pharma NewAmsterdam Pharma: Cholesterol-Lowering Player Is A Risk-On Buy Today NewAmsterdam Pharma reports FY results Seeking Alpha’s Quant Rating on NewAmsterdam Pharma Historical earnings data for NewAmsterdam Pharma Financial information for NewAmsterdam Pharma
Acorn (ACFN) Reports Q1 Revenue of $2.2M with Steady Growth in High Margin, Recurring Remote Monitoring and Control Revenue; Investor Call Today at 11am ET
Acorn (ACFN) Reports Q1 Revenue of $2.2M with Steady Growth in High Margin, Recurring Remote Monitoring and Control Revenue; Investor Call Today at 11am ET
neiu20001/iStock Editorial via Getty Images Introduction Back when I last covered Postal Realty Trust ( PSTL ), I reiterated their Buy rating, despite being up over 40% since first covering them back in August 2025, highlighting their unique portfolio as the largest REIT focused on USPS-leased properties and strong AFFO growth supporting a very solid dividend yield. Following a “slow and boring” s...
neiu20001/iStock Editorial via Getty Images Introduction Back when I last covered Postal Realty Trust ( PSTL ), I reiterated their Buy rating, despite being up over 40% since first covering them back in August 2025, highlighting their unique portfolio as the largest REIT focused on USPS-leased properties and strong AFFO growth supporting a very solid dividend yield. Following a “slow and boring” start to 2026 - which I like - PSTL remains a Buy, being backed by a valuation that’s still attractive, with plenty of room to grow in a very fragmented market despite the near-term pressure from the Iran conflict and the inflationary pressure that can come after it. Another Reliable Quarter Postal Realty Trust IR PSTL reported a solid quarter overall, with a slight beat on the market’s top- and bottom-line estimates , purchasing 61 USPS properties for a total of ~$34.6 million and delivering $11.6 million in AFFO, meaning roughly $0.33 per share, a slight increase from the $0.32 per share seen in Q1 2025 and in line with the previous 3 quarters, highlighting their stability and resilience. Postal Realty Trust IR The quarter was also marked by the completion of $59.7 million worth of equity sales under their ATM program in Q1 and having $52.8 million unsettled as of early May, supporting their increased acquisition guidance of $130 million to $140 million and a $0.01 AFFO per share guidance increase to $1.40 to $1.42 and supporting their 2027 same store cash revenue growth outlook of ~6.5%, which is very solid. Meanwhile, the significant lease expirations (18.4% of their total in 2027 and 12.9% in 2028) support new contractual rent escalators compared to previous flat rents, potentially unlocking plenty of growth ahead alongside their acquisitions. Postal Realty Trust IR Financially, based on PSTL’s latest report , we can see an overall solid position, with significant amounts of assets that grew significantly since the company’s IPO, with a relatively normal net debt to EBI...
Cullinan Therapeutics press release ( CGEM ): Q1 GAAP EPS of -$0.75. Cash Position: Cash, cash equivalents, short- and long-term investments, and interest receivable were $393.3 million as of March 31, 2026. Cullinan expects its cash resources to provide runway into 2029 under its current operating plan. R&D Expenses: Research and development expenses were $42.1 million for the first quarter of 20...
Cullinan Therapeutics press release ( CGEM ): Q1 GAAP EPS of -$0.75. Cash Position: Cash, cash equivalents, short- and long-term investments, and interest receivable were $393.3 million as of March 31, 2026. Cullinan expects its cash resources to provide runway into 2029 under its current operating plan. R&D Expenses: Research and development expenses were $42.1 million for the first quarter of 2026, compared to $41.5 million for the same period in 2025. G&A Expenses: General and administrative expenses were $11.6 million for the first quarter of 2026, compared to $13.5 million for the same period in 2025. Net Loss: Net loss was $49.7 million for the first quarter of 2026, compared to $48.5 million for the same period in 2025. More on Cullinan Therapeutics Cullinan Therapeutics: Cash-Rich With A Major 2027 FDA Catalyst Cullinan Therapeutics: Thesis Strengthening For This T-Cell Engager Specialist Cullinan Therapeutics, Inc. (CGEM) Presents at Citi's 2026 Virtual Oncology Leadership Summit Transcript Cullinan wins FDA review for cancer therapy developed with Taiho Seeking Alpha’s Quant Rating on Cullinan Therapeutics
Vera Therapeutics press release ( VERA ): Q1 GAAP EPS of -$1.69. During the quarter ended March 31, 2026, net cash used in operating activities was $106.5 million, compared to $54.4 million for the quarter ended March 31, 2025. More on Vera Therapeutics Vera Therapeutics, Inc. (VERA) Presents at TD Cowen 46th Annual Health Care Conference Transcript Vera Therapeutics: Hold Rating Based On Potentia...
Vera Therapeutics press release ( VERA ): Q1 GAAP EPS of -$1.69. During the quarter ended March 31, 2026, net cash used in operating activities was $106.5 million, compared to $54.4 million for the quarter ended March 31, 2025. More on Vera Therapeutics Vera Therapeutics, Inc. (VERA) Presents at TD Cowen 46th Annual Health Care Conference Transcript Vera Therapeutics: Hold Rating Based On Potential For Atacicept In IgAN (Rating Downgrade) Seeking Alpha’s Quant Rating on Vera Therapeutics Historical earnings data for Vera Therapeutics Financial information for Vera Therapeutics
MasterCraft Boat press release ( MCFT ): Q3 Non-GAAP EPS of $0.45 beats by $0.10 . Revenue of $78.21M (+3.0% Y/Y) beats by $2.79M . Adjusted EBITDA, a non-GAAP measure, was $10.7 million, up $3.2 million from the comparable prior-year period Ended the third quarter with cash and investments of $84.6 million. The Company’s outlook is as follows: For full year fiscal 2026, we now expect consolidated...
MasterCraft Boat press release ( MCFT ): Q3 Non-GAAP EPS of $0.45 beats by $0.10 . Revenue of $78.21M (+3.0% Y/Y) beats by $2.79M . Adjusted EBITDA, a non-GAAP measure, was $10.7 million, up $3.2 million from the comparable prior-year period Ended the third quarter with cash and investments of $84.6 million. The Company’s outlook is as follows: For full year fiscal 2026, we now expect consolidated net sales to be $312 million vs. consnesus of $305.73M , with Adjusted EBITDA of $40 million, and Adjusted Earnings per share of $1.65 vs. consnesus of $1.52 . We now expect capital expenditures to be approximately $8 million for the year. More on MasterCraft Boat MasterCraft Boat: Dips And Reversals Can Become Opportunities In The Long Run MasterCraft And Marine Products: The Merger Is Uneven MasterCraft Boat Q3 2026 Earnings Preview Seeking Alpha’s Quant Rating on MasterCraft Boat Historical earnings data for MasterCraft Boat
Ingles Markets press release ( IMKTA ): Q2 GAAP EPS of $1.28. Revenue of $1.31B. Gross profit for the second quarter of fiscal 2026 increased to $325.3 million, or 24.9% of sales, as compared to $311.0 million, or 23.4% of sales, for the second quarter of fiscal 2025. Operating and administrative expenses for the second quarter of fiscal 2026 was relatively flat at $291.2 million, as compared with...
Ingles Markets press release ( IMKTA ): Q2 GAAP EPS of $1.28. Revenue of $1.31B. Gross profit for the second quarter of fiscal 2026 increased to $325.3 million, or 24.9% of sales, as compared to $311.0 million, or 23.4% of sales, for the second quarter of fiscal 2025. Operating and administrative expenses for the second quarter of fiscal 2026 was relatively flat at $291.2 million, as compared with $289.1 million for the second quarter of fiscal 2025. Interest expense totaled $4.5 million for the second quarter of fiscal 2026, as compared with $4.9 million for the second quarter of fiscal 2025. More on Ingles Markets Ingles Markets' Surge Doesn't Mean Its Discount Is Gone Ingles Markets holder Summer Road says candidate Rory Held elected to board Ingles Markets sends a letter to shareholders amid its proxy fight Historical earnings data for Ingles Markets Dividend scorecard for Ingles Markets
hapabapa/iStock Editorial via Getty Images Dutch Bros ( BROS ) saw a benefit in Q1 from its first notable M&A deal. During Q1, the chain reopened 7 converted Clutch Coffee Bar shops and said the early response has been incredible. "Lines are forming, communities are buzzing, and our brand is showing up in a big way. These converted shops are already outperforming our system-wide AUVs and generatin...
hapabapa/iStock Editorial via Getty Images Dutch Bros ( BROS ) saw a benefit in Q1 from its first notable M&A deal. During Q1, the chain reopened 7 converted Clutch Coffee Bar shops and said the early response has been incredible. "Lines are forming, communities are buzzing, and our brand is showing up in a big way. These converted shops are already outperforming our system-wide AUVs and generating, on average, more than 3x their pre-conversion volumes," updated CEO Christine Barone. Based on current inspection and permitting timelines, the company expects to have many Clutch conversions completed by the end of Q3. Clutch Coffee Bar was a regional drive-thru coffee brand founded in 2018 in Mooresville, North Carolina, by Darren Spicer and two co-founders, with the goal of building a high-energy, customer-centric drive-thru beverage concept. The brand grew across the Carolinas by emphasizing fast, personable service, a lively atmosphere; and a menu built around coffee, energy drinks, and other specialty beverages. The sale announcement was made via an open letter from Darren Spicer, the founder and CEO of Clutch Coffee Bar. Weighing in on the Q1 report, RBC Capital Markets analyst Logan Reich said Dutch Bros ( BROS ) solid underlying improvement continued in Q1, with limited-time offerings contributing to the top- & bottom-line beat. "The momentum continued into April, where SSS grew ~5%, which we think has room for upside. Further, management's tone around unit growth opportunities was constructive, and store operations appear to be firing on all cylinders," he added. However, Reich warned that the competition overhang remains, and hence the bear case is still not disprovable. TD Cowen analyst Andrew Charles said Dutch Bros ( BROS ) remains a positive sales revision story and that management presented compelling proof points to diffuse the bear case around competitive infringement. "We attribute the negative stock reaction to the midpoint of raised 2026 SSS guidance...
Global equities have shaken off their war-driven losses as optimism for a resolution to the conflict added momentum to a rally that’s been powered by revived expectations for artificial intelligence. The resumption of oil flows through Hormuz would also reduce risks around the war’s economic impact. The Opening Trade has everything you need to know as markets open across Europe. With analysis you ...
Global equities have shaken off their war-driven losses as optimism for a resolution to the conflict added momentum to a rally that’s been powered by revived expectations for artificial intelligence. The resumption of oil flows through Hormuz would also reduce risks around the war’s economic impact. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
(RTTNews) - While reporting financial results for the first quarter on Thursday, animal health company Zoetis, Inc. (ZTS) raised its earnings, adjusted earnings and revenue guidance for the full year 2026, based on the current operating environment.
(RTTNews) - While reporting financial results for the first quarter on Thursday, animal health company Zoetis, Inc. (ZTS) raised its earnings, adjusted earnings and revenue guidance for the full year 2026, based on the current operating environment.
The company has partnered with Google and Amazon as it develops a commercial-sized machine. The company is planning significant growth for its food waste processors in the commercial space.
The company has partnered with Google and Amazon as it develops a commercial-sized machine. The company is planning significant growth for its food waste processors in the commercial space.