(RTTNews) - Real estate investment trust VICI Properties Inc. (VICI), on Wednesday, reported an increase in profit for the first quarter, as revenues rose.
(RTTNews) - Real estate investment trust VICI Properties Inc. (VICI), on Wednesday, reported an increase in profit for the first quarter, as revenues rose.
master1305/iStock via Getty Images Big winners are exciting. Every investor loves to talk about their “double baggers” and home runs, but perhaps the more effective means of beating the market is the avoidance of bad investments. At 2nd Market Capital, we emphasize digging into management teams, balance sheets, debt covenants, and any other subtle aspect that can cause a stock to implode. Avoiding...
master1305/iStock via Getty Images Big winners are exciting. Every investor loves to talk about their “double baggers” and home runs, but perhaps the more effective means of beating the market is the avoidance of bad investments. At 2nd Market Capital, we emphasize digging into management teams, balance sheets, debt covenants, and any other subtle aspect that can cause a stock to implode. Avoiding disaster allows one’s winners to accrue toward steadily improving account value. With that in mind, we built and continuously update a list of REITs to avoid. These are companies that appear opportunistic at first glance, but a deeper dive reveals significant risks to shareholder value. The full list on Portfolio Income Solutions currently consists of 14 REITs. This article will focus specifically on Community Healthcare Trust Incorporated ( CHCT ). The Temptation CHCT looks tantalizing with an 11.15% dividend yield. It has a nearly perfect dividend history with continuous raises. CHCT To top it all off, the dividend appears fully covered with an 88.4% AFFO payout ratio on 2025 AFFO. However, we think a dividend cut is quite likely due to 5 key problems: Excessive G&A. True AFFO is much lower than reported AFFO. Tenant problems. Busted growth model. Mounting debt load. Excessive G&A 2025 G&A was $25.095 million. CHCT This is a company with a market cap of $460 million, so G&A in a single year was 5.4% of market cap. 2025 rental revenue was $121.351 million, so G&A was almost 21% of revenue. That level of overhead expense is so hard to overcome. It is imperative that small REITs operate with extreme efficiency. CHCT fails to do this, instead electing to pay executives large salaries and bonuses. We had hoped the company learned its lesson after the egregious $24.7 million former CEO Timothy Wallace received in 2023. S&P Global Market Intelligence Unfortunately, really high G&A resurfaced in 2025. True AFFO Does Not Cover The Dividend CHCT’s reported AFFO is consistently hig...
Starwood Capital Group is halting redemptions from one of its real estate investment trusts in a bid to support the fund’s share price and performance. Starwood Real Estate Income Trust is “temporarily suspending” share repurchases subject to a few exceptions as it seeks to preserve liquidity while it waits for the commercial real estate market to improve, according to a letter to shareholders . T...
Starwood Capital Group is halting redemptions from one of its real estate investment trusts in a bid to support the fund’s share price and performance. Starwood Real Estate Income Trust is “temporarily suspending” share repurchases subject to a few exceptions as it seeks to preserve liquidity while it waits for the commercial real estate market to improve, according to a letter to shareholders . The non-traded REIT had been limiting redemptions for roughly two years. The firm has described the limits as a way to avoid selling real estate at depressed prices. “The temporary actions announced today reflect our commitment to making the right long-term decisions for all SREIT shareholders, including the nearly 70% who have never made a redemption request,” Starwood Chief Executive officer Barry Sternlicht said in an emailed statement. “Our interests are fully aligned with our investors as the largest owner of SREIT, with over a $500 million ownership stake.” The fund is also cutting its annualized monthly distribution to shareholders, the letter said.
halbergman/iStock via Getty Images I last covered First Trust India NIFTY 50 Equal Weight ETF ( NFTY ) just two months prior and highlighted that even though the index appears to be relatively better, it still fails to deliver an adequate rate of return for investors. Since then, the fund is down by ~4.5%, underperforming the S&P 500 by around ~9%. That’s a rather suboptimal performance when also ...
halbergman/iStock via Getty Images I last covered First Trust India NIFTY 50 Equal Weight ETF ( NFTY ) just two months prior and highlighted that even though the index appears to be relatively better, it still fails to deliver an adequate rate of return for investors. Since then, the fund is down by ~4.5%, underperforming the S&P 500 by around ~9%. That’s a rather suboptimal performance when also accounting for cross-country risk exposure undertaken. Post coverage performance (Seeking Alpha) Also, it would have been another thing if the said performance had been merely the result of stock market fluctuations without much regard to underlying fundamentals. However, there have been some very important developments underway since that article, which I will address in the present analysis, after which an investor might better be able to further evaluate whether to remain allocated to this ETF if they already have a position in it. For a fresh proposition, I would still consider it an avoid without any reservation. Fund Overview NFTY is a passive ETF that tracks the performance of an equity index called the NIFTY 50 Equal Weight Index. The said index is an equally weighted index that consists of the same companies as the NIFTY 50 Index , which tracks the performance of the 50 largest and most liquid Indian securities. While the NIFTY 50 is a free-float market capitalization-weighted index, NFTY is an equally weighted index. The security selection methodology is therefore relatively simple, allocating equally to the constituents of the flagship Nifty 50 index. Nifty 50 Equal Weight FactSheet NFTY has not performed well for investors, significantly lagging the S&P 500 since the inception period. The fund was launched in February 2012. A meaningful portion of this underperformance is also attributable to currency drag resulting from persistent depreciation of the Indian INR versus the U.S. dollar, which tends to decrease total returns for a U.S.-based investor. That means t...
Japan's Largest Airport Deploys Humanoid Robots For Baggage, Cargo Authored by Jijo Malayil via Interesting Engineering , Humanoid robots will soon assist ground crews in Tokyo as Japan Airlines launches a trial to address growing labor shortages. Starting in May, the Chinese-made machines will assist with moving baggage and cargo on the tarmac at Tokyo’s Haneda Airport, working alongside human ha...
Japan's Largest Airport Deploys Humanoid Robots For Baggage, Cargo Authored by Jijo Malayil via Interesting Engineering , Humanoid robots will soon assist ground crews in Tokyo as Japan Airlines launches a trial to address growing labor shortages. Starting in May, the Chinese-made machines will assist with moving baggage and cargo on the tarmac at Tokyo’s Haneda Airport, working alongside human handlers. The initiative, run with GMO Internet Group, comes as Japan faces rising tourism and a shrinking workforce. The trial will continue through 2028, with hopes of easing workloads and paving the way for permanent deployment. Last month, researchers in Tokyo developed a 2.4 GHz Wi-Fi chip resisting extreme radiation, enabling untethered robot operations in hazardous sites like Fukushima. Smart baggage handling During a recent media demonstration, a compact humanoid robot carefully pushed cargo onto a conveyor belt beside a Japan Airlines aircraft and gestured toward a nearby worker , highlighting early-stage coordination in real airport conditions, reports the Guardian. Japan Airlines officials said deploying robots for physically demanding tasks could significantly reduce strain on workers and improve overall working conditions . However, the airline emphasized that critical responsibilities such as safety management will remain under human control. As seen in the footage, the humanoid model, known as G1, stands about 1.32 meters tall and weighs 77 pounds (35 kilograms), with a foldable design for compact storage. It features 23 degrees of freedom, enabling stable and coordinated movement. Equipped with 3D LiDAR, a depth camera, and voice input systems, the robot can navigate and interact effectively. Powered by a 9,000 mAh battery, it operates for up to two hours and can move at speeds of up to 4.5 mph (7.2 km/h). The Unitree G1 demonstrates an expanded range of motion, highlighting significant gains in flexibility, coordination, and adaptability in humanoid robotics....
Earnings Call Insights: BrightSpire Capital (BRSP) Q1 2026 Management view CEO Michael Mazzei framed the quarter around redeploying capital and scaling originations, saying, "Since reinitiating new loan production, we have closed 37 loans totaling $1.1 billion with an additional 9 loans in execution for $283 million for a combined total of just over $1.4 billion" and "we have steadily increased ou...
Earnings Call Insights: BrightSpire Capital (BRSP) Q1 2026 Management view CEO Michael Mazzei framed the quarter around redeploying capital and scaling originations, saying, "Since reinitiating new loan production, we have closed 37 loans totaling $1.1 billion with an additional 9 loans in execution for $283 million for a combined total of just over $1.4 billion" and "we have steadily increased our loan book each quarter, and it now stands at $2.7 billion." CEO Mazzei emphasized portfolio mix and concentration management: "Our strategy remains focused on middle market lending with an average loan size of approximately $27 million" and "the overwhelming majority of new loans have been multifamily, contributing to a more favorable property type exposure." CEO Mazzei highlighted office reduction and near-term priorities: "During the quarter, our portfolio also benefited from payoffs and resolutions of office loans" and "we expect a further reduction in our office loan exposure to occur this next quarter." CEO Mazzei set key execution markers: "our priorities remain straightforward, and those are to redeploy capital from the watchlist and REO resolutions into new loans, to grow the loan book to $3.5 billion by year-end and to execute a fifth CLO in the second half of the year" and "this plan positions us to cover the dividend by year-end." CFO Frank Saracino said, "For the first quarter, we generated adjusted DE of $18.2 million or $0.14 per share" and "Additionally, we reported total company GAAP net income of $4.8 million or $0.03 per share." Outlook CEO Mazzei reiterated the company’s path to dividend coverage and linked it to asset resolutions and loan growth: "This plan positions us to cover the dividend by year-end" and in Q&A, "we are very confident that we'll get there by year-end." President Andrew Witt provided timing on portfolio expansion: "Given the recent momentum, we expect to cross $3 billion in loans by approximately halfway through the year" and "targe...
Earnings Call Insights: Lemonade (LMND) Q1 2026 Management View "This was another excellent quarter, marked by continued acceleration in growth, strong underwriting performance and clear operating leverage across the business." (CO-Founder, Chairman & CEO Daniel Schreiber) "In the first quarter, in-force premium reached $1.33 billion, growing 32% year-over-year." (CEO Schreiber) "Revenue grew even...
Earnings Call Insights: Lemonade (LMND) Q1 2026 Management View "This was another excellent quarter, marked by continued acceleration in growth, strong underwriting performance and clear operating leverage across the business." (CO-Founder, Chairman & CEO Daniel Schreiber) "In the first quarter, in-force premium reached $1.33 billion, growing 32% year-over-year." (CEO Schreiber) "Revenue grew even faster, up 71%, boosted by a recent reinsurance transition and the result in higher premium retention." (CEO Schreiber) "We often note 2 specific drivers that power our financial performance, grow the business and scale the operation." (CEO Schreiber) "Since Q1 2023, we've grown our spend by roughly 200% while maintaining an LTV to CAC ratio of above 3x." (CEO Schreiber) "In the first quarter, we surpassed $1 million of IFP per employee." (CEO Schreiber) "Pet is now our largest line of business and recently reached a notable milestone, $500 million of IFP." (Co-Founder, President & Director Shai Wininger) "In less than 6 years from launch, we become the most searched Pet insurance brand in the U.S. and the fourth largest carrier." (President Wininger) "Revenue rose 71% to $258 million, while our adjusted EBITDA loss improved to a loss of just $17 million." (CFO Timothy Bixby) "Importantly, adjusted free cash flow was positive for the fourth consecutive quarter at $17 million." (CFO Bixby) Outlook "We expect recent trends to continue and are raising our full year guidance for both top and bottom lines." (CEO Schreiber) "That new guidance represents a 32% top line growth rate in Q2 and a 33% full year top line growth rate." (CFO Bixby) "Roughly 77% revenue growth is implied by our Q2 guidance and roughly 63% full year revenue growth implied by that guidance." (CFO Bixby) "And unchanged, we do expect a positive full quarter of EBITDA in Q4 this year." (CFO Bixby) "We expect Q2 gross spend to step up about 12% versus Q1 and expect total gross spend of about $235 million for th...
(RTTNews) - Tyler Technologies (TYL) on Wednesday reported a slight increase in first-quarter profit, despite 8% growth in revenues driven by robust recurring and SaaS revenue growth.
(RTTNews) - Tyler Technologies (TYL) on Wednesday reported a slight increase in first-quarter profit, despite 8% growth in revenues driven by robust recurring and SaaS revenue growth.
(RTTNews) - Alphabet Inc. (GOOG) on Wednesday reported first-quarter results with profit surging from last year, driven by double-digit revenue growth.
(RTTNews) - Alphabet Inc. (GOOG) on Wednesday reported first-quarter results with profit surging from last year, driven by double-digit revenue growth.
Google Cloud topped $20B in quarterly revenue for the first time, fueled by surging demand for AI. But capacity constraints mean it could have grown even faster.
Google Cloud topped $20B in quarterly revenue for the first time, fueled by surging demand for AI. But capacity constraints mean it could have grown even faster.
Google Cloud topped $20B in quarterly revenue for the first time, fueled by surging demand for AI. But capacity constraints mean it could have grown even faster.
Google Cloud topped $20B in quarterly revenue for the first time, fueled by surging demand for AI. But capacity constraints mean it could have grown even faster.
Cristiano Amon: Thank you, Brett, and good afternoon, everyone. In fiscal Q2, we delivered revenues of $10.6 billion and non-GAAP earnings per share of $2.65 with EPS coming in at the high end of our guidance. Licensing business revenues were $1.4 billion.
Cristiano Amon: Thank you, Brett, and good afternoon, everyone. In fiscal Q2, we delivered revenues of $10.6 billion and non-GAAP earnings per share of $2.65 with EPS coming in at the high end of our guidance. Licensing business revenues were $1.4 billion.