Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted.
April 16, 2025 16:07 ET | Source: Triumph Financial, Inc.
Triumph Financial Releases First Quarter 2025 Financial Results
April 16, 2025 16:05 ET | Source: Bank OZK
Bank OZK Announces First Quarter 2025 Earnings
April 16, 2025 16:05 ET | Source: SL Green Realty Corp
April 16, 2025 08:30 ET | Source: Runway Growth Finance Corp.
April 16, 2025 06:00 ET | Source: Global Net Lease, Inc.
Global Net Lease Announces Release Date for First Quarter 2025 Results
April 16, 2025 16:30 ET | Source: Athene Holding Ltd.
Athene Announces Fixed Income Investor Call
April 16, 2025 16:30 ET | Source: Stifel Financial Corporation
Stifel Financial Schedules First Quarter 2025 Financial Results Conference Call
Before tariffs, the office real estate / regional bank lending crisis was a big investor worry. Something about rolling over a mountain of low-rate loans secured by mostly empty office buildings at much higher rates of interest. Office CRE is now off everybody’s news feed, though it’s not gone away.
One item highlighted in SLG’s latest earnings report as a growth opportunity for the company suggests possible trouble ahead for the real estate lending industry in general. There may be a lot of not-yet-loan-defaults out there. I don’t follow SL Green SLG and have no opinion on them. JMO. DYODD.
“The Company’s special servicing business has active assignments totaling $4.8 billion with an additional $10.9 billion for which the Company has been designated as special servicer on assets that are not currently in special servicing.”
REIT debt issues really have disappeared from headlines to your point while interest rates rise. REITs are cheap in general right now. Anyone have any favorites? I have had O for a long time (and it was down below 52 just a week ago. The monthly divvy is nice), AMT, PLD, WPC and REXR (having less conviction on this last one).