Earnings Surprises

First quarter 2026 results were in line with our expectations and marked a solid start to the year. Portfolio occupancy and retention rates remain stable and supply pressure continues to abate across our portfolio.

Stable operating performance and the successful execution of our first mezzanine investment highlight our strategic approach to capital allocation and earnings growth.

I am pleased to report on a remarkably strong quarter of execution across all facets of our business. First-quarter leasing activity, which totaled 568,000 square feet, represented the Company’s strongest first-quarter performance since 2017

I am very pleased with our first quarter results, with Core RevPAR increasing over 5% year-over-year excluding the Royal Palm, driven by continued strength at our resort hotels.

We are pleased with our performance in the first quarter which came in ahead of our expectations despite weather-related headwinds at several hotels throughout the quarter.

We are pleased with the strong start to 2026, as our portfolio delivered first quarter results that exceeded our expectations

STAG delivered strong first quarter results driven by healthy leasing activity, disciplined capital allocation, and a growing acquisition pipeline.

The Brixmor team is off to a strong start to 2026 as demonstrated by sustained leasing demand, record renewal spreads, and continued execution of our accretive reinvestment plan during the first quarter.

Tanger's successful execution of its growth strategy delivered another quarter of strong financial and operating results, contributing to an increase in our full-year guidance.

During the first quarter, we remained focused on disciplined capital and liquidity management, continuing the strategic priorities established last year. We made meaningful progress resolving legacy loan issues and protecting invested capital, positioning the Company for improved operating performance and future growth.

Americold delivered another solid quarter, with results that came in ahead of expectations. Our teams remain tightly focused on pricing discipline, cost control, and delivering excellent service to customers.

We continued to make progress on our strategic initiatives during the first quarter of 2026 despite volatile market conditions and geopolitical developments.

Annaly delivered its tenth consecutive quarter of positive economic returns with EAD again outperforming the dividend

Curbline’s first quarter results highlight the Company’s strong start to the year with over $140 million of acquisitions, an acceleration in same-property NOI growth from the fourth quarter to 4.8%, and almost $500 million of private placement notes and common equity funded or raised.

Our first quarter results reflect another exceptionally strong period across our core metrics, including our ninth consecutive quarter of double-digit Same-Store NOI growth, efficient capital formation and accretive deployment, a strengthened balance sheet, and a raise to our full year 2026 Same-Store NOI growth and NFFO per share guidance.

Our first quarter results underscore the strength and resiliency of our global investment and operating platforms. Importantly, we demonstrated significant progress towards a key strategic goal of diversifying our sources of permanent equity beyond the public markets.

We have gotten off to a solid start to 2026 and are well positioned entering the peak leasing season. Our substantial exposure to the well performing San Francisco and New York markets drove operating performance in the first quarter that exceeded our expectations.

Our team continued to execute in the first quarter, starting off the year with strong investment activity which complemented our capital raising efforts.

The Forestar team achieved solid second quarter results including a 7% increase in revenues and an 8% increase in pre-tax income.

"In a period of broad global volatility, we believe real estate and infrastructure credit is an attractive and relatively stable place to invest capital," said Barry Sternlicht, Chairman and CEO of Starwood Property Trust.

Our capabilities, reputation and culture are resonating with sellers and operators, and these relationships are driving investment opportunities and record external growth.

We continued to make progress on our strategic initiatives during the first quarter of 2026 despite volatile market conditions and geopolitical developments.

We began 2026 with solid first quarter results, reflecting consistent execution of our strategy. Across the homebuilding industry, builders are navigating competing priorities — sustaining community count growth while exercising balance sheet di...

Ventas delivered excellent first quarter results, powered by our senior housing operating portfolio. We generated outsized organic growth in SHOP and drove significant occupancy gains.