Earnings Call Summary | CaliberCos(CWD.US) Q4 2023 Earnings Conference
Earnings Call Summary | CaliberCos(CWD.US) Q4 2023 Earnings Conference
The following is a summary of the CaliberCos Inc. (CWD) Q4 2023 Earnings Call Transcript:
以下是CaliberCOS Inc.（CWD）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Caliber reported a total consolidated revenue increase of 8.3% to $90.9 million for 2023 due to higher hospitality revenue.
The company reported a net loss of $12.7 million or $0.63 per share for 2023.
Asset Under Management (AUM) decreased by 0.6% to $741.2 million because of asset sales, offset by asset purchases.
Caliber's full-year 2023 platform revenue fell by 14.4% to $20.6 million due to lower asset management revenue, balanced by higher performance allocations.
The expenses surged by 29.3% to $119.5 million in 2023, mainly due to rising costs and increased headcount.
Interest expense increased significantly from $1.1 million in 2022 to $4.7 million in 2023 due to the rise in corporate debt.
Calibre報告稱，由於酒店收入增加，2023年的合併總收入增長了8.3％，達到9,090萬美元。
該公司報告稱，2023年淨虧損1,270萬美元，合每股虧損0.63美元。
由於資產出售，管理資產（AUM）下降了0.6％，至7.412億美元，但被資產購買所抵消。
由於資產管理收入減少，再加上業績配置的增加，Calibre的2023年全年平台收入下降了14.4％，至2,060萬美元。
2023年，支出激增了29.3％，達到1.195億美元，這主要是由於成本上漲和員工人數增加。
由於公司債務的增加，利息支出從2022年的110萬美元大幅增加到2023年的470萬美元。
Business Progress:
業務進展：
Caliber launched four new fund products in response to challenging macro environment.
Successful and profitable transactions executed including the sale of Northsight Crossing Retail Center and Southridge despite the challenging real estate industry environment.
The company sees positive return on investments with 26 selling agreements in place with regional broker dealers and investment advisors.
Caliber Hospitality Trust, managed by Caliber, acquired the Holiday Inn Newport News, which is expected to grow the trust's asset beyond the initial target of $1 billion AUM.
The company is dedicated to reach its targets, including a total AUM of $3 billion, and total annual platform revenue of $50 million by the end of 2026.
Caliber plans to grow AUM by expanding product offerings and developing the Caliber Hospitality Trust, also identifying opportunities in middle market real estate funds for revenue growth while managing cost structure in alignment to the growth model.
Calibre推出了四種新的基金產品，以應對充滿挑戰的宏觀環境。
儘管房地產行業環境充滿挑戰，但仍成功執行了盈利的交易，包括出售Northsight Crossing零售中心和Southridge。
該公司與區域經紀交易商和投資顧問簽訂了26份銷售協議，預計投資回報率爲正數。
由Caliber管理的Caliber Hospitality Trust收購了紐波特紐斯假日酒店，預計該信託基金的資產將超過最初的10億美元資產目標。
該公司致力於實現其目標，包括到2026年底總資產管理規模爲30億美元，平台年總收入爲5000萬美元。
Calibre計劃通過擴大產品供應和發展Caliber Hospitality Trust來增加資產管理規模，同時在中間市場房地產基金中尋找收入增長的機會，同時根據增長模式管理成本結構。
More details: CaliberCos IR
更多詳情： CaliberCOS IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。