CaliberCos, Inc. Class A ( (CWD) ) has issued an announcement.
CaliberCos Inc. reported its financial results for the fourth quarter and full year of 2024, highlighting a 1.9% increase in platform revenue compared to the previous year. Despite this growth, the company experienced a significant platform net loss of $11.6 million in Q4, largely due to $8.6 million in one-time non-cash allowances and write-downs. The company is implementing cost reductions and refining its strategy to focus on hospitality, multi-family, and multi-tenant industrial asset classes, aiming for long-term profitability. Caliber also launched the Caliber 1031 Exchange program, offering investors opportunities to defer capital gains while diversifying their portfolios. The company raised $2 million through preferred stock sales and plans to raise up to $20 million through a new stock offering, positioning itself to capitalize on emerging opportunities in the commercial real estate market.
More about CaliberCos, Inc. Class A
CaliberCos Inc., listed on NASDAQ as CWD, is a real estate investor, developer, and asset manager with over $2.9 billion of managed assets. The company focuses on projects, strategies, and geographies not typically pursued by global real estate institutions, leveraging its in-house shared services group for greater control and visibility into future investment opportunities.
YTD Price Performance: -22.11%
Average Trading Volume: 113,851
Technical Sentiment Signal: Buy
Current Market Cap: $12.45M
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