Strategic Repositioning and Cost Savings Initiatives
Caliber has successfully executed cost savings initiatives, aiming for an annual EBITDA margin of 25% or greater. Full impact expected to materialize starting in Q3 2025.
Improved Financing Environment
The financing environment for commercial real estate has begun to improve, positively impacting Caliber's strategies to increase AUM.
Hyatt Studios Development Agreement
Caliber entered into a development rights agreement with Hyatt Hotels Corporation to develop 15 new Hyatt Studios hotels, representing an estimated $400 million in projects.
Series AA Preferred Stock Offering
Caliber's Series AA cumulative redeemable preferred stock offering, qualified by the SEC, is seeking to raise up to $20 million, with significant progress reported.
Asset Management Revenue Growth
Managed capital increased by 9.1% year-over-year, and asset management and administrative fees increased by 7%.