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CaliberCos, Inc. Class A (CWD)
NASDAQ:CWD
US Market

CaliberCos, Inc. Class A (CWD) AI Stock Analysis

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CaliberCos, Inc. Class A

(NASDAQ:CWD)

Rating:44Neutral
Price Target:
$3.00
▼(-17.36%Downside)
CaliberCos, Inc. faces substantial financial and operational challenges, with negative profitability and bearish technical indicators weighing heavily on the stock score. Strategic initiatives and recent corporate events offer some potential for future improvement but are currently overshadowed by existing risks.

CaliberCos, Inc. Class A (CWD) vs. SPDR S&P 500 ETF (SPY)

CaliberCos, Inc. Class A Business Overview & Revenue Model

Company DescriptionCaliberCos, Inc. Class A (CWD) is a diversified investment management firm that specializes in the acquisition, development, and management of commercial real estate assets. The company operates in sectors such as hospitality, residential, and commercial real estate, providing comprehensive investment solutions and asset management services to individual and institutional investors. CaliberCos is known for its strategic approach to real estate investment, focusing on high-growth markets and value-add opportunities.
How the Company Makes MoneyCaliberCos, Inc. generates revenue through various streams, primarily by managing investment funds focused on real estate assets. The company earns management fees from overseeing these investment funds and additional performance fees based on the financial success of the managed assets. By acquiring, developing, and repositioning real estate properties, CaliberCos aims to increase the value of its holdings, thus enhancing returns for investors. Additionally, the firm may receive income from property rental and sales, depending on its involvement in specific real estate projects. Strategic partnerships with institutional investors and financial entities further bolster its revenue model, enabling scalability and access to larger investment opportunities.

CaliberCos, Inc. Class A Earnings Call Summary

Earnings Call Date:May 15, 2025
(Q1-2025)
|
% Change Since: -5.96%|
Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment Neutral
Caliber has made significant strides in strategic repositioning, cost savings, and new development agreements, showing promise for future growth. However, challenges remain in revenue decline, fundraising, and note refinancing. The sentiment is balanced with potential for improvement in the second half of the year.
Q1-2025 Updates
Positive Updates
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%.
Negative Updates
Decrease in Total Q1 Platform Revenue
Total Q1 platform revenue of $3.5 million, a 25% decrease compared to the prior period, primarily due to a decrease in active development projects.
Challenging Fundraising Environment
Fundraising remained challenging, with muted fundraising over the past two years compared to expectations.
Unsecured Notes Maturity and Refinancing
Approximately $26.1 million in unsecured notes have matured or will mature within the next 12 months, requiring refinancing or repayment.
Delayed Hotel Contributions Impact AUM
The previously expected LTD hotel contributions did not move forward due to declining performance, affecting AUM trajectory for Caliber Hospitality Trust.
Company Guidance
During the Caliber Q1 2025 earnings call, management provided guidance highlighting several key metrics and strategic shifts. The company aims to achieve an annual EBITDA margin of 25% or greater by focusing on three core verticals—hospitality, multifamily, and multi-tenant industrial investing. Caliber is reducing its exposure to long-term development activities to a maximum of 30% of its portfolio, seeking to generate cash for new investments and increase asset management fees. As of March 31, 2025, Caliber's estimated performance allocations totaled $87.7 million. The company also launched a Series AA cumulative redeemable preferred stock offering, targeting to raise $20 million, and introduced a 1031 exchange program. Despite challenges, Caliber reported a 9.1% increase in managed capital, reaching $495.2 million, and a decrease in platform-adjusted EBITDA loss from $1.7 million in Q1 2024 to $1.4 million in Q1 2025. The company is optimistic about achieving profitability in the second half of 2025, supported by cost-saving initiatives and an improving financing environment.

CaliberCos, Inc. Class A Financial Statement Overview

Summary
CaliberCos, Inc. is facing significant financial challenges, such as declining revenue, persistent profitability issues, and high leverage. Despite some improvements in equity, the company continues to struggle with cash flow sustainability and operational efficiency.
Income Statement
35
Negative
CaliberCos, Inc. has experienced declining revenue and negative profitability metrics over the analyzed period. The gross profit margin and net profit margin are significantly negative in recent years, indicative of operational challenges. The company has shown a substantial revenue decrease from 2023 to 2024 and persistent negative EBIT and EBITDA margins, reflecting ongoing profitability struggles.
Balance Sheet
40
Negative
The balance sheet reveals a high debt-to-equity ratio, driven by substantial liabilities compared to equity, which only recently turned positive. The equity ratio remains low, indicating financial instability. However, the improvement in stockholders' equity from negative to positive in 2024 is a positive sign amid ongoing leverage concerns.
Cash Flow
30
Negative
CaliberCos, Inc. has faced negative free cash flow in recent years, with a slight positive shift in 2024. The operating cash flow remains low, and the free cash flow to net income ratio is unfavorable. The company’s cash management suggests challenges in generating sustainable cash flow, exacerbating financial strain.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
51.12M90.94M83.96M56.03M37.88M
Gross Profit
24.62M-20.24M-591.00K-15.27M-22.47M
EBIT
-13.31M-28.58M-7.95M-20.45M-26.31M
EBITDA
-9.87M-19.03M1.39M-11.62M-18.28M
Net Income Common Stockholders
-19.78M-12.70M2.02M-698.00K-5.45M
Balance SheetCash, Cash Equivalents and Short-Term Investments
2.31M3.81M7.66M8.38M6.53M
Total Assets
105.53M299.43M278.83M245.65M227.34M
Total Debt
81.76M209.61M170.33M160.29M148.77M
Net Debt
79.45M205.81M162.67M151.91M142.23M
Total Liabilities
94.28M233.41M201.65M195.96M178.90M
Stockholders Equity
-12.59M2.62M-3.21M-9.09M-16.34M
Cash FlowFree Cash Flow
555.00K-18.72M-8.11M-20.02M-16.56M
Operating Cash Flow
555.00K-18.72M-7.43M-15.02M-15.77M
Investing Cash Flow
-19.63M-5.36M-31.75M-14.31M-9.67M
Financing Cash Flow
6.33M25.79M38.58M35.05M19.56M

CaliberCos, Inc. Class A Technical Analysis

Technical Analysis Sentiment
Negative
Last Price3.63
Price Trends
50DMA
7.06
Negative
100DMA
9.71
Negative
200DMA
10.79
Negative
Market Momentum
MACD
-0.93
Negative
RSI
35.69
Neutral
STOCH
57.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CWD, the sentiment is Negative. The current price of 3.63 is below the 20-day moving average (MA) of 3.91, below the 50-day MA of 7.06, and below the 200-day MA of 10.79, indicating a bearish trend. The MACD of -0.93 indicates Negative momentum. The RSI at 35.69 is Neutral, neither overbought nor oversold. The STOCH value of 57.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CWD.

CaliberCos, Inc. Class A Risk Analysis

CaliberCos, Inc. Class A disclosed 43 risk factors in its most recent earnings report. CaliberCos, Inc. Class A reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

CaliberCos, Inc. Class A Peers Comparison

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
$54.11M5.1213.04%31.20%134.64%35.26%
64
Neutral
$12.79B9.757.54%16970.99%12.09%-7.43%
52
Neutral
$39.50M-8.01%38.38%71.72%
PWPWM
46
Neutral
$12.94M
BCBCG
46
Neutral
$36.86M-11.19%-13.79%62.04%
CWCWD
44
Neutral
$4.73M-5013.15%-57.33%-27.24%
34
Underperform
$3.04M-538.85%78.84%97.65%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CWD
CaliberCos, Inc. Class A
3.53
-16.87
-82.70%
TURN
180 Degree Capital
3.95
0.16
4.22%
RAND
Rand Capital
15.12
-1.52
-9.13%
BCG
Binah Capital Group
2.25
-9.65
-81.09%
BENF
Beneficient
0.35
-2.69
-88.49%
PWM
Prestige Wealth, Inc.
0.36
-0.64
-64.00%

CaliberCos, Inc. Class A Corporate Events

Private Placements and FinancingBusiness Operations and Strategy
CaliberCos Secures $22.5M Refinance for Tucson Hotel
Positive
May 22, 2025

On May 21, 2025, CaliberCos Inc. announced the successful refinancing of the DoubleTree by Hilton Hotel in Tucson, Arizona, with a $22.5 million cash-out refinance. The transaction, supported by Citi and advised by Arriba Capital, will strengthen the asset and support reinvestment across Caliber’s Tax-Advantaged Opportunity Zone Fund portfolio. This move highlights the property’s long-term value and Caliber’s ability to execute disciplined investments, further positioning the company for growth in the real estate market.

Delistings and Listing ChangesRegulatory Filings and Compliance
CaliberCos Regains Nasdaq Compliance with Bid Price
Positive
May 16, 2025

On May 16, 2025, CaliberCos Inc. announced it had regained compliance with Nasdaq’s minimum bid price requirement, following a period of non-compliance that began on May 14, 2024. The company was notified that from May 2 to May 15, 2025, its stock maintained a closing bid price of $1.00 or greater, allowing it to continue trading on the Nasdaq Capital Market.

Business Operations and StrategyFinancial Disclosures
CaliberCos Partners with Hyatt for New Hotel Developments
Neutral
May 15, 2025

CaliberCos Inc. reported a decrease in platform revenue to $3.5 million for Q1 2025, compared to $4.7 million in Q1 2024, with a net loss of $4.1 million. Despite these results, the company is optimistic about its strategic shift towards hospitality and multifamily real estate, highlighted by a new partnership with Hyatt to develop 15 new hotels. Key developments include a $22.5 million refinance of a hotel in Tucson and the approval of a significant redevelopment project in Phoenix, which are expected to enhance Caliber’s market positioning and operational efficiency.

Private Placements and FinancingBusiness Operations and Strategy
CaliberCos Receives Approval for Pickleball Facility
Positive
May 12, 2025

On May 8, 2025, CaliberCos Inc. announced that its joint venture, PURE Pickleball & Padel, received Design Review approval from the Salt River Pima-Maricopa Indian Community Planning Department. This approval allows the project to proceed with seeking a building permit, with construction expected to begin soon after. The project aims to develop a world-class pickleball and padel facility in the Talking Stick Entertainment District, featuring a 1,200-seat pro arena and 48 indoor courts. This milestone enables Caliber to enter the debt markets for construction financing and provides a timeline for investors in the project’s private offering.

Product-Related AnnouncementsBusiness Operations and Strategy
CaliberCos Partners with Hyatt for New Hotel Developments
Positive
May 12, 2025

On May 6, 2025, CaliberCos Inc. announced a Development Rights Agreement with Hyatt Hotels Corporation to develop 15 new Hyatt Studios hotels across the United States, specifically in Arizona, Colorado, Nevada, Texas, and Louisiana. This agreement grants Caliber exclusive development rights in these regions, with the first hotel in Georgetown, Texas, expected to begin construction in late 2025, followed by a second in Scottsdale, Arizona, in mid-2026. The partnership aims to address the shortage of hotel inventory in the U.S. and capitalize on the growing demand for extended-stay accommodations, potentially adding $400 million in assets under management for Caliber.

Business Operations and StrategyFinancial Disclosures
CaliberCos to Announce Q1 2025 Financial Results
Neutral
May 9, 2025

On May 8, 2025, CaliberCos Inc. announced it will release its first quarter 2025 financial results on May 15, 2025, followed by a webcast and conference call to discuss the results. This announcement is part of Caliber’s ongoing efforts to maintain transparency with stakeholders and highlights its strategic focus on overlooked real estate opportunities, potentially impacting its market positioning and investor engagement.

Private Placements and FinancingBusiness Operations and Strategy
CaliberCos Gains Approval for Canyon Village Project
Positive
Apr 22, 2025

On April 21, 2025, CaliberCos Inc. announced the closing of its underwritten public offering, raising approximately $900,000. The proceeds are intended for debt repayment and general corporate purposes. Additionally, on April 22, 2025, the Phoenix City Council approved Caliber’s Canyon Village redevelopment project, potentially enhancing the company’s market position and stakeholder value.

Private Placements and FinancingBusiness Operations and Strategy
CaliberCos Announces Pricing of Public Offering
Neutral
Apr 17, 2025

On April 17, 2025, CaliberCos Inc. announced the pricing of its underwritten public offering of 2,400,000 units at $0.375 per unit, aiming to raise approximately $900,000. The proceeds are intended for debt repayment and general corporate purposes, with the offering expected to close on April 21, 2025. This move is part of Caliber’s strategy to strengthen its financial position and enhance its market operations.

Regulatory Filings and Compliance
CaliberCos, Inc. Class A Files Form 8-K Report
Neutral
Apr 2, 2025

The news release from CaliberCos, Inc. Class A does not provide specific details about the company’s industry, products, or market focus. The release primarily addresses procedural aspects related to the filing of a Current Report on Form 8-K, indicating that certain information is not deemed filed for purposes of Section 18 of the Exchange Act and is not incorporated by reference in any filing under the Securities Act or the Exchange Act.

Private Placements and FinancingBusiness Operations and StrategyFinancial Disclosures
CaliberCos Reports Q4 Loss, Launches 1031 Exchange Program
Negative
Apr 1, 2025

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.

Financial Disclosures
CaliberCos to Release Q4 and Full Year 2024 Results
Neutral
Mar 18, 2025

On March 18, 2025, CaliberCos Inc. announced it would release its fourth quarter and full year 2024 financial results on March 31, 2025, followed by a webcast and conference call to discuss the results. This announcement highlights Caliber’s ongoing commitment to transparency and engagement with investors, reflecting its strategic positioning in the real estate market.

Private Placements and FinancingRegulatory Filings and Compliance
CaliberCos Inc. Launches $20M Preferred Stock Offering
Neutral
Mar 17, 2025

On March 17, 2025, CaliberCos Inc. announced that its Series AA Cumulative Redeemable Preferred Stock offering has been qualified by the SEC. The company aims to raise up to $20 million through this offering, with shares priced at $25 each and offering a 9.5% annual dividend. This move positions Caliber to strengthen its financial base and potentially enhance its market position, although the investment carries significant risks and liquidity concerns for investors.

Financial Disclosures
CaliberCos Releases Supplemental Financial Results for Clarity
Neutral
Mar 13, 2025

On March 12, 2025, CaliberCos Inc. released supplemental financial results for its asset management platform business, aiming to provide a clearer view of its financial performance by excluding the impact of consolidation required by U.S. GAAP rules. The release includes unconsolidated income statements and balance sheets from 2019 to 2023, and quarterly updates for 2023 to 2024, offering investors enhanced visibility into the company’s performance. This initiative is expected to improve transparency and help investors understand the impact of changes in Managed Capital and Assets Under Management on platform revenues.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.