Consistent Profitability
Achieved 25 straight quarters of profitability, with continued growth in recurring revenue segments such as water, wastewater, and rental income from single-family homes.
Strong Oil and Gas Royalty Income
Net income and earnings per share exceeded expectations due to stronger-than-projected oil and gas royalty income from the completion of additional wells.
Resilient Business Model
Demonstrated flexibility and resilience in the business model to adapt to market dynamics, allowing for risk management and customer alignment.
Water Utility Segment Expansion
Growth in the Water Utility segment with 1,600 commercial connection points out of 60,000 potential connections, and a 22% CAGR in customer growth.
High Occupancy Rate in Single-Family Rentals
Achieved a 97% occupancy rate for the single-family rental portfolio, with plans to significantly increase the number of rentals in 2026 and beyond.