Welcome to our dedicated page for CaliberCos news (Ticker: CWD), a resource for investors and traders seeking the latest updates and insights on CaliberCos stock.
CaliberCos Inc (CWD) delivers specialized asset management services focused on middle-market real estate and private equity investments. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases covering earnings reports, portfolio expansions, leadership updates, and partnership announcements. Our curated collection serves as a reliable resource for tracking the company’s progress in fund management, development projects, and brokerage activities.
Key updates include quarterly financial results, regulatory filings, and insights into niche market strategies. Bookmark this page to stay informed about CWD’s latest moves in middle-market asset management and real estate development.
Caliber (NASDAQ: CWD) has received unanimous approval from the Phoenix City Council for its Canyon Village redevelopment project, which will convert a distressed 300,000+ square foot office building into a 376-unit rental multifamily residential building. The project, located in North Phoenix's North Mountain Village area, aims to meet increased housing demand driven by TSMC's expanded presence.
The company acquired the property at approximately 15% of estimated replacement cost, capitalizing on the distressed office real estate market. The project benefits from opportunity zone tax incentives and has secured approximately $7.7 million in investments through Caliber's tax-advantaged funds.
Construction is expected to begin in Q4 2025, with first units delivery planned for H2 2026. The local market shows promising fundamentals, with CoStar predicting 5% year-over-year rent growth by late 2027. The area has seen reduced construction activity, with units under construction dropping from 1,900 in Q4 2023 to 450 in Q2 2025.
Caliber (NASDAQ: CWD) has successfully closed its underwritten public offering, raising approximately $900,000 in gross proceeds before deducting underwriting costs and expenses. The offering consisted of 2,400,000 units priced at $0.375 per unit, with each unit comprising one share of Class A common stock and one right to acquire one-fifth of one share of Class A common stock.
The company plans to utilize the net proceeds for debt repayment, working capital, and general corporate purposes. Craft Capital Management served as the sole book-running manager and underwriter for the offering, with legal counsel provided by Manatt, Phelps & Phillips, LLP for Caliber and Lucosky Brookman LLP for the underwriter.
CaliberCos Inc. (Nasdaq: CWD) has announced the pricing of its public offering, consisting of 2,400,000 units at $0.375 per unit, aiming to raise approximately $900,000 in gross proceeds before deducting underwriting costs and expenses.
Each unit includes one share of Class A common stock and one right to acquire one-fifth of one share of Class A common stock. The company plans to use the net proceeds for debt repayment, working capital, and general corporate purposes. The offering is expected to close around April 21, 2025.
Craft Capital Management, is serving as the sole book-running manager and underwriter for the offering, which is being conducted under a previously filed and SEC-approved Registration Statement on Form S-3.
Caliber (NASDAQ: CWD) reported its Q4 and full-year 2024 results, showing mixed performance. Platform revenue increased 1.9% to $21.0 million for full-year 2024, driven by asset management revenue of $20.6 million. However, the company posted a Platform net loss of $19.6 million ($0.89 per share), significantly wider than 2023's loss of $11.8 million.
Q4 2024 saw Platform revenue decline to $4.6 million from $7.2 million year-over-year, with a net loss of $11.6 million ($0.52 per share). The losses were largely impacted by $8.6 million in one-time non-cash allowances and write-downs.
Notable achievements include a 7.2% increase in fair value assets under management to $794.9 million and a 12.5% rise in managed capital to $492.5 million. The company implemented $6 million in annualized cost reductions and refined its strategy to focus on hospitality, multi-family, and multi-tenant industrial assets, aiming for positive net operating income in 2025.
Caliber (NASDAQ: CWD) has launched its new Caliber 1031 Exchange program, offering accredited investors tax-deferred real estate investment opportunities. The program's first transaction was a $10.16 million acquisition of a 602-unit self-storage facility in Rifle, Colorado.
The program allows investors to defer capital gains taxes while reinvesting in like-kind properties. Caliber focuses on multi-family residential, hospitality, and multi-tenant industrial assets in growth regions like Arizona, Texas, and Colorado.
A unique feature of Caliber's program is that after two years, investors can perform a 721 exchange into a diversified real estate fund managed by Caliber, offering quarterly liquidity options. The company plans to add value to its first acquisition through the construction of additional climate-controlled storage units.
Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, has scheduled its fourth quarter and full year 2024 earnings release for Monday, March 31, 2025, after market close. The company will host a conference call and webcast at 5:00 pm ET on the same day to discuss the results.
Investors can join the earnings call by dialing 1-800-717-1738 (domestic) or 1-646-307-1865 (international). The webcast will be available on Caliber's investor relations website at https://ir.caliberco.com/. A replay will be accessible for 14 days by dialing 1-844-512-2921 (domestic) or 1-412-317-6671 (international) with conference ID 1155859.
Caliber (NASDAQ: CWD) has announced a new offering of Series AA Cumulative Redeemable Preferred Stock under Regulation A+, which has been qualified by the SEC. The company aims to raise up to $20 million by offering 800,000 shares at $25.00 per share.
The Series AA Preferred Stock will have priority over common stock for dividends and liquidation rights. Shareholders will receive cumulative monthly dividends at a 9.5% annual rate ($0.198 per share monthly), which will accrue regardless of board declaration. Caliber is obligated to redeem all outstanding preferred shares on the third anniversary of issuance.
The company notes that this investment opportunity is highly speculative, with risks including potential total investment loss and indefinite illiquidity, as no public market currently exists for these securities.
Caliber (NASDAQ: CWD), a real estate investor, developer, and asset manager, has released supplemental financial information for its asset management platform business. The company has disclosed 5-year historical data to provide enhanced visibility into its performance.
The supplemental information includes unconsolidated Platform income statements and balance sheets from 2019 through 2023, along with quarterly data from Q1 2023 through Q3 2024. This reporting aims to offer shareholders a more transparent view of financial performance by excluding the impact of fund consolidation required by U.S. GAAP rules.
The release also includes data on changes in Managed Capital and Assets Under Management to help investors understand their impact on Platform revenues. This information will be updated in future filings and made available on Caliber's Investor Relations website.
Caliber (NASDAQ: CWD) reported strong Q3 2024 results with Platform revenue increasing 98.9% to $7.4 million, driven by higher fee income from loan placements and offerings. The company achieved Platform earnings of $0.2 million ($0.01 per diluted share) compared to a loss of $3.4 million in Q3 2023. Platform Adjusted EBITDA reached $2.4 million, a 259.6% increase. Fair value assets under management grew 8.9% to $807.0 million, while managed capital increased 10.9% to $485.3 million. Notable developments include the sale of 24-7 Automated Storage for $4.6 million and an agreement with Satori Collective expected to increase AUM by approximately $120 million.
Caliber (NASDAQ: CWD) has announced it will release its third quarter 2024 financial results after market close on Tuesday, November 12, 2024. The company will host a conference call and webcast at 5:00 pm ET on the same day to discuss the results. Investors can join via phone at 1-800-717-1738 (domestic) or 1-646-307-1865 (international), or through the investor relations website. A replay will be available for 14 days, and presentation materials will be posted on the company's website.
