LONDON, June 08, 2026 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex’ or the ‘Group’; NASDAQ: MRX), the diversified global financial services platform, today announces it has appointed Georges Assi to the Group Board with immediate effect. Georges will serve as a member of the Risk Committee.
Georges is a fintech entrepreneur following many years as an investment banker in the credit and fixed income markets. He is the CEO of Sigma Lending, a fintech lender he founded in 2023 that provides UK small and medium-sized enterprises with access to working capital using technology-enabled underwriting. Georges is also the Co-Founder and Partner of Naviter Capital, an investment firm specialising in the private credit markets that he co-founded in 2013.
Prior to establishing Naviter in 2013, Georges worked as a Senior Managing Director at Nomura International. During his tenure, Georges ran the Global Credit business and the Fixed Income division in Europe. Before this, he spent eight years at Lehman Brothers in a variety of senior roles including Global Head of Structured Credit and European Head of Credit products, culminating in a role as co-Head of Fixed Income in Europe.
Robert Pickering, Chair of the Marex Board, commented:
“We are delighted to welcome Georges to the Marex Board. He brings a combination of demonstrable success as an entrepreneur and expertise in the fast-paced fintech industry, together with a solid grounding in investment banking and financial markets. We look forward to benefiting from his experience and insight, particularly in the use of innovation and technology to generate growth and scale at pace.”
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including the expected contribution to the company. In some cases, these forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the risks discussed under the caption "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") and our other reports filed with the SEC. The forward-looking statements made in this press release relate only to events or information as of the date on which the statements are made in this press release. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
About Marex:
Marex Group plc (NASDAQ:MRX) provides market access, infrastructure services and essential liquidity to clients across global commodity and financial markets. The Group provides comprehensive breadth and depth of coverage across four services: Clearing, Agency and Execution, Market Making and Hedging and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to more than 60 exchanges. Marex has over 3,400 active clients, including some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. With more than 50 offices worldwide, the Group has over 3000 employees across Europe, Asia and the Americas. For more information visit www.marex.com.
LONDON, June 09, 2026 (GLOBE NEWSWIRE) -- Marex Group plc (Nasdaq: MRX) (“Marex”), a diversified global financial services platform, today announced that it has completed its offering (the “Offering”) of U.S.$500 million perpetual subordinated resettable fixed rate notes (the “Notes”).
Marex intends to use the net proceeds from the Offering for general corporate purposes including (without limitation) (i) the funding of the purchase of any or all of Marex’s outstanding U.S.$100,000,000 13.250 per cent fixed rate reset perpetual subordinated contingent convertible notes pursuant to the tender offer announced by Marex on 1 June 2026 and (ii) the funding of acquisitions.
Ian Lowitt, CEO of Marex, commented:
“We are pleased to have successfully issued $500m of hybrid perpetual securities, which are expected to carry 100% equity credit from S&P post completion of our Bermuda redomiciliation. We achieved significantly lower pricing at 7.7%, compared to our previous AT1 issuance at 13.25%, which demonstrates the meaningful progress we have made over the past four years and the strength of our investment proposition. Our proposed Bermuda domicile enabled us to structure the security in a way that is attractive to investors, which led to strong oversubscription and underscores a further benefit of our redomiciliation. The breadth of participation, from both longstanding and new investors, is a further reflection of confidence in the continued growth of our business.”
Barclays Bank PLC, Goldman Sachs International and Jefferies International Limited are acting as Joint Bookrunners for the Offering.
Important information
The securities described herein and in the related Offering Memorandum have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be offered, sold or delivered within the United States or to or for the account or benefit of U.S. persons, as defined in Regulation S under the Securities Act.
This communication is being distributed to and is directed only at persons in the United Kingdom (the “UK”) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005, as amended (the “Order”) and persons falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons”). In the UK, this communication must not be acted on or relied on by persons who are not relevant persons. In the UK, any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with such persons.
UK MiFIR professionals/ECPs-only/No EEA PRIIPs KID or UK PRIIPs KID/CCI product summary: The manufacturers’ target market (UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). The Notes are not intended to be offered, sold, distributed or otherwise made available and should not be offered, sold, distributed or otherwise made available to retail clients in either the UK or the European Economic Area. Consequently, no key information document (KID) has been prepared under Regulation (EU) No. 1286/2014 and no disclosure document has been prepared under the FCA Product Disclosure Sourcebook.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. No action has been taken that would permit an offering of securities or possession or distribution of this press release or the Offering Memorandum in any jurisdiction where action for that purpose is required. Persons into whose possession this press release or the Offering Memorandum comes are required to inform themselves about and to observe any such restrictions.
Forward looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, the expected closing date of the Offering. In some cases, these forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation: subdued commodity market activity or pricing levels; the effects of geopolitical events, terrorism and wars, on market volatility, global macroeconomic conditions and commodity prices; our expected redomiciliation; changes to the U.S. regulatory regime, including with respect to tariffs; changes in interest rate levels or tariffs; the risk of our clients and their related financial institutions defaulting on their obligations to us; regulatory, reputational and financial risks as a result of our international operations; software or systems failure, loss or disruption of data or data security failures; risks associated with the use of artificial intelligence; an inability to adequately hedge our positions and limitations on our ability to modify contracts and the contractual protections that may be available to us in OTC derivatives transactions; market volatility, reputational risk and regulatory uncertainty related to commodity markets, equities, fixed income, foreign exchange and cryptocurrency; the impact of climate change and the transition to a lower carbon economy on supply chains and the size of the market for certain of our energy products; the impact of changes in judgments, estimates and assumptions made by management in the application of our accounting policies on our reported financial condition and results of operations; lack of sufficient financial liquidity; if we fail to comply with applicable law and regulation, we may be subject to enforcement or other action, forced to cease providing certain services or obliged to change the scope or nature of our operations; significant costs, including adverse impacts on our business, financial condition and results of operations, and expenses associated with compliance with relevant regulations; if we fail to remediate the material weaknesses we identified in our internal control over financial reporting or prevent material weaknesses in the future, the accuracy and timing of our financial statements may be impacted, which could result in material misstatements in our financial statements or failure to meet our reporting obligations and subject us to potential delisting, regulatory investigations or civil or criminal sanctions; short seller activity and securities litigation; and other risks discussed under the caption “Risk Factors” in the Offering Memorandum prepared in connection with the Offering.
The forward-looking statements made in this press release relate only to events or information as of the date on which the statements are made in this press release. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
HomeIndustriesConstruction/Real EstateThe Ratings GameThe Ratings GameSeaport analyst says the ‘bottoming process’ they previously saw appears to have come undone due to the weak outlook for job growthPublished: April 7, 2026 at 10:15 a.m. ET
A Seaport analyst has turned bearish on multiple home-builder stocks, saying the outlook for job growth could be worse for the housing market over the long term than the recent jump in oil prices. Photo: Getty ImagesShares of home builders were losing ground in early Tuesday trading after a Seaport analyst downgraded all the stocks he covered, giving up on his previous view that housing demand was starting to bottom.
Wall Street has been focused on the recent surge in oil and gasoline prices, which reduces the buying power of potential home buyers, but that’s not the main reason for analyst Kenneth Zener’s U-turn on home builders. What undermines the view that demand for new homes was stabilizing, he said, is data showing that job growth has been weak and that the break-even employment rate — the hiring needed to offset job losses — appears to be in long-term decline.
One problem with lowering the cost of capital is when you have to raise it. That's the overly simplistic issue pitting prospective homebuyers against a market with a chronic lack of supply.
Mortgage rates may not be high by historical standards. But compared to the last 15 years, many would-be homebuyers are priced out. As of April 14, the 10-year Treasury note shows no signs of relief. It acts as a spread for the 30-year fixed mortgage.
This stings after the Great Relocation of 2020–2021, when homes changed hands at breakneck speed and record prices. Today, few homeowners are willing to trade a 3% mortgage for one near 7%.
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That lock-in effect has frozen existing inventory. New construction is often the only housing available. For risk-tolerant investors, that creates a real, if nuanced, opportunity. But first, it’s important to understand the nature of the crisis.
The Supply Crisis That Won't Fix Itself Before examining individual stocks, the macro backdrop matters. The U.S. housing supply gap widened to an estimated 4.03 million homes in 2025. That figure has grown every year for over a decade.
The White House economists estimate the shortage could be as large as 10 million homes. The gap reflects years of underbuilding, zoning restrictions, and labor shortages. None of those issues can be resolved quickly.
Even under an optimistic scenario—construction up 50%, pent-up demand fully absorbed—closing the gap takes roughly seven years. That's a long structural tailwind for builders and something that investors can profit from.
There's also a generational demand reservoir building. An estimated 1.82 million Millennial and Gen Z households were "missing" in 2025. High costs have delayed their entry into the market. That demand doesn't disappear. It waits.
Why High Rates Are a Double-Edged Sword for Builders Here's the counterintuitive core of this story. The same rates that crush affordability are also keeping existing homeowners in place. Sellers don't want to trade a 3% mortgage for 7%. So they stay put.
That freeze drains resale inventory. It pushes buyers who can still qualify toward new construction. Builders become the only game in town. Now here are three stocks to consider.
D.R. Horton (DHI): Built for This Market D.R. Horton NYSE: DHI is the largest homebuilder in the U.S. by volume. Its focus on entry-level, affordably priced homes is precisely what this market demands most. That positioning is not an accident.
D.R. Horton Today
$153.99 +7.28 (+4.96%)
As of 06/11/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$119.54▼
$184.54Dividend Yield1.17%
P/E Ratio14.43
Price Target$168.54
D.R. Horton's strategy is often summarized as "pace over price." The company would rather offer incentives to keep inventory moving than hold out for peak margins. In a high-rate, affordability-constrained market, that philosophy works.
DHI operates in-house mortgage and financial services divisions. These allow it to fund rate buydowns directly. It captures buyers who otherwise couldn't qualify at prevailing market rates. Smaller builders simply can't compete with that.
The company's three-to-five-year earnings per share (EPS) growth rate is pegged near 18%. That suggests the market may be underpricing the durability of its model. The primary risk is sustained high rates pushing buydown costs higher and compressing margins further into 2027.
Lennar (LEN): Pivoting to Asset-Light at Scale Lennar Corp. NYSE: LEN is executing one of the most deliberate strategic pivots in the sector. It is actively moving toward an asset-light model. LEN offloads land development to third-party entities to reduce balance sheet exposure.
Lennar Today
$94.95 +5.10 (+5.68%)
As of 06/11/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$81.18▼
$144.24Dividend Yield2.11%
P/E Ratio13.64
Price Target$97.27
In Q1 2026, Lennar delivered 16,863 homes, down 5% year-over-year. But new orders rose 1% to 18,515 homes. That order growth matters. It signals demand is holding even as the company reshapes its cost structure.
The concern is incentive spending. Lennar has been allocating roughly 14% of its sales price to mortgage rate buydowns and closing cost assistance. That preserves volume. It also compresses margins.
If rates remain elevated through late 2026, that incentive load may have to climb higher still. Investors should watch gross margin trends closely each quarter.
Lennar's scale gives it staying power. But this is a transition story, and transitions carry risk.
NVR Inc.: The Capital Efficiency Blueprint NVR Inc. NYSE: NVR is architecturally different from its two larger peers. It owns almost no land outright. Instead, it controls lots through options contracts, which give it the right, but not the obligation, to buy.
NVR Today
$6,470.01 +164.97 (+2.62%)
As of 06/11/2026 04:00 PM Eastern
52-Week Range$5,501.01▼
$8,618.28P/E Ratio15.77
Price Target$7,649.33
That distinction is everything. If market conditions deteriorate, NVR walks away from an option and loses only a small fee. D.R. Horton and Lennar, holding owned land, face a much steeper cost of being wrong.
That model produces exceptional capital returns. NVR posted a sector-leading return on equity of 34.7% in 2025, which was nearly double the industry average. Berkshire Hathaway has held a long-term stake in NVR, a signal of confidence in the model's durability.
The tradeoffs are real. NVR's geographic concentration in the Mid-Atlantic and Midwest limits its exposure to the high-growth Sun Belt markets. NVR has a premium valuation, trading around 15x earnings versus the sector's 10–12x average. That leaves less margin for error. However, for investors who prioritize capital efficiency over growth, NVR remains the sector's gold standard.
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NVR (NVR - Free Report) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis homebuilder is expected to post quarterly earnings of $78.25 per share in its upcoming report, which represents a year-over-year change of -17.5%.
Revenues are expected to be $1.99 billion, down 15.2% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.91% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for NVR?For NVR, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.39%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that NVR will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that NVR would post earnings of $104.96 per share when it actually produced earnings of $121.54, delivering a surprise of +15.80%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
NVR doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAnother stock from the Zacks Building Products - Home Builders industry, PulteGroup (PHM - Free Report) , is soon expected to post earnings of $1.8 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of -30%. Revenues for the quarter are expected to be $3.38 billion, down 13% from the year-ago quarter.
The consensus EPS estimate for PulteGroup has remained unchanged over the last 30 days. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +1.48%.
This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that PulteGroup will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
, /PRNewswire/ -- NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its first quarter ended March 31, 2026 of $198.4 million, or $67.76 per diluted share. Net income and diluted earnings per share for the first quarter ended March 31, 2026 decreased 34% and 29%, respectively, when compared to 2025 first quarter net income of $299.6 million, or $94.83 per diluted share. Consolidated revenues for the first quarter of 2026 totaled $1.88 billion, which decreased 22% from $2.40 billion in the first quarter of 2025.
Homebuilding
New orders in the first quarter of 2026 increased by 7% to 5,738 units, when compared to 5,345 units in the first quarter of 2025. The average sales price of new orders in the first quarter of 2026 was $440,100, a decrease of 2% when compared with the first quarter of 2025. The cancellation rate in the first quarter of 2026 was 14% compared to 16% in the first quarter of 2025. Settlements in the first quarter of 2026 decreased by 22% to 4,015 units, compared to 5,133 units in the first quarter of 2025. The decrease in settlements was primarily attributable to a 15% lower backlog balance of homes sold but not settled entering the first quarter of 2026 compared to the same period in 2025. The average settlement price in the first quarter of 2026 was $457,000, which remained relatively flat when compared to the first quarter of 2025. As of March 31, 2026 our backlog of homes totaled 10,171 units, which was flat compared to March 31, 2025, while the dollar value of backlog declined 3% to $4.70 billion.
Homebuilding revenues of $1.83 billion in the first quarter of 2026 decreased by 22% compared to homebuilding revenues of $2.35 billion in the first quarter of 2025. Gross profit margin in the first quarter of 2026 decreased to 19.6%, compared to 21.9% in the first quarter of 2025. Gross profit margin was negatively impacted by continued pricing pressure and higher lot costs. Income before tax from the homebuilding segment totaled $224.6 million in the first quarter of 2026, a decrease of 39% when compared to the first quarter of 2025.
Mortgage Banking
Mortgage closed loan production in the first quarter of 2026 totaled $1.05 billion, a decrease of 27% when compared to the first quarter of 2025. Income before tax from the mortgage banking segment totaled $27.1 million in the first quarter of 2026, a decrease of 17% when compared to $32.5 million in the first quarter of 2025.
Effective Tax Rate
Our effective tax rate for the three months ended March 31, 2026 was 21.2% compared to 25.5% for the three months ended March 31, 2025. The decrease in the effective tax rate in the first quarter of 2026 was primarily attributable to a higher income tax benefit recognized for excess tax benefits from stock option exercises, which totaled $12.6 million and $2.7 million for the three months ended March 31, 2026 and March 31, 2025, respectively.
About NVR
NVR, Inc. operates in two business segments: homebuilding and mortgage banking. The homebuilding segment sells and builds homes under the Ryan Homes, NVHomes and Heartland Homes trade names, and operates in thirty-seven metropolitan areas in sixteen states and Washington, D.C. For more information about NVR, Inc. and its brands, see www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com and www.heartlandluxuryhomes.com.
Some of the statements in this release made by the Company constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain, but not necessarily all, of such forward-looking statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "will," "should," "could," or "anticipates" or the negative thereof or other comparable terminology. All statements other than of historical facts are forward-looking statements. Forward-looking statements contained in this document may include those regarding market trends, NVR's financial position and financial results, business strategy, the outcome of pending litigation, investigations or similar contingencies, and projected plans and objectives of management for future operations. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance of NVR to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements. Such risk factors include, but are not limited to the following: general economic and business conditions (on both a national and regional level); interest rate changes; access to suitable financing by NVR and NVR's customers; increased regulation in the mortgage banking industry; the ability of our mortgage banking subsidiary to sell loans it originates into the secondary market; competition; the availability and cost of land and other raw materials used by NVR in its homebuilding operations; shortages of labor; the economic impact of a major epidemic or pandemic; weather related slow-downs; building moratoriums; governmental regulation; fluctuation and volatility of stock and other financial markets; mortgage financing availability; and other factors over which NVR has little or no control. NVR undertakes no obligation to update such forward-looking statements except as required by law.
NVR, Inc.
Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)
Three Months Ended March 31,
2026
2025
Homebuilding:
Revenues
1,834,879
$ 2,350,445
Other income
28,049
26,712
Cost of sales
(1,474,539)
(1,835,375)
Selling, general and administrative
(156,971)
(165,117)
Interest expense
(6,854)
(7,181)
Homebuilding income
224,564
369,484
Mortgage Banking:
Mortgage banking fees
46,184
52,587
Interest income
3,629
3,806
Other income
777
1,093
General and administrative
(23,127)
(24,693)
Interest expense
(333)
(273)
Mortgage banking income
27,130
32,520
Income before taxes
251,694
402,004
Income tax expense
(53,335)
(102,428)
Net income
$ 198,359
$ 299,576
Basic earnings per share
$ 71.33
$ 100.41
Diluted earnings per share
$ 67.76
$ 94.83
Basic weighted average shares outstanding
2,781
2,984
Diluted weighted average shares outstanding
2,928
3,159
NVR, Inc.
Consolidated Balance Sheets
(in thousands, except share and per share data)
(unaudited)
March 31, 2026
December 31, 2025
ASSETS
Homebuilding:
Cash and cash equivalents
$ 1,645,786
$ 1,883,844
Restricted cash
40,606
34,348
Receivables
35,423
32,742
Inventory:
Lots and housing units, covered under sales agreements with customers
1,652,220
1,410,695
Unsold lots and housing units
244,499
252,029
Land under development
19,433
39,312
Building materials and other
22,358
21,524
1,938,510
1,723,560
Contract land deposits, net
938,981
851,458
Property, plant and equipment, net
100,899
103,770
Operating lease right-of-use assets
108,985
110,535
Other assets
335,331
349,306
5,144,521
5,089,563
Mortgage Banking:
Cash and cash equivalents
36,281
32,642
Restricted cash
7,014
6,047
Mortgage loans held for sale, net
287,475
571,596
Property and equipment, net
7,892
7,727
Operating lease right-of-use assets
23,035
23,953
Other assets
79,560
125,402
441,257
767,367
Total assets
$ 5,585,778
$ 5,856,930
NVR, Inc.
Consolidated Balance Sheets (Continued)
(in thousands, except share and per share data)
(unaudited)
March 31, 2026
December 31, 2025
LIABILITIES AND SHAREHOLDERS' EQUITY
Homebuilding:
Accounts payable
$ 332,321
$ 259,244
Accrued expenses and other liabilities
374,987
376,976
Customer deposits
273,422
249,210
Operating lease liabilities
116,040
117,589
Senior notes
908,662
909,160
2,005,432
1,912,179
Mortgage Banking:
Accounts payable and other liabilities
61,162
53,738
Operating lease liabilities
25,150
26,144
86,312
79,882
Total liabilities
2,091,744
1,992,061
Commitments and contingencies
Shareholders' equity:
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,555,330 shares issued as of both March 31, 2026 and December 31, 2025
206
206
Additional paid-in capital
3,202,642
3,155,367
Deferred compensation trust – 106,697 shares of NVR, Inc. common stock as of both March 31, 2026 and December 31, 2025
(16,710)
(16,710)
Deferred compensation liability
16,710
16,710
Retained earnings
16,585,128
16,386,769
Less treasury stock at cost – 17,823,503 and 17,755,943 shares as of March 31, 2026 and December 31, 2025, respectively
(16,293,942)
(15,677,473)
Total shareholders' equity
3,494,034
3,864,869
Total liabilities and shareholders' equity
$ 5,585,778
$ 5,856,930
NVR, Inc.
Operating Activity
(dollars in thousands)
(unaudited)
Three Months Ended March 31,
2026
2025
Units
Average
Price
Units
Average
Price
New orders, net of cancellations:
Mid Atlantic (1)
1,917
$ 499.3
1,866
$ 514.5
North East (2)
469
$ 612.0
377
$ 695.0
Mid East (3)
1,183
$ 425.3
1,098
$ 419.9
South East (4)
2,169
$ 358.8
2,004
$ 356.3
Total
5,738
$ 440.1
5,345
$ 448.5
Three Months Ended March 31,
2026
2025
Units
Average
Price
Units
Average
Price
Settlements:
Mid Atlantic (1)
1,418
$ 520.4
2,050
$ 527.9
North East (2)
366
$ 657.1
471
$ 613.2
Mid East (3)
722
$ 430.0
1,013
$ 407.1
South East (4)
1,509
$ 361.7
1,599
$ 354.6
Total
4,015
$ 457.0
5,133
$ 457.9
As of March 31,
2026
2025
Units
Average
Price
Units
Average
Price
Backlog:
Mid Atlantic (1)
3,659
$ 515.7
3,884
$ 535.7
North East (2)
1,076
$ 625.6
961
$ 694.4
Mid East (3)
2,094
$ 431.4
2,130
$ 422.6
South East (4)
3,342
$ 369.6
3,190
$ 372.9
Total
10,171
$ 462.0
10,165
$ 475.9
NVR, Inc.
Operating Activity (Continued)
(dollars in thousands)
(unaudited)
Three Months Ended March 31,
2026
2025
Average active communities:
Mid Atlantic (1)
124
120
North East (2)
31
24
Mid East (3)
99
93
South East (4)
178
164
Total
432
401
Three Months Ended March 31,
2026
2025
Homebuilding data:
New order cancellation rate
14 %
16 %
Lots controlled at end of period
181,700
167,600
Mortgage banking data:
Loan closings
$ 1,052,984
$ 1,432,922
Capture rate
83 %
86 %
Common stock information:
Shares outstanding at end of period
2,731,827
2,944,615
Number of shares repurchased
90,180
77,120
Aggregate cost of shares repurchased
$ 631,956
$ 583,394
(1)
Maryland, Virginia, West Virginia, Delaware and Washington, D.C.
(2)
New Jersey and Eastern Pennsylvania
(3)
New York, Ohio, Western Pennsylvania, Indiana and Illinois
(4)
North Carolina, South Carolina, Tennessee, Florida, Georgia and Kentucky
NVR (NVR - Free Report) came out with quarterly earnings of $67.76 per share, missing the Zacks Consensus Estimate of $78.25 per share. This compares to earnings of $94.83 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -13.41%. A quarter ago, it was expected that this homebuilder would post earnings of $104.96 per share when it actually produced earnings of $121.54, delivering a surprise of +15.8%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
NVR, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $1.83 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 7.93%. This compares to year-ago revenues of $2.35 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
NVR shares have lost about 4.9% since the beginning of the year versus the S&P 500's gain of 3.2%.
What's Next for NVR?While NVR has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for NVR was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $100.59 on $2.42 billion in revenues for the coming quarter and $402.87 on $9.63 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Home Builders is currently in the bottom 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Smith Douglas Homes Corp. (SDHC - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on April 29.
This company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of +133.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Smith Douglas Homes Corp.'s revenues are expected to be $199.2 million, down 11.4% from the year-ago quarter.
Is NVR Inc. (NVR) Still Undervalued After Q1 2026 Miss? EPS $67.76 (miss vs. $79.53 est.), Revenue $1.88B (miss vs. $2.069B est.); GF Score 87/100, 13.3% Undervalued Orders improved, settlements declined, and margins compressed amid pricing pressure and higher lot costs
Q1 2026 revenue was $1.88 billion, down 22% year over year.Diluted EPS was $67.76, down 29% year over year.EPS of $67.76 was below the $79.53 analyst estimate.Revenue of $1.88 billion was below the $2.069 billion analyst estimate.New orders were 5,738 units, up 7% year over year.Settlements were 4,015 units, down 22% year over year.Homebuilding gross margin was 19.6%, down from 21.9% a year ago.Backlog stood at 10,171 units (flat), with backlog value at $4.70 billion (down 3%).Share repurchases totaled 90,180 shares for $631.96 million in Q1. On April 22, 2026, NVR Inc NVR released its 8-K filing reporting first-quarter 2026 results. Net income was $198.4 million, or $67.76 per diluted share, compared with $299.6 million, or $94.83 per diluted share, in the prior-year period. Consolidated revenue was $1.88 billion, down from $2.40 billion a year earlier.
NVR Inc NVR is engaged in the construction and sale of residential properties, including single-family detached homes, townhomes, and condominium buildings, built on a pre-sold basis. The company also provides mortgage banking and title services. Its operating segments are Homebuilding and Mortgage Banking. Geographically, it serves the Mid Atlantic, North East, Mid East, and South East regions of the U.S. The majority of revenue is derived from the Homebuilding Mid Atlantic segment, which includes Maryland, Virginia, West Virginia, Delaware, and Washington, D.C.
Quarterly performance versus expectations Diluted EPS of $67.76 was below the $79.53 analyst estimate. Revenue of $1.88 billion was below the $2.069 billion analyst estimate. Year over year, net income decreased 34% and diluted EPS decreased 29%, reflecting lower settlements and margin compression.
Homebuilding revenue declined 22% to $1.83 billion. Homebuilding income before taxes fell 39% to $224.6 million. Mortgage banking income before taxes decreased 17% to $27.1 million as closed loan production dropped 27% to $1.05 billion.
Homebuilding and demand indicators New orders rose 7% to 5,738 units. The average sales price of new orders decreased 2% to $440,100. The cancellation rate was 14%, down from 16% a year ago, indicating slightly better buyer follow-through. Settlements fell 22% to 4,015 units, driven by a lower entering backlog. Management noted:
The decrease in settlements was primarily attributable to a 15% lower backlog balance of homes sold but not settled entering the first quarter of 2026 compared to the same period in 2025.Backlog units ended the quarter at 10,171 (flat year over year), while backlog value declined 3% to $4.70 billion. Average active communities increased to 432 from 401, and lots controlled rose to 181,700 from 167,600—both supportive of future capacity. The average settlement price was $457,000, relatively flat versus last year.
Homebuilding gross profit margin contracted to 19.6% from 21.9%, with the filing stating:
Gross profit margin was negatively impacted by continued pricing pressure and higher lot costs.Mortgage banking trends Mortgage closed loan production totaled $1.05 billion, down 27% year over year, consistent with lower settlements and a still-challenging rate environment for buyers. The capture rate was 83%, down from 86% in the prior year period. Income before taxes from Mortgage Banking declined 17% to $27.1 million.
Financial statements and capital allocation The effective tax rate was 21.2%, down from 25.5% in the prior-year quarter, aided by stock-option related tax benefits:
The decrease in the effective tax rate in the first quarter of 2026 was primarily attributable to a higher income tax benefit recognized for excess tax benefits from stock option exercises, which totaled $12.6 million and $2.7 million for the three months ended March 31, 2026 and March 31, 2025, respectively.Cash and cash equivalents in the Homebuilding segment were $1.65 billion at March 31, 2026, compared with $1.88 billion at December 31, 2025. Mortgage loans held for sale were $287.5 million, down from $571.6 million at year-end. Total liabilities were $2.09 billion, up from $1.99 billion at year-end, and shareholders’ equity was $3.49 billion, down from $3.86 billion, reflecting significant share repurchases.
NVR repurchased 90,180 shares during the quarter for an aggregate cost of $631.96 million. Diluted weighted average shares outstanding decreased to 2.928 million from 3.159 million a year earlier, which partially offsets EPS pressure in a down revenue environment.
Metric Q1 2026 Q1 2025 Change / Notes Consolidated Revenue $1.88B $2.40B -22% Net Income $198.4M $299.6M -34% Diluted EPS $67.76 $94.83 -29% Homebuilding Revenue $1.83B $2.35B -22% Homebuilding Gross Margin 19.6% 21.9% -230 bps Homebuilding Income (Pre-Tax) $224.6M $369.5M -39% Mortgage Closed Loan Production $1.05B $1.43B -27% Mortgage Banking Income (Pre-Tax) $27.1M $32.5M -17% New Orders (Units) 5,738 5,345 +7% New Order ASP $440,100 $448,500 -2% Settlements (Units) 4,015 5,133 -22% Cancellation Rate 14% 16% Improved Backlog (Units) 10,171 10,165 Flat Backlog (Dollar Value) $4.70B — -3% YoY Effective Tax Rate 21.2% 25.5% Lower Shares Repurchased 90,180 77,120 HigherWhy these metrics matter to homebuilding Orders and cancellation rates are leading indicators of future settlements and revenue. The 7% order growth and lower cancellations suggest stable underlying demand. However, flat unit backlog and a 3% decline in backlog value point to limited near-term growth if conversion does not accelerate. Gross margin compression to 19.6% reflects pricing pressure and higher lot costs, which directly affect profitability in a cost-sensitive, cyclical industry. Active communities and lots controlled (181,700) underpin future land supply and volume potential. In Mortgage Banking, production, capture rate, and gain-on-sale economics influence segment earnings and complement the core homebuilding cycle.
Analysis NVR Inc NVR missed consensus on both revenue and EPS as fewer settlements and lower gross margins outweighed an improving order trend. The mix of higher active communities and increased lots controlled positions the company to meet demand, yet conversion from backlog remains the key swing factor after a 22% decline in settlements. Margin headwinds from pricing and lot costs pressured profitability, while mortgage production fell alongside lower home closings. A lower tax rate provided a partial offset. Robust buybacks reduced the share count and supported per-share results, but the pace of repurchases also lowered shareholders’ equity.
GuruFocus Valuation Check Based on GuruFocus’s proprietary model, the GF Value for NVR Inc NVR is $7,677.14 versus a current price of $6,655.07, indicating the shares appear 13.3% undervalued. This suggests a margin of safety according to the GF Value framework.
The company’s GF Score is 87/100, which is considered strong. Financial Strength is 9/10 and Profitability Rank is 9/10, underscoring a solid balance sheet and consistent earnings power typical of high-quality operators in homebuilding. Growth Rank is 6/10, pointing to moderate expansion prospects, while a 5-star Predictability rating highlights a historically stable performance pattern. A Moat Score of 6/10 implies notable competitive advantages, albeit in a cyclical and competitive industry.
Insider Activity shows insiders sold $9.0 million over the last three months with no reported buying, which is a data point that may warrant caution for some investors. For a deeper dive, visit the NVR Inc stock page on GuruFocus.
Explore the complete 8-K earnings release (here) from NVR Inc for further details.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Key Takeaways NVR's Q1 EPS fell 29% to $67.76 and homebuilding revenues fell 22% to $1.83B, missing estimates.Settlements dropped 21.8% to 4,015 units as the opening backlog was 15% lower; gross margin fell to 19.6%.Orders rose 7% and cancellations eased to 14%, but mortgage loan production slid 27% to $1.05B. NVR, Inc. (NVR - Free Report) reported first-quarter fiscal 2026 results, with earnings and Homebuilding revenues missing the Zacks Consensus Estimate. Both earnings and Homebuilding revenues also declined on a year-over-year basis.
The first-quarter results reflect a period of resilient demand tempered by significant operational and cost-related headwinds. On the positive side, the company saw a healthy uptick in new orders and a favorable decrease in cancellation rates, suggesting sustained buyer interest.
However, these gains were largely offset by a lower opening backlog, which constrained settlement volumes and drove a significant decline in homebuilding revenues. Profitability in the segment was further impacted by continued pricing pressure and elevated lot costs, leading to margin compression. Performance was also weighed down by lower loan production and a reduced capture rate within the mortgage banking segment, alongside broader industry obstacles.
Following the results, NVR stock declined 4.7% during yesterday’s trading hours.
Inside NVR’s Q1 HeadlinesDiluted earnings were $67.76 per share, down 29% from $94.83 a year ago and missing the Zacks Consensus Estimate of $78.25 by 13.4%.
Homebuilding revenues of $1.83 billion also missed the consensus mark of $1.99 billion by 7.9%. Consolidated revenues (Homebuilding & Mortgage Banking fees combined) amounted to $1.88 billion, down 22% on a year-over-year basis. Results reflected a sharp decline in homebuilding settlements, partially offset by stronger order activity and a lower cancellation rate.
Segment Details of NVR
NVR Sees Homebuilding Setbacks From Fewer ClosingsHomebuilding remained the central swing factor. Segment revenues decreased 22% year over year due to settlements declining 21.8% to 4,015 units from 5,133 units in the prior-year quarter. Management attributed the decline largely to a 15% lower backlog entering the quarter versus the comparable period last year. Our model predicted settlements to decline 12.6% year over year to 4,488 units. The average selling price (ASP) for settlements remained flat year over year at $457,000. Our estimate for the metric was $450,800.
Margin performance also tightened. Homebuilding gross profit margin fell to 19.6% from 21.9% a year ago, pressured by continued pricing pressure and higher lot costs. Our estimate for the metric was 18.9%. As a result, homebuilding income fell to $224.6 million from $369.5 million in the prior-year quarter.
Mortgage Banking Slows With Lower Loan VolumeMortgage banking results moderated as origination volume declined. Mortgage closed loan production totaled $1.05 billion, down 27% year over year, reflecting weaker volume flowing through the channel. Mortgage banking income before taxes decreased 17% to $27.1 million from $32.5 million a year ago.
Fee revenues also moved lower. Mortgage banking fees were $46.2 million versus $52.6 million in the year-ago quarter. The capture rate was 83% compared with 86% a year earlier, indicating a modest decline in the share of homebuyers using NVR’s mortgage platform.
NVR Shows Better Orders, Lower Cancellations in Q1While deliveries were down, demand signals improved in key measures. New orders increased 7% year over year to 5,738 units, and the cancellation rate improved to 14% from 16% a year ago. The ASP of new orders was $440,100, down 2% from the prior-year quarter. Our model predicted the ASP of new orders at $476,600.
Backlog stability was another constructive indicator. As of March 31, 2026, backlog totaled 10,171 units, essentially flat versus March 31, 2025, though the dollar value of backlog declined 3% to $4.7 billion. NVR also reported average active communities of 432, up from 401 in the prior-year period, supporting a broader selling footprint despite the near-term settlement decline.
NVR Maintains Liquidity While Continuing Share RepurchasesBalance sheet liquidity remained meaningful, though cash balances declined from year-end levels. Homebuilding cash and cash equivalents were $1.65 billion on March 31, 2026, versus $1.88 billion as of Dec. 31, 2025. Mortgage banking cash and cash equivalents were $36.3 million versus $32.6 million at year-end.
Capital return activity continued at a sizable pace. During the first quarter of fiscal 2026, NVR repurchased 90,180 shares at an aggregate cost of $632 million. Shares outstanding at quarter end were 2,731,827, reflecting ongoing share count reduction alongside a housing market backdrop that remained challenging for near-term volumes.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
D.R. Horton (DHI - Free Report) delivered second-quarter fiscal 2026 results with earnings beating the Zacks Consensus Estimate but revenues missing the same. The quarter was marked by an 11% jump in net sales orders and progress in tightening finished inventory, even as affordability constraints kept incentives elevated.
D.R. Horton updated fiscal 2026 consolidated revenue guidance to $33.5-$34.5 billion compared with the prior expectation of $33.5-$35 billion. This compares with $34.25 billion in fiscal 2025. It now expects homebuilding closings of 86,000-87,500 homes compared with the earlier guidance of 86,000-88,000. This compares with 84,863 in fiscal 2025.
KB Home (KBH - Free Report) reported first-quarter fiscal 2026 results. The company’s quarterly earnings came in line with the Zacks Consensus Estimate, while total revenues missed the same. Both metrics decreased on a year-over-year basis.
For the second quarter of fiscal 2026, KB Home is expecting housing revenues to be in the $1.05-$1.15 billion band, down from $1.52 billion reported in the year-ago period. It expects deliveries to be in the range of 2,250-2,450 homes compared with 3,120 homes delivered in the year-ago period.
Lennar Corporation (LEN - Free Report) reported tepid results for the first quarter of fiscal 2026, wherein its adjusted earnings and total revenues missed the Zacks Consensus Estimate and declined year over year.
For the fiscal second quarter, Lennar expects deliveries to be in the range of 20,000-21,000 homes compared with 20,131 homes delivered in the year-ago period. Lennar expects the ASP of the delivered homes to be in the range of $370,000-$375,000, down from $389,000 reported a year ago.
Homebuilders have been going through a rough patch as of late. Across top homebuilding stocks, analysts expected revenues and earnings to fall considerably in Q1 2026, and this is exactly what happened.
For over a year, stocks in this industry have been range-bound. The SPDR S&P Homebuilders ETF NYSEARCA: XHB is a commonly used proxy for this industry, tracking the performance of over 30 homebuilders or housing-related stocks. The fund has delivered an approximate total return of just 5% since the start of 2025. With interest rates still relatively high and housing affordability low, stocks in this space have struggled to gain much momentum.
Three of the top U.S. homebuilders just reported earnings; here’s how they stacked up and what it signals about the industry going forward.
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Pulte’s EPS Falls 30%, Analysts Point to Moderate UpsidePulte Group NYSE: PHM is one of the more diversified U.S. homebuilders targeting a balanced mix of market segments. In Q1, 38% of the company’s sales came from first-time buyers, while “move-up” buyers accounted for 39%. Its “active adult” buyer group, which includes sales in 55+ communities, accounted for 23% of sales.
PulteGroup Today
$123.88 +5.39 (+4.55%)
As of 06/11/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$98.27▼
$144.49Dividend Yield0.84%
P/E Ratio11.98
Price Target$140.71
Pulte saw its sales fall by 12% year over year (YOY) to $3.41 billion, essentially in line with estimates.
The significant decline came even as the company offered much greater incentives to home buyers. This led to a substantial 310 basis point compression in gross home sales margin.
In turn, adjusted earnings per share (EPS) tanked by just over 30% to $1.79, 1 cent short of estimates. The company’s new orders grew moderately by 3% YOY, similar to the 4% increase seen in Q4 2025, but Pulte did not change its guidance for the full year.
Still, Pulte saw a modest 2.4% gain after its report, indicating that the results were better than some investors had feared.
Several analysts tracked by MarketBeat raised their price targets after the report, with updates averaging around $147. This figure implies healthy upside in shares and is slightly above the MarketBeat consensus price target of around $141.
D.R. Horton Outperforms Against Low Expectations, Targets SpreadHomebuilding behemoth D.R. Horton NYSE: DHI was a clear standout. The company, which focuses on first-time home buyers, posted revenue of $7.56 billion. This marked a moderate 2% YOY drop, roughly in line with expectations and by far the best figure among this group. The firm also posted a solid bottom-line beat, with adjusted EPS of $2.24 versus estimates of $2.15. The figure fell by 13% YOY.
D.R. Horton Today
$153.99 +7.28 (+4.96%)
As of 06/11/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$119.54▼
$184.54Dividend Yield1.17%
P/E Ratio14.43
Price Target$168.54
Forward-looking metrics were particularly strong, with home orders rising by 11% YOY, the highest rate among these names. The company did slightly lower the top end of its full-year guidance to $34.5 billion, but its midpoint estimate of $34 billion still exceeded estimates.
D.R. Horton also saw considerable margin compression, with the firm’s adjusted home sales gross margin declining by 230 basis points to 19.7%. Overall, these results allowed DHI shares to soar by nearly 6% post-earnings.
The MarketBeat consensus price target near $169 implies only around 5% upside in shares. Notably, all analysts who issued updates after the report raised their price targets; however, updated targets averaged around $165. They also showed significant variance, ranging from $206 to $123. These figures imply upside of more than 25% and downside of more than 20%, respectively.
NVR: Sales Plummet, Order Growth Ticks UpNVR NYSE: NVR sits more in the middle of the market, with its average home selling price coming in at $457,000 in Q1 2026. This was squarely between Pulte’s $542,000 average selling price and D.R. Horton’s $362,000, showing the differences in income among their respective customers.
NVR Today
$6,470.01 +164.97 (+2.62%)
As of 06/11/2026 04:00 PM Eastern
52-Week Range$5,501.01▼
$8,618.28P/E Ratio15.77
Price Target$7,649.33
The company saw its revenues take a 21.7% hit, falling to $1.91 billion. This significantly missed the estimates of $2.09 billion. EPS fell by 28.6% to $67.76, missing estimates of $79.97 by a wide margin. The company’s gross margin compression mirrored D.R. Horton, with the figure falling 230 basis points to 19.6%.
However, like the other two names, new orders saw a moderate increase, rising by 7%. This was an improvement over the 4% increase in the prior quarter. NVR’s average selling price remained flat YOY, while the metric fell by 3% at Pulte and 5% at D.R. Horton. Combined with rising orders, this is a positive sign for NVR, showing that the company isn’t compromising on price to drive demand. Notably, NVR does not provide forward guidance. NVR shares fell 4.7% following the results.
Multiple analysts dropped their targets after the report, with updates averaging approximately $7,465, moderately below the consensus target near $7,650. This updated average target implies just under 15% upside in shares.
Homebuilders Continue to Face a Difficult EnvironmentEarnings across these three names showed a trend: revenue and margin hits across the industry. D.R. Horton was a bright spot, with the lowest sales decline and the highest order growth. Encouragingly, orders rose across all names, but the industry is still in a rut. Price targets remain relatively subdued, but point to upside ahead, indicating a degree of optimism among the analyst community.
Fixed rates on 30-year mortgages briefly fell below 6% prior to the conflict in the Middle East. Rates have since risen back to 6.2%. A clear end to the conflict would be a meaningful positive for homebuilders, likely helping rates approach 6% again, improving demand.
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NVR, Inc. demonstrates resilience amid soft housing markets, leveraging an asset-light model and East Coast focus for sustained profitability. NVR maintains a robust net income margin of 10.4% in Q1 2026, outperforming peers, despite a 21.4% YoY revenue decline. Valuation metrics (P/S 1.87x, P/B 5.09x) indicate NVR is underpriced, with target prices suggesting upside potential.
NVR, Inc. (NVR) is upgraded from Sell to Hold as forward indicators improve, but P&L remains under pressure. Q1 2026 saw new orders rise 7% y/y, community count increase, and cancellations improve, signaling demand stabilization. Despite better forward metrics, revenue fell 22% y/y, gross margin declined 230bps, and homebuilding income before tax dropped 39% y/y.
On April 24, 2026, Magnolia Group, LLC disclosed a sale of 1,170,437 shares of Alliance Resource Partners (ARLP 0.47%), an estimated $30.30 million trade based on quarterly average pricing, according to a new SEC filing.
Alliance Resource Partners, L.P. operates seven mining complexes and manages coal, mineral, and royalty assets across key U.S. basins.
Sold 1,170,437 shares; estimated transaction value $30.30 million (quarterly average pricing)Quarter-end position value decreased $20.95 million, reflecting both share sale and price changesTotal 13F reportable AUM decreased 11.4% quarter over quarter, from $606.51 million to $537.51 millionPost-trade holding: 1,411,260 shares valued at $39.02 millionAlliance Resource Partners, L.P. now accounts for 7.26% of fund AUM, the fund's fifth-largest positionWhat happenedAccording to a SEC filing dated April 24, 2026, Magnolia Group, LLC sold 1,170,437 shares of Alliance Resource Partners, L.P. The estimated transaction value was $30.30 million, based on the mean unadjusted closing price during the 2026 first quarter. The fund's quarter-end position in Alliance Resource Partners, L.P. was valued at $39.02 million, a $20.95 million decrease from the prior quarter, reflecting both trading activity and market price changes.
What else to knowThe April 24, 2026, filing shows a sell transaction; Alliance Resource Partners, L.P. now represents 7.26% of Magnolia Group, LLC's $537.51 million 13F reportable AUM.Top holdings after the filing:NYSE:NNI: $215.23 million (40.0% of AUM)NYSE:BOC: $65.28 million (12.1% of AUM)NYSE:CNR: $63.10 million (11.7% of AUM)NYSE:ABG: $56.28 million (10.5% of AUM)NASDAQ:ARLP: $39.02 million (7.26% of AUM)As of April 23, 2026, Alliance Resource Partners, L.P. shares were priced at $25.23, up 2.4% over the prior year, underperforming the S&P 500 by 29.88 percentage points.Company overviewMetricValueRevenue (TTM)$2.19 billionNet Income (TTM)$311.16 millionDividend Yield9.65%Price (as of market close April 23, 2026)$25.23Company snapshotARLP produces and markets thermal and metallurgical coal, manages coal loading terminals, and owns oil and gas royalty interests; also offers mining technology solutions.Alliance Group generates revenue primarily through coal sales to utilities and industrial users, as well as from leasing mineral rights and providing mining-related services.The company serves electric utilities, industrial customers, and oil & gas operators across the United States.Alliance Resource Partners, L.P. is a leading U.S. natural resource company focused on coal production and mineral leasing, with a diversified portfolio spanning coal mining, royalty interests, and mining technology. The company operates seven underground mining complexes and manages significant coal reserves and mineral rights in key U.S. basins. Its integrated approach and broad customer base provide resilience and scale within the energy sector.
What this transaction means for investorsThe headline number — 1,170,437 shares sold — doesn't tell you much on its own. What matters is the proportion. Magnolia cut its ARLP stake by roughly 45%, dropping from 2,581,697 shares to 1,411,260. That's meaningful in any context, but it's especially notable inside a portfolio that holds only 12 names and concentrates 40% of its $537 million in 13F AUM in a single position. Concentrated funds don't trim casually — every move reshapes the book. Magnolia hasn't said publicly why it sold, so readers shouldn't fill in a thesis. What the filing does show is that this wasn't an isolated coal call. The fund also exited Lamb Weston Holdings (LW +2.20%) entirely, opened a small new position in NVR (NVR +2.77%), and saw total AUM drop about 11% quarter over quarter. The ARLP sale sits inside a wider portfolio reshape rather than standing alone. For investors who watch 13F filings to mirror manager moves, that distinction is the whole game: copying one trade out of a coordinated rebalance is not the same as copying one trade out of an otherwise stable book. The latter implies a thesis change on the stock itself. The former implies the fund is in motion, and the trade you're mirroring may be a portfolio-construction decision rather than a view on the underlying business. Knowing which one you're copying is what separates a useful 13F signal from a noisy one.
The housing market has been nearly frozen since the pandemic.
A combination of high mortgage rates and the "lock-in effect" from low rates during the pandemic has kept existing home sales at unusually low levels and has pushed up home prices as there's not enough inventory for prospective buyers.
As the chart below shows, existing home sales have been hovering around an average annual rate of 4 million, well below the 5.5 million they were at before the pandemic.
US Existing Home Sales data by YCharts
The lack of available homes for sale has created an opportunity for homebuilders, and for a while, they were taking advantage of that, but homebuilder stocks have slumped since peaking in late 2024 as expectations for interest rate cuts only modestly materialized, and a weakening labor market has pressured demand.
Now, homebuilder stocks are falling again as mortgage rates move higher due to the war in Iran.
Image source: Getty Images.
Mortgage rates are going up Mortgage rates hit their highest level since April 3, with rates on the 30-year fixed mortgage rising to 6.45%, according to Mortgage News Daily.
As the blockade of the Strait of Hormuz continues, investors seem to be betting that interest rates are more likely to go up as inflation makes rate cuts less likely from the Fed, and could even persuade the central bank to raise rates.
Mortgage applications jumped 21% from a year ago last week, according to the Mortgage Bankers Association, showing increasing interest in home-buying as the spring season enters its peak.
NYSEMKT: XHBSPDR Series Trust - State Street SPDR S&P Homebuilders ETF
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Homebuilder stocks have mostly slipped this week and have had mixed results over the last year.
If you're looking to get exposure to the sector, an easy way to do it is with an ETF like State Street SPDR S&P Homebuilders ETF (XHB +4.20%), which holds homebuilders like D.R. Horton (DHI +5.26%) and Lennar, as well as building materials companies like Owens-Corning and home furnishing companies like Williams-Sonoma, which tend to be exposed to similar forces as homebuilders. The ETF currently trades at a price-to-earnings ratio of 17.5.
Homebuilders that have reported earnings this quarter have mostly delivered middling results. At D.R. Horton, the country's largest homebuilder, revenue fell 2.3% to $7.56 billion, and earnings per share declined as well, even as the company aggressively bought back stock over the last year.
NVR's (NVR +2.77%) revenue declined 22% to $1.88 billion, and Pulte Group (PHM +4.65%) reported a 12% decline in revenue to $3.41 billion.
Considering those results, it's clear that the weakness in the housing market remains, and a surge in homebuilding seems unlikely without lower interest rates, especially with the labor market weak.
Outgoing Fed Chair Jerome Powell was careful to not promise any moves by the Fed, and noted the uncertainty from the war, but some oil executives have said that high prices and disruptions could persist through 2027.
Against that backdrop, homebuilder stocks look set to remain stuck in neutral for the foreseeable future. While there remains a housing shortage in the country, and we could see a surge in home sales and homebuilding if rates come down, that could still be years away.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- NVR, Inc. (NYSE: NVR) announces that its Board of Directors has authorized the repurchase of up to an aggregate of $750 million of its outstanding common stock. The repurchase authorization does not have an expiration date. The purchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit. The Company indicated that the authorization is a continuation of the stock repurchase program that began in 1994 and is consistent with NVR's strategy of maximizing shareholder value. Consistent with prior authorizations, this new authorization prohibits the Company from purchasing shares from the Company's officers, directors, Profit Sharing/401(k) Plan Trust or Employee Stock Ownership Plan Trust. As of May 7, 2026, NVR had 2,699,292 total shares of common stock outstanding.
About NVR
NVR, Inc. operates in two business segments: homebuilding and mortgage banking. The homebuilding segment sells and builds homes under the Ryan Homes, NVHomes and Heartland Homes trade names, and operates in thirty-seven metropolitan areas in sixteen states and Washington, D.C. For more information about NVR, Inc. and its brands, see www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com and www.heartlandluxuryhomes.com.
Wall Street is rediscovering the stock split playbook. In May 2026, KLA (NASDAQ: KLAC | KLAC Price Prediction) announced a 10-for-1 forward stock split alongside a fiscal Q3 earnings beat and a roughly 21% dividend hike, with shares trading in the $1,800 range.
It has been about a month since the last earnings report for NVR (NVR - Free Report) . Shares have lost about 9.3% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is NVR due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
NVR's Q1 Earnings Miss Estimates, Homebuilding Revenues Down Y/YNVR reported first-quarter fiscal 2026 results, with earnings and Homebuilding revenues missing the Zacks Consensus Estimate. Both earnings and Homebuilding revenues also declined on a year-over-year basis.
The first-quarter results reflect a period of resilient demand tempered by significant operational and cost-related headwinds. On the positive side, the company saw a healthy uptick in new orders and a favorable decrease in cancellation rates, suggesting sustained buyer interest.
However, these gains were largely offset by a lower opening backlog, which constrained settlement volumes and drove a significant decline in homebuilding revenues. Profitability in the segment was further impacted by continued pricing pressure and elevated lot costs, leading to margin compression. Performance was also weighed down by lower loan production and a reduced capture rate within the mortgage banking segment, alongside broader industry obstacles.
Inside NVR’s Q1 HeadlinesEarnings were $67.76 per share, down 29% from $94.83 a year ago and missing the Zacks Consensus Estimate of $78.25 by 13.4%.
Homebuilding revenues of $1.83 billion also missed the consensus mark of $1.99 billion by 7.9%. Consolidated revenues (Homebuilding & Mortgage Banking fees combined) amounted to $1.88 billion, down 22% on a year-over-year basis. Results reflected a sharp decline in homebuilding settlements, partially offset by stronger order activity and a lower cancellation rate.
Segment Details of NVR
NVR Sees Homebuilding Setbacks From Fewer ClosingsHomebuilding remained the central swing factor. Segment revenues decreased 22% year over year due to settlements declining 21.8% to 4,015 units from 5,133 units in the prior-year quarter. Management attributed the decline largely to a 15% lower backlog entering the quarter versus the comparable period last year. Our model predicted settlements to decline 12.6% year over year to 4,488 units. The average selling price (ASP) for settlements remained flat year over year at $457,000. Our estimate for the metric was $450,800.
Margin performance also tightened. Homebuilding gross profit margin fell to 19.6% from 21.9% a year ago, pressured by continued pricing pressure and higher lot costs. Our estimate for the metric was 18.9%. As a result, homebuilding income fell to $224.6 million from $369.5 million in the prior-year quarter.
Mortgage Banking Slows With Lower Loan VolumeMortgage banking results moderated as origination volume declined. Mortgage closed loan production totaled $1.05 billion, down 27% year over year, reflecting weaker volume flowing through the channel. Mortgage banking income before taxes decreased 17% to $27.1 million from $32.5 million a year ago.
Fee revenues also moved lower. Mortgage banking fees were $46.2 million versus $52.6 million in the year-ago quarter. The capture rate was 83% compared with 86% a year earlier, indicating a modest decline in the share of homebuyers using NVR’s mortgage platform.
NVR Shows Better Orders, Lower Cancellations in Q1While deliveries were down, demand signals improved in key measures. New orders increased 7% year over year to 5,738 units, and the cancellation rate improved to 14% from 16% a year ago. The ASP of new orders was $440,100, down 2% from the prior-year quarter. Our model predicted the ASP of new orders at $476,600.
Backlog stability was another constructive indicator. As of March 31, 2026, backlog totaled 10,171 units, essentially flat versus March 31, 2025, though the dollar value of backlog declined 3% to $4.7 billion. NVR also reported average active communities of 432, up from 401 in the prior-year period, supporting a broader selling footprint despite the near-term settlement decline.
NVR Maintains Liquidity While Continuing Share RepurchasesBalance sheet liquidity remained meaningful, though cash balances declined from year-end levels. Homebuilding cash and cash equivalents were $1.65 billion on March 31, 2026, versus $1.88 billion as of Dec. 31, 2025. Mortgage banking cash and cash equivalents were $36.3 million versus $32.6 million at year-end.
Capital return activity continued at a sizable pace. During the first quarter of fiscal 2026, NVR repurchased 90,180 shares at an aggregate cost of $632 million. Shares outstanding at quarter end were 2,731,827, reflecting ongoing share count reduction alongside a housing market backdrop that remained challenging for near-term volumes.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a flat trend in estimates review.
The consensus estimate has shifted -5.36% due to these changes.
VGM ScoresCurrently, NVR has a average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a score of C on the value side, putting it in the middle 20% for value investors.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook NVR has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
The stock split is back in fashion. Yet a small club of high-priced names has refused to play along for decades, even as peers embrace splits to court retail investors.
Four stand out: AutoZone (NYSE: AZO | AZO Price Prediction) has not split since its 1991 IPO, Goldman Sachs (NYSE: GS) has not split since 2000, NVR (NYSE: NVR) has never split, and TransDigm (NYSE: TDG) has historically returned capital through special dividends. None has announced a split or telegraphed board action. The ranking below counts down from the most entrenched holdout to the one most likely to budge.
4. NVR: The Permanent Holdout The homebuilder carries the highest absolute share price of the four, closing at $6,032.82 on May 26, 2026, with a market cap of roughly $16.3 billion. Q1 2026 was rough: EPS of $67.76 missed the $79.20 consensus estimate, with revenue down 22% year over year and homebuilding settlements off 22%.
CEO Eugene Bredow personally bought 60 shares at $5,776.15 on May 14, 2026, and 80 shares at $6,262.53 on May 6. When insiders happily write four-figure checks per share, splitting the float is not on the agenda. NVR also just authorized a fresh $750 million share buyback. Capital return runs entirely through repurchases.
3. AutoZone: 30+ Years of Stubborn The specialty retailer trades at $3,100.11 a share, down 19.0% over the past year, with a market cap near $51.4 billion and a trailing P/E of 22x. Q3 FY2026 delivered EPS of $38.07 versus $36.17 expected, with revenue up 8.4% year over year.
CEO Phil Daniele has not entertained a split publicly. Capital allocation is all buyback: $586.3 million repurchased in Q3 at $3,582 per share, with $804.2 million remaining. Cumulative buybacks since 1998 hit $38.9 billion, leaving shareholders’ equity negative. There is no dividend program. AutoZone treats a high share price as a deliberate strategic feature. The case for a split is purely cosmetic; the case against it is institutional inertia.
2. TransDigm: The Special-Dividend School The aerospace manufacturer’s stock closed at $1,226, with a market cap of $68.6 billion and a forward P/E of 38x. Q2 FY2026 was strong: adjusted EPS of $9.85 versus $9.31 expected, revenue up 18.3% year over year, and EBITDA margin of 52.6%. Management raised FY2026 guidance to sales of $10.30 billion to $10.42 billion.
TransDigm’s identity centers on M&A and large one-time special dividends over retail-friendly optics. CEO Mike Lisman is busy closing deals, including the recently completed $2.20 billion Jet Parts Engineering and Victor Sierra acquisition, and the pending $960 million Stellant transaction. The lowest share price of the four softens any urgency. A split is conceivable only if leadership decides to court a broader retail base, which is not the current playbook.
1. Goldman Sachs: The Most Plausible Candidate Goldman Sachs closed at $994.52, up 66.2% over the past year, with a market cap of roughly $293 billion. Q4 2025 delivered EPS of $14.01 versus $11.76 expected, a 19.13% beat. Management raised the dividend 12.5% to $4.50 per share, and the firm bought back $12.36 billion of stock in 2025, with roughly $32 billion in capacity remaining.
CEO David Solomon told shareholders the firm has grown “revenues by 60%, improved returns by 500 basis points and delivered total shareholder returns of more than 340%” since its first Investor Day, and expects momentum to “accelerate in 2026.” Goldman has the lowest absolute share price of the four, a retail-investor-facing brand, an active dividend program, and broad employee stock compensation that benefits from a friendlier per-share quote. Prediction markets show zero contracts tracking a Goldman split, and management has signaled nothing.
Key Takeaway for Investors Splits are cosmetic. Market cap, intrinsic value, and fundamentals are unchanged by reslicing the pie. What can shift is retail demand, options accessibility, and short-term sentiment. None of these four companies has announced or signaled a split. Among them, Goldman Sachs carries the cleanest combination of dividend culture, brand recognition, and an employee comp structure that would benefit from a more accessible share price. If any of the four finally budges, the smart money looks to 200 West Street first.
Investors looking for stocks in the Building Products - Home Builders sector might want to consider either Persimmon Plc (PSMMY) or NVR (NVR). But which of these two stocks is more attractive to value investors?
The housing market remains a focal point for investors, making the choice between Lennar (LEN +5.68%)and D.R. Horton (DHI +5.26%)a critical decision for those seeking exposure to residential construction.
Lennar focuses on high-tech homebuilding and financial services, while D.R. Horton maintains its position as the nation's largest builder by volume. Both companies must navigate high interest rates and shifting demographics, but they utilize different land-acquisition strategies and product mixes to capture demand in a changing economic landscape.
The case for LennarLennar operates as a major homebuilder with a geographic footprint spanning 26 states, including high-growth markets in Florida, Texas, and California. The company delivered more than 82,500 new homes in 2025, serving a wide range of buyers from first-time homeowners to luxury clients. It also operates segments for mortgage loans and title insurance, which integrate the home-buying experience for its customers.
In FY 2025, revenue reached nearly $34.2 billion. This figure represented a decrease of approximately 3.5% compared to the previous year, reflecting broader market shifts in the housing industry. Net income for the period was close to $2.1 billion, resulting in a net margin of roughly 6.1%, which measures the percentage of revenue remaining after all expenses are paid.
As of its November 2025 balance sheet, the debt-to-equity ratio was approximately 0.3x. This ratio measures total debt relative to shareholder equity, indicating the company maintains a conservative level of leverage. The current ratio, which measures the ability to pay short-term debts with short-term assets, was roughly 3.1x. Free cash flow, or the cash remaining after capital expenditures, was nearly $28.2 million. Note that stock-based compensation accounted for roughly 75.4% of operating cash flow, thereby inflating reported cash generation, since SBC is a non-cash expense added back in the cash flow statement.
The case for D.R. HortonD.R. Horton is the largest homebuilder in the United States by volume, operating in 126 markets across 36 states. The company focuses heavily on the entry-level market, providing affordable options for buyers who are often sensitive to pricing and interest rates. Its massive scale provides a competitive advantage when participating among consumer discretionary stocks by allowing for better negotiations with suppliers and subcontractors.
For FY 2025, revenue was approximately $34.3 billion. This was a decline of nearly 6.9% compared to the prior year, as the builder faced a more challenging interest rate environment. Despite the revenue dip, the company reported net income of roughly $3.6 billion. This resulted in a net margin of approximately 10.5%, highlighting the company's ability to maintain profitability even during periods of lower volume.
As of its September 2025 balance sheet, the current ratio stood at close to 17.4x. Its debt-to-equity ratio was roughly 0.2x, suggesting the company carries a low amount of debt compared to its equity base. Free cash flow for the year totaled approximately $3.3 billion, providing significant flexibility for shareholder returns or future land acquisitions. Note that stock-based compensation was not a major factor in its cash flow reporting for this period.
Risk profile comparisonLennar faces risks related to the cyclical nature of the housing market, where inflation and interest rates can suddenly dampen demand. The company relies on a land-light strategy that uses options, which could be disrupted if land banks fail to honor contracts or face financial distress. Competition from other large builders, such as PulteGroup(PHM +4.65%) and NVR(NVR +2.77%), also puts pressure on Lennar to maintain its pricing power and delivery schedules.
D.R. Horton is similarly exposed to interest rate volatility, which directly impacts the affordability of its entry-level homes. The company also faces supply chain risks, including shortages of materials such as lumber or drywall, which can delay construction and increase costs. It competes for market share with firms such as KB Home(KBH +4.12%) and Toll Brothers(TOL +5.98%), requiring constant investment in new land and labor to maintain its leading volume position.
Valuation comparisonD.R. Horton appears slightly cheaper based on future earnings estimates, though Lennar offers a more attractive valuation based on its total sales volume.
MetricLennarD.R. HortonSector BenchmarkForward P/E14.5x13.7x29.6xP/S ratio0.7x1.2xSector benchmark uses the SPDR XLY sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
The success of homebuilders depends on many factors, including mortgage rates, affordability concerns, and homebuyers’ willingness to purchase in an uncertain economy. Both D.R. Horton and Lennar face the same challenges and offer similar products. The question is, which company has the more effective strategy?
D.R. Horton has an asset-light land strategy. Unlike the traditional homebuilding model of buying land, developing it, and then selling homes, Horton uses options agreements and partners with developers to buy lots as needed, so its capital isn’t tied up in land ownership. This works well in uncertain housing markets because there’s less risk of sitting on property that won’t sell.
Lennar is also worth considering, however. It’s one of the largest homebuilders in the country and has rewarded its shareholders through buybacks and dividends. It’s a cyclical industry, and if mortgage rates decline and housing demand rises, the entire homebuilding industry should benefit, including Lennar.
If I were choosing between the two today, however, I’d pick D.R. Horton. This company appears to have a better plan to handle an uncertain market. Horton's stronger cash flow and capital efficiency should continue to benefit shareholders. If the housing market improves, both companies could grow. But if conditions remain challenging, I'd rather own the company that appears better positioned to weather the downturn.
Although Wall Street treats homebuilders as cyclical, Berkshire Hathaway (NYSE:BRK-B | BRK-B Price Prediction) just doubled down on the industry in a way that demands attention. On Sunday, May 31, 2026, Berkshire agreed to acquire Taylor Morrison Home for $72.50 per share in cash, a $6.8 billion equity deal valuing the homebuilder at roughly $8.5 billion including debt. The price represents a 24% premium to Taylor Morrison’s May 29 close, and it lands as Berkshire’s first major strategic acquisition under new CEO Greg Abel, who succeeded Warren Buffett at the start of 2026.
What’s notable is the timing. Berkshire is buying into housing while data looks weak. Taylor Morrison (NYSE:TMHC) just reported home closings down 26% year over year to 2,268 units, with adjusted home closings gross margin compressing 400 basis points to 20.6%. Housing starts have bounced between 1.273 million in October 2025 and 1.507 million in March 2026, with April’s print at 1.465 million, down 3% sequentially. Buffett, on CNBC, praised the move: “Greg did that faster than I could done it, smoother than I could have done it, and I never talked to the CEO. He has launched.”
Berkshire already owns Clayton Homes, building product subsidiaries, and Berkshire Hathaway HomeServices. Adding a top-tier production builder with roughly $400 billion in cash still on the balance sheet reads as a multi-decade conviction call on the cycle. The deal is expected to close in the second half of 2026.
So here is the question every retail investor should ask. If the smart money is willing to write an $8.5 billion check for a cyclical, commoditized industry, what does the long memory of that industry actually look like?
The one homebuilder that broke the cycle The S&P 500 has returned roughly 1,800% since 1996. In the same window, one obscure Reston, Virginia builder has delivered approximately 62,000% in price appreciation, with shares trading around $10 in 1996 and near $6,200 today. That gain is roughly 34 times the index’s return.
The stock is NVR (NYSE:NVR), parent of Ryan Homes, NVHomes, and Heartland Homes. Shares last printed at $6,104.80 on May 29, 2026, with a market capitalization of $16.48 billion and a trailing P/E near 15x. NVR has compounded EPS at over 15% annually since 2000, a 25-year track record. From quarterly EPS of $0.24 in Q1 1996 to $121.54 in Q4 2025, the compounding is the entire thesis.
How does a homebuilder do that?
The capital-light model that ate the industry On We Study Billionaires, episode TIP818, Kyle Grieve framed the central puzzle: “How can you reliably maintain a competitive advantage in a service that is pretty straightforward and maybe even a commoditized service?”
NVR’s answer is structural. Two mechanisms do the heavy lifting. As we’ve previously highlighted in our coverage of capital-light compounders, the model is the moat.
First, NVR does not own land. It uses lot purchase agreements, or LPAs, putting down only 10% deposits with third-party developers. The land risk that has flattened generations of homebuilders in downturns sits elsewhere.
Second, NVR pre-sells homes. Customers agree to purchase before construction begins. Construction is then performed by independent subcontractors. Roughly 90% of revenue is homebuilding and about 10% is mortgage origination. Inventory risk gets pushed onto the buyer, and labor flexes with demand.
Layer aggressive buybacks on top, and you have history’s most efficient homebuilder. NVR has repurchased shares continuously since 1994. Full-year 2025 buybacks totaled $1.82 billion across 243,082 shares, and the board authorized a fresh $750 million program in Q4 2025. Q1 2026 added another $631.96 million across 90,180 shares, per the company’s 8-K filing.
I’ve been watching homebuilders since the post-2009 recovery, and the persistent feature of NVR is that the model holds when the cycle bites. Q1 2026 revenue fell 20% year over year to $1.88 billion, and EPS came in at $67.76 versus a $79.20 estimate. Shares are down 16% year to date and down 14% over the trailing year. NVR still rides the cycle. The only quarterly loss in its 30-year earnings record was Q4 2008 at negative $5.54, and it returned to profitability the very next quarter.
The long memory lesson The bull case for housing typically gets dressed up in demographic charts and migration patterns. Long term, housing heads higher in the decades to come, and Berkshire is betting that an operator with land, brand, and scale is worth $8.5 billion in the middle of a down year. Retail sentiment seems to agree. Reddit threads around the deal logged bullish sentiment scores of 70 to 72 through the announcement window.
The long memory of the industry says something more specific. The investor who, in 1996, simply bought the builder that refused to own land and refused to build a home it had not already sold did not have to time a single cycle. They piled into a capital-light compounder while everyone else argued about mortgage rates. Roughly 34 times the S&P 500 later. Berkshire is betting the cycle turns. The cycle has turned before. And the winner of the last one compounded through every downturn without ever needing it to end.
Paper gains don't pay the bills; real income does. Income investments can fund your lifestyle without dismantling your assets. Financial independence means getting paid, not selling.
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Gladstone Land (LAND - Free Report) has been beaten down lately with too much selling pressure. While the stock has lost 19.6% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefiting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Here's Why LAND Could Experience a TurnaroundThe RSI reading of 29.02 for LAND is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.
This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering LAND in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 26.5% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, LAND currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Gladstone Land (NASDAQ:LAND – Get Free Report) and Medalist Diversified REIT (NASDAQ:MDRR – Get Free Report) are both small-cap finance companies, but which is the superior stock? We will compare the two companies based on the strength of their dividends, earnings, risk, valuation, analyst recommendations, profitability and institutional ownership.
Dividends Gladstone Land pays an annual dividend of $0.56 per share and has a dividend yield of 5.5%. Medalist Diversified REIT pays an annual dividend of $0.27 per share and has a dividend yield of 2.4%. Gladstone Land pays out -466.7% of its earnings in the form of a dividend. Medalist Diversified REIT pays out -14.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Gladstone Land has increased its dividend for 2 consecutive years and Medalist Diversified REIT has increased its dividend for 2 consecutive years. Gladstone Land is clearly the better dividend stock, given its higher yield and lower payout ratio.
Valuation and Earnings This table compares Gladstone Land and Medalist Diversified REIT”s revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Gladstone Land $88.34 million 4.84 $13.53 million ($0.12) -85.50 Medalist Diversified REIT $10.40 million 1.57 -$2.39 million ($1.84) -6.21 Gladstone Land has higher revenue and earnings than Medalist Diversified REIT. Gladstone Land is trading at a lower price-to-earnings ratio than Medalist Diversified REIT, indicating that it is currently the more affordable of the two stocks.
Volatility & Risk Gladstone Land has a beta of 1.23, indicating that its stock price is 23% more volatile than the S&P 500. Comparatively, Medalist Diversified REIT has a beta of 0.51, indicating that its stock price is 49% less volatile than the S&P 500.
Institutional and Insider Ownership 53.6% of Gladstone Land shares are owned by institutional investors. Comparatively, 17.4% of Medalist Diversified REIT shares are owned by institutional investors. 7.2% of Gladstone Land shares are owned by insiders. Comparatively, 43.8% of Medalist Diversified REIT shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
Analyst Ratings This is a breakdown of recent ratings and price targets for Gladstone Land and Medalist Diversified REIT, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Gladstone Land 0 3 1 0 2.25 Medalist Diversified REIT 1 0 0 0 1.00 Gladstone Land currently has a consensus target price of $10.00, indicating a potential downside of 2.53%. Given Gladstone Land’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Gladstone Land is more favorable than Medalist Diversified REIT.
Profitability This table compares Gladstone Land and Medalist Diversified REIT’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Gladstone Land 15.31% 2.01% 1.08% Medalist Diversified REIT -22.37% -9.28% -2.86% Summary Gladstone Land beats Medalist Diversified REIT on 14 of the 16 factors compared between the two stocks.
About Gladstone Land (Get Free Report)
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion. Gladstone Land’s farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 20-plus years and harvested annually. Approximately 40% of the Company’s fresh produce acreage is either organic or in transition to become organic, and over 10% of its permanent crop acreage falls into this category. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has paid 129 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 32 times over the prior 35 quarters, and the current per-share distribution on its common stock is $0.0464 per month, or $0.5568 per year.
About Medalist Diversified REIT (Get Free Report)
Medalist Diversified REIT Inc. is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.
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Whitestone REIT (NYSE:WSR – Get Free Report) and Gladstone Land (NASDAQ:LAND – Get Free Report) are both small-cap finance companies, but which is the better stock? We will compare the two companies based on the strength of their earnings, risk, valuation, profitability, institutional ownership, dividends and analyst recommendations.
Risk & Volatility Whitestone REIT has a beta of 0.71, meaning that its stock price is 29% less volatile than the S&P 500. Comparatively, Gladstone Land has a beta of 1.23, meaning that its stock price is 23% more volatile than the S&P 500.
Institutional and Insider Ownership 69.5% of Whitestone REIT shares are owned by institutional investors. Comparatively, 53.6% of Gladstone Land shares are owned by institutional investors. 3.2% of Whitestone REIT shares are owned by company insiders. Comparatively, 7.2% of Gladstone Land shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Profitability This table compares Whitestone REIT and Gladstone Land’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Whitestone REIT 31.04% 11.23% 4.34% Gladstone Land 15.31% 2.01% 1.08% Dividends Whitestone REIT pays an annual dividend of $0.57 per share and has a dividend yield of 3.4%. Gladstone Land pays an annual dividend of $0.56 per share and has a dividend yield of 5.4%. Whitestone REIT pays out 60.0% of its earnings in the form of a dividend. Gladstone Land pays out -466.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Whitestone REIT has raised its dividend for 5 consecutive years and Gladstone Land has raised its dividend for 2 consecutive years. Gladstone Land is clearly the better dividend stock, given its higher yield and lower payout ratio.
Analyst Ratings This is a summary of recent ratings and recommmendations for Whitestone REIT and Gladstone Land, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Whitestone REIT 0 1 6 1 3.00 Gladstone Land 0 3 1 0 2.25 Whitestone REIT currently has a consensus target price of $16.80, suggesting a potential upside of 1.47%. Gladstone Land has a consensus target price of $10.00, suggesting a potential downside of 3.29%. Given Whitestone REIT’s stronger consensus rating and higher probable upside, equities research analysts clearly believe Whitestone REIT is more favorable than Gladstone Land.
Earnings and Valuation This table compares Whitestone REIT and Gladstone Land”s gross revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Whitestone REIT $160.86 million 5.29 $49.93 million $0.95 17.43 Gladstone Land $88.34 million 4.88 $13.53 million ($0.12) -86.17 Whitestone REIT has higher revenue and earnings than Gladstone Land. Gladstone Land is trading at a lower price-to-earnings ratio than Whitestone REIT, indicating that it is currently the more affordable of the two stocks.
Summary Whitestone REIT beats Gladstone Land on 14 of the 18 factors compared between the two stocks.
About Whitestone REIT (Get Free Report)
Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities. The Company believes its strong community connections and deep tenant relationships are key to the success of its current centers and its acquisition strategy.
About Gladstone Land (Get Free Report)
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion. Gladstone Land’s farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 20-plus years and harvested annually. Approximately 40% of the Company’s fresh produce acreage is either organic or in transition to become organic, and over 10% of its permanent crop acreage falls into this category. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has paid 129 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 32 times over the prior 35 quarters, and the current per-share distribution on its common stock is $0.0464 per month, or $0.5568 per year.
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High-yield 'mousetrap' REITs consistently underperform, with significant risk of dividend cuts and capital loss, as evidenced by recent 12-month returns lagging VNQ by over 1,000 bps. Dividend Safety scores are critical; REITs rated F face a 40% chance of a cut within 12 months, often resulting in sharp share price declines. Key danger signals include high payout ratios, weak revenues, and heavy debt loads.
Accordant Advisory Group Inc cut its holdings in Gladstone Land Corporation (NASDAQ:LAND – Free Report) by 49.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 128,650 shares of the real estate investment trust’s stock after selling 125,383 shares during the quarter. Gladstone Land comprises 0.8% of Accordant Advisory Group Inc’s holdings, making the stock its 27th biggest position. Accordant Advisory Group Inc owned approximately 0.35% of Gladstone Land worth $1,177,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. NewEdge Advisors LLC grew its holdings in shares of Gladstone Land by 1,521.9% during the third quarter. NewEdge Advisors LLC now owns 266,414 shares of the real estate investment trust’s stock worth $2,440,000 after buying an additional 249,988 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Gladstone Land by 570.2% during the third quarter. Millennium Management LLC now owns 283,538 shares of the real estate investment trust’s stock worth $2,597,000 after buying an additional 241,231 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Gladstone Land by 16.5% during the third quarter. ProShare Advisors LLC now owns 698,201 shares of the real estate investment trust’s stock worth $6,396,000 after buying an additional 98,781 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Gladstone Land by 58,781.4% during the third quarter. Farther Finance Advisors LLC now owns 98,332 shares of the real estate investment trust’s stock worth $901,000 after buying an additional 98,165 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Gladstone Land by 141.1% during the first quarter. Jane Street Group LLC now owns 108,843 shares of the real estate investment trust’s stock worth $1,145,000 after buying an additional 63,702 shares in the last quarter. 53.60% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth LAND has been the subject of a number of research reports. Zacks Research downgraded Gladstone Land from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings upgraded Gladstone Land from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Gladstone Land has a consensus rating of “Hold” and an average price target of $10.00.
Get Our Latest Analysis on Gladstone Land
Gladstone Land Stock Performance Shares of NASDAQ LAND opened at $10.32 on Friday. The stock has a 50 day moving average price of $11.12 and a 200 day moving average price of $9.91. Gladstone Land Corporation has a 52 week low of $8.47 and a 52 week high of $13.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $430.39 million, a PE ratio of -85.99 and a beta of 1.23.
Gladstone Land (NASDAQ:LAND – Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.35). Gladstone Land had a net margin of 15.31% and a return on equity of 2.01%. The company had revenue of $41.45 million for the quarter, compared to analyst estimates of $32.07 million. Analysts predict that Gladstone Land Corporation will post 0.52 earnings per share for the current fiscal year.
Gladstone Land Announces Dividend The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were given a $0.0467 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, March 23rd. Gladstone Land’s dividend payout ratio (DPR) is presently -466.67%.
Gladstone Land Company Profile (Free Report)
Gladstone Land Corporation (NASDAQ: LAND) is a publicly traded real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland in the United States. Established in 2013 and headquartered in Wayne, Pennsylvania, the company focuses on purchasing high-quality agricultural properties and leasing them to farmers under long‐term, triple‐net lease agreements. This model provides tenants with operational flexibility while generating stable, recurring rental income for investors.
The company’s portfolio spans several key agricultural regions across the country, including California, the Midwest, and parts of the Southeast.
Featured Articles Five stocks we like better than Gladstone Land Want to see what other hedge funds are holding LAND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gladstone Land Corporation (NASDAQ:LAND – Free Report).
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Gladstone Land (NASDAQ:LAND – Get Free Report) and Postal Realty Trust (NYSE:PSTL – Get Free Report) are both small-cap finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, valuation, profitability, risk, dividends and earnings.
Profitability This table compares Gladstone Land and Postal Realty Trust’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Gladstone Land 15.31% 2.01% 1.08% Postal Realty Trust 14.77% 4.20% 1.99% Valuation and Earnings This table compares Gladstone Land and Postal Realty Trust”s top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Gladstone Land $88.34 million 4.87 $13.53 million ($0.12) -85.50 Postal Realty Trust $95.82 million 6.09 $14.15 million $0.46 46.18 Postal Realty Trust has higher revenue and earnings than Gladstone Land. Gladstone Land is trading at a lower price-to-earnings ratio than Postal Realty Trust, indicating that it is currently the more affordable of the two stocks.
Risk and Volatility Gladstone Land has a beta of 1.23, suggesting that its share price is 23% more volatile than the S&P 500. Comparatively, Postal Realty Trust has a beta of 0.74, suggesting that its share price is 26% less volatile than the S&P 500.
Analyst Ratings This is a breakdown of recent ratings and recommmendations for Gladstone Land and Postal Realty Trust, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Gladstone Land 0 3 1 0 2.25 Postal Realty Trust 0 2 5 0 2.71 Gladstone Land presently has a consensus target price of $10.00, suggesting a potential downside of 2.53%. Postal Realty Trust has a consensus target price of $20.95, suggesting a potential downside of 1.37%. Given Postal Realty Trust’s stronger consensus rating and higher possible upside, analysts clearly believe Postal Realty Trust is more favorable than Gladstone Land.
Institutional & Insider Ownership 53.6% of Gladstone Land shares are owned by institutional investors. Comparatively, 57.9% of Postal Realty Trust shares are owned by institutional investors. 6.1% of Gladstone Land shares are owned by insiders. Comparatively, 12.5% of Postal Realty Trust shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Dividends Gladstone Land pays an annual dividend of $0.56 per share and has a dividend yield of 5.5%. Postal Realty Trust pays an annual dividend of $0.98 per share and has a dividend yield of 4.6%. Gladstone Land pays out -466.7% of its earnings in the form of a dividend. Postal Realty Trust pays out 213.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Gladstone Land has increased its dividend for 2 consecutive years and Postal Realty Trust has increased its dividend for 3 consecutive years. Gladstone Land is clearly the better dividend stock, given its higher yield and lower payout ratio.
Summary Postal Realty Trust beats Gladstone Land on 13 of the 17 factors compared between the two stocks.
About Gladstone Land (Get Free Report)
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion. Gladstone Land’s farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 20-plus years and harvested annually. Approximately 40% of the Company’s fresh produce acreage is either organic or in transition to become organic, and over 10% of its permanent crop acreage falls into this category. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has paid 129 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 32 times over the prior 35 quarters, and the current per-share distribution on its common stock is $0.0464 per month, or $0.5568 per year.
About Postal Realty Trust (Get Free Report)
Postal Realty Trust, Inc. (NYSE: PSTL) is an internally managed real estate investment trust that owns properties primarily leased to the United States Postal Service ("USPS"). PSTL is focused on acquiring the network of USPS properties, which provide a critical element of the nation's logistics infrastructure that facilitates cost effective and efficient last-mile delivery solutions. As of December 31, 2023, PSTL owned 1,509 properties (including two properties accounted for as financing leases) located in 49 states and one territory comprising approximately 5.9 million net leasable interior square feet. Subsequent to quarter-end and through February 23, 2024, PSTL closed on eight additional properties comprising approximately 33,000 net leasable interior square feet.
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Gladstone Land's common shares have likely fully discounted higher rates and are poised to benefit from long-term farmland demand and potential soft commodity rebounds. The preferreds, yielding around 7.2%, remain attractive but are less compelling than at peak spreads; management's capital allocation has supported preferred performance. We expect common shares to outperform as the company halts below-NAV issuance and as farmland fundamentals improve.
By webcast -- Log on to the web at the address above
By phone -- Please call (877) 407-9046
Contact:
Gladstone Land Corporation, (703) 287-5893
A conference call replay will be available after the call and will be accessible through May 19, 2026. To hear the replay, please dial (877) 660-6853 and use playback conference number 13759087.
If you are unable to participate during the live webcast, the call will be archived and available for replay on the Company's website, www.GladstoneLand.com.
Gladstone Land Corporation is a real estate investment trust that specializes in purchasing farms and farm-related properties and leasing them to farmers. Additional information can be found at www.gladstoneland.com.
For further information: Gladstone Land Corporation, (703) 287-5893
Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision.
MCLEAN, VA / ACCESS Newswire / May 11, 2026 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") today reported financial results for the first quarter ended March 31, 2026. A description of funds from operations ("FFO"), core FFO ("CFFO"), and adjusted FFO ("AFFO"), all non-GAAP (generally accepted accounting principles in the United States) financial measures, appear at the end of this press release. All per-share references are to fully-diluted, weighted-average shares of common stock, unless noted otherwise. For further detail, please refer to the Quarterly Report on Form 10-Q (the "Form 10-Q"), which is available on the Investors section of the Company's website at www.GladstoneLand.com.
First Quarter 2026 Activity:
Timing Shift in Earnings Recognition: For the 2026 crop year, three of our farms remain under modified lease agreements that include reduced or eliminated fixed base rent and, in some cases, provide cash lease incentives to tenants in exchange for significantly higher participation rent components. We also continue to operate two properties (consisting of four farms) under management agreements with third-party operators. Collectively, these properties are referred to as our "Repositioned Farms," reflecting a temporary shift toward greater participation-based revenues. These arrangements result in a shift in the timing of revenue recognition and increase our reliance on participation rents, which are generally recognized once crop results are known, typically in the fourth quarter. Consequently, consistent with 2025, a substantial majority of our 2026 revenue and earnings is expected to be recognized in the fourth quarter.
Portfolio Activity:
Participation Rents: Recorded approximately $4.9 million of participation rent revenue, compared to approximately $465,000 in the prior-year quarter, primarily due to a partial early bonus payment received from one of our processors related to the 2025 pistachio crop (the "Early 2025 Pistachio Bonus Payment") on certain of our Repositioned Farms. Typically, this bonus payment would be received in late 2026 or early 2027; however, a portion was received early, with the remaining portion still expected to be paid on the normal schedule.
Crop Sales: Recorded net income from crop sales on direct-operated farms of approximately $1.9 million, primarily driven by the Early 2025 Pistachio Bonus Payment.
Debt Activity:
Redemption of Series D Term Preferred Stock: Redeemed all outstanding shares of our 5.00% Series D Cumulative Term Preferred Stock (the "Series D Term Preferred Stock") for approximately $60.6 million, including accrued dividends.
Interest Patronage: Recorded approximately $1.4 million of interest patronage, or refunded interest, related to our 2025 borrowings from various Farm Credit associations. Total 2025 interest patronage resulted in a 21.0% reduction (approximately 95 basis points) to the interest rate on such borrowings.
Equity Activity:
Common Stock- ATM Program: Sold 3,744,263 shares of our common stock for net proceeds of approximately $36.7 million under our "at-the-market" sales program (the "ATM Program").
Repurchase Program: Repurchased a total of 123,897 shares of our 6.00% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") and our 6.00% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") at an average repurchase price of $19.92 per share for a total gain on repurchase of approximately $325,000.
Paid Distributions: Paid monthly cash distributions totaling $0.1401 per share of common stock during the quarter ended March 31, 2026.
First Quarter 2026 Results:
Net loss for the quarter was approximately $4.3 million, compared to net income of approximately $15.1 million in the prior-year quarter. Net loss attributable to common stockholders during the quarter was approximately $10.0 million, or $0.24 per share, compared to net income attributable to common stockholders of approximately $9.1 million, or $0.25 per share, in the prior-year quarter. AFFO for the quarter was approximately $3.1 million, or $0.08 per share, compared to approximately $2.0 million, or $0.06 per share, in the prior-year quarter. Common stock dividends declared were approximately $0.14 per share for both periods.
Total cash lease revenues decreased by approximately $351,000, primarily due to a $2.4 million reduction in fixed base cash rents resulting from lost revenues associated with farms sold over the past year and farms that were either placed on non-accrual status, transitioned to direct operations, or remain vacant, as well as a termination fee of approximately $2.4 million recorded during the prior-year period. These decreases were largely offset by an increase in participation rent of approximately $4.4 million, primarily attributable to receipt of the Early 2025 Pistachio Bonus Payment.
In connection with our direct farming operations, during the current quarter, we recorded approximately $1.9 million of net income from crop sales, primarily attributable to the Early 2025 Pistachio Bonus Payment. The related growing costs for the 2025 crop were previously recognized during the three months ended December 31, 2025. We expect to recognize additional revenue from the 2025 pistachio harvest as remaining marketing bonus payments are settled later in 2026.
Aggregate related-party fees decreased by approximately $35,000 during the current quarter, primarily due to a lower base management fee as a result of property sales over the past year. Excluding related-party fees, recurring cash operating expenses increased by approximately $786,000, driven by higher property operating expenses, including additional costs incurred to provide supplemental water to one of our properties in accordance with its lease, as well as higher legal expenses related to protecting water rights on certain farms in California. General and administrative expenses increased by approximately $101,000 due to higher professional fees. Interest expense also declined as a result of debt repayments made over the past year, as well as the redemption of our Series D Term Preferred Stock on January 30, 2026.
Cash flows from operations for the current quarter increased by approximately $4.8 million compared to the prior-year quarter, primarily due to higher cash receipts from participation rents and crop sales, partially offset by the receipt of a termination fee in the prior-year period, as noted above.
Subsequent to March 31, 2026:
Debt Activity-New Farm Credit Facility: Entered into a new revolving line of credit with Farm Credit of Central Florida, ACA, that provides for borrowings of up to $37.0 million (the "Farm Credit Facility"). The Farm Credit Facility matures on April 1, 2030, and borrowings thereunder bear interest at a variable rate equal to the prime rate less 0.50%, prior to the effect of any interest patronage.
Equity Activity:
Registration Statement: Filed a new registration statement (which the SEC declared effective on April 23, 2026), permitting us to issue up to an aggregate of $1.0 billion of securities over the next three years.
Common Stock- ATM Program: Sold 1,377,392 shares of our common stock for net proceeds of approximately $14.1 million.
Repurchase Program: Repurchased a total of 171,283 shares of our Series B Preferred Stock and Series C Preferred Stock at an average repurchase price of $20.53 per share for a total gain on repurchase of approximately $346,000.
Second Quarter Distributions: Declared monthly cash distributions of $0.0467 per share of common stock for each of April, May, and June (totaling $0.1401 per share of common stock for the quarter).
Comments from David Gladstone, President and CEO of Gladstone Land: "We had a successful 2025 harvest on the farms where we oversee the growing operations, although the full financial impact has not yet been reflected in our results, as a significant portion of the revenue from the 2025 pistachio harvest is expected to be recognized later in 2026 following the completion of the marketing period. Market trends for pistachios and almonds, our two primary nut crop exposures on our Repositioned Farms, remain favorable, with strong demand and stable-to-improved year-over-year pricing for both crops. We view the recent lease modifications as temporary and continue to target a return to more traditional lease structures that include fixed base rents. In the meantime, we remain focused on enhancing the long-term viability of our farms by pursuing opportunities to acquire additional water resources at below-market prices, further strengthening water security for our farms and growers. Our balance sheet remains in excellent condition, with nearly 100% of our outstanding debt at fixed interest rates. We also continue to maintain strong liquidity, including over $145 million in immediately available capital and more than $110 million in unencumbered properties that could be pledged as additional collateral, if needed."
Quarterly Summary Information
(Dollars in thousands, except per-share amounts)
For and As of the Quarters Ended
Change
Change
3/31/2026
3/31/2025
($ / #)
(%)
Operating Data:
Total operating revenues
$
16,552
$
16,804
$
(252
)
(1.5
)%
Total operating expenses
(16,601
)
(13,127
)
(3,474
)
26.5
%
Other (expense) income, net
(4,256
)
11,431
(15,687
)
(137.2
)%
Net (loss) income
$
(4,305
)
$
15,108
$
(19,413
)
(128.5
)%
Less: Aggregate dividends declared on and gains on or charges related to extinguishment of cumulative redeemable preferred stock, net(1)
(5,680
)
(6,002
)
322
(5.4
)%
Net (loss) income attributable to common stockholders
(9,985
)
9,106
(19,091
)
(209.7
)%
Plus: Real estate and intangible depreciation and amortization
10,370
8,429
1,941
23.0
%
Plus (less): Losses (gains) on dispositions of real estate assets, net
459
(15,410
)
15,869
(103.0
)%
Plus: Impairment charges
884
-
884
-
%
Adjustments for unconsolidated entities(2)
59
14
45
321.4
%
FFO available to common stockholders
1,787
2,139
(352
)
(16.5
)%
Plus: Acquisition- and disposition-related expenses, net
30
21
9
42.9
%
Plus: Other nonrecurring charges, net(3)
126
173
(47
)
(27.2
)%
CFFO available to common stockholders
1,943
2,333
(390
)
(16.7
)%
Net adjustment for normalized cash rents(4)
1,196
(792
)
1,988
(251.0
)%
Plus: Amortization of debt issuance costs
149
365
(216
)
(59.2
)%
(Less) plus: Other non-cash (receipts) charges, net(5)
(184
)
129
(313
)
(242.6
)%
AFFO available to common stockholders
$
3,104
$
2,035
$
1,069
52.5
%
Share and Per-Share Data:
Weighted-average shares of common stock outstanding, fully diluted
40,856,330
36,184,658
4,671,672
12.9
%
Diluted net (loss) income per weighted-average common share
$
(0.244
)
$
0.252
$
(0.496
)
(197.1
)%
Diluted FFO per weighted-average common share
$
0.044
$
0.059
$
(0.015
)
(26.0
)%
Diluted CFFO per weighted-average common share
$
0.048
$
0.064
$
(0.017
)
(26.2
)%
Diluted AFFO per weighted-average common share
$
0.076
$
0.056
$
0.020
35.1
%
Cash distributions declared per common share
$
0.140
$
0.140
$
0.000
-
%
Balance Sheet Data:
Net investments in real estate and related assets, at cost(6)
$
1,143,781
$
1,204,803
$
(61,022
)
(5.1
)%
Total assets
$
1,203,712
$
1,281,736
$
(78,024
)
(6.1
)%
Total indebtedness(7)
$
486,030
$
561,339
$
(75,309
)
(13.4
)%
Total equity
$
688,325
$
698,878
$
(10,553
)
(1.5
)%
Total common shares outstanding (fully diluted)
41,759,181
36,184,658
5,574,523
15.4
%
Other Data:
Cash flows from operations
$
9,295
$
4,467
$
4,828
108.1
%
Farms owned
144
150
(6
)
(4.0
)%
Acres owned
98,688
103,001
(4,313
)
(4.2
)%
Occupancy rate(8)
94.9
%
95.9
%
(1.0
)%
(1.0
)%
Acre-feet of water assets owned
55,649
55,350
299
0.5
%
(1) Includes cash dividends paid on our cumulative redeemable preferred stock and the net gain (loss) recognized as a result of shares of cumulative redeemable preferred stock that were redeemed.
(2) Represents our pro-rata share of depreciation expense recorded in unconsolidated entities.
(3) Consists primarily of (i) net property and casualty losses (recoveries) recorded and the cost of related repairs expensed as a result of damage to improvements on certain of our farms caused by certain non-recurring events, (ii) one-time legal costs incurred related to certain corporate organizational matters, (iii) costs incurred during the three months ended March 31, 2026, related to the redemption of our Series D Term Preferred Stock, and (iv) for 2025 only, the capital gains fee recorded during the three months ended March 31, 2025.
(4) This adjustment removes the effects of straight-lining rental income, as well as the amortization related to above-market lease values and certain non-cash lease incentives and accretion related to below-market lease values, deferred revenue, and tenant improvements, resulting in rental income reflected on a modified accrual cash basis. The effect to AFFO is that cash rents received pertaining to a lease year are normalized over that respective lease year on a straight-line basis, resulting in cash rent being recognized ratably over the period in which the cash rent is earned.
(5) Consists of (i) the net (gain) loss recognized as a result of shares of cumulative redeemable preferred stock that were redeemed, which were non-cash (gains) charges, (ii) our remaining pro-rata share of (income) loss recorded from investments in unconsolidated entities, and (iii) (less) plus net non-cash (income) expense recorded as a result of additional water assets (received) used in certain transactions.
(6) Consists of the initial acquisition price (including the costs allocated to both tangible and intangible assets acquired and liabilities assumed), plus subsequent improvements and other capitalized costs associated with the properties, and adjusted for accumulated depreciation and amortization and impairment charges, if any.
(7) Consists of the principal balances outstanding on all indebtedness, including our lines of credit, notes and bonds payable, and, as of March 31, 2025, only, our Series D Term Preferred Stock, which was redeemed in full on January 30, 2026.
(8) Based on farmable acreage; includes direct-operated farms.
Conference Call for Stockholders: The Company will hold a conference call on Tuesday, May 12, 2026, at 8:30 a.m. (Eastern Time) to discuss its earnings results. Please call (877) 407-9046 to join the conference call. An operator will monitor the call and set a queue for any questions. A conference call replay will be available after the call and will be accessible through May 19, 2026. To hear the replay, please dial (877) 660-6853, and use playback conference number 13759087. The live audio broadcast of the Company's conference call will also be available online on the Investors section of the Company's website, www.GladstoneLand.com.
About Gladstone Land Corporation:
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that owns farmland and farm-related properties located in major agricultural markets in the U.S. The Company currently owns 144 farms, comprised of approximately 99,000 acres in 14 different states and nearly 56,000 acre-feet (or over 18.1 billion gallons) of water assets in California. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, blueberries, figs, olives, pistachios, and wine grapes, which are generally planted every 20-plus years and harvested annually. Gladstone Land pays monthly distributions to its stockholders and has paid 159 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The current per-share distribution on its common stock is $0.0467 per month, or $0.5604 per year. Additional information, including detailed information about each of the Company's farms, can be found at www.GladstoneLand.com.
Owners or brokers who have farmland for sale in the U.S. or those looking to buy farms should contact:
Midwestern U.S. and Mid-Atlantic U.S. - Joey Van Wingerden at (703) 287-5914 or [email protected]; or
Southeastern U.S. - Brett Smith at (904) 687-5284 or [email protected].
Lenders who are interested in providing us with long-term financing on farmland should contact Jay Beckhorn at (703) 587-5823 or [email protected].
For stockholder information on Gladstone Land, call (703) 287-5893. For Investor Relations inquiries related to any of the monthly dividend-paying Gladstone funds, please visit www.GladstoneCompanies.com.
Non-GAAP Financial Measures:
FFO: The National Association of Real Estate Investment Trusts ("NAREIT") developed FFO as a relative non-GAAP supplemental measure of operating performance of an equity REIT in order to recognize that income-producing real estate historically has not depreciated on the basis determined under GAAP. FFO, as defined by NAREIT, is net income (computed in accordance with GAAP), excluding gains (or losses) from sales of property and impairment losses on property, plus depreciation and amortization of real estate assets, and after adjustments for unconsolidated partnerships and joint ventures. The Company believes that FFO per share provides investors with an additional context for evaluating its financial performance and as a supplemental measure to compare it to other REITs; however, comparisons of its FFO to the FFO of other REITs may not necessarily be meaningful due to potential differences in the application of the NAREIT definition used by such other REITs.
CFFO: CFFO is FFO, adjusted for items that are not indicative of the results provided by the Company's operating portfolio and affect the comparability of the Company's period-over-period performance. These items include certain non-recurring items, such as acquisition- and disposition-related expenses, the net incremental impact of operations conducted through our taxable REIT subsidiary, income tax provisions, and property and casualty losses or recoveries. Although the Company's calculation of CFFO differs from NAREIT's definition of FFO and may not be comparable to that of other REITs, the Company believes it is a meaningful supplemental measure of its sustainable operating performance. Accordingly, CFFO should be considered a supplement to net income computed in accordance with GAAP as a measure of our performance. For a full explanation of the adjustments made to arrive at CFFO, please read the Form 10-Q, filed today with the SEC.
AFFO: AFFO is CFFO, adjusted for certain non-cash items, such as the straight-lining of rents and amortizations into or against rental income (resulting in cash rent being recognized ratably over the period in which the cash rent is earned). Although the Company's calculation of AFFO differs from NAREIT's definition of FFO and may not be comparable to that of other REITs, the Company believes it is a meaningful supplemental measure of its sustainable operating performance on a cash basis. Accordingly, AFFO should be considered a supplement to net income computed in accordance with GAAP as a measure of our performance. For a full explanation of the adjustments made to arrive at AFFO, please read the Form 10-Q, filed today with the SEC.
A reconciliation of FFO (as defined by NAREIT), CFFO, and AFFO (each as defined above) to net income (loss), which the Company believes is the most directly-comparable GAAP measure for each, and a computation of fully-diluted net income (loss), FFO, CFFO, and AFFO per weighted-average share is set forth in the Quarterly Summary Information table above. The Company's presentation of FFO, CFFO, or AFFO, does not represent cash flows from operating activities determined in accordance with GAAP and should not be considered an alternative to net income as an indication of its performance or to cash flow from operations as a measure of liquidity or ability to make distributions.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS:
Certain statements in this press release, including, but not limited to, the Company's ability to maintain or grow its portfolio and FFO, expected increases in capitalization rates, benefits from increases in farmland values, increases in operating revenues, and the increase in NAV per share, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on the Company's current plans that are believed to be reasonable as of the date of this press release. Factors that may cause actual results to differ materially from these forward-looking statements include, but are not limited to, the Company's ability to procure financing for investments, downturns in the current economic environment, the performance of its tenants, the impact of competition on its efforts to renew existing leases or re-lease real property, and significant changes in interest rates. Additional factors that could cause actual results to differ materially from those stated or implied by its forward-looking statements are disclosed under the caption "Risk Factors" within the Company's Form 10-K for the fiscal year ended December 31, 2025, as amended, as filed with the SEC on April 7, 2026, and certain other documents filed with the SEC from time to time. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Gladstone Land (LAND - Free Report) came out with quarterly funds from operations (FFO) of $0.08 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to FFO of $0.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of +660.00%. A quarter ago, it was expected that this real estate investment trust specializing in farmland would post FFO of $0.3 per share when it actually produced FFO of $0.38, delivering a surprise of +26.67%.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
Gladstone, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $16.55 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 16.56%. This compares to year-ago revenues of $16.8 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Gladstone shares have added about 6.3% since the beginning of the year versus the S&P 500's gain of 8.1%.
What's Next for Gladstone?While Gladstone has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Gladstone was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.03 on $18.13 million in revenues for the coming quarter and $0.43 on $98.75 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Clipper Realty Inc. (CLPR - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 14.
This company is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of -52.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Clipper Realty Inc.'s revenues are expected to be $39.6 million, up 0.5% from the year-ago quarter.
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Gladstone Land is navigating severe agricultural headwinds by restructuring leases and recapitalizing its balance sheet. LAND's shift from fixed-base rents to participation-based leases increases earnings volatility but supports tenant viability amid industry stress. A $500 million share issuance and ongoing asset sales are focused on deleveraging and capital preservation, with acquisitions paused.
Two weeks ago, I said that one of my favorite stocks right now is Pfizer (PFE).
The pharmaceutical giant is in the middle of a transformational period with the goal to return to growth by 2029. It’s navigating through a patent cliff for its blood thinner drug Eliquis and the drop-off of COVID-related revenues.
Pfizer is focused on building a pipeline of new drugs that will offset these lost revenues. It’s also shoring up the balance sheet through cost savings. That included keeping its dividend flat over the last year, which was the right decision.
This leads to reader John who asked me to comment on PFE’s dividend payout ratio.
The company kicked off 2026 with a strong earnings quarter that exceeded expectations. Diluted EPS was $0.47 and adjusted diluted EPS was $0.75. The discrepancy here is the amortization of acquired intangibles and acquisition costs from the Seagen and Metsera deals.
PFE’s quarterly dividend payment is $0.43. That makes its payout ratio 91% or 57% depending on which figure you use. Management’s long-term goal is a payout ratio of 60% of adjusted diluted EPS, which is on par with the current payout.
This is why keeping the dividend flat was so important. It was an action that really supported what management said—keep the payout ratio at the goal to support efforts to shore up the balance sheet by controlling costs.
I think we’ll be able to collect this dividend for many years to come, and I’m happy with the progress of PFE’s planned transitional period.
How About Tax-Free, High-Yield ETFs? Earlier this month, I mentioned looking at high-yield bond ETFs. I generally don’t look at ETFs because I like picking my own stocks.
But bonds can get tricky and have higher par values, so buying a basket of bonds can be a lot easier. I was focused on high-yield corporate bonds or junk bonds. The question I got was about tax-free options.
The tax-free requirement limits our search to municipal bonds. Adding high-yield means looking for those that are lower-rated. There are some funds out there with yields between 4.5% and 6% that fit the bill.
Keep in mind that tax-free applies at the federal level. You may still have to pay state tax. And some funds could expose you to the alternative minimum tax depending on your individual situation.
You should always consult your tax professional before assuming an invest is 100% tax-free.
Personally, I don’t go for muni bonds because I don’t want to loan money to government agencies at any level. I am happy with the junk bond funds I found with higher yields of 6.5-7.1%.
If you want tax-free, you’re looking for muni funds. Be sure to check that the top holdings meet the fund’s stated objective.
While we’re talking about investments I personally don’t care for, I was also asked for my thoughts on AGNC Investment (AGNC) and Annaly Capital Management (NLY).
AGNC and NLY are mortgage REITs, or mREITs. They don’t own physical real estate, and instead own portfolios of agency mortgage-backed securities. This makes it an interest rate spread investment and not a real estate investment, which just isn’t my cup of tea.
Two Stocks I’ll Keep Watching Different stocks appeal to different investors. We won’t agree on every stock, and that’s one reason why I like to keep the conversation going. Another reason is that sometimes you bring stocks to my attention that I would otherwise skip over.
One of those is Gladstone Land (LAND), a REIT focused on farmland. It currently pays $0.0467 monthly for a current yield of 5.8%. The company has historically owned farmland which it then leased to farm operators, but it’s hit quite a few headwinds recently.
What’s really interesting here is how it has restructured its lease deals. It’s been moving away from fixed rent and more heavily toward revenue sharing from crop production. As an investor, I don’t like the increased uncertainty that comes with a variable rent structure, but it just might work.
For the first quarter, fixed base rents declined $2.4 million but was offset by a $4.4 million increase in participation rents (the new crop share arrangements). Overall, AFFO rose 33% year over year.
LAND is also pivoting to alternative revenue streams for its wholly or partially vacant farms. These include solar energy and water rights leases.
There are some red flags. One method LAND uses to deleverage the balance sheet is to issue more common shares. A little digging showed that the company has a history of diluting shares when the stock is already beaten down. And being in a transitional period, we can’t expect a dividend increase any time soon.
But even though I’m not convinced right now, I’m definitely adding LAND to my watchlist.
Another interesting fund is Virtus InfraCap U.S. Preferred Stock ETF (PFFA). The fund’s objective is to seek income through a portfolio of preferred securities issued by US companies with market caps over $100 million. It currently pays $0.1725 monthly for a current yield of 9.75%.
Being a fund, you know I’m going to look at its top holdings and expense ratio. PFFA’s top holdings include Oracle Corp. Flagstone Bank, Energy Transfer, and Global Net Lease Inc. I recognized all the companies and appreciated that the top holdings covered many different sectors.
The expense ratio is also a red flag at 2.11%. My target expense ratio for a fund is closer to 1%. s
I generally consider owning preferred stocks as a more boring, long-term strategy, but PFFA is clearly actively managed. It could be worth the trade-off to collect such a high yield. PFFA warrants a spot on my watchlist.
MCLEAN, VA / ACCESS Newswire / June 2, 2026 / Gladstone Land Corporation (NASDAQ:LAND) (the "Company") announced that George "Chip" Stelljes, III has been elected to the 2028 class of directors for the Company, effective June 1, 2026. Mr. Stelljes has also been appointed to serve on the Company's Compensation Committee, Ethics, Nominating & Corporate Governance Committee and Valuation Committee. In connection with Mr. Stelljes' appointment, the size of the Company's board of directors has been expanded from seven to eight directors. Mr. Stelljes was selected to serve as a director due to his more than twenty-five years of experience in the investment analysis, management, and advisory industries.
"We are excited to strengthen our board with the appointment of Chip Stelljes," said David Gladstone, CEO of the Company and Chairman of its board of directors. "His prior service with the Gladstone companies and his deep experience in private equity fund investment will be a valuable asset to the Company as we continue to grow."
Mr. Stelljes is currently the managing partner of St. John's Capital, LLC, a vehicle used to make private equity investments. From 2001 to 2013, Mr. Stelljes held various senior positions with the Gladstone Companies, including serving as the chief investment officer, president and a director of Gladstone Capital Corporation, Gladstone Investment Corporation, Gladstone Commercial Corporation, and Gladstone Management Corporation. Prior to his service at the Gladstone companies, for 23 years, Mr. Stelljes served in a variety of roles at multiple private equity and venture capital funds, including Patriot Capital, Camden Partners, and Columbia Capital as well as Allied Capital.
Mr. Stelljes is currently the chairman of the board of directors of Equalize Community Development Fund, a closed-end investment company that operates as an interval fund and an independent director of Oxford Square Capital Corporation, a publicly-traded, closed-end management investment company. He is also a former board member and regional president of the National Association of Small Business Investment Companies. Mr. Stelljes holds an MBA from the University of Virginia and a BA in Economics from Vanderbilt University
About Gladstone Land Corporation:
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that owns farmland and farm-related properties located in major agricultural markets in the U.S. The Company currently owns 144 farms, comprised of approximately 99,000 acres in 14 different states and nearly 56,000 acre-feet (or over 18.1 billion gallons) of water assets in California. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, blueberries, figs, olives, pistachios, and wine grapes, which are generally planted every 20-plus years and harvested annually. Gladstone Land pays monthly distributions to its stockholders and has paid 159 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The current per-share distribution on its common stock is $0.0467 per month, or $0.5604 per year. Additional information, including detailed information about each of the Company's farms, can be found at www.GladstoneLand.com.
Owners or brokers who have farmland for sale in the U.S. or those looking to buy farms should contact:
Midwestern U.S. and Mid-Atlantic U.S. - Joey Van Wingerden at (703) 287-5914 or [email protected]; or
Southeastern U.S. - Brett Smith at (904) 687-5284 or [email protected].
Lenders who are interested in providing us with long-term financing on farmland should contact Jay Beckhorn at (703) 587-5823 or [email protected].
For stockholder information on Gladstone Land, call (703) 287-5893. For Investor Relations inquiries related to any of the monthly dividend-paying Gladstone funds, please visit www.GladstoneCompanies.com.
About the Gladstone Companies:
Information on the business activities of all the Gladstone family of funds can be found at www.gladstonecompanies.com.
CONTACT: For further information: Gladstone Land Corporation, (703) 287-5893
The UK's benchmark FTSE 100 index fell to its lowest level in more than two weeks on Thursday, weighed down by sharp declines in Asia-focused lenders and miners after reports of tighter offshore banking restrictions in China.
Lower crude oil prices also dragged energy stocks lower, adding to the market's weakness.
By 1144 GMT, the blue-chip FTSE 100 index had fallen 0.5% to 10,281.65 points, marking its lowest level since mid-May.
The mid-cap FTSE 250 index was also lower, edging down 0.1%.
Shares of lenders with significant exposure to Asia came under pressure following a media report that mainland Chinese residents were facing increased restrictions when attempting to open offshore accounts at major Hong Kong banks.
HSBC fell 4.8%, while Standard Chartered declined 6.4%, making them among the biggest fallers on the FTSE 100.
The weakness extended beyond the banking sector. Asia-focused insurer Prudential dropped 6.7% and was on track for its largest single-day decline since February.
The report raised concerns about potential impacts on financial activity linked to Chinese customers, prompting investors to reduce exposure to companies heavily reliant on Asian markets.
Industrial metal miners also weighed on the London market as base metal prices initially moved lower.
Shares of Antofagasta and Rio Tinto each declined about 3%, reflecting investor concerns over demand prospects and broader sentiment toward commodity-linked stocks.
The mining sector's losses added further downward pressure on the FTSE 100, contributing to the benchmark index's slide to a multi-week low.
Advertising group S4 Capital was among the sharpest individual stock movers, falling 8.7%.
The decline followed comments from Chairman Martin Sorrell, who said progress in improving revenue growth and margins had been insufficient.
According to Sorrell, the industry continues to face a marketing downturn driven by global macroeconomic uncertainty.
His remarks highlighted ongoing challenges for the advertising sector as businesses remain cautious about spending amid an uncertain economic backdrop.
In contrast to the broader market weakness, CMC Markets rose 15.8%.
The trading platform gained after forecasting annual profit ahead of market expectations, providing a boost to investor sentiment and making it one of the strongest performers of the session.
Energy stocks also came under pressure after crude oil prices fell by more than 3%.
The decline in oil prices followed news that Israel and Lebanon had agreed to implement a new ceasefire after US-mediated talks, according to the Trump administration.
The development raised hopes for progress toward ending the broader US-Israeli conflict with Iran.
As oil prices moved lower, shares of UK energy majors Shell and BP each fell more than 1%.
Economic data released during the session added to concerns about the UK outlook.
Activity in Britain's construction sector slowed at its sharpest pace in six years during the previous month.
The slowdown was attributed to economic uncertainty and rising inflation linked to the Iran conflict, which contributed to a significant decline in new work across the sector.
The data underscored the challenges facing parts of the British economy, adding another layer of caution for investors already navigating global geopolitical and economic uncertainties.
Many income-oriented investors prefer stocks that pay monthly dividends rather than quarterly dividends. You pay your bills monthly. Why not have a monthly cash flow as well to even out your finances?
Two of the best monthly dividend payers are Gladstone Land (LAND 1.21%) and Realty Income (O 0.32%). Both are real estate investment trusts (REITs), an asset class known for paying above-average dividends. Tax law requires REITs to pay at least 90% of their net income in dividends.
An added bonus of the two real estate companies is their stability, especially in times of economic uncertainty. Realty Income performs well in downturns because many of its tenants are retailers focused on basic needs, such as 7-Eleven and Dollar General stores, as well as CVS and Walgreens pharmacies. Gladstone is inherently stable because its tenants grow the crops you eat, a need that is growing as the world population increases.
Here are the best reasons to buy each stock.
Image source: Getty Images.
Gladstone Land: Farmland is a great inflation hedge Gladstone Land owns and leases farmland, which has historically been a reliable hedge against inflation. The supply of arable land is steadily decreasing, thanks to urban expansion, while global food demand continues to rise. Gladstone specializes in leasing acreage for fresh produce, such as fruits, vegetables, and nuts, rather than commodity crops like corn or soy. The demand for fresh groceries remains high, and Gladstone is sheltered from global commodity price shocks.
More than half of Gladstone's parcels are in California, where irrigated cropland has increased in value by 260% over the past 25 years. It has properties in 14 states, which gives it diversification in case of drought or other weather factors.
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Gladstone pays out a dividend that yields around 6% annually at its current share price, and that dividend is delivered monthly. Gladstone has increased its dividend for 11 consecutive years, and raised it 35 times over the past 45 quarters, for a total increase of 55.7%. One concern, albeit a temporary one, is that its adjusted funds from operations (AFFO) payout ratio in the first quarter was 184.2%. Some of its clients, feeling a credit pinch, have switched to cash-based accounting, meaning their payments won't come until the fourth quarter.
In Q1, the company reported adjusted funds from operations of $0.076 per share, up 35.1% year over year. Revenue fell 1.5% over the same period last year, to $16.5 million. Gladstone's occupancy levels are consistently high, at 94.9% in fiscal 2026's Q1. The company has strengthened its finances and reduced its total debt by 13.4% year over year in Q1.
Realty Income's strong balance sheet Realty Income is one of only a handful of U.S. REITs to command a premier A-/A3 investment-grade credit rating. This high rating is a competitive advantage, giving it access to cheap capital even in restrictive credit environments.
Realty Income recently formed a strategic partnership with Apollo Global Management, securing a $1 billion investment backed by institutional private capital. This deep pool of liquidity allows the company to aggressively fund its massive pipeline -- recently raising its full-year 2026 investment guidance to $9.5 billion.
In Q1, Realty Income reported AFFO per share of $1.13, up 6.6% year over year. Revenue was $1.55 billion, up 12% over the same period a year ago.
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Realty Income provides a monthly dividend, with a current yield of around 5.3%. It has also increased its dividend for 114 consecutive quarters and for 31 consecutive years. Its dividends are also well-covered, with a 71.7% AFFO payout ratio.
The company owns 15,500 properties located in all 50 U.S. states, the United Kingdom, and eight other European countries, and 98.9% of those properties were occupied as of the end of Q1.
That diversity, spread across multiple tenants, industries, and geographies, insulates the company against downturns. When older leases expired during the quarter, Realty Income re-leased those spaces at a 103.4% rent recapture rate, demonstrating strong pricing power and the structural health of its underlying real estate.
A relatively easy choice Gladstone has a more enticing dividend yield, but it currently isn't as well-covered as Realty Income's. While both stocks have low volatility, over the past five years, Realty Income's monthly beta is only 0.76, compared to 1.07 for Gladstone.
Realty Income also has a longer track record of dividend increases. Combined with lower volatility, it is the clear winner of the two.
Technology stocks have been and remain the market's top performers, and are likely to continue leading it in the future.
Not all tech stocks offer the same potential upside though. While most of the ones you're familiar with are solid names, only a handful are true millionaire-making prospects. These are companies with competitiveness that's not yet fully realized and therefore not fully reflected in their stock prices.
If you can stomach the risk that all such prospects require, here's a rundown of three technology names with the potential to turn a modest-sized position into a seven-figure sum.
1. Rubrik There are plenty of cybersecurity stocks to consider. Most of their underlying companies and their solutions, however, were created when the worldwide web was in its infancy. Although still relevant today, many of these outfits are evolving legacy businesses that just weren't built with modern AI-enabled hacking in mind.
Enter Rubrik (RBRK +0.18%).
Founded in 2014 -- when mobile telecom, cloud computing, and remote work were exploding and subsequently opening the door to whole new kinds of cyberattacks -- Rubrik was launched "with a vision to disrupt the backup and recovery space with a new, flexible platform built for cyber." It's the sort of company you'd create if you were building a brand new cybersecurity outfit from scratch today. Data protection, threat analytics, identity security, and perhaps more importantly, cyber recovery are all in its wheelhouse. Although its tech is capable of pre-emptively detecting threats, in the unlikely event of a breach, Rubrik's backup solutions can allow for recoveries of up to 100 times faster than many other recovery options available today. Indeed, for six consecutive years now, IT research and consulting firm Gartner has named Rubrik a leader of the backup and data-protection space.
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The company's results confirm its solutions' amazing marketability. Last year's revenue of $1.26 billion was up 53% year over year, with significant revenue growth in the cards for this year as well, largely driven by recurring revenue from subscriptions. Rubrik also expects to swing to a small profit this year, although this is still just the beginning of the organization's journey out of the red and into the black. With artificial intelligence (AI) now being used for nefarious purposes, an outlook from Precedence Research suggests the global cybersecurity business is apt to grow at an average annual rate of nearly 13% through 2034.
That's not enormous growth. Just bear in mind Rubrik will be winning business that more traditional cybersecurity service providers are unable to retain.
2. Nice Technology company Nice (NICE 0.23%) has been around since 1986. Despite its age and subsequent size, however, the opportunity ahead of it may be the best growth opportunity it's ever faced.
Simply put, Nice is leveraging the power of AI to automate customer service functions more traditionally handled by human customer service agents. You may have heard of this capability as "agentic AI."
Image source: Getty Images.
Whatever you call it, it's clearly working well enough. Toyota, Lowe's, and travel-booking website Tripadvisor are all paying customers of its platform. Nice's tech now handles over 20 billion customer interactions per year, generating nearly $3 billion in revenue (up 9% year over year) and $9.67 worth of per-share profit last year. The company is looking for comparable top- and bottom-line progress this year as well; expect to earn something between $10.85 and $11.05 per share. No, that's not massive growth. Just wait. Precedence Research also expects the worldwide agentic AI industry to grow by 44% per year between now and 2034, now that the tech is refined and proven enough to move into the mainstream. Nice's established presence in this business positions it to capture at least its fair share of this growth.
Gartner also rates Nice as a leader of the contact center as a service (CCaaS) industry, by the way, underscoring its ability to deliver what companies are looking for in such a solution.
3. Nebius Last but not least, add Nebius (NBIS +4.80%) to your list of technology stocks that could make you a millionaire.
It's a cloud computing service provider specializing in AI capabilities. (In its own words, it's "the ultimate cloud for AI innovators, built to democratize AI infrastructure and empower builders everywhere.")
Though one of several names in this space, it is something of a standout. Despite plenty of other options available at the time, in September of last year, software giant Microsoft selected then-mostly unproven Nebius to provide it with billions of dollars' worth of access to AI infrastructure for the foreseeable future. The deal didn't just put the young company on the proverbial map. It made a statement underscored by another major AI infrastructure deal inked with Facebook parent Meta in March of this year.
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Nebius isn't yet profitable, for the record. In fact, its losses are getting bigger as the company spends like crazy to deliver the services it's agreed to provide to Meta, Microsoft, and others. It's also raising funds by issuing debt that can be converted to shares, both of which work against the value of existing shares. You should also know that NBIS shares are uncomfortably expensive even looking past its continued losses. In fact, the stock is currently trading at more than 80 times trailing per-share revenue versus the S&P 500's overall price-to-sales ratio of less than 4. It's going to take a massive amount of profitable revenue growth to make this stock's present valuation even start making sense.
The thing is, all of these stumbling blocks may be well worth navigating in the long run.
See, plenty of revenue awaits even if the company must spend heavily in the meantime to position itself to book it. Analysts expect top-line growth of more than 500% this year -- to $3.3 billion -- with 200% sales growth projected for next year. And that's still just the beginning. Industry research outfit Precedence expects the global AI infrastructure market to grow at an average annualized pace of 23% through 2034. Just buckle up for a wild ride in the meantime.
Nice (NICE - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this software company have returned -3.4%, compared to the Zacks S&P 500 composite's +5.5% change. During this period, the Zacks Internet - Software industry, which Nice falls in, has lost 4%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Nice is expected to post earnings of $2.63 per share, indicating a change of -12.6% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.4% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $11.1 points to a change of -9.8% from the prior year. Over the last 30 days, this estimate has changed +2.1%.
For the next fiscal year, the consensus earnings estimate of $12.64 indicates a change of +13.9% from what Nice is expected to report a year ago. Over the past month, the estimate has changed +1.5%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Nice.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Nice, the consensus sales estimate for the current quarter of $767.17 million indicates a year-over-year change of +5.6%. For the current and next fiscal years, $3.18 billion and $3.49 billion estimates indicate +7.9% and +9.7% changes, respectively.
Last Reported Results and Surprise HistoryNice reported revenues of $768.62 million in the last reported quarter, representing a year-over-year change of +9.8%. EPS of $2.64 for the same period compares with $2.87 a year ago.
Compared to the Zacks Consensus Estimate of $761.09 million, the reported revenues represent a surprise of +0.99%. The EPS surprise was +4.76%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Nice is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Nice. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Is it time to reload your underinvested portfolio? That's not necessarily comfortable to do right now. Stocks are still well up from their late-March lows, teasing an unwinding of their 18% run-up since then. Many investors are understandably on the sidelines, waiting for a pullback.
If you dig deeper though, you'll find several solid growth stocks that aren't so overbought or overvalued that they're difficult to step into at this time. Here's a closer look at three of the best bets among these names.
Image source: Getty Images.
1. Shopify It's been a tough past few months for Shopify (SHOP +2.06%) shareholders. The stock's down 40% from its October peak due to a combination of factors ranging from slowing sales growth to rising interest rates to the advent of artificial intelligence (AI) that could take an unpredictable toll on its business. And these concerns are legitimate to be sure.
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The resulting fears, however, are arguably overblown.
Take the prospect of AI allowing a competitor to creep onto its turf as an example. It could happen. But AI-powered computer coding is proving more problematic than it's worth, and it still doesn't meet online merchants' biggest need that Shopify does. That's facilitating payments.
To the extent AI can be of benefit to online sellers, Shopify is integrating this tech into its own offerings like its website builder and back-end user interface.
As for growth, if headwinds are blowing, it's not evident yet. The company's first-quarter revenue growth rate of 34% accelerated from Q4's growth pace of 31%. Although sales growth guidance in the "high-twenties" wasn't quite what analysts were hoping to hear for the quarter currently underway, it's still solid growth. It may also be an understated outlook just to ensure Shopify delivers a pleasant surprise in early August.
More than anything, own a stake in this company simply because this is the future of e-commerce. Consumers increasingly want to buy directly from authentic brands with stories they connect with. Sprawling, faceless e-commerce platforms like Amazon can't facilitate this. It takes online presence-building tools like Shopify's to let merchants give consumers the experience they actually want.
2. Nice Although the company's been around since 1986 and has been using its current name since 1991, there's a decent chance you've never heard of Nice Ltd (NICE 0.23%). There's an even better chance that you've used the company's tech without even realizing it.
In simplest terms, Nice allows companies to efficiently and effectively offer customer service. Its current corporate clients include Walt Disney, PayPal, Tripadvisor, and more. Its platform facilitates more than 20 billion interactions per year, some of which are ultimately handled by live agents, while others are 100% automated.
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And yes, it's incorporating artificial intelligence into its suite of solutions. Although AI/self-service tech only accounts for 14% of its total cloud revenue right now (and cloud makes up nearly 80% of its total top line), recurring revenue grew 66% year over year during the 2026 Q1, reaching an annualized run rate of $345 million.
And that's an important nuance to understand about this company. While last year's top-line growth of 9% isn't exactly "growthy," the September acquisition of agentic AI software specialist Cognigy is a major upgrade of Nice's offerings and a key reason the AI sliver of its cloud-based customer service solutions is experiencing accelerating growth. Already a leading name in the customer service technology market and regularly recognized as a top provider by Forrester, IDC, and Gartner, Nice is easily leveraging its existing reach to promote Cognigy's capabilities.
The stock's 65% pullback from its early 2024 peak -- when investors first began fearing this company's business could be upended by a then-new AI platform -- doesn't make nearly as much sense now as it did then.
3. Viking Therapeutics Last but not least, add Viking Therapeutics (VKTX +3.10%) to your list of growth stocks to buy if you've got a couple thousand bucks you're looking to put to work for a while and don't mind taking some risk.
At first blush, the GLP-1 weight-loss drug market seems like a duopoly controlled by the pharmaceutical giants Novo Nordisk and Eli Lilly. And in some ways, that's exactly how things are.
The more this business matures, however, the clearer its gaps become.
Enter Viking Therapeutics, specifically its VK2735. The injectable version of this weight-loss drug is currently in phase 3 trials, with an oral (pill) version of the same anti-obesity treatment expected to begin its phase 3 testing in the second half of this year.
What does the world need with another weight-loss option that looks and seems an awful lot like the two made by the two biggest names in the business? By being a dual agonist that also activates the GIP receptor, VK2735 is showing more efficacy at a faster rate, as well as better tolerability. It's also more flexible, allowing users to readily fine-tune their maintenance dosing once their target weight is reached.
It's not been all smooth sailing. Shares were nearly halved in August in response to a somewhat disappointing update of the drug's phase 3 results. The stock's made little net forward progress in the meantime.
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Analysts aren't discouraged, though. The vast majority of them covering VKNG still consider it a strong buy, with a consensus target of $95.40, which is 200% above the ticker's current price. They're likely counting on a new entrant into this space with a different efficacy and tolerability profile able to partially penetrate an obesity drug market that Morgan Stanley believes could be worth nearly $200 billion by 2035. An orally administered pill version has its obvious marketability advantages as well.
HOBOKEN, N.J.--(BUSINESS WIRE)--NiCE (Nasdaq: NICE) today announced NiCE World 2026, taking place June 8–10 at the Walt Disney World Swan and Dolphin in Orlando, Florida. NiCE World is for enterprises that are moving past AI experimentation and into execution at scale. At this year's event, NiCE will unveil groundbreaking advances to its CX AI platform and agentic AI portfolio, giving attendees a front-row view of where enterprise CX is heading. Leaders from Citi, Hyatt, Fabletics, Aetna, Briti.
NiCE (Nasdaq: NICE) today announced NiCE World 2026, taking place June 8–10 at the Walt Disney World Swan and Dolphin in Orlando, Florida.
NiCE World is for enterprises that are moving past AI experimentation and into execution at scale. At this year's event, NiCE will unveil groundbreaking advances to its CX AI platform and agentic AI portfolio, giving attendees a front-row view of where enterprise CX is heading.
Leaders from Citi, Hyatt, Fabletics, Aetna, BritishTelcom, Geico, Lowe’s, Nationwide and 25+ other organizations will join 2,500+ CX and technology leaders, alongside NiCE’s strategic partners including Accenture, AWS, Concentrix, Deloitte, Pindrop, PwC, ServiceNow and Snowflake to share how they are using AI to automate self-service, orchestrate customer journeys, and improve workforce performance.
Keynotes from NiCE CEO Scott Russell, President of Product & Technology Jeff Comstock, and Chief AI Officer Philipp Heltewig will outline NiCE's CX AI platform and vision, while customer-led sessions provide the operational detail behind real-world deployments.
The three-day agenda spans 150+ sessions across strategy, architecture, and execution, with hands-on AI labs, EDU training, and an AI Agent Factory where attendees build and certify a working AI agent before leaving Orlando.
“AI isn’t an add-on to customer experience; it’s the intelligence powering it,” said Scott Russell, CEO of NiCE. “The focus now is execution at scale. NiCE World is where leaders come to see what that looks like in practice— deploying AI with precision, governing it with confidence, and delivering real business impact. This is where the future of customer experience comes to life.”
Registration for NiCE World 2026 is now open. To learn more, view the agenda, and register, visit: NiCE World 2026 | CX & AI Conference in Orlando, FL.
NiCE World London follows on July 1–2, 2026 at Olympia in Kensington. To learn more and register, visit NiCE World London 2026 | CX & AI Conference in UK.
About NiCE
NiCE (NASDAQ: NICE) is transforming the world with AI that puts people first. Our purpose-built AI-powered platforms automate engagements into proactive, safe, intelligent actions, empowering individuals and organizations to innovate and act, from interaction to resolution. Trusted by organizations throughout 150+ countries worldwide, NiCE’s platforms are widely adopted across industries connecting people, systems, and workflows to work smarter at scale, elevating performance across the organization, delivering proven measurable outcomes.
Trademark Note: NiCE and the NiCE logo are trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICE's marks, please see: www.nice.com/nice-trademarks.
Forward-Looking Statements
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Russell, are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the “Company”). In some cases, such forward-looking statements can be identified by terms such as “believe,” “expect,” “seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,” “plan,” “estimate,” or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in general economic and business conditions; competition; successful execution of the Company’s growth strategy; success and growth of the Company’s cloud Software-as-a-Service business; rapid changes in technology and market requirements; the implementation of AI capabilities in certain products and services, decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties in making additional acquisitions or difficulties or effectively integrating acquired operations; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Company’s dependency on third-party cloud computing platform providers, hosting facilities and service partners; cyber security attacks or other security incidents; privacy concerns; changes in currency exchange rates and interest rates, the effects of additional tax liabilities resulting from our global operations, the effect of unexpected events or geo-political conditions, including those arising from political instability or armed conflict that may disrupt our business and the global economy; our ability to recruit and retain qualified personnel; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the “SEC”). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the SEC, including the Company’s Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260601278108/en/
The artificial intelligence boom has produced two very different winners in the software space. Choosing between SoundHound AI (SOUN +3.70%) and NICE (NICE 0.23%) requires weighing explosive revenue growth against steady, billion-dollar profitability.
SoundHound AI focuses on voice-enabled interactions for cars, restaurants, and smart devices, while NICE dominates the back-end of customer service through its cloud-based contact center platforms. Both companies are integrating advanced AI to automate human tasks and improve efficiency. This comparison evaluates their financials and risk profiles for retail investors looking at 2026.
The case for SoundHound AISoundHound AI ranks among the faster-growing tech stocks because of its specialized focus on conversational software. The company develops tools that allow users to speak naturally to devices like cars and restaurant kiosks. By targeting the automotive and retail industries, it aims to replace traditional touchscreens with agentic AI. For the year ended December 31, 2025, no single customer accounted for more than 10% of total revenues.
In its 2025 fiscal year (FY), revenue reached $168.9 million, representing a growth rate of 99.4% compared to the previous year. The company reported a net loss of $14.0 million for the period, which is a significant improvement from the $350.7 million loss in FY 2024. This trend shows a rapid scaling of the business as it expands its footprint. Explosive growth indicates high demand for voice automation as businesses look to lower labor costs.
As of its December 2025 balance sheet, the company carries a debt-to-equity ratio of zero. This ratio compares total debt to shareholder equity, showing that the company has no debt. The current ratio is 4.6x, a figure that measures the ability to cover short-term debts. The company did not report positive free cash flow for 2025. Free cash flow equals the cash a company generates from its operations minus what it spends on physical assets.
The case for NICENICE provides cloud-based software that helps large corporations manage their customer service operations and contact centers. Its platform uses artificial intelligence to route calls, provide self-service options, and analyze customer sentiment in real time. The company serves over 25,000 customers worldwide across banking, telecommunications, and healthcare. By focusing on the customer experience market, NICE aims to automate repetitive tasks that usually require human agents. This established presence allows it to cross-sell new AI features to a massive existing base of users.
During FY 2025, NICE generated revenue of $2.9 billion, a growth of roughly 7.7% over the prior year. The company achieved net income of $612.1 million, showcasing a high level of profitability compared to younger software enterprises. Its net margin, which is the percentage of revenue remaining after all expenses are paid, was 20.8%. This performance continues a multi-year trend of expanding net margins and steady top-line growth.
The balance sheet for December 2025 shows a debt-to-equity ratio of zero. This indicates that total debt does not exceed shareholder equity and the firm relies very little on external borrowing. The current ratio is approximately 1.6x, a figure that measures its capacity to pay off short-term liabilities. Free cash flow for the year reached nearly $703.2 million. Free cash flow equals the cash a company generates from its operations minus what it spends on physical assets like equipment.
Risk profile comparisonSoundHound AI faces intense competition from large technology firms, such as Amazon and its comparable Alexa product, that have vast resources for AI development. The voice software market is also subject to rapidly changing regulations, such as the EU AI Act, which could increase legal and compliance costs. Additionally, the business relies heavily on the automotive industry, which is cyclical and prone to economic downturns. There is also the risk of AI hallucinations, where the software provides inaccurate information, potentially damaging the company's brand reputation.
NICE competes in a crowded customer service software market against well-funded incumbents like Salesforce. While its cloud transition is well underway, the company must continue to innovate to prevent its older product lines from being disrupted by newer startups. The industry also faces pressure from Amazon, which offers competing contact center tools. Any slowdown in corporate IT spending could lead to longer sales cycles and reduced demand for high-end analytics platforms.
Valuation comparisonNICE appears significantly more affordable than SoundHound AI when comparing their P/S ratio and Forward P/E, which measure price against revenue and future earnings estimates.
MetricSoundHound AINICESector BenchmarkForward P/En/a8.4x40.4xP/S ratio20.2x1.9xSector benchmark uses the SPDR XLK sector ETF. Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
When deciding whether to invest in SoundHound AI or NICE, a few factors jump out as key considerations. SoundHound is the younger organization, and a native AI company. In addition, its sales are rising rapidly. In the first quarter, SoundHound reported a jaw-dropping 52% year-over-year revenue increase to $44.2 million. However, some of that growth is due to acquisitions, and the company isn’t profitable with a Q1 net loss of $25 million.
NICE is an industry veteran, established in 1986, so it is not a native AI operation. That said, it has built a formidable business, and it’s incorporating AI into its platform.
NICE’s Q1 sales of $768.6 million exceeded the top end of its guidance and was an increase over the prior year’s $700.2 million, demonstrating it continues to see business expansion. It’s also a profitable business with Q1 net income of $46.8 million.
Although I invested in SoundHound some time ago, I believe NICE is the better stock to buy in 2026. That’s because SoundHound’s growth is fueled in part by acquisitions, yet those acquired businesses led to higher operating costs and an erosion in its margins.
Meanwhile, NICE’s Q1 results demonstrate its business remains solid after many decades in operation. It may not have the explosive growth SoundHound is showing, but it also doesn’t entail the risk. Also, its stock valuation is far lower, as illustrated by its P/S ratio, indicating it is the better value.
Leveraging NICE Actimize X–Sight platform, the collaboration unifies DNB's financial crime systems into an intelligence driven, cloud-native platform
, /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in AI-first business consulting and technology services, today announced the expansion of its strategic collaboration with DNB Bank ASA (DNB), Norway's largest bank, to modernize its Financial Crime (FinCrime) operations using NICE Actimize X-Sight Enterprise platform. Through this engagement, Infosys will help DNB transform fragmented, legacy systems into a unified, intelligence-driven, cloud-native platform that enhances risk insights, improves detection accuracy, and strengthens multi-jurisdiction regulatory compliance.
As the systems integration partner, Infosys will in collaboration with DNB lead the end-to-end modernization of the bank's FinCrime technology landscape, including enterprise architecture design, platform integration, and data migration. It will consolidate key functions including customer and payment screening, customer due diligence, and transaction and fraud monitoring onto a single, scalable SaaS platform with unified enterprise case management.
Leveraging its expertise in transforming anti-FinCrime systems, Infosys will implement NICE Actimize X-Sight platform, a secure and scalable system that supports seamless data integration, advanced analytics, and intelligent automation. Infosys will integrate X-Sight's key solutions for anti-money laundering and fraud to provide DNB with a holistic view of customer risk visibility and improve detection of complex and evolving financial crime patterns. By implementing the platform's AI-driven capabilities, Infosys will deliver value at scale, enabling advanced automation and laying the groundwork for continuous innovations, including intelligent orchestration and AI-assisted investigations. This will enhance detection accuracy, accelerate investigations with actionable insights, and improve DNB's response time to regulatory demands, future-proofing its financial crime controls.
Elin Sandnes, COO and Group Executive Vice President Technology & Services, DNB, said, "Protecting customers and the integrity of the financial system requires us to continuously raise the bar on detection and investigation. By working closely with Infosys and leveraging NICE Actimize's X–Sight Enterprise platform, we are enhancing our ability to detect, investigate, and prevent complex financial crime more effectively, while supporting our long–term digital transformation and regulatory compliance objectives."
Craig Costigan, Chief Executive Officer, NICE Actimize, said "Financial institutions globally are seeking more intelligent, cloud–native approaches to combat evolving financial crime. Through this collaboration with Infosys, our X–Sight Enterprise platform's AI-driven capabilities will help protect DNB and its customers from growing fraud and financial crimes, while boosting operational efficiency and reducing costs."
Dennis Gada, Executive Vice President and Global Head of Banking & Financial Services, Infosys, said, "Legacy systems are struggling to keep pace with the rapid evolution of financial crime. By consolidating anti–money laundering and fraud capabilities onto an AI–enabled enterprise cloud platform, we're helping DNB Bank ASA move from fragmented controls to a unified, intelligence–led operating model. This allows the bank to detect earlier, investigate smarter, and respond with greater consistency across jurisdictions. This modernization program reinforces our role as the strategic system integration and transformation lead, bringing intelligent operations to unlock AI value at scale across monitoring, detection, and investigations."
About DNB Bank ASA
DNB is Norway's largest financial services group and one of the largest in the Nordic region in terms of market capitalisation. The Group offers a full range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers.
DNB's mobile solutions, internet bank, customer service centres, real estate broking- and branch offices in Norway as well as international offices ensure that we are present where our customers are. We are a major operator in a number of industries, for which we also have a Nordic or international strategy.
DNB is now much more than Norway's largest bank and a key business in the Norwegian economy. As Norway's largest bank we are also a leading technology company.
About NICE Actimize
As a global leader in artificial intelligence, platform services, and cloud solutions, NICE Actimize excels in preventing fraud, detecting financial crime, and supporting regulatory compliance. Over 1,000 organizations across more than 70 countries trust NICE Actimize to protect their institutions and safeguard assets throughout the entire customer lifecycle. With NICE Actimize, customers gain deeper insights and mitigate risks. Learn more at www.niceactimize.com.
About NiCE
NiCE (NASDAQ: NICE) is transforming the world with AI that puts people first. Our purpose-built AI-powered platforms automate engagements into proactive, safe, intelligent actions, empowering individuals and organizations to innovate and act, from interaction to resolution. Trusted by organizations throughout 150+ countries worldwide, NiCE's platforms are widely adopted across industries connecting people, systems, and workflows to work smarter at scale, elevating performance across the organization, delivering proven measurable outcomes.
About Infosys
Infosys is a global leader in AI first business consulting and technology services. Over 325,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. As navigators of enterprise transformation, we enable businesses in 63 countries to unlock AI value at scale. With over four decades of experience in managing the systems and workings of global enterprises, we accelerate business transformation through our AI-first value framework, deep domain expertise, and our unique ability to orchestrate innovations from our AI-native partner ecosystem. Infosys is counted among the world's Top 100 brands committed to being a well-governed, environmentally sustainable partner for our clients where deep talent expertise, in an inclusive workplace, help them navigate their next.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence ("AI"), generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
Leveraging NICE Actimize X–Sight platform, the collaboration unifies DNB's financial crime systems into an intelligence driven, cloud-native platform
, /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in AI-first business consulting and technology services, today announced the expansion of its strategic collaboration with DNB Bank ASA (DNB), Norway's largest bank, to modernize its Financial Crime (FinCrime) operations using NICE Actimize X-Sight Enterprise platform. Through this engagement, Infosys will help DNB transform fragmented, legacy systems into a unified, intelligence-driven, cloud-native platform that enhances risk insights, improves detection accuracy, and strengthens multi-jurisdiction regulatory compliance.
As the systems integration partner, Infosys will in collaboration with DNB lead the end-to-end modernization of the bank's FinCrime technology landscape, including enterprise architecture design, platform integration, and data migration. It will consolidate key functions including customer and payment screening, customer due diligence, and transaction and fraud monitoring onto a single, scalable SaaS platform with unified enterprise case management.
Leveraging its expertise in transforming anti-FinCrime systems, Infosys will implement NICE Actimize X-Sight platform, a secure and scalable system that supports seamless data integration, advanced analytics, and intelligent automation. Infosys will integrate X-Sight's key solutions for anti-money laundering and fraud to provide DNB with a holistic view of customer risk visibility and improve detection of complex and evolving financial crime patterns. By implementing the platform's AI-driven capabilities, Infosys will deliver value at scale, enabling advanced automation and laying the groundwork for continuous innovations, including intelligent orchestration and AI-assisted investigations. This will enhance detection accuracy, accelerate investigations with actionable insights, and improve DNB's response time to regulatory demands, future-proofing its financial crime controls.
Elin Sandnes, COO and Group Executive Vice President Technology & Services, DNB, said, "Protecting customers and the integrity of the financial system requires us to continuously raise the bar on detection and investigation. By working closely with Infosys and leveraging NICE Actimize's X–Sight Enterprise platform, we are enhancing our ability to detect, investigate, and prevent complex financial crime more effectively, while supporting our long–term digital transformation and regulatory compliance objectives."
Craig Costigan, Chief Executive Officer, NICE Actimize, said "Financial institutions globally are seeking more intelligent, cloud–native approaches to combat evolving financial crime. Through this collaboration with Infosys, our X–Sight Enterprise platform's AI-driven capabilities will help protect DNB and its customers from growing fraud and financial crimes, while boosting operational efficiency and reducing costs."
Dennis Gada, Executive Vice President and Global Head of Banking & Financial Services, Infosys, said, "Legacy systems are struggling to keep pace with the rapid evolution of financial crime. By consolidating anti–money laundering and fraud capabilities onto an AI–enabled enterprise cloud platform, we're helping DNB Bank ASA move from fragmented controls to a unified, intelligence–led operating model. This allows the bank to detect earlier, investigate smarter, and respond with greater consistency across jurisdictions. This modernization program reinforces our role as the strategic system integration and transformation lead, bringing intelligent operations to unlock AI value at scale across monitoring, detection, and investigations."
About DNB Bank ASA
DNB is Norway's largest financial services group and one of the largest in the Nordic region in terms of market capitalisation. The Group offers a full range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers.
DNB's mobile solutions, internet bank, customer service centres, real estate broking- and branch offices in Norway as well as international offices ensure that we are present where our customers are. We are a major operator in a number of industries, for which we also have a Nordic or international strategy.
DNB is now much more than Norway's largest bank and a key business in the Norwegian economy. As Norway's largest bank we are also a leading technology company.
About NICE Actimize
As a global leader in artificial intelligence, platform services, and cloud solutions, NICE Actimize excels in preventing fraud, detecting financial crime, and supporting regulatory compliance. Over 1,000 organizations across more than 70 countries trust NICE Actimize to protect their institutions and safeguard assets throughout the entire customer lifecycle. With NICE Actimize, customers gain deeper insights and mitigate risks. Learn more at www.niceactimize.com.
About NiCE
NiCE (NASDAQ: NICE) is transforming the world with AI that puts people first. Our purpose-built AI-powered platforms automate engagements into proactive, safe, intelligent actions, empowering individuals and organizations to innovate and act, from interaction to resolution. Trusted by organizations throughout 150+ countries worldwide, NiCE's platforms are widely adopted across industries connecting people, systems, and workflows to work smarter at scale, elevating performance across the organization, delivering proven measurable outcomes.
About Infosys
Infosys is a global leader in AI first business consulting and technology services. Over 325,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. As navigators of enterprise transformation, we enable businesses in 63 countries to unlock AI value at scale. With over four decades of experience in managing the systems and workings of global enterprises, we accelerate business transformation through our AI-first value framework, deep domain expertise, and our unique ability to orchestrate innovations from our AI-native partner ecosystem. Infosys is counted among the world's Top 100 brands committed to being a well-governed, environmentally sustainable partner for our clients where deep talent expertise, in an inclusive workplace, help them navigate their next.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence ("AI"), generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
HOBOKEN, N.J.--(BUSINESS WIRE)--NiCE (Nasdaq: NICE) will webcast its Investor and Analyst Day on Tuesday, June 9, 2026 at 11:00 a.m. ET, live from Orlando, FL. The webcast will be accessible from the Company's Investor Relations website at www.nice.com/company/investors/upcoming-event. A replay of the webcast will also be available on the website after the event. About NiCE NiCE (NASDAQ: NICE) is transforming the world with AI that puts people first. Our purpose-built AI-powered platforms autom.
