Welcome to our dedicated page for CaliberCos news (Ticker: CWD), a resource for investors and traders seeking the latest updates and insights on CaliberCos stock.
CaliberCos Inc (CWD) delivers specialized asset management services focused on middle-market real estate and private equity investments. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases covering earnings reports, portfolio expansions, leadership updates, and partnership announcements. Our curated collection serves as a reliable resource for tracking the company’s progress in fund management, development projects, and brokerage activities.
Key updates include quarterly financial results, regulatory filings, and insights into niche market strategies. Bookmark this page to stay informed about CWD’s latest moves in middle-market asset management and real estate development.
Caliber (NASDAQ: CWD) reported its first quarter 2024 results, showing a total revenue decrease of 22.3% compared to the first quarter of 2023. The platform revenue decreased by 25.6%, while asset management revenue increased by 16.1%. Caliber reported a net loss of $3.8 million, an adjusted EBITDA loss of $1.7 million, and fair value assets under management increased by 3.4%. The company focused on cost-saving measures and remains confident in its growth prospects.
Caliber (NASDAQ: CWD) closed a land sale in Northern Colorado, selling a 50-acre parcel to the Archdiocese of Denver for $7.7 million. A new Catholic high school is planned on this land, along with a chapel, athletic field, and gymnasium. The transaction marks significant progress in the development of Caliber's Johnstown community, showcasing its commitment to leveraging investment opportunities in the growing Northern Colorado region.
Caliber (NASDAQ: CWD) will release its first quarter 2024 financial results on May 9, 2024, followed by a webcast/conference call at 5:00 pm ET to discuss the results. Interested parties can access the call online or by phone.
Caliber (NASDAQ: CWD) announced the sale of land parcels in Johnstown, Colorado, for $12.3 million to meet housing demand. These sales include Areas B and C of The Ridge development. Area B is expected to generate a 19.5% return, while Area C will yield a 6.9% return. Caliber sold Area B to DR Horton for $7.1 million, and Area C to Journey Homes for $5.2 million. The parcels are part of a larger 750-acre mixed-use development project. Caliber remains committed to developing more parcels within The Ridge for residential and mixed-use purposes.
FAQ
What is the current stock price of CaliberCos (CWD)?
What is the market cap of CaliberCos (CWD)?
