The company said total revenues for the 3 months ended March 31, 2026 were $734.1 million, compared with $674.5 million a year earlier. Total portfolio rental revenues and other property income totaled $670.5 million, up 2.7%.

1. 01

   The company said total revenues for the 3 months ended March 31, 2026 were $734.1 million, compared with $674.5 million a year earlier. Total portfolio rental revenues and other property income totaled $670.5 million, up 2.7%.

2. 02

   The company said it acquired ResiBuilt Homes, LLC on January 14, 2026. It reported homebuilding revenues of $43.7 million and homebuilding cost of sales of $39.1 million for the 3 months ended March 31, 2026.

3. 03

   The company said it repurchased 17,101,046 shares of its common stock for a total of $439.1 million during the 3 months ended March 31, 2026, completing its initial $500.0 million authorization. On April 27, 2026, its board of directors approved a new share repurchase program of up to $500.0 million.

4. 04

   The company said net cash provided by operating activities was $293.0 million and net cash used in financing activities was $222.6 million for the 3 months ended March 31, 2026. As of March 31, 2026, the undrawn balance on the Revolving Facility was $1,190.0 million.

Key figures

Quarter ended March 31, 2026

Revenue

$734M

Net income

$161M

EPS

$0.26

Operating cash flow

$293M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.