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Stock impact report

Caliber Reports Third Quarter 2024 Results

CaliberCos Inc. - Class A (CWD) 
Company Research Source: Business Wire
Platform revenue increased 98.9% compared to prior year same quarter, resulting in positive platform earnings SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Caliber (NASDAQ: CWD; “CaliberCos Inc.”), a real estate investor, developer, and asset manager, today reported results for the third quarter ended on September 30, 2024.Within this earnings release, we refer to performance results of the ‘Platform’. Platform refers to the performance of CWD itself, excluding the performance of certain assets & funds that are included in our consolidated results, as required by the United States generally accepted accounting standards (“GAAP”). Management believes that Platform performance offers the most meaningful information needed to understand the value of CWD. The assets and funds that are consolidated into our GAAP presentation are included because Caliber is a guarantor of debt held by these assets and funds.While GAAP consolidation rules require CWD to include the performance and cash flows of the Show less Read more
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