Robert Velasquez

“Net income attributable to common stockholders was $2.6 million, or 10 cents per share, versus a loss of $1.7 million a year ago, a $4.3 million improvement. The 10-Q provides details by segment, so I'll focus on what the tables don't say, earnings quality, cost, and overall balance sheet.”

“I will begin with a review of our first quarter results, provide some additional detail on segment performance, and then summarize our current liquidity.”

“For the fourth quarter of 2025, net income attributable to common stockholders was 1.6 compared to 4.5 million, approximately 98% at 93. Equity and earnings from unconsolidated joint ventures totaled 2.1 million in the fourth quarter, reflecting lower earnings from the Travel Center joint venture.”