Truist Securities maintained a neutral outlook on real estate investment trusts for 2025, factoring improving fundamentals but impact of long-term interest rates and tight yield spreads.
The company, which has been trying to rein in costs for years, said adjusted noninterest expenses rose 8.4% from a year ago to $3 billion for the fourth quarter.
The company Friday reported net income of $1.28 billion for the fourth quarter, or 91 cents a share, compared with a loss of $5.09 billion, or $3.87 a share, in the same quarter of the prior year.