MYDAS INVEST

Midas Momentum: The asset improved, but is it enough to refinance?

Momentum improved materially in 2025, but it still has not proven an NOI level that is strong enough to turn that progress into a fully closed and stable refinancing outcome.

Follow-up

Midas Investments: How much of the US value is already leased, and how much still depends on re-leasing?

Midas already has a contracted floor in its US logistics portfolio through the two Vericast assets, but almost all of the upside it presents in NOI and value still sits in Virginia, Washington and Norton and therefore depends on re-leasing and rent resets.

Follow-up

Midas Investments: Can asset value reach the parent before December 2026?

Midas can get value up to the parent before December 2026 only if it executes a material monetization or an equivalent parent-level funding solution. The formal 2026-2027 bridge is monetization-led, not recurring-dividend-led.

Midas Investments: The assets are moving, but 2026 at the parent level still depends on monetizations

Midas enters 2026 with better assets and more value-add optionality, but the real test is still whether the parent company can refinance debt and turn asset value and monetizations into cash on time.