Wise plc (OTCPK:WIZEY) Q2 2026 Earnings Call November 6, 2025 4:30 AM EST Company Participants Martin Adams - Head of Investor Relations Kristo Kaarmann - Co-Founder, CEO & Director Emmanuel Thomassin - CFO & Director Conference Call Participants Adam Wood - Morgan Stanley, Research Division Aditya Buddhavarapu - BofA Securities, Research Division Pavan Daswani - Citigroup Inc., Research Division Eleanor Hall - Rothschild & Co Redburn, Research Division Justin Forsythe - UBS Investment Bank, Research Division Bharath Nagaraj - Cantor Fitzgerald & Co., Research Division Presentation Martin Adams Head of Investor Relations Good morning. Hi, everybody.
Wise is betting big on America. The London-listed fintech best known for cheap international transfers is adding staff, pouring money into marketing, and laying the groundwork for a Wall Street debut as part of a broader push into what it calls its most promising market.
PLD leverages prime logistics hubs and data center conversions for growth, though leasing delays and rising interest expenses could temper momentum.
CCI's extensive portfolio of towers is poised to benefit from the growing demand for wireless connectivity. Yet, customer concentration and substantial debt burden ail.
HST to gain from its luxury hotel portfolio, strategic capital recycling and a healthy balance sheet. Macroeconomic uncertainty and high interest expenses ail.
REG thrives on grocery-anchored strength, acquisitions and dividends but faces e-commerce threats, high debt and market concentration.
Wise stands out as a global fintech leader, leveraging network effects and strong banking partnerships in its global transfer business. WISE delivers high margins (40% EBITDA) and double-digit revenue growth, supported by rapid customer acquisition, platform partnerships, and expanding B2B and banking services. Despite premium valuation, WISE offers 30–50% upside potential, with further gains possible from multiple expansion and a potential U.S. listing catalyst.
PR drives value with record drilling speed, robust cash flow and strategic deals, while risks include acquisition competition, limited growth, midstream reliance and oil price swings.
MAC's portfolio of premium shopping centers, focus on omnichannel retailing and the development of mixed-use assets are strengths despite growing e-commerce adoption.
Stable core storage and records management business, data center expansions and a healthy balance sheet are likely to support IRM despite high interest expenses.
SPG's leasing momentum, mixed-use projects, acquisitions and dividend hikes bolster growth, but debt and e-commerce competition weigh.
LAMR expands with acquisitions, digital billboards and steady local sales, but debt, competition and ad-market caution weigh on its performance.