- Core FFO per share was $0.45, consistent with the prior year quarter despite growth in core FFO due to reduced leverage.
- Core FFO was $14.7 million for the quarter, a $4.3 million increase compared to $10.3 million in the prior year quarter.
- Net debt to EBITDA was 6.9x, improved from 7.5x a year ago but up from 6.3x at the start of the year due to acquisitions and tenant vacancies.
- The company signed approximately 227,000 square feet of new leases, renewals, and extensions at an average cash base rent of $25.43 per square foot in Q2 2025.
- The property portfolio of 5.3 million square feet was 93.9% leased and 90.2% occupied at quarter-end.
- The signed not open leasing pipeline stands at $4.6 million, representing 4.6% of in-place cash rents.
- Year-to-date leasing totaled 339,000 square feet with a 27% cash rent spread on comparable leases.
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