Declared an annualized dividend of $0.95 per share, a 5% increase over prior year.
For the first half of 2025, Nareit FFO was $72.6 million or $0.93 per diluted share, reflecting a 4.5% year-over-year increase; Core FFO was $0.90 per diluted share, up 3.4%.
For the quarter, same-property NOI was $42.6 million, a 4.8% increase compared to the same period last year, driven by embedded rent escalations, occupancy gains, positive rent spreads, redevelopment activity, and percentage rents.
Nareit FFO for Q2 was $35.5 million or $0.45 per diluted share, a 2.3% increase compared to Q2 last year; Core FFO also increased 2.3% to $0.44 per diluted share.
Net leverage ratio stood at 17%, net debt to adjusted EBITDA was 2.8x on a trailing 12-month basis.
Same property NOI grew approximately 6% for the first half of the year, with Nareit FFO per share rising nearly 5% year-over-year.
The company ended the quarter with $787 million of total liquidity, including $500 million borrowing capacity under revolving credit.
Weighted average interest rate was 4% with a weighted average maturity of 2.9 years.
Year-to-date same-property NOI totaled $85.1 million, a 5.6% increase over the first 6 months of 2024.
Revenue grew 9% on an organic constant currency basis, surpassing the 3% to 5% guidance range; excluding mortgage, growth was 6.5%.
Share repurchases totaled $47 million through mid-July, supporting disciplined capital deployment.
TransUnion exceeded all key financial guidance metrics in Q2 2025, delivering high single-digit organic revenue growth for the sixth consecutive quarter.
U.S. Markets segment revenue increased 10%, with Financial Services growing 17% and 11% excluding mortgage.
Adjusted earnings per share were $44.78 with an adjusted ROE of 11.00% and ROA of 1.07%.
Adjusted net income was $607 million, exceeding expectations, driven by better-than-expected net interest income growth, lower credit costs, and expenses at the low end of guidance.
Allowance ratio decreased 1 basis point to 1.18%, with strong reserve coverage and risk management framework.
Deposits grew by $610 million or 0.4% sequentially, led by the Direct Bank and SVB Commercial segments.
Loans declined modestly by $89 million or 0.1% sequentially, with growth in Global Fund Banking and General and Commercial Bank segments offset by declines in tech and healthcare portfolios.
Net charge-offs declined by 8 basis points sequentially and were below guidance, concentrated in general office, investor-dependent, and equipment finance portfolios.
Net interest income increased 2% sequentially, with headline NIM at 3.26% and NIM ex accretion up 2 basis points to 3.14%.
Share repurchases totaled $613 million in the quarter, with a new $4 billion share repurchase plan approved to commence after the current plan.
Dafinchi