Earnings Feed

$35 million

For the second quarter of 2025, we reported a GAAP net loss of $35 million or negative $0.53 per share.

$373 million increase in total loans

Total loans increased by $373 million, representing a 14% annualized growth rate, driven by $1 billion in originations.

$15.6 million in Q2 2025 vs. $6.3 million in Q2 2024

CapEx and leasing costs in the second quarter were $15.6 million compared to $6.3 million in the same quarter of 2024. The increase in CapEx in 2025 period was driven by the acceleration in leasing activity.

Dividend increased to $0.42 per share

Today, we announced a 12% increase to our quarterly dividend. With this increase, we have more than doubled our dividend since 2016.

Nearly 62 million square feet signed

The third quarter marked a record quarter for leasing with signings of nearly 62 million square feet, driving occupancy growth and rent momentum.