Reports Q1 revenue $249.2M, consensus $199.7M. Same center net operating income, excluding lease termination income, increased 0.9% in the first quarter of 2025 compared to the first quarter of 2024. Portfolio occupancy as of March 31, 2025 was 92.6%, a 0.8% decrease compared to the 93.4% occupancy rate at March 31, 2024 and a 1.5% decrease compared to the 94.1% occupancy rate at December 31, 2024. The decrease was driven primarily by temporary and holiday specialty tenants.
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