Office Leasing Success
Completed approximately 180,000 square feet of office leasing during the quarter, with comparable rent spreads increasing 9% on a cash basis and 18% on a straight-line basis.
Retail Portfolio Performance
Retail portfolio was 98% leased with spreads increasing over 4% on a cash basis and 21% on a straight-line basis. Tenant sales and foot traffic remained solid.
Dividend Declaration
Board approved a quarterly dividend of $0.34 per share for Q4 payable on December 18 to shareholders of record as of December 4.
Increased Guidance
Raised full year 2025 guidance range to $1.93 to $2.01 per FFO share, a $0.02 increase from prior guidance midpoint.