Increased FFO and AFFO
FFO as adjusted for the quarter increased by 5.4% to $1.37 per share, and AFFO increased by 7.8% to $1.39 per share compared to the prior year.
Strong Portfolio Performance
The experiential portfolio, consisting of 275 properties, was 99% leased or operated, contributing to a strong overall portfolio coverage of 2x.
Investment in Experiential Properties
Investment spending for the quarter was $54.5 million, entirely in the experiential sector, with a year-to-date investment of $140.8 million.
Box Office and Revenue Growth
Box Office revenue through the first three quarters was $6.5 billion, a 4% increase over the same period in 2024, with a projected yearly increase of 6%.
Successful Capital Recycling Program
The company has sold $133.8 million in assets year-to-date, with increased guidance for 2025 dispositions to $150 million to $160 million.