Strong Renewal Rate Growth
Delivered same-store renewal rate growth of 4.5% in the third quarter, which is 30 basis points higher than the previous year.
High Occupancy Rates
Maintained a solid average occupancy of 96.5% in the third quarter, consistent with expectations.
Improved Financial Guidance
Increased full year 2025 guidance with core FFO and AFFO midpoints raised by $0.01 each.
Successful Bond Offering
Completed a $600 million bond offering with a coupon of 4.95%, enhancing liquidity and extending maturity profile.
Robust Balance Sheet
Ended the quarter with $1.9 billion in liquidity and a net debt-to-EBITDA ratio of 5.2x.