Strong FFO Growth
NAREIT FFO for the third quarter was $38.4 million or $0.49 per diluted share, representing an 8.9% increase compared to the third quarter of last year.
Same-Property NOI Increase
Same-property NOI grew over 6% for the quarter, with year-to-date same-property NOI totaling $128.3 million, a 5.9% increase over the first 9 months of 2024.
High Occupancy Rates
Total lease occupancy was 97.2%, with small shop lease occupancy at 93.8% and anchor space at 99.3%.
Successful Capital Redeployment
Completed the full redeployment of proceeds from the sale of the California portfolio into higher-growth Sunbelt markets, including acquisitions in Asheville and Charlotte.