FFO and AFFO Growth
FFO per share grew by 2.3% in the quarter and 4.8% year-to-date compared to the same period last year. AFFO also showed growth, with year-to-date figures up by 3.5%.
High Occupancy Rate
The portfolio is 98.2% occupied, highlighting strong tenant retention and demand for properties.
Investment in Quality Tenants
51% of the portfolio's annual base rent comes from investment-grade rated tenants, with top tenants including DICK's Sporting Goods and Lowe's.
Successful Portfolio Management
Reduced Walgreens exposure from the largest tenant concentration to the fifth largest and achieved an average price of $15.81 per repurchased share.
Bass Pro Shops Lease Amendments
Bass Pro Shops completed a full renovation and extended the lease term to a new 20-year initial lease term, increasing annual rent by almost $0.5 million.