Lease Expiries And Earnings PressureLease expiries have weakened revenue and net property income, putting near‑term pressure on earnings until occupancy and cash flows are restored.
Localized Valuation WeaknessSharp valuation declines at two assets after nearby comparable sales led valuers to apply higher cap and discount rates, highlighting localized market weakness that could pressure portfolio valuations.
Macroeconomic Downturn RiskAn economic downturn in the US would pose a significant headwind to the REIT's performance by weakening demand for office space and compressing rental growth.