Development Pipeline ContributionLarge development pipeline could be the firm's biggest contributor to net operating income since 2016, with about 95% of projects match-funded and initial stabilized yields projected to exceed the company's cost of capital.
Lease-up Execution And Rent MomentumLease-ups are outperforming underwriting with projected yields ahead and rents running roughly 2% above expectations, while Northern Virginia assets show solid same-store revenue growth near 4.7%.
Share Repurchases And Capital ReturnsSignificant capital-return actions, including $151.8 million of buybacks and a newly authorized $500 million repurchase plan, support per-share metrics and signal confidence in cash generation.