Development PipelineExtensive development pipeline, roughly 95% match-funded, is positioned to drive a meaningful increase in NOI as projected stabilized yields are expected to exceed the company's cost of capital.
Lease-up PerformanceLease-ups are outperforming underwriting with higher-than-expected stabilized yields and rents running ahead of projections, indicating stronger cash flow potential upon stabilization.
Share Repurchases And Balance SheetRecent buybacks of about $152 million and a new $500 million repurchase authorization, combined with one of the sector's lower leverage ratios, support shareholder returns and provide financial flexibility.