Strong Revenue Growth
Total revenue for the first quarter of 2025 was $47.2 million, up from $37.1 million in the first quarter of 2024, marking a substantial increase despite the seasonal nature of the business.
Mixed-Use Development Success
Mixed-use development revenue increased to $18.6 million from $15.1 million year-over-year, driven by new lease commencements, sponsorship, and parking revenue.
Successful Acquisition of Pennant Park
Acquisition of Pennant Park, a six-building office complex adjacent to The Battery Atlanta, is expected to be immediately accretive and supports the strategic growth plan.
Baseball Segment Revenue Increase
Baseball revenue increased to $28.6 million from $22 million year-over-year, driven by increased broadcast revenue and events held at Truist Park.
Positive Fan Engagement
Seven sellouts since the start of the season and successful events like the Savannah Bananas drew over 140,000 visitors.