Financial PerformanceThe company has lowered AFFO guidance twice this year, with the midpoint down more than 8% since its initial '25 guide was provided earlier this year.
Operational ChallengesSame-store operations remained soft with no occupancy improvement, indicating ongoing operational challenges.
Sector ChallengesSecular headwinds continue to pressure CS sector, including tariffs, elevated interest rates, excess capacity, GLP1 drugs and government benefit reductions.