Strong Financial Performance
The company delivered $0.69 a share in FFO and raised the midpoint of guidance by $0.02 a share to $2.84, representing 5.6% growth compared to 2024.
Robust Leasing Activity
Completed 551,000 square feet of leases during the quarter, marking the second highest quarterly volume over the last 3 years.
Strategic Acquisition
Acquired The Link in Dallas for $218 million, expanding presence in a fast-growing market and fitting the lifestyle office strategy.
Leasing Pipeline Growth
Leasing pipeline at record levels with significant interest from West Coast and NYC-based companies.
Positive Market Trends
Office fundamentals are improving with net absorption at a post-pandemic high and vacancy declining for the first time in 7 years.
Occupancy Goals
The goal of achieving occupancy of 90% or higher by year-end 2026 is supported by a robust leasing pipeline.
Efficient Operations
The operations team delivered exceptional results with a total office portfolio end-of-period lease and weighted average occupancy percentages at 90% and 88.3%, respectively.