Asset Vacancy And SaleA key U.S. property lost its sole tenant, prompting an asset sale that lowered income from that location.
Funds From OperationsFunds from operations per unit declined due to dilution from a partial investment sale and higher interest expense after refinancing, reducing distributable cash.
Portfolio Vacancy PressureHigher vacancy levels across the portfolio, including at a U.S. property after a tenant exit, are weighing on rental income and overall cash flow.