Demand And TariffsRecent data points on inventory demand suggest tenants continue to maintain low levels, with tariffs creating added uncertainty.
Financial PerformanceSofter than expected results and lowered outlook put pressure on the shares.
GuidanceReduced guidance calls for a weaker than expected recovery path.
Inflation And CostsThe possibility of demand structurally staying at a lower level due to higher inflation, higher tariffs, and higher financing costs is a major concern.