External GrowthAttractive cost of capital and low leverage would fuel the external growth, as evidenced by significant investments in real estate acquisitions and loans.
Financial PerformanceTenant health continues to improve with EBITDAR coverage reaching 1.50x, indicating a strengthening financial position.
Growth StrategyManagement has been opportunistic with equity capital raising, allowing the company to build an excess cash position ahead of debt maturities, providing potential for acquisitions.