AcquisitionsThe company completed the previously announced acquisition of four industrial properties for an aggregate price of $88.3 million.
Financial PerformanceThe company reported FFO numbers of $0.46 which was two cents higher than consensus estimates and our estimate.
Portfolio DiversificationThe company is focused on shifting its portfolio towards industrial, with approximately 75% of their current base rent being derived from this sector, up from 72% in the previous quarter.