Asset Management StrategyThe company continues to sell lower-yielding assets and reinvests the proceeds into higher-yielding opportunities.
Dividend PayoutThe company increased the quarterly dividend by 1.8% to $0.285 per share, yielding 6.6% annually.
Financial PerformanceThe company reported FFO numbers of $0.44, which represents a 19% increase year-over-year, and its two cents higher than consensus estimates and four cents higher than analyst estimates.