Financial OutlookRaising target price on strong second half outlook.
Leasing ActivityHealthy leasing activity indicates strong demand for retail space, with leases renewed totaling 1.5 million sf and new leases signed for 574,000 sf, resulting in net absorption of 118,000 sf and occupancy improved to 97.8%.
Stock PerformanceThe units have returned 14.5% year-to-date, outpacing both the retail peers and the REIT index of 10.5% and 10.4%, respectively.