AcquisitionsAnalyst notes acquisition of five shopping centers for $357 million that expands scale and tenant diversification, supporting higher cash-flow potential and above-peer FFO growth.
Development PipelineAnalyst highlights a $668 million development pipeline and commencement of roughly $170 million in new development and redevelopment projects, which should drive future rental income and asset-value appreciation.
Dividend And Cash-flow OutlookAnalyst points to a 7% dividend increase combined with slightly raised FFO guidance as evidence of stronger cash flow, which may boost appeal to income-focused investors.