Strong Same-Property NOI Growth
Same-property NOI grew by nearly 5% with strong base rent growth as the primary contributor at 4.7%.
Increased Earnings and Dividend
Full year earnings growth outlook raised; dividend increased by more than 7%.
Successful Capital Allocation
Over $750 million deployed into high-quality opportunities, including acquisitions, development, and redevelopment.
Robust Leasing Pipeline
Signed 3 new grocer leases in Q3; same-property percent leased rate at 96.4%.
Development and Redevelopment Activity
Over $170 million of projects started in Q3, bringing year-to-date total to more than $220 million.
Cash Re-leasing and GAAP Rent Spreads
Cash re-leasing spreads were strong at 13%, while GAAP rent spreads were near record high levels at 23%.