Operating Performance Boost
Operating performance across office, retail, and AEI segments showed strong growth with a 1.5% increase in gross revenue and a 1.6% increase in NPI year-on-year.
Successful Financing
Completed $300 million in financing at a 2.25% rate, the lowest done by the REIT this year.
Positive Retail Trends
Retail sales experienced a significant rebound with a 7.8% rental reversion, slightly higher than 7.7% from the last quarter.
International Occupancy Improvements
Office occupancy improved in Germany and Australia, with Germany's occupancy increasing to 86% after leasing significant space.
Cost of Debt Reduction
Cost of debt fell from 3.3% to 3.17%, with expectations for further reductions in the coming year.