Strong Occupancy and Leasing Spreads
Near full occupancy at 97.8%, with exceptional leasing spreads of 24%, reflecting robust demand for grocery-anchored retail and industrial assets.
Successful Capital Recycling Program
Completed approximately $427 million in total real estate transactions, including $351 million of acquisitions and $76 million of noncore asset dispositions.
Resilient Financial Performance
Reported FFO increased by 3.9% to $191.6 million, or $0.265 per unit, driven by higher Same-Asset cash NOI and strong leasing activity.
Industrial Portfolio Growth
Occupancy increased to 98%, with an average lease renewal spread of 38.9%, indicating strong performance in the industrial sector.
Positive NAV Growth
IFRS NAV increased by 1.5% over the last quarter, driven by a fair value gain on investment properties and investment in Allied Properties.