Strong Office and Retail Segment Performance
Office segment same-property net operating income on a cash basis increased 0.5% for Q3 versus Q3 last year and was up 1.5% for the 9 months 2025 versus the same period last year. Retail segment same-property net operating income cash basis increased 5.3% for Q3 2025 versus Q3 last year and was up 7.3% for the 9 months 2025 versus the same period last year.
Healthy Financial Ratios
FFO payout ratio was a healthy 50% for the 9 months ended September 30, 2025, and the AFFO payout ratio was also healthy at 61.3%. Debt to total assets at the REIT's proportionate share at September 30, 2025, was 47.3%.
Technological Innovation in Residential Segment
AI-driven leasing platform ensures 100% coverage of calls, e-mails, and texts, reducing days between application and lease signing and reducing bad debt by half post-centralization.