Growth in Same-Property Net Operating Income
The company reported a 3.4% growth in same-property net operating income on a cash basis for the six months ended June 30, 2025, compared to the same period last year.
Increase in Funds from Operations (FFO)
FFO was $0.314 per unit for the three months ended June 30, 2025, representing a 2.6% increase from the same period last year.
Strong Office Occupancy
Office occupancy at June 30, 2025, was 96.8% with an average remaining lease term of 5.5 years. 87.6% of office revenue comes from investment-grade tenants.
Retail Segment Performance
Retail segment same-property net operating income on a cash basis increased by 8.2% due to occupancy gains at River Landing and foreign exchange differences.
Lantower Residential Achievements
Despite challenges, Lantower Residential maintained strong resident retention and disciplined expense management. Notably, Lantower Residential was awarded Fortune's Best Workplaces in Texas for the second year in a row.