Financial PerformanceThe sale of a portion of the U.S. flagship store at 666 Fifth Avenue resulted in net proceeds of $342mn, enhancing the company's financial position.
Leasing PerformanceThe company leased 709k SF of NY office space, showing a strong leasing performance compared to the previous quarter.
Potential Revenue GrowthThe PENN District saw substantial rent increases, with major tenants like Apple expanding their leases, leading to significant potential revenue growth.
Rental IncomeCash leasing spreads in NY Office/Retail increased significantly, indicating improved rental income potential.