Scott Hogan

“We delivered very strong results for both the fourth quarter and for the year. We delivered $1.05 in core FFO per share versus $1.01 in 2024, representing 4% growth.”

“This morning, we reiterated our $1.03 to $1.07 core FFO per share guidance and our longer-term 3% to 5% same-store NOI growth target. For the quarter, as planned, we took back some space slightly lower, lowering our occupancy from the prior quarter, and we produced strong same-store NOI growth of 4.8%.”

“We delivered core FFO of $0.25 per share and we have very good momentum going into the fourth quarter. Our annual guidance anticipates that FFO in the fourth quarter will benefit from leasing momentum and percentage sales clauses kicking in more heavily in the fourth quarter, similar to the last three years.”

“We were pleased to deliver $0.24 of core FFO for the quarter. As Dave and Christine discussed, this was a very strong quarter led by strong leasing efforts.”

“We delivered $0.24 in core FFO per share for the fourth quarter of 2023 versus $0.23 in the fourth quarter of 2022, and $0.91 for the full year 2023 versus $1.03 for the full year 2022.”