Tim Arndt

“It's great to be here, be back in New York. Maybe I'll just even widen out a little bit further and touch on the quarter overall and how the business is performing.”

“We delivered an excellent quarter with core FFO of $1.63 per share, including that promote income, and $1.60 per share without, each ahead of our expectations.”

“I mean, the least marked market, if we just think about an inflationary or market rent growth environment that provides 3 or 4 percent over time, and we just held that constant, you would expect a least marked market to sit around high single digits, low double digits percent, and we are at 18 or 19 percent today.”

“The third quarter marked another period of solid performance with many encouraging signs across our business. We had a record quarter for leasing with signings of nearly 62 million square feet and an uptick in portfolio occupancy and another very strong quarter in rent change.”

“I'd like to begin by recognizing the devastating wildfires still affecting Los Angeles. We operate a large portfolio there, but more importantly, we have colleagues, customers, and their communities struggling with the aftermath.”