Tony Sanzone

“Before I get started, I'd like to quickly note our new investor presentation. We've updated and expanded it to provide a more comprehensive overview of our portfolio, strategy, and the key drivers of our growth, and you can find it posted to the Investor Relations section of our website.”

“Starting with earnings, AFFO per share was $1.30 for the first quarter, which represents a 13-cent or 11.1% increase compared to the first quarter of last year.”

“Our fourth quarter and full year results demonstrate a strong, consistent pace of investment activity throughout 2025 at attractive spreads, coupled with sector-leading internal rent growth from our portfolio.”

“AFFO per share for the third quarter was $1.25, representing a 5.9% increase compared to the third quarter of last year. Our strong results continue to benefit from both the pace and volume of our investment activity, as well as the internal rent growth generated by our portfolio.”

“We finished the year reporting strong fourth quarter results, generating AFFO per share of $1.21, which brought our full year AFFO to $4.70 per share, marked by a quarter of record investment volume and internally generated growth from our portfolio.”