Core Viewpoint - Highwoods Properties Inc. (HIW) reported a first-quarter 2025 FFO per share of 83 cents, exceeding the Zacks Consensus Estimate of 82 cents but lower than the previous year's 89 cents, indicating mixed performance amid healthy leasing activity and rent growth [1][3] Financial Performance - Rental and other revenues totaled $200.4 million, falling short of the Zacks Consensus Estimate of $205.2 million and representing a 5.4% year-over-year decline [2] - The average in-place cash rent increased by 2.5% per square foot compared to the prior year, while same-property cash NOI decreased by 3.4% year over year to $132.3 million [3] Leasing Activity - Highwoods engaged in second-generation leasing activity covering 700,000 square feet, including 252,000 square feet of new leases, with a dollar-weighted average lease term of 5.3 years [4] - GAAP rent growth was reported at 12.8%, and net effective rents were 21% higher than the average of the previous five quarters [4] Portfolio Management - The company acquired the Advance Auto Parts Tower, a Class AA office building in Raleigh, for $138 million, and sold non-core office buildings in Tampa, FL, for $145 million [5] Balance Sheet and Liquidity - Highwoods reported total available liquidity exceeding $700 million, which includes cash, revolving credit facility availability, and undrawn joint venture construction loans [6] - The net debt-to-adjusted EBITDAre ratio was reported at 6.4, slightly up from 6.29 at the end of December 2024 [6] Guidance Revision - The company raised its 2025 FFO per share guidance to a range of $3.31-$3.47 from the previous $3.26-$3.44, with the Zacks Consensus Estimate currently at $3.35 [7] - Expected growth in same-property cash NOI is projected between -4.0% and -2.0%, with average occupancy anticipated to be between 85% and 86.5% [7]

W.P. Carey (WPC) reported first-quarter 2025 adjusted funds from operations (AFFO) per share of $1.17, missing the Zacks Consensus Estimate of $1.19. However, the figure improved 2.6% from the year-ago quarter.Results reflect dispositions impacting revenues, though net investment activity and certain lease structuring aided the performance to some extent.Quarterly revenues of $407.4 million underperformed the Zacks Consensus Estimate of $418.2 million. However, revenues increased 5.3% year over year.Per Jas ...

Financial Data and Key Metrics Changes - The company reported funds from operations (FFO) of approximately $2.7 million or $0.03 per share for Q1 2025 [5] - A GAAP net loss of about $21.4 million or $0.21 per share was recorded for the same period [6] Business Line Data and Key Metrics Changes - The directly owned portfolio was approximately 69.2% leased at the end of Q1 2025, down from 70.3% at the end of Q4 2024 [9] - Economic occupancy for the directly owned portfolio was approximately 67.7% at the end of Q1 2025, compared to 68.6% at the end of 2024 [9] - Approximately 60,000 square feet of total leasing was finalized during Q1 2025, consisting entirely of renewals and expansions [10] Market Data and Key Metrics Changes - The company has tracked approximately 800,000 square feet of prospective new tenants, with about 300,000 square feet of prospects identifying FSP assets on their shortlist [11] - Scheduled lease expirations for the remainder of 2025 total approximately 246,000 square feet, representing about 5.1% of FSP's directly owned portfolio [12] Company Strategy and Development Direction - The company remains focused on advancing leasing of space in its existing property portfolio and pursuing property dispositions to repay debt [6][7] - The company is actively considering operational adjustments and strategic transactions to unlock the full value of its property portfolio [8] Management's Comments on Operating Environment and Future Outlook - Management noted macroeconomic uncertainties, including tariff headlines, that could impact corporate leasing decisions and investment in office properties [7] - The company remains confident in its direction but is open to various strategies to maximize shareholder value [9] Other Important Information - Since initiating its current disposition strategy in late 2020, the company has completed approximately $1.1 billion in property sales, leading to a nearly 75% reduction in corporate indebtedness [13] - National office transaction volumes rose by 22% in 2024 and accelerated in Q1 2025, finishing 31% higher year over year [15] Q&A Session Summary Question: Insight on why leasing was solely executed for renewals during Q1 - Management indicated that new leases had stalled but they are pursuing renewal transactions and expect positive news in Q2 and Q3 [17][18] Question: Which geographies currently depict greater strength in the portfolio? - Management highlighted strong demand in Texas, particularly in Houston, with Dallas showing some improvement, while Denver and Minneapolis are better than previous years but not as robust as Texas suburbs [19]

All financial information contained in this supplemental information package is unaudited. In addition, certain statements contained in this supplemental information package may be deemed to be forward-looking statements within the meaning of the federal securities laws. Although FSP believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Factors that could cause actual results to diff ...

Boston Properties Inc.’s (BXP) first-quarter 2025 funds from operations (FFO) per share of $1.64 missed the Zacks Consensus Estimate of $1.65. The reported figure fell 5.2% year over year.BXP’s quarterly results reflect better-than-anticipated revenues on healthy leasing activity. However, lower occupancy during the quarter marred its year-over-year FFO per share growth. BXP also revised its guidance for 2025 FFO per share.Quarterly lease revenues were $811.1 million, up 2.9% year over year. The Zacks Conse ...

Core Viewpoint - Urban Edge Properties reported quarterly funds from operations (FFO) of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, and up from $0.33 per share a year ago [1][2] Financial Performance - The company achieved revenues of $118.09 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.42%, compared to $109.63 million in the same quarter last year [3] - Urban Edge Properties has exceeded consensus revenue estimates two times over the last four quarters [3] Stock Performance - The stock has declined approximately 15.4% since the beginning of the year, while the S&P 500 has decreased by 5.5% [4] - The current consensus FFO estimate for the upcoming quarter is $0.34 on revenues of $114.51 million, and for the current fiscal year, it is $1.38 on revenues of $446.2 million [8] Industry Context - The REIT and Equity Trust - Retail industry is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9] - Empirical research suggests a strong correlation between near-term stock movements and trends in estimate revisions, which can impact stock performance [6]

Financial Results and Supplemental Information FIRST QUARTER 2025 April 29, 2025 2020 Joe B. Jackson Parkway Murfreesboro, TN 1,016,281 Square Feet ILPT Ownership: 100% Table of Contents QUARTERLY RESULTS | 4 | Industrial Logistics Properties Trust Announces First Quarter 2025 Financial Results | | | --- | --- | --- | | First Quarter 2025 Highlights | | 5 | | FINANCIALS | | | | Key Financial Data | | 7 | | Condensed Consolidated Statements of Income (Loss) | | 8 | | Condensed Consolidated Balance Sheets | | ...

SUPPLEMENTAL INFORMATION UNAUDITED FIRST QUARTER 2025 Forward-Looking Statements This supplemental information package contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. STAG Industrial, Inc. (STAG) intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of ...

Note: Unless otherwise indicated, the source of all Company data is publicly available information that has been or will be filed with the Securities and Exchange Commission for the period ending March 31, 2025. Founded / IPO NYSE Market Cap1 Enterprise Value1 Operating Retail Properties Total Owned Retail GLA (SF) Retail Portfolio Percent Leased Annualized Base Rent (ABR) per SF Net Debt to Adjusted EBITDA ABR from Assets with a Grocery Component2 ABR in Sun Belt Markets3 ABR from Community & Neighborhood ...

Kite Realty Group (KRG) came out with quarterly funds from operations (FFO) of $0.53 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to FFO of $0.50 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 3.92%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.53 per share when it actually produced FFO of $0.53, delivering no surprise. Over the last four quarters, ...