SkyHarbour(US:SKYH)2025-08-12 21:00Financial Performance & Construction - Sky Harbour's construction is accelerating, leading to increasing revenues[20] - Sky Harbour Capital is experiencing a step up in 2025 with three new campus openings[32] - A drawdown "warehouse" bank facility is expected to provide $200 million for construction[59] - The warehouse facility is projected to fund construction of ADS2, BDL, POU1, SLC, and TTN[61] Leasing & Revenue - Stabilized campuses are enjoying higher-than-forecast revenue[70] - Potential revenue opportunity at SHER stabilization shows a 23% premium with an average expected revenue of $35.75 per rentable square foot compared to the 2022 CBRE projected $29.08, and a 38% premium with the highest expected revenue of $40.06 per rentable square foot[44] - Q2 Revenue Run Rate for SGR is $1.4 million, $5.0 million for BNA, $6.3 million for OPF, $4.0 million for SJC, and $2.9 million for DVT[48] Site Acquisition & Development - Sky Harbour reaffirms guidance of 5 new ground lease announcements by year-end[42] - The company has secured 18 airport ground leases and is targeting Tier-1 SHER locations[70] - Construction has commenced in OPF2, with completion expected by Q2 2026[70] Operational Strategy - Sky Harbour is transitioning to a centralized operating model[70] - The company is focused on maximizing revenue capture and is on course to meet its 2025 acquisitions target[74]