Real Estate
REIT - Retail
$9.12B
304
Key insights and themes extracted from this filing
Rental income increased to $303.4 million, up from $286.3 million in the prior year, primarily due to a $7.9 million increase from comparable properties and $7.0 million from 2024 acquisitions. This indicates strong underlying performance and successful integration of new properties.
Property operating income increased to $203.7 million from $195.0 million in the prior year. This improvement is attributed to higher rental rates, occupancy, and contributions from acquisitions, demonstrating effective cost management.
Net income attributable to the Trust increased to $229.7 million from $172.9 million in the prior year. This significant increase reflects improved operating performance and strategic asset management.