Operational excellence and disciplined capital allocation deliver solid commercial same-asset cash NOI and FFO growth New Glasgow, Nova Scotia--(Newsfile Corp....
Financial and Operational Same Property NOI (1) in Canadian dollars for the first quarter of 2025 increased 4.5% compared to the first quarter of 2024. Reported portfolio occupancy of 87.1% (89.1% including commitments) at March 31, 2025, compared to 88.2% at December 31, 2024. Renewals totalling 122,760 square feet and new leases totalling 65,178 square feet commenced during the first quarter of 2025. Weighted-average rental rate on renewals that commenced during the first quarter of 2025 increased 4.0%. (1) Represents a non-GAAP measure, ratio or other supplementary financial measure. Refer...