Quarterly Results


2Q 2017

Second Quarter 2017 Highlights
  • EPS, FFO and FFO as adjusted per share, were $0.04, $0.35 and $0.48, respectively
  • Achieved year-over-year three- and six-month SPP Cash NOI growth of 2.1% and 3.1%, respectively
  • Completed or under contract on $75 million of acquisitions and generated $399 million of proceeds from dispositions and loan repayments through August 1st
  • Announced $116 million of new development and redevelopment projects
  • Repurchased $500 million of our 5.375% senior notes due 2021 and remain on-track to meeting our previously disclosed leverage targets
  • Entered into a definitive agreement to sell our Tandem debt investment for $197 million
  • Enhanced corporate governance by opting out of the Maryland Unsolicited Takeovers Act (MUTA) and adopting majority standard voting 
  • Announced Scott Brinker will join as EVP Chief Investment Officer, effective January 2018    
  • Reaffirmed full-year 2017 FFO as adjusted and SPP Cash NOI guidance ranges