- Q2 operating FFO of $122.4M or $0.33 per share vs. $111.4M and $0.31 one year ago.
- Same-store NOI growth of 3.1%.
- 338 new leases for 2.3M square feet. New leasing spreads of 27.7% and renewal lease spreads of 7%.
- Portfolio lease rate of 96.1% up 10 bps from start of year and 30 bps Y/Y.
- Annualized base rent per occupied square foot up 3.8% to $14.92.
- Full-year operating FFO guidance is upped to $1.23-$1.26 per share from $1.20-$1.25 previously. Disposition guidance remains at $600M-$800M.
- Previously: DDR beats by $0.02, beats on revenue (July 26)
- DDR flat after hours
DDR beats and boosts
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