The group - STAG, DCT, Duke (NYSE:DRE), EastGroup (NYSE:EGP), First Industrial (NYSE:FR), Liberty Property (NYSE:LPT), and Prologis (NYSE:PLD) - has agreed on a consistent methodology to calculate various non-GAAP property operating metrics. Among those include how to determine property stabilization and occupancy as well as comparative changes in rental rates and tenant retention rates.
They've also agreed on the definition of what a same-store property is - it will include only stabilized properties held at the start of the calendar year through both periods presented.
The group is all down 1% or more in today's action, consistent with a broader selloff in REITs.
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