Development ProgressDevelopment lease-up exceeded expectations with a total of 1.32 million square feet leased, alleviating concerns on delayed lease-up.
Financial GuidanceFR raised its FY2024 FFO per share guidance by 1.2% to $2.61, which is above both the consensus and the analyst's estimate.
Leasing ActivityFR posted another quarter of significant leasing progress, with 1.1 million square feet of speculative development leasing completed, despite a near-term oversupplied and weak demand environment.