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Leased Percentage by Segment
Shows the share of available space rented in each business line (office vs. multifamily). High leased percentages mean steadier cash flow and lower vacancy risk, while drops warn of weaker demand, pressure on rents, and potential dividend strain.
Office occupancy has drifted down from the high‑80s to roughly 81% over several years while multifamily remains essentially fully leased near 99.5%; that divergence signals structural weakness in office demand but not in residential. Management’s record leasing and large‑tenant wins suggest improving momentum, yet a growing signed‑not‑commenced backlog and higher interest costs mean leased percentages won’t translate into immediate cash flow. Expect gradual occupancy recovery as new deals commence and redevelopments convert, but near‑term FFO upside is capped by financing headwinds.
DEI Leased Percentage by Segment
| Date | Office | Multifamily |
|---|---|---|
| Jun 30, 2026 | 80.30% | 99.40% |
| Mar 31, 2026 | 80.90% | 99.60% |
| Dec 31, 2025 | 80.40% | 99.50% |
| Sep 30, 2025 | 79.90% | 98.80% |
| Jun 30, 2025 | 80.80% | 99.30% |
| Mar 31, 2025 | 80.80% | 99.10% |
| Dec 31, 2024 | 80.90% | 99.00% |
| Sep 30, 2024 | 81.50% | 99.20% |
| Jun 30, 2024 | 81.00% | 99.10% |
| Mar 31, 2024 | 82.10% | 98.90% |
| Dec 31, 2023 | 83.30% | 98.80% |
| Sep 30, 2023 | 83.80% | 98.90% |
| Jun 30, 2023 | 84.60% | 99.00% |
| Mar 31, 2023 | 85.50% | 99.20% |
| Dec 31, 2022 | 87.00% | 99.40% |
| Sep 30, 2022 | 87.50% | 99.10% |
| Jun 30, 2022 | 87.40% | 99.60% |
| Mar 31, 2022 | 87.60% | 99.70% |
| Dec 31, 2021 | 87.50% | 99.30% |
| Sep 30, 2021 | 87.50% | 99.20% |
| Jun 30, 2021 | 87.20% | 99.30% |
| Mar 31, 2021 | 87.60% | 99.50% |
