Earnings Growth ConcernGuidance suggests less than 1% FFO growth at midpoint due to higher interest expenses negating occupancy gains and pricing power improvements.
Redevelopment ImpactRedevelopment efforts are anticipated to pressure short-term earnings, with a period required to achieve full operational efficiency.
ValuationThe stock trades at a premium, approximately 1.5 times above its five-year average, despite a lack of near-term earnings growth.