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Average Center Size
Average gross leasable area per property. Larger centers tend to attract national anchors, drive foot traffic and operating efficiencies, while smaller centers can be more flexible and lower cost but may limit rent growth and tenant mix options.Average center size has trended down modestly, signaling a deliberate portfolio tilt toward smaller neighborhood/strip centers — coherent with management’s active small-shop acquisitions, redevelopments and the signed-not-open pipeline. That shift can raise same‑property NOI via escalators and higher rents per sq ft, but concentrates execution risk on small‑shop backfills and makes quarterly results lumpy; monitor occupancy recovery and whether new acquisitions remain accretive as funding costs rise.
Date | Average Center Size |
|---|---|
Jun 30, 2026 | 160.00K |
Mar 31, 2026 | 160.00K |
Dec 31, 2025 | 159.00K |
Sep 30, 2025 | 160.00K |
Jun 30, 2025 | 158.00K |
Mar 31, 2025 | 161.00K |
Dec 31, 2024 | 161.00K |
Sep 30, 2024 | 163.00K |
Jun 30, 2024 | 164.00K |
Mar 31, 2024 | 165.00K |