Demand And TariffsLower NOI expectations, coupled with softer demand and reciprocal tariffs, pose a greater than expected headwind.
Demand ChallengesDemand improvement is key to turning positive, but the acquisition pipeline and potential tariff impact present significant challenges.
Earnings OutlookSofter than expected results and lowered outlook put pressure on the shares.
Recovery PathA weaker than expected occupancy recovery path was the primary reason for the guide reduction.