Financial PerformanceThe company reported AFFO numbers of $0.33, four cents higher than consensus numbers and three cents higher than analyst numbers, representing an 18% increase year-over-year.
Geographic AdvantageThe company's assets are strategically located in California and the Sunbelt region, areas experiencing net migration.
Strategic FocusThe focus on manufactured industrial and the selling of retail and office properties has mostly occurred, benefiting from well-located unique assets and an attractive valuation.