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FFO and Core FFO
Tracks Funds From Operations and its core variant, key metrics for assessing cash flow generation and financial health in real estate.Core FFO has been notably steady despite wide swings in reported FFO—suggesting underlying cash generation is stable and more reliable for valuation and dividend coverage, while FFO volatility largely reflects timing, non‑same‑store contributions, tax‑appeal benefits and acquisition activity. Management’s Q1 commentary (modest core FFO growth, flat same‑store NOI, NSA synergies breakeven in 2026) reinforces that near‑term headline FFO moves may be noise; watch midyear revenue seasonality and NSA integration timing for the next meaningful inflection in reported FFO.
Date | FFO | Core FFO |
|---|---|---|
Jun 30, 2026 | $742.93M | $736.07M |
Mar 31, 2026 | $772.73M | $742.24M |
Dec 31, 2025 | $761.58M | $749.85M |
Sep 30, 2025 | $761.19M | $758.69M |
Jun 30, 2025 | $604.49M | $752.35M |
Mar 31, 2025 | $653.18M | $724.60M |
Dec 31, 2024 | $853.68M | $740.96M |
Sep 30, 2024 | $667.63M | $738.24M |
Jun 30, 2024 | $756.14M | $744.89M |
Mar 31, 2024 | $748.46M | $710.97M |