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Occupancy Rate
The percentage of leasable space that’s currently rented. High occupancy signals steady rental income and tenant demand, while declining occupancy can indicate weakening traffic, pricing pressure, or the need for tenant incentives that compress cash flow.Occupancy is consistently at the company’s healthy, near‑peak levels with a recurring winter/Q1 soft patch followed by recovery—a pattern reinforced by management’s record leasing and outsized retenanting spreads that underpin the raised FFO outlook and dividend. That said, the deliberate strategy to accept lower tenant retention this year and ongoing retailer churn increases near‑term volatility: watch Q2 cadence and the pace of backfills as the clearest signal of whether strong leasing momentum will fully offset short‑term downtime and support guidance.
Date | Occupancy Rate |
|---|---|
Jun 30, 2026 | 96.60 |
Mar 31, 2026 | 96.90 |
Dec 31, 2025 | 98.10 |
Sep 30, 2025 | 97.40 |
Jun 30, 2025 | 96.50 |
Mar 31, 2025 | 95.70 |
Dec 31, 2024 | 98.00 |
Sep 30, 2024 | 97.30 |
Jun 30, 2024 | 96.50 |
Mar 31, 2024 | 96.50 |