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Square Feet by Segment
Measures the total leasable area held in each segment, revealing where the company’s scale and exposure lie. Changes in square footage highlight acquisitions, dispositions, redevelopment, or footprint shifts that affect future rent potential and concentration risk across different property types.Shop-tenant GLA has grown while shop vacancies steadily decline, reflecting successful redevelopments and strong small-tenant leasing that generate outsized cash‑rent spreads; this is shifting productivity toward higher‑yield shop space. Anchor GLA rose earlier but anchor vacancies have ticked up recently—largely from strategic recaptures (not broad market flight). Management’s SNO and redevelopment pipeline should convert that vacant/under‑utilized space into H2 income, underpinning the modestly raised FFO guide, though dispositions timing and isolated tenant credit issues remain execution risks.
Date | Anchor Tenants | Anchor Tenants Vacant | Shop Tenants | Shop Tenants Vacant |
|---|---|---|---|---|
Jun 30, 2026 | 12.83M | 312.00K | 2.61M | 235.00K |
Mar 31, 2026 | 12.79M | 361.00K | 2.63M | 216.00K |
Dec 31, 2025 | 12.78M | 326.00K | 2.59M | 206.00K |
Sep 30, 2025 | 12.64M | 369.00K | 2.57M | 208.00K |
Jun 30, 2025 | 12.71M | 342.00K | 2.55M | 208.00K |
Mar 31, 2025 | 12.86M | 366.00K | 2.57M | 211.00K |
Dec 31, 2024 | 12.98M | 259.00K | 2.57M | 256.00K |
Sep 30, 2024 | 12.94M | 339.00K | 2.42M | 256.00K |
Jun 30, 2024 | 12.97M | 310.00K | 2.39M | 270.00K |
Mar 31, 2024 | 12.60M | 299.00K | 2.31M | 304.00K |