Financial PerformanceCash SSNOI decreased year over year, with guidance indicating a further decrease in the next quarter, pointing to declining financial performance.
Leasing ChallengesThe development pipeline's completed portfolio is 0% leased, indicating potential challenges in securing tenants for new developments.
Leasing SpreadsLeasing spreads decelerated to 24.6% with future spreads expected to soften further to 24.1%, suggesting weakening leasing conditions.