Debt And ObligationsThere was a maturity of a mortgage loan on 606 Broadway that was not repaid, leading to an event declaration by the lender.
Financial PerformanceThe company experienced the largest normalized FFOps decline in the coverage universe since 2019, and occupancy continued to fall through the third quarter of 2024.
Market ValuationThe stock is already trading at its best since pre-2020, despite no occupancy or earnings improvement yet.