Dividend IncreaseThe company announced a 9% dividend bump this month, the second dividend increase announced this year, supported by superior property operating trends, and burn-off of one-time overhead expenditures.
Occupancy And Leasing SuccessWSR has witnessed a 300bps+ increase in occupancy since the new management took helm, venturing near record-high levels at 3Q24 end.
Valuation And Strategic PlanManagement's strategic plan is value enhancing, supporting multiple expansion; at 13.1x forward earnings, shares trade at a steep discount to shopping center REIT peers.