Financial PerformanceThe company reported funds from operations numbers of $0.84, which was one penny higher than consensus, representing a 3.7% increase year-over-year.
Growth StrategyThe company is well positioned to pursue steady external growth with free cash flow, dispositions, cash, and balance sheet capacity providing visibility to acquire.
Management InsightsManagement indicated deal volume improved with deal size increasing as a result of private equity becoming a little more active on mergers and acquisitions.