Acquisition StrategyThe company aims to acquire properties at yields above their cost of capital targeting properties in the $10 – $50 million range which are not typically pursued by institutions or larger REITs.
Dividend IncreaseThe company increased the quarterly dividend 1.8% to $0.285 per share, yielding 6.6% annually.
Earnings And Financial PerformanceThe company reported FFO numbers of $0.44, which represents a ~19% increase year-over-year, and its two cents higher than consensus estimates and four cents higher than analyst estimates.