DistributionMany investors question the sustainability of the distribution, despite the yield remaining in double digits at 10.2%.
EarningsFFO per diluted unit of $0.52, down 12.2% year-over-year from $0.59 in Q2/23, and below analyst estimate and consensus of $0.56.
LeasingThere has yet to be any evidence of an improvement in leasing, and it could take several years for a meaningful recovery in office fundamentals.