Financial and Operating Results
Funds From Operations as Adjusted ("FFOA") per diluted share are expected to be $0.63 for the fourth quarter 2024 and $2.48 for the full-year 2024, each of which are in-line with the midpoints of the Company's previously provided guidance as described in its third quarter 2024 earnings release published on October 30, 2024.
Preliminary Same-Store ("SS") results for the fourth quarter 2024 and full-year 2024 are summarized below and are better than the midpoints of previously provided guidance.
| SS Growth / (Decline) | Year-Over-Year: 4Q 2024 vs. 4Q 2023 | Full-Year: 2024 vs. 2023 |
| Revenue | 2.5% | 2.3% |
| Expense | 3.4% | 4.3% |
| Net Operating Income ("NOI") | 2.1% | 1.5% |
| SS Metric | 3Q 2024, as reported | 4Q 2024, preliminary |
| Weighted Average Physical Occupancy | 96.3% | 96.8% |
| Effective Blended Lease Rate Growth | 1.8% | (0.6)% |
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