The company said that for the Q2 2025 quarter, which covers 3 months, net income available for common shareholders was $1.78 per diluted share (compared with $1.32 a year earlier), operating income was $202.7 million (compared with $157.0 million a year earlier), and FFO was $1.91 per diluted share (compared with $1.69 a year earlier).

1. 01

   The company said that for the Q2 2025 quarter, which covers 3 months, net income available for common shareholders was $1.78 per diluted share (compared with $1.32 a year earlier), operating income was $202.7 million (compared with $157.0 million a year earlier), and FFO was $1.91 per diluted share (compared with $1.69 a year earlier).

2. 02

   The company said FFO for Q2 2025 included $13.0 million ($0.15 per share) of new market tax credit (NMTC) transaction income. Excluding this income, it said FFO was $1.76 per diluted share.

3. 03

   The company said it raised its 2025 full-year guidance for earnings per diluted share to $3.91 to $4.01 from $3.00 to $3.12, and for FFO per diluted share to $7.16 to $7.26 from $7.11 to $7.23.

4. 04

   The company said it acquired Town Center Plaza and Town Center Crossing in Leawood, KS, totaling about 550,000 square feet, on July 1, 2025 for $289 million. It also said it sold the Hollywood Boulevard property for $69 million and Levare for $74 million in Q2.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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