The company said Net Income per diluted share for the Q2 2024 fell 92% year over year to $0.08, from $1.05, while FFOA per diluted share rose 2% to $0.62, from $0.61.

1. 01

   The company said Net Income per diluted share for the Q2 2024 fell 92% year over year to $0.08, from $1.05, while FFOA per diluted share rose 2% to $0.62, from $0.61.

2. 02

   The company set its full-year FFOA per diluted share outlook at $2.42 to $2.50, with the midpoint up $0.02 from the prior outlook of $2.38 to $2.50. For same-store NOI growth, the outlook is (0.25)% to 1.75%, with a midpoint of 0.75%.

3. 03

   The company said same-store revenue rose 2.5% year over year in the Q2 2024, expenses rose 3.7%, and NOI rose 2.0%. Sequentially, revenue rose 0.6% and NOI rose 1.6%, while expenses fell 1.5%.

4. 04

   The company said total debt was $5.8 billion as of June 30, 2024, and liquidity, including cash and undrawn credit facility capacity, was $946.2 million. It said $483.8 million of its $484.7 million in DCP commitments had been funded as of the end of 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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.