SHARPE
Reported results
- GAAP net income attributable to common shareholders for the third quarter 2026 was $0.37 per diluted share, compared with $2.38 per diluted share for the third quarter 2025.
- Non-GAAP Funds from Operations (“FFO”) was $1.05 per diluted share for the third quarter 2026, compared with $2.17 per diluted share in the prior-year period.
- Non-GAAP FFO, as adjusted, was $1.90 per diluted share for the third quarter 2026, compared with $1.55 per diluted share for the prior-year period.
- Non-GAAP total portfolio same-center NOI increased 3.8% for Q3 2026 to $96,205 thousand compared with $92,708 thousand for Q3 2025.
- Total portfolio occupancy as of September 30, 2026, was 91.5%, an increase of 130 basis points compared with 90.2% as of September 30, 2025.
Guidance
- Full-year 2026 expected GAAP diluted earnings per common share is in the range of $3.63 to $3.73.
- Full-year 2026 non-GAAP FFO, as adjusted, per diluted share is expected to be in the range of $7.34 to $7.44.
- Full-year 2026 expected GAAP net income is in the range of $112.1 million to $115.2 million.
- Full-year 2026 non-GAAP FFO, as adjusted, is expected to be in the range of $226.7 million to $229.8 million.
- Full-year 2026 non-GAAP same-center NOI change is expected to be in the range of 0.75% to 2.25%.
Price and volatility reaction
The stock moved -1.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +1.8 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 47.94 | 2026-11-05 |
| Close after release | 47.32 | 2026-11-06 |
| Realised move | -1.3% | close to close |
| 30d ATM IV change | +1.8 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-05 (8-K, Item 2.02). Read the original filing on sec.gov.