Reported results
- Net income attributable to common shareholders (GAAP) was $900,391 thousand for the three months ended September 30, 2026, compared to $108,934 thousand for the three months ended September 30, 2025.
- Total earnings per common share - diluted (GAAP EPS) was $8.71 for 3Q26, compared to $1.00 for 3Q25.
- FFO per common share - diluted (non-GAAP) was $1.70 for the three months ended September 30, 2026, compared to $1.67 for the three months ended September 30, 2025.
- Core FFO per common share - diluted (non-GAAP) was $1.71 for the three months ended September 30, 2026, compared to $1.70 for the three months ended September 30, 2025.
- Core AFFO per common share - diluted (non-GAAP) was $1.42 for the three months ended September 30, 2026, compared to $1.43 for the three months ended September 30, 2025.
- Property revenues (GAAP) were $381,061 thousand for the three months ended September 30, 2026, compared to $395,676 thousand for the three months ended September 30, 2025.
Guidance
- For 4Q26, expected earnings per common share - diluted is guidance of $0.12 to $0.16.
- For 4Q26, expected FFO per share - diluted is guidance of $1.61 to $1.65.
- For 4Q26, expected Core FFO per share - diluted is guidance of $1.63 to $1.67.
- For full year 2026, expected earnings per common share - diluted guidance is $9.42 to $9.46.
- For full year 2026, expected FFO per share - diluted guidance is $6.13 to $6.17.
- For full year 2026, expected Core FFO per share - diluted guidance is $6.73 to $6.77.
Price and volatility reaction
The stock moved -4.1% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -2.7 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 103.71 | 2026-11-05 |
| Close after release | 99.44 | 2026-11-06 |
| Realised move | -4.1% | close to close |
| 30d ATM IV change | -2.7 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.
