SHARPE
Reported results
- GAAP net income available to common stockholders for third quarter 2026 was $17.0 million, or $0.10 per share, compared to $8.6 million, or $0.05 per share, for third quarter 2025.
- Non-GAAP Funds From Operations (“FFO”) was $123.8 million, or $0.75 per share, for third quarter 2026, compared to $116.5 million, or $0.69 per share, for third quarter 2025.
- Non-GAAP same property net operating income (“NOI”) on a cash-basis increased 7.4% for third quarter 2026.
- Non-GAAP second generation net rent per square foot on a cash-basis increased 19.8% for third quarter 2026.
- Executed 546,000 square feet of office leases in third quarter 2026, including 220,000 square feet of new and expansion leases.
Guidance
- For full year 2026, projected GAAP net income available to common stockholders is between $0.14 and $0.18 per share.
- For full year 2026, projected non-GAAP Funds From Operations (“FFO”) is between $2.95 and $2.99 per share.
Price and volatility reaction
The stock moved +1.6% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -7.6 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 29.09 | 2026-10-29 |
| Close after release | 29.55 | 2026-10-30 |
| Realised move | +1.6% | close to close |
| 30d ATM IV change | -7.6 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 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.