Reported results
- GAAP Net Income Attributable to Common Shareholders for the third quarter of 2026 was $75.1 million, or $0.41 per diluted share, compared to $106.0 million, or $0.58 per diluted share, for the third quarter of 2025.
- Non-GAAP Nareit FFO for the third quarter of 2026 was $230.8 million, or $1.23 per diluted share, compared to $213.5 million, or $1.15 per diluted share, for the third quarter of 2025.
- Non-GAAP Core Operating Earnings for the third quarter of 2026 was $220.6 million, or $1.18 per diluted share, compared to $202.6 million, or $1.09 per diluted share, for the third quarter of 2025.
- Non-GAAP Same Property NOI for the third quarter of 2026 increased by 5.1% compared to the same period in 2025.
- Third quarter 2026 NOI increased by 7.6% compared to the same period in 2025.
Guidance
- Full year 2026 Net Income Attributable to Common Shareholders per diluted share is expected to be in the range of $2.31 to $2.33.
- Full year 2026 Nareit FFO per diluted share is expected to be in the range of $4.86 to $4.88.
- Full year 2026 Core Operating Earnings per diluted share is expected to be in the range of $4.65 to $4.67.
- Full year 2026 Same property NOI growth is expected to be 4.25% +.
Price and volatility reaction
The stock moved -1.9% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 76.28 | 2026-11-05 |
| Close after release | 74.84 | 2026-11-06 |
| Realised move | -1.9% | close to close |
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.
