Filing excerpt
Same property NOI increased by $20.1 million, or 2.6%, for the six months ended June 30, 2026, as compared to the corresponding period in 2025. This increase is primarily the result of (i) an increase of $18.6 million in minimum rent, primarily related to strong leasing activity and (ii) a decrease in credit losses of $2.6 million, partially offset by (iii) an increase in non-recoverable expenses of $1.9 million.