GAAP Net Loss of $10.4million
Normalized FFO of $0.35 Per Diluted Share
Office Same Store NOI Growth of 6.1% (GAAP)Positive Office Renewal Spreads of 18.5% (GAAP) and 0.8% (Cash)Office Occupancy Increased to 94.7%
Positive Retail Renewal Spreads of 13.1% (GAAP) and 7.8% (Cash)Retail Occupancy Increased to 96.2%
Positive Tradeouts on Multifamily Renewals of 1.8%
Narrowed 2024 Full-Year Normalized FFO Guidance Range of $1.25 to $1.27 Per Diluted Share
VIRGINIA BEACH, Va.