Company Reports Q1 Revenue of $270.1M, Beating Expectations
Reports Q1 revenue $270.1M, consensus $265.65M. "I am pleased to report on a remarkably strong quarter of execution across all facets of our business. First-quarter leasing activity, which totaled 568,000 square feet, represented the Company's strongest first-quarter performance since 2017, as we continued to capitalize on accelerating momentum across the West Coast," said Angela Aman, Chief Executive Officer. "In addition, we remained active on the capital allocation front, selling approximately $350 million of non-core and non-strategic properties year-to-date, while prudently allocating capital to debt repayments, opportunistic share repurchases, and a substantially pre-leased development project in one of the Company's best-performing submarkets."
