Occupancy at open-air assets grew to 87.4% from 86.6% at second quarter 2021 and Executed Occupancy and Leasing Pipeline 4 at open-air shopping centers grew to 89.4% compared to 88.8% in the prior quarter.
High quality portfolio with 52% of the single tenant portfolio, and 61.8% of top 20 tenants, investment grade rated or implied investment grade rated 3.
Acquired 32 properties for $470.3 million at a cash capitalization rate 1 of 7.2% and a weighted average capitalization rate 2 8.6%.
Paid dividends on common stock of $28.6 million or $0.21 per share.
AFFO per share increased 32% compared to the fourth quarter 2021, the period prior to the $1.3 billion open-air shopping center portfolio acquisition.
AFFO per share increased 11.5% to $0.29 per share from $0.26 per diluted share in the prior year second quarter.
Adjusted Funds from Operations ("AFFO") increased 31.7% to $38.5 million from $29.2 million in the prior year second quarter.
Funds from Operations ("FFO") grew by 17.4% to $0.27 per share from $0.23 per share in the second quarter 2021.
Cash net operating income ("NOI") rose 31.9% to $86.3 million from $65.4 million for the second quarter 2021.
Net loss attributable to common stockholders was $56.3 million as compared to net loss of $7.4 million for the second quarter 2021.
Revenue grew 43.3% to $116.9 million from $81.6 million for the second quarter 2021.
įor more information about Saviours’ Day, please visit noi.org/sd2022.Second Quarter 2022 and Subsequent Events Highlights Though seating is very limited at the mosque, there is no limit on access to high quality viewing for the millions who eagerly await this unprecedented event at. Minister Farrakhan has said of Him, “In that human being is the kind of power that would make that human being a manifestation of the Presence of God.” His Coming was the fulfillment of divine prophecy. Fard Muhammad, the Self-Guided One, the Great Teacher of the Honorable Elijah Muhammad, Who came alone to North America from the Holy City of Mecca, Saudi Arabia. Saviours’ Day is the Celebration of the Birth of Master W. “This extraordinary title, ‘The Swan Song’, and the prevailing circumstances in the United States and around the world will certainly inspire those who seek Truth and Guidance to turn yet again to one man, the one man whose 67 years of demonstrated love and sacrifice and 44 years rebuilding the Work of his Teacher, the Honorable Elijah Muhammad, has earned him their complete trust,” said Student Minister Ishmael Muhammad, the National Assistant to the Honorable Minister Louis Farrakhan. In the 1 year and 7 months since that time, those who heard it witnessed each and every Divine Word of Guidance and Warning contained in it come to pass. His address, entitled “The Swan Song”, will be the first time the Minister has delivered a major global message since ”The Criterion”, July 4, 2020. The Honorable Minister Louis Farrakhan will appear live and in person at Mosque Maryam, Headquarters of the Nation of Islam on Sunday, February 27, 2022.