Real Estate [ 10/12 ] | Diversified REITs [ 60/74 ]
NYSE | Common Stock
We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States.
Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.
We are organized and conduct our operations to maintain our qualification as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the "Code"), and generally are not subject to federal income tax to the extent we currently distribute our income to our stockholders and maintain our qualification as a REIT.
We remain subject to state and local taxes on our income and property and toU. S. federal income and excise taxes on our undistributed income.
As of December 31, 2023, we owned 569 buildings in 41 states with approximately 112.3 million rentable square feet, consisting of 493 warehouse/distribution buildings, 70 light manufacturing buildings, one flex/office building, and five Value Add Portfolio buildings.
In addition, as of December 31, 2023, we had six development projects (which are not included in the building count noted above).
While the majority of our portfolio consists of single-tenant properties, we also own a growing number of multi-tenant properties.
As of December 31, 2023, our buildings were approximately 98.2% leased, with no single tenant accounting for more than approximately 2.9% of our total annualized base rental revenue and no single industry accounting for more than approximately 11.0% of our total annualized base rental revenue.
We intend to maintain a diversified mix of tenants to limit our exposure to any single tenant or industry.
As of December 31, 2023, our Operating Portfolio was approximately 98.4% le
| Reported date | EPSChange YoY | EstimateSurprise |
|---|---|---|
| Jul 30, 24 | 0.32 Increased by +10.34% | 0.21 Increased by +52.38% |
| Apr 30, 24 | 0.20 Decreased by -28.57% | 0.19 Increased by +5.26% |
| Feb 13, 24 | 0.23 Increased by +35.29% | 0.19 Increased by +21.05% |
| Oct 26, 23 | 0.28 Decreased by -20.00% | 0.18 Increased by +55.56% |
| Jul 26, 23 | 0.29 Increased by +61.11% | 0.17 Increased by +70.59% |
| Apr 26, 23 | 0.28 Decreased by -6.67% | 0.16 Increased by +75.00% |
| Feb 15, 23 | 0.17 Decreased by -66.00% | 0.17 |
| Oct 27, 22 | 0.35 Increased by +16.67% | 0.16 Increased by +118.75% |
| Fiscal ending date | RevenueChange YoY | IncomeChange YoY | ProfitChange YoY |
|---|---|---|---|
| Sep 30, 24 | 190.74 M Increased by +6.39% | 41.86 M Decreased by -16.35% | Increased by +21.94% Decreased by -21.38% |
| Jun 30, 24 | 189.78 M Increased by +10.53% | 59.78 M Increased by +15.85% | Increased by +31.50% Increased by +4.81% |
| Mar 31, 24 | 187.54 M Increased by +8.06% | 36.63 M Decreased by -47.37% | Increased by +19.53% Decreased by -51.30% |
| Dec 31, 23 | 183.31 M Increased by +7.80% | 41.73 M Increased by +377.71% | Increased by +22.77% Increased by +343.13% |
| Sep 30, 23 | 179.28 M Increased by +7.80% | 50.04 M Increased by +14.87% | Increased by +27.91% Increased by +6.55% |
| Jun 30, 23 | 171.69 M Increased by +6.31% | 51.61 M Increased by +239.78% | Increased by +30.06% Increased by +219.61% |
| Mar 31, 23 | 173.55 M Increased by +9.01% | 69.59 M Increased by +89.48% | Increased by +40.10% Increased by +73.82% |
| Dec 31, 22 | 170.04 M Increased by +15.18% | 8.74 M Decreased by -89.87% | Increased by +5.14% Decreased by -91.20% |