To: IntoOLEDs who wrote (73209 ) 7/28/2023 9:31:49 PM From: Grommit Read Replies (1) | Respond to GNL. I sold it a long time ago (small gain when considering divs). If I look at it now I notice a lot of debt and I still do not like their mgmt structure. The Company updated its full year 2023 FFO outlook to $3.69 to $3.81 per share >>> We increased our liquidity during the quarter and have ample existing capital sources to fund our remaining development spend and repay our consolidated debt maturities through year-end 2025. We continue to see healthy interest from our small- to medium-sized businesses, our core customers which continue to maintain the highest levels of physical occupancy throughout our footprint. Our expansions for the last several quarters from a numbers perspective, have outweighed our contractions. So, we have a lot of growing customers.... They're not taking two floors, but they're taking 3,000, 5,000, 10,000 feet. We just had an engineering firm last quarter, take another 10,000 feet. And so, it's -- it's across the board. We've got some law firms, several law firms that are growing their footprints right now. So, it's fairly broad-based. But again, it's not large chunks, we're seeing them take, again, smaller chunks here and there. We're hearing from our property managers that more and more companies are coming back. One example, we had a large customer, we define large as being over 100,000 feet that three months ago, they had their space on the sublease market. And just a few weeks ago, they pulled it off the sublease market and said they're going to keep it because they're bringing all their people back and they're going to need it. But you think about even Charlotte, which has just a few buildings under construction for the first time in over a decade, nothing started. So, we are absolutely seeing that slowdown. And we do believe when our development pipeline is delivering, it's delivering into voids of competition.
