Overview
- The quarterly dividend increases to $0.09 per share for shareholders of record on December 11, payable January 8, 2026, lifting the yield to roughly 7%.
- The company authorized a $150 million common stock repurchase program to complement the higher payout.
- CEO Edward Aldag Jr. said the raise reflects growing confidence in the portfolio and its cash flow potential.
- Third-quarter results showed a sharply narrower net loss of $77.7 million and revenue of $237 million, supporting the move.
- Replacement tenants are on contractual rent ramps that escalate quarterly toward about $160 million in annualized rent by the end of 2026.