Industrial and Specialty REITs

credit / rates affecting interest expense

“Interest expense increased by $7.1 million, or 17.2%, primarily due to a higher weighted average debt balance of $2,599.3 million for the six months ended June 30, 2026 as compared to $2,334.8 million for the six months ended June 30, 2025 as well as an increase in the weighted average interest rate to 4.22% for the six months ended June 30, 2026 as compared to 4.07% for the six months ended June 30, 2025 offset by an increase in capitalized interest of $0.2 million during the six months ended June 30, 2026 as compared to the six months ended June 30, 2025.”

FR 10-Q

credit / rates

“Financing Activities: Cash used in financing activities was $57.3 million for the three months ended March 31, 2026 as compared to cash provided by financing activities of $110.5 million for the three months ended March 31, 2025, resulting in a decrease of cash used in financing activities of $167.8 million, primarily due to the following: • increase in net repayments of borrowings under our Unsecured Credit Facility of $231.0 million in 2026 as compared to 2025; and • increase in dividend and unit distributions of $10.3 million due to the Company increasing the dividend rate in 2026 as well as a slight increase in common shares and units outstanding; offset by: ◦ increase of $75.0 million in proceeds from refinancing of the $300.0 million unsecured term loan with a $375.0 million unsecured term loan in 2026.”

FR 10-Q

restructuring

“Changes in market conditions or in our expectations regarding a property could result in impairment charges in future periods.”

FR 10-K