Michael, what I would point you to is there's a couple of things at play here, right? As Dave mentioned, we're focused on continuing to align executive officer compensation with the value of our common stock. And so continuing to have stock compensation being a large part of executive officer compensation, but the reduction in the matching, our alignment of interest program, you know, will reduce, you know, our salary and annual incentive compensation. Now, accounting doesn't always work exactly as compensation does. And so because some of that compensation is now being paid in cash and you know, that part of the compensation, you know, will be expensed, you know, kind of immediately and during the year. And so, you know, you will see less of an add back to AFFO with cash compensation, obviously, compared to stock compensation, right? So that will have an impact. It's something you'll see on the income statement. It's being offset by the reduction in total compensation, again, because of the reduced matching of the alignment of interest program. So they offset each other, but you will see some movements on the, you know, on the income statement. You know, we don't believe it's going to be material to overall AFFO or FFO, but it's something that we'll obviously explain in more detail in our proxy, which gets filed in March. And it's also something we can go into more detail on our first quarter conference call as well.

Feb 14, 2024 / receipt, needs a key / Dave Dupuy, CEO | earnings call 2024-02-14 | transcript 2654991e-7440-48e9-ae7c-f60db343c8db | chars 31457-32898 | segment 31

Acquisition pipeline remains robust at $99M

ir_statement / Sep 15, 2026 / receipt

Leasing +100,000 sq.ft. new signed leases YTD

ir_statement / Sep 15, 2026 / receipt