What is the net operating income (NOI) growth rate compared to the previous quarter and year‑over‑year?
Answer
Based on the excerpt you provided, the only financial metric disclosed is total revenue for the quarter ( $70.8 million, up from $66.9 million ). The press release does not include the Net Operating Income (NOI) figures for:
- the current quarter (Q2 2025)
- the prior quarter (Q1 2025)
- the same quarter in the prior year (Q2 2024)
Because NOI values are missing, the NOI growth rate—whether quarter‑over‑quarter (Q2 2025 vs. Q1 2025) or year‑over‑year (Q2 2025 vs. Q2 2024)—cannot be calculated from the information you’ve shared.
What you would need to compute the NOI growth rates
| Period | NOI (in $) | Calculation needed |
|---|---|---|
| Q2 2025 (current) | NOIQ22025 | – |
| Q1 2025 (previous quarter) | NOIQ12025 | Quarter‑over‑quarter growth = (NOIQ22025 − NOIQ12025) ÷ NOIQ12025 |
| Q2 2024 (same quarter prior year) | NOIQ22024 | Year‑over‑year growth = (NOIQ22025 − NOIQ22024) ÷ NOIQ22024 |
If the press release (or a more complete earnings release) provides those three NOI numbers, you can plug them into the formulas above to obtain the percentage changes.
How to proceed
- Locate the full earnings release – The complete press release typically includes a “Financial Highlights” or “Operating Results” table that lists NOI for the quarter, the prior quarter, and the prior year’s comparable quarter.
- Extract the NOI values – Note the exact dollar amounts (or the “NOI per square foot” metric, if that’s how the REIT reports it).
- Apply the formulas – Use the percentages shown in the table (if provided) or calculate them manually with the formulas above.
If you can supply the missing NOI figures, I’ll be happy to compute the growth rates for you. Otherwise, the answer must remain “cannot be determined from the current information.”