Prairieview Industrial delivered strong Q3 results with revenue of $18.4M, exceeding prior quarter by 12%. Occupancy remains near full capacity at 97.3%, supported by two lease renewals completed in August at above-market rates. EBITDA margin expanded by 210 basis points year-over-year.
| Line Item | Q3 Actual | Q3 Budget | Variance |
|---|---|---|---|
| Base Rent | $15.2M | $14.9M | +2.0% |
| OpEx Recovery | $2.8M | $2.7M | +3.7% |
| Other Revenue | $0.4M | $0.4M | +0.0% |
| Total Revenue | $18.4M | $18.0M | +2.2% |
| Operating Expenses | $7.8M | $7.4M | -5.4% |
| Capital Expenditures | $4.3M | $3.9M | -10.3% |
| NOI | $6.3M | $6.7M | -4.0% |