| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 16, 2026 | 7/12 | 3 high, 3 medium flags | 1 | 0 | Call sheet → |
| Q1'26 | April 16, 2026 | 9/12 | 4 medium, 2 low flags | 4 | 1 | Call sheet → |
| Q4'25 | January 21, 2026 | 9/12 | 3 medium, 3 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Exceeded | Deliver $1.3 B of data‑center builds in Q1 (planned) Q2 disclosed a 260 MW build‑to‑suit campus with $800 M investment, pushing total data‑center starts YTD to $2.1 B, well above the Q1 target |
| Q1'26 | Delivered | Southern California to lag overall market by 2-3 quarters Still improving but with modest vacancy increases as expected |
| Q1'26 | Delivered | Market rent growth to emerge 'over the course of the year' First quarterly increase in 2.5 years achieved |
| Q1'26 | Exceeded | Net effective same-store growth 4.25% to 5.25% Raised to 4.75% to 5.5% based on occupancy outperformance |
| Q1'26 | Pending | $4-5B development starts with 40% data centers Raised to $4.5-5.5B range, maintaining data center allocation |
| Q1'26 | Exceeded | Average occupancy 94.75% to 95.75% for 2026 Raised to 95% to 95.75% after Q1 outperformance |
| Q1'26 | Missed | Data center vehicle formation with global investors in coming weeks and months Still in evaluation phase with 'multiple options' but no definitive timeline |
| Q4'25 | Delivered | Same-store growth 4.25-4.75% net effective Came in at 4.8% for full year, top of range |
| Q4'25 | Delivered | More on new strategic capital vehicles in Q4 Announced CREIT IPO and U.S. Agility Fund |
| Q4'25 | Pending | Announce handful of data center starts in coming quarters Guidance suggests Q1 starts but no specific announcements yet |
| Q4'25 | Delivered | Strong fourth quarter development starts due to specific timing $1.1B in Q4 starts as predicted |
| Q4'25 | Exceeded | Build-to-suits over half of development volume for full year Achieved 61% vs 50% target |
| Q4'25 | Exceeded | One gigawatt of solar capacity by year-end 2025 Delivered 1.1 GW, surpassing four-year-old commitment |
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