The company increased its same-property net operating income (NOI) by 5.4% in the third quarter supported by its productive leasing and average embedded rent escalators of 2.7%, which are above-average relative to those of its net lease peers. LXP?s stabilized industrial portfolio was only 93.2% leased over this period, though this figure includes completed development projects that are not yet leased, excluding these projects it was 99.3% leased. We expect the company's occupancy will remain near current levels, supported by good demand for industrial properties, despite some pressure from known move-outs. During the third quarter, the company placed two speculative projects in service, including a 250,000 square feet project in Ohio and the remaining 81,000 square feet of a project
