05:55 AM EDT, 05/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our price target at $60, 14.0x our 2025 FFO estimate, a slight discount to O's three-year average multiple of 14.4x given slower same-store (SS) growth with increasing operating expenses. We lower our 2025 FFO estimate by $0.06 to $4.28 and decrease 2026's by $0.09 to $4.42. O continues to invest in retail parks in the U.K. and Ireland ($4B of O's $12.5B European investments) targeting properties with well-below-market rent rates. Management is working to mark-to-market rents upon renewal and aims to attract higher-quality retailers, mentioning IKEA and Lidl specifically. O also sees negligible impact from tariffs in the near term, while rent loss of 75 bps expected in 2025 stems from recently acquired properties as tenant turnover. Q1 bad debt was only $6 million, lighter than forecasted so far this year. Vertical farming start-up Plenty recently filed for bankruptcy and O has $40 million in capital at risk with the firm, but sees it emerging from bankruptcy in late 2025.