Westwood Financial Announces Second Quarter 2025 Results

LOS ANGELES--(BUSINESS WIRE)--Westwood Financial, a leading commercial retail real estate investment firm, announced updates today on its financial and operational results for the three months ended June 30, 2025, which included:

Second Quarter 2025 Highlights

• Executed 20 new leases totaling 42,000 square feet and 20 renewals totaling 71,000 square feet
• Achieved total leased percent of 97.4% vs. 96.8% same quarter end 2024 (+60 bps)
• Achieved an inline shop leased percent of 94.5% vs. 94.6% same quarter end 2024 (-10 bps)
• Achieved total occupancy percent of 95.8% vs. 94.6% same quarter end 2024 (+120 bps)
• Comparable new rent spreads were 14.8%; renewal rent spreads were 10.5%
• Acquired one property within the Westwood Property Fund – The Shops at Stone Creek in Dallas, TX

“Upon reaching the midpoint of 2025, Westwood continues to demonstrate its operational and financial efficiency by way of strong core performance metrics. Our results are a reflection of the Company’s continued growth, strategic capital market execution and operational refinement, which ultimately underscores our commitment to delivering value to our investors and customers alike,” stated K.C. Bills, Chief Executive Officer. Westwood continues to fortify its position as a leading grocery-anchored real estate operator in the Sun Belt of the U.S., with aims to further expand its footprint via new acquisitions for its existing funds or individual syndicated partnerships. During the second quarter, the Company acquired one property for the Westwood Property Fund named The Shops at Stone Creek, an 80,599 SF, Tom Thumb grocery-anchored center in Dallas, TX. “The acquisition of Stone Creek was an excellent addition to the Westwood portfolio. Not only is the property a strong performer in one of our core growth markets, but is located in the backyard of one of our satellite offices, facilitating easier active management,” said Mr. Bills. The Company also had one disposition in the Westwood Property Fund named Wyoming Mall, a 42,236 SF, Walmart Supercenter-anchored center in Albuquerque, NM. “The sale of Wyoming Mall was a strategic capital market transaction that will be assigned to one of our open reverse 1031 exchanges. The property provided stable, consistent returns to our investors over the last 10+ years and marked a significant milestone for the Company as we have now strategically exited the New Mexico market,” added Mr. Bills. The Company also has a full pipeline of additional capital market opportunities to pursue over the coming quarters.

Continuing the momentum from last quarter, the Company continues to provide strong total leased and occupancy percentages, achieving 97.4% and 95.8%, respectively. “Westwood’s processes for acquiring and maintaining strong tenant relationships have been the key to attaining the levels of total occupancy and leasing we have reached so far in 2025. Each lease is not only accretive to the overall returns of Westwood’s portfolio, but is also competitive and attractive for tenants looking to partner with Westwood now and in the future,” stated Lauren Ball, Chief Operating Officer. “The Company also continues to incorporate additional revenue generating initiatives and ancillary income while reducing overall portfolio expenditures, resulting in enhanced returns to our bottom line,” added Mrs. Ball. The Company continues to prioritize and strengthen its relationships with all of its tenants in addition to delivering consistent, stable returns to its investors.

About Westwood Financial

Westwood Financial owns, manages, and operates 120+ high-quality shopping centers in top U.S. metropolitan markets, including Atlanta, Charlotte, Dallas, Denver, Los Angeles, Orlando, Phoenix, and Raleigh. The centers are primarily anchored by top-tier grocers and leading service and experiential-based operators. Established in 1970, Westwood Financial is headquartered in Los Angeles, with regional offices in Atlanta, Dallas, and Phoenix. More information is available at westfin.com.