Core Plus Fund II – Q3 2026 Financial Results – NOI Above Forecast By 13% (T12)
Dear Investors,
On a T12 basis as of September 30, 2026, Net Operating Income exceeded our forecast by 13%.
Fund II experienced a NOI margin of 79% and NOI less CapEx as a % of revenue of 74%, with both metrics tracking well above expectations.
Due to strong cash flow generation, our liquidity position is 18% above our forecast.
A video walkthrough of the Q3 2026 financial results can be found here:
Please don't hesitate to reach out if you have any questions or would like to discuss.
Best regards,
Matt Sinclair
Founder, Chief Executive Officer