Question · Q2 2025
Samuel A.A. Ohiomah from Deutsche Bank asked for a comparison of realized synergies from the PRO integration against the initial expectations.
Answer
President & CEO David Cramer clarified that while cost synergies like payroll and G&A savings were realized as planned, the anticipated revenue and NOI synergies have been slower to materialize. This delay is attributed to the time required for rebranding efforts and persistent challenging conditions in the markets where the PRO assets are concentrated.
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