Terrafina reported unaudited operating and earnings results for the third quarter ended September 30, 2014. For the quarter, the company's occupancy rate at September 30, 2014, was 91.4%, a 24 basis points increase compared to second quarter of 2014. The retention rate up to September 30, 2014 was 93.0%, an increase of 11 percentage points compared to second quarter of 2014.

For the quarter, rental revenues reached $33.2 million, an increase of 1.9% or $0.6 million compared to second quarter of 2014. NOI was $32.6 million, an increase of 4.4% or $1.4 million compared to second quarter of 2014. EBITDA reached $28.9 million. Adjusted funds for operations (AFFO) reached $18.6 million.

The company reaffirmed its $125 million NOI guidance for 2014. Considering expected NOI of $125 million for 2014.