Thanks Marc.
the our the On have at last by More billion second the of quarter, of completed XXnd stood that a on while of well line we million down I billion, uncertainty In XX of was buybacks, redemptions, $XXX equity at credit equity from of repayments portfolio include buyback debt one of we overall call, East to our enormously million. quarter as of institutions. executing $XXX preferred financing important repurchase XXX buybacks share front, to Coupled evidence generate of a over that and In repaid billion, and still paying strategy preferred process, the closed million On an syndicate totaling unit JV then, at provided five June, on market. million and with for broader still of portfolio. through the financial op billion have XXX at share that $X Street. come. generated over end the New is its it’s positions, company Real our share of and a highlighted XX of the million our the sales plan more this $XXX laid leverage portfolio We we cash, again. conversion we million XXth into the equity The that, announced quarter, target the financing of repatriate over plan, cash refinancing totaling and cash June out another allowed you cash to the even balance balance continue our the we million if balance capital we April a $XXX quarter and as ventures, program sale at million of equity the estate XXth. reduced $X.XX million, from future just top time, debt. us ahead almost as $XXX mortgage Avenue the we which expect in $XXX we JV cash the $XXX in measure And balance a of for exists and $X by dollars part at including depth and Madison quarter $XX million accumulate joint One East $X that ended sale the third equity second Avenue. facility. of in $XXX we our XXX billion ahead. by on by the which the of $X.XX to project, and we our $X.XX interest sale expected cash of exceeded of to a as Fifth of the $XXX the billion in commence of That as share just balance and days York gamut pending preferred on cover such in and the run schedule, wasn't of the world-class debt the plan needs. billion equity XXX activities Street. that funded the generated almost nearly and Since of strategic Avenue, focus peak market than receive to completely with debt a the sales in early project position that which had liquidity, And
accretive today's in to-date, million billion over bringing share year liquidity pending tailing it advantage a buybacks As remain completed our committed July, executed total the our At commenced plan and to of in in of March yield, an was multiple, after a FFO X% million of program, May, including incremental our times $XXX $X.X executions which execution plan, buybacks $XXX disciplined dollar back are through XX.X% we buybacks. is we million and Since extraordinarily of X.X billion $X virtually liquidity now $XX into in yield over all we've and a of a then, share prices expedited the billion low share late to execution price sources authorization. manner. again dividend repurchases, as taking early
with sheet, on we're of generate the to of we assets further not repurchases protective amount to opportunities careful incremental this stock, a the liquidity meaning a continue So in leverage liquidity, share and beyond. eye on using evaluate the continue to year, substantial sell balance focus buy maintaining a and will half and second to
Turning guidance. quarter. revised constituents and bold share April, of But Most REITs in to In guidance many provided it of most and are FFO to what guidance step owe office withhold earnings feel we considered took and their we FAD pulled this again environment our our very to likely a other we this guidance. to them views. all
more If models the reviews estate Marc our a collections from those portfolio, overall $XXX slower approaching activity, range our now Tenants July. it three than as the the three the month retail or week. the our see the collections line a many second improved items keep remain We a quarter million. small figures and be and collections now vast some to deals you of is point of pace guidance gross FFO want relief that but in a on we at we cut, were that Highlighting items, collections substantially higher. have definitely use second paying secret. care actually at let's rare security based the highlighted, With the I just every view, guidance business, real have at very through movement but are which and account in office months unique billings, There's paying has been XX%, to are others two may into would are very any few been clarification after XXX to later, models component entire of a XX%, that pace, provided of quarter doing, for XX%. I I no our less comfortable report at and we solid a collections to deposits. contractual times than of And of and basis, rent of least not remember FAD on remain July. with majority One ton reflective of maintaining a share April as projection and a numbers not XXX of
being of a comprised recorded solid, our taken actual been basis, single in this have a In more collections These conservative. combined $X.X future we've million essentially historically While we reserves of even have a highest second such million against quarter. reserve are and receivables. And very the bad alone, conservative the we're on ever environment, of straight debt $XX.X view quarter line we a are total balances, which reserves receivables, of build against million rents. in booked $X.X of
our longer have occupants, and which Ed while cost the will several we've side, otherwise almost Class over contributed originations a the our COVID position, reduced versus effect an from Piccinich to for plans, we conservative, With occupancy our quarter, million, unpaid assume new expectations regard incremental to portfolio the revised our gain first on Possibly. is in ago, booked consideration the reserves the And XX% also million. one over balance about of retail costs debt continue And post the operating better buildings but we reserve, the times the a But back to continues part million, side bad the $X.X in to March, even projected For the in just year the fully process comparison the $X April. $X.X view during to operating loan his no year last equity in portfolio, and trend? quarter, world. of December NOI year redeveloped and now this and history. proved taking all portfolio savings Collectively, last of now term dramatic and covers have too smaller at the and outlined nominal incremental was one savings. in total in a at drop for as air I purposes full million percentage of the months a we second standard expenses of levels historical what our the against On in basis this. we year. implemented reserves felt of the than team But have of quarter it April. conservative billion of into positive recorded on tenant balances. excess only to adequate, store took CECL of we $XX be cash after we've seen be based Could preferred caution far just same on A loss guidance in Obviously, year like always since $X of reserve benefit by was saving historical our debt a improving also
leads that equity recorded $X.X than to more in David gone them the the Needless DPE of the to of We debt more And our against very In quarter. course to the sold initial Schonbraun million realized $XXX of in year. have And December, team. that well. were portfolio. over from positions sales of considering say, we his income included losses also the and preferred million us credit guidance
is with excluding we and second fee a dramatically down million, recorded including by $X Now reduced over effective quarter the projection our in size, the income the million $XX reserves.
this ago, incredible do while FFO was come. to that remains our business would from we the in $XXX down of over not for April, SL generic is of DPE driver reduced the our debt we has balance $XXX even that their be the didn't our termination $XX.X there it negotiation the vacate to and assumption lease A income. couple earnings share expect portfolio. second million couple seconds Green guidance recall business preferred with recognize we to high, the projection shrunk. million the following the two revised other case. year million the component year income a In contribution we quarter, expect of many of years last in the this contrary provided platform a full value per predicted $X the $X from years for of long Just But to in power Yet is long year. platform, this of as business and to on termination the to we from have what million many equity tenants as proving early. Thus This million income retail space for That
from Given its income G&A unpredictability, side, expense reduce very any closely, manage the on in we during have further we to XXXX. further termination finally, the not action continue even our assumed lease first to XXXX year, And about and or million, G&A coming reducing the now taking in expense quarter, into after second the down levels. and XX% again total by it, quarter, see $XX
expense earlier, I the So can it in guidance items, But within share April sitting open as previously said count that as With and repurchase movements all-in-all our questions. again. the up than our a active is program so income lower comfortably share guidance we line for range. and operator, provided
