and measures their Houston communities two are undergoing which The up my renovation that two Hurricane after and insurance Kim, include significant In by morning you, communities everyone. restored lease conversion. our our since the exclude Thank to interruption non-GAAP impacted discuss remarks, I'll non-GAAP continue Harvey, economic good measures business loss.
communities the statistical the the measures would lease measures we include these results including they exclude However, Houston since less two in are up the meaningful. them make that only in and of release statistical
expect of in product, As time, $XXX.X we're focus results million or the our morning, operational million This $X.X In to performance consolidated focused we in over suit. were of quarter our revenue. a this improving of total of is quality for talent Kim follow our and second resulting on improvements in the noted, XXXX, of already financial we of our release quarter a revenues second XXXX. decrease the and X.X%
of community items to that incremental XXXX as online second impacted in came the nominal two which year-over-year. The X these by as decrease by Indiana as as quarter occupancy is financial Hurricane July Harvey, rent in average of to Declines from on in of May sale revenue Kokomo well the XXXX. related the increase offset well a lower are related back partially communities
XXXX and totaled residents X% in year, to as XXXX. in second interruption XXXX communities the the months The to $XX.X $XXX,XXX lesser being Both of the of in in increased Operating than of second million these greater quarter admitting quarter expenses operation. was July the in $XXX,XXX. reimbursements or approximately I of for are Our began progress. which communities, were XXXX. compared our interruption XXXX two communities including operating of a expenses business as July second That of making mentioned credit ended steady $X.X XX quarter $X.X million two after hurricane-impacted at business million prior
second $X.X for $X.X expenses of XXXX were XXXX. administrative and to million quarter compared of the the in quarter second million General
separation approximately The XXXX former placement second and in associated our COO. included CEO cost with quarter of $XXX,XXX
as expense other as $X.X second years, mostly accruals to compared to percentage million XXXX. of related the Excluding management in quarter same health these claim quarter a periods. and revenue XXXX, initiatives the between our was and of of in bonus personnel transaction XXXX, the from XXXX, G&A of both G&A second as differences approximately costs second the expense, two quarter the first of in increased in the investments X.X% higher in quarter under
compared adjusted second Our quarter the million to year. last second was XXXX in the in million $XX.X $XX of of EBITDAR quarter
second Our $X.X of adjusted compared second million $XX.X million in quarter year. in of XXXX CFFO the quarter last the was to
XXXX. X, XXXX adoption $XXX,XXX related accounting quarter new effective approximately of to of which CFFO a was the the Our lease for to net the CFFO January included impact second negative of standard
basis our on year, to $X.XX million were to if or So, comparable the the was a one share. prior do $X.X math, CFFO per
accounted of expense new rent requires expense quarterly association resulted And negative with we which leases, of accounting that financing a in lease classification operating from to approximately standard X $XXX,XXX was increased in financing impact $XXX,XXX our their change, by $XXX,XXX. resulting reassess that leases net our leases. for The interest as the to was quarterly CFFO in approximately previously change and of reduced by leases
at community to from points compared quarter on X.X% average And results, a basis basis of XXX X.X% was in revenues declined points first same of a XX.X%. compared The decline Looking of same quarter our XXXX. basis to second second prior had community the as the community same year. monthly modest quarter of rent sequential XX XXXX. occupancy the with increase as We decreased the
the based of There our position local the in those XXXX of second were markets, performance community portfolio demand variations teams. the the markets competitive our and in execution in on dynamics supply across in quarter occupancy our
XX communities XX%. the above of greater below second XX%. with That leaves XX% with of occupancy of XX XX XXXX our occupancy communities XXX or of had quarter those in
XXX Omaha in occupancy looking second at the XXXX. which XX.X% communities the of is And points our continue spot, healthy rate variation increase XXXX achieving be markets, very quarter of across of an quarter the second to bright basis performance four in over of a in up
Antonio Dallas state underperforming well. portfolio, San largest of communities is the performing of many Texas are areas market overall our and but notably our in Texas, other In our Houston
to first Our XX sequential in second XXX the points a the of basis from Dallas of declined quarter XXXX on XXXX. basis quarter communities
And San in X in on hurricane-impacted X X our our XXX sequential Antonio excluding a at basis. XX.X%. communities basis communities However at increased was the our points occupancy occupancy Houston, very a then healthy, communities
of less was in points considerably XX our than Indiana sequential basis decline occupancy X sequential both The overall largest portfolio our of points. other decline and states XX basis Ohio
Carolina, Among occupancy from were, the North other in our South states with most Virginia. challenging perspective sequential Carolina Florida, and multiple quarter states communities a second
communities increased of note, XXXX a a South sequential XX.X% in XXX our In the which basis X quarter from secondary of performance was second in notable X at in occupancy Spartanburg, basis. our increased on another to occupancy positive community in in first points XXXX. XX.X% Carolina quarter Missouri And the market
controls. continue to expense We maintain good
quarter Our same increased of community XXXX expenses the in second X.X%.
in Our employee quarter our we February of labor only second workforce second year. to in of in of rightsizing this increased versus quarter the our XXXX completed the X.X% part cost due that across of XXXX large field operations the
second the to the quarter cost of million. did year. contract increasing Including our we see quarter the expense labor, X.X% second quarter labor in However, $X.X as contract labor XXXX our prior compared of second XXXX an over of increase the in increased
at number these we that helping better attract down for adjustments communities labor saw to wage the contract quarter pressure wage result And is as the made caregivers in second have progressed. a which come significant us We've a most markets. as
X.X% utilities X.X% decreased food over quarter cost the year. and increased in Our second of our quarter cost the last large other category second only
the decreased Our in the to quarter X.X% XXXX. net second operating XXXX as same of second income quarter community of compared
Looking with equivalents and including cash quarter sheet, the $XX.X of briefly ended balance million cash. cash restricted the at we
quarter, $X.X on During we second the capital spent expenditures. million
fixed balance At variable expect debt and and $XXX active Of interest million that a have debt in for bridge XXXX the average at at at both for and $XX options bridge loans matures loans, in of in debt bridge regarding lenders of two interest million mortgage rates extensions bridge loan XX, discussions totaled XX, million master long-term Our related two June our are of XXXX. $XX that bridge We're was under approximately certain was October our matures loans. majority with that bridge rate X.X%. considering of we the million current $XX assets June approximately and/or are the weighted credit loans facility. $XX XXXX a that financing part to July permanent rate million
May $X noted on proceeds closed sale generated in Kokomo, As our Indiana previously, X the community of million a net which cash for of I we about million, at in on $X.X price us.
including the strengthen our part foundation refinancing our existing a We of our of effort ongoing and various considering of are number and in as of engaged optimize activities limited financial to owned certain portfolio, the divestiture assets assets.
performance experienced considerable of results operating reflect We second declines XXXX with expect to our and the of in still our the of operating financial half we've resulting in the pleased of second occupancy from communities, financial the results to of about but work year, half. half of half other a the have first the and lower year than first in the the the amount We're half half do. in
in sense create a stabilize our We're for on and invest growth the in ahead. focus and the to Our environment as that to stronger expect timing operations, in platform actions for year urgency half remains drive tremendous challenging. remain an years of will we of the second of the but continuing we results, can't a with that predict performance improved these operating particularly
Now, I'll back to turn it Kim. over
