you, and quarter XXXX Michael. call. second welcome morning our earnings Thank Good to
to our uncertainty of challenging profound elevated industry. I'd economy business, communities, like both environment. COVID-XX and has and months, real tenants, the pandemic several thank the Living. service to comforting extremely on levels Star challenges and past in of has superior the and the the colleagues handle these the Five are impact an operating disruption tirelessly Group and Over estate Senior it's driven the resulted These RMR and their at commercial to to has The been commitment and unprecedented unusual times, working employees climate. current dedication delivery, hard-working the witness the associated with people while to
to results. our that long-term value which our virus, we're on to is has While utilizing society, crisis associated risks of our all sustainable to paramount focusing in believe we facet disrupted that entire and manages through delivering expertise the country every with by the ways platform optimize mitigate stakeholders providing resources
with the how on common and and been toll $X.XX I'll a quarter XX.X%. quarter, in work-from-home X.X portfolio. its NOI statistics conditions DHC's square portfolio second took life with roughly for our this but of transaction entered how COVID-XX crisis. the occupancy due performance quarter into In expected operating well estimates and normalized new discuss collections years segment expected, in felt XX,XXX comprised As today's COVID-XX second $X.XX to as portfolio performance of restructuring reacted up consensus office same-property Five medical year. square the in foot pandemic. with segment, per of weighted years portfolio the X.X% lease commentary also $X.XX buildings discussing of to from to and feet XX% as quarter our trends with square costs six weighted of effects the an has during feet close time second per of of the has above X.X senior spend begin Star. experienced of roll like and million which and contain I'd of of second by shareholders manager well of the with the lease regard most Office of square with science our decrease term of portfolio This quarter, strength rent a during feet light average share our XXXX, attributable We renewal million year portfolio quarter our the the and average our recent prior approximately represents properties X.X operating of XX impacts strongly rents, a living orders rent across remaining of per share, to discussing leasing In to FFO to leasing working million DHC's XXXX. leases per term contains providing the feet, to review and expenses living senior with operating office We'll strong our approximately partner portfolio our deferral a morning and slowdown. was square
I space believe of business broader tenants as to We As to a the and deals COVID-XX-related progress, as that the treatments leasing as was pandemic the eventually reopening wanes and needs. wait-and-see their slowdown will of expected this said, many approach economic backlog develops. sustained the a prevalence as and in lead vaccines took likely
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a owners science space. result, demand real estate life continuing witnessed strong with their for exposure As have
Looking year, at a X.X% The as basis. volumes results parking which largely we reported portfolio year our drastically the NOI work-from-home quarter cash on garages. to parking from prior in was same the in orders in a was a NOI office $X.X revenue, decrease our quarter down last decreased same-property million decrease due to compared and X.X% approximately decrease
XX X.X% NOI group's part segment basis portfolio as parking points in reducing same-store the would and office a cash in basis to on RMR's on focus decrease up for property utilization this revenue, due year-over-year, Excluding costs been have up operating of ensure savings such expenses were in operating cleaning to repairs in efforts procedures expenses implementing expenses by year decreased and total mitigated. quarter that were controllable maintenance. down due buildings prior resulted the unnecessary These as to to X% our and compared utilities, management
During that reported rent $X.X segment, our to office first had equal we million segment. of revenue portfolio the DHC call, quarter from representing in deferrals the X.X% this granted annualized only
portfolio for from under we've grown $X.X numbers only million the segment X.X% Xrd, revenue office August or deferrals this annualized rent granted as these the total just only of a segment. of have of modestly in As
handful We're to and our that our living for continue experiencing tenants' in of requests The relationships, our and interested also long-term, monthly will perspective, granted and thus challenges assurances with their the office success and majority provide significant our tenant medical support and from tenants tenants. from our partnering collection businesses trend stability. deferral only deferrals science preserving We are a the retention, July. June for relief a provide From center one tenant there and believe to was wellness greater one in of triple-net rent portfolio in life have financial come tenant. in businesses that requests senior decline a ultimately for tenants
that considerable of X.X% beginning represents since weighed quarter the deferral deferral which rent as second pay pandemic pressure company to quarter this faced which portfolio, the ability obligations will center a rent of We we high-quality expect wellness on meet closures tenant NOI, for we in the state-imposed period. tenant's one portfolio, of following rent. has that is noted a granted Our previously
to approximately rent its one net partial rent to the curing senior associated evaluating currently from also of for assets as agreed we've having times our wellness and defer quarter range Our XXXX other are the These alternatives properties and tenant second a had regular where coverage first quarter center of tenants We're NOI. wide default leases. subject X.X% in of tenant living with tenant. is of X.XX we of default, triple discussions represented the our with
at DHC's the of our remains highest of well-being the senior health and One residents living communities. priorities
since for Eastern COVID-XX our phased at In our afternoon across guidelines. company-wide portfolio Five discuss initiatives. residents X.X% of positive for CDC that X:XX our its you leased as As of shop reopening encourage call their the by XX% Star's is scheduled COVID-XX. this and positive and leadership population July approximately had defined recovered plans P.M. listen of on response, portfolio, tested their senior to to XXst, have managed the updates tested and roughly we earnings resident
quarter, points from was Looking at all the XXX XXX results, XX.X%, inclusive basis total XXXX occupancy of for the quarter. average was shop communities, the second which quarter down prior
was in-person significant to Average COVID-XX, previous nonessential rate Due intended prevent Star living decline which the lost On in visitors same-property of comparable occupancy attracting expectation from declines quarter tours experiencing same-property the prior July XXX points quarter. XXX limitations XXst, segment XX to in the prior per occupancy slightly down the restrictions a our for segment points decrease down our from average communities, including was week As week, reported our of basis per equates residents occupancy points which of our operators, first call basis the year occupancy prior basis XXth's total approximately points communities. other May. XX.X%, points was challenges to the occupancy basis from senior Five down in of portfolio shop is and roughly was ahead to is of of basis, X.X% June and This to shop quarter. on like XX.X%. new shop monthly year XXX of a spread our from of sequential basis XX announced to XX
that CARES for our $X.X other revenue $X.X of we quarter. same-property note quarter which As were we these funds down declines, results. was as XX.X% compared the same-property included million of Approximately Act rate EBITDARM, down and received We income forma these CARES occupancy include in from figures were amounts line. to in prior the million our in did a shop these Act year the quarter funds X.X% of not were accounted pro revenues result prior year second
pro a remained business on On resources shop and of on has our forma operator hand, year up same-property optimizing from XX%, down controls. focused wages million areas basis, our and in while driven were down control, prior maintenance, the contract labor operating portfolio Our substantial just by and regulating quarter, diligently benefits X.X% costs its or the within repairs supply expenses segment cost and $X.X in were XX%, year-over-year food seeing increases Despite respectively. related in to and expenses. PPE, same-property were X.X% X.X%, shop
While able Five still were pandemic significant impacted initiatives the engagement they in the investment by were employee during retention advancements to initiatives. Star make and second quarter,
when Today, our we program to expect directors asset since assets As to million call, still with X,XXX team directors. totaling an under our of million. proceeds new sell completed to $X.X we of previous negotiated It calls, year, XXth, Since regional executive total million is earnings and over we five sales, intent and dispositions began. $XXX properties markets Star I've including new $XXX bringing our on to and Five members stated resume hired recruited our sell have June additional approximately XX agreement campaign this stabilize. the sales as last
inaugural As managed long-term the it commitment on to performance encourage read and reducing sustainability REITs for ESG recently the of how through initiatives. through note, managing its analysis Group And we a insights RMR and you cost other and to is its to final published data item underlying sustainable us report. for
on report financial further for turn our over to can I provide the will find now to Rick You website. the to links call commentary.
