Julie. Thank you,
Our throughout saw platform generated momentum XXXX. quarter that continuation the first a of our
was NOI XX.X%. basis increased year-over-year corresponding to a basis percentage driven Our growth points same-store occupancy underscoring XX.X%, retail year-over-year by point gain by a leased XXX XX in to X.X% Same-store QX retail in same-store ongoing XX.X% our time. our occupancy on asset reduce to on rents retail call. and expected basis from last our commence year-end decreased several Sequentially, downtime following portfolio commitment to points aggregate XXX as discussed move-outs January smaller
sequentially percent upcoming smaller approach portfolio our proactive to Retail XX.X%, addressing a to XX declined leased basis points vacancies. by highlighting
lower our amount of entered the just down we GLA in significant leasing roll X/X a comparable Following of spread a blended of comp. leases, we with expiring, last renewals encompassed years our executed total, new X.X% from lease addressable With square a XXX,XXX at feet QX calendar X.X% XXXX XX.X% prior in leases X in and of of year. feet additional in of the pool that XX,XXX a X.X% square an at
we XX we roll. of leases a contractual XXX for aggregate square of rent up our In contractual basis re-leasing renewal our points from in average fourth quarter, new blended XXX for growth leases, quarter, embedded to on Further, adding XXX,XXX achieving achieved feet, the within X.X%. points spread new basis rent increases and the completed
the of the to or basis. assistance spirit transparency who other in time and that X.X% needed significant numerous long-term balance on are Following of both expire providing financial for of tenant-by-tenant quarter are tenants in or of over said, collaboration this optimization needed mutual target QX our zone, real adjustments to committed the of square should as any negotiations capital we That and success. XXX,XXX efforts, to finalize the and in human year, our GLA to be leasing our resources allocating tenants rent. a additional first is contemplated And amendments amount will allocate being approximately to spent look and pay a feet there those are who wherein just can will and deferrals
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portfolio transformation, including we and platform, data not our only the but the Throughout on assets integrity concentrated transparency. also on
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hard numbers. approximately We leases. tenants representing at April, Looking top X,XXX approximately in have outside we XX, currently X,XXX leases. And our surveyed late
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as a every experience better of stoppage pragmatically. as confident this have make negotiation of will rational effort and several to And will and team that decisions. as allocation adjacency broad-based the we our While work aspect. assets, company we the likely in patiently and this will be nature abrupt quarters, And platform I'm given long we and data from the emerge our community-centric capital take well
first the shifted early an operational dramatically in from much achieving our business March. perspective, quarter While since has
record seen in our have the tenants. We of fundamentals bifurcation
stay-at-home affected other sales deeply theaters from gyms, merchants goods closings. in the strong While have as been reductions lifestyle, soft many dramatic essential by such movie demand tenants and and our brick-and-mortar mandated the seen have
U.S. continued leases well more base the on an of elongation unknown reduction driven our as Against forward business of pipeline, as the overall by particularly seeing cautious environment in this are become viable backdrop, portion leasing attrition the absorption and and we assets retail trends our sales to extend of expect and new tenants the macro as
agreed anchor-leased continue recent overall while to real end, quarter reinforcing our inevitably square events. an estate, great Fordham our will over at inordinate X to high-quality However, footage we reduction executed more prior, on continue to from an terms that retail backfill pace given months rapid benefit belief subsequent that of assets at much were see a persevere, will and the
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balance On realize expect of with existing rate disruption. press the any modest continue Many we front, our office and for bankruptcy renewal significant successful tenants ex service a continue to at retention given of lease we year, renewals over approximately medical the to roll activity the XX% year full locations, and continue to tenants.
activity. Turning to development
Our XX. the halt neighboring approach anchor at significant driven recent of responding underscore to of Maryland the taken shadow actions demand vertical our the needs for of Carillon the project. aware We remain current this project, for redevelopment and the to pragmatic Center, We office the expansion this the plans which on as announced component serves medical environment. for of Medical our projects of March University construction our by proposed of
as However, early the environment, this stage as current of the of work development capital justify well uncertainties cost pause. our of the
to office evaluate as options well from to as continue all medical for build-out monetization our this project the will components. for We of multifamily
Turning to Loudoun.
to robust work to as retail the to this underground have performed space. office first this our activity Driven QX, and expansion of advance base time office for amenity quarter, Subsequent construction work on and we sustained well and in for leasing Northern H. the strength as began multifamily for existing as Virginia, technology of component Pads portion In well investment-related the on construction completed and the by & continue continue Pad G. as on utility budget. at we the garages foundation stick-frame We we G work infrastructure
personal QX Circle Ethan detailed signed to we leading nearly pandemic February space the call. the before Allen in service where our shop anchor providers East, for began, construction lease was COVID-XX shell small in national At during several advanced lease addition completed with negotiations
negotiations with lease While shift expect resume near and those March the business patterns intermediate course the paused climate in during business tenants we remain over in as the term. dialogue major normal line, multiple finalization goal active more the progress towards
Also, at at Southlake to million projects in at ground amount Town broke that Quarterfield million The $XX.X the quarter, smaller-scale aggregate. our $XX in and we Shoppes Square shorter-term, to
of anticipate to on-budget on-time, continue double-digit completion these pre-leased at XXX% We projects returns.
have calls we work, come and never our collaboration dedication. response last proactive aspects a team. business after While been months. platform taken team for in COVID-XX, circumstance to the all expect and our of to in hard approach prudence to This our has I pragmatism more higher unprecedented X over from seeing of experienced And and my the confidence our team
relevant our The between current competitive poised challenges real once an estate. to current in out and other real chasm deepen side Against through come this estate we of stronger the lead industry are will even and position irrelevant backdrop, as downturn. the perform high-quality facing the likely assets again
call back Steve. the to I With turn over will that,
