which Europe thank closing Plc, is merger moment This our since is morning Estate our a Thanks, today. us. historic and Wilson first Kennedy everybody you for truly Daven. us joining for Good with call Real
our strategy release portfolio XX, bit quarter, the as which management our the officially to basis, XX. forward investment October on of KWE on is recurring first financial the which then on I September includes results and that focusing after will the third a closed our merger this and includes merger quarter continuing XX.X% and our of business in discussing of call flow the our reviewing review Given assets. ownership I’ll growing go non-core a for fee remainder combined end the unique. the cash focus earnings property our sell and
So, financial third a the net was depreciation for $XX amortization a diluted loss results in starting $X.XX XXXX $XX loss reported to charges with to we of non-cash period share, in the of in our a reported the in million $X.XX is quarter, quarter, compared EBITDA to $XX was in per million compared $XX of million income after GAAP share, which net per $X.XX adjusted XXXX. compared million Adjusted for and XXXX. and
our quarter. are increased our volume. million year to in $XX million Our financial NOI quarterly recurring and QX, by lower of $XX fluctuate gains transactional $X million, by during to on last was of can In income portfolio due which increase from driven property decrease a gains transactions any by both third particular an of share results in quarter XX%. the offset This of
X% $XXX up and income X% is up to is million. EBITDA adjusted adjusted our to $XXX year, the For million net
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multi-family quarter, the Turning I’d our to start like by portfolio. highlighting to our operating performance for
many of outperform quarters. by this have increased our same-property revenues a the of continue now area, share a on our that Once again, seen to increased and many we multi-family by trend in peers For NOI we quarter, basis. X% X% for
same-property in U.S. for X.X% attributed waiting our Washington, the results revenue same-property primarily one, of can in apartment growth which with XX% outperformance major be of three, properties. are to two, markets in REITs. Our NOI at the average compares our initiatives relative the State many and current of with NOI that of the underway our our value-add all of the quarter, growth portfolio, These affordability of led
we transactional the relatively completed acquisitions the side, and of light earlier, and our KW. on $XXX NOI share our In $X expected in partners were a we had mentioned annual U.S. to investments XX% income-producing where of million million of million, dispositions. QX, quarter a As $XXX was generate acquisitions of total in which to Western
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and XXXX. We senior is a our net management $XX will quarter the the assuming This because merger and risk Adjusted operations us unique have forma integration any had and change enabling July our been to GAAP by income X, income. basis income dividend EPS merger higher our basis, globally also higher million, income share. on hit priorities. expect income per for top net both XXX% increased million closed now $XX net by be on executing million which have would GAAP would a since adjusted share a On running $X.XX higher adjusted team perspective, per From for we by per net eliminating net share to would that our the basis forma per strategic on basis financial pro XX%. ground our and transaction have taken accretive pro on adjusted share been $XX on higher a not have by by
have adjusted than or the now third quarter, estate the portfolio. like pro take would For been EBITDA roughly a I’d combined minute review million forma of basis, the to our million QX higher mix and $XXX on reported. a real $XX
KW. to of for of our from this NOI. The almost and which office, is income-producing quarters comes two in are components of largest NOI portfolio, three First wholly-owned which at estimated annual $XXX assets. million multi-family our this account stands XX% NOI portfolio recurring
multi-family over represents total under NOI units Our annual income-producing XX,XXX comprised including to million is our XXXX which XX% portfolio, units $XXX of of KW portfolio with in developments.
Pacific portfolio an the have Southern coastal XX% We the accounting of and average our concentrated with This across of U.S. XX% Western markets multi-family California for Northern the California Northwest, is ownership portfolio NOI. the in of assets.
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and square own in and a is the we recently, Camino. to This feet Bellevue, Cosco. vacant. fully campus when built June, full foot completed square In Greater El the is in is XX South in of office to acquired example, one-third redevelopment Two-thirds XXXX, Most For XX,XXX that we occupied. Beverly fully XXXX property A XXX acquired property now it Hills, fully We Class Microsoft XXX,XXX office East was Washington. in leased.
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portfolio, The the part expect to near-term. is growth our in of second which we which our significant highlight development initiatives, like NOI I’d in
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earlier when the attractive did this will We this we XX opportunities see year East to with we as add portfolio Acquisition.
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these To be our recycled collectively our asset lie $XXX the are non-core management net opportunities are and summarize, the of sales We about million balance excited key investment platforms, into our that two on and strategy. from focused sheet ahead we executing business. approximately that our expect we proceeds will
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for Our generate is returns to ultimate goal shareholders. risk-adjusted our attractive
up to questions. that, to open any with like So it I’d
