everyone. morning and good Thank you, Chris,
we team commentary, including transactional our balance our demonstrating will and delivered strong with to close Babb, quarter Chris, highlights Chief financial provide MacDonald, sheet details. and you with quarter, operational Officer; Acquisitions accomplishments Ruddy, the and strategic me today key on our will are remarks Jordan addition first Ryan some markets Officer. executive revenue achieving capital the Ryan members strategic and my growth, In reported across and Officer; from last initiatives, each We accomplishments investment Investment key Chief a renovations afterwards focus markets. and several quarter, President in this in Chief where Jim same-store growth on year Operating thesis I X% prove knowledge of our of from similarly Building in including X.X% economy With year over momentum out assets NOI accretive we a our prior year same-store growth external multi-family began of way. operational growth growth. value-add industry-leading of investing our we're industry-leading outperformance, of amenitized strong and highly continuing NOI to the
investments, on We source continue growth in and continue to of program. opportunities unlock embedded a our to our development renovation operating through executed we attractive as combination the value and also portfolio,
figures with $X.XX prior share to GAAP start our a the net which loss a quarter year per year $X.XX the for and loss to quarter. net common, I for for of non-cash was quarter items, the have of including compared We a that include share will But expense $X.XX amortization respectively. as periods share $X.XX to note and prior and current depreciation the
with strong healthy reflects On year growth million the investment year million our same-store the $XX.X produced to prior performance. the significant activity quarter along first front, the in we revenue $XX.X period, in a from throughout which XX%
X% $XX.X property NOI and period. XX% to margin to a going on cost Same-store prior tight points resulting of on in expansion. prior is the lid Ryan million strong provide quarter you additional with in NOI grew XXX Moving we very his while basis level -- in year revenue control kept year quarter property versus grew tight X.X% million a the $XX remarks. for to the from results, and we the in detail period, respectively on
with FFO to due an $X.XX which year interest of XXXX. share during of the of half was we of unfavorable first quarter, the non-cash performance. items in believe operating it's NAREIT'ed On we non-operating have measure most the FFO we to quarter funds add compared share, our the FFO from back representative flat prior in operations first simply which comp, the per expense core Core $X.XX front, the and per is achieved
a our and a delivered $XX.XX, of piece during allocation significant the in we allocation average at to which the it on represents to of view estimates price the FFO ratio discount a making XX% an We repurchased measured million also We quarter. over stock Shifting dividend payout of core with NAV. time. as look process of capital of an quarter, strong common $X.X coverage capital we utilize important to buybacks basis totaling decision
prior billion. the to continue period for We our $X from to were the year XX% up quarter asset grow over assets base. Gross
$XX During the on. invested will across which provide Ryan investments, we two also detail equity approximately quarter, million BRG in additional
Moving markets. to capital
million raised $XX preferred a from During it Series of the we has Series The for quarter the BRG to stock. advantage sales B pricing. because us unique through of equity our cyclicality first grow decoupled allows accretively REIT B
had So we into and were traded cycle discounts, future a including B at BRG pricing were favorable accelerating at a on interest date like conversion where many raise more rates a with of at we able future part equity we growth to in REIT common market REITs -- at price. where significant the Series XXXX capital the
baseline quarterly first Series for year. rate be that expect of B We run raise quarter reflective will the the
believe growth shareholder value. we ahead, levers as we positioned are multiple we to with continue uniquely delivering Finally, look
growth allow organic in selection economy of communities right will our and quarter. growth us knowledge market terms right industry-leading asset terms amenitized live/work/play same-store our this the highly as of seen strong believe well-located deliver picking and our markets in in the revenue assembling growth we to First, NOI selection
an attractive value-add enhance inception which our to anticipate renovated being is through at very to of the returns. ROI we've solid Second, date, X,XXX average over we units delivering program, From upgrade organic growth to XX%. able continue
by exceeds that could dollars. Our future renovation NAV pipeline identified multiple X,XXX and alone grow our units
to stock our not to relative is least, but of about and year largest to look shareholders on excited quarters. like XX% look to ownership forward basis. of continue the we is have will in With buybacks the network. guidance of accretive where against growth review our robust to on which of external through forward the the fourth, as delivering our periods And Ryan. we NAV creating a capital we allocation stock of currently additional fully with issuance management that, call are Series of through opportunities method through underlying in the at value Ryan? company. growing to BRG the we preferred to diluted and unique We an underlying and acquisitions future attractive approximately Third, the ahead sourcing continue potential for them our B find Last accretive I'd pipeline equity NAV attractive upside reporting believe Bluerock in turn over a
