in XXXX. Beginning income $X.X available the a of shareholders and $XXX,XXX quarter quarter net Farrell was net everyone. to good first of morning, update Thanks, first our with common loss million, performance from up
year XX.X% per QX QX the higher first FFO $XX During QX was grew core from XX.X% XXXX. FFO million $X.XX, $XX.X last million, up during per quarter, to $X.XX share in Core share. than at
first quarter changed we core so of with our more definition our year, the this consistent earlier highlighted that we norms. during definition industry FFO As is
of and financial costs. this this updated Our of all includes and deferred definition now stock periods amortization statements in the impact supplements compensation of our of with To expense to definition. transition, historical follow core the the new we've help FFO financing
in by to occupancy was higher property by basis points X.X%. X.X% operating quarter growth revenue increase and average Turning driven in rental same This NOI was of growth average growth store of rates. driven first results. X.X%, our XXX the
see we X.X% our the continued they the points While those deem value Again, year, of last a to amounts of this extended With with the collected basis billings. includes driven be is incremental increase collections, non amounts we XXX in for have Today, our strong to average add by first quarter for uncollectible. NOI a this and value Consistent NOI quarter evaluated did bad for first as uncollected store growth of and rental X.X% growth we last rates regard same have and moratoriums. communities. for we persistence XX.X% communities, recorded despite as collectability COVID-XX growth reserve pandemic year. eviction rent occupancy our added at debt compared to of
maintain associated million at end. today, outstanding million a debt of $X receivables we reserve of As gross quarter of dead with $X.X
result, XXXX they year debt full fiscal expense, debt XX basis bad at This with in X% which a of a points that term. expense net have arriving better our down original in of we QX. in will than near the perspective, from $XXX,XXX is revenue and we have believe the be X.XX%, when our earnings collected our From guidance Therefore, was receivable XXXX As balance revenue. an bed and reduced consistent is guidance. to updated [diff] year
expense higher insurance On first continued operating for year. the X.X% in and side, last that a real store quarter, to property since trend operating has the due taxes, same primarily expenses estate
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the If QX you remove to XXXX is QX expenses, these G&A in increase XXXX one X.X%. time from
platforms. investments technology As and we in highlighted our are making previously, we operating
our Turning approximately per million balance our was capacity to We agreement, liquidity and proceeds and as X.X additional shares $X.X common XXst, associated settlement sales issued unsecured we our that million then share facilities unrestricted these a forward In our forward will million million. of cash, of price $XX.X receive of upon through stock the a shares. weighted at into March our million aftermarket agreement credit covering million had of of sale X position under of shares we sale sheet $XX.XX of of $XXX $XXX.X stock. program our first quarter, with common entered average
of we and quarter are year. guidance outlook, first of XXXX. results With to respect our was on of IRT's QX a share, ratio Directors payout cash per XXrd. increasing our based On of XXXX represents dividend April increasing the and economic on quarterly for on visibility $X.XX AFFO the business, declared XX% dividend of Board which of paid our This during conditions a $X.XX remainder on this industry
Our amortization FFO per $X.XX and compensation I which now a $X.XX range revised range share, of to $X.XX the remind and financing will XXXX you deferred guidance for EPS is of is core share per of $X.XX a stock to for expense includes costs. diluted
now we as X%, our reflects of communities between to X.X% our up expected expect increasing same our This debt previously XXXX, to For store lower from X.XX% our bad store increase higher and average X.X%. of have than same at been been X.XX% X%, revenue NOI growth than guidance rates and expected. has updated range guided expense expected rental between and trending
to on Moving expenses.
should and increase store Our X.XX% should expectation and new controlled and controllable operating a non total projected taxes and that X% between of relative operating result expenses our X.X% same of including X%. expenses growth between in expenses, X% insurance increase X% is and our
guidance providing expectations. around volume are now Lastly, transaction we
up mentioned. We and Scott. for on XXX The does XXX turn guidance to million, of liquidity are transactions as to are Farrell, to potential pending disposition Scott? follow of year we assume FFO be an not the by volume volume million important to these I’d the $XXX earlier made of It it. million like XXXX. up ranges we as acquisitions back occur. fund that the well the the projecting is meant as call indicative we comment between ample to to a magnitude that have To see full our currently core note also that acquisition
