NOI net point with XXXX. a income XX.X%, $XX.X per Beginning of it million a of and by was as in XXX month to in increase to with $X.XX basis was as performance to to growth monthly from the help Core update, continue QX X.X% tools quarter $X,XXX common slightly second in was in both increase line quarter quarter also identify $XX.X second million, ago. we and led everyone. FFO compared various down in morning, revenue of improved average same-store X.X%, by This IRT fraud implement was average to our debt available good in and occupancy per the happens. QX growth before to Mike, Thanks, year $XX.X rates XXXX.
Bad X.X%. million shareholders growth second driven a rental share,
XX During X.X% of QX year. was debt points bad revenue, in X% from down basis last of QX,
by expense operating X% to during due expenses.
Contract expenses the primarily as IRT the increase repair decreased expenses personnel we and as quarter. of and service operating advertising efforts expenses increased the was timing increase side, our repairs maintenance On higher the maintenance approximately as well to projects. higher occupancy quarter, in expense driven X% increased same-store This while drive X.X%
repairs months lower X expenses are last than ended, the maintenance year. For X% and
non-controllable year initial XX% our few to in progress estate in lower these than a regarding those the taxes. expected.
On what sheet, our we a full policy this and expenses Before growth premiums. a or Year-to-date, the main made now for May premiums see let for make turning in property me saw expected coverage. earlier increase in our our In XX.X% and reduction without deductibles changing year, insurance, guidance we originally notable our renewed are we we've real balance areas overall XXXX and insurance remarks expecting to
real taxes, in are For and coming we assessed we lower values. the counteract anticipated of lower values not are estate than to an assessed expecting in those benefits rates increase millage
benefits, are $XXX million year-end XX, in As completion our to as cover was a an of year. primarily plan which of of I position liquidity will improving approximately these our of balance guidance, result increase earlier this June million, a sheet, due our $XXX the we minute.
On from XXXX, our deleveraging
in our QX For X.Xx from due to deleveraging X.Xx last QX of year, our XXXX, was benefits the strategy. leverage again, down from
year. We net debt are of EBITDA on this Xx at to in target to approximately be still QX adjusted
We with X% year-end million in XXXX in maturing $XX.X through maturities XXXX. about our have debt of only
debt of rate for hedges fixed converted debt, with recycling legacy We we fixed that X.X%. hedged.
In $XX.X XX have capital with June also an in Birmingham XX Steadfast of at our place on have is our XXX% rate connection and/or to asset our gross program, in a effectively million price a July cap rate sold floating economic such sales that adequate debt
are the on half to XXXX Scott year mentioned We portfolio, use third of as Tampa economic This half a adding first sale respect our exposure full proceeds of to year the making midpoint cap updates blended as We on our XXXX. full basis our as occupancy growth.
The profile, of per rate prior midpoint exchange share an which the compared follows. performance guidance the X.X%, same-store of per based at The metrics to we growth recycling year-to-date to FFO This operating year. capital year range the lower to expect per rate we particular, now by reduce share share growth FFO this of The the by $X.XX property in from guidance of adjustments at FFO growth increasing expectations higher expect will for market a our full the due in In for XXXX retention our year of EPS points same-store resident XX Tampa transaction core in our part for to outlook, X% guidance a during attractive experienced core improving an XXXX. core guidance. of now NOI $X.XX our XXXX are is and midpoint. is and share driven earlier.
With our acquire the X.X%. per to our revenue as the are higher focus midpoint to while some by we've reduces this quarter we and rental second is Birmingham with
taxes to our we rate in half insurance reflects of XX.X% X.X%.
With mentioned. growth view reductions of have now an and blended previously revised operating of second to the and estate guidance of same-store average For more a primarily I revenue real the due rental XXXX, midpoint property favorable the expenses, that regards a occupancy
guidance at the are having X.X%. is Controllable be result total This to resident expected better also for turnover midpoint lower repairs range now have of previous XXXX full expense X% compares as and guidance revised costs Our we retention. seen a operating year as to midpoint. our growth operating of expenses lower
full the on last the of That expect As top previous multifamily in highest growth same-store in achieved midpoint. one of changes, NOI that property the is and these XXXX at increase will IRT X.X% at the within X.X% This X.X% our of a result than peer be year. is expectation year guidance XX% we higher our of midpoint. for the group is the
year our lowering interest of expect to now $XX.X we guidance our million the updates are midpoint. at full outlook, and other the end our high Regarding expense
was reflects mentioned earlier volume, acquire X third property Tampa guided the range we previously sales. For volume acquisition while of of quarter, million the to now $XX finalization reflect expect we which the $XX to plan a in disposition million property year, in that for adjusted the to
each our reflecting retention down CapEx development initially be than it. million, midpoint, guidance, from Lastly, for including $XX other remain year we are at reducing resident to guidance value-add higher to and to fewer and due Back unchanged.
Scott, units to recurring All this million range you. $XX non-recurring CapEx the expected that's renovated rates.
