with Thanks, the shareholders Scott, in update. $X.XX available up our and deleveraging both and million strategy. $XX.X from quarter common performance asset portfolio good optimization year due was a $XX.X which connection FFO everyone. to $X.X sales, share, just of below in Beginning third ago per were our with and completed our to Core million, quarter morning, Net million income XXXX. third was
Xx year year-end. sales result to to adjusted also ago, to a adjusted we asset deleveraging, EBITDA remain now are to be down and a debt our these track As net we X.Xx, is net happy of report from on and at by that the debt EBITDA Xx
was rates NOI third occupancy increase average quarter month driven growth X.X%. compared same-store as $X,XXX to the and growth revenue in of to increase IRT of in both a was monthly a growth our X.X% XXXX. to average in QX This XX by point per XX.X%, rental by X.X% led basis
was the and repairs expense all primarily operating higher maintenance X.X% the we've and This were to pressures. by personnel in and offset by progress property real estate and due same-store higher continued utilities QX, during taxes these reflecting in side, the inflationary operating costs, year-over-year driven increased increases On increase declines controllable notable areas. operating expenses insurance These expenses quarter. costs in IRT to in made some
in in reduction and our premiums As insurance our property saw a changing quarter, we XX% coverage. policy last noted May renewed deductibles or our main without
is we than For lower, Site, states all State in real of which ] Florida, annually. in estate XX% taxes, assessed and values and those lower lower; reassess which X% anticipated which Indiana, is have Texas come is lower; XX% [
was $XX $XXX private of placement equity available and position of of $XXX of cash, expenses available The $XXX sheet, management September million under our all remaining our and trending under credit, liquidity guidance. our our with G&A bonds our million for are prior XX, our available comprised agreements. balance On unrestricted million our portion consistent and on line of $XXX million property million forward was as
During QX, These weighted of our life notes notes unsecured maturities. years from fully average a million repay to private X.X we proceeds $XXX used completed these and be a an of placement XXXX weighted of average debt notes. and all The inaugural X.X%. have of unsecured issued will coupon
happy are mentioned report we a flat also BBB earlier, investment-grade credit to we Scott that yesterday. As received from S&P rating
we've shareholders and cost the time XX For promise excited rating public efforts now, points bank the will This indicated source new and annually. reduce will open basis employees. some approximately bond IRT, million capital to our rating of or borrowings a markets achieve outstanding on this and effective deliver $X.X are all for to by our our to
$XX.X sales used proceeds rate $XX a sold we for program, assessment economic cap in with August million capital in cap a an at in of rate gross Tampa the the Steadfast our million X.X%. with acquire of July We X.X%. an a for Birmingham connection to property In in legacy sale asset economic price from of
cap a on approximately X% purchase properties a rate and under these also development economic is as X.X%, stabilized these are Columbus. X new blended Charlotte, in XX% price of X are currently of communities of contract and of properties We economic rate and occupied. aggregate Orlando cap approximately year blended The with $XXX X X million
our approximately outstanding XX% fourth leverage on equity forward agreements. these close expect from and quarter, the to We the coming transactions rest using in
X% follows. rate respect of for basis reduces growth we guidance as lower QX year as per per blended In we've The we which out With particular, our due and guidance. full year-to-date and to our compared occupancy full by supporting the same-store based XXXX share. our this X we performance our to to outlook, year to guidance on focus points are making our now midpoint of between operating we the close this rental by core full through adjustments are metrics prior FFO as revenue X.X%, on minor expect This year year. the midpoint our updates experienced is increasing share some $X.XX are year. growth expectations We
same-store For blended reflects the rental rate an and growth of fourth XX.X% a occupancy our quarter basis average midpoint of points. XXXX, revised of guidance the of XX revenue
pressure are controllable on continuing see to real taxes on by insurance being further expense. we pressure positive outcomes offset While is categories of expenses, operating some and estate that
at last X% growth at year XXXX our the for on IRT the of achieved revised Our same-store increase NOI of for midpoint. the midpoint top X.X% that guidance property and expense at XXXX The remained operating X.X% year. total is remains growth full
This and now Regarding Orlando our other range outlook, one on and that plans Charlotte, our million increasing for of our guidance full volume mentioned for are not property the also to year. Tampa Columbus. the acquisition quarter, expect $XXX but under close $XXX the million third year in reflects updates to earlier are to the properties in contract only currently we acquired the in we
Our broadly volume disposition remains guidance unchanged.
Lastly, we core XX% unconsolidated on that's be related we in received do highlight and of our ventures approximately recorded return that venture it. not to from to annual provide benefit preferred Back million joint to the income we provide will will QX The guidance joint you. to in Crockett wanted $X XXXX.
Scott, that but FFO
