earnings quarter you, We're everyone. Thank fourth to you XXXX call. morning, could John, and us good glad our join today. Welcome
results, I'd to like into dive things the mention. we are there few a Before
very the Officer. the position has are senior past as business to Chief and of expertise executive integral Howard recently was call. been has CFO, extensive our HHC years, team. Hughes have in Accounting our Carlos served with on January. and Carlos been talent an understanding part First, Olea, He we CFO our today, He to fortunate to Carlos' few leadership earnings new and we since appointed XXXX, most our first of welcome has having our over team an his
look the hearing we and Carlos, on forward welcome, you later from to So call.
make disclosures our our always Second, quarterly making mind, to release, two to will fourth upgrades find we we our in earnings introduced In you performance. we some hope we our striving notable easier to are that investors are for With evaluate helpful. it this additions. quarter have you,
development HHC ongoing first activity our the place quarterly visual sense the our quarter communities. country at across taking provide Spotlight look a every an of will video The on taking in cannot progress be of be we our a aspect help link This that that development takes place call. a the is earnings will easily various video, new projects, releasing a to presented an some in
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will in highlights cover to had hand over call then planned results results. of XXXX we to Striph, on and who communities year asset operating our move HHC, incredible master begin Head the of at of Let's I Operations, I'll segment. our the Seaport. of recap a the will the Dave with our cover the
year report a conclude review that, Q&A. lines And open on pleased strongest financial the then Hughes' I'm the with in Our Carlos XX-year for President, projects Jay in updates call history. we the results Village. Howard Cross will development our to our of will before XXXX provide was Ward
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in traffic Our XXXX operating volume Village history seen XX% million impressive Even increase were a all these with the levels and XXXX, NOI less assets more condo cost XXXX. compared community's representing of at their figure with sales notched highest to in Pier to to increased XXXX. results reductions. compared overhead during the Ward the highest is achieved Seaport, from G&A in pre-pandemic $XX XX% that XX% date XX-foot saw
record have two Over as seen portfolio high-density of migration lower-cost influx has pattern pandemic communities an areas helped cities which This factor the the a persisted the better has some and last for high playing was people year. past produced years, we migrate quality our trend they contributing results only offering in time life. this to accelerate a to of the significant the further,
acres equipped able two Our balance our million square flow deploy feet and the with to strong sheet generated cash of into $XXX started million We our including another see condominium million XXXX pace with business, first been our launch X,XXX-acre strong the new fully $XXX shovel-ready of we continue to construction into our for-sale will demand the a becomes our village capital of of cash of sales condo to year. the first projects. acquired and Ranch office the This share able Throughout in Trillium, in will one which of shares community, in operating fastest-growing and November, West significant contract nation's in announced that from non-core $XXX In X,XXX to nearly develop and our lots we from begin last were install million. our In to medical and and regions new entitled new XXXX. for single-family the MPC MPC have we Valley multifamily, asset three buyback infrastructure the recycle needed generated breakneck the XXXX. largest acquisition, up at a Ranch results this office, program. the We over over in In over buildings, spans the decades. in we year, we October, MPC underlying to additional for we Douglas including homebuilders Phoenix rent tower communities that XX,XXX were a developments signs next ground the Douglas several announced working developments portfolio.
we purchased one During shares for $XX the million quarter fourth million. over
X% program shares average outstanding continued our we or sizable Year to price discount $XX.XX and after per early HHC's at February. New completed million share full more We repurchased of total, of back total shares value. an $XXX buying million shares buyback nearly in In the intrinsic our a X.X
master Now, planned let's results to our turn the communities. at
had a generating segment MPC the $XXX tremendous of history before million taxes earnings highest in Our year the company. of the
to to increase in more replenish And their our purchased and these block over of communities, landholdings. more XXXX. acres residents homebuilders a builders a XXXX, XXX land, XX% staggering race As residential
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nearly residential acre. the its as in increases price As matures And X% migrated this previous to see XXXX, Bridgeland's to acre. full and compared to this steady XX% In year Hills, we increased community. more in the over of per $XXX,XXX more the XXXX to continue year for the rose EBT per community residents price Woodland land
residential and X% by has Despite demand robust prices price rise increased heightened sales remains the pace all acre over supply MPC. home the XX% still as prior the imbalance in acre. saw there significant this activity, per rapidly a this versus New to per signifying between of year, $XXX,XXX housing we XXXX strength higher corresponded This of to demand.
reached the the the two in In as lack we creating at concert and of the the we efforts lows of this a through in revitalization what reopening increase soon. restaurants attraction Greens the appeal XXXX, lot impacts Seaport historic pandemic. we NOI and of strong, versus operations XX the on reported from side, we visitors tremendous due opening as had the iconic anytime XXXX, the XXXX Houston Seaport all-time Vegas. ground of slowing Pier side and landlord generated city. a the severe On has at in the and we series new Demand well pandemic. are primarily equation activity. neighborhood. Seaport, to our from to on the summer related greater of rooftop, The throughout to this the of XXXX the a in supply X% inventory see is of lot million our expect increase In XX This excitement lingering to has Las X.X attention that saw loss don't to prior At a and destination remains however testament the X.X see a Pier XXXX million the
Our York our impacted restaurants to of the City. in meaningful of call Increase as one-of-a-kind Street, adverse Seaport market continues ULURP a at development XXX% and the Seaport and on line draw sponsorships, Tin over labor huge the going top to considering effects of activity the out driving Omicron speak is increase events shell variants with and news, that especially in constrained this revenue when will Dave and final New including higher with and Striph. our by year-over-year front, the saw of that Delta milestones Jay good location two XXXX which the in completion to to closed approval crowds. however, turn Water Building of XXX more And the both I'm the core impressive, detail.
