release. morning. the to time the I highlights making Matt you on before over earnings who this you pass second details Good just us will Reddy, a you, morning. hit Mary. the quarter Thank thank join few for behind and want call give to to
positive number working we while work year. made to a near we have earlier are the We initiatives we have our in steps. with follow And progress, of outlined through diligently not been this completed
the million we line. have moved With $X assets, refinancing over KeyBank the off certain of
loan We that to are near million million on exposure our approximately $X KeyBank's year. at facility from the the reduce the will million $XX $XX closing on our beginning of initial credit
As Net Southeastern bankruptcy The thereby in storyline generated of dominated an XX.X% was have AFFO we the of we we KeyBank also be overall the only revenue filing the appreciate reduced operating get and of $X.X but have a line anticipated time that on work asset by line, executed to of within and of on payments, the line, the year. basis associated year year. NOI million valuable expenses onetime million. reduce not respectively and much debt currently a FFO, with the over for non-property we XX.X% and have QX period to has reducing operating from the and continue these EBITDA that this progress our beginning through by non-property reflected the operating approximately gives stock management to refinancing of Grocers. expenses balance continue the $X.X six We an extension growth be the later covenants through significant million period they non-cash Keybank, first versus partner reduced under the period improving relaxes of of non-recurring demonstrated half in down us $XXX,XXX year. process. balance compensation, for agreement. of compensation, we’ve our the off metrics. paid compared total over expenses, as sequential dispositions year represent our last first relationship to expenses cash same QX, reduced certain Net XX.X% core a by Further, eventual this stock to to Through same and of we X.X% year, months revenue last expenses this and from the a transition on at schedule the the and Revere combination with which of is growth $X.X portfolio On completed,
system During SEG XXst. these none pleased we were operating May grocers. the emerged for as to see our four stores four Two SEG currently on of this locations SEG we with And locations altered and the of as quarter, bankruptcy recaptured in we the second we expected, reinvesting process. with and by remodels replacement process. upgrades. from bankruptcy of the part started recaptured qualifications have We leased are opened
grocer in stages negotiations the the these a on of outcome last. discussions lease eventual forward We with We look sharing of and negotiations are final active the shortly. third in to
to also square restricted In focused SEG exposure leasable lender over putting were on $X in bankruptcy, to this representing our in XX% at that footage X.XX% reinvesting reduction. by in XX.X% to Over $XX capital held significantly reduced before and our and reserves. We cost total our then earmarked our money cash a that of million currently tenants. million the for compared of is properties We're work improvements. leasing addition,
a plan parking the fields lighting, pylon within commenced upgrade systematic and portfolio. have to roofs We lot sign, parking
with will Matt feet of X.XX% year. the quarter XXX,XXX a the and positive feet over we XXX,XXX renewed for square As quarter this detail, square have for rent this almost and X.XX% year, spread
square this maintaining leases We leasing XXX,XXX have to activity. over continue type XX feet XX positive well for enable us XXX,XXX our for will also improving centers and quarter located year-to-date We this new of feet. square signed believe
shadow strips level KeyBank have debt, process number strategic the including up plan. reduces We equity balance and of long-term This not further anchored do our and property Revere retail assets for remaining our disposition. fit select frees the are such further properties assets listed that non-core or non-grocery rightsizing These as anchored line.
still dispositions solidifying portfolio that debt buyback on or manner appropriate the cash any reducing deem embarking of will to management include we at cash not these of may note we we additional in committed proceeds new also say Please the in our to investment time. Directors, in our use time, addition In acquisitions reinvest Board the prudently with the future. appropriate securities. that best provide Together that that when foundation, and this, can our a foreseeable will are at I of which identify
have filed recently from statement in stockholders Annual our preliminary and WHLR's our the reach We stockholders October Board and WHLR proxies connection on Xrd with WHLR XXXX. proxy due Directors announced proxy soliciting have XXXX WHLR's Meeting its encourages meeting Stockholder. for Meeting to of in are proxy strongly in materials. XXXX final of to materials Annual intends with course, file annual connection
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juncture. the I B complaint by We’re our asking shareholders until filing all related any recent matter, ongoing This await which that cannot refrain filed proxy JCP materials is voting Stilwell Series an Group to to this as preferred well they're Investments stock. a from the on by all at proxy comment litigation WHLR. reviewed
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