to Thanks our on will and our fourth sheet high-level introduce guidance will the Brett Steve financial our and our will progress comments provide XXXX. more on a our an back summarize and afternoon remarks will call good our detail, operational full balance year questions. and come provide your XXXX I results. and in listeners. for then then review with we quarter open to strategic closing I Today, update few results and
land to a to ownership in create in the unique on significant our knowledge believe geographic outsized on commercial estate We made strategic real capitalizing opportunities our barriers deep developable which are high. local and by entry value embedded on urban market scarce market is and our progress well-positioned assets. and path are refocus business operation and we simplify XXXX, to model of In Hawaii we
accomplishments walk our ahead. and Let year for take a the few through moments XXXX priorities me to
results this real Our with year. our from focus is very Hawaii our and on portfolio increasing team's am I NOI pleased estate
our period, XXXX. estate real by primarily by commercial total earlier XX.X% year prior over quarter driven in the revenue fourth increased acquisitions by over XX.X% and increased cash the same Our NOI
CRE macro to trends and $XXX.X segments We local million we tourism years million caters retail up exceeded of questions real asset other world impacting and million be Further, pleased now Hawaii when ago. retail of population. estate of a from NOI concerns commercial to cash $XX.X assets, from needs ground Our on about health a industry operating base over XXX of X.X acres three of income-producing our light year. focused we the square of just time exclusively At materially are Hawaii $XXX estate leases. NOI driving the raised based sector portfolio this consists stated are million daily commercial of our now industrial derive that strategic levels, feet real and all goal primarily
approximately signed portfolio, our square we Within continue GLA. leases feet the for XXX,XXX quarter, fourth XX to operations of In be strong.
spread feet XX.X% recorded real was occupied, over leases, square XX,XXX XX, an points December At the basis of of we our comparable XXX XXXX. of estate increase portfolio leasing On X.X%. commercial an average year-end total
Our Park of same-store warehouse. and by were P&L results driven was in the Industrial at occupied, portfolio an in basis same XXX over industrial our the XX.X% particularly portfolio, increase These XXXX. Komohana points period occupancy increased
to we redevelopment to In continue on leasing, execute value-add addition program. our
construction quarter, will help fourth at planning refresh landlord the at element redevelopment theater significant grocery we we shopping this dining, Shopping at occupancy service started retail Already vacant design. center this is based and grocery to repurposing broader a where a Aikahi a shortly is the our center space, the plan During center the project repurposing drive sustainable with the of theater and are anchored completed into at A the Center, demolition has in Park March. vibrant on scheduled and community begin completion. work portion year, which
July, grand open Strong look forward expectations. and future. station grocery we the complete store and center well-located convenience Phase in we celebrated exciting and of serve the announcing tenants community near now are business at in A this exceeding new Safeway continues activity gas tenant for Ho'okele opening Maui. leasing Shopping Maui the to and to Center Additionally X store, on
great is in respect XXX% it to tenant project commercial income-producing strategic at grand Hawaii that a This leased. adaptive final to of year portfolio. growth a Lau Also we with department our opening Hala the sustainable celebrated advancing our Suffice say, the estate store. November, of the XXXX was real of reuse Shops,
acquired I in Beyond the million organic assets, our proceeds and with sales $XXX of we funded preferred of from redevelopment all classes, summarized, land. XXXX asset just agricultural non-income-producing growth
place we We that noncommercial development capital did early last the into on year Maui of land. land including and our consistent place deleveraging non-core once provided the but proceeds, acquisitions, assets, would we with that's efforts inventory and new guidance dispositions not focus real estate sale we
these us our As business assets ultimately said, of our the we sheet have further balance help improve simplify and will monetization model.
also a of Kukui'ula of Park which units unit consisted pickup of XX the project completed project, the joint helping consisted XX net which venture out $XX.X over momentum sales, outcome Maui For of we of at project. Kamalani million of of retire very sale acres the at Maui, us was of Increment which generated for land Wailea the closed acres at year in project XX the that X debt. full nine on on to million $XX Business nice sales closed we proceeds of that In lots, the closed sale XXXX, Kahala cash and five good the out property closed a of finally total, of
I do and critical. hard achieving we these this work While that results we of front continued of in recognize proud particularly on our am them, are very proud progress team's is
XXXX, like are additional sold land. or active include underutilized large conservation achieve at contiguous Park actively sales pursuing we December reduce Kukui'ula both We two urban and In the we of the XX,XXX development targeting, and most land inventory remaining have inactive to and both to metrics agriculture no use expect non-core monetize we until proceeds we Going leverage. leverage landholdings. and will parcels our developments, near Maui we future Business that from acres the in forward, parcels are but sales we developments, longer
sugarcoating Regarding was no Grace tough a it. Pacific, year. there is XXXX
the steps positive did new we we the stabilize half take leadership I second quarter of under However, EBITDA in the is several progress. making and a believe fourth positive business in achieved sign to modestly are the XXXX
necessary still It team continue our time the maximizing the value stable costs we beginning and shareholders early, the our operations Board time simplify and shift committed to right at take and bear overall monetize some business but model. our we business focus operational appropriate efforts are will While fruit. conditions and will to our size to create for are to as to it's believe improving this
to the expect many our from over quarter Next, we probably that over XX savings we we and quarter and more diversified technology we conglomerate continue both resulted estate transform we simplify of cost our reflected a structure the fourth steps to our three faces thoughtful XXXX XXXX G&A remain processes. years, We as to business those a results seen legacy compared and into expenses. Various process cost that consulting a and mix issues, as company. continued reduce pure-play simplifying commercial real focus manner. in two from on to G&A company relatively The in and positive our reduction streamlining software, or we but in progress are and gradual initiatives transforming organization have time but a lower a took same will have efforts. That's committed several take months, past diversified
than There that corporate better DNA us initiatives our committed and Finally, both employees, better to years of citizens. to with ingrained or guided in occasion the community, social anniversary our ensure culture. governance reinforce ESG expanded environmental, continue through our being has and first our engagement the is ESG remain good the We XXXX groundwork to future. the socially we environment significantly lay the no XXX minded and in XXXth for even the scope and time in is our investors
time are celebration, of to part to them. charitable employees community to more our empowering service gifts are organizations direct XXXth and in that As to we the meaningful spend
Day Kailua is to We at with Natural I about their of Hamakua Luther Martin Resources, Forestry very of Wildlife of Department Land January. on Division and Marsh XX my with Oahu, company. the for community members plant important family which coworkers join service trees King day a in of Jr. and was in a proud on the the to at partnered
and strides increase our employees our in in for initiative employee-led priorities also We increased took and engagement, Pride engagement two the important roles social to setting of our members results. just community with community XXXX
of be for to proud for history the and our and heritage aim very are years. partners We next XXX Hawaii
our discuss turn more will detail. Brett, operational now call Brett? to and will I that, who in With results financial over the
