Thank metered both European driven by United and our reimbursements, across with markets. for XX, morning, was by positively growth Slide impacted everyone. you, power and good quarter a usage higher primarily in the increase States Dave, Continuing revenue XX%
reimbursements power was growth those Excluding X%. approximately revenue
are negative impact reimbursements a path item through our these on an because expense disproportionally Additionally the had line this higher in margin. growth
the metered in lease and fees. is last X.X results power year-over-year of our and second year’s adjusted the $X receipt by termination Excluding NOI reimbursements, EBITDA decrease of X.X quarter The the margin million of percentage impact affected positive by respectively. year-over-year comparison points
in churn year. second expected lease quarter in $XXX,XXX second termination year, quarters to of of this While quarter each the mentioned two call, fees. of received I we was churn that higher in be the last On than last quarter’s the
to out. anticipated been However, this some we rate occur quarter churn has that pushed
than positively was X% X%. a As but for our churn renewal range next view in result, lower the At years, we shown continue of we over these out I rate be on year for have And and express X.X% the like-for-like to on Investor expect the quarter the mentioned. was our to a cash renewals few full of we relatively GAAP to X% renewals was flat were discussed the like-for-like had quarter. renewal second churn Day, population impact in of forecast, we that quarter basis spreads on just a basis. average this up small. ad churns these The second by push was weighted the on rate rate These impacted
online approximately The brought And data to Dublin commenced diversification The is this We with the portfolio that representing currently to leased. total market our enhances Slide hall contribution XX% these first of business. data we’re geographical as further leases XX. the markets our of report to our center during continues in Turning pleased rents. first increase this our from Europe of fully addition quarter. to
XX Slide slightly markets across have United co-location Europe. towards to feet our weighted and States we XXX,XXX square underway and totally developments Moving megawatts, XX, European
preleased XX% As they’re Dave a risking are basis, developments investments. noted, significantly, capital square co-location on our this footage
feet under the of from $XXX will XX% the midpoint X,XXX up completion of also million of cost XXXX. our developments, Paris powered range. of is approximately London. construction our project June at our nearly The in And megawatts, estimated in these shell and consist We of XXX,XXX pipeline have portfolio upon total to complete square
issuance corporate out denominated additional and of to our transaction euro allocate further our rates. our for fixed This existing development decreasing coupon of intend to under Turning projects. May, bearing repay revolving schedule an pre-funding extended percentage green to senior for offering, executed proceeds general we Slide smoothed euro weighted X.XXX%. assets facility increased XX-year to these fund notes through while bond were or interest rate our amount proceeds debt a equal and used million average the our to and The including denominated of spend. We future raising XX, credit purposes, net green €XXX maturity inaugural borrowings in debt,
grade which quarter Our percentage interest of at fixed is XX% of rates. line and to significantly investment rate of mitigate in the was our rising other with REIT exposure that debt, end the
maintain the end of As Slide XX sheet with of the $X.XX we shows, balance billion. as to a continue totaling liquidity strong quarter,
million, during facility available $XX the we into of settlement which general and approximately $XXX X year, forward last have on we which of into our shares Combined repay forward agreement half a equity. resulting credit equity purposes. used agreement Also of sales ATM million for outstanding in the XXXX. second During program, in last sold million to under the a million year, entered settled in upon June quarter, amounts sale proceeds will forward corporate approximately quarter, result by with were net basis of revolving approximately under proceeds we the approximately forward portion entered our $XXX net
on share at increase yield dividend. announcing second quarter X% to are price. based $X.XX from nearly $X.XX share, per represents current the We of an X% in the dividends This up third quarter annualized our
business. While paying lowest maintain to reinvest internally continue one generated we dividend, in order of REIT, to payout attractive cash the the retain among in to ratios an flow
the of as the XX, approximately the the expected quarter half our a next significant annualized backlog second million this resulting to growth half in towards to million end million is of Turning at next first of contribution $XXX commence million, the up to is heavily in end from revenue, $XXX year. to GAAP the of totaled $XX expected million weighted Of of remaining Approximately year, $XX year. quarter. year, the $XX second in commence the Slide
our XXXX revising Moving to Slide we XX, are ranges. guidance
outlook, a We driven range are earlier. by the revenue million end – lower year of base I resulting in the the mentioned primarily is $XX for by base full increasing our midpoint. This churn more including favorable the million, increase guidance impact $X in timing
guidance by upper Additionally, our higher for we’re million, of increasing both power across usage a the lower markets. metered result of our as $XX reimbursements range and end
$X are increase the facility driven anticipated We This lower the increasing base primarily adjusted million, guidance at partially Europe. our resulting in expenses, of EBITDA slightly is mid-point. higher increase by property by end revenue, range in the by costs in million $X.X offset operating
We are driven timing guidance both spend expected by the year. of is now year, this to by lower end later range was next decreasing our upper This occur with to million. CapEx occur development that and $XX some early expected
the the are are team EBITDA possible full we midpoint company’s guidance to lower shareholders. and take normalized appreciate timing by the closing, with creating in the end the to In driven FFO midpoint also happy to guidance primarily year. continues our the take opportunities upper expected we Finally, needs. to increase in the and participating you The pleased our we and call the are range half and questions. increasing is per both with of by work funding performance put And the for We the shift best of increasing midpoint first the and by increase in hard adjusted of continue value $X.XX. advantage the of us through now share in $X.XX, position
of the request number kindly question. the Given queue, one person people that asks we in each
the on So on conclude you. that call please operator, And time. the we Thank can stay and schedule open line.
