and Rob, Thank everyone. good you, morning,
our initiatives. strategic Our we another highlights to follows. as quarter as The growth are terrific advance continue team delivered
X.X at leasing feet. are leasing our the be We to roughly record are a of million Paramount guidance in year and midst square raising again
be highest be will history in leasing almost at year record of would us on the as we set year for beginning activity the the public the goal original leasing twice five-year a This level, company. this At our for the year. the
Our in into recycling results. capital the has growth steady strategic prudent past program translated operating years few and over
quarter, grew X.X% and per third share, cash quarter for X.X% same-store was the the For FFO NOI up core year-over-year. $X.XX
increasing we the earnings As and of into provide head of quarter will year, the our again are the we Wilbur midpoint specifics. last the guidance,
the portfolio We remain capital. and managing opportunistic and disciplined our
where into and been fully buybacks and value transparent opportunities, leverage We create our strengths grow value. assets to share harvesting have we in that stabilized recycling in and can capital consistent and NOI
Let capital me our recap program. recycling
growth we San higher at healthy. late XXXX, sold opportunities stabilized for retained approximately buybacks full net million. and We fundamentals share to Francisco, pricing $XXX proceeds two million earmarked D.C. market where $XXX assets of for million In and in continue $XXX acquisition be
these million Sutter to these $XXX fund returns utilized as in lease further will assets. manage we the through Second share our acquisitions of interest joint structures to enhance shareholders We completed and that our We venture XX and Street. equity XXX
XX.X We to discount buyback a at our opportunistically and share weighted completed NAV. a in million price share, tremendous $XX.XX repurchased million $XXX October per early of program average shares
to in And San complex we September, sale foot. Washington, on two-building into a in Market late Liberty million Financial square entered South District. per the of acquire or In closed Place Francisco agreement for we $XXX Center, D.C., $XXX.X an
highlights. Those this joint of use the proceeds two our intend intend acquisitions fund Just from partner the bring to the to share Place at and we the were asset to sale of venture like Francisco, San acquisition. previous in Liberty a our
some further doing going and markets what forward. we our on – we perspective me quarter, Now let are offer the
and not increased but by XXXX points of occupancy has leased Francisco year San record we York per has square remarks, opening have for $XX this has reduced starting leased and a the expiration nine thereby our over also leasing. derisking across only York over upcoming And Francisco, of of in X.XX well our foot. basis As I my activity at square we in rents million mentioned on XX leasing all same-store San New XX% feet Through That are have schedule year-to-date, portfolios. New our months, to been years. role track the balanced
New Year-to-date in expirations practically New manageable square with horizon. have at full XX.X% on be York portfolio York, to our XXX,XXX feet. the continues very in we leased And leased, – the
the York been our in know, be you at us XXXX. to has at principal the XXXX which comes of to and block back continues As Barclays New focus end Avenue, Sixth
to goal lofty city's are while in trophy FAANG expand. of for leasing As well-maintained least than it the diverse of we The space The before to New large continues our space. ever, base more companies York said in so-called the tenant lease half very for A blocks environment space robust. and market The at is before, have looking remains is Class expiration.
with anywhere we we space space. four comes million been this recent if many of it, with As And these feet. looking million three that are will have we be in blocks successful to XXXX years. that very fruition, just square similar that times We companies drive All between understand absorption. confident for before would and as remain growth represents
Francisco, be Turning this trophy-quality remains and our market to find well to A strategy. Class to constrained execute to It supply robust. and the demand high-quality us positions for space, continues the tenants San difficult is
we average mark-to-markets about starting quarter leased to cash show of over cash average remarkable had XX%. of the per San Francisco. over we first quarter, square rents goes the and square positive Year-to-date, terms ahead That nine-plus weighted positive year per that at square XX,XXX is with of foot math average During at foot XX%. at actually current we nine-plus terms activity in you half with feet square just $XX mark-to-markets have rents of feet at XXX,XXX average $XXX another leased year starting weighted
the last on during both at and the leasing touched first to completed role we year half XXX of our quarter, efforts Front our address Mission. One As
as in the call, that acquired we from over occupancy a executed internal Sutter over XXX the by at XX.X% starting rent telegraphed XX% to we lease to increased lease And last building was foot, that underwriting Street. recently quarter, our XX.X% pivoted at in of per a executed of XX% the acquisition. June of currently. our square $XX And about ahead our This on focus time
the previously Second were and from the third highlighted acquisition quarter, Eye using Sutter where proceeds in acquired both selling closed joint Street ended in of Street. XXX of program my the And as XXX capital venture XX Penn recycling we During we a I XX.X% our remarks, Second XX asset. opening retaining XXXX up by structure, announced and
and that approximately its column-free modern trophy efficient rates in outdoor the Francisco's location, was is nearly building highly built in a asset San XX that is below XXXX, XX% and to South Financial desirable plates benefits great located a floor Second is tenants primarily at and is multiple from district. that building Currently, rental leased, XX.X% legal market. are terraces. technology accounting, This
is on The years weighted leases and remaining between XXXX only term XX% average rolling five opportunity is the roughly here about XXXX. that with the
and addressing XXX Front this did we proactive Mission, role. we with As will One be in
the also to an District. A we highly Market South Class entered a Financial Center, agreement located acquire desirable complex, two-building into addition, in In also
late acquisition the in fourth quarter. to expect complete We the
anticipate fund venture a bringing and As from of additions, to acquisition. Liberty with in recent our recently joint the use of share proceeds announced we the partner sale the Place our
and creation Second at Center. Market Needless the about XXX Sutter, to XX value say, we opportunities are very excited
Lastly, I want surrounding about to share the views much talked our model. business co-working
by saying, deliberate any They decision was off exposure portfolio. by on do sort co-working me WeWork to we accident, start did any have our in part. a Let first place not take of our but not or
co-working time. office Thinking the choose rise not wasn't back disciplined, to our years, with on of availabilities the with town at large WeWork. business and to lined them. landlords however, lot do and studied long-term to deals rage of leased remain that their became was a model had with WeWork, and and up the couple tenants. of block We, easy, most the sidelines, of stayed especially talk considering We the We and credit. It all credit we the a comfortable space we're
our always would must discipline even a than and sooner not admit lot I a I the that bad think co-working judgment as I be it anticipated. is certain concept business. do we proven right, for occurred estate While was said, That real
function structured any in a to In platform, critical fact, properly can opposed tech as hyper-growth co-working real estate a serve in market. business model a
that with to can more the a a to about thoughtful we business a reflects providers to be brand are most of transact model, we continue co-branding think WeWork, to and with much them. that partnership co-working other are sorts with not partner We tenants. who choose are we discerning and there their there as benefits engage While appears
make select have buildings think do We where co-working sense. could we
you in if thoughtful to decide course, something measured, we would and responsible our in Of approach. fiscally be this do area,
that I'd say way In our like closing, I'm have very the portfolio. we happy to positioned with
full, couple are upcoming expirations over is and effectively of lease years. average Our portfolio next below the
very relative that market. space available reasonable is the favorable The to have periods we and do attractive time terms on of leasing within
consistent fundamentals. assets that recycle very into growth We the healthier capital our sell have market in growth to and with assets efforts been higher in low
have modest a turn maintained ample not-too-distant portfolio a built tenants, future. leverage will a and that leased sheet rock opportunistically and get more in shares we in back have that balance appreciation We solid on bought is fact leverage-neutral quality And high basis with to healthy long-term undoubtedly and the is liquidity. a
insights turn will I that, on With call leasing. to additional to Peter our give the
