good you, morning, and thank Marcelo, everyone.
all the you we Given I'm to wish speak best. these especially the with challenges you days, and morning, the for this grateful face opportunity of
and first tenants our our Before we well on overall impact like overview results, operating of COVID-XX our provide I'd business. financial discuss quarter you and to the an as with our as employees,
contingency team a the that intensified remote impact management disruptions. with February, us executed environment minimal plans As to from pandemic transition workplace the allowed our quickly to in
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note Now, it's important things. to a few
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exact confident we're will we rebound, timing. that Second, the but don't the industry know
our long-term We industries. Third, favorable the impact profile the cash minimal benefit cannot and control from that forward. continue we LMRK to and driving expect challenges from strong opportunities we our our to strong. while first finally, quarter believe flow our And had of as will we these move withstand and results pandemic, position reach, things will of trends were measures advantage beyond the taken that demonstrating we to we've take market portfolio, are take
and AFFO growth In strong with results the we financial first quarter, year-over-year. revenue operating delivered solid and
occupancy in to flows continues the at XX months the rent end flows. stable while increasing past the and rate cash modifications, all the of accretive portfolio to with select as have generate acquisitions Our rent of cash contractual quarter, XX% escalators, contributed
acquisitions of strategy, projects. our return in the general has higher focus business our been development our We did terms make any first not In on significant quarter.
be and acquisitions, and changing work they opportunities, selective, arise. to initiatives, to and environment. of to deliberately advantage slowed will development our our of advance the economic continue position acquisition the flexibility, the given us continue We'll health should take our crisis we've that, attractive to preserve Given and pace liquidity
our our with are System, program infrastructure, With to and existing Area progress Pole continue we regard our DART, Dallas Rapid Landmark Vertex, ahead. moving Transit wireless the to make both fronts. Smart initiatives, development on stealth several
our asset expect, quarter development pandemic and encouraged led we has so would we're throughout will expect we've in made in deployments a this year. projects. But progress to far, As delays progress some the two. or you by shifting some the further This that result deployments, and
an made ago. It George, to event I'd not an of extraordinary distribution was But through like and to decision easy briefly managing we're a touch market call reduction weeks announcement the the environment. Before over to make. an few on certainly turning we unprecedented the
navigate long-term these is to us liquidity, overall distribution business greater with to once potential believe give for our as We ability our our to pandemic. our Although address our And we potential enhance strategy opportunities. our allowing the the our flexibility, reduce reevaluate financial flexibility look reduction markets and recent impact distribution hasn't normalize. levels near-term maintain us conditions will said, to of market the the changed, in we'll leverage, focus
George? of will to And with turn who George, provide detailed the a with that, quarter. the over more call us financial I'll review
