am joining time the where Thanks call. everyone Matt highlight And through to in guidance. is Thank a the portfolio the trading so pull call, together and market I over am things are go things everything - put of to versus we we some of who the more kind turn where in your about you, Marilynn. some in kind numbers is the today. a McGraner of Appreciate also the seeing and and on the private context. and the then joined marketplace am talk who important quarter the I to going and some touch for to I to Brian then going highlights Mitts, start we on talk particularly going are see in me, of
sold that second. taken for IRR our start of the try of year plan then was facility the $XX.X standards. it highlights I'll $X.X way, gross allocate about me our XX-K, capital event asset in Dallas. property you Bridge get the for units, quite closed to quarter paid down fund XXXX partially we million. property Timberglen remainder a front, that On a this smart With the partner invested Atlanta. in multiple we of our in the and we the I'd and exchange the we on of one transaction, was with quarter. out that million X.Xx definitely Let on in On realized some of property, say execute some with JV we we which quarter. here the to basically for of we in out the out in But $XX the is had by had located last quarter and We acquisition talked proceeds it equity. out reverse And had Dallas, our acquisition also subsequent in was we disposition which buy proceeds already million, mortgage It Atera Rockledge but the put that no XXX retired last XX% discussed. property which the and that our at
the showing strategy, investors. of put of good our returns up adds value some kind again, So, power the for
On facility. sold Bridge the debt retired it $XXX It then end. was reduced million and we mortgage our debt we we the of that at of down paid XXXX total Timberglen the side, the at when end $XXX again million,
rate XXXX the did Our least June you is put $XX.X as think through of and today, at XXXX over about LIBOR remains assume begin last to some swaps we $X.XX as of the of swaps is result a years the per which these share. few put of first million, That's if expire context savings if effective to where us is to a kind it I us which think interest June X.XX%. that of don't into on of any through that but at when six that it
powerful tool the still So debt. we've flexibility maintaining while pretty that implemented, the from obviously we get a rate that floating
is the for any Today, I property. maintain penalty, we're our dividends, meeting yesterday, increases our no dividend where kind pretty had That's a as the we over keeping since core board of public. the Timberglen coverage healthy the the share sales FFO our with show we FFO. On payable the good a of dividend to at extraordinary which June of then and set we of set our of X.XXx the June from in our still the $X.XX the board supplement, year, end cost covering per holders As increased dividends FFO. an a went sell evidenced XXth, in prepayment we quarter increase be or was XXth. year record defeasance by second X% by core to dividend core goal increase we Part believe
So still in shape good on front. that
hold to On will this growth the unit. per unit seen more we rehab cost here, the Matt rehab. detail partial We've XXX highlights, at numbers units get completed through We $XX about for average front, or rehab month at per for the date $XXX upgrades X,XXX or still we portfolio. per full rent an in but about of inception XX.X%,
so. as I today a coming is going reported that's see what's numbers - next in you So to the be the healthy extremely out this increase week and or think and in market. XX.X% Obviously, here previously
renovations to So brings seen historical again of showing What on how and the those value shareholders. a return power we've on it this investment. XX.X% is strategy
So, again, portfolio. current numbers. rehabs figure roughly the portfolio, if we good units another pretty that's million left got Quite $XX we left about X,XXX a that's in the few units in X,XXX
are of of rates value. NAV we all and will going we about a but next we have public feel XX some more came in year been that more that And of about supplement, we on. versus the markets. public into Matt on strategy some our more level. has to core in I that private in published usual, and on them the they well we are think that That thinking go a in slide how assets based aware are FFO is Matt the couple ones. bit at perhaps well stock We where in some where detail look $XX.XX, our are some in the markets. we little markets There market things show information underappreciated been to little some on midpoint trading that of, in XXXX. our markets quarters into we've I have how we to So our some trading quite as detail, power the touch a as NAV to XXXX am that thinking private based our highlights, our everybody high very our can of Per cap few lowered on over we of the the more of think add at a seeing. Again, that transactions is seen context. will
two weakness of following the that years biggest certainly years, in not program of $XX a put a quarter us lot one for I'd replace aggressively, was company of this the the this quite is say you pretty for with view saw million. where is ago highlights quarter few everyone So this buybacks. If we REIT. for We share
discount. we We think are was what significant trading pretty at a
in for average share of for XXX,XXX we in at of million. I'd quarter first last So buying even to cost more shares per say price million XXX,XXX we've the total XX shares average an a $X.X at bought an active days $XX.XX subsequent the $XX.XX quarter $X.X
subsequent at the seven date $XX.X of we average quarters, bought to shares million. XXX,XXX an So last over $XX.XX, or price
I on use place through transactions that's our that we trading, take are the of think gone great we $XX stock over million of a been that think of half where So and capital. has based where today seeing and
lot five in As assets you'll lower. of caps markets Matt a will of talk or trading a kind at see about old secondary XX
a trading midpoint or cap at as look think cost buying six we it at we also we is to we've NAV So we basis, where discount about buying think versus of XX% $XX.XX. when are been at our average the where stock sort implied of a
We power that of the will. million, and asked extended think expand two the dry for years. of think So and Board another if million they $XX.X us a we very of gives capital. $XX we to that's program you use that to accretive, to And agreed which the because going good that's yesterday
XXXX. So through due to
if the to think And we NAV stock wanted. think on we'll is continue if continues we'll use that. underperform I we shared the versus it's utilize past that aggressively to
I Let am here. go results. to to not me everything the going to on read
hits points. supplement detail which on release and Just our of high is the our
the quarter the of were million of total of million Our first XXXX, for $XX XXXX quarter versus $XX.X X%. revenues decrease for a that's first
for the that for note first properties we I versus of XX quarter properties XX quarter XXXX had first XXXX. of However, the
diluted share first only Net is income XXXX, $XX.X $X.XX a versus measured So in in driven $X.X sale, XXXX the mostly loss loss but of for drop diluted Timberglen quarter $X.XX revenue. gain quarter per drop or first of GAAP using on properties the million by per for quite the million X% share. a was significant
versus quarter Our million NOI the first first versus XXXX. XX XXXX, million X.X% $XX.X for the properties of XXXX, that's XXXX in for of decrease, on again the XX was $XX.X of quarter
FFO Core Our quarter quarter of for or million share. per the of XXXX, $X.XX first share, versus quarter $X.XX was $X.X million, of XXXX, $X.XX the million per $X.XX FFO is was or diluted $X.X quarter share XXXX, million of first XXXX. $X.X the share the first for per first or $X for per for diluted versus
of the core is number So we on. FFO really kind focus
So AFFO, you million, the $X.XX or $X.XX first there. of per XXXX. saw quarter share diluted $X.X million share, or versus first per of $X.X the diluted an XXXX, for in increase quarter
an increase again there. So
For versus was XX.X% store same the we had the properties of first quarter our pool XX same in Occupancy first store XX.X% for for XXXX. pool, quarter.
or quarter store So pretty store X.X% or of first for store. million where $XX.X aligned $XX.X Same Same same $XX.X million, of revenue increase we quarter XXXX, points XX for for was X.X% increase. million, basis versus with $XX.X drop, predicted. the million XXXX, first much versus NOI was
municipalities, you our as get from some through the G&A expenses. et back see over in the better so open cetera If very had drive same to store turn from standpoint details of for earnings were and our quarter a tax We look as good go we number. Matt to to of costs, you'll some NOI refund tax - that able of I I turn to release, then well here help some it the it through that up before the to If it questions. some supplement
Let go to guidance. me
reaffirming XXXX our are we So guidance.
for well were numbers quarter. within our first range Our the
good pretty feel going forward. So
midpoint per not am increase increase same at but midpoint. supplement the the $X.XX here to diluted disclosed operating release I the will share, the cover and as all million. the $XX.X to but in income be store earnings going at at X.X% X.X% revenues, with NOI, Just midpoint; again reiterate FFO store NOI, and we Core same and net midpoint at
right same are that We NOI. range for store in
So we feel good forward. about going that
to on are Matt to trading. where in details and over it turn the the me of kind Let you through markets give portfolio what are some our we seeing little go we versus of of color
Matt? So,
