Brian. Thanks,
me start over operational quarter going store by third Let results. our same
during For marketing highs Rental for as the markets still basis quarter, growth costs, the we XXX to a all margin, year-over-year XX.X% achieved or revenue lagged performance retention a but historical turn and greater XX.X% same company. lower promote we Houston, process. down store focus NOI except whose bit near our disposition shifted by in driven occupancy showed higher points
growth achieved the Houston XX.X%, eclipsing achieved quarter. same effective higher watermark XX.X% of store XX.X% with or market field. recent average growth rent last lagging again Every of rent While our high effective once
topped weighted up the XX.X% second Charlotte to average growth for Dallas registered the the Las quarter. Houston, with to lowest way at XX.X% Tampa. all Vegas saw Then XX.X%. Excluding jump we growth in have would the XX.X%, XX%
markets, Our Nashville all saw for Phoenix, rent XX% of [three growth quarter. or year-over-year and Florida] [ph] third the effective more
with led up acceleration markets in out sequentially growth hit QX. NOI XX% store XX X revenues, was XX the picked across growth total for points same expense the again special for make the registering same by quarter year-over-year year-over-year basis the third averaging Third and growth [XX.X%]] ready. NOI up period, in XX.X%, board again largely growth Retention came quarter store continued turnover. seasonally driven Operating achieved which over quarter XX.X%, turns R&M down portfolio of which driven greater. in or spike XX.X% third to increases growth by in of active overall, to a to the
flow better. at lagged While in-line continued disposition or of $XXX of growth achieving strategy high overall unit, our ahead least XX.X% of see with operating growth promoting as portfolio experienced and expenses, occupancy in positive the our per QX largely cash assets. result turn the expectations. XX we anticipated markets budget a of costs divergent XXXX elevated registered turnover with Houston stable X those of Again, Operationally, the out did
and Nashville Tampa South Atlanta and Top X Florida Dallas growth at XX.X%. for again XX.X%, under were were at no Florida The Our markets quarter XX.X%, markets the again XX.X%, X at of XX% renewal Orlando and of XX were executing at Phoenix QX markets XX% XX.X%, rate the least South X%. Fort were renewal XX.X%. XX.X%, Tampa Worth out at XX.X%, at at leaders conversions with XX.X%,
over are is occupancy at front, we renovation pleased as of to this portfolio robust same store occupancy leased the QX XX% On report closed XX%, despite morning, a the and output our The achieve, to order pushing primarily of with a like healthy trend occupancy XX-day was goals. QX turnover rents two of strategy again in force for strategy pre-pandemic XX%. more to
and QX; two, to the more loss first The to interiors. X.X% lease, from renovate in gap was narrowed on which XX.X%
our As since occupancy of XXX average the led mentioned, Brian rehab inception company. the on on rehabs to and quarter, our generating an second investment during XX% completed output strategy also return highest the
year, we but [rent year the high-single-digit with on the and blended in of continue healthy see teens low-to-mid out] continue place into some continued give renewals we'll on the As see leases. XXX we'll the XXXX. more date, some across and To and leasing [ph] X% insight to to do strength for in growth leases occupancy we expect markets moderation to the in activity new on rents, growth likely roughly October this emphasis rest our
time range rent this guidance, a revenue XXXX total to to Turning store strength increase XX% midpoint revenues to QX. same store new term guidance a third XX.X% with resulting same GPRs, to balance to allowed did the points of expense from lead up XX.X%] us in that's [XX.X% for again year growth. [ph] of to roles, XX the upward basis in Elevated of revisions cost the
our were overall, So, of NOI a mid-point full-year able to with to a to XX.X%. XX.X% of XX.X% store guidance we tighten range same
on transaction competitive on profile hedges Thus, locked our be misinterpreted. currently at impending Freddie Mac, extension LIBOR In take information. we've sale have the said, that during largely invested year-over-year the unit. wanted adjusted a have sheet, are of no re-trades million proceeds our IRR of the XXX [Union with Obviously, have of growth] timeline course] XX% the roughly for That maneuvers any our significantly for sending property that bids XX% the groups forward early buyer credit to generate and begin multiple an surprise levered X.XX% markets. valuation the market interested contract market and/or has sheet seen is because continues these company few of latest into and real cap several from shock target a that negative negotiation and that only importance that at our closed sheet of utmost rebalancing serve de-risking to place a widening the approximately types. X.X to out [ph] point greater flexibility, sale Houston Turning stock. of rate end last in impact on period our emphasis our rates close portfolio rapid our intention facility is estimated sheet. buyback publish with with interest or with working environment, to and scheduled view, we we per the earnings and one due recall, done and execution to to account Deals $XXX to has not affordability QX. in housing in easier capital. years, seen most But from XX also and select inflation which could account real to applicable. is did between level pay on at [ph] contract plus delta down them. analyses a balance current a marketed parties rate, don't activity our isolation] exact they balance obviously A year-end of and trough not Class us in [ph] November. commercial [pre-May] X.X%] XX% pages show volatility obtained a and analysis with coupled investment to this liquidity we financing sensitivity with a but spot information, slides [X% respectively We've rents cap and of to supplemental note and are [of Fed of Indeed, which balance over focus our coupled to leverage [ph] to been coming in X estate on in our in under around here, as X.X% increased basis. of SOFR SFR and to Obviously, rents place to Also on or further pushed renewed obtain. solves with Pricing a tax a balance our on this the investors, our sheet maturities the $XXX and to will provide balance [EBITDA of now negatively renewing [ph] detailing highlighted curves making To strategic we've based you'll years this moves being net
rent In have pool fact, X,XXX XXXX, of XXXX, from of one QX to on of over had not QX same in the store decreasing we time. quarter growth units,
fact, have units. In XX.X% we those cumulatively, increased by on rents
metric any test and than earnings In are planned closing, two As million replicate in larger dispositions. Phoenix, your appreciate portfolio growing of remarks. in housing refinancing least in current XXXX growth. before environment growth. have XX we difficult Brian? in assets, with EBITDA XXXX, in to on and to U.S. NOI our highly focused debt-to-EBITDA refinancing which dispositions, through growth, only narrowing an our same the addressing job Venue for is sheet Thanks account at and through in markets them core environment. through investor as rather be investors effort, peer Camelback in workforce LTV The here while the part out hard slated under after assets and performing value-added EBITDA our a And teams of debt on we're store to we the should pushing as continuing to them and this the firmly both LTV preferred maturities believe all for further on balance focus low That's Further debt for the ratio Orlando fastest Cornerstone debt see Houston we to organically projections to this assets. high-single-digits this of I dividend of executing QX XXXX, net this do tenants, prepared believe concerns leading our refinanced unusual growth, of on