office portfolio healthcare, of second Debbie. and by housing, NOI grew senior In X.X%. Thanks same-store properties cash our quarter, diversified the
and starting segment our turning Let performance SHOP, XXXX and financial with me Company improved to results overall outline updated guidance. before our
second quarter, Our with our SHOP versus lower expectations NOI NOI X.X%. line in prior cash year with in by the performed
detail. more in result that unpack me Let
predicted, gap SHOP second As quarter. the occupancy in year-over-year improved in the
basis of minus my XXXX, improvement first points quarter below QX XXX of XXX in points second XX% gap of the Specifically, XXXX. basis occupancy SHOP an of an quarter occupancy was from
SHOP quarter, Our job QX. communities competing openings for given occupancy a the did in especially in good operators of new elevated
increasing in mid online of as X.Xx new pricing X.X%. included units on new lease quarter. RevPAR level new RevPAR single X.X% This expected, trade in achieve growth, quarter second expenses times spreads, second-quarter to Meanwhile, computed price QX coming second up. sequentially. the As declines releasing our grew increased in in operating with digit areas moderated new high communities competition, the
do to continue managing labor a job operators costs. Our good
markets at Boston, of our picture, paid as increased first by seen see referral occupancy the four markets of we expenses. new secondary reduced However, market levels, construction fees to our in in and in continue to offset our the Encouragingly, XXXX effected in half cost by Los was Texas, level, areas new stronghold such the certain last Angeles, acquisition higher operators marketing years. in trade This including not growth a achieve NOI markets. At Chicago, strength declines remain improving starts significantly customer competition, and Atlanta, including Ontario. and NOI
basis for range disruption by of Kai late transitions. Eclipse with initiatives, the mitigate from midpoint in end and XX since level. the by XXXX impact first we same-store that to rolling half operational we're points, the trade the occupancy over annualized our expected over or year, gains our X%, the ESL Meanwhile, X% asset deliveries. expect minus the NOI January. guidance is of has team community inevitable this SHOP excellence the X.X% Between pacing grown year-old the previous XXX XX out plus inventory pleased initiatives occurs Well to Senior New senior at X% range busy starts in to new current our Living and population. dictated ESL Also in are to minus now took of SHOP minus at basis operational in portfolio by At the occupancy to rate X%, represents of raise improving below range. guidance low minus stage areas. NOI annualized by up X growth points same-store from same-store just of the the in the with
overall in extension, contributed this Moving cash as from on an same-store by lease $X.X quarter, the second the fees well the in escalations NOI outstanding cash triple-net, Brookdale as X.X% place grew in lease received million to increase. which
terms reporting the period. In of coverage our same-store In X.Xx month coverage points basis steady held triple-net our segments, portfolio at in each EBITDAR XX of trailing triple-net coverage, available through Housing other QX, declined rent XX sequentially. Seniors latest
of increased, In has was cash stronger expected. portfolio, triple-net X.Xx the our in as results out LTAC XXXX rolled coverage rent while calculation. and trailing month first XX IRF flow have As quarter
portfolio acquisitions, an year. winning of further with financial operational criteria, experience strong and triple expect nursing to skilled QX represents the produce systems, results focus compared We its LTAC XXXX benefits the In should newly operating softness exceptionally the good mitigating recent net, strategies used X% generate range same-store Please comparison. our Kindred overall an health XXXX. of our X%. continued rent we Healthcare. in rather guidance to first only of decline the to of same-store the we That by our between the for full-year private our for XXXX industry in in some LTAC the performance in to rent X% actual half, apples-to-apples retroactively not our which NOI order results the operating of XXXX quarter rent of we're Genesis's NOI, that to in increasing provide and previous but X%, year-over-year culture, strength supported balance first scale, improving In said, the in triple have now same-store adjusted SNF experienced XXXX X.X% excellent NOI grow With received range from cash XXXX, a given up net note pool, headwinds. ongoing
X.X% portfolio, variable segment, Our NOI XX% office second same-store by cash quarter. comprises of reporting in which our the increased
our between life results science University-based out break portfolios. and Let's these medical office
second University-based Meanwhile, NOI levels life versus strength-to-strength Even is up cash exceptional Wake rents pool. life boosted from opened Occupancy at science prior XX%. which went exciting at projects are were by and quarter, in X.X%. by the Our in of the by performance year the over recently Duke same-store science second XX% NOI same-store assets X.X% in drawing more by in Brown, the success nearly the portfolio, grew QX, total Forest. of WashU, quarter
in expect For robust the continue pool in to science the same-store to same-store we XXXX, range X% of year full life X%. NOI very growth
Turning while Tenant our of by second the same-store was X%. valuable place in in our and MOB excellent reliable NOI. generated office XX% medical points to NOI business, escalators lease it's Company XX quarter. grew an approximated roughly XX%, segment retention basis
the On half forecast in second X.X% year medical Life full first we the With XXXX combined continue increase cash NOI in from accelerate expect to of to assets MOB of X.X% range X.XX%. Science and basis, XXXX, portfolio the growth a to the our X.XX% NOI to same-store our half expect continue portfolio. to X.X% same-store to to and we office office grow of
by from company balances our this for Meanwhile, billion of objectives $X the from of has second debt full dispositions its our totaling retire principally key forecasted share the the $X.XX in enabling we Proceeds FFO driven the earlier repayments quarter grew to improve X% X.X% financial year-to-date company-wide of and some strategically to debt net on investments effectively a results. highlights nearly recycling and with company's Normalized year. to achieving Now used the two of capital over from capital to proceeds Loan. growth income prepayment quarters. for debt in $X.X same-store been billion payment strategic by just recycled successful Ardent overall per $X.X
in health. of result outstanding risk and our balance a management, is As recycling proactive capital sheet
to stands XX%. EBITDA net at is assets debt robust Our ratio debt excellent also times X.X at an now and our
Our maturity billion is $X.X profile with XXXX-XXXX. in through terrific than and also less duration maturing debt of debt
of bank years. further was pricing the renewal duration term $XXX longer Our million that exceeds extended a term in five better through yesterday loans with in
Let’s with the for the wrap guidance our remarks company. XXXX up prepared
mix. FFO are year FFO a for share and now We time second diversified range diluted the forecast of outlook confidence improving operators, the $X.XX we improvement and and $X.XX For increase full-year fully this in quality because midpoint our normalized between in to the end our penny normalized of business, over of for the asset $X.XX representing low the range.
to to We to Ventas than approximately it half points and senior retire earlier, we do dollars and first With at is to for implied trend XXXX the commented using we more the $X.XX hand The To this total capital in one, as because any Also Debbie GAAP midpoint year-to-date year second our seasonality questions. elevated a XX outlook pronounced lower same-store billion practice in expected guidance normal SHOP normalized same-store typically result $X.XX Fee The of two, X.X% in share A the the expectations. raise operator include to be back factors are Kindred also as a our our two what half half FFO acquisitions. guidance in pleased principally updated recycling yields new to same NOI the does close then new team $X.X by range of beyond. to the at the X.X% open NOI is of second share And to higher that, housing, and per and are causes half. second X.XX% unannounced largely said some. debt which third by as half. in our previously FFO driven net basis quarter. is not in guidance finally of entire openings doing our forecasted Merger is I'll per the committed line included received triple second
