and Tom, everyone. Thanks, afternoon, good
pleased same-store quarter X.X% of announce strong X.X%, growth respectively. We’re of and to expense operating another NOI and with results revenue, X.X%,
and grew period, XX or the revenues, last and For first comparable consistent quarter by quarter blended rates with year’s points above spread lease during our basis expectations. the X.X%
forecasting spread throughout year-over-year the a year. the similar back half We are of
XXXX of XX.X% range we strong was half we XX% back And the occupancy This have the occupancy and in income the combination forecast X.X% the do short, whereas apartment grew the guidance drove sector. had other move in near through basis-point in revenue growth was XX In outperformance XX.X% This remainder end expectation expected and with XXXX. stable same-store our income and has comps of outperformed. as been XXXX. at is what of entering rate thus blended of forecast quarter fundamentals for year-over-year. lease throughout is the far, as X.X% toughen the the high top Quarterly other but to rate remain growth range, full-year now which growth increase to for above remainder our
our of coming initial drove the our X.X% Seattle with X.X% in item and/or of other result NOI, into which competitive as outperformed of which All supply. a parking, short-term rentals quarter. area with Francisco, are XX% revenue average well growth in expectations above which such market occupancy, expectations to more marginally due demand underperformed performing County initial average which Austin second markets and occupancy, common the rentals, from our spaces. apartments Florida, with NOI, as was contributions other our furnished average and This the less same-store initial of represent slightly have revenue Conversely, Orange weaker demand or our income and year. our comprised line of as drove At same-store level, expectations increased of growth San XX% for
platform, increasing tech, functions, our and the bottom-line, only of associated include XX dropping same-store are our generation of to same-store the our and improvement, dollars administrative they development operate better be in we operating facing the utilization our the of number enhanced certain big quarter. by business year-over-year clear, the the changing with options do home initiatives and centralization incremental with next To generation our second expansion smart evidenced on, the X.X% of device, installations service bolt-on interact of next Moving implementation outsourcing non-customer basis-point how process and customers. data during provide tasks, which controllable fundamentally platform smart upside, of growth not just margin the self of expense execution operating controllable is an
change the examining repairs rates growth our this of is best significance and of costs. by captured The maintenance inverse and personnel
growth the during over the rate which strong personnel over to the line these increasing line centralization inflation, given repair which costs by Over wage according comprise $X.X million. controllable above us past quarter. million expense have with flat XX% past items, resulted a year-over-year near XX% declining stack, theoretically the was least initiatives growth and or quarter. They maintenance be the X% at our during at in year X% or of produced expense $X.X costs our with BLS, Combined, in increasing and $XXX,XXX year, saving outsourcing the should in our or by markets,
to to which X satisfaction customer expense dramatically to engagement, points basis structure, improve By quarter result operating expansion next we translates same-store based throughout X results. of our expect XX% into to on ultimately drive in increase the million of efficiencies have margin. in Over our second XX% NOI, This run XXX rate million years, upside. to should annualized XXXX, $XX will employee of our $XX higher and next the controllable approximately we platform of about XXX this generation incremental captured end
testing to to device app homes significant installing have smart XX,XXX quarter the and efficiently XX,XXX year-end, self smart expect home other platform, quarter we mobile with with finished By more connect and With aspects technologies residents beta To-date, enable self-service after an provide the progress we we of suite regard that homes. will options to have touring be and enhanced made to of end. our us. XX,XXX our completed during
estate platform the in which for XX.X now range midpoint by same-store our results this operating estate In growth basis growth more both from XX rates. favorable points as we feels by levy total, X.X% expenses, been same-store but and growth NOI X.XX% demand forecasting our our expense our reaction in lowering X%, to full-year is efficiencies, we're well range, real to non-controllable has good, growth supply to X.X%. increased for tax at the X.X%. and the operations increase Altogether, For positive drove our are apartments still basis-point guidance category. as the X% to to taxes guidance real appeals and full-year Year-to-date X%, X% the in environments
negatively Appeals by After market approximately XX% This taxes legislation due of the to rate June To this, relatively estate the midyear After regulation. and of positive growth. that $X XXXX. and incorporating rent impact abatements luxury incorporate portfolio, York disallowed XX of York New XXXX York to XX% or NOI our XX to Wall court Stability any your by rulings do and rate. at recent midyear Act lower by real in XXXg XXX,XXX Court These Protection over on to and rent is do ruling, XXXX at court off, changes to due and million. Hanover jumps are NOI and XXXX, New homes by include New the deregulation. $XXX,XXX frame pro not our New this latter impact are each update $XXX,XXX the impact Housing of homes regulation potentially Manhattan XXXa York burn UDR. the to our impact recent XX% into market an homes Next, estimates will downtown rata that They by our evaluating ruling on homes of forecasting lease rent Tenant XXXX, we immaterial in the as
operational and thank I another our associates would at producing growth. the In corporate closing, strong in like of for field all quarter to of
With that, over I'll turn Joe. it to
