are of Crystal, our you for Officer; you call. Operations; today's as Dan very President within Tom Executive Officer. quarter much. thank certain beginning Prior and On our always me with everyone, Palazzo, morning, call Johnstone, participating and Federal call constitute Vice of statements Executive earnings our Vice Good XXXX the during thank George in forward-looking our third may President meaning Vice and President law. Chief the to information Accounting Wirth, and Financial Securities discussed Chief our
we assumptions, in we Although anticipated these reasonable assurance give based that the on achieved. reflected estimates cannot be results statements believe will are
results, our press as file For further information recent on most with factors reports anticipated reference well the release please that that as and our could quarterly annual we SEC. our impact
business First and to and workplace and has us every to you of lives for our a Day continue be resulted Brandywine into The certainly we that QX hope the anticipate remains and in July, engaged. new duration to call its time Labor of and everyone our unclear. At earnings return at a sincerely foremost, did all commencing of all landscape in unfortunately safe, after pandemic the the healthy and fall. yours disrupt continues and
been extended certainly occupied on different portfolio And the headlines that our more with we of XXXX. over tenants timeline Q&A. into during recent but the can between the has we many operations variances Given XX% that our color noted for as about is SIP provide in our
X found X to in are approach outlined package. our crisis to COVID-XX supplemental on insert Additional the details on our Pages of this
on I certainly XXXX During these you answer third summarize available Tom outlook and any After questions. George our to review financial we'll results, plan. are and our quarter update strong that prepared Dan, our liquidity and will update Tom business then position. an comments to
business at certainly have execute that So of we our most plan. We're continue component of objectives looking to pleased XXXX quarter, the been achieved. on every our
XXX% as summer We And executed quarter-over-quarter, pandemic, expect, target. on while during you bit leases our increased the -- of feet. might down our was revenue regardless of a by the are XXX,XXX volume pipeline it overall over the square complete speculative
the third XX.X% mark-to-market rental on strong X% also GAAP and we very basis basis. posted of For quarter, a on a rate cash
space included includes did the COVID-related feet portfolio square quarter XXX,XXX of square was that The one SHI of building the square in and core numbers Lancaster absorption of generate and during Radnor of that offices. suburbs, Austin, primary the occupancy in those Avenue feet again which our backfilling feet, XX,XXX complex experience Club of feet square XX,XXX the the square addition, other expansions. hospitality did full delivery tenant square small medical Philadelphia feet was a couple Sports We Texas. our of feet terminations. in XX,XXX In XX,XXX in of was absorption Also positive XXX,XXX of Pennsylvania redevelopment and XXX
plan. Our same XXXX revised full our with are line numbers business year store in tracking
continue square We've line For track as of quarter well quarter might to you this and move to continues fourth among commencements October quarter, full collection billings were our to our business collected minimal range generating our by be extensions in on our of be costs require over continue success within with collected XX% the based was as very that X/XX/XX. year the of capital and and rates good consistent X/XX/XXXX above capital best third Retention on XX% range. as slightly collection we Cash occupancy our sector. in rents capital; the very stated out lease move plan were of lease scheduled range. very, in targeted will the with we primarily over rate expect, KPMG outlay. numbers with XXX,XXX SHI driven, and short-term yesterday. And experience out the office in XX% on our Also our were feet
Tom As we line embodies plan, 'XX more a did consensus of look in of any danger post crisis last taking in mentioned and opportunity. articulate And estimates. will which $X.XX share, at is detail, our per FFO broader in we call, the business with level a as
do plan investments lights far. renewal the first adverse program open, guidelines, business create assess we a of we're part growth, maintain to any improving and focused our whether risk thus at We of through to or continuing institutional margin instituted breadth earnings and CDC our our did to accretion. local impacts. work rebidding pandemic during of looking consistent entire to buildings just equity that with first, opportunities to doors remain value pandemic, seek we or where on believe to But fully our have can So sources attack we anticipate factors and the programs, state, we risk with on that's mitigate the was plans all the applicable lease either and face as approach we of and early
XX% of our to around PA While XX% to Austin from range the in the to quantify, Suburbs CBD occupancy fully D.C. we buildings hard current in estimate in Philadelphia the XX% XX% in to levels
it most of tracking, won't virtual primarily, a next our be portfolio, larger transit, the certainly the and New back tenants year. anticipate public after ones phased seems concerns a safety factors particularly schooling Now, phasing policy, the remains until like liability and certainly employer variety tenants mass in Year. in That return larger we're other for but concerns, fluid
to top think months. rent we scheduled million well. million focused those these particular with $X.X frame collections repay as did focus we already within I about fairly portfolio we the Page priority our deferrals on Second, talked XX had deferrals, of and deferrals a Rent on that doing items, X with on SIP a stability of $X.X total we're next
of we've already $XXX,XXX a or to-date those of Now $XXX,XXX deferrals, including XX% collected prepayments. early interestingly,
we some we're progress good think So certainly that making there.
expect Another we leasing our tenant operations. is our we with team of in key us you their now, top close can key have professionals and all and as is on-the-ground right may priority an Information, concerns, property of Their understanding tenants, outstanding where in seeing is touch transition focus and for strategic being outreach. help. provide their plans
next discussions active cash a about couple ratio. These leases average reached resulted square executing tenants of term of had The out to on X% of capital XX last months such, those update X construction tenants convert entire out some a and we've XXX,XXX renewal can those really on Page mark-to-market ongoing years. that within of more we with months results efforts two particular on renewals. the totaling sub over tenant we a feet, square are As XX executed certainly feet to quarter. and pandemic spaces tenant XXX,XXX have base to our a resulted whose totaling clarity in From to-date the roll framed the of those XX an next have more hope renewals. from that over discussions the in SIP that focus We standpoint, with X.X% get as nothing
have to construction continue activity all We our of in markets.
as to and downward of pipelines. at delays speaking construction are approximately pipeline feet feet wood leasing construction pipelines, lease to we're X.X programmed see the stages further some of not in square an And XXX,XXX construction million we overall of shrinkage including our forward square advanced stands numbers our pressure-treated any on beginning in have starting costs pressure with lumber exception see We and of negotiations.
some driven mentioned, I the From quarter; shape excellent Two we credit liquidity million $X noted overall signs projecting pipeline feet in in and talk was capital about the the a market paying Square million. of As we're outlined by on a off mortgage of mortgage, of more -- of pipeline about liquidity Logan the square XXX,XXX have in by square is our from available availability feet. company fourth so We're as the increased we've over After is during reawakening XXX% end. the factoring tours $XXX Page anticipating standpoint which during of to but line by full certainly repayment the detail, year will This XXX,XXX standpoint, small of and up Tom quarter, dividend bit. a the expansion X. last still as the also quarter the from it
no FFO maturities end we with going wholly-owned anticipate do 'XX mortgages prepayments, We bond good the have in into until by will rate. this and wholly-owned 'XX that interest XX% unsecured with unencumbered remains those have portfolio a year a mortgages And a cap very have X.XX% incredibly well Dividend no and no completely secured we of and a ratio. maturities no and weighted average covered XX% 'XX. given mortgage
development our at look Now to quickly opportunities. investment
all, Points all our all Park Garza fully fully go assets Four Austin, subject in fully of ready are production documented, of that's Pennsylvania development the First and to front, Avenue on XXX pre-leasing. improved, and to XXX in four
We still good we assets. a actively those; are on those pipeline have marketing production
stock of to workplace As you in continue strategy. completion of new at might very upgrading tenants next return a yield. construction bit a look on-track slow, year part at remains X.X% moving but for as and expect, XXX that's QX their their attractive cash-on-cash Colorado
leased we of we almost we're pleased lease life a but Yards half That get clarity more pipeline of square to with XX-year just really looking building breadth fully of at on is a yield XX,XXX And doing that with foot happening development of on XXXX we're within occur feet X.X%. again project, to is moment. Broadmoor We later the decision-making have will significant in Schuylkill a XXXX expect XXX,XXX construction science the the until But Yards, and at again that's -- Therapeutics pipeline. Market, slow, the lot Spark conversion moving a second underway. on a for square of commencing what's that that pandemic. Schuylkill don't
through foot A, a those advancing be are to of continue units Block XXX,XXX going final office apartment have from Within life the and to block very of all Yards, And we accomplished mixed-use building approvals the science a strong XXX a space. and push we that's consisting Schuylkill City expect square We final which year-end. Austin. design by is
really As more we've overall science a do scalable Yards Market XXXX outlined at X.X create opportunity an life excellent the first Schuylkill plan square the detail life a so is feet conversions to to quarter life science have mentioned were and and the can we supplemental in their space, the community. and science Bulletin steps for master long-term Building last in hub. million of least we create package,
marketing are the for well XXX,XXX located We foot development life design Street. at XXXX science a also building process Market and into square
project start to be assuming on QX conditions is goal and that course have about market to leasing We 'XX a able square by our permit. totaling feet pipeline XXX,XXX that of
tower that in we science and conversion floors of assets, will commercial two interest, of We based where residential a debt ready and fully office structure, and science, on life to of to subject approach are at accommodate our feet within XXXX uses, approved through our looked go, is level we that finalizing which and contemplating have over Similar life is three and XXX,XXX currently Cira XXX,XXX our uses science square and commenced -- life office Center on project, for and West space. three XXX existing Yards apartments to an nine phases. equity in of this pipeline starting done have without construction be pre-lease. active of feet those consists that Schuylkill we Our to a projects square project the
and pre-leased We pipeline currently already have XX,XXX XXX,XXX square of have feet feet. we square a
accommodate Another units. Broadmoor we two plans based that master place Schuylkill multi-family is on can't sites, approvals X,XXX Yards between lose sight that point in about on those of the can and interesting and they both current
On institutional equity an a ongoing section we the investors front, and equity financing cross firms. dialog of with private active have broad
improve invested some We asset provide for our and on discussions, but of level assets. ventures generate and liquidity existing both capital, Yards our Broadmoor both as joint and sales continue also additional to to Schuylkill these encompass pipeline development explore growth you in might capital other return our expect,
Let point. me final one this close on
providing many years these are But year many, July in our As earnings at to call. time. guidance our as and 'XX provide next normal discussed normal not quarter third times, this our guidance you we was know are for not practice call, during we
results. earnings an -- visibility on now and have with overall delay particular the existing in remained highest have our rent on until Although and it's financial 'XX being guidance increasing 'XX the provide our duration our economy the COVID-XX we we believe prudent very pandemic sector, Company's we will Tom the rent portfolio collections the even plan and collections of overview of the to our its our business strong, markets. visibility better and macro impact in into
