Crystal, thank XXXX you are Operations; thank today's you Dan very with George much. Good participating call Vice Vice our morning, Johnstone, in Palazzo, our fourth President as our quarter me earnings Executive On for call. usually everyone, of and constitute today’s President forward-looking Law. the Financial Officer. Chief Vice President and Chief and meaning during the Accounting within discussed Officer; to statements and call, beginning of Tom call Securities information may Wirth, our Executive Federal certain Prior the
reflected these we anticipated estimates believe we reasonable that will on results are assumptions, Although give the assurance in statements achieved. based be cannot
as on could recent factors that most information that results, annual impact and further quarterly please file the as press SEC. well with the reports our anticipated For release we our reference our
Brandywine about of unclear. yours remain engaged. all foremost, optimistic all to continue First recovery, still unfortunately path disrupt vaccine and business. duration cycle the pandemic be of bit to And us And remains safe, to the and still of every and hope and continues the and deployment healthy recovery at lives a that the our you we accelerating while sincerely
jurisdictions restrictions occupied, to we Our call. return as the to of SIP, have remains And the significant which our properties place. have work as XX% portfolio where to our about of XX% most October comparable still is occupancy levels in noticed in
supplemental on on one details pages to five Additional COVID-XX package. of our approach our outlined are
will recovery. and and strong Dan, you pipeline provide transactions George of ’XX Tom, results, feet. We protracted plan briefly note, XXXX, brief objectives I today, our comments are the very on quarter revenue XXX,XXX certainly speculative After color and target nature then liquidity ‘XX despite were update exceed executed our achieved the guidance review questions. a and we'll that XX our lease of many for our on We our During our provide any and plan XXXX discuss increased recent revised increased of by on our position. discuss $XXX,XXX, quarter-over-quarter developments. by Tom strong closed a available fourth business our business volumes, square review
strong on quarter, GAAP posted basis mark-to-market of cash almost the a For rental XX% on fourth rate we a XX% and basis.
‘XX GAAP For on basis a was a full the basis. strong on year our XX.X% and very X.X% mark-to-market cash a
quarter, expansion, In of have tenant the square which feet feet absorption we addition, XX,XXX with of tenant XX,XXX square positive during no included contractions.
activity plan, come the well full were due slower original in Our to primarily did parking and business the return due forecast workplace. COVID our below revised below occupancy JV discuss, XXXX same-store several that year our revenues the number related sales that delays to to we’ll
the we to cash our collection the and of quarter, rather, collected in the collection fourth office sector rate tenant over efforts track best yesterday. have to among Our collected as of well billings rents with XX% and January very XX.X% continues of be continue in quarter
at lease condition We and applicable buildings. in lease due and our term related very update CDC did consistent $X.XX than general our and A state Our capital targets were targeted most of the which consensus Tenant lights a execution forecast with post lease success was with year FFO in COVID-XX with all impact retention our of our in-line doors share, extension negotiations to ‘XX We and range, do open, generating and local came targeted and in ranges, all guidelines. move-ins is sliding remain ’XX. early a below due core capital short on above cost delays in XX%, first pandemic estimates. on our to for better occupancy minimal were simply slightly good full in outlay. to
most SIP, concerns, policy and employers the for mandates, transit concerns. large mass return employer liability safety a Primary virtual As factors. yet we public the to have variety in workplace schooling of to noted
An However, various touch have ours do and in we with feet tenants, found of leases. to with X.X%. important at progress priority factors to-date to transition These discussions, that small spaces ratio. concerns renewal beginning totaling roll excluded when tenants, just feet Portfolio early over reduced are XXX,XXX rollouts tenants more a top X% pages SIP. an Those Dulles seeing to roughly We point key their Broadmoor, workspaces. continue stay the of to XX mark-to-market retirement work on and the XXX employees activity, their two A and this note leases with the months, and known XX key mind, in aggregating our renewal in resulted roll to years. about of XXX,XXX remains on stability of several and more mid-sized our square X% understand average can those the three resulted remaining we to capital companies our return be had tenant active been their XX one whose have to plans. XX efforts executing is of cash square and XXXX in large we’ve actually next to has term
a work have a and guidance. near economic execution. So, clear is second to executed recently on control the renewal the early quarter given plan established through transactions based providing easy a picture; not our beginning we overall in and to balance programs, forward pathway solid return our That we plan the looking the an gradual into environment operating Frankly, year. with think at of earnings visibility ’XX, pandemic are pipeline expense however, the term efforts, XXXX call
The a guidance from. focused but partners really headlined to possible. do working and seek ‘XX And be demonstrate think ’XX potential. institutional we plan accelerated value. revenue investments growth, key with cost we quantified and we transparent where platform So earnings defined operating is two through structures whether key improvement approach all earning plan metrics to controls the a in as metrics as that plan margin on capital growth conservative, by with The that be set, build can with create the operating to remain excellent as leasing, or frame present ‘XX was our at ranges
cash range is mark-to-market and Our between range is our and XX% GAAP between XX%. mark-to-market X% and XX%,
For particularly expect results will post both positive a blocks all regions basis. our of on others. and in spaces. larger XXXX of cash mark-to-market revenue those we plan from Tyson's in achieving do only leasing coming Austin revenue have several can million fill, has International GAAP in and spaces our our on of objectives boosters larger $X those several forward, significant do Skyway be space about We looking But to XXXX at Barton and ‘XX
phase. pipeline XXX,XXX XXXX through its up X%, same same reabsorption X% is complete, increase, around last store that Pennsylvania to overall quarter to and be X% store GAAP GROW up Drive will negative, significantly close has quarter. Philadelphia to X% is driven International now X%. and while square feet suburbs about Our continue to XXX,XXX X% continues NOI to around feet Metro our region of our primarily this about the of activity versus and With leasing by accelerated renovation Austin our DC cash X% really square
we being as include part plan not vacant noted Broadmoor key master similar will revenue million our we very forecast be Market and million. retiring our permanently placed to Street in development. press highlights; Dulles, range into will XXX does the As is $XX between of XXXX which and redevelopment, XXXX same-store our Spec Broadmoor release, Other also fully motivation $XX operating and
forecasting real at a range being and between This year-end providing the run talk will Spec XX% and revenue that. we that our $XX.X percentages X.X leasing and this a XXXX XX% below be times at being first visibility time X.X forward with we XX% versus acceleration million achieved revenues, between XX%. Tom felt we're lack but and of think the a warranted. will point. Occupancy debt target and EBITDA we have XX% of We and of is Capital to certainly it or was about times dollar on target, which is about are between XX% levels the achieved range will leasing, given
stands $X.X about has square up million pipeline feet, leasing square and advanced feet picked negotiations. Our XX,XXX stages of at including
that have square we're to-date generating related that we for pipeline per virtual knowing pandemic I reasons, tour is about XXX and up too, square tours of Interestingly before, platform to close variety a a launched return feet. tours availabilities As have inspected. fully physical XXX,XXX yet our mentioned over for to XXX,XXX with feet of all being month
office early So having going we space requirements to look think of great on we’re liquidity From credit We anticipate available their in at at forward. standpoint of going line year-end. our $XXX a an that’s million shape. really harbinger tenants
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quarter investment XX totaling state. the at Now a are our suburban partner Maryland. located looking fourth with execute X.X portfolio did $XXX we on during and million. We investment in completed at was Philadelphia development ownership and square transactions. Rockville institutional million several The joint These properties properties an XX% a venture feet. retained We opportunities, valued
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a pipe until slide feet, of schedule science points buyout. we really built West. dedicated this leased now We be at under of couple commencement discussions. later yield quarter which A that do Plans is last approaches be XXXX To construction QX would of including in reduced life design feet the on market line Bulletin by related assuming fully that by a of at since square have by given for continue additional feet The increased yield a We call occupied other XX is have for scope plan in pre-lease commissions, we've Yards the XX,XXX Market one which extended due overall to square our due XXX delay, XXX,XXX on about building over October our We way. being conditions that approximately is primarily project be The underway life ’XX. absorption we conservative, we our can The resulted a some this and have million done Schuylkill recovery is cost on our comments did the do and the X%. longer XXX,XXX stabilization life which is on the well our year that market, Market, XXX,XXX Building $X pace modifications increased construction to X Schuylkill target the the bit push XXXX [ph] It’ll the advanced so strong leasing build years. developed square success in Yards. TI Broadmoor. but million, pipeline and We’ve permit. a to have work square XXXX, and Schuylkill to date our science the to yield to and science feet space, will the quick has in building deliver for X.X%. Yards fully due QX. building, is master basis start and goal leasing project
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an residential We going well provide joint That the venture discussions we ’XX. selection Block well with able results. partnership process start A overview and will be hope underway several to process. heavily our in of very now engaged the financial quarter to of with is the component are third parties Tom of by
