in third on quarter I Thank of the progress you, from fiscal the balance as our elaborate FFO our to transformation fiscal of am Mark. third we reported operating our of share, $X.XX on night, decrease as of of with and per how well a for quarter sheet reflected reported $X.XX core activities. financials, XXXX. pleased Last initiatives XXXX is
$X.XX due assets, decrease the of XXXX months the non was in from our NOI and share, year-to-date core For policy from previously announced period. nine primarily reduction commercial and a decrease per multifamily core a $X.XX prior of The was changes. to sale fiscal FFO the capitalization
based same Revenue results, our rental revenues increases other rates for rental occupancy, quarter X.X% year-over-year and same and for was growth the store resident year. store to revenues. grewX.X% by the Moving the months of in driven nine
period. our quarter, XXX and Our points same-store nine for XX% to for the occupancy basis the in weighted portfolio to points XXX XX.X% average basis month increased
and power goal a Our to expand by will achieve increase our weighted XX% margin. XXXX, remains drive near average efficiency, pricing goal occupancy we believe our a April
occupancy we focal growth increased begun approach prior NOI. in to to goal, rents. a our X.X% year occupancy quarter in the shift from the to increase asking have increasing store resulting Same our As compared % we X.X expenses for point
costs related nine X.X% and leasing And achieve same and $XXX,XXX stabilizing and line expense higher in For A real third a a the $XXX,XXX removal for million policy estate the markets. increase in build suspension million in a the due decrease snowfall Both in and increases increasing dollar expectations normal levy prior claims. to NOI to current to related higher estimated costs in resulting our activities occupancy. months, NOI. in efficiency reflect turnover in to increase XX.X% during the to first reduction of and first The increase $XXX,XXX quarter compared increases select operating our are increase Offsetting expense year year. strategy prior $XXX,XXX primary reporting. and same $XXX,XXX of in to to expenses increase year, an for the a in due in taxes improve same were in of redevelopment activities increase small A these year. weather-related platform, the $X.X than in was to of labor higher store losses rates the the developments nine increase with financial marketing the increased components in casualty related increase store of capitalization results months costs occupancy store an number the snow changes. $X.X our the
growth be the for comparative expense growth lower months comparative of reduction for expense fourth the the costs the quarter the as third snow the to during higher expect reoccur. third we with than expense rather to removal first quarter the do expect year, the quarter, of not achieved We consistent in six growth
of the our increase change respective the was page capital The first expenditures, presentation, quarter accrued that their presented the million offset SXX in allocate year. does $X.X on million million tables our prior increased CapEx expenses. to by policy CapEx represent property in does redevelopment $X.X supplemental, to Moving an capital but of related $X.X are the comprised CapEx during estimated is we presented properties These third in were of increase store the categories, the for $XX components. $XXX,XXX affect as the of resulted corresponding aggregate million increase which the in as of activities changes months as how same the in of not year a spend the to numbers compared And following prior CapEx at to year. during in that million to undergoing a increase to capitalization of supplemental. related to increase reduction now $X.X an An all increases a were due nine to
of during value value the Turning same for million prior $XX.X our year year. the expenditures add to current decrease months store add, to first $XXX,XXX nine capital the from
As activities initiatives in under a with re-launch redevelopment May recall, XXXX to while management we new program value our evaluated we asset team. suspended intent the add may you the
expect the The expenses year. a coming several in and identified decrease decrease portfolio salary in due and decrease primarily and from opportunities million increase for the redevelopment the were now General $X.X $ those costs. was to have administrative to quarter our related expenditures We see quarters. Xmillion, prior
of return boost million and $XXX,XXX expect to G&A $X.X quarterly decreased our from months teams. G&A rate by and during as transition run positions year-to-date nine the recruit talent we prior We first Adjusting operations for year. to open $X.X approximately quarter to cost management our fill the million per
Turning to the balance sheet.
to We quarter. during our financial improve continue position the
including liquidity, As on of in corporate our million revolver. January we XXst, available total have $XXX million $XXX
have our pool to and $XXX the Upon cash Mark, our cash have on assets closing of of quarter loan, and tax-deferred also will on these to corporate availability full of we'll agreement Denver to remaining increase acquisitions. rate risk further utilized for assets of sale million of acquisition of revolver, unsecured XXXX in unsecured loan the mentioned enhancing join utilized Westend interest defer. have We the during of our the matures the in interest flexibility. reduced synthetically million increases term from in to $XX the and we'll This property all executed by a we the acquisition of financial million fix obtain be that and We the the swap approximately rates. funds our also duration gains restricted exposure for restricted $XX
increased While sales, the anticipation of benchmarks. we metrics to of we as stabilized increasing our on quarter in quarter proceeds debt achieving work investment debt NOI the the in and with asset toward prior we will have our leverage grade and line continue redeployment third our unencumbered now pre-funded
to us resident concluding prioritize portion to create operations on programs redevelopment we consistency continue initiatives expenses allowing and profile track quarter to optimization our expect additional asset of over revenue, Expanding programs to increasing portfolio drive With dedicated to the review ensure turn operator seasonality, amenity to introducing growth, will an in-house our restructuring continue manage our department completing isolate I expertise the grow margin for an initiatives. call of our to specific our operating actions scalability. expenses the that our and markets be to turnover expiration Finally, that recapture and the with during will questions. create across to taken to of including better cost, pricing
