are morning, Officer; Patel, and thank everyone, joining morning for third our earnings President Markets. Good Capital call. our this me Chief you quarter Financial Senior Campbell, and With Investments Grant Centerspace's Vice and Bhairav of
remainder questions, taking the discuss XXXX. of and for your we outlook Before will briefly results cover our our
share $X.XX expense stable lot We core by control per of a of for have of earnings the share, good initiatives. to and quarter with FFO news growth revenue driven third starting
end, I more units at but mortgage debt we and our of with the our to share on stock which presence leasing momentarily. premium a price. provide that trends. issuance simplify quarterly details attractive our transaction purchase we combination balance acquired Bhairav results, continue will discuss And want Denver some Grant long-term of of will and about to the to the OP in sheet. We our assumed to quarter [indiscernible] subsequent expanded a market with improve
For the over X% XXXX. revenue period in same-store third quarter, increased the same
growth achieved, of this peer of seasonally the resulting by renewal for the at proud lease we multifamily on quarter. and are the XXXX in growth new X.X% X.X% the increased down Same-store while was are top trade-outs group. We X.X%, blended lease leases slowing high end public of which increases
several North continued our while blended we Nebraska portfolio Dakota growth during After strongest our again among anticipated the in portfolio. lower absorption quarter. recent supply markets should and once also saw highlight the lease market communities where increasing Minneapolis, Importantly, we deliveries increases. the spreads while the improvement achieved us, over does and quarter-over-quarter basis pricing. both Maintaining XX.X% against experienced leasing of footprint been which for objective period focus than year. these has XX last the our results is to also supply a has that and and occupancy of occupancy. above our given that trade-off a same caution to communities as of at to years XX% from nationally relative lead rent our I'll recognized an extrapolating have blended occupancy point and our portfolio new the results lower ranked benefited for averages, results tailwind I'd seasonality the to act like outside our national prioritization a Much with blended absorption X.X%. Minneapolis, X.X% quarter. here, of in largest X.X%, future strong
of though to at remained homeownership our helped our increased XX% last debt bolsters elevated levels value months. residents cost the XX%. Renting compelling is rent bad the which during for occupancy a year, the up has spreads trending drive across income Health blended year-to-date our to similar to remains norms, for markets. sustainable and compared historical strong, remains remain seasonally retention Resident from slightly over at quarter, Resident slower and leasing
per a operating results of by we full to of raising FFO As are $X.XX markets and guidance our year $X.XX activity, core midpoint our our share. capital the reflection
assets results results for positive we While expense bottom have are the costs such expectations to well and revenue side the property our the functions. trended line. our include and on items in from that to savings to initial as NOI These low expense utility related centralizing growth, and end certain directly that management are there XXXX, of lower getting as technology turnover revenues, as guidance leveraging
$XXX to shares flow on our balance our and third capital structure are both of the we valuation Proceeds our the approximately remain cash issued shares. about to The we C our In markets raising activities. disciplined opportunity of simplify million. liquidity used were our our was quarter, sheet million entirety Series X.X improving to share ATM, redeem and while improve and capital mindful attractive, but intend preferred
our and a today, includes we our of earnings to provider the investors. Lydian, broadly. and that of a premier and As acquisition and Grant things the apartment communities sit to we be well discuss for transaction over market new very more to I'll drive consistent positioned vision feel Part advance vision vibrant that turn community, growth homes to Grant?
