families are and these year. thank and our in impacts times lastly, our operating during and country the the healthy for for for experiencing challenging rest business the shutdowns afternoon quarter world. we our We first you are of address your from the Today, hope results, I'll the us. safe Good and joining that outlook you pandemic
We XXXX. strong had start a to
low results to range, of exceeded guidance which same-property costs, NOI primarily our X%. drove due growth quarter cash also First strong weather-related
service. increased portfolio record retention quarter leased XX.X% core our XX our continued last and and the highly-leased rates Our points into basis leasing, place during to occupancy developments by is driven sector-leading XX%, by year's our to ability
of renewal basis. a National and full the building government the renewal volume and building down leasing in roughly quarter, up with the XX% rate a scheduled XX% rolled date executed or to achieved and includes expirations. the a first a have GAAP been defense feet on solid. the in rents minus volumes our annual This robust of XXX,XXX BW Park contractor full at Corridor. XXX,XXX X% Leasing of U.S. of a with on completed Business square We including and one-third a cash renewals feet renewal We square basis
XX%. we strong transaction quarter Redstone was we a first April, In feet, leased as the XXX,XXX by leasing Gateway in quarter the build-to-suit year's executed last volume exceeded First vacancy Huntsville. square and at quarter
in provider aerospace As night, headquarters leading solutions last press we're for of a building release, developing new engineering Cummings for issued Aerospace, complex detailed a systems. the we
lease Additionally, delivery block government Secured quarter the of U.S. process await leases we friction Both the the were of first executed expected during a close of with at large to for and shutdowns. these Gateway. XXX the delayed were during by space
with to progress into contractions We and executed We lease bring at U.S. government also megawatt long-term made DC-X. contractor supercomputing a recently previously disclosed. strong backfilling a new contract we the X.X a facility the
with XXX The is company relationship. very strong whom a tenant have a Fortune we
megawatt the We it to Additionally, XXX% the square XX.XX quarter. this foot we quarter. year XXX,XXX the renewal this expiration negotiation and service complete expect well development leased into progressing is the for placed during
our totaled U.S. that lease X.X developments XX% feet XX% leased delivery new be Following delivery, government. leased currently with that active will are and the the upon of million square
our on the Now, the minor. to have very pandemic am report I'll impacts been discussion had has which business turn of to the I shutdown pleased
day, No over Our plan, and continue combination virus each our XXX the the operating implemented confirmed our effectiveness remains long-established with which have are protocol allowed failure. operations pandemic without us unchanged. and business remote of our operating We workers seamlessly. systems been continuity supporting employee to has COPT
operational remain low. and infections throughout Our is fully the our properties that reported employees tenants' crisis among very the
for has has shutdowns. the continue volume before remote to commenced negotiations our processes pandemic of during the slowed, so remained the to locations leases shutdowns and discussions advance. that complete demand necessary working Various with timing take more lease New time the high but
square feet exceeds opportunities development Since pipeline hundred X thousand square development shadow million has by our and our future now of call, several February feet. increased
area broker new negotiate new only is shutdowns a tours The with since late shutdown the showings one exception March. new for been have in that space being their has The vacancy space tenant of U.S. whom showings non-existent leasing. as the virus. showings government The shops result And virtually by affected response been activity directly. with to the the we
square Accordingly, quarters. although see has volume or foot reopen, once a COVID-XX to Development advance unimpeded continued to X.X we expect by see activity third shutdowns activity deferred or expect flurry in to the quarantines. fourth we get transaction markets into our of some million labor pipeline
vendors We have our substituted either them we've experienced some resolved or delivery but schedules. disruptions, maintain or to delays minor
our of concentration tenants and contractor flow cash COVID-XX-related defense high operations U.S. stress. Our insulated government from has largely
As a we collected very during April XX.X% period high result and rent total collections of shutdown the on have billings. remained
resiliency of and revenues National our comes defense of our reflects which our mission-critical strength XX% The are tenant the as locations. base from the revenue supporting locations central the businesses. of designated
the long-term funding flow restrictions. to their shutdown tied So, activity. cash or that tenants commercial our from exempt U.S. contracts the Furthermore, is general majority of government and are
has rent local The tenant in set is service ensure on tenants tenants impact crisis food to to pleased largest Regarding after of of the tenants requesting portfolio. quarter These value of our amenities our relief, We're important we extended offer report we're are this these lease revenues one relief nominal. an with proposition the tenants to I'm for have and properties exchange working component passed. offering are the terms. rent to in free them appropriate
concessions of represents X.XX% set this To-date annual revenue. of
tenants impacted distance. whose We have social of handful by businesses a are
full the rent these For we've of up flexibility amounts to and granted to of defer repay short tenants time. timing cash periods in relatively over months three
X.XX%. to approximate would currently rents all of additional and represents set to some the already annual under relief annualized X.X%. of granted do total We are our accommodate concessions add were requests have if rent concessions date impact bringing just X.XX% them discussions these rent of granted tenant that this the we to to To-date unresolved on rents
can impacts original now, to of we the all well-positioned our see the are guidance. we midpoint right With meet
adjust is to down absorb shutdowns. it after believe provide prudent effects to $X.XX by the unforeseen our of capacity guidance we However, to
contribute into $XX XX% $XX to which assume service leases. Our of developments guidance of results, and that executed NOI between revised year is cash full from continues placed million to million
of delivery lease government this increases in Huntsville, XX%. number the to Upon
feet during in square the addition quarter, remain place XX% service XXXXXX this of lease million balance In on of placed square X.X service feet we to year. track the space to into another the
our help to of into developments deliver square projects highly The incremental we drive to feet place FFO and another company will growth NOI growth in XXX,XXX robust position XXXX, from leased expect when year's least this at service. these
momentum for of degree have will square development a steady one leasing that high new million buildings foot giving discussions us Lastly, our negotiations for new confidence we our and objective. meet
With the call that, I'll to over hand Anthony.
