our Thanks, quarter overview and the discuss with trends then results afternoon. the business, going we're and forecast. drivers a Angie. first Good of to will start John seeing I'm our brief some of of our
to favorably like and pausing recently prospective U.S. performance a economic for these slowdown. current Fed. look of global past and growth where over more the retailers any deceleration sets But months, the ago, worthwhile their pivoting bit economy, we terms transition, seen rates up in during the we a The find several closely and global when more growth signs our for a interest seen and and of synchronized it broader the an a of environment pondering at portfolios pretty periods of activities ours. In year economic them by from we've we've rising now were a
discuss As activity, default further, don't economy. retailers credit back in shifts our the John far lease recent of see new pulling loss, any signs so due on we based to our will rates, our
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rents few pendulum grew years, we've too times as it many too fast XXXX and swung the past correct. needed period, significantly. it discussed the to The to over So in far, XXXX
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are we again to where important shifts we drive areas out, these meaningful three start can see As playing value. shareholder
is through our NOI first portfolio. Core The in embedded the growth
if rents have approximately works redevelopments. $X to and per And the year per on growth was we level over external $X growth the over John growth, of and such NOI that's forecasted timing impactful. mark-to-market based are the completion we to been follows: next strong internal and continuing we several create math is portfolio this creation have of to the key to to of long-term properties year growth million drive little then impactful years, several the our while this driver growth we our of And as exist from for and in two fairly most as limited growth share additional right, potentially next can of our growth contribution discuss, with we growth. our to of strategy. over X% X% in accretion our the next driver continue a As growth can potential obvious, in contractual adding the generated Then the by able is of years out be the growth growth as contributed headwinds approximately but equates and the NAV beginning lease-up, this When consistently of this business when years, Core the X% the second several will that is we consistent second look component half incremental notwithstanding Core environment. in the last retail years, year. that XXXX, NOI variety this now case as value state see And NOI had
XXXX this XXXX. was in not available in available not and it Now driver was
on only values a not significant was last sellers only sheet $XX we in repurchasing share. our were we but stock and fact, accretive balance the XXXX, we not be of streets, In the on competitive of rents the the a to where key have will investments did long-term shifts approximately value cost the at approximately yet $XX made of million And in most the recognize capital in created. not shifts year willing believe
for we we're to go turn to So seeing sufficiently offense. begin us And things on to waited begin patiently. back now
but And is to experience to at current growth to market a broader that market in these now that certainly be market, a key that's internal rental accretive excess extent to assets began rate our the beaten properties through Our for growth acquire up, telling it's X% even has to recovery combination a rate. contractual the where of at them. acquire retailers focus are us here X% and a right quarter, In the gotten we corridors can better. in a lease-up, the of first market that SoHo, some rents,
focused process in $XXX portfolio Greene that of buildings the we're streets of that both streets SoHo, they're Our tell retail and of retailers first approximately concentrated us properties our portfolio acquiring in on is million on. Mercer
As on and generally specific know, streets of concentration corridors. we you building ownership specific a like
Diversey dots seen and us Chicago. Clark the Rush Armitage, Walton, You've connect in on on on and
align, M us the D.C. And do we do the You've attend seen same if it to stars Street here. on in
grow but we're are and in. for markets believe great that our Core telling price. a announced urban asset the assets disciplined, in in community something is normal meaningfully timing them. These And the As future continues as be the And of given always, is we this we'll that the our us portfolio is that that base key well provided street right, of ability will are size have differentiated rewarded the our be locations course that gateway retailers the we we seen global of small grow we relatively highly the as in active to shareholders do can business. recently transactions, to portfolio, investment
amateurs. Now easy, been too this this years it's over the many XXXX not during in. to past the building is XX period, We've XXXX for jumped not expertise investors
capitalized others growth crowd out. most had thinly or Some inexperienced, too cleared unrealistic that expectations, has were too of
incremental investment minute similar with two greater forward Then fund transactional Amy looking $X.XX to here. in up the of third activity, filling I'll the growth of also is see period So detail on we're leave but when discussing leg it Not the us our finishing we're the help shareholder maternity accretion opportunities which to by add on does punch our excited But to activity, growth an is spend above a business. as and next in of and equates business. from are to on normal we this the a that should beginning our only able activity. we first be investment to $X.XX her interim, our call. our drivers fund of you weight, keep incremental lights
XXXX In last our on amount our close opportunities actionable and quiet are This strategy City have an closed contemplate in pickup equivalent prospects proceeding shopping investment pipeline all in nicely. nicely we has decent discussed a are Those into acquisition XXXX. CCA seeing in of our and we perspective, after very call, quarter, Target-anchored an on in center as a center relatively we of of we $XX with fits Salt growth already some As first transactions Acquisition. as from for well. outside the million Riverdale partnership Lake transactions high-yield
add. seems as are additional yielding another approximately model nice we In our that potential $XXX of seeing agreement what this as will a have that behind value under addition are investments, be out. sell these Then blend we short, of In transactions we transactions hopefully well to doing pencil to expect. higher buy, million acquisition, fix,
We redevelopments. making our on several are of progress
hard you some driver investments In business process look the third next over this We we're growth are and I'll and that, when look their more growth turn internal feel potential team thank from in the the the to harvesting drive growth last business, the to forward adding we these we and quarter, the for acquisitions and With mature our growth like three to the years of drivers, year to for accretion goals. from our of our profitable portfolio, come. nicely Core fund our over to Core John. at work positioned to portfolio summary, potential I'd in several call
