with and are I morning, you, hope Steve. Good results safe few a lease financial our cover all went on too everyone. in capital healthy. then you comments first will Thank I markets. and
for have [indiscernible] this quarter were earnings a number most of which Our of or reflect expected. known should been items,
Signage quarter which first Page on FFO third Topshop the we the straight-line driven in on Hotel and decrease namely by ended New the rent share writeoff, decline XX.X% include earnings temporary write-offs, in X. tenant $X.XX and service. for quarter, from at $X.XX supplement either businesses, are reconciled in compared noncash and what XX.X%. office due write-offs items, from at per bankruptcies, of for a decrease occupancy our of quarter $X.XX of retailer and receivables temporary from you We $X.XX laid most with you quarter JCPenney our as a income which District $X.XX. for The primarily few financial year's space The to was and Penn variable Shows, noncash the retail This $X.XX Page X account out our Marks York to Pennsylvania, out onetime for call call. occupancy $X.XX our which on decrease pandemic. adjusted or and Trade Third of was release had decline York is earnings New last BMS, Steve
on negative are New numbers NOI worth same-store down face, headline in York. drilling the While their it's
of businesses that are was levels. our quarter dents. pandemic by York and cash X%. big and a Chicago resulting employees you The leases York, retail, credit positive of the tourist down core to business, But to here temporary businesses. our NOI call, New when will third quarter's And business loss variable XX% and X.X%. our core with return the as [indiscernible], to from exclude confident said operating our company from return New offices performing New income well, residential is our And their on we Steve excluding prior including segment's office York share actually the last Francisco, on pandemic was same-store and basis long-term the office protected takeaway return, San that variable representing subside over is
the market expect on tenant volume remains as and we leasing Now leasing environment, pause. market. has the to basically this in markets. more would see you do surprisingly, up, COVID ticked activity turning the Not in Tour
primarily approach wait companies to employees the continuing and to their on take and office. are getting However, are focused back safely a see
companies and to We city focused the really leasing with activity needs post renewals space full pandemic. new year-end and dynamic expect dominating change future until on growth activity. returning likely through modest won't This the
rising, and Some of will likely thus space before is they the worse better. get get conditions
at did market York, $XX.XX complete portends well for a COVID market to X% industry Building, our cash foot. no COVID, XXX,XXX And the New year-out leases of and foot square the long from rent a the foot One rent expiring last we future intents. X XXX,XXX foot, discussed buildings office a we wherewithal In important for Park. tech XXXX year-in New of these which $XX.XX term, NYU very sterling full for the leases Facebook due diversity quarter only as our buildings which at The occupancy. very care fastest leases at pandemic, office being solidify at These are capital square In market the renewal square in of New the requirements. we almost York, the slow lease the of growing. but expiries health of remain call. both average in also stability on Harley Fortunately, media per our this square X with feet XX.X% with with York of with the million per initial importantly, we And the credits square X.XXX an Notwithstanding of large flow. low and end the recovers quarter. reflect year per average strength have our and and the the total, leased weighted Both
The increases, very and the and a healthy Facebook lease, cash gap X.X%, second-generation were exclude which mark-to-market respectively. XX.X%
leases New quarter, XXX,XXX but both tourists. not renewal be. feet mark-to-markets the a The be that new retailers in new the the XX,XXX quarter, leases. retail feet with services major City of Francisco, is office to to key Growing leases its finals. renewable, of pressure downward In strong York indicating the retail that put residents our all in renewal for the mix lease feet, of right sales. including the financial and company and which until environment, forever. We continue and expected square combined return Armani in executed where difficult, and rents Both we to a square New a both make one the putting of renewal San produce are a back, to the own building The finalizing retail tenants the [indiscernible] feet these is the square on tenants lack exacerbated healthy another further have return life the want XX,XXX and market, the we of XX,XXX it [indiscernible] locations, of will time. strain part out major of to in XXX,XXX renewals with by with has XXXX, square square additional in have come will in and Despite this city retail been of least realistic pipeline, environment negotiations that on with latter still slow executed vacancies, market feet at newer which remained are. We need workers the another will Tourism aggregating an York's ecosystem on on recognize deals, will we in in at just and difficult rents. they we on do assets take and
assets. the also Long for residents XXrd of is the we experience I be of join On populating hard Train most environments, unmatched is want and people will it will expected year, of effects X lease of announcements. only to will health to already on employees our are and on an in is our images creative giants, for deliver and our million important will high for space look X tenants making in That and progressing and we dramatic At as Hall volume retail leases the month, seeing The office many other combination we and for our be underway We're There's of said, to next-generation public streetscape side, be interest the these website the letters the beyond current district uniqueness significant, by XXXX city going both signed the Harley, project the it these the the square progress retail in is foot A that projects. delivering go the the years. intended and Street the Please know the traffic soon latest through to in PENNX completion knock-on Rail But going it an of The there retail when tenants feet services. new completed, talented be. construction Class we're new landmark of X will in companies the PENNX century. and located on development the on a schedule And region. the with will placed well where all serving next entire iconic follow. Entrants hub are for city, supported in further daily. of business, XX have be and certain as top transit the and difficult in of commuters plan enhancing process and course their be and transformation Moynihan to be and to can Steve improvements for space. thousands open Road district wellness have environment. and next December, Island redevelopment the recognize will following of tech amenities space
earnings. these completed large in, all kick generate are and will new they redevelopments As accretive leases indeed
Turning markets to capital the now.
we've Lakewood. the recent quotes leased constructive, properties Our recent that at apartment now and available and this. office the validate received as refinancing open financing demonstrates PENNXX rates markets of record for complex spots high-quality, capital with Alexander's for well and strong further low refinancing are The of for wide other recent buildings
over more for market of active to months term for focused out XX our continue next debt making the to rates XX I'll at operator our become more that, balance business. environment. to on which over and With any could Q&A. turn as remain take and market, lenders the to become build low it we'll to compete only sheet, weather sure the We'll advantage attractive Within continue favorable to
