third today us our joining quarter call. for you on Thank morning. earnings Good
high-quality ultimately for centers, profitable filling a that traffic our driving of with include, have long-term We new quarters. increased execute continue been focused strategic to number the in-demand on positioning for the we growth. on and priorities to Tanger tenants vacancies These
along that the third and operating the ahead and results some expenses with our our team benefit related efforts rigorous quarter pleased recovery expectations were of the of of the our are timing We reflect the of from income.
factors as NOI necessarily variability shift as or of timing a store year-over-year. the remind income such in due typically openings, and experienced not such and seasonably quarter-to-quarter that and to we Let events some do align expenses, the which holidays you in me of impact weather, severe on
successfully to the our has of occupancy basis consolidated end quarter second team increased points by of XX.X% the portfolio. since Our XX
of On at our our September. consolidated basis, square prior NOI centers weighted of sales XX Additionally, our in in or are months, portfolio path the encouraging. the up X.X% for healthy the an $XXX Florence portfolio our a sales year XX% trailing Hurricane were foot per from of Unfortunately, period. centers seven were in
to then day severe employees are a we return. for thankful Hurricane slow damage we that This to event, days. While lot and mandatory weather slowdown moving during affected to build We a local a closed to going safe in area, plans, we the was were in storm Tourists for with and it evacuations meaningful had significant and at Due consumers centers traffic after the areas, that just XX of impacted leading were awhile beyond the hurricane. the our a media after their took and centers. resulted hit. cumulative the up, cancelled the had our which no up
sales engagement to in our traffic conjunction successful drive help centers. programs and running continue with and We marketing tenants our at
more members than XX% We frequently our are customers, of expanding more loyalty and Tanger also diligent and average club sending remain non-members. program. an our best XX% shopping
X,XXX,XXX people. year, up memberships to past the new XX% Tanger are our approximately sales Over paid over loyalty total increasing club membership
the most we marketing can productive these our merchandise to do efforts, most important popular and thing is centers the Beyond with tenants.
years over caused past and that has few space the the vacated backfill to store working diligently been bankruptcies have by We been closures.
exposure store have tenant comfortable our any importantly recent not in quarters do relative more portfolio. to and or watch list are with big our department We box
they are having and renovating with more about tenants some stores partners open and investing as seeing about increased feeling actively their in, future. are updating our We are discussions tenant device confident the
the Additionally, time occupancy to their discuss direct store presence non-traditional that they and the to on the favorable stores with a where day provide try our test cost, consumer, with growth many looking time add and compelling online working strategy. walk retailers online can retail and item. solution to to product for opening Over and component take we are real brands their out
expectations is we our need we it into will high encouraging, there year. our terms. merchandised still well that next We maintain centers rent While anticipate conscious occupancy in remain this that be adjustments important We to going longer-term backdrop and keep is believe to in selective and dynamic.
proven demonstrated with our digital, have along with our the and approach our to initiatives, of marketing tenants. Tanger centers, to working at history, of be maintain growth. in our our evolve we tenants continues specific through This allows pursuit benefit amenities occupancy opportunistic programs the tenant to long-term mix, our us includes with As consumers.
However, to that’s prices the the continue experience cycle is that and providing. every consistently brand want that is consumers thing Tanger at best through one we what best the
Finally, shape with we in financial in flows. terms supported are of our adequate good flexibility balance cash sheet and capital by position, stable
quarter. covered Our dividend is ratio payout an of well XX% FFO the with for
on to allocation significant We unencumbered discuss who current singular maintain the decisions like no have remained capital call over XX% and would a leasing shareholder We to that, over disciplined coverage turn interest McDonough, in maturities environment. our the Tom a have will and debt time. now I creating sales With focus with value XXXX. portfolio, until solid
