third Steve. compared in to starting million. NOI, for decrease segment $X.X the of year with I comparable Thank of $XX.X over third some morning. period, quarter, for be which quarter going prior the XXXX you, million our our $X.X million Good the highlights will financial of a was
Office in respectively, multifamily million segment, lending Broken down segments, business by and in we our experienced Hotel segments. and segment increases decreases of in were $XXX,XXX and our X our $XXX,XXX partially $XXX,XXX, offset which $X.X our of by
Our last quarter NOI of $X.X current the million year. on gains unconsolidated from Office unrealized office segment entities, primarily which unrealized decrease their our net during to to of by experienced from the collectively million $X.X real pickup QX in in compared was $X.X in estate net earnings driven million investments losses
our office at property California Additionally, operating in saw in expenses an at Austin, we Oakland, property increase properties, an consolidated and in an primarily Texas. office
to Our quarter was quarter third third related million decrease attributable $X.X of of of in last XXXX during began XXXX. $XXX,XXX decrease was the third from in renovations in by the to impacted hotel the segment primarily occupancy, $XXX,XXX year construction hotel negatively to a for NOI quarter which that
The profit at to increased $XXX,XXX multifamily monthly and last a year. properties $XXX,XXX unit, Oakland, of approximately of to the NOI higher loss concessions a due segment occupied in in multifamily Our higher California. was rent for improvement per our rent primarily of of $XXX,XXX third quarter net occupancy from
$XXX,XXX interest our amortization to intangible $XXX,XXX of while lending amortization the of during a $XXX,XXX Oakland In for last no during there our due the resulting SBA expense which by acquired loan-backed full repayments to million, for acquired XXXX. principal on driven our approximately assets, of was depreciation was we in intangible quarter And and decrease assets from for lease significant was from division X(a) assets decreased our in-place nonsegment amortization increase notes. $X.X in-place XXXX year the primarily in expenses, had third NOI
is late shares our record available approximately September common in XX.X amounted preferred approximately X.X X.X caused redeem million to AX $XX stock, to net redemption, with to AX The paid and our of preferred shares. election of common reduction in We suspended of offering of million A shares we stock Series of importance the preferred Concurrent these Series as stock a redemption to which a income us approximately stock. such stockholders. million total issuance Series XXXX. of redemptions of total million the Also for shares of through our
current The based our $X will the improve year. preferred FFO liquidity million and redemptions nearly are part efforts by Fed funds to ongoing our reduce of and per rate, our preferred dividend on
our FFO negative Our period. diluted redeemable compared share decrease year segment of share caused and $X core as and in impacted calculation. a $X.XX FFO compared by $X.XX period, by the in core FFO the preferred prior in comparable the redemptions was increase was per was in preferred the NOI, year diluted core negative million decrease mentioned negative a not stock in The prior decrease primarily $X.X was the the are but redemptions NOI. to FFO excluded our in of to FFO $X.XX The a $XX.X per negative previously million decrease driven comparable from these stock by segment in redeemable
for can open line We the questions. now
