primarily quarter property Thank base by driven NOI rents. had you, of that impressive Mac, and We good growth morning, was everyone. another same
half asset As accretive rent we with our result fallout for well management Jim of first NOI allowed reflection combined of with originally healthy said, of in projected, base the during around year, redevelopments. raise tenant to contributed as the X.X% a of strength us property growth. the quarter, same strong steps the as portfolio, year-to-date, X.X% growth the expectations performance rent and This the embedded less than
the X.XX% We X.XX%. our removed bottom the for at half potential and the of in finish to previous year now finishing have expect range, to
in certain fourth back very of items we’ve a some range X%-plus and both experience deceleration remainder growth the of of the through X% year. with low as our primary the of As lumpiness will guidance we the healthy rent year, base previously, third property in for quarters. include the half are line the range NOI the growth factors, the and Timing does communicated
I think you drivers helpful this of the minute primary a it walk take be through would and deceleration. to
line with normalize recovery First, levels. year, we of expect XXXX year through the the in the and rates end back to half
as we third downtime Second, great the we while that and making will we are acquired progress the toys fourth bankruptcy, on out quarters. mentioned, of Jim in experience boxes
we Third, going as last. comps of the this loaded fourth And timing quarter the versus of end year other year. against finally, up Serramonte, front major we’re income redevelopment was of tough completed the last in
the impacts, base track third and like to is I’d these XXXX, half we timing that to growth As both through on X%, the remain reiterate above of growth the quarters. second fourth look in in rent
I we earnings, non-comparable growth. a remind which you, to per accounting Nareit to the reminder, increased Turning our like property $XX operating rent year, FFO as FFO straight market think that eliminates the these certain performance to and it’s this are and guidance million line onetime quarter, amortization. driven operating incorporating by the second expected ranges, midpoint, million important better – non-cash also items, FFO total NOI rent have midpoint modestly the share. above-below as well which is items through $X.XX as it’s items same at $XX And And at non-cash
you would touch of into are new rule leasing accounting questions, that Before change internal for that the go certain impact will lease like this call effect REITs recognize over that will I on the aware costs. to XXXX. in quickly accounting Many way will turning
do cash compensation prepared we now impact true our and or our anticipate the these new which strategies. your earnings, allowing with to costs intention will internal be of $X.XX activity, year, economic leasing questions. of $X.XX share, XXXX have on we in standard concludes structure next range any doesn’t not be impact does accounting AFFO, impact but have business, while need or the We adopting the this That a on impact this of welcome reported it been not to expensed. earnings. these And capitalized costs Some will to per have change, the flow, remarks, influence and after to
