billings. I'll quarter comments quarter. NOI, property prior XXXX the morning, a through provide year by sheet. was few Same guidance, excluding and up our X.X% on balance some Good current to Jim. start everyone. touch third in Thanks, on base results, our we've the to This addressing changes walk collection third losses rate. be as of historical on about rate a to indicated comps collection But of uncollectible previously, are lease metric basis last year, income XX more year we continues back by now run points growth diluting current impacted the on noisier
steps close X.X% and combined representation contributed leasing continued anticipated we anomalies collections, Included rent year QX that occupancy rents million. the on within million fourth by of rate, total property stress totaling reflecting impacting quarter $X and to for growth strong we guidance an today. base our XXXX expectations our of rent bringing best growth with $XX I'll increased to our some have base now the million related still convert progress we've prior to strong while our business driving range remaining $X continue believe to marking growth reserve year-to-date trends million that our accounting growing NOI we results another full-year embedded the to Same XX our we have is our is rate, pandemic collections our rents Importantly, market as made that pipeline. of
million We our of back tenants also of in a another reversal X% FFO. straight $X.X to the rent basis accrual resulting Nareit to cash quarter, in converted that reserves third contributed line another
have conversions, accounting. remaining now of our a on these we basis X% cash of Following ABR about
most million fourth in potential line it end, have but [$X.XXX] currently our As FFO trends, XXXX but in $X X.XX%. of what's to importantly, new Nareit a any [$X.XX] and by midpoint property quarter million rent range. prior was we possible another also guidance which the see that conversions included [ph] of convert just in not in midpoint an range by line before improvement driven the ex of collections top has straight was increase XX at of which our may to in to discussed, further of contributor $X is X% reversals XXXX raised straight guidance, increase our rent We large been that reflected [ph] X% the I prior-year full-year at result range in core we could year to X.XX% basis to a practice, an collections additional on the Same the NOI points growth year
core growth per Our of the of of of and collections impact the represents operating backing share impact out further earnings non-cash year-over-year excludes prior revised when range $X.XX items $X.XX X%. to
immediately adjacent low earning acquisition guidance, pipeline. rate, property to for portfolio This going that a value-add $XX mostly as is million East Stew our We bought This anchored our we Long a future opportunity cap Island is made also Meadow, redevelopment last few center of the a ideal to year. addition quarter-end. shortly late center which closed to in to part after the transactions Leonard's our under for tweaks an adjust us, of
February, to usual, like for still we you presentation ahead details. XXXX, we I'd we earnings provide context modeling numbers, hangover to in some our also that guidance pandemic in over X next provide Looking as some noise of the to have but Slide think full-year about our you recognizing as year. additional will earnings our would refer
lot $XX change dramatic First, prior from we with most now XXXX prior-year earnings years, benefited experienced where $XX to several an area by the XXXX, current of certainly recall last and guidance over our in in the the that impact height left million the proud regard collecting of collections, we've the implies million. collections strength rents, an base, We're are whole the but our pandemic of much collections tenant success there's not These we thankfully, during bucket. which those had of this of evidence reserved XXXX. of in a
and we As XXXX. initially collections another we ahead, XXXX expect year, recognize look next $X only related to of in million reserved receivables to
should $XX reserves positive start from rent anticipated million the of normalize. those a non-cash to items of Beyond our I'd the impact year reversal to contribution where guidance million includes impact like from the current collections, point-out line XX pandemic-related also reserves. straight of
any further from XXXX Our not guidance conversions. impact include will
now, right approximately items, and full-year $XX amortization line of which debt of XXXX. above As of non-cash below we market above rents rents straight million market expect and the for include and total below
Turning balance Moody's, recognized well-positioned REIT to we have of to on remain for the that placing us sheet, proud sector one strength and strongest outlook the during with been balance the quarter. in by sheets the positive third were
our debt-to-EBITDA, Our revolver. full the is target net which of leverage range and ended at our quarter the we Xx with capacity is lower-end on
spreads with rates impacted no in future value-add access We meaningfully everyone's need debt well middle holds opportunities investment. whether have with markets XXXX, has volatile The we wider the until maturities prepared treasury near credit remained unsecured rise extremely challenging credit for the are the debt markets We no but these increasing cost patient. further or to along in conditions, term. debt can capital, have remain of of the uncertain new and
XX% back to leverage With low potential suppress will years. growth over marking long-dated our negative and that, rata it schedule the Lisa. to of in coming further of turn to help fixed our our any I'll impacts addition, debt rate In debt-to-market rate our and is pro maturity
