you, Thank Gary.
Sun year the FFO $X.XX, with reported which quarter, line share diluted $X.XX and of For respectively, per core in of the and both were guidance.
in prior the revenue X.X% expenses. year, versus grew X.X% driven NOI increase same-property by a year, increase in X.X% a the During and
increased occupancy only led by to to year by due benefit XX compared rate cost onetime same-property by driven basis prior utilities the points the X.X% grew NOI a X.X% For supply taxes. the and in lower from gains.
Expenses quarter in increase a and increases real repair management revenues, strong estate rental quarter, and
segment, of performance a across same Looking NOI the in was results at revenues to manufactured grew increase strong. each due growth X.X% housing property X.X% and in expense quarter X.X%.
XXXX. by compared of X.X% savings increase the Same-property payroll. For in X.X% transient by was year growth housing a NOI to by in the controllable driven a X.X% year, expenses. revenues revenue for reduction same-property growth increased offset were and with lower especially aligning and costs increased manufactured partially repair, quarter, driven in by utilities the X% X.X% a in X.X% NOI supply RV revenues, in expenses.
The in expense and Strong
allow year, annual operational X.X%. The typically NOI RV the sites volume efficiency same-property site lower For continued operating of also strong supported annual expenses. as RV transient increased to conversions for RV
adjusted be property to Community. resident same occupancy points demand a housing in XX.X% XXX the a Our and manufactured for Sun to RV reflecting by increased basis
revenue NOI very be On the the transient for Marina have years.
The of with higher by was real a by increase due and RV the strong year. in boat to The Southeast. had demand can especially Strong was tax slip and front, XX.X% portfolio year, for we expense same-property dry growth in storage coming a wet for quarter continued the quarter traffic, converted and and management driven outperformance an positive estate increase supported another runway the sites to over XX.X% spaces annual savings. long that
line were performance in As growth and with home guidance. sales property discussed earlier, volumes strong showed U.K. real
Our property level offset expense, results corporate by costs. partially higher interest were other and G&A
Resorts, the during we business reduce made fourth expansion To variable we activity, towards and no investment year, We sites in strategic. and to venture, in Sun debt, longer in be XXXX arrangement rate approximately into progress XXX our with North and assets strong quarter, monetizing experienced and an owner RV development simplified new Regarding entered materially operator. simplify NG to delivered joint America. the deemed our Northgate exposure
and U.S. as one and successful achieve quality position us an highest RV leading the have portfolios it our We with a them, the in owner helped operator, of relationship
we properties, now of joint minority properties in runway to site XX we properties on we our meaningful joint focus interest acquired XXX% properties XX% simplifying how remain interest so consolidated in them.
Notably, growth in we equity our where opportunity RV for Given their sold approximately over X venture own ownership embedded venture a and these own properties that annual transient with majority of JVs, years. hold X believe we have coming XX long conversions interest. the
Campspot our for interest ownership bookings. sold whose that Rezplot, tool is our in to we use we a the continue RV valuable Software During managing quarter, also
transaction pay divest total, netted an our the benefit. Campspot Given position several which the down over NG and a debt. Sun used the Rezplot time we to past positive helped opportune minimal strong In was interest. to cash years, us it was achieve
housing of on capital During we down quarter, the manufactured proceeds and sheet consumer portfolio from loans $XX recycled held pay our the a to net used debt. balance million
the Gary assessed our by $XXX currently now real of are as fair supported reflected third-party discussed, on sheet updated process assets to value estate valuations. related completed X U.K. we As the The note. million their receivership balance market as
own a XXXX of being these And a income all now operating them, they performance from guidance.
The these we in the included businesses. derived was collateralize in managed Park remaining sold in Sandy are Disposing for $XX.X U.K. Bay mid-February, our assets priority. total of and million. Holidays approximately that assets were Now is the team were that their manufacturing businesses key expeditiously by
obligations legal, financial further no have We or businesses. these to other
coupon. sheet, senior our approximately to borrowings reduced activity, X.X% recurring debt the X.Xx.
With respect total our X-year majority outstanding variable and Regarding at debt trailing year-end We issued unsecured under we million notes repay issuance, EBITDA of $XXX this our we balance of net billion credit new with of the to to Adjusting January, debt net December facility. debt. approximately markets had debt XX% capital company to XXXX, was in a ratio balances in for proceeds our senior rate used outstanding, XX, our $X.X the XX-month
for to XXXX. Turning guidance
establishing $X.XX. $X.XX core per guidance XXXX, range For full are the for year in FFO we of share to
for establishing FFO also $X.XX in quarter are XXXX of share guidance $X.XX. per core the range to We first
growth the XXXX, expect pool, RVs X.X% NOI for North U.K., the America, growth X.X% of same-property to for generate forecast generate our are manufactured will in from X.X% X.X% properties housing, of NOI X.X% property the the Marinas included operations NOI we XX% same-property of For midpoint, growth and the In Park year. real same-property including at total property we same year. for X.X% of from to Holidays.
In
the expected outlook is and America, U.K. North in rate X.X% a same-property and in rental Our are on X.X% for Marinas confirming October anchored in RV, manufactured rate guidance for the growth, housing for for average of rental provided solid for NOI we manufactured increase X.X% housing X.X%
$XX.X in sales home America, $XX.X home an the million $XX.X by million X,XXX in XXXX to X,XXX in of million, assumes guidance North At million our we reflecting contribution volume sales guidance at of and America guidance assumes homes The housing across For from contribution RV $XX.X the home our the North XXXX. increase manufactured an to midpoint, our sales revenue-producing in FFO from in U.K., sites assumes sites XXXX. FFO midpoint.
and Myers. million developments complete $XXX approximately XXXX activity, Fort spending related This million $XX properties ground-up expansion For our guidance in Hurricane or to Ian in redevelopment the allocate we to projects of includes progress. our approximately already advance of impacted assumes
development any spend We mark our And investment are commence would not this ground-up a our year planning average developments. expected decrease XX% in XXXX. new from to
the expect we which G&A expect $XXX.X over to and nonrecurring expenses, G&A we Adjusting decrease the of equates add-backs $XXX.X year, for the run G&A midpoint. For midpoint. a increase million, at to X.X% XXXX to anticipated expense at million X.X% between
includes be research and in capital through As prepared a of which guidance dispositions concludes analyst does may the activities, not activity but XX, acquisitions, acquisitions prospective markets capital our dispositions estimates.
This reminder, February include remarks. our markets it impact and or included
We will call up Operator? the open for now questions.
