Thank growth the prospective in-check low, you, read, years. and environment healthy and macro and existing everyone. we from mid-X% during the our Brendan, experiencing past what within stable demand seen keep on the interest economic forecasts to several the to in should low rates productivity morning, to which we and rents we're the continuing expect with continue, ground and Based rise inflation economic on good customers. from unemployment business high, remain range we've Fundamentals
healthy on supply. speculative to We expect bridle this steady-as-she-goes demand and a support keep backdrop
of overshadowed sudden March leasing an quarter closure strong our of the Laser X Turning fundamentals. to and operating on financial otherwise results, Spine
an on with unblemished to high-profile We their profile record build-to-suit of negative financial for know, payments outcome a taking condition, provide a in of financial in Spine's track with of surgery financial of debt, credit their Declining to led you quarter Highwoods center customer last lawsuit, last following early in month. of detailed details closure drove a again prepared existing patient many strong Mark provided and revenues regarding on remarks. Laser headquarters which X corporate and coupled Laser XXXX. the closure the came timely and Spine sudden will we release. terms when was sudden As first operations earnings additional night's March of our the information a press in release his deterioration in their impact an
year customer, to impact undoubtedly Please hard positive entire While is expect focused hit and manageable. our our and flow we will Laser team NOI has our and prudently growth XXth be encouraging. liquidation assured, working as lease from of largest Spine's and Spine the space we backfill to we're replacement possible. full adequately cover seeing now cash in quickly been this from The Therefore, to proceeding. unexpected The leases very disappointing with and access Avion financials, NOI Even to terminated part entirety is to heavily dividend. to premises, Spine an customers. as of sizable and a same-property XXXX already as the a what sign post losing XXXX still our with we the interest is free are we unrestricted as Laser Laser refer of have
XXXX is the parking, main that nearly stair et noteworthy mind. floor multi-customer are building's the our improvements they to or us As of be buildings. long-term medical properties half in where for design a plates, We configuration, a to it's build-to-suit design structure whether a Avion, particularly dedicated flexibility towers, cetera, reminder, practice for space. standard with provide tenant the entrances, This to flexibility,
unsolicited backfill to users. with is we serving interest receiving through practice us from well options in Avion XXXX we to strong, XXXX However, number multi-floor office work and of flexibility. highly full-building as qualified building. standard designed provide bones traditional This a We're the
We are ranging fits and performing prospects from to discussing test drawings lease to CAD studying have activity, good fortunate terms.
Laser outlook, sale of offset $X.XX Turning midpoint and to $X.XX FFO $X.XX Spine to our our items per is our the $X.XX Neither remainder improvement were financials, the in from MetroCenter revised $X.XX dilution is in outlook. partially impact is our prior down Orlando. by by range $X.XX share. full included updated our from $X.XX. suburban by of The they these we from driven XXXX outlook, The which year in were prior of business the and
due We also solely reduced our Laser XXX Spine. points basis to NOI same-property by growth outlook
spreads growth of $X.XX NOI strong share cash to from driven rent impact with the first leased same-property cash and share, basis $X.XX including X% X%. by X above plus our XX We Laser X% prior We rent leasing per the Spine, XX.X%, sequentially impact. were X.X%; plus Occupancy were delivered Laser feet were Spine points GAAP plus effective XX per Laser namely, outlook declined rents XX.X%; would points basis economics, spreads XXX,XXX foot, square to be net FFO Excluding square $XX.XX quarter Spine. average. quarter per
midpoint our by of no assumes expect Avion As re-letting the we which by XXXX outlook, of this at year-end, indicated improve occupancy point. to
continues development program results. Our robust deliver to
Virginia and placed in-service in occupied Corporate For we And $XX with property of combined that properties a a of project a in XXX% occupied. foot X.X Center investment forma, full XX,XXX year is XXX,XXX up XX% X example, at pro occupied, XX% multi-customer from foot announced Nashville our ahead our represent square total pre-leasing, announcement. XXX now is that are Springs XX% Raleigh, I million. pre-leased square multi-customer XX% we over
the pipeline years. at is Demand communicating over This regard them we rise delivers few next pipeline to higher per month, construction see costs, strong to despite provide it now continue the few as XX% been flow we've years. has rents. pre-leased. approximately meaningful and cash With development new in line with X.X% will the for past space ZIP $XXX remained Code Our million
with Raleigh. outlook $XXX announcements $XX announced is development million GlenLake to XXXX so in with million, our reminder, a Seven $XXX As far million
have to of depth sizable to number a of demand sustained active. interest several should across conversations remain potential the continue This with projects. believe prelease prospects leads level of We us
therefore end acquisitions unchanged to the at noncore outlook sales Turning footage. to foot, year, sale Based to date, of was anticipate dispositions our square XXXX $X of work to dispositions. of for of property Orlando our division's We've closed of remains XXX,XXX down $XXX of from to the million. building our the MetroCenter, the the the $XXX last properties, $XXX for quarter, peak second This completed total XX% suburban outlook Subsequent a noncore $XX.X we on X-building, square our a closing number of a the during and kept we million half million. million.
remains assets market, in carrying highly have few that A the competitive the Class with a for BBD-located rates cap For X-handle. office been properties pricing
to continue and off-market evaluate opportunities investing. We with on commitment a to prudent
February of rate of to We stated properties continuing of the to fund million, effective XX-year Moving our availability. for well in development to X.X without second X.XX%. bond with balance the good our interest debt-to-EBITDA an $XXX interest limited issued pockets middle comfort Laser in Adjusting Spine, continuing our of while our with X.Xx, range sheet. ATM in on rates the and metrics remained XXXX. even pipeline Overall, to rise since of shares performing issuing quarter are any our
cash development as flow highly preleased Our FFO projects will deliver. increased pipeline and help drive
over and result call managed focus And We portfolio improvement, continue we with disciplined I'll on will turn this, to OpEx, with multiple improved Atop strong operating now, capital which recycling to the have our combined balance carefully avenues growth. to in a fund sheet have metrics. continued Ted.
