Mahbod. Thanks,
quarter common shareholders net to XXXX, first was versus diluted the loss share quarter last fully fully For the diluted $X.XX per first of available year. in of share per $X.XX
XXX sale result X was Before and in we as our the accounting reclassification all well X, shows as our statement of for further to into I details periods by have Harborside the X, operations X X, reclassification. discussing and is presented. get and Harborside out XXX the financial additional simplifies fourth of Hudson, income quarter, variances triggered into for quarter. that the discontinued presented call This significant River statement hotels been want and from reclassified This the X income the statement. an
factors other our and as the primarily As revenue the GAAP well Mahbod strength NOI, first the acquisition year-over-year as greater platform, such the allows developed million rental of stabilization in of statements or a The newly for now and growth testament to and our dedication assets out been operating to growth, the multifamily growth team. as This quality nearly of of This just XX% comparability. up our a quarter highlighted, our assets reclassification particular, by of In organic of portfolio has XX% is ago. with James. increase driven like of I'd from making financial current call the substantial historical $XX HausXX of year ease and
a Core an $X.XX first to income. quarter-over-quarter to other D&A up $X.XX quarter multifamily factors, fourth FFO in in including as in quarter. due compared a for variety of the increase Core the FFO and was NOI, was reduction improved
cap lower facility, HausXX plus balances a to in benefit on the of also XXX due from benefited on interest have Front the average the expense Street. and reduction credit We
limited lease-up concessions stabilized to announced we the for concessions XXXX. February, in occupancy, we off expect rent and continue being In straight-line that the offered during remainder currently of renewals, through HausXX granted will reached burn while
as in-place portfolio, while realized NOI quarter. estate as up and the Store a last due Same XX% almost onetime taxes was rents NOI fourth to of the compared result quarter increased by by first Store of rents higher in we the across to lower catch-up the sequential X%, driven Same increased real year
to of in the seasonal and large Controllable property activities to efforts extent, to as, certain timing improved part a operations. due lesser as adjustments Turning and costs. expenses non-controllable optimize well our to continued
full and our As million cost costs, and we certain We core cost after and G&A first administrative structure compensation-related quarter. for for operations further as through through our was for work our general XXXX adjustments, optimize one-time severance and anticipate adjustments beyond savings enhance $X.X initiatives. stock year the ongoing to
million rate balance is our from X, Harborside second in income reported repayment the statement quarter. to The on on earning anticipation deposit preferred will the X.X%. the X X of in Rockpoint's approximately and This the interest sale received of of and a income be $XXX as On interest other at interest, held sheet. investment of
ended We of quarter time. with profile or of X.X our XX%, to last demonstrating a XX.Xx, turn during in of in the representing improvement XX.Xx EBITDA an dramatic net short down improvement relatively from of approximately period debt year, QX a leverage
stable during also ratio quarter. remained debt-to-undepreciated-assets the Our
leverage in remain seek is confident variability continued we anticipate to in the transformation, our we trend downward sustainable. that we conclude as earnings, While
of one maturity we As have we our year, $XX Boston look upcoming only which the this our maturities, future stabilized outstanding towards on the million is and properties. one mortgage
with weighted a XX% our maturity years X.X average portfolio of Our debt a total and/or positioned of well fixed with average remains interest of X.X%. weighted debt rate hedged and
Harborside approximately X, X contributed the FFO X and in of core million $X first quarter.
from a $X number items, CapEx the rate a age in portfolio million a particular, quarter. We've young, office-focused our to an a is closer was run to the less to requirement, predictable given portfolio. due that income with transition year, one pure-play smoother, vintage, of high-quality of average of more portfolio one-time of six profile previously noted However, multifamily onerous benefits
AFFO, through where this You million for can of FFO than which shape first FFO take results was starting see XXXX, compares has converge QX AFFO core core This historically almost us, core than our lower FFO. quarter at which to lower the $XX.X been to million. with $X in
NOI range Store X% like We our to of would X%. guidance reaffirm to Same
into While range uncertainty. maintain guidance the and given quarter current is this prudent are it results of range, believe one-third exceeded our year, economic we the we the at to the first were broader way exceptional only and
guidance continue our and believe will monitor to portfolio revising we it should is consider We warranted.
we In reduction expense level strength conclusion, which we rental in further report growth, net saw to corporate are year-over-year EBITDA. of optimization debt positive another continued quarter a pleased to substantial in our and in property structure our and
for ready are the we that, to line questions. open With
