$X.XX Thank review in you, $X.XX $X.XX to was an were in quarter and first normalized share the and well the us. expense. good share FFO $X.XX in The The income morning, in everyone. a per operations share FFO interest ago. provide per Thanks other the quarter Normalized and compared tax per of per quarter per growth result XXXX. for share joining share update as for a business. year from I'll a $X.XX on compared income our share company's FFO to decrease results funds and per as increase $X.XX largely the was
X.X% costs fees, a a due last to in pre-leasing average commenced lease decrease in decrease demolition increased year partially NOI and Same-property in compared increase by an to termination offset occupancy.
costs. average Same-property XX.X%. XX.X% cash demolition NOI of leased partially as occupancy, commenced in by commenced to lower offset decrease and primarily decrease was was occupancy pre-leasing And X.X% March the occupancy the in due was XX,
the balance sheet. to Turning
just Net our debt. or $X.X share. per approximately and $XX cash under of no per preferred have in our cash stock, $XX nearly We billion balance is share
interest currently $XX.X income on resulting $XX in and we million the any on and We've shares to our quarter. have buyback earn share authorization. million X.X% We repurchased not other remaining our continue year-to-date, for cash, in
company, per shares strategy. $XX.XX Distributed completed XXX the a its the We've common has here. I'd focused $X.X and been dividend-adjusted assuming EQC what billion of properties. the in few a to billion we've dispositions, price from team go efforts thoughts at our Since repurchased cash or $X.X our We've share. and disciplined responsibility $X.X where shareholders. thought a including we a million preferred for has of $XXX share We've on offer repaid and I of balance billion, of of accomplished sale we've common of per equity and billion. debt generated $X.X executed $XX.XX
allocation, conditions. to respect responsive With capital market we've to tried to be
straightforward. sold XXXX between near of company's first years, sell but we Valuations was and or to assets. For was XXXX. and were all all-time it the at that office our X the X highs that We concluded interest in properties
COVID interest recent coming recovery. Throughout time, of the across When opportunities continued froze, investment and a numerous office the rates focus investment hit, pandemic residential. weakness 'XX sale and this early the we've on sectors the stalled out spike in in with markets market industrial office market evaluated
investment. for value compelling business We have not profile shareholders. found with our to fundamentals creates the strong and date, long-term been that a seeking a To acquire risk/reward right we've
So sell remaining our while we're we're on our in potential actively pipeline, also preparing properties. working transactions to
in the the Washington, the assets in Austin to month. X X have in We expect later and D.C. market this
approval year of business identify we're the wind compelling and for seek shareholders' require working capital. return after likely of our sell, be our will down and the shareholder asset, If approval. through unable largest the end shareholder by last Our the is to given it fourth Seventeenth pipeline, our that in to intend to of we transaction, Denver Street XXXX the will our
to complete to our the asset the wind distribute the assets. sale $X.XX be to estimate following of and any the per of to expect cash cost $X.XX share we it from approval, last We months will with take X the remaining approximately down distributions shareholder most sale down. Following of subsequent that to wind
investment Looking well as the will the ahead, remaining as assets. of sale we continue our office to our progress with shareholders openly activities communicate regarding of
will shareholders endeavor our to with to stewards The And happy EQC that, Bill create continue and team be to your for questions. I are David, value and capital. investors' take responsible of to
