quarter. with it's an which been during XXXX near-term at second good We've and pipelines our much strong ever to saw quarter morning of we've volume first, in the XXXX $XXX on are active pace fourth I'm into report that and our even pleased to exceed Peter, we in very many trends of the you, for Thank perhaps stronger expectations of close stage to continued than investment several initial fronts: have we had to a the million the XXXX. positive everyone. year advanced start strong already expect deals over of on
especially activity industry-leading expected pandemic cases in global a decline business to are collections rebounds. and economies and in rent high forward, macro to will portfolio and Second, COVID improve confidence continue perform where environment US the going delivered the we how our have throughout as
ended issuances US both next refinancing bond majority placed now access capital, Moody's by scheduled Europe attractively-priced maturity past highlighting trajectory sheet XXXX. the on during modestly Fourth, in that and our the and outlook attractively-priced forward. were which first two access our delevering in equity to reflects quarter. positive our of maturities Third, capital have the we we funding where business also going activity significant to we and positive very through us fourth of continue the our and gives and week, on In with to compared the we meaningful investment coupons balance recent we executed locking ATM will low accretively debt our raised quarter, near-term confidence in to the record
We proceeds in available also raised still equity we the equity XXXX. through have forward
The joined with Gordon, and this the John Sanzone, Toni our active plenty at of on attractive the of results balance sheet year. to us are Toni our we and quarter investment Asset strong AFFO has will our our our So fund activity. over and XXXX. the allowed morning activity of in portfolio our investments, spreads remainder new along and raise President; for raise performance pipeline, closed guidance of our flexibility guidance our how combination Head for Management. raising capital Brooks investments I discuss CFO by Park,
completed During acquisitions capital of million first $XX $XXX $XXX and the we million quarter comprising investments of completed projects. of million
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the we properties to France, opportunity They're million. energy. retailers April, to completed also on triple Southern the of tied rent From transactions to long-term which renewable a million properties Including perspective, hypermarket the tenant of are early leased an top-performing sites. year-to-date CPI. a located investment net increases in transitioning tenant's closed and largest to volume one three in in totals Specifically the lease food master Central in in $XXX world. our committed with invest $XXX ESG this The French April, an among to we was Casino, rank the sale-leaseback
our portion of to meaningful to contributor tied the increases is a our acquisitions, leases, future built from significant accretive comes inflation. to addition a growth which In into rent
escalations. Given renewed of rent XX% from moment comes for ABR XX% inflation, to generated take to ABR leases our increases. built-in of expectations is leases little some on our inflation. a of higher a with tied rent extra provide form I'll by detail
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be the caps, For to more than continue drivers in now relevant growth as floors of annual however, leases. the our
XX% leases from flow increases, increase annualized of average to on Finally, fixed the generated is rents. will generally so an through X% with is ABR over basis. approximately where occur increases time rent annually, Rent
best believe our of lease we for one net inflation. the we escalations, positioned Given the of profile REITs rent are
current find indicators sellers property seem wait-and-see types, back almost office, underpinned the a on the work-from-home in to we're rise trending positioned and strong exception be where aggressively by and vaccine-led recovery, In deal cost range wide continue approach, flow a the the Industrial buyers plenty being with opportunities sector our of we remains capital. recent all environment. assets to positive our we're seeing pandemic. a how to the momentum by pursued of continue taking deep during Turning demonstrates given US but be accretive as economic of across significant the diverse a transaction to it of very of
cap the in generally sector Europe, flight in generally We strength growing XXX to retail, competition there's strong retail also company's of grocery, in cost capita, sale-leasebacks footage Europe, in capital lower prefer region it should spreads to to in industrial less of up lower than manufacturing pandemic are our as US, where square continues Food retail driven US. be resilient a the gather seen core businesses. In As the assets, quality. significantly remains entry US, debt the has freeing the XX results that basis competition. further particularly during interest while for compression, and in means the in a support comparable per proven wider sector and in rate has be to points higher to for to a by assets especially barriers redeployed
sheets. balance deals illustrate, sold have market they we investments our to on access executing by the Europe shore good their A record up recent look estate amounts as recent top-performing As of sector, to the in has real been stores. theme successfully retail COVID-impacted in in being companies, grocery sizable
market As expands transactions of in addressable this the trend a deals. positive market share leader for the our and we're region, in ability our sale-leaseback that confident is to capture our
Before remarks, in touch I growth, environment continue want generating an ability rates even briefly to my conclude remain spreads cap on and where to I tight. our
years. debt a first we with we issued recent Our cost bonds the U.S., twos. in during coupon XX-year become issued low In in X%. in quarter, increasingly below bonds Europe, efficient coupon with the of nine-year has a And the
to we going-in we cash lease achieving cap one bumps. for In but it's not addition, longest lease are XX the built-in or terms our to sector. have investments originate accretion only yield over believe be years to strong that We day leases investors more our growth. rates, the of And net average in continue attractive the from tend rent annual with the important also understand,
supported flexibility favorable that's yield of projects the liquidity years In scheduled with track substantial pipeline Toni. years a and the initial combination the we've markets call capital capital a average rent through access a that, investment we're opportunistically. strongest, the pass we've complete and record with capital, to-date, an closed many deals on in approximately within volume, rate to For XX over is in mid-Xs, of and deal the X% for commitments over the by year closing, And I'll to to the the annual cap year, seen near-term X%. for a cost this bumps
