and Peter you, Thank good everyone. morning
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of equity of the strength XXXX, Looking we replaced are our April S&P for ability trajectory In We in sale attractively agreements positive about about balance our ahead, sheet available $X Moody’s, we by and remain XXXX issued our outlook. our outlook we of of believe on capital. a us continue priced combination agreements, on per capital equity $XXX business for through have settlement under accessing to confident and and positioned we of issued initially put billion forward million we positive of Currently, share. back ATM around reflecting equity the well forward to debt program. settling in at $XX
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continue Europe. and asset the industrial of either our albeit private quarter, or in and capital both to how starting in are to to And off, very central of favorite compression, pipeline, we terms Capital flows, any both. the cap potential especially remaining rise, our in or markets slow with the compression affected XXXX or and the expectations ability market debt. rebounding the for from bank the cap rates Turning the Europe given that increased to investors closely rates of especially remain U.S. raise the take lag. somewhat one cap of throughout drive active A in slowdown both level a with pace rising between divergence two-quarter to of transaction appeared funds U.S. With to we in in although the rates we rates initially much watching platform environment of class advantage XXXX, interest our U.S. key during on advantage COVID-induced policies expect is rates, European allocate equity rate the fourth impacts
volume quarter a of deals Our which produced global to year our remains of opportunities, their tenant deal be the of half sale portfolio, a significant also for and XXXX the sponsor complex just another of overall. over backdrop activity, cross-border volume for supply which with advantage. a year. given And originate one-third and investments XXXX of the as follow-on relationships, existing fourth represented competitive comprised our continue experience to our half the or investments we deals scale constructive leaseback providing for record about meaningful over for M&A during
to the of opportunities million XXXX to investments over in identified of deals have through we totaling continue the of as out. further sale-leaseback equity an currently as work, funds completed to and private expect million the well of put have supply am XXXX. Given over active yesterday, into closing XXXX. months saw high confidence strong the momentum $XXX pipeline we deals pipeline, in that we the to have that in few $XXX next Year-to-date we of currently therefore remain I deal capital M&A has continued say amount we activity that to and pleased
also into total, that commitments $XXX good $X already, of the projects to In $X.X or scheduled current range gives complete to of volume million us year. million a our billion addition over which us have growing deal visibility $XXX We into in gives pipeline confidence capital in other this to guidance. billion built
XXXX, rent externally to with XX% especially we the the built-in net driven period with growth years. from net last the addition which growth In of lease compression coming portfolio investment we given what XX% strong valuable is best of inflation. with few for in growth, as position increases over tied entered have to over constructed spreads Among we internally view driven higher leases inflation and rent in REITs, lease a ABR
meaningful not XXXX, leases moved effect because we CPI-linked both scheduled dramatic rent XXXX has and Although increases a through given inflation the a than as provide rents, anticipated. on in originally higher rent growth contributor tailwind in further lagged expect go to it was
exceptionally higher longer increase key occurring inflation would and And to the additional upside. ahead move see contractual the of same-store the believe In well-positioned. expect course, two bulk X.X% to continues XXXX, forecast, or of see for we closing, are year, with in we as to growth we if to estimate we than rent result, look a we increase As drivers. will between X% first we currently And this runs our quarter.
activity we reflects strong initial believe we pace of and making deal maintain progress. good as established we in we are guidance our First, can XXXX the already
remain rates strong. move higher after transaction rate activity many expect to rates and market cap ultimately stabilize overall to expect of cause years we also we compression, While to interest cap rising
of going-in our feed us generate deal in types in and approach multiple annual of a which exceptional structured property leases the well types average renovations pipeline. strong in pursue, to we and rates. build-to-suits, in continue excess of leasebacks, And rent long-term Our the investing great yields fundamentals including all two will cap types and we can over sale continents, property growth gives expansions with across deals flexibility
increases, rates. inflation-linked period with the which after many in of growth, majority fixed will tailwind inflation our a our rent our portfolio higher increases those have become other years relative entered to net characteristic with lease we a Second, of to distinguishing leases outpaced same-store vast a where
As And of our will a we that, over to result, our stable providing a strong pass the shareholders, growing improving while quality the to expect with cash further for dividend yield flow continue call and very I Toni. earnings. with
