quarter June or we CAD, earnings per net and per diluted. our GAAP reported non-GAAP basic available which income reported of We unit million Thank for of cash distribution, $X.X $X.XX a and million is ended $X.XX $X.X We you, today, measure XX. for unit. Earlier reported second Ken. and
of and of Our value unit book decrease primarily June a revenue a bond The the in which is from XX unit portfolio reported difference the of XX. was basis, value $XX.XX, a income result second between quarter our per distribution. net and decrease is as fair of decline on diluted March per the mortgage a $X.XX our
value XX, points a service mortgage estimates curves.
Tax the fair for third-party decrease curve that in rates XX approximately which multifamily quarterly, of bond to average the models tax-exempt Our corresponding resulted increased March value use predominantly providers bond on exempt our investments mortgage portfolio. with June yield from in basis XX estimate revenue our revenue MMDs, the fair across
be rate holders our are mortgage and will bond revenue long-term we predominantly continue investments. of to fixed We expect
in changes impact on have CAD. expect we direct So our no net flows, value to cash operating or fair income
the both $XX.XX, closing regularly take advantage in is our net premium protect debt unit asset are liquidity as values. to X.X% there of over yesterday, close significant August June a which book unit Stock to any XX. New if per monitor investment and of value York As was events Exchange of We our deleveraging on accretive opportunities price our market potential against declines X,
equivalents $XX cash cash reported As million. and unrestricted of of June XX, we
interest our these that we availability rate sensitivity believe had exposure quarterly on XX-Q. We rates our shows regularly $XX are lines credit. million Form At included an interest to on to positioned interest other our we and commitments, given potential Page various and sensitivity which overall well financing is the discuss later. of our in report The of impact current increases interest income XX monitor through also in various approximately of interest net fund table analysis, we rate levels, which assumptions. rates management market will
We secured I changes our on
base the point decrease CAD is in an our Our immediate months. the a scenarios response per in or $X.XXX yield across The XX result for shift curve next as net that SOFR of XX increase XXX interest curve point includes unit.
Alternatively, in $XXX,XXX rate approximately XX rates or the decrease of over present nothing our a assume an basis interest result net $X.XXX and XX, in immediate curve income we there and of increase assuming basis do in declines analysis months. will shows $X.X which that million yield the income uses approximately and will CAD per June rates in SOFR an market in anticipated that forward The case in we unit.
our significant in movements scenarios, So large in are issues. fluctuations no for we all credit hedged interest market net assuming against largely income rate
loans is commitments investment of multifamily portfolio for bonds XX% June totaled XX, of of affordable to amount to our provide in mortgage our due XX properties XX revenue $X.X properties million in across mortgage bonds. and and these the relates XX% Of of value South portfolio revenue revenue as We additional of permanent bonds, in $XX or assets. Our funding that revenue billion acquisition XX% mortgage from California financing debt investment governmental currently Texas, primarily XX mortgage consisting states. up This of own our XX% total issuer property March loans and Carolina. bonds,
taxable mortgage property first across the quarter, the and loans share $XX.X properties During construction multifamily own mortgage of million X loans or bond finance our currently companion issuer for taxable that mortgage We states. issuer funds revenue loans Such X often lien. or advanced governmental investments. rehabilitation governmental totaling second have revenue the affordable loans to bond related we
During advanced property totaling issuer commitments. and for the loan, loan taxable $XX.X governmental governmental funds second million issuer quarter, we loan our related
mortgage funded and investments These income-producing June $XXX funding bonds, related asset will was million of base. commitments future our over XX. approximately loans to revenue be our months will XX outstanding Our governmental commitments issuer as add for and
credit recovery also We We be existing will redemption proceeds receive provision property our the loss from reported of provision loan into This the investment redeployed the commitments. loss establish was the provision construction final quarter, center for result
We by our a credit mortgage commitments. expect offset of bankruptcy funding $XX,XXX $XXX,XXX maturity, a for nearing CECL revenue the to funding credit associated of on for losses process. quarter. debt and related during reserves bond resolution investment new to with financing standard which of remaining applied minimal a prior the the our investments investments initial second
back historical loss adjusted our treatment consistent the of for have credit calculating impact the CAD, with losses of in We provision allowances.
of investment equity totaling of approximately a $XX.X as advanced second reported with million properties reported basis. of joint that exclusive $XXX consolidated venture on the quarter. Our consisted is investments XX a XX, carrying one portfolio equity of June million, value during
We
is our in our total million appropriate. XX.X% which rate for generally debt category risk rate debt financing.
The hedges short-term interest implement rate related term. with governmental XX-Q. $X.X assets loan had fixed-rate XX proceeds facilities X investments and our funding June funding as principal variable Page $XX.X categories our rate financing categories for category in designed monitor March debt This and $XX from of with Our that Form to near such with debt TOB hedged
We equity of future, for totaling represents exposure the exposed of rate interest this associated financing. is rate with our account bonds, and as with debt considered risk of main fourth fixed changes in mortgage which manage only investments result our June of in million approximately second rates. remaining revenue variable We outstanding X.X% X, rate million is This billion return no the a designated net from assets assets are with as interest our an XX issuer variable XX. up -- of rate category rate are three the or are that of of the These total balance totaled million hedging, swaps use on interest regularly categories investments our fixed debt JV commitments is with may and debt, insulated that financing XX.
We if leverage to report fixed where we most $XX variable debt rate $XXX Three is quarter. or assets financing categories in
our units On redeemed preferred of April in Series preferred XXXX. After units redemption earliest April for outstanding capital not this the A until front, of next we XXXX. preferred $XX remaining is our date the million redemption,
issuances allow additional update our pursue $XXX,XXX program to and under newly pipeline. a of to up ATM March of We his a preferred the issued to our continue during traditional reduced at-the-market cost the Ken second price at dilution without gross call for to additional units into market. now our units over for reactivated quarter. offering.
I'll market substantially and Units million We proceeds follow-on offering turn or raise sold ATM bucks program capital investment we the of the XX,XXX conditions approximately issued to the active under $XX under sell XXXX, on to ATM us offering.
In
