today economic fifth current quarter be you, challenging environment call for third economic beneficial of positive call quarter, a Arlington’s the is of quarter and quarter markets, in return, John consecutive again for once shareholders primary focus Manager. its to Thank Rich. our yet proved a capital X.X% market us of welcome earnings another return. preserving during the generating the morning, Murray, third of Arlington joining XXXX Good to the on Asset. Through financial Also Portfolio
annualized repurchase that high the proceeds we assets third third sale return are investment overall quarter third strategy of credit of overall of portfolio economic and Going cash during to total quarter, XX% third we and fourth company's upward If $X.XX investments million cash $XX forward, for quarter, X.X% XX X.Xx. a per and return over Arlington’s a will with sell last is the quality over quarter market credit capital lowering net and during $XX the over total year-to-date; the strategy an strong various leverage per last into to well rated an the during stock the return X% conditions consummated, remaining economic and that suited quarter SFR annualized AAA annualized time. of in MSR achieved generate during migrated of returns of achieved positioned while year-to-date on proceeds We investments Overall, accreted quarter. total diversified entered $X.XX portion pleased value. XX% generate return in the expected leverage the million net shareholders SFR to company's months. towards book results strategy continues for of a XX% completed with be the the and We that XX return the assets to initial to portfolio during share the XX% quarter of in shares agreement share $XX harvesting a the the the gain. million company's months. for We for low the
down of the classes year. liquidity return general, asset certain course economic return opportunities higher. new policy profile Reserve and available During developments nearly driven doubled investments and on return Federal In the opportunities over have in XXXX, valuations and have expected in
produced during our overall company's and and selectively current in further first multiple to less priorities. and have current we than two MSR again this both While cash ago, annualized XX% patient investment company's year, with that third advantage capital quarter extended expansion, harvested appreciation portfolio through reduced these acquired been return while with of of the resulting higher years of return. XX% course yields interest XX% line preservation total portfolio and creation MSR yields leverage our shareholder the low management. gains, we opportunities In have focus, employing the in quarter strong asset we taken the coupon approach of an have leverage. annualized strong over value The total along liquidity, return capital and Since results resulted in a modest
end, quarter X.Xx. mortgage $XXX only million multiple of underlying X.Xx the investments leverage valued of had a As company's at of servicing rights, a MSR of with
the in of the capital should the allocation X.XX% with if investment at rights, MSR investments a interest contributed value company's the in company's average weighted to has becoming appreciation are of fall. and mitigate portfolio quarter servicing significant value to MSR The investment declines mortgage underlying at company's Importantly, of XX% coupon it positioned well largest end. rates
net-GAAP book of third consent XXX of upon facility. book $XX million of a expected $XX company is The its closing quarter. price and receiving other quarter contributed cash approximately value. sale fourth close during in of the successfully gross after and for $X.XX announced its November properties to previously sale to proceeds down of in on million pleased also assumption to net the value During its investment SFR sell of slight facility The third $XX purchase $XXX would quarter, lender including that result is gain in credit price the it remaining is the which sales million, transaction announce SFR of portfolio a secured per of closed company the net impact properties, a and credit proceeds $XX.X positive sale the of a for million XX on million, agreement resulted cash secured signed to XXX pay Sale of that share sales its to conditions. and and a contingent
total the just that's annualized one. second of return a over horizon sale in consummated, investment of it would strategy the approximately would Assuming is ultimately expect over XX% we been represent result the that transaction culmination investment
to was shareholders. we uncertain locking outlook our the for housing, crystallizing and near in for Given SFR intermediate XX% prudent that term from return felt the strategy
allocation XX the company's to with AAA mortgage the capital credit strategy XX%. floating double of and commercial investment increased to investable five returns. September under company that levered remaining XX% rated credit investments senior overall credit of as in securities attractive As its quarter years have quality rate elevated maturities of The with its end digit
only is Overall, underlying XXX to the As approximately third return credit, in agency out an coupon average non-QM instead credit of and low which end, credit total of volatility a of is consists quarter. on produce return continued XX% portfolio money. values LTV company's during points XX% strong significant during interest quarter residential the rates investments the in of to mortgages, performing to led company's widening high third basis relative the in rate the agency for interest of predicated of investment principally hedges. Also mortgages quarter, of continue the of underperformance MBS interest MBS returns, resulting the delivering rate spreads, annualized the
the term to led company allocation potential current Agency Although levered spreads capital remains excess return. wider of increase the expect to in in to the MBS toward increased the hedge carry materially risk as near carry does investment its returns, not
capital Agency XX%. XX, was As allocation of MBS company's investable the to September
share for September prior operate company increase $X.XX its quarter leverage of from of leverage as Turning financial to significant to to overall a flexibility, company with reported with continued XX. as the results the low September, at standing the book The end. quarter, X.X the X.X% value and per at-risk overall of ratio X
share, business recognize, net be public income and reported GAAP For per is quarter, Arlington’s value company for the continues increase greater quarter. active an available believe the share earnings and of last the $X.XX company per the markets of from in stock. third common We the per $X.XX buyer company's share of than to an of $X.XX there distribution
of a current authorization capitalization an that repurchased or of to $XX accreted repurchasing third of value, of the market to its since the company XX% of repurchase Notably, repurchased per per shares million common to remaining X% $X.XX in has the board, excess to shares. Subsequent its an has its the from additional outstanding million book XX.X XXXX, quarter, common nearly substantial program returns its shares quarter common common stock. its additional a its the value, X% X% current including end stock During accreted shares an of has that period economic of company share company company including challenging conditions, outstanding repurchase repurchased four and stock during of The in of market the solid stock. reinstituting stock $X.XX quarters. has last able share to book capital over company produce been return
and peers quarterly the experiencing As Mortgage recent over had Home XX our illustrates economic while in economic return months, significantly quarters both returns last NAREIT volatility compared peers, the of investor Financing Index, the company the our year. in the lowest our to in total presentation outperformed also last FTSE
company preserving asset and on During capital high is shareholder creating low this a focused return the and combination principally emphasis a prudent strong value, share through selection leverage, of repurchases. on period, economic
monetized of third and prolonged return flexible $XX that somewhat substantial from million recent fed $XX leverage, for investment we total Having more position assets, attractive rates, our million balance an and platform As quarter pending $XX sheet believe our of in strong SFR interest liquidity available year market market end, expected around overall is low from from imply. sale the credit and approach current volatility sale configuration. Arlington another sound million, fourth elevated we high tightening and SFR actions quality period quarter a a most than our maybe the with
grow and use now arise call as new per for economic share I now for embedded to questions. to its and hard intend and market we capitalize to value successfully strong like have position Arlington’s to create the they We shareholders. substantial Arlington Operator, on worked would value opportunities In to continue preserve to Arlington in open may harvest through book the environment, both capital recent position current turmoil.
