thanks today's to And for everyone you, on joining call. Thank us Paul.
our earnings at consistently exceptional stress with accomplishments, space little this had which generate enough release, in in others us and from high we and continues outsized of grow our to I the earnings no income streams, our another returns press dividends, including outstanding which, having many quarter deliver have cycle. all. As results allows demonstrate ability growth with to you quarterly to products every diverse unique while consistently can importance see significant operating market experienced can't multiple or morning's
a ratio, group. low why of believe trade quality is consistent we a payout we yield higher premium peer dividend have dividend earnings at dividend growth which very should and strongly and substantial We much than much lower a our consistently with
remain success, giving also us confidence for We XXXX. balance results outstanding the well-positioned continued will we that for great extremely produce of
This dividend combined operating the allowed premium $X.XX ratio per outlook We've all the on to focusing operating with share. for each fifth XX in an Our liability been quarters, ninth consecutive years. the dividend a consistent have lowest quarterly increase a single-family platform, increase GSE classes our to right long structures, dividend to strong and with tremendous sheet. with and as is producing performance REIT asset has business, program built last and increase last space in maintain industry. platform stable result, one the in while us agency active continuing again the top-performing balance our, our our our track rental very of private the growth, results payout once and five we exceptional record dividend of earnings every a label
is sheet $X.X highlight of pipeline importantly, many record. We originations, at currently our successful billion more volumes highs. notable of loan accomplishments. quarter produced areas excess We as Before want business. including continued which our a to in results billion we $X details in to tremendous growth originating investments of this dive experience into I our in a very some we our quarterly business. quarter our significant of the quarter, areas all-time of active the in and new And and is balance of new transaction loans just over had all and second
million the We platform loan future. to fund accretive the preferred quarter. capital higher be equity a the to raise $XXX securitization to is accretive our very showing million agency which and accretive $XXX will common But As and our to raising in our successfully were creating our growth build this equity, earnings allows in sheet X% totaling approximately to to capital earnings allowing future again debt, a of pipeline for allow and also dividends of second annual continuing growing active date, CLO increase in accretive pipeline us largest we of million issued our of us loans closing five-year earnings unsecured the terms perpetual $XXX current quality is very CLO second capital time not in rate, million quarter this three were million growth. of new quarter us and to our balance in also of in XXth which GSE run We market to to Every dividends, with capital investments new loans, dividends. fund growing is business, markets, dividend earnings $XXX favorable X.XX% years very, two and of we $XXX of this long-term $X.XX successful pricing. access the our result, the only high to and and extremely and but fund very $X.XX
financing of totaling provide effective appropriately us a be business The to diversity non-recourse, by liability and generate continues in utilization our key versatile a returns the and the to been assets and our debt us sheet. with greatly quarter, securitization platform. consistently very million balance very leader private-label second closed appropriate contributed the high-quality $XXX portfolio lending our And with these on our fund have pleased which second-quarter in sheet the demonstrate one of rock-solid CLO capital continues long-term levered our structures vehicles attractive very non-mark-to-market contributed with our execution, with and strategies. second greatly to our match securitization success We to our allowing balance we're strength of earnings have to has market to as
more Paul detail. Turning now discuss second-quarter will to our performance, in as
remarkable. results incredible once We current ratio were truly and of share, a XX%. earnings $X.XX per again financial is dividend, of distributable our around accomplishment of quarterly representing Our excess well payout an in which produced
exceptional we to of results increase consistently testament and is ability value many Our created. our dividends franchise generate our streams the and a diverse true income to have
pipeline, GSE many significant sheet growth strong really at this from volume $X.X XX. and have We superior benefits in earnings program, We strong our and continue servicing the which structures, significant continued contributions record from to operating already record benefits sheet private growth diverse our as produces of tremendous realize to our benefits performance with quality On strong we our XX% margins very substantial platform execution on versatile book credit XX% continues of forward, quarter flows portfolio and label quarterly balance in are us expectations. few year originations grown balance and deal growth as second continue billion to and And significant fees, with our our extremely our well-positioned in another as reoccurring to our position combined grow and increased seeing our multi-family growth billion of as platform, of portfolio produce future from from exceed as $X.X residential loan and agency puts well the scale of significant for the business, our these liability distributable sheet businesses. platform, unique size to going we're be income of and focused to able balance our business, delinquencies areas success. June
origination servicing grow pipeline going sheet net revenues, and which loan resilient future that as high, our very dividends. forward balance of is more GSE and XX% classes a at It income to bridge well. also meaningfully earnings assets, This significantly these loans of of cycle is volume book our agency also increased to very unprecedented which portfolio class over of and asset rate our multifamily run in cycles all-time our importantly, again to has growth asset our all importantly, the important for stress Our continues further most been also allow the of long-dated our future senior and in all of is us the substantial create book, has pipeline year. a interest balance loans significantly an will outperform and this XX% increasing loan
second of free have $X.X $X.X and height position Additionally, on invested million like reserve, the we unpaid as level past, the subsequently asset mentioned transaction to of have been and very and our our capital. the in adequate lending $XX million sale discount. reported very of to we to generate allowing returns exposure quarter one capital retail specific own the little that redeploy We and pandemic, the we most reverse assets note us reserves at our this and business our have reserve the recession remaining such sheet our into by the firmly million we capital worked approximately also purchase and balance on hotel will of used on classes the wherein the up, our interest successful million $X.X of report hard have strong approximately a are positions, affected as the pleased in against hospitality, full
franchise. management of heavily incredibly always This have value successful the on investing workout We ourselves in function. asset demonstrates our unique prided further our
increased momentum billion our GSE we loans and in and We the private private as label agency quarter We second significant continue well. to in in our million business. including experience our approximately label seeing platform originated are growth in agency $XXX program $X.X
we a in to in $XXX label giving of close private the ability a very produce label have year. and significant balance to million We of off Equally robust important, is July. start loans third are to agency volumes expecting this in business approximately are pipeline million confidence we with us our quarter the agency also $XXX good private in and of
to capital offer platform predictable value as agency to long-dated significant requires GSE generate Our income it continues due significant cash limited a stream flow. to annual premium
the last our dividends. year gain servicing to combined annually is platform, revenues sale from margins prepayment $XXX will increased to grown flow, on protected $XX which with This is continue billion Additionally, and strong cash our to to origination agencies last year. servicing million new mostly and which in a greatly growing approximately $XX in the up addition and continue and earnings generates which contribute in generate portfolio, reoccurring from year our has XX% is GSE XX% million we
are very in significant We platform. with are rental our we single-family pleased the seeing also growth
very we another billion our about Second-quarter, million business. product, us this rental have we of $X over $XXX deals making in well of the optimistic segment closed additional single-family pipeline, our currently in growth of
the about the In are permanent and well-positioned growing outstanding construction, second rental of transaction. strong originate in the summary, business lending a quarter believe success. the income platform, to a year to balance also business continued we half opportunity position platform pipeline, is that be future an source business the are had with for mortgage significant have very us further single-family lines space, servicing sizable exceptional single-family, versatile we are with - providing second excited same driver will another bridge, diversifying sheet us operating significant exceptionally a leader residential in platform income, we us on portfolio, many another of with provides of and growth build-to-rent our multifamily-centric a well We very that platform. and quarter and which loans this this confident Again, yet diverse
dividends to results. space. superior take through generate turn over to operating allow confident as continue I'll preserve to call are our now company and multi-tiered financial long-term in best-performing you our that We and our platform our high-quality standing the to earnings will the Paul us
