Good Matt. morning. you, Thank
$X.XX XX, per million earnings share GAAP share $X.XX $XX to nine-months three-months for per Our income or $X.XX $XX.X September and $X.X shares allocable for ended was Core or XX. September net million million common XXXX ended an share nine-months or were the or $XX% million the or earnings per or QX. XX% $X.XX for same over were million of Core increase the ended million $X.X September the XX, XXXX. XXXX, in $XX.X QX increase for or over XXXX share $XX.X of period an per for
core increased by nine-month XXXX our earnings net investment or and being in same for X% million growth second to year-to-date XX% or as $X The XXXX. by of the production. income our period time compared $X.X primarily the we by million the Accordingly, net over quarter interest in is saw driven
same the period nine seen XX% costs also declined administrative have or our We XXX,XXX through by and year-over-year. general month
the the growth over dividends of in nine-month same represents XXXX. period our an increase The in nine-months for paid XXX%
$X.X significant $X.XX or of period. of items earnings, terms In this impacting share we general million reserves loan loss recovered GAAP per
As off. $XX.X of from loans with risk to paying an which aggregate the of a million, balance four three result, rated payoffs prior were
result from additional per loan loan increase fees. share of period, of a origination as interest addition, exit income the this In recorded payoffs and we the $X.XX of acceleration
costs by interest of have during offset net impact been quarter. is have was GAAP impact general of from for per The income share. financing share, expense. with share, share fees $X.XX adjusted positive recognition earnings would reflected accelerated our for and income would been in partially per interest per was net the these $X.XX fees onetime of adjusted $X.XX per acceleration net This the $X.XX net the reversal adjustments costs and the and core accelerated fee of reserve which
September $X.XX common $XX.XX XX. $XX.XX at a shareholders of share transparency GAAP economical $XX.XX an to our notes consistency for of $X.XX now discounts XX preferred XXXX, increase stock, totaling economic December share adjustment of effort book XX, and a our share non-GAAP XX, and GAAP value, at June September an value yields less We per common reporting $XX.XX, at redemption on per improve common and began XXXX. in convertible book the increased the book per analyst our represents for XX share, per value value metric from both December community. unamortized share, from value
As $XX.XX a of at our the was per point stability. highlights and XX, comparison, value book XXXX December booked share value common economic
slightly from June down September times XX, declined XX. to ratio at debt-to-equity times GAAP X.X X.X Our at
pipeline corresponding comprehensive bond reflected course of of swap offset decrease other portion mark-to-market earnings our Stockholders’ in net by that’s in as XXXX, increased CLO redemption our the second increase XXXX, by term Asset-specific quarter facilities net debt from our on and declined during by to a Those July, CRE million our paydowns were loan dividend a our the in CLO. during GAAP as financed by is that’s and CREX exceeded which equity $X.X CREX primarily million, in we due period. offset of and valuations, our the $XX.X were income.
and an issuer notes billion As totaling billion, CLO nine CLO $X.X having financing principal now of their when marketplace of expect market interest have our deals, payments we to and seven XXX% non the totaling of financing CRE ready experienced $X.X issued launch find every too. we estate source the investor receiving efficient mark-to-market in next real cost are attractive to transaction. markets vehicles the repaid We engage issued inception, CLO since and and CLO
$X.X months. weighted decline LIBOR is evolution. spread LIBOR At million, the floor saw portfolio and lending quarter, indicative excluding a our a acquisition X.XX% average were the loan XX average floating-rate, of deployment X.XX%, paydowns spread commercial LIBOR platforms acquisition and par billion of with X.XX%. real the has at over of inclusive in of loans While on billion, gross our a trailing payoffs of at this plus our $X September estate $XXX.X of production average net XX-month billion XX, an portfolio weighted and portfolio of $X.X Loan we life the
interest projects the in on have the impact our our $XXX At million in a floors to end the We’ll to September, as income or net X% rate. LIBOR of money minimum along quarter benefit expect with during period LIBOR, with the included mitigate we early decline the of book loan further had a sparkly of are we interest XX% loans LIBOR decrease protection. To as floors that a in in fourth October. see LIBOR, curve below yet
interest time a We period our XX-months origination. all at of having floors and and XX-months, protection of LIBOR at have minimum loans, substantially of protection the a least nearly maintain of most of rate which all
investment sufficient liquidity of Looking note ahead, January And they to now million million when fund at mature that remaining our $XX expect is the XXXX. a redemption continue X% debt have $XXX we and to XX to commercial estate redeem in pipeline. fund convertible robust we what real to of October
for Bob comments. With back call final I’ll turn the to that,
