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leverage as This comfortably many times. our to achieved metric follows. in quarter This of throughout below our improvements our stated X.X XXXX of credit compared target resulted levels XXXX December XX lowering objective we effort
is charge from from up down XX% times X.XX Our times we're JV times, EBITDA X.XX to to from X.XX fixed excluding XX%. at X.XX times. down to Interest up debt-to-EBITDA, and to X.XX from times times adjusted now to and coverage, debt the X.XX value times debt asset X.XX coverage
generating of also our to of X.XX% the approximately annual XX which improvement, interest X.XX% excludes basis a million. XXXX the end We lowered cost at at end from savings of debt, XXXX, of the revolver permanent $XX point
to quarter, of common term of outstanding our XX.X shares credit and repay proceeds million program, all $XXX generating These maturing XXXX. our the loans During in of under $XXX.X facility used issued million under ATM net we fourth our balances primarily million. proceeds stock were
a program. and cash the In of revolving along our us us of metric, credit our of with available credit addition full of we advantage offering improvement we with investment to pay few ensure well And stock performance below financial available liquidity, that acquisitions maintain is ATM to cash target as provides users getting our our positioned billion on fund leverage times our Supplementing have for liquidity $X we facility, $XXX million us long-term potential to down the opportunities. unrestricted The take comments the for now allow that equivalents over will quarter. ATM a the X.X among and other about grow. match the
non-cash for $XX portfolio during the was housing termination which and December million million, quarter the also $X.XX third income costs ended for was increases housing exclude $XX.X debt, $XXX.X AFFO the million months respectively. and $X.X of line per and in the our of NOI or with of and to in and expectations was and respectively in million FFO line normalized share. at third to loss were or million acquisition our three are notes quarter at XXXX, managed to redemption merger certain that of FFO the community This senior compared quarters a our of it XXXX. million a lease X% the by normalized XXXX, or XX, the FFO our $XXX.X recorded $X.XX primarily with excludes For senior share on $XX.X the transition our of connection senior was XXXX. with quarter and million, million and X.X% we expectations part $XX.X due non-cash from the share. basis X.XXX% $XX.X $XXX.X and fourth related unsecured million basis to AFFO, in $XXX.X million recognized compares acquisitions on expenses, and $X.X $X.XX per driven normalized in per third quarter. was and to These normalized increases million one for revenues of fourth extinguishment of during revenues
AFFO of $XX.X normalized in in on the third cash $X.X a to recognized was AFFO note normalized or extinguishment of of redemption. loss compares portion debt with primarily of quarter $X.XX the senior to million This million share connection per exclude XXXX.
recorded NOI For quarter the of in of for $X.X income or for recurring a share. with we quarter, costs totaled million million G&A the common $X.X million X.X% stockholders stock-based expense, to and or the per million line $X.XX attributable of cash our $X of net expectations. $XX.X including compensation cost G&A quarter
ongoing quarterly expect average million. cash approximately cost We G&A to $X.X
$XX.X of Our million interest expense the for third compared quarter the in million quarter totaled to XXXX. $XX.X
our quarters and interest debt a reduction a the total driven borrowing cost combination and $X.X expense activities. was Interest million XXXX lower and quarter-over-quarter This refinancing by of lower for overall of $XXX.X included from respectively. third $X.X resulting of million million non-cash of fourth
from relates the during settlement AFFO. not we During quarter. This estate, to one nursing million any related asset fourth impairment We the normalized quarter, sold did to to a primarily prior a in from a expected the Other from of quarter is income be facility skilled operator. $X.X amount million excluded this $X.X FFO for and recognize normalized XXXX. revenues recognized of real
completed quarter senior acquisitions weighted and the of yield to subsequent $XXX.X $XXX.X of from fourth one a for and average three addiction real million. of Those X.X%. acquisitions cash including center five this During consisted development treatment communities, million our pipeline $X.X of estate million with XXXX, housing we
completed committed have treatment complete be center, $XX.X project to invest which We to million expected additional an XXXX. is for early addition the in the to construction
eight of $X.X skilled fourth portfolio the anticipated million. quarter facilities further nursing the completed of for and our XXXX, sale were repositioning portfolio. sales During in proceeds aggregates plans strengthened of care the sales we transitional These
totaling less these the quarter, revenues fourth from recorded than sold During we facilities $XXX,XXX.
compliance of with of XXst, as all our in were December We covenants debt XXXX.
value XXX% at and previously, year-over-year to remains debt increased debt value mentioned the from to addition asset asset to our metrics to secured XXX% unsecured In X%. unencumbered I
$X.XX; We getting Finally range issued share earnings income, to to to to $X.XX; our normalized FFO, our XXXX to guidance AFFO, FFO, and AFFO $X.XX per $X.XX; follows: net normalized $X.XX. $X.XX guidance. from $X.XX as $X.XX
owned, grow our XXXX NOI as to follows: X%; expect venture, wholly same-store joint We X%. unconsolidated housing portfolio's managed senior
repositioning we're in very about balance the returning sheet With of growth. the to to the portfolio be prospects de-levering accomplished XXXX, and of excited
[Technical investments X.X%. did has guidance. include $XXX our any been XXXX of expected included million in not initial yield investment speculative activities million a Difficulty] at weighted already in this in We average of have $XX our cash We guidance completed.
at to be X.X performance will investing debt and adjusted expectations is maintaining times a built EBITDA Furthermore, consideration below forward. our in our or going into critical activities
includes remaining and consist expected assets guidance in requiring a sales of yet Our of that to and XXXX repayments dispositions Genesis approval which close. loan the three identified few $XXX asset remaining million HUD are primarily
close the yield most by a expect of these second X.X%. We at end approximately quarter of the to of
and refinancing activities, related meaningful acquisitions. financing over we as the debt funding XXXX do activities that years, next significant any With maturities any several in may of the expect absence we be to accomplished the not except
to to Related we below guidance million of do leverage ATM and equity commitment million during acquisitions year. assumed include our included on the $XXX the in our maintain $XXX our the the to of X.X issuance times,
$X.XX noted having that Many we to should are be XXXX million. to XXXX several annualized the It rents these impact quarter fourth of $XX.X few guidance. in of of of maturing in and have expected be renewed aggregating a our limiting and maturities the in included has less these impact also share. mature no been leases reduction revenues on per to The total than XXXX
final One our on comment XXXX guidance.
collections AFFO XXXX driven from $X.XX tenants. first weighted the from with $X.XX quarter average and ranges costs quarter higher along our to quarter FFO in is in outstanding shares of respectively. XXXX be over and an QX $X.XX of This basis $X.XX We and to decline increase normalized by the cash normalized expect timing to primarily G&A
declared be share. dividend of paid stockholders of X, as record Finally, to XXth its February quarterly a common that $X.XX Company on The cash XXXX announced will the February dividend on Board XXth. Directors February of per
And with Matros. to turn I'll that, Rick it back
