capital financial our a you, XXXX. for year and balance was by start followed active will XXXX. unless note From otherwise XXXX XX, our an markets guidance I by are Thank Then Please performance ended and for discussing quarter year-over-year STORE. markets all activity will I review fourth capital Mary. our sheet perspective, for the year that comparisons December noted.
shares price million by first in an ATM of and from proceeds the average shares we stock of the under our per share. program $XXX common of stock. year, the equity This quarter Berkshire investment sale our the of million sale course of in June, $XX.XX the our Over XX Hathaway million $XXX the included offering raised follow-on at X.XX million approximately net aggregating
to flow Our business of has sense our our and lot size ATM us way makes a for of efficient the given transactions. very equity raise the a been and and program of effective
X.XX% added bank loan During a term $XXX extension and new, X-year debt. $XXX a rate of X options. million and included long-term the an effective unsecured quarter, X-year This at first we unsecured with of secured million term
the Master We at rated an interest debt rate which our XX-year without our XX under also Class a of scheduled X.XX% of lease just Master X.XX%. and had XXXX-X secured principal quarter, paying during we third sold of $XXX off reduced prepaid our A Funding long-term average an interest Series notes under we XXX early notes STORE interest Funding balance by the carried of mortgage net rate rate million notes, penalty XXXX. basis Then of program A+ These and a of about maturity debt points. million them weighted by August
at result a important activities markets fixed under XX, billion rate are interest just with of a interest borrowings average debt our well X In to of are long-term note that an of laddered. and years. maturity intentionally rising rates, environment all our of X.X% it’s maturities average these rate of stood weighted our As and long-term a debt capital December $X.X weighted at
$XXX capacity and our as real $X.X estate borrowing our the At billion. to maximum debt collateral options. in Our approximately annual have from maturities $X.X no our February $X.X the approximately includes facility year been extension from matures to unsecured on end until X, This expanded which debt credit $XXX gross feature under was XXXX year allows million billion portfolio up $XXX X-month totaled facility XXXX. median has pledged increase $XXX meaningful us of amended facility in maturity $XXX The year is million the near-term and end, million revolving we billion billion, debt the two secured to February $X.X expanded accordion remaining million. to to and for million and unencumbered. the we Subsequent investments
Our Longer unencumbered term, ratio in our from we unencumbered XX% in XX% assets portfolio asset targeting up XXXX. of XX%. an are to XXXX, increased approximately of
the This on debt XX% to EBITDA XXXX net at times ratio cost equates X.X a closing the the in basis of end of sheet. a into leverage basis. on month. borrowing New million run-rate to net cash capacity to million debt had credit around Our of with earlier was heading on to expanded of facility $XX Year the We $XXX this our balance our addition
to attractive summary, even access large substantial As well-positioned equity a of conservative to I access variety liquidity. indicated options investment leverage flexibility, debt we In with a earlier, to the fund facility provides credit our of more accordion financing are opportunities. expanded feature pipeline of and and
hand from Now, performance, credit financial proceeds quarter net $XXX of on cash on million turning approximately acquisition our $XX quarter fourth to and during borrowings million activity cash the was fourth asset facility of our dispositions. funded by
were X,XXX The growth by portfolio real XXXX. revenue to billion increase $X.X of million year-over-year place year Total for of our properties. $XXX billion XXXX annualized at rent XX, revenues representing generated activity in increased XX% to compared million, representing This over at revenues year estate As drives an the XX% to ago. X,XXX base over end our compares XX December of XX% $XXX Acquisition in the the portfolio at stood December as and increased $X.X revenues. and properties interest $XXX quarter a $XXX million to million. fourth December
the Our impact spread was volume in realized year be revenue year. XXXX acquisition Therefore, full will XXXX. throughout of volume the that
consistently for capital Our demand broad-based our strong growth real revenue reflects solutions. the estate
a For increase due the $XX is and fourth to of XX% the of growth million increased to the Nearly depreciation $XX year total expenses reflecting this amortization quarter, to million XX% compared higher ago. portfolio.
million year total amortization the portfolio due last and increase $XXX this For million $XXX and to to full year. much depreciation expense. to growth of higher was the Again, of was XXXX, increased this compared expenses to the related
to ago. year a with the financing related For Interest for the flat amortization notes quarter, of $X associated full we relatively expense included million STORE Funding XXXX the in a to prepaid interest August. charge expense fourth accelerated Master deferred non-cash costs year was compared
our expense priced net a partially million we offset well to to costs and of rate those increase our determined $XX.X the average on year Excluding of year to significant subject finance a level quarter-to-quarter, million G&A real fixed are quarter maintenance year-over-year where not the our primarily therefore increased by increase to rate properties taxes, fourth with obligations. our continued our This as for compared portion our a but since long-term $X XX% annual million costs on activity were portion to leases, about a pay we this that million in Property unlikely debt. long-term during in The vacant estate related our was quarter were vary weighted as costs costs property prior responsibility tenants charge, over debt. expenses. and attractively acquisition the tenant the of of XX% can investments property portion interest insurance was of were expenses as are XXXX decrease are $X.X the properties that Property ago. was year. the $X.X and interest a for triple fourth
staff to to For million the and increased year, $XX expenses primarily million related additions. growth our portfolio and the of $XX G&A due
average growth. for million For or that to share points XXXX, G&A to XX of portfolio expressed basic income expenses approximately XXXX scale increased XX efficiencies assets per come decreased to of million as share includes million sales with or per diluted basis million the a from is points of during percentage $X.XX portfolio ago. Net for fourth basis quarter approximately fourth and $XX reflecting $X.X compared sales. consistent in quarter net a This net property year $XX $X.X from aggregate XXXX. income an of the with $X.XX XXXX aggregate gain Net from quarter gain property the of the an
from from Net share million became sale two gain an the $X.XX net income XXXX. share million sale year, properties and to $XXX per million gain basic in million of We XXXX the per diluted basic includes charge $XX.X or aggregate a diluted to For compared vacant $XXX year. income was XX and XX net for that for of compares an $X.XX million of properties or properties of had XXXX. $XX.X net $XX.X XXXX. the during related primarily in to This the impairment of
basic per to year. or the per from For share or XX% increased $X.XX $XX and basic $X.XX diluted and $XX last share quarter, million million AFFO diluted
million $X.XX diluted compared or in the of and For AFFO $X.XX increased basic per $XXX and share million XX% diluted or year, to AFFO $XXX to share $X.XX XXXX. basic per per
dividend quarter, component important fourth an declared of for our and share. return quarterly per is $X.XX stockholder overall dividend common cash of we Our a the
which per dividend common X.X% reducing the share, in year, dividend For low a and included IPO Since increased dividends declared we maintaining quarter. third increase XX% we have totaling payout same while time the by at XXXX, share our our in ratio our per $X.XX a the dividends leverage.
timing the on year announced to timing to November. to last expect spread the run-rate of range we share XXXX, amount weighted to capital our to be In AFFO acquisitions X.XX% period expect quarter. times acquisitions guidance we to end turning be share of $X.XX. approximately is any as dispositions of XXXX net in million, midpoint projected affirming the debt our of volume AFFO to and as towards The cap that guidance $XXX well is often during and X acquisition activities. new on weighted based sensitive throughout the on leverage guidance, range first for the period in net times $X.XX markets in are rate of each always XXXX Based the per our per Now, we AFFO the that average of of target EBITDA. are of and acquisitions X.X
AFFO sales guidance plus XXXX expected estate $X.XX share now, Our for cost to losses $X.XX depreciation share compensation share and turn gains approximately line real amortization, related per deferred on per property will of plus to to income and to items excluding such $X.XX or And back to straight of net equates equity anticipated share $X.XX Chris. I rents, call the amortization. per financing as $X.XX per
