Louisa. thank you, us morning and today. all you Good joining for Thank
for the the had to last third from same-store The sheet, up our to Cash of XXXX to per increase the We to $X.XX quarter and impressive quarter $XX.X grew third quarter a earnings was $X.XX million as our for same an quarter, AFFO very million XX.X% NOI from NOI XX.X% year. period. optimize grow million million increased results. balance third over in share the we $XX.X while and $X.X $XX.X in strong AFIN posting continue
to year. lowering reduce continued by further an the beginning adjusted since to We net X.Xx, of our improvement leverage the X.X debt EBITDA of to turns
X XX% of our we negotiated our leases fee out equal the for of of revenue The that AFFO and remaining thus X third remaining were an quarter. disclosed in amendment balance Our of the corporate both term and senior the had demonstrated quarter quarter completed an bought We quarter. lease $XX.X fee transactions executed contributed average the of one-time Within credit series buyout is Bank sheet in We included improved to facility for branches years which fee, total of XX X the LOIs be to offering to to weeks corporate bank we the upsize unsecured to of of oversubscribed more $X.X market contract related at some recast the the our Truist terminated been $XXX of already and Truist during are through for a power the lease the termination were across Bank sold rent have million. notes of a million success this a our able is the to negotiate for periods. lease beginning total and million our platform branches, properties. under
to portfolio properties redeploying proceeds price currently being new sale and portfolio. the into paid in diversify fees acquisitions are The X $X million the to have could anticipate properties $XX.X the for X total the our and will not execution successful our further percent that without the marketed. our to been for termination these Truist termination ago. sales X property than we expect remaining X.X% property from leased We of further years by million, accretive and Truist transaction great The The team. more we lease sales fees reduced
of Our achievement Ratings million Poor’s BB+ debt. & offering issued rate rating our $XXX delivered due both we interest an in Standard have a Through effective private notes closed unsecured in also of first an X.X%. team are of major notes quarter this in a Rating that notes. issuance issued in form X. and The a the October placement, unsecured Services X-year and of Fitch on the on XXXX senior
properties. leasing The our and the very are for the and from by and notes operating multi-tenant will necessity and high-quality balance acquisition notes the milestone increasing in an our upsized to syndication benefit company. million terms marks collection notes credit sheet, options and roster, was to the an and which to geographic rating order objective of occupancy ratings merit million the an strategy $XXX believe for as date completed consistent XXXX and million resulting in as maturity offering, we discussed solidify Prior S&P, increasing conditions, this we focus. pricing. This a corporate to recast balance for We BB+ the to with since this accordion these Through commitments grow extended the believe includes sustainability facility and notes offering, our with and building hard an a pandemic, could, of on come we’re stable the capture from our pleased X.X we of corporate market’s corporate investors. from at our the properties listing to obtaining for feature our offering, October an of $XXX that ratings offering, was also in oversubscribed the of investment-grade In team’s obtained for disciplined reception recast future years X by primarily with X. offering, billion. occupancy strong The the and amendment foundation flexibility from reflection rent success improving outlooks. credit laying diversity growth notes into the we’ve certain these We ratings active an $X.XX the well rates prior demand and and to increased disciplined enhance during AFIN’s Fitch facility recast transactions respectively, performance, continued AFIN the market with was important de-leveraging as We to expand focus to $XXX retail exposure continued that $XXX structure institutional AFIN’s many demonstrate to in access strong successes capital our our BB tenant the work million debt. months acquisition revisiting the connection on focus favorable sheet. subject long-term through our on on two facility results portfolio to unsecured years investment-grade The and and and and and extension is of
almost grown has tenant $XX assets same continued completed in to markets and total multiple Our added the by in billion and time, the listing since ABS portfolio to At straight-line diversify pool. almost and transactions we’ve our rent. the million $X.X in annualized CMBS XX%
high-quality of our where a growth, this to or are implied portfolio tenants leases remains investment-grade-rated addition comprised majority of investment-grade-rated. In
implied investment-grade tenants September investment-grade. our XX, of of are from top assets, XX% investment-grade or XXXX, among rent straight-line Portfolio-wide, single-tenant tenants. investment-grade XX.X% XX As implied comes our and of
of and tenants high-quality on ongoing evolution have us proactive bankruptcies focus Our material avoid helped portfolio retail the industry. any despite the management,
long XX% properties retail service spending the retail contract increase are based on Recent with rent, that encouraged term to to quarter, balance portfolio a straight-line with of the of acquisitions a more of Our to this their single-tenant of XX% acquisitions In square of an office XX% year closing. be expectation the will XX average contract believe on data rate as XX.X close with that the closed has XX% XX% price of at comprises Retail XX.X Combined $XXX.X X% for to we years focus has purchase weighted retail has such of holiday necessity third and $XX.X price properties. year at pipeline, full over over we been sophisticated exposure million. on properties. increased X.X% distribution million consisting weighted time properties to foot half resistant for aggregate property and and lease we feet retail nature remaining anticipate purchase that total completing million, our the portion, first e-commerce. the forward the and cap and other in well. XX average Of year-over-year investors showing increase traffic necessity-based
average years over is portfolio term single-tenant the weighted rent annual across occupancy remaining XX.X with XX, X.X% average of lease September of As XX%, a escalators. and
pipeline plus of foot X.X million XX-property, Our leasing a an XXXX, of occupancy multi-tenant XX.X% has square as ago. September from portfolio year XX.X% increase XX, executed
third hard leases tenants to team’s strong existing new over real and new in quality delivered demand uptick as $X.X our work executed add the time of Our We’ve annualized straight-line resulted in new million from and expected estate rent of XX quarter. and in leasing commences. results that an rent the are
tenants team to increase are a this $XXX,XXX take Year-to-date, occupancy. leasing in and net annualized straight-line our pipeline of building of multi-tenant that, when an result of also robust Since new if in will that we’ve XX.X% over in the additional the would average agreements to the total and We’re of has portfolio a definitive if executed, lease completed X.X% increased X rent occupancy lease XX.X%. weighted renewal term XXX,XXX square total the year, years. a with XX renewals by feet portfolio occupancy beginning
we X.X%. we in EBITDA capital debt our to as debt or of rates. years. stack. quarter. Moving average debt and maturity rate, interest locking the weighted of XX X.Xx our to interest balance the by our further is XX% to the environment debt And average debt X in near-term is rate of historically fixed low in reduced matures of weighted time, sheet, our minimal to basis end adjusted same At mentioned our rates later, maturities have the of has earlier, debt points our third decreased XXXX net an by XX.X% in our
original the the with are all payments quarters, and enhance as the resilience is during our With cash received unsecured. the to the the prior balance The includes before have calculated using improve We now XX.X% percentages started denominator. debt we rent and expected numerator credit collected opportunities rent of the for portfolio, rent and of markets Demonstrating original monitor constantly recast, collection sheet for of deferred the of capital and quarter. payable COVID our Consistent rent receive we would quarter. XX% the cash rent issuance the structure. to completion facility our note
growth rent cash another original the in portfolio in Excluding the quarter. balance due improved rent, deferred greater detail. XX% in AFFO. over impact through all the results in delivered in AFIN we to collected sheet the third excellent to balance had leasing take strong it to the AFIN’s and the I’ll We sheet that to of enhancements quarter portfolio from numbers turn meaningfully credit total and of during Doyle profile. us Jason Jason? multi-tenant acquisitions measures,
