us joining all you thank and today. for Curtis, Thanks,
We strategic space, on first some of and through enhancing progress key quarter. leasing from continue available leases dispositions to $XX renewing existing sheet our net approximately the tenants, during strategic prior including the our balance reducing objectives with make debt by great million quarter, our
high-quality XX that our As investment-grade with own a properties no of exposure rent. portfolio The boasts portfolio-wide implied tenant tenant generate features annualized than where strong states, roster our annualized investment to is or X% top straight-line XXXX, XX, one XX% XX% representing also more portfolio rent. of March Sunbelt of grade that straight-line we
portfolio, straight-line we our occupancy leasing expect and that grow we've a To built pipeline continue to increase enhancing rent.
In addition of these have sheet to our pipeline. to comments the two that $XXX million continue balance the million sales we our In property reducing our dispositions from completed of net we calls, completed as or improving quarters. prior our over we have year, already proceeds with by $XXX we've the on in dispositions line have net in last debt use plan to we last
efforts We due normalize these and anticipate will year-end to that We the and quarters, remainder asset our The designed on frequently in ratios, year. debt quarter the as effect deleveraging the the modest will in compared have adjusted revenue items general first that first the abate. administrative and that to quarter of increase improve to during over are prior leverage focus quarter part leasing run. believe nonrecurring these received the net this due including and disposition is as management intended expenses the EBITDA over is fourth long quarter dispositions Our XXXX in of ratio the elevated in elevated of audit to fourth our expenses. to costs and legal
to commitment The continued management made asset to results. property deliver we've and significant
occupancy pipeline to increased straight-line in leasing plus actual and of their end quarter XX.X%, quarter from of occupancy fourth million, on commence of rent will up as to $X.X lead contemplated definitive signed end terms. at raise leases leases our the XX.X% of portfolio the X, by executed Our assuming LOIs as and the leases May executed
the $X.X renewal XX nearly and representing totaled portfolio, our plus quarter X portfolio, includes straight-line feet. XXX,XXX in leases leases XX feet square first XXX,XXX annualized XX New across and signed square square straight-line of leases lease our multi-tenant annualized square feet rent $X feet portfolio. during straight-line combined over in rent This rent, million million our in representing on multi-tenant in million $X.X in on single-tenant a with renewals new XXX,XXX million
illustrate assets, even rates The leasing to continue results of of our leasing environment. the current in the quality our driving higher
XX.X% As suburban multi-tenant assets. rent end, plus of quarter of for of the under rent the renewals demonstrating renewal previous market the between spread had and lease demand strong our a payable renewal, the the and the terms multi-tenant
encouraging for spread seeing we're shopping the second with XXXX, this of carried and In the is an X.X%. demand on The was the strength of the lease spread attractive upward centers. quarter. our This consistent trajectory into has renewals over quality
leasing end quarter X, XXX,XXX over square of We the executed which feet for of in the multi-tenant pipeline portfolio. as annualized leases of rent million first have May robust straight-line $X.X includes a after in the
through few portfolio leasing level, were on tenants perform the strong and a high with update. challenges. who like you we continues spreads activity have had renewals, continued at with an to some give working to I'd Although positive very a
our with and for operator XX-K, filed disclosed of XXXX. XX, of sale an maximizing on regional a of King for January; and these (ph), convenience basis, Express, proposals properties filed value Burger the leasing King] of shareholders. long-term property in and large individual franchises March [Tom's large XX regional in Mountain goal cases, a evaluating Chapter gas In each previously we're As operator on
doing and were the these tenant and remaining another terminated their King their each the in at January, at what were been rent. leases four XX In current We nine response were these QX. of leases of assumed on with fourth after look Let's are leases XX and end The to proceedings. we've separately had at Tom's of quarter. terminated
XX We leases and leased lease to or five sell marketing leases, locations Of negotiating other expect with actively to properties process. terminated at we're the eight. new the the of the tenants these new XX remain through
Regarding the Mountain it process. in Express, remains early
been X, May our leases by of XX of formally the none As rejected have court.
XX operators lease However, rent We're there in is April a all or of actively XX not the motion front received pending to with been to XX rent of for buy and tenant We've the current past leases. to in with potential currently the reject due and engaged properties. discussions the court. locations, was collect
for American the possession regained on X XX of that to liquidation. We been active we six filed were our own actively by We've received and these Chapter leasing marketing lease April and leased properties interest sale properties tenant car In extremely termination date, marketed. March, our five master proactively five XX. in are of have American interest. all robust at Car already that being Center have properties properties negotiations, active other To previously are
with actively These Finally, Bed tenant desirable totaling centers, for XXXX. bankruptcy total these approximately properties working shopping April. subsidiaries, filed backfill replacement with in only proceedings which with feet Bed a XX, and subsidiaries, are properties is its Beyond XX our & locations of for Bath our at XX with Along XXX,XXX a as some in represent annualized March we've XX Chapter rent X.X% of activity, leases of lot its tenants for Bath square time. straight-line been and of
being operating is As signed the still marketed. to actively submitted of current May already The another who are replace LOIs we've X, with tenant, in and space. rent three and lease one the XX properties LOIs remaining paying
Another or occupancy and of of strengths Columbia, has and from plus been remaining X.X was leasing up pipeline properties ago term RTLs year-over-year portfolio acquisition last due XX.X% footage years. At in diversified large billion our different of million increased executed maintaining approximately rent. no portfolio the to representing our state rent to on the We a Annualized completed our industries and portfolio. representing in end, X% XX.X more broad year. and $XXX.X $X portfolio portfolio square than X,XXX single across District the based with straight-line quarter of operate part XX comprised lease historic of states weighted properties XX.X% single tenants feet, of XX% year of industry over a our X% no XX X% of in year-over-year grew straight-line to we our than over and own tenant million, more square and with average
on X.X% time straight-line increased the under the the Based per rated As XX.X% and which rent include portfolio investment-grade XX.X% leases or increases of tenants over investment-grade portfolio across in anchor our or of the due that approximately of by single is on on cash quarter or actual year contractual average. leases XX.X% end, the our portfolio actual rated. rent, implied multi-tenant were implied tenant tenants over
XX% believe our rental available top end, portfolio our cash nature of portfolio, of leasing long-term derived provide from through XX continued potential and actual investment-grade of were straight-line was tenants or implied actual the dependable percentage XX% and tenants Sunbelt or At necessity-based rated. and The high investment-grade implied up in rent growth our over space. quarter markets for flows, we remains
long-term in increased of had We $X.X environment historically and to and EBITDA rate interest our quarter us from XXXX NOI of to rates to rate average NOI and insulating adjusted million rates and respectively, debt end, and by We the began weighted interest proactively X.X by environment. of was cash a during weighted maturity average rate locked had to rate million. over million, XX% XX% quarter $XX.X today's X.X%. significantly rise, compared fixed $XX.X the same exposure At interest low years before rising grew
disposed we of close nonbinding May ability including and and lower sale debt intent year. and or of and all We've portion the on All $XXX million our in we $XX.X is ratio. do expected a contemplated net disposition past purchase pipeline X, be and to to that to their this throughout dispositions subject by the terms. million assuming price, so contract from repay successfully properties sales have a delever to agreements to will debt demonstrated dispositions again an letters these and properties, EBITDA over used we proceeds Through adjusted of expect of of
turn detail. it I'll to greater Jason? numbers over through Doyle take Jason in the us to
