from City thank first for American our York New you Strategic and Good Curtis. rebranding joining Investment for Company's following REIT. call and earnings morning Thanks, us restructuring
recorded and fourth quarter discuss we'll full the XXXX. improved results Today, year for the our
want successful Before changes we the the offering to to month. completed discuss that, and our we results last get business long-term announced rights of strategy to we've I the
As of we announced at of estate the in the boroughs City. opportunities the and of Diversifying we New is our York the owning and beyond scope opening that revenue may and December, company five businesses streams end operate. expanding assets extend own up the real
delayed By asset single our our pre-pandemic rebound diversifying still levels, nature we'll to we anticipate believe class. of and own, we assets We over portfolio time, acquire of help offset the exposure to and reduce office to which space occurring. will expanding the type a
no trust. with Strategic C to Investment now and investment will XX, January, change. Beginning end we're Corporation XXXX, a year we estate Company a reflect the renamed In real the December taxable that longer company American the
companies. examples anchored own real Some hotels to seek we may and that potential businesses management parking lot of estate include
co-working Additionally, we office to business. space may seek our expand
does existing businesses, that or these beneficial through were and qualifying income is this Many to may modification, but to also that the the carryforwards refers not generate on income not operating invest can shareholders only through our REIT the acquire under we income this in of net limit able tax that income. to believe industry not types of the REIT we income the bad be loss structure. bad would may new use assets what we generate or We of no businesses REIT as
shares shares the non-transferable Existing oversubscription in ownership who these through exercise to Together have million purchase with right. and purchase rights shareholders were commensurate with and month, offering, the those $X strategy, additional a evolution rights completed the last their fully offering. an successful granted we option rights to
We believe long-term our value of see participants that the stock.
we new seek Looking a future, be to raise believe and capital base broader business able who from diversification. that companies investors may with to we of the greater asset
Strategic for new was opportunities Investment as Company portfolio offering important our and American revenue. pursuing with we this diversifying Completing forward to move an step generate
Turning to real occupancy XX.X% the City in average million, square remaining portfolio which of own today years. year-end, in New assets estate term our we portfolio, of X.X York million weighted lease existing a and foot consists of At X.X $XXX.X primarily Manhattan. eight had our
of mix tenants. Our investment large portfolio features a grade
of are on line grade investment or tenants a grade remaining investment rent XX% straight X.X term implied XX top based Our years. average lease with weighted
maturity lease XXXX. balanced expiring and the with leases quarter long-term in fourth XXX% nearly the year. complete strong remains after of the across for We collected our have schedule portfolio with year entire collection XX% a collection Rent rent
Despite closely expansions. renewal focused leases negotiate worked has to our assets. on maximizing and and value sign existing and our our existing expanded tenant the with asset we of remain point, to that the brokerage To community new management team strategy, tenants
and new we totalling nine square completed have feet of we over feet that XXXX, a and and million $X.X XX,XXX straight leases annualized leases of approximately rent. pipeline square forward In total XX,XXX expansions line
square Included Super at Street marketing XXX XX,XXX focused is a with pipeline foot in agency, William lease Bowl. growth the a
XX.X%. XXXX, from is to As increase portfolio and other in XX% pipeline this expected leases occupancy the during commenced to
continuous Americas risk signed Security As that the a a that X,XXX feet excellent square to replacement of earlier building. a XXXX of Scorecard, week, and at with also an this lease customer addition Avenue we announced monitoring offers service we for security
quarter. compared and lower and core our growth resulted to activities EBITDA operating property in significant last The management two in and expenses. performance costs key G&A asset of controlled our and teams adjusted We of FFO metrics,
the third by in $X.XX after a per reverse million. quarter negative from prior Core and in the XX% $X.X improved On quarter, the to also growth for the split increase. quarter adjusting was same over Expense stock to from completed FFO the million. January, a adjusted fourth for that share million basis, XX% core $X.X the $X.X during by over over efficiency to EBITDA million contributed increased $X.X FFO period
fixed provides for foundation Combined debt prudent with our assets management believe expanded we and strategy. that strong net existing leverage, our a rate of and our our them
the last opportunities leases future of tenants and long-term of Over the of ones operations Americas. credit invest our signing replacing co-working the to years, with our we've stronger long-term like worthy in at challenged Avenue internalizing taken with portfolio tenants, advantage by XXXX space several
going Expanding opportunities Chris? and income our the in Chris investment strategy another discuss move financial exploring results to to forward. strategy as greater in this looking additional is step detail. we're is generating strong forward we
