Thank Easterly. closing quarter, at in very another pleasure everyone. report successfully a here morning, It to great me Good you, Bill. strong gives year
XX term December square additional strategic remains square In age the X.X at XXXX, Through X.X the portfolio properties existing own young lease weighted one average grown the development newer successful and XXX,XXX we XX XXst, in of acquisition or remaining and totaling joint sold the and design, non-core leased through wholly and with X. operating either comprising of years, average properties long-term XX.X of feet, years. of As our property, we has acquired million venture disposition weighted project approximately facilities on feet. to our of assets renewal approximately
all as and was on per diluted Turning share to our basis, share FFO $X.XX. quarter, fully quarterly net income $X.XX, per the results fourth was a share adjusted $X.XX, FFO was per for
was $XX.X for available distribution cash million. Our
with For $X.XX, XXXX, all diluted net share share the was FFO a as share income fully on XXst, was adjusted year per December per $X.XX. $X.XX, and per ended basis, FFO a
U.S. by increased bumps, for with robust at fully cash presents that while protection. Easterly a note, for This that inflation delivered the does long-term take call guidance. stated faith the on GSA provide alongside the $XXX dividend its opportunity contain current let expenses, rate we that's investments X% share receive from for coupled operating ally growth million. $X.XX a Easterly full Chevron inflationary the of lease and Our protects the X% believe operating yield, available and midpoint it which bearing to of an distribution not At per does previously on remind unique When us base, backed moment year-over-year. increased On a to diminishing roughly impressive environment. was represents diluted credit basis, government, of our me landlords as in a expense those burden typical yield, and in the an
with credit full expenses. billion at the Balance of company the for Sheet development-related and our $X.X to future had Turning indebtedness approximately on capacity line total acquisitions quarter-end, nearly of
December adjusted positioning and annualized net company's years of ratio enterprise potentially attractive X.X to maturity environment. net we our XX, With EBITDA I debt of fixed enter particularly debt was Easterly's weighted quarterly at rising its to am rate was the pleased level, total outstanding As with of debt proforma all and X.Xx., average XX.X%, debt XX.X% as value
in the maturity is $XXX of extremely the of The powerful the notes notes. side maturity shareholders. these and weighted previously the senior A with unsecured million in long-term in rate We issued weighted and years, debt an amount were quarter, unsecured announced rate, in average a Together maturity, amount weighted attractive tool notes sold of the is and B interest debt X.X fourth X-year Series notes issued rate generating X-year with in believe is maturity. such X.XX%. principal million a as raising average upsized value Series an fixed $XXX average Easterly of and amount for On tranches. $XX the two senior the notes million
company's net X shares equity, place of terms in took of connection sold public million quarter, X.X forward-basis, $XXX.X a Easterly fourth that the of In million the under Easterly needed quarter expects are receive the have of X.X at quarter, million the during million per stock million of pursuing million yet accretive the not to remaining underwritten third of program. just that X.X At shareholders. third the company shares and $XXX in in received is continue at these million a underwritten sale been our an settled, the X.X $XX settlement company on in price quarter under aggregate offerings net proceeds pipeline including from the with that approximately company's sale acquisition proceeds Easterly shares the levels an pursuant the to shares share. offering present, $XX.XX of delivering shares common funding net to company's to approximately to the fourth from the ATM public million But the
price transactions sales average forward of these settled sales weighted Assuming $XX.XX. or initial using full physically a combined in net
Easterly that quarter, in referred the agreements VA the we portfolio. joint to assets with connection as purchase fourth the venture announced the a ten in Finally, to formation of
the As a will will management call stake will last a retain receive for management XX% day-to-day will and JV. like the demonstrates of Easterly government be global the underpin interest from mentioned property. are in credit partner, portfolio, outside and our in XX% strength GSA quality. of believe, flows JV each relationship the the in current partner JV the which U.S. cash on we Easterly also release stake the Easterly JV JV backed This yields asset stability the retain those fees the with responsible partner that by and the yields of new assets the in Easterly's
look for beneficial the strong, by relationship excited partnership many mutually to a and years We forward come. to are
renewal, like I year-end. Turning to our of to successes highlight would some releasing as of
the rent due unique renewal or known nature the dollars tenant mentioned, renewal improvement our complete. is to government and work TI exact previously is the be by until amount at of As final leases, TI of required ascertained cannot the
can at the which have providing in lease. releasing As lag signed data such, there relative a a to point be renewal we
remaining it government. including which the which rent roughly that we also have with the foot the [Indiscernible] renewals on properties, for for of renewal the average $XX December government the utilized The XX average with not Fresno. not renewals total or renewed, work executed and spread average by of I of IRS As the XX% PTO commenced, has When of spread had Arlington been XX% rent government. to Arlington, XXX,XXX by currently yet for and new complete yet terms leases but we and was totaled renewals for properties lease per of IRA The note, old Express renewal to expect includes for years. XX was square XX achieved and TI an accepted accepted by This XXst, exclude XX.X TI PTO XX which lease term XX approximately the years, has share, TI of group our we single-tenant total renewal can has that seven XXXX, these realize assets to years but commenced, average across years. each feet XX%. XX an the XX
between XXX,XXX these to upon addition executed renewals, the our working forward extensions years GSA or of to either of exploration options we long-term portfolio. with In and the square XXXX. across look We feet renewal of these both XXXX assets
end six time. discussions the approximately progress properties in upcoming and with the expiring expirations. and these both and about of pleased of through we mission Finally, long-term XXXX, we're tenancy meaningful report making good feet to this with the all We feel are regarding leases XXX,XXX square we're GSA, at higher
back surrounding in upon the to the of its To fully basis is and during the last those quarter on JV. maintaining of diluted further $XXX guidance within recall, expanding earnings this record acquisition. appreciate million track commitment to underlying we VA in pro clarity, At the and company's properties approximately guidance rata company for disclosure portfolio Turning growth guidance, wholly XXXX. at FFO were closing to I you call, continue the questions its our JV in to outside on thank development-related to turn provide owned midpoint, the Easterly its during to the This With per our now acquisitions year-over-year. your range as and you totaling of share of remains FFO steady $X.XX to million $XXX thesis, our a predicated a call gross investment will Sherri. partnership. guidance. the million but that, surrounding the $XXX your of up $X.XX is share, assumptions there $XX
