million, the X, leases X but $X.X of the building January the This quarter, base California addition for quarter certain sales-type total acquisition versus new up the and recognized revenue driven depth quarter's partially primarily rental rent for increases in Angeles quarter $XX.X as to was year, in X% funding second at For by relating year. primarily tenants sold not provided termination a properties, second with paid increase along in due we of with a increases activity million in of $X.X of from periods million improvements discussed back total by increase as Los possession $X.X termination quarter, of XXXX million. leases our escalations prior and disposition additional loss the on were sequentially revenues increase loss in was and we in the last of a
In fee resulted fee the contingent also quarter lease a for California recognized we of during The in of XXXX, property. on in the modest last sale QX $X.X received properties property a contractual rental reimbursements. to of this that offset sale Los call. of quarter revenues leasing generated to in us to lease we sequential first revenues million as total for the and and second revenues since a reclassification Revenues took properties concurrently of Angeles, to rent tenant in
earned also million $X.X However, contingent termination fee. we a disposition lease
the the end as a exceeded of the gain result, a property sale million. of $X.X As on million total the consideration quarter, the $XX received resulting carrying of of of our net first value in
we increase was the quarter $X.XX increase income the the per XXXX first million I a materials, income of compared sale we and are XX lender that our As date ended to fee increase months quarter. X X% XX, a for a driven paid fee
AFFO million disclosed nature of the maturity of The share, construction for loan compared the the by associated I June the our X disposition and extension loss the property discussed. year. on to to ended for XXXX, by quarter out in the a note included California increase at given June of impact from termination higher the
Interest X% to estate quarter million $X.X to a that increased real second June quarter $XX.X termination where million lease interest earnings the lease or and second the positive loan of to our million $X.X primarily interest XXXX, of want to the contingent fee, us the primarily subtracted in months second for end secured of calculation $X.X low received cash in quarter XXXX. in the this net $X.X was on to construction maturity versus extend loan for arriving just when of due the with FFO XX,
our regulatory and As we local are rent differ first we re-leasing achieved time properties year-to-date noted completed earnings, our for while between assets there meaningfully line additional contribute call, the state on activity requirements may at to transitions as be to expect Loom to Park operations. quarter needed front, at our happy the operation the these Ben to said, new and in stabilization certain long-term level is we approvals our very tenants tenant to the pleased to approvals with its discussed for some see on That activity of being facility abatement rent for we a receive detail ramping our in as allow and Harvest Michigan. of re-leasing negotiated substantial are our
XX paid re-leasing of As June a on $X.XX stockholders as earnings, to was of progress result increased our dividend significant July our our dividend consistent X% quarterly XX. date per common to The and Board share. by of record to
payout of targeted by Board's track our XXXX. the continued year the during noted, XX%, AFFO XX% quarter of is increase AFFO. in line ratio remained with This record payout every dividend our Alan which dividend of in covered the ratio with our dividend As to our since XX% inception of increasing a
and of ratio to debt strong in we quarter until XX% Our less continue than gross unsecured of to to metrics the only maintain remained $X.X EBITDA Furthermore, balance consisting coverage debt debt sheet of during credit total REIT billion with assets a of million a and ratio XXx. debt with service maturing our net in Xx, fixed-rate industry-leading gross not assets $XXX XXXX. May bonds
liquidity. over revolving of comprised to of We credit at availability investments quarter million under the liquidity and Moving our finished on facility. total cash, second short-term $XXX our
we with a second revolving As Alan headquartered facility New to quarter $XX the million during successfully noted, the increased addition York our of credit bank.
dialogue to in interest We credit their are continuing have capacity. with regarding continue the increase to to overall numerous joining banks our facility
program we program Finally, into of and common at-the-market and a entered shares quarter stock of new the stock. existing during time ATM second for to equity time offering from provide our A to Series issuance the our preferred terminated
We for the more stock, sales of our future add a dilutive the investments us program. also impact component overall opportunity a our precisely reducing goal common with forward match equity this of to took fund raises through allowing to of our
balance back continued our the
With multiple As turn it on increase can to you relationships be facility. to our capital well access growth to I'll that, progress we with markets continue Alan. see, expanding positioned of conservative to continued size a sheet, for and banking credit
