everyone. Kevin you, afternoon, Thank good and
available investors research which our better We our the want additional understand supplement help each given report draw As data it our to company of believe discuss results, website. supplemental business segments. our is we on financial our analysts to provides on and this attention financial fourth-quarter I your will
of one, and net per or $XX.X our and million tax estate earnings core income expenses per private CLNC from losses adjustments loss net and and For a two, earnings mark-to-market the realized $X.XX from million the equity on of $X.XX million quarter of core property And real losses $XXX.X fourth quarter included realized million share. $XX.X of Fourth negative loans. sale $XX.X of GAAP or reported resolutions of share investments.
diluted Excluding these million, earnings core losses fourth $X.XX $XX approximately was combined or million, quarter per share. totaling $XX.X
$X.XX share and year million, we diluted $X.XX core net fiscal GAAP the million, of per $XX.X loss earnings a XXXX, reported For or share. or of diluted $XXX.X per
our long-term Excluding re-approved price realized repurchase million end CLNC's our stock per share. current indicative through $XXX million not or core XXXX. Subsequent initial XXXX losses net share is earnings of the the March We the $XXX.X quarter, to intrinsic of program was believe value. Board $X.XX
repurchasing where We to on new the as will consistent with least investment our is return continue of pipeline. part allocation equity evaluate our strategy, at shares including overall capital
for $XXX upsized cash Turning investments. liquidity. under to million revolving our corporate facility to capacity from million with to hand has We between $XXX facility. access credit a credit The $XXX corporate new us providing revolving additional a successfully on company availability and currently million
a we quarter would to across to repurchase six during quarter to total master master the $X.X relationship. facility I during now million $XXX billion on which take the the impairments our successfully closed banking repurchase addition, a taken capacity discuss fourth In like new brings facility, moment XXXX.
private real accelerating as estate we sale strategy, Kevin mentioned, as are overall of the of our First interest. part equity our portfolio rationalization secondary
we still core to As a assets of our write-off this utilize capital of adjustment reported price quarter, ongoing to this deferred investment which portfolio. potential of gains mark- from a fourth We a to- on market a related $XX asset, as result aim deferred earnings. tax offset as million $XX both during our future impacted million reported recent tax the well discovery of process,
we in remind recorded realization $XX quarter income loan of reported of separate occurs. exclude as losses quarter. losses impairment Second, public four until everyone noted GAAP the a earnings this earnings excludes and the to reported estate the our core during provision provisions disclosure, these of through related taken for Therefore, real net for loan event impact losses I'd million borrowers. like core to fourth-quarter
on So loan some the loss provision. specifics
through earlier last quarter, call taking certain by share. proactive approximately the of quarterly City is underperforming out restructuring impacting of York to In working a Credit we mentioned which investment. Kevin legacy Colony four accrual loans rotate our earnings that our are status steps core to we were give per As non New and/ it mentioned, by or core $X.XX on non remain and Hotel,
of sale loans brokerage of underlying our believe most agreement borrower the the the as with likely the a we the result four during part ongoing quarter of resolution entered and listing collateral a into real-estate efforts, fourth outcome. and firm, a As repayment is the
fourth As for such York hospitality proceeds loss sale. the on to during the loans following be quarter, estimated reflect the four loan provision recorded from additional received we these borrower related an the to New
City New the are continue to to asset. recovery be additions we ability being optimistic hotel absorbed, New credit market the recent As City impaired lodging York room exit on York and this
mezzanine foreclosure loans on to senior and XX of a portfolio single XXXX, borrower. January a collateralized in completed by Next, we properties
on with collateral, to by loss fair quarter, protected the impairment for the associated a of included fourth estimated During we behalf paid provision which during the borrower's value an us XXXX. recorded reflect loan advances
robust a have plan portfolio with the asset oversight assets and these performance our new of on team. forward to diligent management managers, engaged moving are operating property working under We improve management
in earnings. We also finance forward to certain go of maximize within to dispose and/or expect and the value portfolio with assets thoughtfully order
fourth potential our notified anchor the more of during quarter, three regional borrowers on the of tenants. loans us Finally, two separate loss of
repayment the notification, Following the these most sale or that concluded of of the collateral likely this each outcome. underlying foreclosure and is loans of we
for we these loan for recorded such a As loans. provision lost
with this While are impact comprehensive complete we they well-positioned to forward for meaningful, the and we plan. quarter that are operating results and impairments were on our and now business move their believe our
to Turning deployment.
was Our again a quarter quarter. productive fourth once
million of and investment including these Dublin. And Total XX%. is $XXX and quarter the mezzanine on initially $XXX for expected quarter, $XXX capital senior equity in during investments including million million $XX approximately loans fourth return Specifically, $XXX fourth five two totaling we loans for million. million a allocated funded
our to be earnings quarters. first the deployed addition, additional already in the core full which in date, The coming of benefits capital. will realized million we've In of in an quarter $XXX
expect $XXX portfolio from run brief dividend We will discussed, rationalization Kevin deployment coverage of redeployment this achieve to that us million, previously that XXXX. allow strategy approximately the coupled projected of with our during capital the recent rate
we successfully allocated year individual XX funded billion fiscal across capital, approximately $X.X investments. the billion For and $X XXXX, in
the preferred office, XX% US X% in property quarter our with We increased of is multifamily mix of XX% expected XX% portfolio The and are and senior The CMBS. equity at exposure XX%. XX% of size in lease; and an our the XX% transaction X% to mezzanine investments of $XX Our XX% industrial loans; end weighted loans; XX% average hospitality, Europe. mixed-use. these of at XX% office and investments exceeded equity million on from these industrial, return average approximately approximately X% XX% makes it Approximately year-end. the type first XX% XX% net
from reduced same at we exposure hospitality assets XX%. XX% to time, While to our the of retail
and this together, breath the origination execution capabilities platform. Taken of Colony's exemplifies
accretive the end. at investment our and senior our at book continues be approximately value quarter XX% our billion of portfolio our of largest portfolio carrying $X.X XX% for remains Looking the loan in across segment in-place size well loan see within portfolio, Over total to we our increases With geography. loan portfolio collateral the million, average floating despite the and $XX rate, loan type of diversified portfolio returns thus LIBOR. of is an and
X.X on average with cash a lease potential long years. of December lease our a average portfolio flows $X.X equity net with net Our remains view duration and weighted lease statement portfolio carrying office properties single second CLNC digits This business high core weighted billion of and for of stable consists XXst, triple value a an of primarily with as and segment as of largest providing term a return appreciation. XXXX. We un-depreciated capital industrial
to securities. Moving CRE debt
investment quarter at end. a grade portfolio is of predominantly carrying had And value million rated. Our $XXX
borrowing. growth, securities debt CRE provides In and addition attractive additional with poised also options within to our efficient for CLNC portfolio liquidity investment our to and generating yields portfolio access
our over value to carrying This from exposure million to estate This real of underappreciated cash which an quarter. XX% third of our $XXX had flowing segment, estate, million as real in quarter $XXX brought Turning consists predominantly by we've XX%. declined end. of down other segment the operating a
portfolio a of sale our As largest the quarter. core fourth result of non during office the
net value adjustment carrying the a In equity recognized quarter in non of estate to- million addition, market end, holdings at total core the $XX private of mark- fund quarter. during real $XXX had million
in sales other and secondary strategic we the passive now and these exploring alternatives our interests. volatility these are of timing for funds flows, Given cash interest and
Moving on our to balance sheet.
stand $X.X at total assets at billion Our approximately share year-end XXXX.
assets Our lower increased of expected but target long-term at than the ratio group XX% peer debt the our XX% end of quarter, still to our XX%. to to and remains
our facility. as towards earlier, availability liquidity optimistic a Overall, $XXX at on between credit hand current mentioned As and XXXX accomplished cash to continue look approximately and into deploy legacy targeted on and you during forward revolving non yielding higher we we lot to our investments. under XXXX. calls our are yielding million lower We've core we future we assets on monetize updating stands look certain additional progress and as liquidity
to successes and time will now investment to like our please And the Our the operator line open ask resolution you portfolio the for I about new should rationalization investment XXXX and defined. execution I'd well follow question. thank activity. your for today. is strategy pipeline
