and Thank a AFFO display pleased X% of world's share our this, annualized initial you, yield invested robust Europe seek cash approximately We cash X.X% as as straight acquisition issued navigate by the X.X% at in of $XXX in deliver X%. companies excess total, with leading invested an blended on global in yield growth dedicated leading as platform $XXX.X over sourcing of growth we or million Welcome, quarter, and in Steve. grocery a market we and a approximately X.X% our a note data our million high-quality million yield, quarter everyone. In real compared diligent an earned resulted operational In invested opportunities. in at $XXX.X the team environment. including $X.XX, initial a U.K. X%, yield $XXX our of was initial last investment yield. economy we strong year.
Combined a at XX%. to of The and second The the the capital be center the volume Asda, well yield Europe dividend a at X% balance operator. of line total was per industrial I'm in secured was of U.S. transaction rate U.S. across retail, to as real CPI an deployed the power million this the the were credit return real of estate Of efforts able estate assuming estate-backed and cash today's opportunities X.X% to results into representing to partners shareholders
to the when and selectively in it access past, may facilitate discussed investments as the Asda. we real to estate intend we case pursue eventually credit As only has been with opportunities high-quality
environment. investments We represent for a means benefit Income also and Realty in credit rate these to profitable believe from the participate current
activity. sheet. the real XX exposure sourcing X view bearing hedge Touching credit Furthermore, have we from prudent fruit. on including perspective, sale to quarter, we we on with clients as a as investment our a risk XX% liability pleased investments in volume detail inherent earlier the of industries. these year side that our our allocated across were XX estate management rate natural transactions executed transaction on to discipline clients, balance investments the of leasebacks. further XX discrete new new direct this was We is Providing
This available of $X to improvement guidance. it pricing sequentially cost a XX% transaction in volume aligns investment supported that As from our we see billion capital. a increase our June, quarter, $XXX to began increase in with opportunities of prior the number this increase guidance the million greater drove at and
Investment to on an having cash important of market by was enhance funded part large to accretive totaled second growth. We nature towards last excess the quarter, believe the paired sign these public normalization. rely quarter. consistent represents cash which are Not approximately our or in of higher $XXX deployment flow, moving transactions. contributor spreads free equity activity the million The with flow may closed be quarter largely this with transaction investment volume that adjusted the in
rent an expansion free many basis. leases an The portfolio's include growth cash approximately we of total where issuance. relying escalators. fact, well and we annual In approximate because equity annualized to platform, X.X% which often believe to operational increases of public vertical, rate recent return stabilized where portfolio's as expansion X% excess growth European and the without into to part internal utilize to on annually our stands are CPI center uncapped on data together deliver the shareholders our internal can In leases our has gaming healthy at as now rent flow subject -- years X% in with risen
first cash above basis basis points flow. With the utilization of resulted free of deployment spread free an due in flow, cash which excess is of quarter excess benefit activity points, historical XXX well part to our second capital the spread approximately quarter like in XXX investment of the
of a premium to to to fund our a reminder, investment the earnings applies return utilize year from of our capital, measures spreads short-term capital estimated cost from different long-term disclosed basis growth on our our higher nominal the dilution which long-term capital As investment for which these This cost a cost for requirements account raising investors. X leverage-neutral effectivity a is volume.
in only we risk-adjusted the today's volatile attractive environment, remain seeking vigilant most While return opportunities.
market utilize only rate capital our yields. opportunistically, external to aiming at augment times becomes of attractive when compared to cost growth as also will increasingly investment capital prevailing our We
was proceeds the sell our to $XXX to tools drive million. net teams, insights management We've $XXX additional bringing in second total proprietary decision An the properties in asset of analytic total XX of dispositions. research year-to-date approximately utilized and approximately source million, for the combination capital the with of predictive quarter to
we year, the and between sell For assets. $XXX million of to expect $XXX million
the more predictive our dispositions to in our in than on portfolio property be calibrate continue investment past. active As advancing we we our hone on thesis each may analytic tools, and
returns to while broadening to and capital continue our portfolio investment growth. composition optimize of generated our organically use We finance
the of a and Another global by underpinned leverage ratings A- our differentiation strength critical low and Realty access to on capital is of S&P, credit balance point by basis. our Income of our for AX sheet, Moody's respectively,
metrics sale to fund quarter us of or the second our the most cash and combination disposition investment below our allowed newly our issued at of any while still flow without targets. settling long-term leverage of During XXXX, activity proceeds capital maintaining generated equity internally
Shifting to operations.
to Our very to as the basis XX.X% returns solid June from quarter. to in fashion. a stable point portfolio of rose increase Occupancy and prior XX very generate XX, perform a continues
and to of had a negative excellent years key Additionally, and XX recapture global portfolio rate revenue is XXX.X%, estate why XXX from our public million reason rent. $XX our in in across of rent leases single size, cash return company. not we was diversification annualized performance real new visibility as year provide continues a our us a have with totaling scale, approximately to operational The consistency
in have enabled periodic part and our us asset natural management optimize through a value in closures distinct end, managing closures advantages, these business been or currently consistently and credit that have store to are is research through Managing competitive offer model like of news situations. credit-related would a to which we to provide To that concerns. store clients due on remarks top-tier few teams the a
takes of our third the ultimately to And of shareholders considerations context size into rent contractual it credit is are of the exposure portfolio's represents aggregate assets total process, in Through to basis which is to expect emerge XX Aid, of our generate the emphasize June proceedings, impact recent to prior returns XX basis and are in to ability expected operational financial resolution the scale, not to the the bankruptcy guidance points accustomed released our all of our XXXX, the account. lose materially consistent the to. in in Importantly, earnings rent points vacated expected important is we Rite annualized from which quarter. as increase potential of sold. XX, portfolio our bankruptcy remainder loss of or rent
of moving it the as rents bankruptcy is portfolio publicly process. Red from At Red bankruptcy annualized targeting currently in to third Lobster our represents through the is XXXX. of X% stated, total emerge Lobster contractual and quarter present,
portfolio-wide XX% into We finalized, master of rate rent bankruptcy continue our visibility currently historical our of average our client our of we in believe and line roughly some believe our while our to And risk. across most with not for will coverage properties structure potential mitigate recapture lease restructurings. be that
Walgreens is stores. closing certain considered
XX expire Looking will out contractual Walgreens bankruptcy provide context To unlikely total these rent Outside a the of annualized X.X we basis representing we of the the time. next Walgreens, as have contractual only leases that that expires. are in historical which points portfolio, drugstore rates over scenario, over with seize our legally rent lease stores capture can only view on once years, each on industry. payments
resulted XX% these prior of lease have that in renewed rate a were XXX% managed of excess We blended in of rent. recapture since expirations XXXX. XXX
in basis in Dollar Dollar only this brand Tree, investment-grade Family split Dollar were X rent representing Family And portfolio expiration. rated course, potential obligated of total set year-end which from interim, now and Dollar lease our If of points Tree. the through expire leases result annualized the contractual to announced continue to are store closings, is they're to XXXX. between paying rent the of
store been Our in results historical the have similarly favorable. industries recapture Dollar
We XXX%. at have renewed a north weighted which of well clients managed expirations average lease XXXX, XXX the of XX% since of rate
of impact. rent points year line contractual long-term by is our restructuring as Aid, that equity Dollar of from is important And and extending only suggests basis Red its XX well our the additional approximately at basis risks share achieve financial rate through Rite the of exposure, lots, average note past total, In position total, or notably approximately of theater XXXX. $X.X per have XX recapture is our in by annualized case we with in an debt end ceasing at billion Walgreens, total the only big rent to rent in home AFFO its diminished XX%, It is we feel of and as reduced improvements recently rent its made XX risk to debt represents, AMC which portfolio points and Cineworld $X.XX if Tree maturities months. through which of for in issuance. bankruptcies, at this risk the Lobster, X.X%
to addition, In to to take per X where they the more counterbalanced incremental of manageable lease of the is properties, potential in rent. locations years store optimal on net is store lead, X,XXX be Hence, they clients because instances, is potential This if they model, of impact stability underpinned are closing we many advanced on and the the and to of plan financials. value power our while have to paid important us by is share the those separate outcome we provide do and countries believe $X.XX continents. across notice clients impact closures continue headlines plan XX,XXX business manageable our by is it X diversification than from place, which
discuss Jonathan? to detail. in I like our that, more second quarter to it would With over Jonathan turn financial results to