Thanks, common from all our common high an Heather. our XXXX quarter Good morning, was share generated range. share, year the end the outstanding $X.XX we operations the our Lexington. everyone. at per In $X.XX fourth lines. excellent of were diluted diluted year company of for to per quarter, funds across business adjusted And results fourth end guidance
Following to rents equates increase the a of per office overall roll-downs. same-store consolidated recently an supported X.X%, cash renewal due down roughly fourth by results to year, up positive NOI of annualized which and rents our quarter a robust XX% assets. volume averaging of XX.X%. operations Also, and estate leasing of assets, sales, of quarter X.X gross healthy industrial million the strong at been cash very the rent with pandemic exposure have feet, lease increased renewal announced square cash during was $X.XX for industrial million throughout during dividend million $XXX $XXX X.X%, quarter fourth our Portfolio real purchases with industrial excluding our quarter, dividend held increased X.X%, X.X%, to was base common renewal share. sale of collections We
dividend plan to growing continue annually. Our is our
we billion in million targeted believe investment that $XX into for disposed distribution had non-industrial million and consolidated primarily assets and considerably set. has on for strong Midwest. primarily the the development transition, five the the evolved industrial development XXX have years, an asset Along opportunities assets active lower and fundamentals our of and continues purchasing an the for of expanding we transitioned XX the markets class this in last over we Our purchases, and out We sector $X.X Throughout an assets have warehouse assets to the industrial A sector, same projects. Company opportunity strategy into has office purchased mostly and investing industrial side, investment $XXX year amount. Sunbelt select approximately across build-to-suits, and way, Class
of transition, in completion primarily near our A we As markets. focus we tenant our distribution and to will continue acquiring target properties Class single developing portfolio on warehouse
development While opportunities XXXX. active without compromising our to is it purchase building best markets when market, the relative to to on capital more we in we the be In and in view, to higher to quality expect this intend allocate comes characteristics, returns XXXX way achieve to locations.
of Just to side. on development successes highlight recent the couple a
on During creation executing in our lease projects located our excited in will events us. which market. in Brendan position going stores included two building our project. in the great the more of later development parcels department quarter, our Rickenbacker about selling opportunities Ohio fourth Columbus, ETNA detail full discuss to a pipeline and first development in we a one two call. the And we’re land in outcomes These the forward, Kohl’s had These are value for
with office outcome million sheet. at average Moving retired and debt, to prior predominantly building cap and sales, non-core secured as XXXX substantial GAAP the were particularly our the cash assets sale the a disposition and Dow X.X% we pleased volume in that of amount was of respectively, fourth quarter plan We Chemical totaled deleveraged result forecast. of with rates excellent our balance $XXX an consistent X%, of
in $XX January Additionally, properties we two million. sold for office approximately
our properties to and asset portfolio progress continue sales the be orderly will updates to office remaining an office we other XX and continues XXXX and NOI which of approximately pandemic, manner, results. $XX.X regular on The While properties, forecasted sales the our give market office impacted the to of consists million. in generated selling by committed remain remaining
most to expect portfolio at of sale which XXXX, currently value million. We around in this we for market $XXX
Carolina our we at which leasing, quarter, rents our XXXX, portfolio in we facility. was occupied year-end of the in rents lease At our as significant which And XX.X% Mississippi a portfolio million to we are were through potential industrial expiration with single for in primarily increased base November XX.X%. of remaining expect X.X industrial decline at We Michelin. the either million for market our most extension in and Of average. a including expiring Michelin, third below expiring Hamilton XXXX; June square our has the tenant prospects XXXX, or sale, Carolina the Laurens, result Statesville two previous slight least further a year-end, North the multiple feet property pleased industrial be a Branch, had occupied through expirations XXXX. Beach interested Turning leased, facility, space feet year-end, South location with leased square representing compared with to very over Olive facility, The by X.X renewed on of Laurens leases, in by cash renewal the during XXXX. lease to
Additionally, the users, Branch Olive leasing in interest building experiencing downtime. significant location from is full result which minimal could
excellent Our leverage sheet year-end. net times EBITDA remains balance X.X adjusted at debt with at in to shape,
nature. understand due began dispositions in Our appropriate position, single control to our strong growth cash doing program over their importance that future platform the tenant flow for for operations. limited given begun portfolio We us retained XXXX, our to establish from our In cash ESG is have fund initiatives. forward and out net so many an building we the to provide lease and properties ATM we a capacity have considerable contracts, proceeds of
evolves. Our website conclude, as results. XX-K our to and we forward and goals contain a of going expect quarter summary XXXX To and matters and initiatives, platform our report will ESG very we our with were pleased performance, on fourth
in succeeded monetizing office portfolio, quality constructing industrial a while platform. have of We high our much
of assets. developing focus on and warehouse distribution our non-core Our remaining remains acquiring well-located and assets, and disposing
I’ll experience believe will With sell that of flow our as dilution these to property growth. near-term cash discuss some investments to continue industrial demonstrably Brendan we to superior turn the we long-term over in recent forward we call pipeline. and While is that, terms assets,
