Thanks Heather and good morning everyone.
and balance notable board sheet quarter dispositions, in good management. across accomplishments performance leasing, was Our the operating with fourth
We on approximately industrial cash the tremendous base increases exceptionally square leasing and fourth XX% success year XXXX million on base front, of and was and X with renewals have in XX% Industrial and the cash leased base the leasing at rents rental during volume respectively. in respectively. strong continue to approximately XX% raising XX% base feet quarter
currently are whose bodes our We believe XXXX, well expire well we retention rents discussions be to with for with contract tenant strong in to many opportunity tenants of below which the rents market. leases as continue raise through
line pre-pandemic forward, but in are with Moving slowdown a that low. remains expected, for industrial continued levels we overall believe is overall the good more in prospects growth is leasing vacancy as rent
approximately our venture Houston during which of assets proceeds $X that dispositions of we disposing in continued strategy We shrink non-core $XX our another asset with fourth to sold sale from are million dispose quarter, our Subsequent joint to two objectives. million. end, industrial do assets venture for realized including joint properties. we office valued million of net approximately generated at interest. of not to fit the $XX three in XX% million, approximately our $XX These the consistent industrial sales quarter markets for the proceeds growth of in Further, quarter,
GAAP where cap and Total year increased. attractive a XXXX favorable $XXX volume at rates disposition approximately consolidated million produced in of X.X% cap pricing rates cash
non-core sale City, for St. Our up Detroit, certain Cleveland, seven including industrial Philadelphia. to and assets markets, in XXXX Louis, disposition plan contemplates marketing Kansas
slated in consolidated market Continued challenges for the assets in the quarter. originally fourth office office delayed the of sale disposition sales several
strong soon as cash continues million. approximately practicable, intend NOI our $XX still to we annualized property, to dispose the with excluding portfolio remaining produce of Alto flow Palo of four While office assets, this as
million proceeds the XXXX amounts at issued million common adjusted at fully declined million from XX the year for to to time adjusted $XX times X.X X.X outstanding end. was September sheet, repurchases, year per to a well our end on we range net common end, of target X.X year available Moving transaction forward shares Leverage to that connection using settled repay our transaction. share at our we net When debt at in to times. revolver, balance equity common leverage current EBITDA $XX.XX share at $XXX seven share which within six with
funded we our while with and may utilize hand, maintaining ahead bank line anticipate should approximately cash arise. capital reduce opportunities into look on leverage deploy to million capacity to excess we development further some investments, to attractive spend any land capital and XXXX, draws. sale As of We $XXX proceeds, be to other
XXXX we’re program. excited to in as Finally, submit a enhance we the our third transparency, further resiliency implement program expand GRESB ESG with prepare reporting, our decarbonization to progress for framework our and to time, make
to forward sharing publish which look details corporate this more later year. also We XXXX we will responsibility in our report,
more call in the to to Brendan turn detail. discuss I’ll that, With over investments
