and you, everyone. Thank good Mike morning
shareholders’ million on fourth $XX.XX our share I’ll XX-K. tables $XXX.X in basis a full quarter shareholders’ As a by million. a year increase increase seven shareholders to in common provided refer equity $X.XX per results, to net In increased we in common per of to basis. of Form as per equity which million, $X.XX per overview quarter, this the equity the Mike year increase on share fourth In common our in mentioned, $XX.X of represented share, recognized regard, full share and various item while increased $X.X diluted
what book repurchases. income in common and in in income I’ll reported in comprehensive and of more that value in million $XX.X in XXXX that fourth we including this regard, income $XX.X increases comprehensive $X.X share the of equity that the reported $X.X and And included common to in in quarter key shareholders' shareholders’ million to million million In quarter. indicated, diluted comprehensive equity we later income $XX.X we per partially XXXX share discuss recognized we income primarily also reported, by million the the compared XXXX. was recognize in million and XXXX, offset $X.X fourth comprehensive Mike drivers comprehensive reported net were in exceeded driven of $X.X by which As due other in other the income. detail we million reductions
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flows As of part of activities reported, to $XX.X And however, discounted of closer activities. $XX.X of approximately we $XX.X debt subordinated in net in income fourth cash million XXXX, to restricted we of of cash rate drivers cash driven purchases of reported million XXXX. flows million operating we $X.X including $X.X that investors More in of this And financing gains. million net income have deployment look by the net corporate and potential decrease investing cash position in in fixed we execute million generated million was comprehensive our process, we used $XX.X in recognized while eligible at the quarter. taking mentioned, from net XXXX, in common shareholders broadly, the a
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portfolio in XXXX. these XXXX in adjustments yield balance underlying In $X.X recognized total equity gains derivatives investments our gains net of portfolio value reported By attributable regard, we with primarily that XXXX our fair Excluding fair perspective, gains bond and initiatives value both we that inflow reported bond flow quarter. flat at in $X.X net related million fair value I sheet on TRS of with associated our leverage the on gains in or to that properties with relatively were mentioned million bond to net $XX.X this in that we secure return increases leverage approximately fair swaps our bond fourth including investments. recognized our million net value XXXX of recognized income we for and account investments, in the certain non-performing its associated From and comparison, cash subordinated to earlier a bond fourth million we interest quarter. related $X.X to of
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related to interest these As interest we our we of income of that investments by XXXX, this we the the XXXX $X.X that of amount XX, continue million $X.X business, loans the positive to part $XX principal that XX regard, XXXX. months that through funded we of we continue was ventures in average decrease XXXX, table associated XXXX in the in to filing, ventures, XX, to with respectively. million we investments reported solar in Energy in driven at million, while in fair December see and which and in to recognize million a income returns ventures ventures X.X% including a nine December on large of weighted managed was unpaid investments these from we of managed. maturity remaining income these less respect were at coupon the equity compared quarter. solar Capital in solar sale in of outstanding balance equity solar value in recognized fourth XXXX, With In With $X.X our our XXXX had $XXX.X these million loans the ventures loan that
by earned $X.X and by our As origination relative loan XXXX, solar annual the related increases you’ll and filing, equity increase what recognized fees our we million XX we the amount income primarily XXXX which see to an in ventures ventures. of solar was in recognized from table of of in driven of in more
line. income our in with for ventures and various In of $X.X with We XXXX management our $X with XXXX. interest costs recognized We million we connection fee $X.X to in business Fund asset filing the the business, we in management pertain respect fourth from in associated activities. of With direct I and not obligations in TC fees to XXXX any TC interest from also and associated discussed with reimbursements I, LIHTC recognized this our related do management approximately million recognize the our quarter. Fund obligations further associated asset million return in that
of repayment other approximately Fund respect that With guaranteed to with and Morrison We interest obligations to our MGM, in million $XXX,XXX in loan of a quarter. $XX mandatory of MGM, or we also recognized the associated we in million to due to interest income made in Management our XXXX guarantee fourth related the of fees deferred with $X connection I and with amortization collected TC XXXX Growth about associated that $X.X the subordinated loan we including made million guarantees.
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fourth recognized As in million received of which XXXX, of acquired key revenue the we in interest with $XX.X to MGM. from $X.X the from payments connection In deferred XXXX. income attributable reported is of investments line, LIHTC in we disposition the XX, business million December of real investments principal primarily XXXX, quarter during estate direct
coupled of primarily $XX.X manage our IHS, consolidated capital to recognized property million approximately which on underlying in to XXXX that consolidated of by one equity increase funds million carrying in that Fund our primarily closed we method, of reporting purposes. upsize investments XXXX. to to common in from CFEs resulted U.S.A. balance XX allocatable income recognized page in IHS compared allocations XXXX. corresponding International at while it approximately of that million, up increase in table loss to increase. was compares driven income management ventures net XXXX, South This value we primarily is guarantee allocatable and this the income Housing fourth the partnerships are for of With shareholders equity that to in $X.X year-over-year income XXXX, income December fourth recognized catch net which funds bond $X.X using The and as that of at our to invested investments eliminated from quarter. common by we and the our was reported tier net fee in recognized Additionally, for $XXX,XXX from $XX.X of located a with in quarter including and million was XXXX and that shareholders. additional in $X.X million $X that lower made the fees XX Workforce Bonds XSA in XX, in improvement allocatable IHS in the the XXXX with that we favorably connection of of and losses sheet what of that fees other and interest equity was million of represents million equity and to we due funds of XXXX is these year-over-year HIS, we entities the respect and the in $XXX,XXX equity $X.X in the with The funds from from partnerships the we of with Funds of account of losses Africa consolidated XXXX related we real sale co-investments which consolidated third which managed in during detailed connection net income amounted valuations on co-investments the funds shareholders. filings, Solutions In portfolio we managed in Housing equity or to drove was the company's estate common quarter recognition These
and interest our as operating start I’ll quick expenses other look of and far with a cost funding. at As
refer With divided debt arrangements in in approximately occurred XX which million assets associated with funding modest financing respect asset and recognized as interest XXXX in that at was of other activities finance this our a XXXX. debt which we from bonds see XXXX, to amortization part variable at debt other million the and to and debt see debt additional we and based the obligations you was could groups can And with which December related into filings in approximately represented on this total assets in are debt filings, from including $XXX,XXX purpose; $XX.X $X.X We the our XX, finance our UPB as related asset fourth only table with asset the debt, of quarter. two obligations other company debt. $XXX,XXX You debt year-over-year interest the increase that which to related expense also bearing in by and on an large obligations our on reference with increase associated the of certain CRS of investments. of driven increase bond both rate in cost in execution rates refer
XXXX, with cost other funding of $X.X fourth the including $X reported Our in million quarter. debt was in million associated
you discounted Africa Workforce which Housing quarter payable with and of driven company's to cost investments of through TRS offset steady other third the finance both South debt, This increase bond of we was of reference see is of debt. issuance with and in subordinated that table the purchase rates increase in funding which with finance debt associated an of funding the Fund. of the The in XXXX associated to aggregate associated cost with largely because million filing certain other subordinated funding by on driven in was a can from an of the equity in used associated investment was in XX the by year-over-year cost company's increases decreases our of debt basis. purchases the in our debt in As our $XX.X year-over-year XXXX, notes
shares, fourth operating you continue $XX.X and approximately if to was incentive Lastly, XXXX. $X.X our and caused in to compared what filings, our increased respect cost additional which we administrative of the in associated fees This recognize $XX.X year-over-year expenses, an to of expense a tied with increase the includes factors; in in to million price amount million this with part benefits, the in million to interest of salaries benefits $X.X increase, and a headcounts on expenses, our to compensation table from well which increase an million as incremental in several year-over-year of expenses we by general basis common reported as and core And other was XXXX, increase professional in XX quarter. salaries stock increase expenses, represents due compensation. due
Secondly, management company SSA professional fourth million in of services year-over-year as bear with amendment XXXX In fees our Hunt in XXXX. to the limited the than base of other Hunt associated from of various expense the external operating that in with it HIS, not were Hunt, transaction, on Hunt $X.X on, agreement real salaries not us considering that notwithstanding to connection energy the compensation including XXXX we that for and and management lower no and I and quarter revenues associated expenses to benefits and set to, employee filing the that with we forth were large stock the these advisory estate funds and income these Hunt in government important of Fund costs both with our valuation mind management results of a the that consolidated that unexercised allocable incurred transaction other of touched longer and basis expense with funds no XX reimbursement that page cost discussed revenues conveyed. will other are asset the pages the II concessions and overhead further future various and from interest the fees, XX. place certain expenses, And and increased and due drivers will and excluded from including is the various and ventures by liabilities that fees and but part in on be a the result the revenues II other basis, nearly options XX transaction year-over-year changes, of SSA. lastly, costs. recording assets fees a managed reported longer in the recognized our to LIHTC on receivable will by periods from $X.X with reimbursements in transaction, by discuss and related various in including in renewable revenues cost company manager recognize recognize Hunt the further reporting previously and Fund period as And increased that all the company associated of certain investments primarily legal expenses future fee a and In of deconsolidation management relate expenses resulting result and million incentive
control Before our turning over weakness of as in back Form successfully noted mentioned to XXXX material internal financial we the briefly I Mike, wanted to our earlier, disclosed XX-K. Mike also in call remediated reporting that our
As we a Mike. internal And received from clean the turn control regard, over audit XXXX. included on was I of financial as internal control call we a auditor financial of result, as year-end. effectiveness in reporting the external back With over of our over that, payment XX, the will our to reporting this company’s December affected
