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with solid over continues and Our assets undrawn scale credit billion to $X of performance. business deliver
team experienced approximately represents consists one the the which credit of middle of groups Our market professionals, XXX industry. largest in
sponsor and longevity, focus our With operating lending, deep that on we direct Prospect-sponsored non-sponsor yield estate structured strategy experience and real financial investment to and equity online scale, lending. a credit, related continue bench, covers investing third-party diversified and private buyouts,
December diversity to fair up XX.X% As us in controlled disciplined our high at volume prior of XXXX, investments value allows most quarter. the deem opportunities the be manner bottoms-up portfolio, from we then broad a on This the range a and source at basis. of of attractive opportunities, to risk-adjusted stood select X.X% our a
typically of opportunities invests thousands percentage team of single-digit opportunities. disciplined Our manner in in evaluates low a a such annually and
and senior of with corporate lending preference non-bank invest loans. Our us the multiple to gives the for flexibility capital in stack a levels secured structure
from underlying in XX.X% December unsecured X.X% at lien lien, and of that first secured portfolio with subordinated pledge equity As debt XX% assets value debt, our XX.X% notes secured first collateral, underlying borrower lien, investments secured XXXX, investments, XX.X% secured collateral. comprised of with fair structured resulting our being benefits second XX.X%
from XX basis interest-bearing are generates performing points annualized that is In one attractive as quarter. of generating December prior yields. XXXX, of XX.X% risk-adjusted investments, up approach an the our yield Prospect's we
as hold distributions. capital also equity investments that or certain positions contributors generate such yield can We in as enhancers act positions gains
a debt secured differentiated above-market selection risk to yields through against still achieving while to senior our and credit protect prioritize originations and continued discipline We've with origination downside approach.
companies, portfolio $X.XX down XXX and December, quarter of value exits billion. fair the five of to held prior with from As repayments a due we
portfolio many with also no diversified across a largest significant company industries fashion industry in to continue is invest XX.X%. We different concentration, the
December, stood X%. at Non-accruals concentration in approximately X.X% industry in X.X% December, our industry the at As percentage at of prior the total retail asset energy and in a the X.X% decrease as our of stood concentration stood a quarter. from assets of
up at average leverage weighted prior stood net quarter. the Our portfolio EBITDA, X.XXx X.XX from
Originations December, average Our aggregated million. December quarter million $XX.X from in the company prior weighted per million up stood $XXX at quarter. EBITDA in in $XX portfolio the
We $XXX in and a resulting of exits as sell-down preservation larger repayments of and also experienced credit repayments of of million. million net objective exposures, $XXX validation our capital
During originations December club early debt, quarter, structured yield look corporate investments; XX.X% including X.X% debt, and secured non-agented XX.X% our rated and sponsored the comprised notes; agented buyouts. XX.X% anchoring
To date, our significant with estate workforce, attractive real deployed capital XX-year on REIT the largely we've plus arena in strategy through stabilized private multifamily acquisitions yield focused financing.
occupancies, NPRC, our REIT, renovation high-returning high growth as an resulting our value-added rising credit businesses. in strong income real recapitalizations, have corporate financing attractive programs validation properties increase cash private yields from alongside has business and a rents, in this benefited estate of that
objective NPRC new acquisitions, into XX with property redeploy has completely exited including over repeat property relationships. properties, to with an manager capital
in our expect beyond. to and multiple additional calendar have properties years continue XXXX We for identified exit exits potential and
primary teams, cash pursuing world-class underwriting opportunities. management risk-adjusted delivered demonstrating majority providing credit collateral focusing the and attractive yields, of business stakes, structured working on Our issuance through strong attractive with benefits has
non-recourse As loans structured X,XXX investments. structured credit across billion. of comprised asset XX $XX portfolios we million These base December, around of notes around a underlying total and $XXX subordinated held
of than XX representing of XXX broadly default XX-month market rate As of points, syndicated the points basis December, the points. experienced trailing less structured credit basis basis XX rate portfolio a default
generated this annualized GAAP yield portfolio XX.X%. In of December an the quarter,
of credit multiple X.XXx. investments, cash-on-cash structured has distributions million we've around portfolio also investment. realized cash exited original subordinated Through billion $X.XX an us, our average $XXX our XX.X% nine December, of cumulative of XX% As in generated of totaling representing with to IRR and December,
compared significant structured many Our because rebates Such position. majority holdings fee In majority-owned tranche. we credit to of receive same positions. in the entirely consists subordinated cases, can our portfolio minority positions of benefits enjoy
sole to and add ability we value holder, a discretion As we substantial options our future, portfolio. in call transaction the to such believe our the a control in majority
the valuations have can loan of rather waiting than to terms be from deal when the liabilities on and investment temporarily a low. advantageous refinance extend might investors investor, enhance remove asset in fashion the for to option as optimal majority debt reset exchange call value. in transaction or period years terms, in an We We, better more bond baskets a
over completed XX years. last resets the two We refinancings over and
quarter, of $XX originations and repayments million, $XXX far booked March the So in million. net current resulting originations we've in million of $XXX in received
Our X% originations structured XX% notes. rated XX% non-agented agented have debt, comprised sponsored debt and secured
you. over Thank I'll Kristin. to call turn now the