Thank you, John.
value X.X% That's that's results underlying quarter, As the lien secured prior at collateral, lien from quarter up prior XX, XX.X% prior debt from borrower assets benefiting first X.X% debt and our X.X% That's investments. from quarter, the with unsecured which subordinated investments fair portfolio quarter, prior the first of XX% in equity from the X.X% debt. underlying of XX% structured our and being XX.X% down from with collateral. pledged that's X.X% down notes comprised lien secured debt, March second up
the as generating of March attractive decrease that annualized is XXXX, approach quarter. In in performing XX.X% prior percentage investments, generates one yields. of points X.X an Prospect's our interest-bearing yield of risk-adjusted we're a
income, quarter profile recurring March to in investment our income interest was strong XX% the revenue of business. a Our reflecting total
an we the quarter of X XXX increase held the billion, approximately value fair decrease As prior of of million. $XXX companies, $X.X March, of with a from portfolio
largest portfolio with many is with We significant industry a for fashion company the and cyclicality to concentration, no different also invest in avoiding across diversified preference XX.X%. industries continued a
As sector the stood concentration the leisure X.X%. retail in industry of asset at energy X.X% and stood at at the March, and stood in restaurant, X.X%, our hotel, industry
assets Nonaccruals from as March, the of X.X% a in percentage a was X.X% approximately prior total quarter. increase
middle Our leverage below stood peers. substantially reporting our X.Xx portfolio at EBITDA, weighted average net market
weighted portfolio $XXX quarter the aggregated company per average Our Originations EBITDA in at million. million. stood $XXX March
sales We also of experienced $XXX resulting net $XXX over million originations exits, repayments, of in and million.
March lending comprised the market XX.X% XX% market estate and originations quarter, our middle lending, real X.X% and buyouts. During middle
net $X.X stabilized largely student deployed a X senior properties, in through basis, XX on housing, including estate living. XXX a X in X multifamily on date, workforce, date, cumulative cumulative significant with we've attractive private in-place XX financing. self-storage triple lease, across multiyear focused on invested basis. and capital real billion the yield That's arena multifamily, which strategy, our To acquisitions is we've REIT To
need address In investment to to sellers higher preferred on we've significant to property liquidity attachment opportunity recapitalize portfolios. there's cost include of points. investment the underneath sellers in other support the where take current distressed financing equity also an generate focusing focus environment, their We're added issues or our advantage third-party to the with to our capital structures
estate collections, hedge suburban cash last recapitalizations, work-from-home rising corporate high in NPRC, occupancies, credit a resulting alongside time tailwinds, increase as growth several business programs the years validation of high-returning renovation financing businesses. the have yields showing solid rents, this in an over value-added segment, private that over our income has properties and REIT, attractive business inflation our of benefited real from this nature
invested has average from than X.Xx. exited average IRR of capital NPRC and NPRC, and received multiple at net recapitalizations, distributions our capital properties as and partially XX of realized have not of where March XX.X% deals completely including an to more of we invested exited realized back cash
structured credit majority primary and providing yields, has collateral with working management delivered focusing teams, issuance benefits underwriting pursuing Our strong cash demonstrating the opportunities. stakes, business world-class through on of attractive risk-adjusted favorable
As subordinated investments. notes of $XXX across March, structured million XX we nonrecourse held
continue and We notes portfolio middle market expect structured reinvest to investments. our to amortize equity senior secured selected and into subordinated to debt
As a notes result, investment our now structured expected is comprises X% the of time. to portfolio decrease over portfolio and
our These of March of the capital cash returns X,XXX cost portfolio we nearly to Prospect XX.X%. underlying amortization GAAP structured that the The a and intend this a to yield corporate purposes. credit difference In yield strategies investment for and portfolios loans. comprise X.X% quarter, representing generated of use other basis,
$X.X subordinated structured our investments March, representing us, multiple on original XX we've generated exited our with an XX% also of cumulative As cash IRR realized credit has March, in cash investment. in cash portfolio current billion of average of X.Xx. of XXX% distributions to Through
in far million of booked of million $XX experienced approximately June repayments million So originations and the quarter, net repayments. we current $XX in $XX for
and lending real of XX% consisted have Originations estate. middle market XX%
Kristin? now Kristin. I'll you. to call over the turn Thank
