
98.9% leased with a remaining weighted-average lease term of 8.3 years.The real estate portfolio metrics include: The Company's portfolio of 311 net lease properties is located in eleven countries and territories and comprised of 39.5 million rentable square feet leased to 140 tenants across 50 industries at June 30, 2022. NAREIT defined FFO per diluted common shareĬore FFO attributable to common stockholders NAREIT defined FFO attributable to common stockholders Net loss attributable to common stockholders These measures, along with our best-in-class global portfolio, position GNL to benefit from meaningful capital appreciation while our dividend provides shareholders a very compelling current yield." In the current global economic climate, the credit facility recast we completed early in the second quarter and the comprehensive hedging program we have used for many years are both working as designed, mitigating our exposure to foreign exchange and interest rate movements. "Our continued success in executing lease renewals and expansions with our tenants speaks to the mission-critical nature of the properties that we own. "We are continuing to grow our portfolio by focusing on the highly dependable Industrial and Distribution asset class," said James Nelson, CEO of GNL. Recast credit facility with new $1.45 billion revolving facility with 4.5 year term and improved pricing.
Completed eight lease renewals and two tenant expansion projects year-to-date, totaling 2.6 million square feet and adding $102 million of net new straight-line rent over the new weighted-average remaining lease term. Over 62% of annualized straight-line rent comes from Investment Grade or implied Investment Grade tenants 4. Since 2020, 82% of all acquisitions have been industrial or distribution properties. office acquisitions for a total purchase price of $33.0 million at a weighted average cap rate 3 of 7.7% and with 13.6 years of weighted-average lease term remaining Contractual annual rent increases in 95% 2 of leases that increase the cash rent that is due over time by an average cumulative increase of 1.2% per year, including but not limited to 61% that are fixed-rate increases and 26% that are based on Consumer Price Index. Portfolio 98.9% leased with 8.3 years of weighted average remaining lease term 1. Distributed $41.6 million, or $0.40 per share, in dividends to common shareholders. AFFO per share was $0.43 compared to $0.44 per share in second quarter 2021. Adjusted Funds from Operations ("AFFO") increased by $2.2 million to $45.0 million versus $42.8 million in the prior year quarter. Core Funds from Operations ("Core FFO") grew 13.5% to $50.0 million or $0.48 per share compared to $44.0 million or $0.46 per share in second quarter 2021. Net operating income ("NOI") grew to $87.4 million from $86.9 million in second quarter 2021. Net loss attributable to common stockholders of $5.8 million compared to $2.4 million in prior year second quarter, or $(0.06) per share compared to $(0.14) per share.
Revenue was $95.2 million compared to $99.6 million in second quarter 2021.Second Quarter 2022 and Subsequent Events Highlights