Stock Advisor launched in February of 2002. And we've held the same stocks for decades, and we know the managements of most of the REITs, and it's something we're going on. So that's something that is a temporary structure and we got rent from it. Sequentially, our FFO of $0.21 per diluted share for the second quarter of fiscal 2020 is $0.01 or 5% higher than our FFO of $0.20 per diluted share for the first quarter of fiscal 2020, and our AFFO of $0.20 per diluted share for the second quarter of fiscal 2020 is $0.01 or 4.8% lower than our AFFO of $0.21 per diluted share for the first quarter of fiscal 2020. So I think we're fully stocked to fund the pipeline. I know a few of the other industrial names have talked about retention potentially ticking higher. So luckily, we filled up the tank pre-pandemic. Did I tackle everything, Jeremy, or did I forget anything? It's just a very low immaterial number. So I'm wondering how you guys think about this when you look at the 2021 expirations? Mike, you had alluded to when you were talking in your comments about the ATM, not really looking to use that right now. Our acquisition pipeline grew during the quarter to $229.6 million. That has come down to 75 basis points.

Okay. Good morning, everyone, and thank you for joining us. Browse our guide to explore. But no, it kind of peaked weeks ago and this week, no request at all. So we're a well-capitalized company, and we have sources of new capital. Dividend Capture Avg Days for Stock Price Recovery, Strategic Advisers® Fidelity® Core Income Fund, Top 50 High-Yield Dividend Stocks on Our Watchlist, Ashford Hospitality Trust Inc 7.375% Series F Cumulative Preferred Stock, Ashford Hospitality Trust Inc 7.50% Series H Cumulative Preferred Stock, Ashford Hospitality Trust Inc 8.45% Cum Pfd Ser D, Bluerock Residential Growth REIT, Inc. 8.250% Series A Cumulative Redeemable Preferred Stock, Saul Centers, Inc. - 6.125% PRF PERPETUAL USD 25 - Ser D, Critical Facts You Need to Know About Preferred Stocks, Earn More With Dividend Stocks Than With Annuities for Your Retirement, Monmouth Real Estate Investment Corp (MNR).

Our weighted average debt maturity for our property level fixed-rate debt was 11.3 years at quarter end as compared to 11.6 years in the prior year period. Municipal bonds news, reports, video and more. But yeah, we've received a lot of checks and as -- like Mike said, there's a couple of checks that we haven't received and it's probably because the mail is slow. I had a question on some of the deferrals granted. With respect to our property portfolio, our occupancy stood at 99.4% at quarter end, representing a 50 basis point increase from a year ago and a 20 basis point increase sequentially. * Annualized return assumes initial investment is continually reinvested in similar BDC stocks. As of the quarter end, our capital structure consisted of approximately $854.7 million in debt, of which $779.7 million was property level fixed-rate mortgage debt and $75 million were loans payable. Yeah, that's a good question. ISM Manufacturing readings are deep in contraction mode at 41.5 [Phonetic] for the month of April due to the demand destruction that comes with a broad economic shutdown.

Our two largest tenants, FedEx and Amazon, are seeing tremendous demand, and this demand is likely to continue for the foreseeable future. Reproduction of such information in any form is prohibited. This is just the most recent of many examples illustrating why it is important to stick to strategies that have worked well over the long term, as opposed to succumbing to short-term trends that may appear to work in any given moment until sooner or later the proverbial tide goes out and business models truly get tested. Great. Okay. And we added a 20-year lease with Home Depot, under construction, in Atlanta, which is where their headquarters is. Our next question comes from Sarah Tan of JPMorgan. For various reasons, they wanted to put a subsidiary on the lease. A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. Our loans payable consisted of a $75 million term loan that has a corresponding interest rate swap agreement to fixed LIBOR at an all-in interest rate of 2.92%. How do you feel about the DRIP program, and would you change that?

Monmouth specializes in single-tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. They're throwing the kitchen sink and all the appliances at the pandemic issue. I don't anticipate anything falling off our pipeline. I mean do you think maybe half have been knocked out, more than that, less than that?

Was that -- were you in discussion and kind of pulling that together mid-March or was that kind of worked on earlier in the quarter? So let's drill down on that. No. Happy to take that question. Jeremy Metz -- BMO Capital Markets -- Analyst. These financings have a weighted average interest rate of 3%.

And today, they're already over 95%. So... 3.03%, sorry. In this most challenging environment, I think it warrants repeating that to date we have agreed to only $320,000 in deferred rent to be paid by the end of this calendar year. Our weighted average lease maturity is 7.4 years and our weighted average rent per square foot is $6.28 as of quarter end. As you could see on our balance sheet, there's like $35 million in cash. Thank you. Monmouth Real Estate Investment has concentrated on the long term, with the acquisition of one high-quality industrial asset after another. And we'll have to see when we get through this deflationary period, what inflation looks like. Are you seeing that -- it's a little early in some of that, but are you at all seeing that filter into demand in some of the secondary markets that you're in? But months could become quarters and quarters could become years, but we will have to see. Out of our entire 116 property portfolio, we currently have only two vacant buildings, representing 60 basis points of our total GLA. It divides the Forward Annualized Dividend by FY1. Just kind of trying to handicap that. Oh, I know what that is. So you had a long-term lease to investment-grade tenant now trading at a significantly lower cap rate than a more challenged asset to a weaker credit. Companies in our sector were deliberately sacrificing occupancy rates for more aggressive leasing spreads. So all it is is dividend reinvestment funds coming in right now. Our weighted average lease maturity has exceeded seven years for more than six consecutive years, and it is currently averaging 7.4 years. Rent collections have been the most prominent investor concern of late. This compares to FFO for the same period one year ago of $19.6 million or $0.21 per diluted share, which is unchanged on a per share basis. We announced over a year ago that we were going to decrease it from 10% of gross assets to 5%. Monmouth Real Estate Investment Corporation, REITworks Panel Discusses Governance Issues Across Sectors, State of New Jersey Common Pension Fund D Sells 6,333 Shares of Monmouth Real Estate Investment Co. (NYSE:MNR), Monmouth Real Estate Investment (NYSE:MNR) Coverage Initiated at Berenberg Bank.