Q4 2022 National Retail Properties Inc Earnings Call Transcript
Good morning, everybody, and welcome to National Retail Properties 2022 Year-End Earnings Call. (Operator Instructions) Please note, this conference is being recorded.
I will now turn the conference over to your host, Mr. Steve Horn, President and CEO of National Retail Properties. Sir, over to you.
Thank you, Jenny. Good morning, and welcome to National Retail Properties' Fourth Quarter 2022 Earnings Call. Joining me on the call is Chief Financial Officer, Kevin Habicht.
As this morning's press release reflects NNN's performance in 2022 produced 9.8% FFO growth along with an all-time high in acquisitions of nearly $850 million. In addition, the year concluded with high occupancy of 99.4% and an impressive rent collection of 99.7% all driven by our best-in-class team here at NNN. The end of the year surge positions the company well headed into the uncertainty of 2023.
A few highlights of 2022 that I'm proud of what NNN accomplished. One, 33rd
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