Q4 2023 NNN REIT Inc Earnings Call Transcript
Greetings. Welcome to the NNN REIT Inc. Q4 and Year-end 2023 Earnings Conference Call. (Operator Instructions) Please note, this conference is being recorded. I will now turn the conference over to your host, Steve Horn, Chief Executive Officer. You may begin.
Thank you, Olli. Good morning, and welcome to NNN REIT's Fourth Quarter 2023 earnings call. Joining me on the call is Chief Financial Officer, Kevin Habicht. As this morning's press release reflects NNN's performance in 2023 produced 3.8% core FFO growth along with acquisition volume over $800 million.
In addition, the year concluded with high occupancy of 99.5% and dispositions income-producing assets were 140 basis points lower than our acquisition cap rate, all driven by our best-in-class team here at NNN.
The end of the year served positions the company well in the near term. But a few highlights of 2023 that I'm proud of what NNN accomplished, the 34th consecutive annual dividend increase, the rebranding initiative and
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