Jun 06, 2023 / 03:45PM GMT
John D. Moragne - Broadstone Net Lease, Inc. - CEO & Director
One of the things that we looked at as coming to this year was Net Lease, by its nature is a defensive REITs class. And we wanted to make sure that we were as well positioned as possible for what we knew was going to be a difficult in Rocky 2023 as possible. So we have 99.4% occupancy. We've had 100% rent collection all the way through year-to-date for this year. So the portfolio is performing exceedingly well.
Questions and Answers:
Diane Rusignola -I'm here today with John Moragne, CEO of Broadstone Net lease. Can you talk about Broadstone's capital allocation strategy and how you view opportunities and challenges in today's market?
John D. Moragne - Broadstone Net Lease, Inc. - CEO & Director
Yes, sure. So the market backdrop is particularly difficult. We've seen volumes fall off considerably from the last couple of years. Seller expectations remain sort of stubbornly high. A number of buyers has changed, higher for longer interest rate
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