Feb 11, 2025 / 03:30PM GMT
Operator
Greetings. Welcome to the NNN REIT, Inc., fourth-quarter 2024 earnings call. (Operator Instructions) Please note, this conference is being recorded.
I will now turn the conference over to your host, Steve Horn, CEO. You may begin.
Stephen Horn - NNN REIT Inc - President, Chief Executive Officer, Director
Thanks, Holly. Good morning, and welcome to NNN REIT's fourth-quarter 2024 earnings call. Joining me today is the current Chief Financial Officer, Kevin Habicht; and our incoming CFO, Vincent Chao. As outlined in this morning's press release, NNN delivered 1.8% core FFO growth for 2024, alongside over $550 million in acquisition volume. The year concluded with a strong 98.5% occupancy rate, while dispositions of income-producing assets were executed at a cap rate 40 basis points lower than our acquisition yield, including several strategic and defensive asset sales.
These achievements reflect the dedication and the expertise of our best-in-class team at NNN, position us well for the near term. Key highlights I'm particularly proud of for the
Q4 2024 NNN REIT Inc Earnings Call Transcript
Feb 11, 2025
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