AcquisitionsTransaction activity in 4Q acquisitions of $216.8m beat guide midpoint and the management noted the conservatism in its acquisition guide with an elevated deal flow compared to last year.
Liquidity PositionThe company is in a good liquidity position, with approximately $200 million of cash and $1.2 billion available on their revolving credit facility.
Portfolio ManagementThe call highlighted strong progress from Frisch's and Badcock re-leasing pace and rent recapture, along with greater health across the rest of the portfolio, which drove the better-than-expected AFFO/sh guidance & upside move in the stock.