Realty Income
Q4 2022 Earnings Call
Feb 22, 2023, 2:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, and welcome to the Realty Income's fourth-quarter 2022 operating results conference call. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Julie Hasselwander, senior manager of investor relations at Realty Income. Please go ahead.
Julie Hasselwander -- Senior Manager, Investor Relations
Thank you all for joining us today for Realty Income's fourth-quarter operating results conference call. Discussing our results will be Sumit Roy, president and chief executive officer; Christie Kelly, executive vice president, chief financial officer, and treasurer; and Jonathan Pong, senior vice president, head of corporate finance. During this conference call, we will make certain statements that may be considered forward-looking statements under federal securities laws. The company's actual future results may differ significantly from the matters discussed in any forward-looking statement.
We will disclose in greater detail the factors that may cause such differences in the company's Form 10-K. We will be observing a two-question limit during the Q&A portion of the call in order to give everyone the opportunity to participate. If you would like to ask additional questions, you may reenter the queue. I will now turn the call over to our CEO, Sumit.
Sumit Roy -- President and Chief Executive Officer
Thank you, Julie. Welcome, everyone. 2022 was a year of significant growth for our company. I would like to express my gratitude and appreciation to the Realty Income team, who have worked tirelessly to execute on our strategic objectives, and all of our investors for their support.
The result of our team's collective efforts was reflected in our 2022 results, highlighted by AFFO per share growth of 9.2%, the highest annual growth rate for our company since 2013. Additionally, we closed an approximately 9 billion of high-quality investments in 2022, including $3.9 billion in the fourth quarter. Both the annual and fourth-quarter investment volume set record highs for the company. Underpinning investment activity, transaction flow remains robust.
We saw $17 billion in the fourth quarter, bringing 2022 sourcing volume to $95 billion. Finally, we ended the year with occupancy of 99%, our highest occupancy rate at the end of a reporting period in over 20 years. At Realty Income, we strive to provide stability and sustainable growth on behalf of our investors. And during periods of economic uncertainty like we find ourselves in today, the resilience demonstrated by our business model is important to highlight.