---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-21-002596"
form_type: "8-K"
ticker: "NNN"
cik: "0000751364"
company_name: "NNN REIT, INC."
filed_at: "2021-11-02T23:59:59+00:00"
generated_at: "2026-06-28T15:25:30.783002+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# National Retail Properties Q3 FFO $0.71, raises 2021 Core FFO guidance to $2.80-$2.84

## Summary
- Q3 revenues $180.4M; net earnings $0.45/share; FFO $0.71; AFFO $0.75 (or $0.73 ex-deferral repayments).
- Occupancy 98.6% with 10.6-year weighted avg lease term; acquired 49 properties for $246.8M at 6.4% cash yield.
- Issued $450M 3.000% senior notes due 2052; ended quarter with $543.5M cash, $0 drawn on $1.1B credit line.
- 2021 Core FFO guidance raised to $2.80-$2.84/share (from $2.75-$2.80); AFFO estimated $3.00-$3.04.
- 2022 Core FFO guidance $2.90-$2.97/share; AFFO $2.99-$3.06; reflects mid-single-digit growth strategy.

## SEC filing metadata
- accession: 0000950170-21-002596
- form_type: 8-K
- ticker: NNN
- cik: 0000751364
- company_name: NNN REIT, INC.
- filed_at: 2021-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751364/000095017021002596/0000950170-21-002596-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751364/000095017021002596/nnn-20211102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-21-002596
- JSON: https://secwatch.observer/filing/0000950170-21-002596.json
- Plain text: https://secwatch.observer/filing/0000950170-21-002596.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.