secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0000950170-21-002596
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000095017021002596/0000950170-21-002596-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000095017021002596/nnn-20211102.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-002596

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer