secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000950170-22-020983
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NNN Q3 FFO $0.79; raises 2022 Core FFO guidance to $3.11-$3.15
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- Q3 revenue $193.5M, net earnings $88.4M ($0.50 diluted EPS).
- Core FFO per share $0.79; AFFO per share $0.81 (ex-COVID deferral repayments $0.80).
- Occupancy 99.4%; acquired $223.1M in 52 properties at 6.3% initial yield.
- 2022 Core FFO guidance raised from $3.07-$3.12 to $3.11-$3.15 per share.
- Only $50M drawn on $1.1B line of credit; no material 2023 debt maturities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000095017022020983/0000950170-22-020983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000095017022020983/nnn-20221102.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-020983

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