NNN REIT Q1 FFO $0.80/share (+6.7% YoY), occupancy 99.4%

NNN REIT, INC.

2023-Q1 EPS reported $0.50 revenue$204,108,000

Revenue $204.1M, net earnings $90.2M ($0.50 EPS), vs $190.3M and $81.4M ($0.46) in Q1 2022.
Core FFO $0.80/share (+3.9% YoY); AFFO $0.82/share (+3.8% YoY).
Occupancy 99.4%; weighted avg lease term 10.3 years at March 31, 2023.
Acquired 43 properties for $156.2M at 7.0% initial cap rate; sold 6 properties for $11.9M.
Raised $16.9M net from share issuance; unsecured debt weighted avg maturity 12.9 years.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NNN REIT, INC. reported the quarter ended March 31, 2023 results: revenue $ 204,108, net income $ 90,167, EPS $ 0.50.

Period: the quarter ended March 31, 2023
Revenue: $ 204,108
Net income: $ 90,167
EPS: $ 0.50
Result: reported results

Exact text from the filing

FFO, Core FFO and AFFO available to common stockholders and diluted per share amounts: Quarter Ended March 31, 2023 2022 (dollars in thousands, except per share data) Revenues $ 204,108 $ 190,279 Net earnings available to common stockholders $ 90,167 $ 81,372 Net earnings per common share $ 0.50 $ 0.46 FFO available to common stockholders $ 145,549 $ 131,593 FFO

View on SEC.gov

168 earnings releases filed in the last 30 days. Browse all earnings releases →

NNN REIT, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-016443

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.