secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000950170-23-016443
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000095017023016443/0000950170-23-016443-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000095017023016443/nnn-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-016443

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