secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000950170-23-036794
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NNN REIT Q2 FFO/share up 3.9% YoY; raises 2023 Core FFO guidance to $3.17-$3.22
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- Q2 Core FFO per share $0.80 vs $0.79 prior year (+1.3%); AFFO per share $0.80.
- Revenue $202.6M, net earnings $98.7M ($0.54 diluted EPS).
- Invested $181.3M in 36 properties at 7.2% initial cash cap rate; portfolio occupancy 99.4%.
- Raised 2023 Core FFO guidance from $3.14-$3.20 to $3.17-$3.22 per share.
- Sold 7 properties for $28.2M with $13.9M gains at 5.1% cap rate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000095017023036794/0000950170-23-036794-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000095017023036794/nnn-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-036794

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